(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 – 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 don’t 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.
I thought it might be a good exercise if we could get some guys to share "tomorrow's chart", in other words a chart with their projections of what price may do (or multiple scenarios) and then how they might trade them.
Mike
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
If you want to support our community, become an Elite Member.
The following user says Thank You to Big Mike for this 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.
Here is one scenario I am contemplating for tomorrow on the ES:
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).
(1) Move above today's high, trapping bulls and stopping shorts.
(2) Drop back into channel just below weekly low, trapping new shorts and stopping bulls.
(3) Re-test top of TL
(4) Move towards bottom of TL, looking to find support around 1338
Now this is too much for one day most likely, so I am looking for it to unfold over a couple of days.
Mike
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
If you want to support our community, become an Elite Member.
The following user says Thank You to Big Mike for this post:
Here is another scenario I am contemplating for ES:
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).
(1) Move lower below weekly low, trapping new shorts and stopping bulls.
(2) Move back up above today's high, trapping new bulls and stopping bears.
(3) Small retracement back to top of trendline, where we will find new buyers.
(4) Buyers carry us to new highs and head back towards a very old TL near 1385.
Mike
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
If you want to support our community, become an Elite Member.
I will try to do a better job marking up charts in relation to the time axis going forward.
Mike
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
If you want to support our community, become an Elite Member.
The move from 1370 to 1364 has been duplicated as a measured move from 1369.25 to 1362.50.
Solid Blue Lines.
The ES retraced from 1364 to 1369.
Solid Dark Red Line.
If I assume the measured move will duplicate the market will now move from
1362.50 to 1367.75 as shown on the Dashed Dark Brown line.
Then continue the measured move down to 1362 as shown with the Dashed Blue Line.
With this information and $5.00 you can get a cup of Espresso at Starbucks.
Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
The following user says Thank You to DavidHP for this post:
Broker/Data: Advantage, Trading Technologies, OptionsCity, IQ Feed
Favorite Futures: CL, NG
Posts: 1,040 since Jul 2010
Thanks: 1,713 given,
3,775
received
This obviously won't happen tomorrow but this is one potential outcome I'm watching for the ES. I personally think if it drops much further, there's a huge air pocket of no volume that could have the market drop HUGE in a very short order. Somehow news finds it's way into stuff like this so maybe we get something big announced. I say potential as there's no guarantee this can happen and is merely a potential outcome over the next few days, weeks or months. Yes, the market can crash during an election year. It's happened before.
Anyway, this is how I could see it play out. The ES has been in a balancing range for quite sometime until this past Monday. We have since dropped hard and fast down into the next balance area and have experienced rejection of price (so far) from the previous balance area's value area high (VAH). I would expect a second test of this which will send price up to test the value area low of the balance area we just fell from. I would expect rejection from there as well which should send prices down further into the lower balance area. If these levels do not hold, we will probably see a very fast drop down to the 1230 - 1240 area which is where the next large area of acceptance is.
I've said this before, the only reason why equities are where they are is because of the global central bank's injection of liquidity. If there are no more LTRO's, no additional QE's, etc. equities are literally toast and will most likely have one of the worst runs we've seen in a long time. Another crises. But it all rides on the world's central banks as the equities markets are now official drug addicts and without their drugs (QE), it becomes very very sick.
The following 6 users say Thank You to Private Banker for this post:
