Daytrading the Emini S&P 500! - Emini Index Futures Trading | futures io social day trading
futures io futures trading


Daytrading the Emini S&P 500!
Updated: Views / Replies:16,813 / 51
Created: by cj060896 Attachments:1

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Closed Thread
 1  
 
Thread Tools Search this Thread
 

Daytrading the Emini S&P 500!

  #1 (permalink)
Trading Apprentice
Hartford/Connecticut
 
Futures Experience: Intermediate
Platform: TradeStation
Favorite Futures: ES
 
Posts: 16 since Feb 2014
Thanks: 8 given, 2 received

Daytrading the Emini S&P 500!

Seeing so many people trade this I was hoping people could share their information. Please only post "Answers" if you are a profitable trader (no matter how small). I am just trying to get out of the red!

How many ticks do you "usually" "start" your stop loss at?
Any simple rules for how you adjust it as the trade progresses?

Where do you "usually" set your profit target?

What indicators work best for you?

Do you use tick charts or time charts and at what intervals?
Do you use bar intervals or candlesticks with your tick charts?

Do you follow any chat-rooms or threads with other profitable traders to give you any set up ideas?
Please post links and costs if any.

If you use any Emini Trading & How to Day Trade | Emini-Watch.com indicators, please provide any advice such as which ones you use, the intervals, you use and how you use them in a profitable way.

I realize that there is no easy way. I have my own system and have been putting in lots of time, money, and effort into this. I have been in the red for a couple of years and I feel I am close to breaking out. I have learned so much the past few weeks and have moved from E*Trade to Tradestation and Stocks to Futures. I am just looking for some general guidelines and ideas from profitable traders to incorporate into my system and help me navigate through this ever-changing market. I'd really appreciate any help and if I use anyone's ideas and make some serious money, I'd be more than happy to compensate you in the future!


https://futures.io/images/smilies/animated/tea.gif


Last edited by cj060896; February 17th, 2014 at 11:52 AM.
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
Hong Kong
 
Futures Experience: Intermediate
Platform: NinjaTrader, TWS
Broker/Data: IB/Kinetick
Favorite Futures: ES
 
Posts: 233 since Jan 2012
Thanks: 130 given, 306 received


Good questions.

But how about you give your answers first? Should help and encourage others to give more useful focused advice.

Richard
Hong Kong
 
  #4 (permalink)
The Bids are on the Left
Dayton, NV
 
Futures Experience: Advanced
Platform: NT 7.0
Broker/Data: AMP
Favorite Futures: ZB ZN ZF ES CL
 
JFHughes's Avatar
 
Posts: 45 since Jan 2014
Thanks: 19 given, 46 received

Daytrading the Emini S&P 500!


cj060896 View Post
Seeing so many people trade this I was hoping people could share their information. Please only post "Answers" if you are a profitable trader (no matter how small). I am just trying to get out of the red!

How many ticks do you "usually" "start" your stop loss at?
Any simple rules for how you adjust it as the trade progresses?

Where do you "usually" set your profit target?

What 2 indicators work best for you?

Do you follow any chat-rooms or threads with other profitable traders to give you any set up ideas?
Please post links and costs if any.

If you use any Emini Trading & How to Day Trade | Emini-Watch.com indicators, please provide any advice such as which ones you use, the intervals, you use and how you use them in a profitable way.

I realize that there is no easy way. I have my own system and have been putting in lots of time, money, and effort into this. I have been in the red for a couple of years and I feel I am close to breaking out. I have learned so much the past few weeks and have moved from E*Trade to Tradestation and Stocks to Futures. I am just looking for some general guidelines and ideas from profitable traders to incorporate into my system and help me navigate through this ever-changing market. I'd really appreciate any help and if I use anyone's ideas and make some serious money, I'd be more than happy to compensate you in the future!


https://futures.io/images/smilies/animated/tea.gif

60/30 min charts for trend and targets.
15/5 min charts for entry exits.
STO and MACD for indicators also eye volumes for tops/bottoms

Stops initial I have found 6 tic's work best and adjust as trade goes your way.

Hope that helps.

Best,

Joe

The following 5 users say Thank You to JFHughes for this post:
 
  #5 (permalink)
Trading Apprentice
Hartford/Connecticut
 
Futures Experience: Intermediate
Platform: TradeStation
Favorite Futures: ES
 
Posts: 16 since Feb 2014
Thanks: 8 given, 2 received

Answers


RichardHK View Post
Good questions.

But how about you give your answers first? Should help and encourage others to give more useful focused advice.

Why would I post answers when I don't make money? I am creating this to get people moving in the right direction. I have been experimenting with various answers to all of these questions and I am in the red.

All I know is I am focused on trading the Emini S&P 500 with Tradestation. I plan to use the Better Sin, Better Pro Am, and Better Volume indicators. I feel I am heading in the right direction and I'm looking for help fine tuning these things.

I am asking because it feels like I am always on the wrong side of the trade. I want to know if I need larger stops because it always feels like I got stopped out right before things go my way and it's always too late. I want to know if I should be using smaller profits too because it also feels like things reverse I and I usually end up with a break even trade. So I am trying to figure out if going with smaller stops and smaller losses is better (and if so how small) or if it is better to have larger stops and give my entries a chance to breathe. I have followed the 2 to 1 ratio, ect on books, but think I need advice from some actual winners that don't need to write a book to make money!

 
  #6 (permalink)
The Bids are on the Left
Dayton, NV
 
Futures Experience: Advanced
Platform: NT 7.0
Broker/Data: AMP
Favorite Futures: ZB ZN ZF ES CL
 
JFHughes's Avatar
 
Posts: 45 since Jan 2014
Thanks: 19 given, 46 received

eminis

CJ

I went through that experience also, so I widened the stops and adjusted to a smaller risk tolerance.
So what if you have to trade 1 contract for a while, it is about suceeding over the long haul, not short term
being correct. Adjust your P and L expectations for the short term.

What I found in my case, is that it was a trace of being over anxious to trade, which translates into discipline.

I went through, and still go through with being correct but being early and getting stopped out at a scratch or small loss.

What I have done is adjust the targets from longer time frame charts, it provides a good filter for noise and a better view of S/R for targets. IMHO.

It does sound like you are on the right track, but again don't over trade, fight the urge to have to do "something" just because the indicators line up. I hope this helps. --- Best of luck, Joe


cj060896 View Post
Why would I post answers when I don't make money? I am creating this to get people moving in the right direction. I have been experimenting with various answers to all of these questions and I am in the red.

All I know is I am focused on trading the Emini S&P 500 with Tradestation. I plan to use the Better Sin, Better Pro Am, and Better Volume indicators. I feel I am heading in the right direction and I'm looking for help fine tuning these things.

I am asking because it feels like I am always on the wrong side of the trade. I want to know if I need larger stops because it always feels like I got stopped out right before things go my way and it's always too late. I want to know if I should be using smaller profits too because it also feels like things reverse I and I usually end up with a break even trade. So I am trying to figure out if going with smaller stops and smaller losses is better (and if so how small) or if it is better to have larger stops and give my entries a chance to breathe. I have followed the 2 to 1 ratio, ect on books, but think I need advice from some actual winners that don't need to write a book to make money!


The following 2 users say Thank You to JFHughes for this post:
 
  #7 (permalink)
Trading Apprentice
Hartford/Connecticut
 
Futures Experience: Intermediate
Platform: TradeStation
Favorite Futures: ES
 
Posts: 16 since Feb 2014
Thanks: 8 given, 2 received

What did you widen to your stop too? Yes I plan to trade 1 contract for a while. Should I start with 3 ticks, 4 ticks, 5 ticks, or even more for my basic stop loss?

 
  #8 (permalink)
Elite Member
Georgia, US
 
Futures Experience: None
Platform: Various
Favorite Futures: Various
 
josh's Avatar
 
Posts: 4,897 since Jan 2011
Thanks: 5,143 given, 11,242 received


cj060896 View Post
Should I start with 3 ticks, 4 ticks, 5 ticks, or even more for my basic stop loss?

Wouldn't that depend mostly on where you enter the trade? Said another way, an answer of "use 3 ticks" or "use 20 ticks" won't mean anything without some context of your entry point.

Also, since you said you feel as if you are often on the wrong side, have you considered doing exactly the opposite of what you feel you should do? Put differently: someone else on the other side of your trade is in a winner. Why not join them?

The following 2 users say Thank You to josh for this post:
 
  #9 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,698 since Oct 2009
Thanks: 3,041 given, 4,498 received


cj060896 View Post
What did you widen to your stop too? Yes I plan to trade 1 contract for a while. Should I start with 3 ticks, 4 ticks, 5 ticks, or even more for my basic stop loss?

What is your expectation to win 3 ticks, 4 ticks, 5 ticks if you take into account 2 tick of slippage (1 at the entry and 1 at the exit) + commission at around $5 for a round trip?

The following user says Thank You to trendisyourfriend for this post:
 
  #10 (permalink)
The Bids are on the Left
Dayton, NV
 
Futures Experience: Advanced
Platform: NT 7.0
Broker/Data: AMP
Favorite Futures: ZB ZN ZF ES CL
 
JFHughes's Avatar
 
Posts: 45 since Jan 2014
Thanks: 19 given, 46 received



cj060896 View Post
What did you widen to your stop too? Yes I plan to trade 1 contract for a while. Should I start with 3 ticks, 4 ticks, 5 ticks, or even more for my basic stop loss?

CJ

As the other's stated that depends on your entry point, your profit target, risk profile and what type of strategy you are using. i.e. if you are trying to time trend reversals off of say 100 bar tic chart you better keep it fairly tight, say 4 to 6 tic's on an emini in my opinion, but if you have a huge risk tolerance and trust the set up you can get wider.

I trade reversals and break outs primarily, so what I have learned since re-entering trading is that a 4 tic stop was too close to the high or low, the markets are a bit sloppy with all the electronic trading and new people comapared to back in the day when the floor wagged the tail, everyone pretty much knew S/R levels as P and F charts were carried with your deck, since I have found it best to be 5 or 6 tic's away, as I was using 4 and was getting stopped out on winning trades. So to account for the added loss potential I just scaled back size. But risk tolerance is a relative thing, mine is not yours or vice versa. This should be addressed in your trading plan, I use very tight risk profiles in the current environment .01 and sometimes less. Having traded through the big one and survived you learn when conditions are okay to take on a larger risk profile, currently I err to smaller.

The best answer comes from an Amos Lee song, "Keep it loose... Keep it Tight..."

Best,

Joe

The following 4 users say Thank You to JFHughes for this post:

Closed Thread



futures io > > > > Daytrading the Emini S&P 500!

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
MONEYMANAGEMENT AGGRESSIVELY DAYTRADING E-MINI 500 FUTURES STEVELIMA Psychology and Money Management 15 February 19th, 2014 03:25 PM
Microsoft Is About to Dethrone Apple as the S&P 500's Power Stock Quick Summary News and Current Events 2 November 25th, 2013 01:50 AM
Why are S&P and EMini S&P COT reports so different? josh Traders Hideout 8 November 28th, 2011 08:15 PM
Info on the Emini S&P one53brooklane Emini Index Futures Trading 7 May 20th, 2011 11:56 PM
Books on Emini S&P 500 one53brooklane Traders Hideout 2 March 1st, 2011 08:01 PM


All times are GMT -4. The time now is 10:28 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-16 in 0.17 seconds with 20 queries on phoenix via your IP 54.227.51.103