T For Trading - Trading Journals | futures io social day trading
futures io futures trading


T For Trading
Updated: Views / Replies:61,605 / 1,132
Created: by devdas Attachments:799

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
 799  
 
Thread Tools Search this Thread
 

T For Trading

  #1061 (permalink)
Banned: Vendor self-promotion
Phoenix AZ
 
Futures Experience: Advanced
Platform: IB
Broker/Data: IB
Favorite Futures: NQ
 
DbPhoenix's Avatar
 
Posts: 470 since Dec 2012
Thanks: 95 given, 1,542 received


devdas View Post
I do not wanted to mention you for every small change that occur on chart. But just to have a look and conserve an opinion which we may exchange in weekend. My understanding and characterization of Instrument is major edge for perception i employ and use to trade. I do not wanted to take advantage of that in SLA. As i already well know usage of AMT, separating everything in its own bin is challenging task. And when i see as a whole and look on absolute purpose of trading then i ask myself why should i separate them and subdued one over other ? But then comes the rules and discipline which help strain and must be followed without intervening.

So, here i have marked some things for assistance of my own which will be evaluated by market in due course. Honestly as a pure SLA, i think there is no short TO at present better say it need to wait for more information. I might be wrong on this with formation of LH-LL, which i think should be utilize for conservative exit from prior longs.

There's no need to separate the two. As I've said, the SLA and AMT work together. However, the SLA works best in trends. If the trader has difficulty telling the difference between trending and ranging, the SLA tells him by stopping him out twice in succession, with a higher low and a lower high (or vice-versa). He then stops until the instrument exits the chop.

With respect to trend channels, AMT will show you where the limits are -- whether the channel is lateral or diagonal -- and the trader can enter reversals off those limits. Unless the range is wide, there's no time for retracements: by the time a retracement occurs, you're most likely near the opposite extreme. In this case, price has not yet reached the upper limit of your channel, key word being "yet". If price has reversed and is on its way to the lower limit instead, you're still showing a profit from the entry off the previous reversal, if you entered it correctly. If price breaks below that lower limit, then of course you have to exit. But AMT helps to keep you in trades rather than tossing you out like "pure" SLA would.

An important objective is to find every excuse for staying IN the trade, not for getting out of it. Otherwise you will never take full advantage of a trending move. An equally important objective, however, is to not lose money. If you enter correctly and manage the trade correctly, any loss will be trivial. But if you enter correctly and manage the trade correctly, the odds of profit are greater than the odds of loss due to how the SLA/AMT works.

Watching price come back toward you is difficult unless and until you learn to focus on what price is doing rather than on your trade. The market couldn't care less about your trade. It's going to do what it does. It's up to you to put its behavior in context. If, for example, price breaks below the last swing low, that tells you something about the state of strength v. weakness. If price breaks below the lower limit of your range or channel, that also tells you something about the state of strength v. weakness. What you do about it is up to you. The market doesn't care. But if decisions are made based on one's trades rather than on what price is doing, he really isn't trading price: he's just protecting himself.

It's a little late to be talking about observation at this point, but observation helps to drive home the difference between observing price objectively and rationally and observing it in terms of what it's doing in relation to some trade that one put on. If one can't observe and evaluate price's behavior without regard to any trade that he may or may not be in, then he will have a great deal of difficulty trading price without using a lot of tricks (indicators, patterns, etc.)

Reply With Quote
The following 4 users say Thank You to DbPhoenix for this post:
 
  #1062 (permalink)
Banned: Vendor self-promotion
Phoenix AZ
 
Futures Experience: Advanced
Platform: IB
Broker/Data: IB
Favorite Futures: NQ
 
DbPhoenix's Avatar
 
Posts: 470 since Dec 2012
Thanks: 95 given, 1,542 received

Doing some chart reviews and zoomed out on yours. You're much more familiar with this than I am as I'm not familiar with it at all. However, one can see that price found support at that last weekly low and that it's dead center in the last upmove.

No way to know which way it's going to go. You're in a better position to make those judgements than I am. But it's always a good idea to back away and avoid getting tied up in trivial movements.


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 DbPhoenix for this post:
 
  #1063 (permalink)
 Vendor: www.edevaay.com 
Al,India
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: RKG
Favorite Futures: NiftyFuture
 
devdas's Avatar
 
Posts: 1,547 since Feb 2010
Thanks: 1,452 given, 1,656 received


This was a bang - bang day for me. I did what it looked like at the moment. First morning Long, then a Short and then again Long. Last it gave me impression that bulls have taken back their seat and they are determined to make more upside.
The hourly channel i drew is no more valid in the sense it was drawn but i would not lie that was the base of morning Long. I could scalp second Short but become greedy. Overall, i had not expected this V recovery today , mostly we see climatic consolidation for major portion of the day and then decisive move latter. In that regard what i gained is OK. Regarding last Long , i am undecided to carry it or not because it would look ugly below MIRZ level 8580-75.


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


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


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


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

Harvest The Moon
Nest The Market
Reply With Quote
The following user says Thank You to devdas for this post:
 
  #1064 (permalink)
 Vendor: www.edevaay.com 
Al,India
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: RKG
Favorite Futures: NiftyFuture
 
devdas's Avatar
 
Posts: 1,547 since Feb 2010
Thanks: 1,452 given, 1,656 received

That completed my day, not willing to hold it more. Will see next day.

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


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

Harvest The Moon
Nest The Market
Reply With Quote
 
  #1065 (permalink)
 Vendor: www.edevaay.com 
Al,India
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: RKG
Favorite Futures: NiftyFuture
 
devdas's Avatar
 
Posts: 1,547 since Feb 2010
Thanks: 1,452 given, 1,656 received

Bulls should hold the lower MIRZ level 8580-75. But they are giving sign of early weakness. If that happen ( trade below MIRZ ) then chances of yday being "Late bulls" will increase. In that case it will become upside down and towards lower breakout line - just a remote possibility.

I was observer today, no trade taken. Was thinking to Short , Long both at some point but could not pull trigger. Just was confuse with all.

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


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

Harvest The Moon
Nest The Market
Reply With Quote
The following user says Thank You to devdas for this post:
 
  #1066 (permalink)
 Vendor: www.edevaay.com 
Al,India
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: RKG
Favorite Futures: NiftyFuture
 
devdas's Avatar
 
Posts: 1,547 since Feb 2010
Thanks: 1,452 given, 1,656 received

Current Status.

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


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

Harvest The Moon
Nest The Market
Reply With Quote
 
  #1067 (permalink)
 Vendor: www.edevaay.com 
Al,India
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: RKG
Favorite Futures: NiftyFuture
 
devdas's Avatar
 
Posts: 1,547 since Feb 2010
Thanks: 1,452 given, 1,656 received

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



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

Harvest The Moon
Nest The Market
Reply With Quote
 
  #1068 (permalink)
 Vendor: www.edevaay.com 
Al,India
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: RKG
Favorite Futures: NiftyFuture
 
devdas's Avatar
 
Posts: 1,547 since Feb 2010
Thanks: 1,452 given, 1,656 received

@DbPhoenix

"Curved Straight Line".


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

Harvest The Moon
Nest The Market
Reply With Quote
The following user says Thank You to devdas for this post:
 
  #1069 (permalink)
 Vendor: www.edevaay.com 
Al,India
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: RKG
Favorite Futures: NiftyFuture
 
devdas's Avatar
 
Posts: 1,547 since Feb 2010
Thanks: 1,452 given, 1,656 received

Taking support for time being from prior MIRZ levels.

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



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

Harvest The Moon
Nest The Market
Reply With Quote
 
  #1070 (permalink)
Banned: Vendor self-promotion
Phoenix AZ
 
Futures Experience: Advanced
Platform: IB
Broker/Data: IB
Favorite Futures: NQ
 
DbPhoenix's Avatar
 
Posts: 470 since Dec 2012
Thanks: 95 given, 1,542 received



devdas View Post
@DbPhoenix

"Curved Straight Line".


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

That's starting to look like a moving average

If trading price here, though, you'd see that the stride of this particular segment is broken just after your last green dot. Price then retreats to the median of this channel, then rallies to attempt a continuation. Instead it makes a lower high. What one does here is a matter of choice, though holding on to the long is probably not the best one. If one's experience with this particular instrument tells him that there's going to be a lot of chop in this area, then just get out and stand aside until price reaches the opposite extreme and either reverses or breaks through. Or ignore the channel entirely and short the triple top on 7/23. Again, familiarity with the instrument should be extremely helpful, but it's also important to keep in mind that the channel is in your head; the triple top exists outside of you, in the market. So if pressed as to which to trust in real time, especially as price failed twice to reach the upper limit of the channel, I'd go with the triple top.

Reply With Quote
The following 2 users say Thank You to DbPhoenix for this post:

Reply



futures io > > > T For Trading

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

July Journal Challenge w/$1100 in prizes from TopstepTrader

July
 

An Afternoon with FIO member Softsoap

Elite only

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

August
 

Extended Ask Me Anything w/Brett Steenbarger

Elite only

Prototyping Python Strategies (part 3) w/Ran Aroussi

Elite only

Brannigan Barrett w/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
Scams: Prediction Point Trading, Hindsight Trading, Market Mover Trading flipper26 Trading Reviews and Vendors 5 August 6th, 2012 01:19 AM


All times are GMT -4. The time now is 06:56 AM.

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 2017-07-23 in 0.14 seconds with 20 queries on phoenix via your IP 54.162.232.51