Peter learning the ZN - Sharky way - Trading Journals | futures io social day trading
futures io futures trading


Peter learning the ZN - Sharky way
Updated: Views / Replies:2,038 / 8
Created: by Peter Attachments:2

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
 
Thread Tools Search this Thread
 

Peter learning the ZN - Sharky way

  #1 (permalink)
Elite Member
Brisbane; Australia
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: IB/TDA needing new broker
Favorite Futures: Futures, Forex, Stocks
 
Peter's Avatar
 
Posts: 97 since Jun 2009
Thanks: 91 given, 101 received

Peter learning the ZN - Sharky way

090615 First scalp today ... in SIM of course
Signaled by the ZLEMA 16 / ZLEMA 16 to go short
Price moving away from consolidation
ECO dropping
ZLMACD red
StochModRSI dropping and not yet oversold
=> high probability short => in at .185 out at .160 => 5 ticks

Evaluation:
- I forgot a rule ... the ECO was not yet in red
- worked out but long trade (almost hour)
- almost back to even on second bar, would have gotten nervous with real money)
- entry should have been earlier (think arrow was placed 1 or 2 bars earlier then sound signal)
- when looking at the 15 min chart 140.160 was strong support ... indeed it did bounce here ... so less safe than I thought when entering. Also need to read the long term chart before entering.

Attached Thumbnails
Peter learning the ZN - Sharky way-scalp-1.png  

Last edited by Peter; June 15th, 2009 at 11:09 AM.
Reply With Quote
 
  #2 (permalink)
Just starting out...
Dallas
 
Futures Experience: Intermediate
Platform: NinjaTrader
 
Neal's Avatar
 
Posts: 23 since Jun 2009
Thanks: 27 given, 24 received

Peter, good analysis. I see sharky endorsed this entry, which was the first 4 range down bar below ADX consolidation after the DMA rolled over. The one question I have about this trade is the directional component. I show the longer term 11 range chart in a sustained up trend, and the slower 4 range DMA was well below price action in an up trend.

My question: for the high probability trade, is this trade disqualified as counter trend? If not, what qualified this counter trend trade as 'high probability'?

Reply With Quote
 
  #3 (permalink)
Elite Member
MIAMI,FL
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Private
Favorite Futures: Zn,6E,6J
 
sharky's Avatar
 
Posts: 1,060 since Jun 2009
Thanks: 624 given, 3,875 received

neal


i said good trade this morning on the chat room just from the photo he showed me i was trading myself and didnt have time to look and match all his charts up with mine to see if it was a a1 trade or a 2nd class trade but now that i have time i will look and see if it was a trending trade or a countertrend trade ...sam/sharky

Reply With Quote
 
  #4 (permalink)
Elite Member
MIAMI,FL
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Private
Favorite Futures: Zn,6E,6J
 
sharky's Avatar
 
Posts: 1,060 since Jun 2009
Thanks: 624 given, 3,875 received

peter and neal

peter here is my chart looking at your trade if its the wrong trade let me know but i think i got it close thanks...sam/sharky

Attached Thumbnails
Peter learning the ZN - Sharky way-peter.png  
Reply With Quote
The following 2 users say Thank You to sharky for this post:
 
  #5 (permalink)
Member
Boston
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: Infinity Futures/Transact
Favorite Futures: ES
 
Maletor's Avatar
 
Posts: 88 since Jun 2009
Thanks: 7 given, 26 received

Sharky, what is that bottom indicator / how do you use it?

Reply With Quote
 
  #6 (permalink)
Elite Member
Alpharetta, GA
 
Futures Experience: Intermediate
Platform: ninja
Broker/Data: Mirus / Zenfire
Favorite Futures: ES
 
Todd's Avatar
 
Posts: 257 since Jun 2009
Thanks: 28 given, 40 received

Sharky,

Cool chart... Is the eco center line the zerolag macd? If so, what settings?
Also curious what the red/blue is at the bottom of the chart.

Thanks,
Todd


Last edited by Todd; June 15th, 2009 at 10:22 PM.
Reply With Quote
 
  #7 (permalink)
Member
Boston
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: Infinity Futures/Transact
Favorite Futures: ES
 
Maletor's Avatar
 
Posts: 88 since Jun 2009
Thanks: 7 given, 26 received

Maybe it's the renko?

Reply With Quote
 
  #8 (permalink)
Elite Member
Brisbane; Australia
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: IB/TDA needing new broker
Favorite Futures: Futures, Forex, Stocks
 
Peter's Avatar
 
Posts: 97 since Jun 2009
Thanks: 91 given, 101 received


sharky View Post
peter here is my chart looking at your trade if its the wrong trade let me know but i think i got it close thanks...sam/sharky

Yep it is the right trade.... and I agree ... that's why I said next time I need to look first at the long term chart.
I see you have the long term information on the 4R chart ... good idea ... will do the same.

Thought you aid on chat the blue/red was 22ZeroLagEMA ... if so I can't replicate. What did you use there ?


thnx Peter

The setting on bottom is the 22EMA/22ZeroLagEMA


Last edited by Peter; June 21st, 2009 at 09:08 AM. Reason: Answer Sharky
Reply With Quote
 
  #9 (permalink)
Just starting out...
 
Futures Experience: Intermediate
Platform: NT
 
Posts: 20 since Jun 2009
Thanks: 1 given, 2 received

I think the blue and red at the bottom is DoubleMa in Bar form with Panel=3 but I don't know the settings.

Reply With Quote

Reply



futures io > > > Peter learning the ZN - Sharky way

« - | Blz 6E Trade »
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
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Sharky's zn classroom sharky Bonds and Interest Rates Trading 266 February 21st, 2016 08:01 PM
MultiCharts Webinar: Peter Campbell - Systematic Trading with MultiCharts MultiCharts MultiCharts 25 August 31st, 2015 09:32 PM
Learning how to play guitar...reminds me of learning how to trade shodson Beginners and Introductions 10 September 16th, 2013 06:22 PM


All times are GMT -4. The time now is 07:11 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 2017-12-11 in 0.11 seconds with 20 queries on phoenix via your IP 54.92.194.75