the easy edge for beginner traders - Trading Journals | futures io social day trading
futures io futures trading


the easy edge for beginner traders
Updated: Views / Replies:78,927 / 1,240
Created: by creekboy Attachments:934

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 – 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 don’t 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
 934  
 
Thread Tools Search this Thread
 

the easy edge for beginner traders

  #1071 (permalink)
Elite Member
phl pa. usa
 
Futures Experience: Advanced
Platform: tos
Favorite Futures: es
 
Posts: 1,126 since Mar 2012
Thanks: 106 given, 347 received

For Alli-

Here's another example of how the low drew itself up to the magnet.

NYSOM

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

:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
Reply With Quote
The following user says Thank You to creekboy for this post:
 
  #1072 (permalink)
Elite Member
phl pa. usa
 
Futures Experience: Advanced
Platform: tos
Favorite Futures: es
 
Posts: 1,126 since Mar 2012
Thanks: 106 given, 347 received

Here's another example on how a magnet works. Notice the blue oval on the bottom of the page, which is the low. We drew a price level from the top left blue oval to the right blue oval to show how the magnet was completed. The blue dotted line is just to show you the length of the trend. Keep in mind that this set up started Monday and completed today, Thursday.
NYSOM

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

:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
Reply With Quote
 
  #1073 (permalink)
Trading for Fun
Bay Area, CA
 
Futures Experience: Intermediate
Platform: Think or Swim
Favorite Futures: YM, ES, 6E Futures, Weekly Vertical Spreads
 
Allistah's Avatar
 
Posts: 136 since Jun 2010
Thanks: 5 given, 64 received


Thanks for the explanation. That helps a lot.

Now that I'm watching this on the chart live, what should I be looking for as far as an entry goes?

Lets say that things are moving up and price is above the trend line like it is right now on the 1h /ES chart.

At what point is a short triggered?

The reason I ask this is because I've seen price move below the trend line and then pop up above it again and make a new high which would have been a loss. So breaking a trend line by itself is not enough to go short.

Reply With Quote
 
  #1074 (permalink)
Trading for Fun
Bay Area, CA
 
Futures Experience: Intermediate
Platform: Think or Swim
Favorite Futures: YM, ES, 6E Futures, Weekly Vertical Spreads
 
Allistah's Avatar
 
Posts: 136 since Jun 2010
Thanks: 5 given, 64 received

Ok, I've done some testing on the 30m charts. I have a few questions now that I've marked the chart all up.

1) It is often where signals are triggered in after market hours. What do you do when a trigger came in during the night?

2) Lets say you are now long and the first bar is the highest after the MA cross. The MA drops below the trend line and after 2 bars you get out for a loss. The two MA lines however never cross and it moves on to make a new high. D you get back in long at any point or do you sit out until you get a short signal?

Thanks,

-Alli

Reply With Quote
 
  #1075 (permalink)
Elite Member
phl pa. usa
 
Futures Experience: Advanced
Platform: tos
Favorite Futures: es
 
Posts: 1,126 since Mar 2012
Thanks: 106 given, 347 received

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


pic of overview


pic 1-note high bar - i use a horizontal bar to give me a time balance to see when possible break would be --also we took the short at 1st signal but market tracked higher -we use a 15 point stop on our pivot short term swing trades so we were still in this trade - you could exit and wait for next setup
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


pic -2
same situation from last night red bar gives best guess for time and distance
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).















Allistah View Post
Ok, I've done some testing on the 30m charts. I have a few questions now that I've marked the chart all up.

1) It is often where signals are triggered in after market hours. What do you do when a trigger came in during the night?

2) Lets say you are now long and the first bar is the highest after the MA cross. The MA drops below the trend line and after 2 bars you get out for a loss. The two MA lines however never cross and it moves on to make a new high. D you get back in long at any point or do you sit out until you get a short signal?

Thanks,

-Alli


:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
Reply With Quote
 
  #1076 (permalink)
Elite Member
phl pa. usa
 
Futures Experience: Advanced
Platform: tos
Favorite Futures: es
 
Posts: 1,126 since Mar 2012
Thanks: 106 given, 347 received

very quiet week - 30 min pivot chart update - banked 16 points per contract traded - i believe that is 4 weeks in a row with 16 points or better for this system - we are currently short form 1412 area with a 15 point stop - we did have a long signal but the 1 trendline was flat and weak -so we stayed in the trade to - we are currently as of this posting 3 points in the red on this trade
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
Reply With Quote
 
  #1077 (permalink)
Trading for Fun
Bay Area, CA
 
Futures Experience: Intermediate
Platform: Think or Swim
Favorite Futures: YM, ES, 6E Futures, Weekly Vertical Spreads
 
Allistah's Avatar
 
Posts: 136 since Jun 2010
Thanks: 5 given, 64 received

Ok, I've got my charts all set up with what I want to do for now. I've decided that I'm going to start with a 1 day and a 1h chart. If the 1 day chart is long, then I will only take long trades on the 1h chart. I'm sure this will generate a few more questions but this is going to be my starting point. I spent all day yesterday until around 11pm working on playing around with the charts on my watch list. We will see what this coming week brings me. :-)

Reply With Quote
 
  #1078 (permalink)
Trading for Fun
Bay Area, CA
 
Futures Experience: Intermediate
Platform: Think or Swim
Favorite Futures: YM, ES, 6E Futures, Weekly Vertical Spreads
 
Allistah's Avatar
 
Posts: 136 since Jun 2010
Thanks: 5 given, 64 received


creekboy View Post
very quiet week - 30 min pivot chart update - banked 16 points per contract traded - i believe that is 4 weeks in a row with 16 points or better for this system - we are currently short form 1412 area with a 15 point stop - we did have a long signal but the 1 trendline was flat and weak -so we stayed in the trade to - we are currently as of this posting 3 points in the red on this trade
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

I set up this exact chart trying to understand exactly what was happening so I can get a better handle on this strategy and it looks like the high at Thursday at 1:30 am (EST) would have been the high. Splitting at that point, it gave an exit signal around 5:30 to 6:00 am (EST).

At 8:30am (EST), it had an equal high which caused the trend line to move which then made it so that the trade was still long, but you would have gotten out before this if it was live data.

I see this happen numerous times in the charts that I'm studying myself. What is the best way to deal with a long trade that gives an exit but then moves on to new highs which makes the exit signal you previously took invalid?

Thanks,

-Alli

Reply With Quote
 
  #1079 (permalink)
Elite Member
phl pa. usa
 
Futures Experience: Advanced
Platform: tos
Favorite Futures: es
 
Posts: 1,126 since Mar 2012
Thanks: 106 given, 347 received

there is no greater time in a traders life -then when a real plan comes together -




Allistah View Post
Ok, I've got my charts all set up with what I want to do for now. I've decided that I'm going to start with a 1 day and a 1h chart. If the 1 day chart is long, then I will only take long trades on the 1h chart. I'm sure this will generate a few more questions but this is going to be my starting point. I spent all day yesterday until around 11pm working on playing around with the charts on my watch list. We will see what this coming week brings me. :-)


:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
Reply With Quote
 
  #1080 (permalink)
Elite Member
phl pa. usa
 
Futures Experience: Advanced
Platform: tos
Favorite Futures: es
 
Posts: 1,126 since Mar 2012
Thanks: 106 given, 347 received


I see this happen numerous times in the charts that I'm studying myself. What is the best way to deal with a long trade that gives an exit but then moves on to new highs which makes the exit signal you previously took invalid?




this is why we run a 15 point stop - i know some will have a hard time justifing it - but we are up better than 68 points in 4 weeks on this swing pattern -3400 per contract traded (10,000) or 34% for the last month-


also the thursday area your question is concerning - we were holding the 1400 level and based on our pivot method it was best we held the position

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

:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
Reply With Quote

Reply



futures io > > > the easy edge for beginner traders

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
Traders Dynamic Index Indicator (Dean Malone's EASY) for NT 7 Bengaltiger NinjaTrader 47 July 4th, 2017 06:40 AM
easy language ..not easy... Serger EasyLanguage Programming 4 April 26th, 2011 04:42 PM
LA Times: "Foreign currency trading is easy — an easy way to lose money" shodson News and Current Events 7 April 4th, 2011 10:20 AM
Coding for beginner max-td NinjaTrader Programming 8 July 21st, 2009 07:42 AM


All times are GMT -4. The time now is 07:03 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 2017-12-13 in 0.15 seconds with 20 queries on phoenix via your IP 54.90.92.204