PowerBroker's journal - futures io
futures io



PowerBroker's journal


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one PowerBroker with 113 posts (19 thanks)
    2. looks_two wldman with 8 posts (0 thanks)
    3. looks_3 Big Mike with 6 posts (2 thanks)
    4. looks_4 Cloudy with 6 posts (0 thanks)
      Best Posters
    1. looks_one tigertrader with 2 thanks per post
    2. looks_two Private Banker with 1 thanks per post
    3. looks_3 Big Mike with 0.3 thanks per post
    4. looks_4 PowerBroker with 0.2 thanks per post
    1. trending_up 14,907 views
    2. thumb_up 25 thanks given
    3. group 10 followers
    1. forum 149 posts
    2. attach_file 45 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

(If you already have an account, login at the top of the page)

Closed Thread
 
Search this Thread
 

PowerBroker's journal

(login for full post details)
  #11 (permalink)
 PowerBroker 
DetroitMIUSA
 
 
Posts: 193 since Feb 2012

Love the Renko's Wiz I just could not make them work. I can see PA really good with them. Just got FUBAR trading them though.

ATR set to 4 tells you exactly how much you can expect to make on the trade "right now". It may go further but if you set your PT to what the ATR is telling you can realistically get right now then you know exactly what you can expect to make in money RIGHT NOW. Try it out. I round down even to be conservative if it says 1.75 points I will set my PT for 6 ticks. If you can get your head around this philosophy "the market is ALWAYS going to be there" thus your next set up WILL come. YOU will make money with this method. JMO


Can you help answer these questions
from other members on futures io?
TOS plotting horizontal line for open in renko chart
ThinkOrSwim
Simple code to end my indicator
NinjaTrader
Running two strategies on one chart; Has anyone done it …
MultiCharts
Exiting BTC with a Cash and Carry Premium Arbitrage
Traders Hideout
nas100
Crypto Futures
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Vinny E-Mini & Algobox Review TRADE ROOM
76 thanks
Would you share your Holy Grail?
57 thanks
Spoo-nalysis ES e-mini futures S&P 500
31 thanks
EURUSD M6E/6E Euro
20 thanks
new Emini hours problems!!!
10 thanks
 
(login for full post details)
  #12 (permalink)
 PowerBroker 
DetroitMIUSA
 
 
Posts: 193 since Feb 2012

Wiz I do not recommend trading 10 cars. I agree that is where the real money can be made. In trading size that is. IF you have 100k account. If you don't have 100k and you are trading 10 cars it's a lose lose eventually cuz there WILL be a losing streak at some juncture. Could be 2 could be 25. IN a row. You never know.. RIGHT?? Market does what it wants to do!!

I truly believe that over trading is trading to much size for your account to withstand a substatial draw down. When will it happen? Do you really want to find out that way?? I certainly don't.

 
(login for full post details)
  #13 (permalink)
 PowerBroker 
DetroitMIUSA
 
 
Posts: 193 since Feb 2012



Quoting 
I just need to grow a set, so I can trade 10 at a time.

I'd say the better plan would be to grow you account to 100k OR MORE. AGAIN JMO Mike if your lurking what would you say??


Quoting 

I never want to hear you say that again. ARE WE CLEAR?? ARE WEEEE CLEEEEAR?? ANSWER= CRYSTAL.. If you know what movie that line is from you'll win a fabulous prize..

 
(login for full post details)
  #14 (permalink)
 PowerBroker 
DetroitMIUSA
 
 
Posts: 193 since Feb 2012

Ultimately my grand plan is to get this method down pat for ES then fire it up at the ATM cash machine sorry I meant market..LOL The next step in the plan is to develop a profitable method for an alternate instrument to trade should the ES get below 1. No need to be in that environment as you will get FUBAR and just take to many chances. Not worth it to me. I like my money to much.

I am researching 6E ZW and 6A. They all look promising. Further testing is needed and the issue of them being an alternative instrument to trade is TBD.

 
(login for full post details)
  #15 (permalink)
 PowerBroker 
DetroitMIUSA
 
 
Posts: 193 since Feb 2012


Quoting 
CL is a very volatile instrument. It is not for beginners. It makes ES seem like watching paint dry.

Freakin A for sure!!! It's the predictability of ES that makes it like the ATM cash machine!!!

 
(login for full post details)
  #16 (permalink)
 rdtw 
Des Moines Iowa United States
 
Experience: Intermediate
Platform: NT Ensign MT4
Trading: drums
 
Posts: 120 since Sep 2010
Thanks: 14,309 given, 38 received


PowerBroker View Post
I'd say the better plan would be to grow you account to 100k OR MORE. AGAIN JMO Mike if your lurking what would you say??

I never want to hear you say that again. ARE WE CLEAR?? ARE WEEEE CLEEEEAR?? ANSWER= CRYSTAL.. If you know what movie that line is from you'll win a fabulous prize..

A Few Good Men? ... not sure what FUBAR is though? ...

 
(login for full post details)
  #17 (permalink)
 PandaWarrior 
In the heat
 
Experience: None
 
PandaWarrior's Avatar
 
Posts: 3,163 since Mar 2010
Thanks: 6,328 given, 13,388 received


rdtw View Post
A Few Good Men? ... not sure what FUBAR is though? ...

FUBAR.....F*&@ked Up Beyond All Recognition.....

Websters Dictionary describes as.

1. Often used just after a military operation goes bad....

2. Phrase central bankers around the world use in private to describe Greece, Italy, Portugal or any other heavily indebted country.

3. More likely OP used it to describe his account after trading live to early.......

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
 
(login for full post details)
  #18 (permalink)
 PowerBroker 
DetroitMIUSA
 
 
Posts: 193 since Feb 2012

Beccccccckkkkkkks. You won a gr8t prize..

A fabulous trip to the bottomless "money pit" that is the market.. Have a profitable trip Beccckkks!

 
(login for full post details)
  #19 (permalink)
 PowerBroker 
DetroitMIUSA
 
 
Posts: 193 since Feb 2012

I just read a post that said the person wears a suit to trade in.. I though to myself hell I don't wear anything at all.. THAT is the beauty of trading. Anytime from anywhere in the world you want and apparently wearing OR NOT wear anything you want...LMAO

 
(login for full post details)
  #20 (permalink)
 PowerBroker 
DetroitMIUSA
 
 
Posts: 193 since Feb 2012



Quoting 
More likely OP used it to describe his account after trading live to early......

LMAO Freakin A... ME 2.. Ahhh what's 4 large right?? = 2000 pounds +/- of fuel for the G5.

Trade smart OR JUST DON'T TRADE...


Closed Thread

futures io Trading Community Trading Journals > PowerBroker's journal


Last Updated on April 9, 2012


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), 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