Trade without confirmation...! - Trading Journals | futures io social day trading
futures io futures trading


Trade without confirmation...!
Updated: Views / Replies:1,751 / 19
Created: by linkon7 Attachments:0

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
 

Trade without confirmation...!

  #11 (permalink)
Trading for Fun
India
 
Futures Experience: Intermediate
Platform: Amibroker
 
linkon7's Avatar
 
Posts: 73 since Sep 2010
Thanks: 52 given, 60 received


linkon7 View Post

first trade of the day :

Buy reliance march 8400 call @ 36.20
exit strategy : short futures at 830.85 on spot
tgt 854

Remark : Don't want to scalp this as the counter is not very liquid. Have to hold this for few days. Could have gone long for the futures contract and play for a scalp but decided to give it room with minimum damage to over night position.

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


clear trend says a bar high below 838.95 is good reason to exit position also....

Reply With Quote
 
  #12 (permalink)
Trading for Fun
India
 
Futures Experience: Intermediate
Platform: Amibroker
 
linkon7's Avatar
 
Posts: 73 since Sep 2010
Thanks: 52 given, 60 received

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


trade 2

buy 5500 straddle for total of 44 (24+20)
target : 60

remark : Expiry days normally produce a 60+ move. the HOD is 5520, LOD is 5480, giving room for another 20-25 point move from the extreme. It should be enough o give me my target. LOD made on 5500 call is 16.70 while 5500 put has made LOD of 16.75. Stoploss of 15 on both leg should give a room for 45 points tgt on the winning leg...

Reply With Quote
The following user says Thank You to linkon7 for this post:
 
  #13 (permalink)
Trading for Fun
India
 
Futures Experience: Intermediate
Platform: Amibroker
 
linkon7's Avatar
 
Posts: 73 since Sep 2010
Thanks: 52 given, 60 received



linkon7 View Post

trade 2

buy 5500 straddle for total of 44 (24+20)
target : 60

remark : Expiry days normally produce a 60+ move. the HOD is 5520, LOD is 5480, giving room for another 20-25 point move from the extreme. It should be enough o give me my target. LOD made on 5500 call is 16.70 while 5500 put has made LOD of 16.75. Stoploss of 15 on both leg should give a room for 45 points tgt on the winning leg...

total now trading at 42...

modified sl at 12.05 for each leg...

Reply With Quote
 
  #14 (permalink)
Trading for Fun
India
 
Futures Experience: Intermediate
Platform: Amibroker
 
linkon7's Avatar
 
Posts: 73 since Sep 2010
Thanks: 52 given, 60 received


linkon7 View Post

first trade of the day :

Buy reliance march 8400 call @ 36.20
exit strategy : short futures at 830.85 on spot
tgt 854

need to secure some profit for this trade... exited half @ 39.95

Reply With Quote
 
  #15 (permalink)
Trading for Fun
India
 
Futures Experience: Intermediate
Platform: Amibroker
 
linkon7's Avatar
 
Posts: 73 since Sep 2010
Thanks: 52 given, 60 received


linkon7 View Post
total now trading at 42...

modified sl at 12.05 for each leg...

still no directional conviction in either direction....

total now stand at 41

Reply With Quote
 
  #16 (permalink)
Trading for Fun
India
 
Futures Experience: Intermediate
Platform: Amibroker
 
linkon7's Avatar
 
Posts: 73 since Sep 2010
Thanks: 52 given, 60 received


linkon7 View Post
still no directional conviction in either direction....

total now stand at 41

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


total now at 42...

nifty at key support level... break of this gives tgt of 5452-5393

Reply With Quote
 
  #17 (permalink)
Trading for Fun
India
 
Futures Experience: Intermediate
Platform: Amibroker
 
linkon7's Avatar
 
Posts: 73 since Sep 2010
Thanks: 52 given, 60 received

this drifting action towards key level saw demand at key level...

trend remains down.. conviction on down side remains low...! not a good sign for my long straddle... good news is..both legs are intact... modifying sl might prove to be a disaster also... but options will hit LOD before UL and it did...!

another 3 and a half hour to go...!

Reply With Quote
 
  #18 (permalink)
Trading for Fun
India
 
Futures Experience: Intermediate
Platform: Amibroker
 
linkon7's Avatar
 
Posts: 73 since Sep 2010
Thanks: 52 given, 60 received

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


projected tgt hit on spot...
5461

sl hit on 5500 call at 12.05
exited 5500 put at 38.00

total = 50... net gain of 6-1 - 5 points...

day over....!

Reply With Quote
 
  #19 (permalink)
Trading for Fun
India
 
Futures Experience: Intermediate
Platform: Amibroker
 
linkon7's Avatar
 
Posts: 73 since Sep 2010
Thanks: 52 given, 60 received

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

https://www.exness.com/monitor/trial_account/310470
practice account...!
EURJPY almost near tgt...


time for exiting....


Last edited by linkon7; February 23rd, 2012 at 04:41 AM. Reason: adding the url
Reply With Quote
 
  #20 (permalink)
Trading for Fun
India
 
Futures Experience: Intermediate
Platform: Amibroker
 
linkon7's Avatar
 
Posts: 73 since Sep 2010
Thanks: 52 given, 60 received

summary of the week...!


I won't be trading tomorrow... so a summary of the week gone by is in order. So far, 23 trades done, 2 hit stop loss, 6 were scratch trades and 14 hit target or gave decent exits, 1 trade is still open and is in m2m profit.

Execution were good in most trades. Area to ponder is the trend definition by guppy's clear trend method. Concept appears interesting. Will have to do some back testing and keep it on active watch for next week.

The 5500 straddle trade went picture perfect. There was room for huge mess up if i didn't exit the put at 38. Next time t\have to remind myself to trail the open leg at breakeven. We went to break the HOD and the trade would be scary.

The reliance trade was better done with futures instead of options. Weekend decay will eat away some profit and holding longs on a market retracing from 7 month high was not so good idea to begin with. Could have exited the other half with decent profit and there was plenty of time and incentive to close trade at 849...! giving back profit is a criminal offense and sometimes market will pick pocket of the careless....!

Overall, it was a satisfactory week.

Reply With Quote
The following 2 users say Thank You to linkon7 for this post:

Reply



futures io > > > Trade without confirmation...!

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
[MC] indicator - number of seconds in trade (trade timer) Nicolas11 The Elite Circle 5 June 12th, 2013 07:00 PM
Comstock partners: More Confirmation Of The Economic Slowdown kbit News and Current Events 0 May 29th, 2011 12:22 PM
abundant confirmation cory Off-Topic 3 November 25th, 2010 04:55 AM
Need confirmation of NT code please Saroj NinjaTrader Programming 4 September 26th, 2009 01:51 PM


All times are GMT -4. The time now is 09:44 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 2017-12-17 in 0.17 seconds with 19 queries on phoenix via your IP 54.226.34.209