Little help here please. - Emini Index Futures Trading | futures io social day trading
futures io futures trading


Little help here please.
Updated: Views / Replies:1,543 / 18
Created: by bbron Attachments:6

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

Reply
 6  
 
Thread Tools Search this Thread
 

Little help here please.

  #11 (permalink)
Elite Member
owensboro ky
 
Futures Experience: Intermediate
Platform: TOS,Sierra
Broker/Data: IB, TD
Favorite Futures: ES
 
Posts: 30 since Jul 2015
Thanks: 14 given, 3 received


Blash View Post
It helps in my view to have a plan written down of the types of trades you are going to take. It seems to me from the conversation you don't. Of course I might be wrong.

Having a Trade Plan with what you are looking for ahead of time, meaning the type of trades you will be taking the how and the why the where and when etc how much you will be risking position sizing during winning streaks and position sizing during losing streaks how you will manage the trades, this can all really help IMO.

Then, also create a quick 5 or 10 minute plan of attack each trading session in addition to the overaching comprehensive Trade Plan. This might look like ..... ES RTH opened in range (OIR, opening inside of the last trading session RTH range) with a up gap of 3 pts (close of prior RTH session to open of next RTH session). Over night high (ONH) is up 2 pts from open if ES struggles to take out ONH I will short with target of gap close.

Basically don't do anything without it all planned out ahead of time. The only mistake you will make is if you do do something that was not clearly stated in the plan.

I created a "understanding position sizing Excel sheet" and posted it in my trade journal. Of course you are more than welcome to download it and experiment with different position sizing ideas. Here is a video about it.... https://futures.io/elite-trading-journals/35004-ronald-s-trade-journal-6.html#post505984

And here is the actual Excel sheet https://futures.io/elite-trading-journals/35004-ronald-s-trade-journal-7.html#post506713

Ron

Sorry for the late reply, Looks like great advice and something I will come back to reread in the future. I cant see the links do to Im not a elite member yet.

Thanks Blash
Looking forward to your posts!
Bob

Reply With Quote
The following user says Thank You to bbron for this post:
 
  #12 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
Blash's Avatar
 
Posts: 1,560 since Nov 2011
Thanks: 4,523 given, 2,338 received
Forum Reputation: Legendary


bbron View Post
Sorry for the late reply, Looks like great advice and something I will come back to reread in the future. I cant see the links do to Im not a elite member yet.



Thanks Blash

Looking forward to your posts!

Bob


Bro I guarantee to you, becoming an Elite member here at futures.io (formerly BMT) will, number 1: be the best and wisest investment in yourself with regards to trading you can possibly make here on planet Earth, as long as you actively participate and have a sincere desire and willingness to learn and, 2: will save you a boat load of cash in both trading losses and educational information ie webinars etc.... not to mention the myriad indicators and in a one case (perhaps more) a system (Gomi) available to you.

Not to mention the fact that @Big Mike currently has only set the fee for becoming Elite at $100.00 which perhaps should/will be reevaluated once futures.io (formerly BMT) 5.0 goes live.

Take this step into your future my friend and start the long process of becoming a consistently profitable trader and uncovering all that it entails here at futures.io (formerly BMT).
Ron


Sent from my iPhone using Tapatalk

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
Reply With Quote
The following user says Thank You to Blash for this post:
 
  #13 (permalink)
Elite Member
owensboro ky
 
Futures Experience: Intermediate
Platform: TOS,Sierra
Broker/Data: IB, TD
Favorite Futures: ES
 
Posts: 30 since Jul 2015
Thanks: 14 given, 3 received



Blash View Post
Bro I guarantee to you, becoming an Elite member here at futures.io (formerly BMT) will, number 1: be the best and wisest investment in yourself with regards to trading you can possibly make here on planet Earth, as long as you actively participate and have a sincere desire and willingness to learn and, 2: will save you a boat load of cash in both trading losses and educational information ie webinars etc.... not to mention the myriad indicators and in a one case (perhaps more) a system (Gomi) available to you.

Not to mention the fact that @Big Mike currently has only set the fee for becoming Elite at $100.00 which perhaps should/will be reevaluated once futures.io (formerly BMT) 5.0 goes live.

Take this step into your future my friend and start the long process of becoming a consistently profitable trader and uncovering all that it entails here at futures.io (formerly BMT).
Ron


Sent from my iPhone using Tapatalk

Your right,Ill do it now.

Reply With Quote
The following user says Thank You to bbron for this post:
 
  #14 (permalink)
Trading Apprentice
spokane wa
 
Futures Experience: Advanced
Platform: ninjsa
Favorite Futures: es
 
Posts: 5 since Mar 2015
Thanks: 1 given, 1 received

Trading indicator website

Is there a good website someone can reccomend that teaches internal indicators directly related to ym and es?
Thanks
Dan

Reply With Quote
 
  #15 (permalink)
Trading Apprentice
St. Louis
 
Futures Experience: Beginner
Platform: thinkorswim
Favorite Futures: equity and fx futures and options
 
Leon of Pizza's Avatar
 
Posts: 29 since Sep 2013
Thanks: 6 given, 16 received

some suggestions

bbron, consider using a 2 cell grid with 2 time frames and 2 dwg sets. the larger time frame and its dwg are used to identify areas of interest. then set alerts and wait. when that area is tested, switch to the smaller time frame (15m bars) and work the wedge from there. I didn't see a wedge in 4h bars either btw. I expect an intraday wedge to set up and complete within a 4h period.

If you choose to try it out, make a written procedure and call it your mechanic. It allows you to accumulate a basket of potential areas of interest and then easily bring your focus in tighter if one sets up. It also allows you to clean up your charts, which are overdrawn imo. consider turning off drawing extensions for the ones that aren't imminently pertinent. note, the software can't correctly plot an angular object if both it's anchors aren't within the chart's time frame (more reason to keep 2 discrete dwg sets).

The example shows 2 different periods, but the intent is that they're the same.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
 
  #16 (permalink)
Elite Member
owensboro ky
 
Futures Experience: Intermediate
Platform: TOS,Sierra
Broker/Data: IB, TD
Favorite Futures: ES
 
Posts: 30 since Jul 2015
Thanks: 14 given, 3 received


Leon of Pizza View Post
bbron, consider using a 2 cell grid with 2 time frames and 2 dwg sets. the larger time frame and its dwg are used to identify areas of interest. then set alerts and wait. when that area is tested, switch to the smaller time frame (15m bars) and work the wedge from there. I didn't see a wedge in 4h bars either btw. I expect an intraday wedge to set up and complete within a 4h period.

If you choose to try it out, make a written procedure and call it your mechanic. It allows you to accumulate a basket of potential areas of interest and then easily bring your focus in tighter if one sets up. It also allows you to clean up your charts, which are overdrawn imo. consider turning off drawing extensions for the ones that aren't imminently pertinent. note, the software can't correctly plot an angular object if both it's anchors aren't within the chart's time frame (more reason to keep 2 discrete dwg sets).

The example shows 2 different periods, but the intent is that they're the same.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Sorry for my ignorance but what is "dwg"?

Reply With Quote
 
  #17 (permalink)
Trading Apprentice
spokane wa
 
Futures Experience: Advanced
Platform: ninjsa
Favorite Futures: es
 
Posts: 5 since Mar 2015
Thanks: 1 given, 1 received

Bbron

Try using the vxx as a market direction before entering a play. I use the one and five minute chart. A sharp move in vxx really helps me with confirmation of the trade for a reversal. When it blast up green market begins to drop

Reply With Quote
The following user says Thank You to graffasi for this post:
 
  #18 (permalink)
Elite Member
owensboro ky
 
Futures Experience: Intermediate
Platform: TOS,Sierra
Broker/Data: IB, TD
Favorite Futures: ES
 
Posts: 30 since Jul 2015
Thanks: 14 given, 3 received


graffasi View Post
Try using the vxx as a market direction before entering a play. I use the one and five minute chart. A sharp move in vxx really helps me with confirmation of the trade for a reversal. When it blast up green market begins to drop

Great advice, thanks!

Reply With Quote
 
  #19 (permalink)
Trading Apprentice
spokane wa
 
Futures Experience: Advanced
Platform: ninjsa
Favorite Futures: es
 
Posts: 5 since Mar 2015
Thanks: 1 given, 1 received

Bbron

shoot me an email or private message. I can tell you some things that have helped me

Reply With Quote

Reply



futures io > > > > Little help here please.

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     


All times are GMT -4. The time now is 12:29 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 2017-12-12 in 0.12 seconds with 19 queries on phoenix via your IP 54.145.16.43