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


All you need
Updated: Views / Replies:459,071 / 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

  #341 (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

When the world turns RED/BLUE

These are good exanples of how the "All you Need" template works.

Attached Thumbnails
All you need-ym-09-09-9_4_2009-10-range-.jpg  
Reply With Quote
 
  #342 (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

Couldn't resist

OK.... one more trade..... a nice head and shoulders set up...... got in at the fib retrace... took a little heat..... 7/11. So.... another 18 points.

Also, check out the yellow bars on the paint bar study. They can mean several things..... mainly they mean PAY ATTENTION. Either momentum is changing or several yellow bars means chop.

This was not the best head and shoulders set up as the neckline was NOT optimal !!

Attached Thumbnails
All you need-ym-09-09-9_4_2009-10-range-.jpg  

Last edited by Jeff Castille; September 4th, 2009 at 07:29 PM.
Reply With Quote
The following 2 users say Thank You to Jeff Castille for this post:
 
  #343 (permalink)
Elite Member
Bellingham, WA
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: Zen-Fire
Favorite Futures: 6E, CL
 
Dragon's Avatar
 
Posts: 494 since Aug 2009
Thanks: 747 given, 253 received


Hi Jeff,
A few questions...

Are you still using the ECO paintbars here in this screenshot? Sorry if you were already asked this in a recent post. I just want to know when the bars turn yellow on your chart. The yellow paintbars on ECO help me identify reversals and chop as well (although I prefer orange but who cares).

If you have abandoned indicators in Panel 2 I completely understand but if not, I use the RSqueeze indicator in the download section. I set all the colors transparent except the BBSqueeze colored dots. The BBSqueeze tells us when Bolinger Bands are inside the Keltner Channel... You can overlay it on many indicators in Panel 2 and it helps to identify chop and when the dots go away, breakout time.

Do you still look at ADX from time to time? I abandoned it because I found so few first crosses and grail plays on ES. I don't see them that often on ZN either. Plus, I know when the market is trending. So why take up room on the chart?

Reply With Quote
 
  #344 (permalink)
Elite Member
Concord, NH USA
 
Futures Experience: Intermediate
Platform: Ninja trader
Broker/Data: AMP/CQG
Favorite Futures: ES
 
jdella's Avatar
 
Posts: 182 since Jun 2009
Thanks: 134 given, 110 received


Dragon View Post
Hi Jeff,
A few questions...

Are you still using the ECO paintbars here in this screenshot? Sorry if you were already asked this in a recent post. I just want to know when the bars turn yellow on your chart. The yellow paintbars on ECO help me identify reversals and chop as well (although I prefer orange but who cares).

If you have abandoned indicators in Panel 2 I completely understand but if not, I use the RSqueeze indicator in the download section. I set all the colors transparent except the BBSqueeze colored dots. The BBSqueeze tells us when Bolinger Bands are inside the Keltner Channel... You can overlay it on many indicators in Panel 2 and it helps to identify chop and when the dots go away, breakout time.

Do you still look at ADX from time to time? I abandoned it because I found so few first crosses and grail plays on ES. I don't see them that often on ZN either. Plus, I know when the market is trending. So why take up room on the chart?

Dragon, You refer to when the dots go away, ( breakout time ) which dots do you mean? The blue dots on the line or the orage dots on the zero line?

Thanks

Reply With Quote
 
  #345 (permalink)
Elite Member
Bellingham, WA
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: Zen-Fire
Favorite Futures: 6E, CL
 
Dragon's Avatar
 
Posts: 494 since Aug 2009
Thanks: 747 given, 253 received

The orange dots. I make the blue dots transparent on BBSqueeze too. The blue dots tell me nothing. Thanks for clarifying. Look at the orange dots on this screenshot from today.

Attached Thumbnails
All you need-zn-09-09-9_4_2009-4-range-.jpg  
Reply With Quote
The following 2 users say Thank You to Dragon for this post:
 
  #346 (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
OK.... one more trade..... a nice head and shoulders set up...... got in at the fib retrace... took a little heat..... 7/11. So.... another 18 points.

Also, check out the yellow bars on the paint bar study. They can mean several things..... mainly they mean PAY ATTENTION. Either momentum is changing or several yellow bars means chop.

Ok Jeff now I'm convinced that the All you need template works better for YM than for ES. Starting Monday I'm simming it on YM.

I'm also working on incorporating your method of entering on a break of a swing pivot into my ES trading that I was doing before this thread. Before I was entering on the pullbacks. Now I think that's too dangerous. I was profitable with it until August but my stats weren't that great.

Now I'm working on entering on the breakout after the pullback. I do this after volume has confirmed and when the sine wave shows all 3 timeframes in phase. Today was my first day trying this and I finished +$172. On my All You Need chart I was -$50 but I identified 2 big mistakes that I won't make again (trading near a double bottom and a S/R line).

What I liked the most about using breakouts on my tick charts is that my avg win / avg loss was 2.71! Prior to August buying pullbacks and turning points (tops & bottoms) my avg win / avg loss was less than 1. That always bothered me, despite being profitable for several months. Today is just one day but if I can continue then I will have succeeded in getting my win / loss ratio above 1, something I've been after for a long time.

Also take away my two mistakes on All you need and I could have been profitable on that as well. So I think I'm making a lot of progress, thanks to this thread and everyone who's sharing.

I made a new checklist so I though I'd share it and get some feedback:

Pre-market:

1 - check forexfactory and pivot farm for news and mark the times on my chart so I don't forget

2 - check the mypivots daily notes for crabel patterns to have an idea of what to expect

3 - put the pivots on my chart (I'm using the pivots from pivot farm)

4 - review my goals for the day

During the market:

1 - draw my trendlines

2 - Look for price & volume patterns (double top, low volume pullbacks, etc.)

3 - Study the price & volume action (how does this bar compare to the last bar? etc.)

4 - Journal all my trades

After trading:

1 - review all my trades and make notes of what to improve

Reply With Quote
The following 2 users say Thank You to cunparis for this post:
 
  #347 (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

Panel 2

Well.... I have 2 screens... on the left one I have a 5 minute chart with all the support and resistance, globex high/low, previous day high/low/close.(the 5 minute chart occupys about one third of the screen. Next to it I have the "All you Need" template....(10 range bar) just stripped down....(clean) I draw my trendlines on this chart. Directly underneath the "All you Need" template I have my anchor chart (15 range bar) This is "scrunched" down tho be about one inch high with nothing on it except the Sharky Eco Bar Study.(this has been previously posted) On my right hand screen I have my Superdom on the left with a Data Box and time and sales underneath it. To the right of that I have been using my "All you Need PLUS" this adds the 20 EMA,ADX,3/10 oscillator. I have recieved a lot of LBR training and I still keep and eye out for a good first cross or a holy grail set up now and then. The 20 EMA is often a good pullback location. I had a custom coded ADX which I have previously posted that shows when the ADX is rising or falling. (I was glad to see Cory's post regarding the DMI) So to answer your question... yes ,I still keep and eye on the ADX. I've learned that it isn't so much the ADX level as it is if it's going up or down. Of course under 15 or so means there is no trend. And one oscillator for spotting divergence.

Interesting use of the RSqueeze. I have used that indicator extensively in the past. I basically like it.... especially on the counter trend setting and a little tweak on the settings.

So there you have it ... everything that I watch.

However, I feel I need to add a volume component to the set up. I am watching the "how to trade with volume thread" very closely. Right now I like Big Mikes Volume Graph but I'm keeping an open mind as the programers are working on a better version of the "Better Volume" indicator. You'll notice that TRO has a beautiful tweak of the "Better Volume" that I hope will end up in a Ninja version.

As an index trader I frequently wonder if I should put the NYSE tick and Issues (breadth) back into my bag of tricks. But this is not my focus right now. I'd like to get the VSA "Better Volume" resolved first.

I'll post a "All you Need PLUS" template for you to check out.

Yes, still using EcoBars.... I like 'em. Can't wait for Sharky's new paint bar study to come out.

Attached Thumbnails
All you need-ym-09-09-9_4_2009-10-range-.jpg  

Last edited by Jeff Castille; September 4th, 2009 at 05:57 PM.
Reply With Quote
The following 2 users say Thank You to Jeff Castille for this post:
 
  #348 (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

Pre Market Routine

Hey Cunparis.

Excellent preparation for the day..... perhaps some top/down analysis would be a good addition.

Another feature that might be benifical is a "Time of Day" element. Are there certain times of day that are better to trade than others? I think so. I think that it is tremendously important to know when NOT to trade. I found that there were four times in particuliar that were not good for me to trade. Right at the open and right at the close. During lunch in NYC and when the bond market is closing out it makes the stock indicies rough. Tom Busby at DTI calls this time "GRIM REAPER"

While I'm at it More important stuff........ key numbers... for the YM there are certain psycological numbers like all centenial numbers... people get freaked out everytime we get to 100...9400,9300,9500. So if you see a set up on the YM right around a centenial number.... I don't take it. I wait till it goes to 6 above or 89 below. Every market has it's little tricks like that.

That's why I would recommend that anyone learning to trade focus on ONE market, master it, then add or not...... look at Don Miller... he made over a million bucks last year just trading the ES. He's a specialist. Not a bad way to go.

Well, I rambling.

Reply With Quote
The following 2 users say Thank You to Jeff Castille for this post:
 
  #349 (permalink)
Elite Member
Bellingham, WA
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: Zen-Fire
Favorite Futures: 6E, CL
 
Dragon's Avatar
 
Posts: 494 since Aug 2009
Thanks: 747 given, 253 received

Oh thanks Jeff. I saw the previous templates and downloaded them earlier. I guess I was referring to the previous post that Cunparis mentioned about possibly removing the MA's and Ecobars and thought you may be removing indicators as well to get a price action thing going. That seems to be the progression here on this thread. I would have to say that I agree about removing most of the MA's. I just leave the 20 EMA up to watch the candles cross it. It's the only thing I keep up from LBR's teachings anymore. Sorry to make you go through that whole "this is my setup" thing again.

I just checked to see if you could overlay Rsqueeze over LBR 310 and it works just fine. I love LBR too but found ECO gives me the same info I want and I like how the new ECO's can change colors below the zeroline. I can see divergences better with ECO too with the 20 and 10 lines up. Maybe we could get someone to do that for LBR... And I have yet to find another trend indicator that gives us a better "trendiness" reading than ADX 14.

I am interested in reading more about the volume indicator development as well. I have to say that some of it has been a little over my head so far. I still don't understand how to read volume with the Better Volume indicator after watching the video. (Maybe I am echoing others views here as well Cunparis). I do think that we all need to have some kind of volume and momentum indicator up to confirm. Until I completely understand volume, I will continue to use JT Real Stats with ECO.

Reply With Quote
 
  #350 (permalink)
Elite Member
singapore
 
Futures Experience: None
Platform: nj
 
andewky's Avatar
 
Posts: 15 since Jul 2009
Thanks: 257 given, 4 received



cunparis View Post

I'm not sure if you guys ever read the Darvas book (https://www.amazon.com/dp/9562914534?tag=advanwebamazocom&camp=213381&creative=3...id=1WGJFS22VM8V9EPDJ45G&). I got tired of reading trading books, I think I just need to focus on the things we do in this thread. So I like to read books about famous traders. This book is really great. My point is he didn't even have a computer and he made 2 million dollars!!! Just reading price & volume.

Great Book,am in the midst of it. I like the part where he mentioned
trading purely looking at the pricing without being bothered by news and gossips allowed him to sharpen his system and trade objectively.

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 07:50 PM.

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 2017-12-12 in 0.16 seconds with 19 queries on phoenix via your IP 54.234.255.29