Trades from 6/26/2012 - MTPredictor | futures io social day trading
futures io futures trading


Trades from 6/26/2012
Updated: Views / Replies:1,316 / 4
Created: by sdonahue 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
 
Thread Tools Search this Thread
 

Trades from 6/26/2012

  #1 (permalink)
Elite Member
Camas, WA
 
Futures Experience: Advanced
Platform: MTPredictor, NinjaTrader, MultiCharts
Broker/Data: Mirus/Zen-Fire, MBTrading, thinkorswim, IQFeed (Data)
Favorite Futures: US E-mini's, Currency Futures, Forex
 
Posts: 31 since Sep 2009
Thanks: 6 given, 72 received

Trades from 6/26/2012

Here's how I personally played the day so far. All of my trades have been on the NQ, with the exception of one pyramided position added on the YM based on some correlated intermarket analysis. I will post an update later with the final result of how it all plays out and based on how I manage the currently open positions.

My analysis and comments on how I viewed the market today is on the attached chart. You'll note that it incorporates a number of concepts that John and Steve review regularly such as the opening gap tendencies, multi-timeframe analysis, and using correlated markets to add additional weight or confirmation, and even pyramid, with a position in another market, which is generally how I look to trade.

[Edit: Just replaced the .gif with .png since it was showing a black background and was hard to see]

Attached Thumbnails
Trades from 6/26/2012-mtp-us-e-mini-06262012.png  
Reply With Quote
The following 3 users say Thank You to sdonahue for this post:
 
  #2 (permalink)
Elite Member
Camas, WA
 
Futures Experience: Advanced
Platform: MTPredictor, NinjaTrader, MultiCharts
Broker/Data: Mirus/Zen-Fire, MBTrading, thinkorswim, IQFeed (Data)
Favorite Futures: US E-mini's, Currency Futures, Forex
 
Posts: 31 since Sep 2009
Thanks: 6 given, 72 received

Here is a screenshot of the current positions as they stand at the moment on the NQ and the YM and the rationale for the added position on the YM.

Attached Thumbnails
Trades from 6/26/2012-mtp-us-e-mini-06262012-2.png  
Reply With Quote
The following 2 users say Thank You to sdonahue for this post:
 
  #3 (permalink)
Elite Member
Camas, WA
 
Futures Experience: Advanced
Platform: MTPredictor, NinjaTrader, MultiCharts
Broker/Data: Mirus/Zen-Fire, MBTrading, thinkorswim, IQFeed (Data)
Favorite Futures: US E-mini's, Currency Futures, Forex
 
Posts: 31 since Sep 2009
Thanks: 6 given, 72 received


Here is the result of the earlier trades on how I chose to manage them into the close. The result on the two was a total of +5.7R, for a total of +7.3R on the day including transaction costs.

I will note that the total gain of +7.3 for the day is not quite twice the total worst case risk taken on the day of -4R, assuming all trades were losing trades.

In a nutshell, it's a nice profit for the day, but is somewhat on the "inefficient" side in terms of being measured against the risk required to obtain it. Either way, no complaints.

Attached Thumbnails
Trades from 6/26/2012-mtp-us-e-mini-06262012-3.png  
Reply With Quote
The following 3 users say Thank You to sdonahue for this post:
 
  #4 (permalink)
Trading Apprentice
Little Rock, AR
 
Futures Experience: Beginner
Platform: MTPredictor
Favorite Futures: Futures
 
Posts: 3 since Mar 2012
Thanks: 0 given, 1 received

15 Min Chart?

Shawn, if you get a chance, could you post your 15 min analysis. I was looking at the same NQ long that you were, but I was confused on the 15 min charts so didn't take the trade. I think I was looking at the same daily analysis that you were, just getting to W2 or b support. The 60 minute was also showing a long TS3. But I couldn't make sense of the 15 minute charts. My trading plan keeps me from trading if I can't make sense out of my analysis, although the VSA's on the 15 min and 3 min almost convinced me to take it anyway.

Reply With Quote
 
  #5 (permalink)
Elite Member
Camas, WA
 
Futures Experience: Advanced
Platform: MTPredictor, NinjaTrader, MultiCharts
Broker/Data: Mirus/Zen-Fire, MBTrading, thinkorswim, IQFeed (Data)
Favorite Futures: US E-mini's, Currency Futures, Forex
 
Posts: 31 since Sep 2009
Thanks: 6 given, 72 received

Hi John,

You're absolutely right that the 15m charts were a little bit tricky yesterday, and it's a very good rule to be cautious or even refrain when things are not as clear as you personally would like to see.

In the case of the US e-mini's, the RTH 15m charts were not quite as clear as I would like to see. What I had going there was the gap fill at potential daily support with the tendency to move in the other direction, along with the YM nearly coming to 15m DP support, and the TF making a nice move and reversal into 15m DP support.

The ETH charts, which I also keep handy and look at when the RTH is not particularly clear, were much clearer, with all 4 markets largely coming out of a period of overnight consolidation ("basing") after the big gap down into Monday, followed by a sharp break down into 15m DP support there, along with VSA spikes lending support to potential professional buying at those levels. This type of new vigorous break to new highs and lows following an already big move is very often telegraphed professional activity to shake out the "weak hands", in this case, longs who couldn't stand the pain of holding on to a losing position, and so they liquidiated at favorable prices to the professionals wanting to add to a long position at favorable prices to bid the market higher.

I've attached a screenshot of the NQ 15m ETH, and the other markets were behaving similarly at that time. Make no mistake about it, it was definitely a little bit tricky, so having the discipline to stand aside when it's not clear to you personally is good trading.

The longer you spend time in the markets, the more you will begin to see things unfold again and again and you will really begin to get a feel for the tempo, pace, and behavior of the markets as they unfold in real time, so you will gain more confidence when you begin to see certain things, and you will begin to perceive more in general.

In general, I try to look at the "whole picture" to try and build my overall bias or read on the day, and when it works, you capitalize on the profitable trades, and when it doesn't, you trade conservatively and manage to small losses.

Hopefully this helps-

Attached Thumbnails
Trades from 6/26/2012-mtp-us-e-mini-06262012-15mnqeth.png  
Reply With Quote
The following 3 users say Thank You to sdonahue for this post:

Reply



futures io > > > > Trades from 6/26/2012

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
Chip's 2012 chipotlebop Trading Journals 15 March 13th, 2012 12:31 AM
ARMAGEDDON 2012 dee50 Off-Topic 0 November 28th, 2011 02:12 PM
26 terabits per second Gary Off-Topic 0 May 23rd, 2011 03:23 PM
MACD: The 12-period (EMA) minus 26 EMA emini_Holy_Grail Traders Hideout 1 February 22nd, 2010 01:04 PM


All times are GMT -4. The time now is 01:11 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 2017-12-14 in 0.11 seconds with 20 queries on phoenix via your IP 54.234.255.29