Catching Big Waves - a trader's journal of surfing the the markets - Trading Journals | futures io social day trading
futures io futures trading


Catching Big Waves - a trader's journal of surfing the the markets
Updated: Views / Replies:278,598 / 4,686
Created: by GaryD Attachments:1,123

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

Closed Thread
 1,123  
 
Thread Tools Search this Thread
 

Catching Big Waves - a trader's journal of surfing the the markets

  #451 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received

And just becasue the confluence just keeps coming, here is the same chart with two more fib additions that fall right in the middle of the previous mix;

1) The displaced exhaustion alternate from possible wave 1 down (April-June 2011)
2) An exhaustion extention from the same presumed wave 1

And for fun, the white line is the 200 week EMA

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

The following user says Thank You to GaryD for this post:
 
  #452 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received


GaryD View Post
This long trade worked well today. I did not take time to post because I have been out of town for several days and was really looking forward to keeping my mind focused. Countertrend trades make me a little more nervous than trend trades, and I dropped this one I believe 3 times before I finally decided to hang on. +10 ticks, - 5 ticks, - 1 tick and so forth (not actual, but close to what I remember). Like trying to grab a hot potato. But when the 10am news came out and the S&P exploded, I knew the odds were very good that crude shorts were next to go.

Going countertrend is a tough trade to take because it usually feels so wrong. Many times I find that the "right" direction feels like it is being fought the whole time, until it finally reaches a point and then all of sudden the motion gets easy. And, when it starts to move freely, that is when I start looking to get out.

Going long on 10-03-2011 may be counter trend on weekly basis etc.. but at 11.30 am longs were in the trend, whether the up move was due to short covering rally etc.. Time filter is a tool i use to day trade.

2011-10-03_1227 - Tariq01's library

2011-10-03_1422 - Tariq01's library

second chart shows sell off- in the direction of larger time frame trend.

The following 2 users say Thank You to mfbreakout for this post:
 
  #453 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received



GaryD View Post
And just becasue the confluence just keeps coming, here is the same chart with two more fib additions that fall right in the middle of the previous mix;

1) The displaced exhaustion alternate from possible wave 1 down (April-June 2011)
2) An exhaustion extention from the same presumed wave 1

And for fun, the white line is the 200 week EMA

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




This ES zone responded nicely this morning.

The following user says Thank You to GaryD for this post:
 
  #454 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received

Below is a follow up to the zone for ES I posted last night. After the double bottom helped solidify it buyers rushed in.

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

The following 2 users say Thank You to GaryD for this post:
 
  #455 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received

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




Nice confluence zone short possibility for tomorrow.

The following 2 users say Thank You to GaryD for this post:
 
  #456 (permalink)
Elite Member
Georgia, US
 
Futures Experience: None
Platform: Various
Favorite Futures: Various
 
josh's Avatar
 
Posts: 4,897 since Jan 2011
Thanks: 5,143 given, 11,242 received


GaryD View Post
Nice confluence zone short possibility for tomorrow.

Gary, this is my 60m chart and the zone I drew last night (shaded in blue). It is primarily based on the POC of the entire down move, good to see that your confluence zones line up with what I have here, though after the strength today I'll be careful with shorting.

EDIT: for any pivot followers, the weekly pivot is right there as well. Also looks like the red lines I drew (again, based solely on the profile) also are very similar to the lines you have above (except maybe the top one). Interesting how different methods of analysis can have similar targets.

Attached Thumbnails
Catching Big Waves - a trader's journal of surfing the the markets-espoc.png  
The following user says Thank You to josh for this post:
 
  #457 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

CL futures

CL set up for 10-05-2011. longs all day long on pullbacks after confirmation.

2011-10-05_1351 - Tariq01's library

The following user says Thank You to mfbreakout for this post:
 
  #458 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received


mfbreakout View Post
CL set up for 10-05-2011. longs all day long on pullbacks after confirmation.

2011-10-05_1351 - Tariq01's library


looking at charts of 10-03-2011 along with 10-05-2011, very similar A up ;evels and price action. On 10-03-2011, A up level was broken to the downside later in the day after run up of 160 ticks or so. Today, it was up and up. A up level was never violated today.


http://www.screencast.com/t/lsYSubXik0Ov

http://www.screencast.com/t/Syv8KFk5SJ

 
  #459 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

CL futures

Day trading Vs Dreaming.

2011-10-06_1447 - Tariq01's library

 
  #460 (permalink)
Membership Permanently Revoked
 
Futures Experience: Intermediate
 
Posts: 1,176 since Nov 2009
Thanks: 221 given, 844 received



mfbreakout View Post
Day trading Vs Dreaming.

2011-10-06_1447 - Tariq01's library

btw, from your chart comments... there is only one A during the day... I also noticed that you trade 1m charts... so unles price traded for half the OR above/below the A, it wasnt a confirmed A.. an A-up didnt really take place until mid-afternoon.. the rest was just range trading..

Attached Thumbnails
Catching Big Waves - a trader's journal of surfing the the markets-.png  

Closed Thread



futures io > > > Catching Big Waves - a trader's journal of surfing the the markets

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
Surfing and Trading shodson Psychology and Money Management 14 September 28th, 2015 01:26 PM
Little League to the Big Leagues - Journal of a simple trader rtrade Elite Trading Journals 142 July 23rd, 2011 05:22 PM
Trader 11 Journal greggdd Trading Journals 15 March 18th, 2011 12:53 AM
New Beginnings: The Journal of a Trader's Journey to Equanimity plethora Trading Journals 122 March 5th, 2011 11:13 PM
Rookie Future Trader Alex's Trading Journal alex123 Elite Trading Journals 69 June 20th, 2010 04:14 AM


All times are GMT -4. The time now is 04:24 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 2017-12-12 in 0.14 seconds with 20 queries on phoenix via your IP 54.82.112.193