hypothetical Scenario - 1 indicator, 1 setup. - Psychology and Money Management | futures io social day trading
futures io futures trading

hypothetical Scenario - 1 indicator, 1 setup.
Updated: Views / Replies:2,825 / 15
Created: by sidney7g Attachments:3

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

Thread Tools Search this Thread

hypothetical Scenario - 1 indicator, 1 setup.

  #11 (permalink)
Elite Member
Futures Experience: Beginner
Platform: ninjatrader
Broker/Data: amp/cqg
Favorite Futures: cl
mxphytlx's Avatar
Posts: 27 since Apr 2010
Thanks: 707 given, 9 received

average per day

ThatManFromTexas View Post
With 5 tick range bars on TF about 10-15 times on a "normal" day.

so you are averaging 50 to 75 ticks profit per day?

Reply With Quote
  #12 (permalink)
Elite Member
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: 3,715 since Oct 2009
Thanks: 3,064 given, 4,539 received

... If you were forced at gun point to trade using only one Indicator you felt had the most statistical advantage to you, which would you use? ...

Many indicators can do a decent job provided you know where you want to make business on a chart. A trading system using two moving averages can provide a viable solution when they cross each other but again provided it's done where demand meets supply in greater quantity or vice versa where supply meets demand in greater quantity. You will often hear the expression location-location-location. This variable i call location should not be underestimated. You should find a way to identify where key changes in supply and/or demand occur on a chart and test your indicator at these junctures. An indicator usually performs much better when price visits a prior qualified level of demand or supply.

Do you need an indicator to see these levels other than price alone, i'd say a big NO, you don't. Key changes in demand and supply occur where a change of volatility can be identified or when a market gets out of balance. These areas are where you want to make business.

Failling to qualify these areas as valid zones of demand and/or supply is an error too often seen in my opinion. So your first quest might be to improve your ability to detect such key changes in demand and supply on a chart.

Once you have identified where you too want to make business then adding an indicator to the equation can help you systemize an approach to take advantage of the remaining demand or supply left in the area in question.

All this to say, focus first your attention on the developing market context where key market participants have opened positions or are closing their positions then wait for price to vist these regions before considering trading. You may find this appoach slow as it is a reactionary (extremely conservative) or passive approach but this is a path that delivers high probability trade setups with high reward.

Reply With Quote
The following 2 users say Thank You to trendisyourfriend for this post:
  #13 (permalink)
Elite Member
Futures Experience: Intermediate
Platform: rolling my own
Favorite Futures: ES,CL,GC,6E
GoldStandard's Avatar
Posts: 211 since Oct 2009
Thanks: 326 given, 188 received

Composite volume profile.

Reply With Quote
  #14 (permalink)
Membership Revoked
Oslo, Norway
Futures Experience: Advanced
Platform: CQG, Excel
Favorite Futures: CL
Lornz's Avatar
Posts: 1,198 since Apr 2010
Thanks: 500 given, 1,238 received

My spreadsheet...

Reply With Quote
  #15 (permalink)
Membership Temporarily Revoked
Currently Inactive
Futures Experience: None
Platform: None
Broker/Data: None
Favorite Futures: None
Posts: 25 since Aug 2011
Thanks: 9 given, 8 received

sidney7g View Post

If you were forced at gun point to trade using only one Indicator you felt had the most statistical advantage to you, which would you use? If you had to use only one reoccurring setup or pattern to profit from with this indicator, which would it be? You can decide not to use an indicator but you still need a setup with some guidelines. You cannot use news releases or any outside fundamental information. You can only use one contract per trade and each trade cannot last over 30 minutes.

I'd appreciate it if you can include a picture of the setup or indicator. If you choose to back-test your strategy please post some statistics or log of trades.

Please refrain from digressing into any debate over the necessity of several indicators, this being holy grail searching, or any other problems/issues with this scenario outside of the specific question asked.

Thank you for your cooperation.

IF and only IF you have a gun pointed to my head

I would use the adaptable length regression tools that I created in an effort to automate. But they just don't match what you can do with a naked chart just reading the bars.

Favorite setup would be the European open trade combo usually with the e/u and 2 other pairs. But seriously, the market varies the approach to trip up the indicators.

Reply With Quote
  #16 (permalink)
Elite Member
Wauseon, Ohio
Futures Experience: Intermediate
Platform: NinjaTrader, Thinkorswim
Broker/Data: thinkorswim / PFGBest
Favorite Futures: ETFs
Posts: 63 since Jan 2011
Thanks: 19 given, 41 received

Only 1?

A custom built TSI indicator. I'm not disciplined enough to use too many different indicators.

Reply With Quote


futures io > > > hypothetical Scenario - 1 indicator, 1 setup.

Thread Tools Search this Thread
Search this Thread:

Advanced Search

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

Wyckoff Hunting for Great Risk/Reward Ratio w/Gary Fullett

Elite only

Digging into the Details of iSystems w/Stage 5 & iSystems

Jun 5

Similar Threads
Thread Thread Starter Forum Replies Last Post
One Recovery Scenario Very Much Favors Stock Market Quick Summary News and Current Events 0 May 17th, 2011 06:30 PM
Trade Setup - Indicator ArtCole NinjaTrader 3 February 28th, 2011 10:17 PM
The Diet Cola Scenario nanobiotech Off-Topic 18 January 7th, 2011 02:23 AM
Volume trading - fictive scenario trendisyourfriend The Elite Circle 6 December 16th, 2010 04:16 PM
ES hypothetical scenario - stop at break even at +1 tick trendisyourfriend Emini Index Futures Trading 8 September 1st, 2010 02:17 AM

All times are GMT -4. The time now is 02:43 PM.

Copyright © 2018 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 2018-05-23 in 0.10 seconds with 20 queries on phoenix via your IP