Four Brothers Set Up - Trading Journals | futures io social day trading
futures io futures trading


Four Brothers Set Up
Updated: Views / Replies:7,987 / 106
Created: by pdhuey2000 Attachments:47

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
 47  
 
Thread Tools Search this Thread
 

Four Brothers Set Up

  #101 (permalink)
Elite Member
London/UK
 
Futures Experience: Intermediate
Platform: NT7 and MT4
Favorite Futures: Dax, ES, FX, Gold and Oil but what Bund and Bobl also.
 
BenG's Avatar
 
Posts: 105 since Jul 2012
Thanks: 108 given, 124 received

A good example of what im talking about is the EURGBP that we mentioned in earlier posts. In this case it had actually gone up for about 10 pips before reversing. In this case you have discussed you would enter this trade to the downside, which it did for a bit before reversing back up again. I know its not the best example, especially not since the euro has been very choppy of lately anyway, even more so now with the summer break.

Maybe another good example would be the 14 of August at around 15:41, here we can see it is going just above the FB but then goes back down just below the FB.

Would be nice if you can share your thoughts on these a bit more. perhaps for the benefit of those who're also reading this, maybe explain a bit what would make you enter a trade, other factors besides the FB pattern, and for what kind of profit you're aiming for when entering a trade.

Don't let money control you, control money!
Reply With Quote
 
  #102 (permalink)
Elite Member
London/UK
 
Futures Experience: Intermediate
Platform: NT7 and MT4
Favorite Futures: Dax, ES, FX, Gold and Oil but what Bund and Bobl also.
 
BenG's Avatar
 
Posts: 105 since Jul 2012
Thanks: 108 given, 124 received


pdhuey2000 View Post
Tweaks should be made by the trader / that's the only way to trade either a pattern set up or level set up. And make yourself comfortable with it. I can always tell you what I do, but what your do is actually more important. And I say that with alot of respect. I will almost certainly guarantee how I see the market and how you see the market is very different. Even though we are talking about the same setup.

When in doubt, lower your position size and put the stop on the other side of the pattern. That's a reasonable solution to an age old pattern.

With any "break from consolidation" pattern certainly the age old problem is when to enter. Here's a couple of items that might help should you trade this or any other pattern.

Do you want to trade the immediate break or wait until price pulls back into the zone then enter at some designated point? I trade the inital break accepting most times price will pull back into the zone, i try to pull 10 points out of the market before that happens.

You are identifying the pattern well - we'll keep working on the rest. I have alot more to share with everyone.

Thank you so much for your efforts and support.

Thanks for answering my question so well...i had posted the last post before i saw this. I'll keep working on it.

Don't let money control you, control money!
Reply With Quote
 
  #103 (permalink)
Elite Member
Atlanta, GA
 
Futures Experience: Intermediate
Platform: Ninja/ Metatrader
Favorite Futures: Eur/usd
 
Posts: 66 since Jul 2012
Thanks: 7 given, 67 received

alot of posts this weekend.


Beng take a peak this weekend there should be a good amount of information from me to peruse. Your feedback is helping me understand how to help those that are reading this journal more, and quite frankly this is helping me.

cheers.

Reply With Quote
 
  #104 (permalink)
Elite Member
London/UK
 
Futures Experience: Intermediate
Platform: NT7 and MT4
Favorite Futures: Dax, ES, FX, Gold and Oil but what Bund and Bobl also.
 
BenG's Avatar
 
Posts: 105 since Jul 2012
Thanks: 108 given, 124 received

ya I can go through the charts this weekend, I'm glad it's not just helping me but you also.

I do recall Big Mike saying in one of his threads that if you're a consistent profitable trader, the best way to get better is to teach someone else.

Don't let money control you, control money!
Reply With Quote
 
  #105 (permalink)
Elite Member
Atlanta, GA
 
Futures Experience: Intermediate
Platform: Ninja/ Metatrader
Favorite Futures: Eur/usd
 
Posts: 66 since Jul 2012
Thanks: 7 given, 67 received

Hi Guys

Im not trading this week taking some tim off, be back next tuesday.

Reply With Quote
The following user says Thank You to pdhuey2000 for this post:
 
  #106 (permalink)
Elite Member
London/UK
 
Futures Experience: Intermediate
Platform: NT7 and MT4
Favorite Futures: Dax, ES, FX, Gold and Oil but what Bund and Bobl also.
 
BenG's Avatar
 
Posts: 105 since Jul 2012
Thanks: 108 given, 124 received

no worries, have a good week!

Don't let money control you, control money!
Reply With Quote
 
  #107 (permalink)
Elite Member
Nashville, TN
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: CL,CT
 
Robroyrogers's Avatar
 
Posts: 51 since Jun 2013
Thanks: 625 given, 248 received

many thanks

Thanks for this post. I am a newby and am finding this very helpful and interesting.

Reply With Quote
The following user says Thank You to Robroyrogers for this post:

Reply



futures io > > > Four Brothers Set Up

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
The attempted cover-up of how JP Morgan torpedoed Lehman Brothers Victory Trader News and Current Events 0 July 16th, 2012 07:20 PM
One Central Bank Is Leveraged Like Lehman Brothers: Author Quick Summary News and Current Events 0 May 10th, 2012 07:00 AM
One Trader Recounts Literally Losing His Mind As Lehman Brothers Exploded kbit News and Current Events 0 November 30th, 2011 06:08 PM
Lehman Brothers Legacy Paralyzes the Euro Zone Quick Summary News and Current Events 0 April 28th, 2011 04:30 AM
What is the perfect set up? h4cked Reviews of Brokers and Data Feeds 8 December 11th, 2010 03:54 PM


All times are GMT -4. The time now is 11:30 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 2017-12-14 in 0.10 seconds with 20 queries on phoenix via your IP 54.227.51.103