follow the professionals - Traders Hideout | futures io social day trading
futures io futures trading


follow the professionals
Updated: Views / Replies:9,770 / 44
Created: by Silvester17 Attachments:12

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
 12  
 
Thread Tools Search this Thread
 

follow the professionals

  #1 (permalink)
Market Wizard
Columbus, OH
 
Futures Experience: None
Platform: NT 8, TOS
Favorite Futures: ES
 
Silvester17's Avatar
 
Posts: 3,332 since Aug 2009
Thanks: 4,579 given, 10,313 received

follow the professionals

lately I have seen many posts about following the pros and the smart money. not an easy task. when there's big activity, it's more than likely that pros are on both sides (buyer and seller). and not to forget there are different kind of pros, like the speculators and the hedgers. both can produce high volume, but with different objectives. another problem is how do they execute their orders. do they have resting orders or do they hit bid and ask. the answer is likely both.

one thing I feel pretty much useless is watching the DOM. you see a big block on the offer, conclusion the market is going to drop because there's a big seller. all the sudden that block is gone and the market moves higher. a very old trick, but still works. watching time and sales on the other hand will show you very important information. but I'm getting tired doing that for a long time.

so I prefer to watch the entire volume:

- how much volume did it take for a certain range.
- increased volume can indicate reversal points.
- volume based MA's can show S / R lines.

Attached Thumbnails
follow the professionals-es-06-10-4_1_2010-pnf-4-ticks-.jpg  
Reply With Quote
 
  #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
san ramon
 
Futures Experience: Beginner
Platform: ninja
Broker/Data: zen
Favorite Futures: es, 6e
 
Posts: 136 since Oct 2009
Thanks: 98 given, 73 received



Silvester17 View Post

so I prefer to watch the entire volume:

- how much volume did it take for a certain range.
- increased volume can indicate reversal points.
- volume based MA's can show S / R lines.

do you have explanations how to read the attached chart?..... .......thanks, zikonc

Reply With Quote
 
  #4 (permalink)
Market Wizard
Columbus, OH
 
Futures Experience: None
Platform: NT 8, TOS
Favorite Futures: ES
 
Silvester17's Avatar
 
Posts: 3,332 since Aug 2009
Thanks: 4,579 given, 10,313 received


zikonc View Post
do you have explanations how to read the attached chart?..... .......thanks, zikonc

1.) the PnF bars are helping to find a breakout

2.) it's difficult to see here. the trend was still up, but the down volume started to increase.
sign of possible reversal

3.) the VWTPO is a good indication for a pullback

Attached Thumbnails
follow the professionals-2010-04-02_0037.png  
Reply With Quote
The following 2 users say Thank You to Silvester17 for this post:
 
  #5 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,354 given, 83,237 received

Silvester,

Can you post the VWTPO? I'm interested in trying to convert it to EasyLanguage for MultiCharts.

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.

Reply With Quote
 
  #6 (permalink)
Market Wizard
Columbus, OH
 
Futures Experience: None
Platform: NT 8, TOS
Favorite Futures: ES
 
Silvester17's Avatar
 
Posts: 3,332 since Aug 2009
Thanks: 4,579 given, 10,313 received


Big Mike View Post
Silvester,

Can you post the VWTPO? I'm interested in trying to convert it to EasyLanguage for MultiCharts.

Mike

thanks goes to cory. the indicator is in the download section.

https://futures.io/free_downloads/ninjatrader/indicators/305-download.html?view

Reply With Quote
The following user says Thank You to Silvester17 for this post:
 
  #7 (permalink)
Elite Member
san ramon
 
Futures Experience: Beginner
Platform: ninja
Broker/Data: zen
Favorite Futures: es, 6e
 
Posts: 136 since Oct 2009
Thanks: 98 given, 73 received

thanks ........... i have volume sum on ZigZag indicator....basically it sums the volume of all the bars in the run......I think attaching volume accumulation to some sort of oscillator would give volume info sooner.......

Attached Thumbnails
follow the professionals-vol.png  
Reply With Quote
 
  #8 (permalink)
Just starting out...
Arizona
 
Futures Experience: Intermediate
Platform: TOS
Favorite Futures: NQ
 
pmccandless's Avatar
 
Posts: 14 since Apr 2010
Thanks: 0 given, 16 received

I like ur thinking. We have sort of the same style. Good stuff.

Reply With Quote
The following user says Thank You to pmccandless for this post:
 
  #9 (permalink)
Market Wizard
Columbus, OH
 
Futures Experience: None
Platform: NT 8, TOS
Favorite Futures: ES
 
Silvester17's Avatar
 
Posts: 3,332 since Aug 2009
Thanks: 4,579 given, 10,313 received

what are the pros doing now?

what is the market (ES) doing next? the pros going long or short?

according to the action we have seen the last few days, it looks like they will be LONG!

target around the 1220 area.

Reply With Quote
 
  #10 (permalink)
Elite Member
san ramon
 
Futures Experience: Beginner
Platform: ninja
Broker/Data: zen
Favorite Futures: es, 6e
 
Posts: 136 since Oct 2009
Thanks: 98 given, 73 received



Silvester17 View Post
what is the market (ES) doing next? the pros going long or short?

according to the action we have seen the last few days, it looks like they will be LONG!

target around the 1220 area.

it certainly looks like that.................although I would not be surprised if we test 50s and 60s just a little more

Reply With Quote

Reply



futures io > > > follow the professionals

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
Institutional levels used by professionals aligator Commodities Futures Trading 24 June 30th, 2011 11:11 PM
Wednesday: Stocks, Bonds Could See Follow-Through Quick Summary News and Current Events 0 August 18th, 2010 12:51 AM


All times are GMT -4. The time now is 04:11 AM.

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 2017-12-17 in 0.12 seconds with 20 queries on phoenix via your IP 54.227.51.103