Hotch's Bit of Everything - Trading Journals | futures io social day trading
futures io futures trading


Hotch's Bit of Everything
Updated: Views / Replies:5,219 / 91
Created: by Hotch Attachments:42

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
 42  
 
Thread Tools Search this Thread
 

Hotch's Bit of Everything

  #21 (permalink)
Elite Member
Ingatestone
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 133 since Feb 2012
Thanks: 21 given, 54 received

Musings on Risk

I don't think I'm going to get into anything else today, so might as well put down some more thoughts. I realised I didn't put a stop on the oil call (was $1 away), apologies.

So my stop and target on crude was 40 ticks today. I think a friend of mine thought this was excessive, maybe others do too, especially when I've been trading with 4 tick stops on the ES. As mentioned before though, crude is 10x more volatile (measure by ATR), so it seems pretty mundane to me.

Fixed tick/pip/$ stops and targets are just don't make sense to me. The vast majority of my targets and stops are based on highs/lows which are automatically adjusted to volatility, occasionally I'll use a multiple of ATR (all time new highs for example). Volatility also comes into affordability of contracts. It shouldn't just be the margin required, or the tick size.

I guess none of that is new to anyone beyond rookie years, but I guess it should be mentioned, try and post something more interesting later.


Long QM 106.25-107.25
$495.86

Total: $495.86

EDIT: I forgot to post the screencap, thought I'd put it on earlier. Note I was trading off the hourly chart from before, but that doesn't show much.

Dovie'andi se tovya sagain.
Attached Thumbnails
Hotch's Bit of Everything-wtit1.png  

Last edited by Hotch; March 5th, 2012 at 03:00 PM. Reason: Forgot attachment earlier today :X
Reply With Quote
 
  #22 (permalink)
Elite Member
Ingatestone
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 133 since Feb 2012
Thanks: 21 given, 54 received

Crude expectation for today

Buying crude 106.55, stop 106.3. Expect to make new highs, say 107.7, and return to test 107.25

Dovie'andi se tovya sagain.
Reply With Quote
 
  #23 (permalink)
Elite Member
Ingatestone
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 133 since Feb 2012
Thanks: 21 given, 54 received


Out @ B/E, probably should of exited off the break of a low on m15, but had to pop out so just moved stop there. Looking to sell a retest of 106.35 now I think.


...but for now, long 1353 on ES

EDIT: Another B/E, sigh

Dovie'andi se tovya sagain.

Last edited by Hotch; March 6th, 2012 at 06:18 AM.
Reply With Quote
 
  #24 (permalink)
Elite Member
Ingatestone
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 133 since Feb 2012
Thanks: 21 given, 54 received

Been out travelling from TESCO to TESCO (long story). Missed all the fun.

Long Oil $104.9 on dodgy bucket shop sim

Dovie'andi se tovya sagain.
Reply With Quote
 
  #25 (permalink)
Elite Member
Ingatestone
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 133 since Feb 2012
Thanks: 21 given, 54 received

Stop moved to $105.15

Dovie'andi se tovya sagain.
Reply With Quote
 
  #26 (permalink)
Elite Member
Ingatestone
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 133 since Feb 2012
Thanks: 21 given, 54 received

Long crude again off m5 trendline.

EDIT: stop to b/e, I'm falling asleep in my chair, so probs a good idea!

Dovie'andi se tovya sagain.

Last edited by Hotch; March 6th, 2012 at 12:08 PM.
Reply With Quote
 
  #27 (permalink)
Elite Member
Ingatestone
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 133 since Feb 2012
Thanks: 21 given, 54 received

Out for 10, going to have a nap. (hopefully after will format this, and post some more thoughts, I thought of something really good to write about, but forgot it)

-$4.14 (b/e)
-$4.02 (b/e)
$120.86
$120.86

Total: $233.56

Dovie'andi se tovya sagain.

Last edited by Hotch; March 6th, 2012 at 03:56 PM.
Reply With Quote
 
  #28 (permalink)
Elite Member
Ingatestone
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 133 since Feb 2012
Thanks: 21 given, 54 received

Potential Setups

Hindsight's a wonderful thing eh?

I missed the good trades today because I was out, but there were other good ones. I find it a good exercise to look at the chart at the end of the day and see what I could of traded, compared to what I did. I get a bye today because I was out .

So, 4th touches of trendlines, first one works, second one provides the one loss of the day, and obviously the breakout is another signal. A Bear flag is formed after the initial move down, and the further move down is another setup which worked out great.

Further on the way down, we have a small retracement to yesterday's low to the pip. I find on sharp moves, levels get very technical, and really like these setups, as it lets you get on the big moves without the large risk attached to selling breakouts with traditional methods.

We end with a few bounces on the low. Whether these would be successful is a lot more dependent on individual strategy/method, but most would of got +ev I think.


Of course my trades were in none of these places, but there's always tomorrow!

Dovie'andi se tovya sagain.
Attached Thumbnails
Hotch's Bit of Everything-potentials.png  
Reply With Quote
 
  #29 (permalink)
Elite Member
Ingatestone
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 133 since Feb 2012
Thanks: 21 given, 54 received

Short on the pseudo break of the trendline.

EDIT: Closed for -5

EDIT2: lucky me!

Dovie'andi se tovya sagain.
Attached Thumbnails
Hotch's Bit of Everything-wti3.png  

Last edited by Hotch; March 7th, 2012 at 05:09 AM.
Reply With Quote
 
  #30 (permalink)
Elite Member
Ingatestone
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 133 since Feb 2012
Thanks: 21 given, 54 received


Once more short, probs leave it if til US session if this doesn't move now.

update: SAR'd

Dovie'andi se tovya sagain.

Last edited by Hotch; March 7th, 2012 at 06:10 AM.
Reply With Quote

Reply



futures io > > > Hotch's Bit of Everything

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
MultiCharts 8 64-bit Big Mike MultiCharts 32 July 21st, 2012 10:55 PM
32-Bit Vs. 64-Bit plethora Tech Support 11 February 14th, 2011 04:52 PM
Any idea when Zen Fire will be 64 bit spx_tdr Reviews of Brokers and Data Feeds 14 December 3rd, 2010 06:47 AM
NT7 64-bit to 32-bit? benharrell Traders Hideout 3 November 13th, 2010 03:01 PM


All times are GMT -4. The time now is 08:57 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 2017-12-14 in 0.12 seconds with 20 queries on phoenix via your IP 54.221.73.186