"Pictures" worth more than thousand words. [10% to 15% correction is coming] - Traders Hideout | futures io social day trading
futures io futures trading


"Pictures" worth more than thousand words. [10% to 15% correction is coming]
Updated: Views / Replies:8,038 / 37
Created: by mrphr Attachments:18

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 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.

-- Big Mike, Site Administrator

Reply
 18  
 
Thread Tools Search this Thread
 

"Pictures" worth more than thousand words. [10% to 15% correction is coming]

  #31 (permalink)
London
 
Trading Experience: None
Platform: .
Favorite Futures: .
 
Posts: 255 since Apr 2011
Thanks: 65 given, 178 received


MiniP View Post
if your calling a bubble in the market then i assume you have taken up a short position correct?
I don't entirely disagree with you but i don't think it has begun yet, im sure it will happen it always does but until we roll over everyone with the bubble story needs to relax( that isnt directly aimed at you so don't get grumpy).

No I am flat, I swing trade stocks and day trade futures... So if I am day trading futures I trade my set up I have no bias even if I believe a correction is due and it is health for the markets as well etc, if I have a signal to buy I buy if I have signal to sell I sell and I am flat by the EOD. I can not swing trade stocks at this current market condition anymore...

Well if you look at the equity indices for the past two days it looks like it already has begun, too early to call a 20% correction but it has to start somehow.


Last edited by mrphr; January 30th, 2018 at 04:02 PM.
Reply With Quote
 
  #32 (permalink)
Legendary Market Wizard
Columbus OHIO
 
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES,
 
MiniP's Avatar
 
Posts: 921 since May 2017
Thanks: 904 given, 2,135 received


mrphr View Post
No I am flat, I swing trade stocks and day trade futures... So if I am day trading futures I trade my set up I have no bias even if I believe a correction is due and it is health for the markets as well etc, if I have a signal to buy I buy if I have signal to sell I sell and I am flat by the EOD.

I can not swing trade stocks at this current market condition anymore because of high valuations and because I do not want to get caught on the pre market open/close with a gap of thousands points on my stock when this bubble explode.

Well if you look at the equity indices for the past two days it looks like it already has begun, too early to call a 20% correction but it has to start somehow.

This can easily be classified by a mean reversion trade, price is currently to over valued to and possible at the point where we need to return to the value area to determine if we move up or down i would hardly call the last two days a clear sign.

And if that's the way you trade then it shouldn't be a huge deal to you in what way the market moves ( bull/bear) because you can swing either way. i take a very similar approach and could honestly care less as long as we have some movement for the day.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


but like you said it is healthy and could end up helping the markets in the long run.. who knows i don't trade stocks anymore that's a different animal.

what futures are you trading??

Visit my futures io Trade Journal Reply With Quote
 
  #33 (permalink)
London
 
Trading Experience: None
Platform: .
Favorite Futures: .
 
Posts: 255 since Apr 2011
Thanks: 65 given, 178 received



MiniP View Post
This can easily be classified by a mean reversion trade, price is currently to over valued to and possible at the point where we need to return to the value area to determine if we move up or down i would hardly call the last two days a clear sign.

And if that's the way you trade then it shouldn't be a huge deal to you in what way the market moves ( bull/bear) because you can swing either way. i take a very similar approach and could honestly care less as long as we have some movement for the day.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


but like you said it is healthy and could end up helping the markets in the long run.. who knows i don't trade stocks anymore that's a different animal.

what futures are you trading??

I do not know, I do not follow your logic/view not because it is not valid or anything but I do not use this fancy volume profile studies like value areas and all that [and this fancy order flow stuff] as most people here, and I honestly think there is a lot of hype in regarding this tools, not that they are not useful but there is just a lot of hype.

Well markets is selling off at the close and this is a sign of weakness, watch out... And I trade YM, NQ, ES, ZB, ZN, ZF, NG, GC as of today.


Last edited by mrphr; January 31st, 2018 at 01:50 AM.
Reply With Quote
 
  #34 (permalink)
Legendary Market Wizard
Columbus OHIO
 
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES,
 
MiniP's Avatar
 
Posts: 921 since May 2017
Thanks: 904 given, 2,135 received


mrphr View Post
I do not know, I do not follow your logic/view not because it is not valid or anything but I do not use this fancy volume profile studies like value areas and all that [and this fancy order flow stuff] as most people here, and I honestly think there is a lot of hype in regarding this tools, not that they are not useful but there is just a lot of hype.

Well markets is selling off at the close and this is a sign of weakness, watch out... And I trade YM, NQ, ES, ZB, ZN, ZF, NG, GC as of today.

Hell of a day, i walked away from the charts at 10:45 am and came back a few minutes ago to see one hell of a sell off. Thoughts on next week? I'm still bullish but am taking longs/shorts regardless.

Visit my futures io Trade Journal Reply With Quote
 
  #35 (permalink)
London
 
Trading Experience: None
Platform: .
Favorite Futures: .
 
Posts: 255 since Apr 2011
Thanks: 65 given, 178 received


MiniP View Post
Hell of a day, i walked away from the charts at 10:45 am and came back a few minutes ago to see one hell of a sell off. Thoughts on next week? I'm still bullish but am taking longs/shorts regardless.

You have been warned, I do not know this is heavy.


Last edited by mrphr; February 2nd, 2018 at 04:27 PM.
Reply With Quote
The following user says Thank You to mrphr for this post:
 
  #36 (permalink)
Legendary Market Wizard
Columbus OHIO
 
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES,
 
MiniP's Avatar
 
Posts: 921 since May 2017
Thanks: 904 given, 2,135 received


mrphr View Post
You have been warned, I do not know this is heavy.

I'll have to eat my words, I didn't think it would happen that fast. I figured there was going to be a pull back due to the large drop and many would look at it as a buying opp. Still made for a great trading day!

Visit my futures io Trade Journal Reply With Quote
 
  #37 (permalink)
London
 
Trading Experience: None
Platform: .
Favorite Futures: .
 
Posts: 255 since Apr 2011
Thanks: 65 given, 178 received


Reply With Quote
 
  #38 (permalink)
London
 
Trading Experience: None
Platform: .
Favorite Futures: .
 
Posts: 255 since Apr 2011
Thanks: 65 given, 178 received

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).

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

Reply With Quote

Reply



futures io > > > "Pictures" worth more than thousand words. [10% to 15% correction is coming]

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

futures io is celebrating 10-years w/ over $18,000 in prizes!

Right now
 

$1,000 in Amazon Gift Cards being given away right now from GFF Brokers

Right now
 

$250 Amazon Gift Cards with our "Thanks Contest" challenge!

Right now
 

Show us your trading desks and win over $5,000 in prizes w/Jigsaw Trading

August
 

Webinar: Suri Duddella (TBA)

Elite only
 

Webinar: Richard Bailey (TBA)

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
10 Afghan Civilians Shot Dead By "Abnormal" US Soldier GridKing News and Current Events 0 March 11th, 2012 08:47 AM
Saxo Bank's 10 "Outrageous Predictions" For "2012: The Perfect Storm" Quick Summary News and Current Events 0 December 17th, 2011 07:10 PM
Fukushima: "China Syndrome Is Inevitable" ... "Huge Steam Explosions", or "Nuclear Bo Quick Summary News and Current Events 0 November 22nd, 2011 01:50 AM
How to change "Stop Loss" and "Take Profit" in "shElderImpulse" Strategy javed759 NinjaTrader 1 November 1st, 2011 10:44 PM
"ease" of Easy Language isn't worth the limitations RM99 TradeStation 5 July 9th, 2011 12:58 AM


All times are GMT -4. The time now is 12:24 PM. (this page content is cached, log in for real-time version)

Copyright © 2019 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