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


All you need
Updated: Views / Replies:451,383 / 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

  #1431 (permalink)
Elite Member
Toronto
 
Futures Experience: Intermediate
Platform: ninjatrader
 
alex123's Avatar
 
Posts: 266 since Aug 2009
Thanks: 165 given, 128 received

Three trades for ES today, done for the day

first trade was bad, tried to buy pullback, got stopout, will never do such guessing and predetermination trade.

2 and 3 trade is OK.

done for the day.

Attached Thumbnails
All you need-oct.-26-es-trade.png  
Reply With Quote
 
  #1432 (permalink)
Elite Member
Toronto
 
Futures Experience: Intermediate
Platform: ninjatrader
 
alex123's Avatar
 
Posts: 266 since Aug 2009
Thanks: 165 given, 128 received

by the way, my first trade was not based on TRO-hourly zone

just pure guessing, not good, will only trade on TRO hourly buy zone later.

Reply With Quote
 
  #1433 (permalink)
Elite Member
Toronto
 
Futures Experience: Intermediate
Platform: ninjatrader
 
alex123's Avatar
 
Posts: 266 since Aug 2009
Thanks: 165 given, 128 received

tried to first time trade 2 contract, but just 3 ticks target


my stop loss is 4 ticks.

Reply With Quote
 
  #1434 (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


traderjoel View Post
Hi Jeff,

I'm taking a breather from my CL trading so I'm looking at what the others here are doing. Are you still trading the 5 mins ORB? I really like your posting on the opening range breakout. I use to trade ORB but in a different way. I would look at a bigger range, like from 7-9am. Then trade the range breakout. I stopped after a while because the stop on the other side of the range was too much.

Thats why I like your 5 minutes range for every half hour. And I also like the idea of a scalp. The problem is, for a 10 point scalp the stop on the other side of the range is too big for a good r/r.

Do you have a fixed stop of lets say if the 5 minutes range is extremely wide?

I have been sim trading the every half hour 5 minutes range and so far so good. I just wanted to know what do you do when its a big range.

Thank you.

-Joel-

Hi Joel,

You are asking the right question.......concerning stop placement.

Ultimately, you have to ask yourself.....does this work? For example.....today I had two trades where my entries turned out to be very bad.....however, my stop placement (above the swing high) was good. Yes....I took some major heat, yes, I was almost stopped out both times. But...... both trades were winners +10 each on the YM.

You have to know how much room to give the market to "breath." You also have to know your personal risk tolerance based on your account size. All this coupled with a reasonable risk/ reward

There is no short cut on this. You have to determine what works for you. What is your risk tolerance? What is too much? What is too little. Does it make sense with market volitility? Remember....the market doesn't care about your risk tolerance.



Jeff

Reply With Quote
The following 5 users say Thank You to Jeff Castille for this post:
 
  #1435 (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, 2,030 received


Jojotrader View Post
I will stop posting now, before I get some anoying posts.

See you later, have some good trades.

Win some, lose some, just try to win more...

Jojo

Hey Jojo I like your posts and the simplicity. I don't have time to study them now but I definitely will study them later when I have time.

I'm curious how many pts you got today. I imagine you did well. I made out with 3.75 total. A very good day for me.

Reply With Quote
 
  #1436 (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, 2,030 received


Jeff Castille View Post
Hi Joel,
You are asking the right question.......concerning stop placement.

I'll add in my 2 cents.

You want to put your stop where it won't get hit by noise. I'm with Jeff, I like to put it away from a swing high/low. To keep my risk low I try to enter around these swing high/lows instead of waiting for a breakout. The risk is lower that way. I go for a 1:1 ratio and then when I'm consistent with that I will start adding a 2nd contract for maybe 1.5 target : stop ratio.

Specifically for the 5min ORB I had my stop under the 1st 5min bar. It's not a good R:R but I'm going on my testing showing this has worked over the past month. My testing showed it did not work earlier in the year so this could stop working at any time. An ORB is a valid concept, but the OR period and the target & stop are things that will change with time.

I'm considering going for 5 ticks instead of 4 (I'm trading it on ES). Today it came within 1 tick of my target and I thought "oh no I should have used a 3 tick target" but I let it ride and price blew through my target and continued higher. But I'm not greedy, I'm happy with 4 ticks. I would like to get a better R:R ratio but if this has a high win rate then it's ok.

Let me know what you think about this Jeff. It's working for me.

Reply With Quote
 
  #1437 (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


cunparis View Post
I'll add in my 2 cents.

You want to put your stop where it won't get hit by noise. I'm with Jeff, I like to put it away from a swing high/low. To keep my risk low I try to enter around these swing high/lows instead of waiting for a breakout. The risk is lower that way. I go for a 1:1 ratio and then when I'm consistent with that I will start adding a 2nd contract for maybe 1.5 target : stop ratio.

Specifically for the 5min ORB I had my stop under the 1st 5min bar. It's not a good R:R but I'm going on my testing showing this has worked over the past month. My testing showed it did not work earlier in the year so this could stop working at any time. An ORB is a valid concept, but the OR period and the target & stop are things that will change with time.

I'm considering going for 5 ticks instead of 4 (I'm trading it on ES). Today it came within 1 tick of my target and I thought "oh no I should have used a 3 tick target" but I let it ride and price blew through my target and continued higher. But I'm not greedy, I'm happy with 4 ticks. I would like to get a better R:R ratio but if this has a high win rate then it's ok.

Let me know what you think about this Jeff. It's working for me.

Cunparis,

Thank you for doing the research.

In the last 32 trading days (current contract) the opening 5 minute trade has worked 27 times. That's a little over 84% of the time. The other 5 times that the trade did not work.....it did work at the opposite end of the first 5 minute bar.

So even the losers were able to redeem themselves if you stopped and reversed.

So are there any characteristics that a winning day has that a losing day does not have?

What I am finding is on winning days I get a signal from the Enhanced JeffsDots on the losing days I did not. So.....I am considering adding the Enhanced JeffsDots as a filter.
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).


I have not released the Enhanced JeffsDots publicly. But I have described how it works previously for you ambitious programmers.

Jeff


Last edited by Jeff Castille; October 26th, 2009 at 10:07 PM.
Reply With Quote
The following 3 users say Thank You to Jeff Castille for this post:
 
  #1438 (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, 2,030 received


Jeff Castille View Post
So are there any characteristics that a winning day has that a losing day does not have?

What I am finding is on winning days I get a signal from the Enhanced JeffsDots on the losing days I did not. So.....I am considering adding the Enhanced JeffsDots as a filter.

..

I have not released the Enhanced JeffsDots publicly. But I have described how it works previously for you ambitious programmers.

Great post Jeff. In the past I've always tried to find ways to prevent losers but I must admit than in many cases I end up like the Yale students.

Since I don't have JeffsDotsEnhanced, I will see if I can find some price or volume clues. If you're getting a dot, that means price is moving to that direction. Should be able to see it in the chart right? Let's take a look at the last 6 days and then look at a few failures before that. My analysis is written on the images.

My findings:

- If we look for additional confirmations we can potentially increase the win rate at the expense of possibly missing some good trades
- Volume Stop is not useful for the ORB. The reason is the open bar is higher volume and that will always trigger a VStop signal in the direction of the close of the 1st bar
- Volume Spike is not reliable by itself
- HVC is not reliable near the open
- PSO could possibly give an hint as to the direction
- the price movement leading up to the open could give a hint as well
- The direction of CL could give a hint
- The win rate is already 87%, do we really need to do better?

My conclusion: Works fine as is - trade like a rat. Now that I'm trading this I'll be studying it more clearly, especially the relation with Euro & CL which are all correlated.

Attached Thumbnails
All you need-20091026-es-orb-analysis.png   All you need-20091023-es-orb-analysis.png   All you need-20091022-es-orb-analysis.png   All you need-20091021-es-orb-analysis.png   All you need-20091019-es-orb-analysis.png   All you need-20091013-es-orb-analysis.png   All you need-20091012-es-orb-analysis.png  
Reply With Quote
The following 4 users say Thank You to cunparis for this post:
 
  #1439 (permalink)
Elite Member
London
 
Futures Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Zen Fire
Favorite Futures: ES 6E ZB YM
 
Alinghy's Avatar
 
Posts: 332 since Sep 2009
Thanks: 257 given, 59 received

Hi CUNPARIS,

really appreciate your analysis. May I ask you, please, for the future, to drive your comments in the charts with some arrows to the specific subjects involved ?
Your comments are clear and substantial but for people like me, beginners, could be very useful can exactly focus any subject involved in the analyzed part of the chart.

The point, after giving a look to all pages of this valuable thread, and also to the other threads, is the most difficult, as I can understand, to avoid the remaing part of wrong signals,
but this could signify to reach the excellence (giving as consolidated the very best manual operation capability buy / sell / cancelling an order buy / selling the same price entered and so on, with extreme good and professional picking of time, etc ....): this could be a very hard challenge or the Holy Grail ?

Thanks so much for your efforts and of all the people here involved, I am sure that all this brain-storming will generate success, as normally happens
when the human brains are involved together for a good target.

regards
Alinghy


Last edited by Alinghy; October 27th, 2009 at 03:50 AM.
Reply With Quote
 
  #1440 (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, 2,030 received



Alinghy View Post
Hi CUNPARIS,

really appreciate your analysis. May I ask you, please, to drive your comments in the charts with some arrows to the specific subject ?
Your comments are clear and substantial but for people like me, beginners, could be very useful can exactly focus any subject involved in the analyzed part of the chart.

Thanks so much
regards
Alinghy

Alinghy,

I'm glad you found that useful, it was fun doing it.

I usually do put arrows but in this case every comment was focused on the breakout of the 9:35 bar, so I felt arrows weren't needed. The 9:35 bar is the one with the vertical line.

I hope that helps.

Reply With Quote

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)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     


All times are GMT -4. The time now is 05:55 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 2017-12-11 in 0.19 seconds with 19 queries on phoenix via your IP 54.82.79.109