Short term TF trading - futures io
futures io futures trading



Short term TF trading


Discussion in Trading Journals

Updated by wrbtrader
      Top Posters
    1. looks_one indextrader7 with 449 posts (941 thanks)
    2. looks_two josh with 36 posts (46 thanks)
    3. looks_3 Victory Trader with 26 posts (3 thanks)
    4. looks_4 cmmichaels with 21 posts (16 thanks)
      Best Posters
    1. looks_one SteveH with 2.7 thanks per post
    2. looks_two indextrader7 with 2.1 thanks per post
    3. looks_3 Traderwolf with 1.6 thanks per post
    4. looks_4 josh with 1.3 thanks per post
    1. trending_up 107,111 views
    2. thumb_up 1,209 thanks given
    3. group 90 followers
    1. forum 797 replies
    2. attach_file 283 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 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)

 
Search this Thread
 

Short term TF trading

(login for full post details)
  #311 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012


Boomer34 View Post
IT7...quick question for ya.

Do you plan to turn on your charts at the same time each morning to start trading? How much flexibility do you have in this?

Basically wondering if you trade pre-market action or maybe if you like to wait for a certain number of bars to print before engaging...

Thanks again for the journal!

Honestly, I don't have a preference at this moment. I'm in central time zone, sometimes I'm looking at charts by 6:30AM, sometimes I'm not up and watching until 8:00.

If I had to say a routine, it seems like as of late I'm watching charts by 7:30 and will take 1 or 2 trades before 8:30 then fire away at will after that open volatility settles down after a few minutes.

With as short of timeframes as I trade, there's ample opportunity anytime before lunch, and sometimes all day. I have a very intense focus... like... really intense... rarely do I not have full concentration on the charts, rarely do I get up from my chair to go to the bathroom or eat, etc. I have a great girlfriend, and a lot of times she cooks some breakfast and comes and eats with me at my desk. I multitask a bit the past few months to stay active on futures.io (formerly BMT), but I find it only makes my focus stronger since it's absolutely necessary to do that.

I think I'm rambling now, but for a concise, and possibly disappointing answer, no I don't have any set plan for times that I trade. Just fire up and go when I'm ready!

Reply With Quote

Can you help answer these questions
from other members on futures io?
Anyone with Overcharts license/experience?
Platforms and Indicators
Move indicator on Chart
NinjaTrader
US OTCQB STOCK Brooker for UK BASED RESIDENT
Brokers
Can anyone help convert this pine script to c# or vb?
MultiCharts
Heat Map on Trendspider
Platforms and Indicators
 
 
(login for full post details)
  #312 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012


Reply With Quote
 
(login for full post details)
  #313 (permalink)
Dallas
 
 
Posts: 11 since Jul 2011
Thanks: 2 given, 3 received


Great log. IT7, it looks like you mainly trade the first 1-3 hours in the morning? That correct?

Reply With Quote
 
(login for full post details)
  #314 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012


stok View Post
Great log. IT7, it looks like you mainly trade the first 1-3 hours in the morning? That correct?

That is correct. When I go back and look at charts, I sometimes think the movement looks nice and smooth later in the day, so I certainly wouldn't mind trading then. I guess I prefer to have laser focus for a few hours, and be done with it. If I'm not profitable in the first few hours, some days I stick around and keep grinding.

Reply With Quote
 
(login for full post details)
  #315 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012

Only traded for an hour this AM. Decent trading (could have let them run more). Two trades +25 ticks:





Continually surprised by the results of focusing on minimizing my drawdowns.

Reply With Quote
 
(login for full post details)
  #316 (permalink)
Las Vegas, NV
 
Experience: Advanced
Platform: Abacus, Slide Rule, HP-65, Metastock, TOS, NT
Trading: Futures
 
aligator's Avatar
 
Posts: 3,424 since Aug 2010
Thanks: 1,057 given, 5,837 received


josh View Post
I like you more and more IT7; I did not realize we have so much in common. What you say here is heresy to many in the masses, but sweet music to my ears. Many are threatened by the "F" word (feel) and the "S" word (subjectivity), because they would prefer to turn their brains and humanity off, and let a computer or a static list of rules tell them what to do.

@josh, @indextrader7,

Totally agree. My father was a successful grain trader and all he carried was a small ledger in his pocket and an abacus on his desk, it was only "F" and "S'.

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to aligator for this post:
 
(login for full post details)
  #317 (permalink)
Thessaloniki, Greece
 
Experience: Beginner
Platform: QTS
Broker: IB
Trading: Equities, NQ
 
Posts: 165 since May 2012
Thanks: 104 given, 390 received


Quoting 
Continually surprised by the results of focusing on minimizing my drawdowns.

Would you mind elaborating on this point a bit? What have you changed? Better stops, only taking higher higher probability setups, or something completely different?

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #318 (permalink)
Dallas
 
 
Posts: 11 since Jul 2011
Thanks: 2 given, 3 received


imPairsonator View Post
Would you mind elaborating on this point a bit? What have you changed? Better stops, only taking higher higher probability setups, or something completely different?

I think he quit averaging down in losing positions.

Reply With Quote
The following user says Thank You to stok for this post:
 
(login for full post details)
  #319 (permalink)
Thessaloniki, Greece
 
Experience: Beginner
Platform: QTS
Broker: IB
Trading: Equities, NQ
 
Posts: 165 since May 2012
Thanks: 104 given, 390 received


stok View Post
I think he quit averaging down in losing positions.

Wow, didn't think there would be such a gigantic difference only from no more averaging down. Very impressive.

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #320 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012


Took half off at +13, hoping for the 2nd half to run run run.


Reply With Quote


futures io Trading Community Trading Journals > Short term TF trading


June 9, 2013


Upcoming Webinars and Events
 

Order Flow Tools w/MotiveWave & Zytrade Brokerage

Oct 22
 

Technical Analysis Workshop w/NinjaTrader

Oct 27
 

Bookmap

Oct TBD
 

SharkIndicators

Oct TBD
 

Carley Garner

Oct TBD
 

GruttePier

Oct TBD
     



Copyright © 2020 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