My (incomplete) ES intraday trend trading system - Emini Index Futures Trading | futures io social day trading
futures io futures trading


My (incomplete) ES intraday trend trading system
Updated: Views / Replies:3,142 / 23
Created: by JACKATK Attachments:4

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
 4  
 
Thread Tools Search this Thread
 

My (incomplete) ES intraday trend trading system

  #1 (permalink)
Elite Member
London
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Emini ES
 
Posts: 25 since May 2016
Thanks: 13 given, 28 received

My (incomplete) ES intraday trend trading system

Hi All,

I'm a brand new member. Thought I'd share where I'm at with my strategy development. I hope you guys can contribute any ideas so please comment away.

The idea is to catch some decent intraday trends using only price action and 50 period EMA on my entry/exit chart.

I'll be using a 20000 tick chart to gauge trend direction and a 500 tick chart for entries/exits. In a nutshell I've developed my own spin on Sam Seiden's supply and demand strategy from watching the ES for countless hours. Sam says when you see a rally base rally wait for price to return to the base area to enter long. My spin on this is to see the rally (on the 20000 tick chart), wait for the base to form and then enter within that base area (500 tick chart) for a breakout to the upside and the next leg of the move. This same pattern can obviously be played on the short side too with a drop base drop. Hope all this makes sense.

Entries have to be taken with a buy or sell stop market order.

The EMA is so I only buy above or short below it. The idea is that it signals that the next leg of the move is about to begin.

The strategy works great on trend days and reasonable sized range days but I still need to work on staying out of the market during tight choppy days. This is a question of personal discipline which I'm working on at the moment.

Also, When I catch a big winner it normally turns into a loser because I have no exit strategy. Any ideas are welcome. I really need to maximise my winners because trading the 500 tick chart obviously leads to many small losses.

I've attached some images of two set-ups that occurred recently long and short (16th and 17th May).

Look forward to hearing your comments!

P.S. I'm still demo trading but have a NT account funded, but I'm not going to trade live until I'm sure I've got this system nailed

Attached Thumbnails
My (incomplete) ES intraday trend trading system-16th-may-long-20000tick.png   My (incomplete) ES intraday trend trading system-16th-may-long-500tick.png   My (incomplete) ES intraday trend trading system-17th-may-short-20000tick.png   My (incomplete) ES intraday trend trading system-17th-may-short-500tick.png  
Reply With Quote
The following user says Thank You to JACKATK for this post:
 
  #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
New York, New Jersey/USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Futures
 
Seahn's Avatar
 
Posts: 157 since Jan 2013
Thanks: 60 given, 250 received



JACKATK View Post
The strategy works great on trend days and reasonable sized range days but I still need to work on staying out of the market during tight choppy days. This is a question of personal discipline which I'm working on at the moment.

The above is the crux of the problem. Trend trading the ES intraday is very difficult to do unless you are very experienced at reading the price action at multiple levels. Typically the ES is range bound about 75-80% or more of the time. You need to use discretion to tell you when to stay out of the market. If you are too conservative you will miss a lot of big winners, too eager and you will get chopped to pieces. Its a very fine line to walk because when trend trading a few big winners make the difference between a profitable and losing trading system.

Not to discourage what you are doing, I myself have given up on trend trading and am happy taking 2-4 points at a time from the ES. Every so often I stumble into a good trend and ride it as long as possible but I do not count on it on a consistent basis.

Everyone is different so trend trading may suit you just fine but do not expect much more than a 40 percent win rate if you are very good.

Reply With Quote
 
  #4 (permalink)
Elite Member
London
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Emini ES
 
Posts: 25 since May 2016
Thanks: 13 given, 28 received


Seahn View Post
The above is the crux of the problem. Trend trading the ES intraday is very difficult to do unless you are very experienced at reading the price action at multiple levels. Typically the ES is range bound about 75-80% or more of the time. You need to use discretion to tell you when to stay out of the market. If you are too conservative you will miss a lot of big winners, too eager and you will get chopped to pieces. Its a very fine line to walk because when trend trading a few big winners make the difference between a profitable and losing trading system.

Not to discourage what you are doing, I myself have given up on trend trading and am happy taking 2-4 points at a time from the ES. Every so often I stumble into a good trend and ride it as long as possible but I do not count on it on a consistent basis.

Everyone is different so trend trading may suit you just fine but do not expect much more than a 40 percent win rate if you are very good.

Thanks for the advice Seahn. Is there a liquid futures market you can recommend that would be better suited to my methodology? CL's out the question I'm starting with $7.5k

Reply With Quote
 
  #5 (permalink)
Elite Member
New York, New Jersey/USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Futures
 
Seahn's Avatar
 
Posts: 157 since Jan 2013
Thanks: 60 given, 250 received


JACKATK View Post
Thanks for the advice Seahn. Is there a liquid futures market you can recommend that would be better suited to my methodology? CL's out the question I'm starting with $7.5k

I don't really know if such a futures market exists. The more liquid the market is the more range bound and choppy it will be in general. That is because liquidity equals more participants which means more differing opinions and more back and forth trading.

Honestly with only $7.5K you should really not be considering futures at all, you can lose that in a few months if not careful. I suggest you stay with ETFs such as SPY until you have more capital and experience. Find a low cost equity broker such as Interactive Brokers ($1 per trade) and trade that for a while, it just like trading the ES but you are risking a lot less per trade.

Reply With Quote
The following user says Thank You to Seahn for this post:
 
  #6 (permalink)
Elite Member
London
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Emini ES
 
Posts: 25 since May 2016
Thanks: 13 given, 28 received


Seahn View Post
I don't really know if such a futures market exists. The more liquid the market is the more range bound and choppy it will be in general. That is because liquidity equals more participants which means more differing opinions and more back and forth trading.

Honestly with only $7.5K you should really not be considering futures at all, you can lose that in a few months if not careful. I suggest you stay with ETFs such as SPY until you have more capital and experience. Find a low cost equity broker such as Interactive Brokers ($1 per trade) and trade that for a while, it just like trading the ES but you are risking a lot less per trade.

I'm gonna build my discipline and carefully pick my battles, no more than 3 trades a week. I'll keep everyone updated with my progress.

Thanks again for your advice Seahn

Reply With Quote
 
  #7 (permalink)
Elite Member
Texas, USA
 
Futures Experience: Intermediate
Platform: X_TRADER Pro, Custom
Broker/Data: NxCore
Favorite Futures: Futures, Spreads
 
Hulk's Avatar
 
Posts: 215 since May 2014
Thanks: 509 given, 474 received


JACKATK View Post

Also, When I catch a big winner it normally turns into a loser because I have no exit strategy. Any ideas are welcome.

You might want to try keeping track of the daily (weekly, monthly?) ranges when "trend" trading depending upon your trade duration. If you are day trading, knowing when the current day's range is close to the average daily range will help making an exit decision. Keep your exits closer to these ranges and it might help prevent those winners from turning into losers or scratches. Along the same lines, you might want to stay away from entering a trade and looking for a "trend" that day if you are closer to these ranges, for instance, if there was a big run overnight or right when you start your day and you miss it.


JACKATK View Post

This is a question of personal discipline which I'm working on at the moment.

Since you are just starting out, you will most likely ignore most advice directed your way that you do not like or that seems irrelevant to you but I hope you remember (and do something about it) that it is true in trading as it is true in life that you are your own worst enemy. You don't need a great system to succeed as much as you need a great you!


Last edited by Hulk; May 30th, 2016 at 01:23 PM.
Reply With Quote
The following user says Thank You to Hulk for this post:
 
  #8 (permalink)
Elite Member
Leeds UK
 
Futures Experience: Intermediate
Platform: FXTrade
Broker/Data: Interactive Brokers, CapitalSpreads, Oanda
Favorite Futures: GBP/USD
 
Tymbeline's Avatar
 
Posts: 393 since Apr 2015
Thanks: 870 given, 475 received


JACKATK View Post
Is there a liquid futures market you can recommend that would be better suited to my methodology? CL's out the question I'm starting with $7.5k


I know you weren't asking me but I'm wondering whether NQ might be more suitable than ES, for your purposes? It often moves a bit more than ES.

It also has the added advantage, to someone with $7.5k, of being only $5 per tick instead of $12.50. (I'd think that's quite a significant point, actually? It's kind of debatable whether one can/should be trading futures at all, with $7.5k?).

Reply With Quote
The following 2 users say Thank You to Tymbeline for this post:
 
  #9 (permalink)
Elite Member
London
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Emini ES
 
Posts: 25 since May 2016
Thanks: 13 given, 28 received


Hulk View Post
You might want to try keeping track of the daily (weekly, monthly?) ranges when "trend" trading depending upon your trade duration. If you are day trading, knowing when the current day's range is close to the average daily range will help making an exit decision. Keep your exits closer to these ranges and it might help prevent those winners from turning into losers or scratches. Along the same lines, you might want to stay away from entering a trade and looking for a "trend" that day if you are closer to these ranges, for instance, if there was a big run overnight or right when you start your day and you miss it.

That's very good advice, thank you.


Hulk View Post
You don't need a great system to succeed as much as you need a great you!

Can you elaborate on this more? Do you mean a great system is useless if you don't execute it perfectly/professionally?

Reply With Quote
 
  #10 (permalink)
Elite Member
London
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Emini ES
 
Posts: 25 since May 2016
Thanks: 13 given, 28 received


Ha, your from Leeds! I was up there last month for a weekend. Very nice city.


Tymbeline View Post
I know you weren't asking me but I'm wondering whether NQ might be more suitable than ES, for your purposes? It often moves a bit more than ES.

It also has the added advantage, to someone with $7.5k, of being only $5 per tick instead of $12.50. (I'd think that's quite a significant point, actually? It's kind of debatable whether one can/should be trading futures at all, with $7.5k?).

That's a very significant point. I'm going to backtest my entry system on the NQ this evening. Thanks.

Have you ever known or heard of anyone with such a small account become profitable? If it's not rude to ask... How much did you need to become profitable?

Reply With Quote

Reply



futures io > > > > My (incomplete) ES intraday trend trading system

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

Dec 7

Linda Bradford Raschke: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
ES Trading System - how to improve it? AliMax Emini Index Futures Trading 10 March 6th, 2017 08:34 PM
Requesting help using MC MA Ribbon indicator to define trend in a trading system gpw797 EasyLanguage Programming 3 February 8th, 2017 01:01 AM
Building Blocks of a Trading System (1) - Trend Filter Fat Tails Elite Automated Trading 31 December 21st, 2015 11:55 AM
Differences between SPY and ES Intraday Trading mnwind Emini Index Futures Trading 22 December 13th, 2015 12:17 AM
Fibonacci trading system for the ES Lmess Emini Index Futures Trading 82 March 9th, 2012 02:25 PM


All times are GMT -4. The time now is 10:00 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 2017-11-21 in 0.15 seconds with 20 queries on phoenix via your IP 54.81.139.56