Trading breakouts with stage analysis - Trading Journals | futures io social day trading
futures io futures trading


Trading breakouts with stage analysis
Updated: Views / Replies:14,875 / 101
Created: by isatrader Attachments:320

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 – 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 don’t 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
 320  
 
Thread Tools Search this Thread
 

Trading breakouts with stage analysis

  #101 (permalink)
Elite Member
London, England
 
Futures Experience: Intermediate
Platform: Stockcharts, NinjaTrader, ProTA
Favorite Futures: Silver, Gold, ES
 
isatrader's Avatar
 
Posts: 180 since Sep 2011
Thanks: 68 given, 205 received

Current Open Trades

Since I closed out my medium term positions in stocks on 12th March I've moved to a more short term trading phase focusing on commodities trading both long and shorts. I've put on 16 new positions since then of which four are now closed with 3 winners in Silver, GBP/USD and KLR.L and one loss in Corn. So I've now got 12 open positions which have mostly been opened in the last week or so, and for the commodities picks I've been trialling Dorsey's matrix service and have created a custom futures matrix which shows the peer relative strength in a large table of point and figure signals which I've attached. This is a supplementary tool to my normal method as peer to peer relative strength is very important to that.

It's early days for the picks, so there hasn't been much movement yet, but below is the table of the open trades.

Current Trades
Entry DateTickerDescriptionSectorLong/ShortEntry PriceCurrent PriceEntry StageCurrent StageATR(200) %Grade
3/14/12GC_FGold-S1650.211645.5133B0.13%C-
3/22/12GC_FGold-S1634.181645.5133B-0.31%D
3/14/12GBP/USDPound / US Dollar-L1.570451.588812A1.76%A-
3/19/12GBP/USDPound / US Dollar-L1.588311.58881B2A0.05%C-
3/30/12GBP/USDPound / US Dollar-L1.602111.58882A2A-1.28%F
3/19/12HG_FCopper-L3.90043.882511B-0.16%D
3/26/12HG_FCopper-L3.90043.869711B0.11%C-
3/28/12SB_FSugar-S0.246870.246771A-1A-0.01%C-
3/29/12O_FOats-L3.47973.40171B1B-1.26%F
3/29/12CT_FCotton-L0.935530.920774B-4B--0.49%D
4/2/12W_FWheat-L6.49656.55214B-4B-0.32%C-
4/3/12C_FCorn-L6.55786.57581A1A0.10%C-

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

"Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill" – Reminiscences of a Stock Operator.
Reply With Quote
The following 2 users say Thank You to isatrader for this post:
 
  #102 (permalink)
Elite Member
London, England
 
Futures Experience: Intermediate
Platform: Stockcharts, NinjaTrader, ProTA
Favorite Futures: Silver, Gold, ES
 
isatrader's Avatar
 
Posts: 180 since Sep 2011
Thanks: 68 given, 205 received

Market Breadth Update

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


All four of the breadth indicators listed above are now in a column of Os with an additional sell signal in the NYSE Percent of Stocks above their 200 day moving average ($NYA200R) as it dropped below the key 70% level.

The NYSE Bullish Percent Index ($BPNYA) has now changed to Bear Alert status as it reversed to a column of Os and dropped below 70%. However, the short term breadth chart of the NYSE Percent of Stocks above their 50 day moving average ($NYA50R) has fallen to it's lowest level since the November bottom and has now entered the low risk area below 30%. So almost everyone who wants to sell in the short term has already sold, but that doesn't mean the market can't drop further as you need to wait for demand to come back in and a reversal on the chart back above the 30% level. So I'm going to be watching closely for a new short term buy signal on the $NYA50R chart, but if the down move is more serious then it can linger at the lower levels for a while.

Below are the breadth charts:

NYSE Bullish Percent Index ($BPNYA) - this is a compilation of the percent of stocks that trade on the NYSE that are on Point and Figure buy signals and tells you whether to be offensive or defensive with your strategy.
  • Xs = offense
  • Os = defense
  • 30% and 70% are the oversold and overbought areas where risk is highest
  • All stocks have an equal vote
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


NYSE Percent of Stocks above their 200 day moving average ($NYA200R) - this is a measure of the percent of stocks on the NYSE that are trading above their 200 day moving average

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


NYSE Percent of Stocks above their 150 day moving average ($NYA150R) - this is a measure of the percent of stocks on the NYSE that are trading above their 150 day (30 week) moving average

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


NYSE Percent of Stocks above their 50 day moving average ($NYA50R) - this is a measure of the percent of stocks on the NYSE that are trading above their 50 day (10 week) moving average

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

"Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill" – Reminiscences of a Stock Operator.
Reply With Quote
The following user says Thank You to isatrader for this post:

Reply



futures io > > > Trading breakouts with stage analysis

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
Market Aftershock May Be Setting the Stage for Recovery Quick Summary News and Current Events 0 August 13th, 2011 11:50 AM
Trading breakouts on the news PowerM Emini Index Futures Trading 5 June 6th, 2011 07:54 AM
How do I avoid early market false breakouts grego The Elite Circle 30 April 16th, 2011 11:27 AM
aviat72's Journey: From Analysis to Trading aviat72 Elite Trading Journals 24 August 7th, 2010 01:54 PM
Webinar Trading Video: Live Trading and Technical Analysis of EuroStoxx 50 max-td Trading Reviews and Vendors 1 March 13th, 2010 07:35 AM


All times are GMT -4. The time now is 07:41 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 0.09 seconds with 20 queries on phoenix via your IP 54.226.132.197