Short term TF trading - Trading Journals | futures io social day trading
futures io futures trading


Short term TF trading
Updated: Views / Replies:84,441 / 797
Created: by indextrader7 Attachments:289

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
 289  
 
Thread Tools Search this Thread
 

Short term TF trading

  #601 (permalink)
Membership Temporarily Revoked
Birmingham, AL
 
Futures Experience: Advanced
Platform: Sierra
Broker/Data: several
Favorite Futures: several
 
Posts: 1,065 since Apr 2012
Thanks: 713 given, 2,758 received

8-27 trade 1

This first trade was counter-trend I know, but I saw it as a nice break out failure trade. Price broke below a support level, and also to another support level, then quickly rejected the breakout. Turns out this was a perfect time for a counter trend trade as the low of the day had been printed. I exited half the position as price broke below the previous swing low on the lower 20 tick timeframe by a tick or two. Probably needed a little more breathing room. Exited 2nd half at breakeven due to being afraid the trade wouldn't work out.

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

Reply With Quote
The following user says Thank You to indextrader7 for this post:
 
  #602 (permalink)
Membership Temporarily Revoked
Birmingham, AL
 
Futures Experience: Advanced
Platform: Sierra
Broker/Data: several
Favorite Futures: several
 
Posts: 1,065 since Apr 2012
Thanks: 713 given, 2,758 received

trade 2

The 2nd trade I suppose was taken because I didn't money on the first, as well as the fact that up until I entered the short, price had only slowly worked higher (which looks more like a pullback to me for the downtrend to continue). Pulled back to the previous swing lows and showed some strength to the downside so I hopped in. I'm sure there's something I'm missing here, but I can't see what's really wrong with it. Look forward to input.

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

Reply With Quote
 
  #603 (permalink)
Membership Temporarily Revoked
Birmingham, AL
 
Futures Experience: Advanced
Platform: Sierra
Broker/Data: several
Favorite Futures: several
 
Posts: 1,065 since Apr 2012
Thanks: 713 given, 2,758 received

trade 3


After that last strong push upward that stopped me out of trade 2, I'm bullish now. I get a pullback to the same level I went short off of, and fade it. Profits taken nicely at resistance.

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

Reply With Quote
 
  #604 (permalink)
Membership Temporarily Revoked
Birmingham, AL
 
Futures Experience: Advanced
Platform: Sierra
Broker/Data: several
Favorite Futures: several
 
Posts: 1,065 since Apr 2012
Thanks: 713 given, 2,758 received

trade 4

At the entry on trade 4, I'm seeing that yes we've had some strength to the upside, but then we had a strong push down after forming a double top at resistance. I fade the pullback up looking for the downtrend (which still is in tact according to my analysis) to continue.

I was wrong and this was just a complex pullback to form two right side shoulders on an inverse h&s pattern here at support.

In hindsight the trade could have been avoided. My pattern based entry on the lower timeframe was not valid. I thought it formed a lower high, but it didn't give enough confirmation of forming that 2nd swing high and simply continued against me.

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

Reply With Quote
 
  #605 (permalink)
Membership Temporarily Revoked
Birmingham, AL
 
Futures Experience: Advanced
Platform: Sierra
Broker/Data: several
Favorite Futures: several
 
Posts: 1,065 since Apr 2012
Thanks: 713 given, 2,758 received

trade 5

I don't get in for the whole giant upswing due to no real pullbacks, only a couple tiny blips on the way up. Then I get what looks to be a double bottom pullback, and enter. (triple bottom on the lower timeframe actually.) Doesnt' work out.

I suppose a thing to note is the bearish engulfing on both attempts to push higher. More of a double top than a double bottom on this timeframe at least.

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

Reply With Quote
 
  #606 (permalink)
Elite Member
Georgia, US
 
Futures Experience: None
Platform: Various
Favorite Futures: Various
 
josh's Avatar
 
Posts: 4,897 since Jan 2011
Thanks: 5,143 given, 11,242 received

IT7, I know you like to trade early in the day, but your first hour or two of trading is often when the market is gearing up for the US open, which means doing lots of "weeble wobble" (if that's clear). Sometimes the market will establish direction before the cash open, but very often it does not and the pre-open moves are tests of local extremes. I know some people who take trades pre-open to establish a position prior to news, or for some other reason, but the bulk of your trading seems to be at a time of day when the market is most uncertain. Not that I won't take a trade before 9:30ET, but the market is notorious for faking left, right, left, .... and then only by 10am or so (give or take) does it really show its hand. By the way, I know your previous examples do not fit this category, this is just a general thought/question.

Reply With Quote
The following user says Thank You to josh for this post:
 
  #607 (permalink)
Membership Temporarily Revoked
Birmingham, AL
 
Futures Experience: Advanced
Platform: Sierra
Broker/Data: several
Favorite Futures: several
 
Posts: 1,065 since Apr 2012
Thanks: 713 given, 2,758 received

trades 6-8

Here's a problem with the way I analyze trend. On days like this, with large direct swings, the level at which I will declare a trend change is VERY far away, so I'm still in an "uptrend" as price is (in hindsight) in a clear downtrend. maybe this is something I will just accept, because I still have an edge that is profitable despite being wrong in this type of market environment. Maybe I will get better at recognizing these days and switch to more of a scalping style, or more of a position trader for large swings. I don't know at this point.

Trades are another attempt to get long as price shows it's rounding. Then a too quick entry short on a tiny move up, then a pretty good entry short, but price acted pretty weird and I didn't protect profits well enough.

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

Reply With Quote
The following user says Thank You to indextrader7 for this post:
 
  #608 (permalink)
Elite Member
London England
 
Futures Experience: Beginner
Platform: Metatrader
Favorite Futures: Spot $
 
Posts: 90 since Apr 2012
Thanks: 1,073 given, 135 received


indextrader7 View Post
Here's a problem with the way I analyze trend. On days like this, with large direct swings, the level at which I will declare a trend change is VERY far away, so I'm still in an "uptrend" as price is (in hindsight) in a clear downtrend. maybe this is something I will just accept, because I still have an edge that is profitable despite being wrong in this type of market environment. Maybe I will get better at recognizing these days and switch to more of a scalping style, or more of a position trader for large swings. I don't know at this point.

Trades are another attempt to get long as price shows it's rounding. Then a too quick entry short on a tiny move up, then a pretty good entry short, but price acted pretty weird and I didn't protect profits well enough.

Are you using the Lance Beggs definition of a trend change IT7?

Reply With Quote
 
  #609 (permalink)
Elite Member
Waco TX.
 
Futures Experience: Advanced
Platform: Robinhood
Favorite Futures: STOCKS
 
quantismo's Avatar
 
Posts: 214 since Jul 2011
Thanks: 305 given, 145 received

Some extra confirmation helps somtimes

You were looking for some input on your rough patch lately and since your posts are my favorite of all on the forum here and have helped me to be a better trader I just wanted to give you my insights on what may help some.

I trade the 4 range chart on the tf on my main screen then watch for high prababilty price action entries, I like to see some confirmation on my 2nd screen with a $tick chart using my TOS platform from TD Ameritrade and on my third screen I have a basic 1 minute candlestick chart with updown volume bars and stochastics. Nothing fancy in any of these but I find quite often I can get a better read on where price may go if I combine the information I see on all 3 screens vs just the 4 range screen.
You Usually do a very good job at managing your trades once in them so I dont think you need any outside advice on that.
Thanks Quantismo

Reply With Quote
The following user says Thank You to quantismo for this post:
 
  #610 (permalink)
Membership Temporarily Revoked
Birmingham, AL
 
Futures Experience: Advanced
Platform: Sierra
Broker/Data: several
Favorite Futures: several
 
Posts: 1,065 since Apr 2012
Thanks: 713 given, 2,758 received


What a week this is. I went 7/7 winners today, and made nearly double what I lost yesterday. I guess it all averages out to my usual average stats. Just goes to show not to get too excited about any single session... given that you are following your rules and such.

Reply With Quote
The following 3 users say Thank You to indextrader7 for this post:

Reply



futures io > > > Short term TF trading

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
Spanish Short-Term Bill Yields Jump Dramatically Quick Summary News and Current Events 0 November 22nd, 2011 07:00 AM
very short-term "Swing" trading heywally The Elite Circle 2 May 13th, 2011 02:30 PM
Short term trading - ticks, fills and amount of trades Twiddle Beginners and Introductions 8 October 30th, 2010 10:16 PM
SHORT TERM trading instruments (5m or lower) ikeaboy Traders Hideout 12 August 14th, 2010 01:26 PM
Is there a big difference between trading long and trading short ? kittyan Traders Hideout 16 July 30th, 2010 07:19 AM


All times are GMT -4. The time now is 08:30 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 2017-12-10 in 0.14 seconds with 20 queries on phoenix via your IP 54.83.122.227