The Italian Job - Traders Hideout | futures io social day trading
futures io futures trading


The Italian Job
Updated: Views / Replies:71,997 / 667
Created: by redratsal Attachments:31

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
 31  
 
Thread Tools Search this Thread
 

The Italian Job

  #121 (permalink)
Elite Member
Milan (I)
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: Kinetick
Favorite Futures: FDAX,6E,CL,YM,NQ,ES
 
redratsal's Avatar
 
Posts: 1,653 since Oct 2010
Thanks: 1,217 given, 2,067 received

1 contract trade over 6E, target near vwap and S +250 USD
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
 
  #122 (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: 3,697 since Oct 2009
Thanks: 3,041 given, 4,496 received


redratsal View Post
...With regards to trend following strategies they occur less often and therefore you don't want to miss the opportunity, you need to be ahead of market, whereas in counter trends the action already occured, it's rather a question of timing. ...

It depends how you define a trend but to exploit a counter trend trade you need first a trend up or down. Thinking counter trend trades are more frequent is subjective. Yin, Yang, Valleys, Peaks, counter trends, trends etc. it's all linked. I would rather think that it is more frequent to see a move a 100 ticks with the trend than a move of 100 ticks against the trend. What you call a counter trend trade i might call it a small trending segment. See chart included.

Attached Thumbnails
The Italian Job-6e_scaling_technique.jpg  
Reply With Quote
The following user says Thank You to trendisyourfriend for this post:
 
  #123 (permalink)
Elite Member
Milan (I)
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: Kinetick
Favorite Futures: FDAX,6E,CL,YM,NQ,ES
 
redratsal's Avatar
 
Posts: 1,653 since Oct 2010
Thanks: 1,217 given, 2,067 received



trendisyourfriend View Post
It depends how you define a trend but to exploit a counter trend trade you need first a trend up or down. Thinking counter trend trades are more frequent is subjective. Yin, Yang, Valleys, Peaks, counter trends, trends etc. it's all linked. I would rather think that it is more frequent to see a move a 100 ticks with the trend than a move of 100 ticks against the trend. What you call a counter trend trade i might call it a small trending segment. See chart included.


I cannot judge and comment a method with just one example, you can make 100 ticks wih just one move or with 10 moves of 10 ticks, in both cases if you are successful your pnl will be almost the same, I don't look at the performance of a single trade but rather at the pnl at the end of the journey.

Reply With Quote
 
  #124 (permalink)
Elite Member
Milan (I)
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: Kinetick
Favorite Futures: FDAX,6E,CL,YM,NQ,ES
 
redratsal's Avatar
 
Posts: 1,653 since Oct 2010
Thanks: 1,217 given, 2,067 received

This was the last trade of the day with 7 long contracts over CL, target on R +1210 USD. In the image the shorts have reached the floor of the downtrend when the gomcd became neutral and with a few delta values it jumped 65 pips, from my reading it was a clear sign that the shorts were not interested in this leg and let it run up. My thoughts were confirmed by the break upward of the TL.

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

Reply With Quote
The following user says Thank You to redratsal for this post:
 
  #125 (permalink)
Elite Member
Milan (I)
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: Kinetick
Favorite Futures: FDAX,6E,CL,YM,NQ,ES
 
redratsal's Avatar
 
Posts: 1,653 since Oct 2010
Thanks: 1,217 given, 2,067 received

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

Reply With Quote
 
  #126 (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: 3,697 since Oct 2009
Thanks: 3,041 given, 4,496 received


redratsal View Post
I cannot judge and comment a method with just one example, you can make 100 ticks wih just one move or with 10 moves of 10 ticks, in both cases if you are successful your pnl will be almost the same, I don't look at the performance of a single trade but rather at the pnl at the end of the journey.

redratsal,

I am not sure i follow your thoughts on this last comment. I just wanted to stress the fact that Trend and counter-trend go hand in hand. You can't have one side more dominant as you wrote here "With regards to trend following strategies they occur less often and therefore you don't want to miss the opportunity". For each counter-trend trade, there is a trend trade. As you can see that was not about a specific method or approach or pnl.

Reply With Quote
 
  #127 (permalink)
Elite Member
Milan (I)
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: Kinetick
Favorite Futures: FDAX,6E,CL,YM,NQ,ES
 
redratsal's Avatar
 
Posts: 1,653 since Oct 2010
Thanks: 1,217 given, 2,067 received

First trade of the day 6E 3 contracts, target between vwap and S +412 USD
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
 
  #128 (permalink)
Elite Member
Milan (I)
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: Kinetick
Favorite Futures: FDAX,6E,CL,YM,NQ,ES
 
redratsal's Avatar
 
Posts: 1,653 since Oct 2010
Thanks: 1,217 given, 2,067 received

This is a nice short trade with CL 1 contract +456 USD. Normally I would have put the target on the Vwap but I noticed a possibility on the GomCD; beeing the TL on the Vwap I waited to check if some shorts would show up and pierce the vwap on a down trend. The longs closed their position, gomcd moved 1000 values without changing price (no shorts interested at that moment). As soon as the shorts came in there were no more longs interested and the price move 50 and more pips down.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


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

Reply With Quote
The following 2 users say Thank You to redratsal for this post:
 
  #129 (permalink)
Elite Member
Milan (I)
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: Kinetick
Favorite Futures: FDAX,6E,CL,YM,NQ,ES
 
redratsal's Avatar
 
Posts: 1,653 since Oct 2010
Thanks: 1,217 given, 2,067 received

Another trade with CL 1 contract. I decided to anticipate the short entry on the 2sd as 94 was an important resistance level, the market retraced very fast +226 USD
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
 
  #130 (permalink)
Elite Member
Milan (I)
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: Kinetick
Favorite Futures: FDAX,6E,CL,YM,NQ,ES
 
redratsal's Avatar
 
Posts: 1,653 since Oct 2010
Thanks: 1,217 given, 2,067 received

Reversal


This is a reversal example with CL. The short entry was, as usual, on the vwap upper 2sd, the market after breaking the 94 level went strongly against the trade. After scaling 8 contracts and with a MAE close to the stop management I waited for a retracement and reversed the trade loss - 1500 USD

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


Without the reversal the stop management (5000 USD) at 95 would have been hit

Reply With Quote
The following 4 users say Thank You to redratsal for this post:

Reply



futures io > > > The Italian Job

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
Is Italian Bond Selloff Becoming Self-Fulfilling? Quick Summary News and Current Events 1 August 3rd, 2011 05:59 AM
Italian Banks Slump After Bond Purchase Report Quick Summary News and Current Events 0 July 27th, 2011 07:10 AM
Italian Traders Subforum Big Mike Italian Traders 0 October 28th, 2010 12:56 AM


All times are GMT -4. The time now is 08:47 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 2017-12-13 in 0.17 seconds with 20 queries on phoenix via your IP 54.160.245.121