(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 100,000 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.
Favorite Futures: Index,Currency and Energy futures
Posts: 1,705 since Jan 2010
Thanks: 507 given,
6,269
received
THe above is correct. Attached is a diagram. Because we are using Range bars, it is sometimes difficult to see a FULL break of the EMA 5 so that a break or touch is considered the same. i.e. Less than or equal, or greater than or equal.
I hope this helps, as it is really very simple
The following 6 users say Thank You to perryg for this post:
Big Big Thank You to You Perry! Mystery solved .. Hurrah!
Yes, sometimes very very simple things "look" intimidating when they're too simple I guess. FYI: I asked my husband (who's Canadian German) how he interpreted the "less than" rule and he's not sure. I better sought your advice as I want to get it 100% right.
Now I will resume getting used with the set up and be Successful - great news! Thanks to you of course!
I remember reading one of your older posts where it said you look at multiple instruments.
Aside from the actual mechanics of your setup, is there a criteria for choosing the instrument you trade on a given day? In addition, just wondering if range bar size falls into this decision making process.
Sometimes particular instruments look choppy for the whole day.
Thanks again for introducing this interesting approach.
Favorite Futures: Index,Currency and Energy futures
Posts: 1,705 since Jan 2010
Thanks: 507 given,
6,269
received
I trade the same instruments every day, on the same range bars. Do not change anything. Only look for entries according to the rules. Life has to be simple.
The following 2 users say Thank You to perryg for this post:
Thanks for the additional tips today. I am thrilled that I now understand the ADX/+-DI lines!
Need to pick your brains please. After reading your threads a few times, I do not recall seeing your trading hours. My warmest apologies if I missed it.
May I have a better idea on your trading schedule please, say regular trading hours or morning only? How about your strategy when an important news is just around the corner or FMOC? Appreciate very much your sharing more wisdom with me.
Favorite Futures: Index,Currency and Energy futures
Posts: 1,705 since Jan 2010
Thanks: 507 given,
6,269
received
Do not have a specific trading hours. Yes, do not trade 5 min before and 5 min after news event. The news event that I consider are those that are call "high impact" and are RED in the forexfactory calander.
The following 2 users say Thank You to perryg for this post:
Need to pick your brains please. I market replayed 6E (between 7:30 am and 9:30 am) and did 5 2-contract trades (per enclosed). Except Trade No 3 (highlighted in ellipse) was an inadvertent entry (missed checking FI). Got lucky and it's a profitable trade .. haha ..
My questions are:
1. Should I consider a different strategy for the second contract? All 2-contract trades have PTs @4 and 6 with SL @6 (move SL to 1 tick favor after reaching 4 ticks). Even they're all profitable, I notice very often it's getting very close to the revised SL for the second contract. For today's practice, only 1 got stopped out (No 4).
2. I learned that 7:30 am - 9:00 am EST are the best time to trade 6E. Unfortunately, I'm not an early bird zozo. Willl 9:00 am to 11:00 am EST work?
Sincerely hope that you will share your experience with me (incl suggestion if any). Thank you.
Favorite Futures: Index,Currency and Energy futures
Posts: 1,705 since Jan 2010
Thanks: 507 given,
6,269
received
YOu will find that there are good trades also during the 9 - 11 EST or from the opening of the US markets. You can basically follow the 6E while you follow your ES trades and CL.
The following user says Thank You to perryg for this post:
Thanks Perry for your prompt response to my earlier "trading time" question.
I need your guidance again on the enclosed Set Up (highlighted in an ellipse). It met all the entry rules EXCEPT ADX was red (below 25) and CHOP warning. 7 minutes later we had a green ADX + CHOP changed to TRADE. Yet price went up 4 ticks from the suggested entry. Did we rush in and place a Buy order? Or start all over again and wait for another Set Up bar?
My guess is: If a Set Up bar does not have all (incl ADX and TRADE criteria), it's not a Set Up bar at all.
I appreciate very much your clarifying the above for me please. Thank you.
