All you need - Traders Hideout | futures io social day trading
futures io futures trading


All you need
Updated: Views / Replies:466,834 / 2,472
Created: by Jeff Castille Attachments:534

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
 534  
 
Thread Tools Search this Thread
 

All you need

  #1331 (permalink)
Elite Member
Northern California
 
Futures Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Amp Futures/ Zen-Fire
Favorite Futures: YM and CL
 
Jeff Castille's Avatar
 
Posts: 2,119 since Jun 2009
Thanks: 1,785 given, 3,279 received

First 5 minutes


milford View Post
Hi Jeff, can you explain your 5 minutes method? How that works? Thanks

Did you read link #1323?

The whole idea is from Toby Crabel. He wrote a series of articles entitled "Playing the opening range breakout" in Stocks and Commodities Magazine. These later became a book that is no longer in print. The articles however can be found on the internet. I would highly recommend that anyone interested in the opening range breakout read these articles. (just google)

By way of futher explaination......I let 5 minutes go by........I note the high and low of the first 5 minutes......if it's going up I place a buy stop 1 tick above the high of the first 5 minutes. If price exceeds the first 5 minute bar I will get taken into the market. Right now I am working on a scalping strategy that has a 10 point target on the YM.....I may have to scale this back a couple of points....but it worked great today! (see previous chart #1323) You may have to experiment with your targets and stops. Some traders may be able to stay with these trades longer if they are not scalpers.

All I can tell you is to go back and do historical research and see how far price usually goes once it exceeds the first 5 minute bar......use this for your target. Try different risk/reward ratios and see what works the best. Check the winning percentage for your targets and see how that works with your r/r.

With the way I was approaching it I had a 77% winning rate with a 23% breakeven with no losing days in the last 27 trading days. I can live with that.

But the thing to do is go to the master....Toby Crabel. READ THOSE ARTICLES.

Jeff

Reply With Quote
The following 3 users say Thank You to Jeff Castille for this post:
 
  #1332 (permalink)
Elite Member
ct
 
Futures Experience: Beginner
Platform: NinjaTrader
 
Posts: 99 since Jun 2009
Thanks: 24 given, 13 received


Jeff Castille View Post
Did you read link #1323?

The whole idea is from Toby Crabel. He wrote a series of articles entitled "Playing the opening range breakout" in Stocks and Commodities Magazine. These later became a book that is no longer in print. The articles however can be found on the internet. I would highly recommend that anyone interested in the opening range breakout read these articles. (just google)

By way of futher explaination......I let 5 minutes go by........I note the high and low of the first 5 minutes......if it's going up I place a buy stop 1 tick above the high of the first 5 minutes. If price exceeds the first 5 minute bar I will get taken into the market. Right now I am working on a scalping strategy that has a 10 point target on the YM.....I may have to scale this back a couple of points....but it worked great today! (see previous chart #1323) You may have to experiment with your targets and stops. Some traders may be able to stay with these trades longer if they are not scalpers.

All I can tell you is to go back and do historical research and see how far price usually goes once it exceeds the first 5 minute bar......use this for your target. Try different risk/reward ratios and see what works the best. Check the winning percentage for your targets and see how that works with your r/r.

With the way I was approaching it I had a 77% winning rate with a 23% breakeven with no losing days in the last 27 trading days. I can live with that.

But the thing to do is go to the master....Toby Crabel. READ THOSE ARTICLES.

Jeff

Hi Jeff, Thank you so much for your futher explaination. I got confuse when I saw your other trade on the chart. Thanks again for explaining in detail

Reply With Quote
 
  #1333 (permalink)
Elite Member
Canada
 
Futures Experience: Intermediate
Platform: NinjaTrader
 
Posts: 76 since Jul 2009
Thanks: 175 given, 9 received


Jeff, thanks for the quality posts all the time.

Could you explain the reason for the 2nd trade? Thanks!




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


Hey all,

I've been looking at the first 5 minutes for a while now......it's getting to be one of my favorite trades.

If you go back to the start of this current contract (or for that matter as far back as you want) and see what your winning percentage would be.......I think you'll find it's very high. Couple this knowledge with a good risk/reward and it's a great way to start your day. Better than Wheaties !!!

Jeff


Reply With Quote
 
  #1334 (permalink)
Elite Member
Northern California
 
Futures Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Amp Futures/ Zen-Fire
Favorite Futures: YM and CL
 
Jeff Castille's Avatar
 
Posts: 2,119 since Jun 2009
Thanks: 1,785 given, 3,279 received

second trade

Yes.....the second trade was a signal that I got on my 15 range bar chart.......Shark Atack dot. Just a little pullback after the news at 6:55 PST.

Jeff

Reply With Quote
 
  #1335 (permalink)
Elite Member
Northern California
 
Futures Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Amp Futures/ Zen-Fire
Favorite Futures: YM and CL
 
Jeff Castille's Avatar
 
Posts: 2,119 since Jun 2009
Thanks: 1,785 given, 3,279 received

Exercise

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


Learn to recognize support and resistance. All it is ....is noticing where the market stops. Then draw a line there. When price goes past a place it had been stopping at.....that's your trade.

Put charts with just price on it and draw lines all weekend long. After a while you will start to catch on. You don't need much else....just good observation skills.

Jeff

Reply With Quote
 
  #1336 (permalink)
Elite Member
Dewitt Mi
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Amp/CQG and Infinity
Favorite Futures: Futures
 
Posts: 52 since Sep 2009
Thanks: 52 given, 18 received

Hi Jeff,
I like this indicator you mentioned in post 16 of this thread (Colored_MAs_by_slope) in that it differentiates the steepness of the slope. It is available from Greattradingsystems.com in the Ninja tab. I would like to see this same indicator with a Hull MA instead of the Simple MA. I am looking for a set of indicators to build a strategy.
Have you done any mod's to indicators like this?
Thanks,
John

Reply With Quote
 
  #1337 (permalink)
Elite Member
Arizona
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus/Zen-Fire
Favorite Futures: ES
 
Posts: 154 since Jun 2009
Thanks: 708 given, 168 received

Colored MA

John,

You may want to check out these free indicators from the download section of this forum:

https://futures.io/free_downloads/ninjatrader/indicators/154-download.html?view

Hope this helps,

Mahlon

Reply With Quote
The following user says Thank You to mahlonhersh for this post:
 
  #1338 (permalink)
Membership Temporarily Revoked
USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus/Zen-Fire
Favorite Futures: futures
 
HJay's Avatar
 
Posts: 197 since Aug 2009
Thanks: 94 given, 171 received

Indicator to Assist with 9:30-9:35 Bracket

Hey Jeff, one thing that I find helps in quickly determining break outs of a "Time Bound Range" on those charts that I'm NOT using a 5 minute view is this Hi/Lo indicator attached. It is real easy to set up and quickly points out on your chart the Hi/Lo bracket for the time set, in this case (9:30-9:35).

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


I too have confirmed that it is not uncommon for a failed break to one side of the bracket to eventually lead to a successful break of the OTHER END of the bracket. In addition, this concept can also work around other critical time brackets such as just after cash close (4:00-4:05). While the moves are not always as dramatic as the opening 5 minutes they still present some level of opportunity.

Thanks!

HJay

Attached Files
Register to download File Type: zip HiLoOfTimeRange.zip (2.5 KB, 77 views)

Last edited by HJay; October 17th, 2009 at 06:21 AM.
Reply With Quote
The following 3 users say Thank You to HJay for this post:
 
  #1339 (permalink)
Elite Member
Northern California
 
Futures Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Amp Futures/ Zen-Fire
Favorite Futures: YM and CL
 
Jeff Castille's Avatar
 
Posts: 2,119 since Jun 2009
Thanks: 1,785 given, 3,279 received

Slope Heaven


JohnPS View Post
Hi Jeff,
I like this indicator you mentioned in post 16 of this thread (Colored_MAs_by_slope) in that it differentiates the steepness of the slope. It is available from Greattradingsystems.com in the Ninja tab. I would like to see this same indicator with a Hull MA instead of the Simple MA. I am looking for a set of indicators to build a strategy.
Have you done any mod's to indicators like this?
Thanks,
John

Hi John,

You have just entered MA Slope heaven....... We have been exploring possible uses for moving average slopes on this thread for quite a while now. In addition to the many choices of sloped moving averages in the free download area there are a couple of interest in the VIP area as well. (TEMA Dots and JeffsDots)

Please keep us updated on your strategies progress.

Jeff

Reply With Quote
 
  #1340 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,032 received



HJay View Post
Hey Jeff, one thing that I find helps in quickly determining break outs of a "Time Bound Range" on those charts that I'm NOT using a 5 minute view is this Hi/Lo indicator attached. It is real easy to set up and quickly points out on your chart the Hi/Lo bracket for the time set, in this case (9:30-9:35).

I love this "indicator" so much that I just had to improve it. I use "indicator" lightly or else people will accuse me of going back on my anti-indicator stance.

I added the following:

- profit & stop targets are drawn on the chart
- the spread (difference between the high & low) is shown

This makes it really easy to test out various profit & stop settings. Please note they're in points, so for ES 5 ticks you put 1.25. For YM I guess that'd be 25. I only tested it with ES.

If anyone has any other suggestions please let me know. I'm diggin' this. Thanks Jeff & HJay.

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


PS: It's a coincidence that the stop is the same for long & short. It's not usually the case..

Attached Files
Register to download File Type: zip HiLoOfTimeRange_WithTarget_v1.0.zip (3.0 KB, 89 views)

Last edited by cunparis; October 17th, 2009 at 12:52 PM.
Reply With Quote
The following 11 users say Thank You to cunparis for this post:

Reply



futures io > > > All you need

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
     


All times are GMT -4. The time now is 02:49 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 2017-12-15 in 0.15 seconds with 19 queries on phoenix via your IP 54.226.132.197