Koyaanisqatsi Hototo--wldman out of balance - Trading Journals | futures io social day trading
futures io futures trading


Koyaanisqatsi Hototo--wldman out of balance
Updated: Views / Replies:55,846 / 695
Created: by wldman Attachments:53

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
 53  
 
Thread Tools Search this Thread
 

Koyaanisqatsi Hototo--wldman out of balance

  #161 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,041 since Jun 2009
Thanks: 29,184 given, 82,303 received

Enjoy your vacation, and Happy Fathers Day!

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #162 (permalink)
Elite Member
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,057 since Aug 2011
Thanks: 966 given, 2,587 received

Thanks Mike...

How are your vacation plans coming?

Reply With Quote
 
  #163 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,041 since Jun 2009
Thanks: 29,184 given, 82,303 received



wldman View Post
How are your vacation plans coming?

Looking at renting a place in Costa Rica, and/or a cruise.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #164 (permalink)
Elite Member
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,057 since Aug 2011
Thanks: 966 given, 2,587 received

Manuel Antonio...

muy bonita! Quepos ir de pesca. Costa Rica viajes de naturaleza. Cervesa fria!...Just do it Mike

Reply With Quote
The following user says Thank You to wldman for this post:
 
  #165 (permalink)
Elite Member
western ny
 
Futures Experience: Intermediate
Platform: ninjatrader
Broker/Data: Amp Futures/CQG
Favorite Futures: 6E, ES
 
hunter548's Avatar
 
Posts: 104 since Nov 2009
Thanks: 197 given, 90 received


wldman View Post
@traderf1

I am happy to hear that you enjoy and may benefit from the posts here.

Absolutely critical in this business that you recognize when conditions are against your position AND kill the loser little. Almost everyone knows right away when the tape is against them. Most tend to hold their view and remain certain that they are correct and that the market will come around to their view. That is insane. Even worse is the notion that suspends reality and convinces someone to "double up" on a loser to average their price. That is for LOSERS! Never ever average a loser. If you learn to add to winners and lock profits as you go, you will bank a tall stack real quick.

Exactly right on the "off days". In the trailing 12 months I have had 14 losing days. Granted there are many days (50-60) on which I did not trade, but here is the deal. I suggest that you journal every trade. Go back and study the how and the why and spend twice as much time looking at the losers. The losers hold the lessons. Make it your mission to eliminate or improve the worst 20% of your trades. In time you will be looking at exits on winners. It sounds strange, but your cognitive rubric will become focused on avoiding or extending little winners. You will become aware of risk/reward set ups in a a different way. I can explain that in detail later if you'd like.

As for this template and what is displayed. The actual "trigger" is a bar close above or below the modified bollinger bands. The acci zero line cross very often is the final set up indicator and I do like those to be co-incident. So yes the inner blue channel is a 21 period bb at .25 standard deviations. Those outer bands are a very interesting story. They are simply two incidents of keltner channel, 36 period, 3x the period atr...the outer band 4.32x atr.

My intent in the thread was two fold. I did not plan to lay out indicators or settings or application of trade logic until someone asked. So I am happy that you did that. Tomorrow I depart for a few weeks and I will not be posting. However, when I return I will pick that up and go through each of the elements here and give the why and the how of it.

3 or 4 nice trades in there today before 8am

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

I like your use of the BB and Keltner. How do you hide the anaKeltner centerline plot? I played around with various Keltner settings and also played a bit with the code, but the centerlines still plot.

thx

Reply With Quote
The following user says Thank You to hunter548 for this post:
 
  #166 (permalink)
Elite Member
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,057 since Aug 2011
Thanks: 966 given, 2,587 received

I do not know...

@hunter548

let me check on that.

Reply With Quote
 
  #167 (permalink)
Elite Member
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,057 since Aug 2011
Thanks: 966 given, 2,587 received

Okay guys...

I'm back from vacation...for now. The power was off here all weekend, just came back on in time for Independence Day. I will be out the rest of the week and then possibly at Boy Scout camp next week....so I do not think I will be too aggressive today.

The guy I visited in Colorado is a former CME guy still active with some bank and fund customers. He had a great week followed by a less than sterling week with this method last week. Since we both have our hands full trading is, at most, a back story this week. I feel slow, and dumb...clearly the fool as I have not seen or heard markets or news in over two weeks.

Reply With Quote
 
  #168 (permalink)
Elite Member
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,057 since Aug 2011
Thanks: 966 given, 2,587 received

bollinger mid line

@hunter548

Hunter-

The version I am using for bands allows me to set the mid or MA line to the same color as the chart background.

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

Reply With Quote
 
  #169 (permalink)
Elite Member
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,057 since Aug 2011
Thanks: 966 given, 2,587 received

Keltner not Bollinger

Sorry about that.

I am not sure how I am hiding the center line or MA on the Keltner. We can ask @Fat Tails about that as he is the contributor of that great tool.

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

Reply With Quote
 
  #170 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,603 since Mar 2010
Thanks: 4,222 given, 25,387 received
Forum Reputation: Legendary


@wldman:

The current indicator does not allow you to do that.

I have recently coded a modified version of the Bollinger Universal, and I could quickly add the same features to the Keltner Universal. Before I do that could you please check that the Bollinger Universal as attached suits your need?

Also I remember that I had promised to code something for you a couple of days ago, but I cannot remember what it was....


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

Attached Files
Register to download File Type: zip BollingerUniversalX.zip (30.2 KB, 26 views)
Reply With Quote
The following 2 users say Thank You to Fat Tails for this post:

Reply



futures io > > > Koyaanisqatsi Hototo--wldman out of balance

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Battlestations: Show us your trading desks and win $750 in prizes

August
 

Ask Me Anything (AMA) w/Rod Casilli @ Collective2

Aug 23
 

Prototyping Python Strategies (part 3, Live Trading) w/Ran Aroussi [1PM ET]

Elite only
 

Develop Strategies and Perfect Execution w/Brannigan Barrett @ Axia Futures

Elite only

Introduction to Phillip Capital futures brokerage services

Aug TBD

How Monte Carlo Analysis Can Help Your Trading w/Kevin Davey

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Balance of Power Indicator !!!!! Sadboybh NinjaTrader Programming 12 May 17th, 2012 10:25 AM
Minimum account balance to keep it active? jonc Reviews of Brokers and Data Feeds 5 January 21st, 2011 09:33 PM
strategy runnning balance binthere EasyLanguage Programming 1 September 5th, 2010 07:09 PM
50% Balance Point Rule perryg NinjaTrader Programming 74 May 13th, 2010 04:19 PM
Hedging to balance losing trade emini_Holy_Grail Traders Hideout 1 February 5th, 2010 10:28 AM


All times are GMT -4. The time now is 02:56 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 2017-08-19 in 0.12 seconds with 20 queries on phoenix via your IP 54.80.226.185