Four Brothers Set Up - futures io
futures io futures trading



Four Brothers Set Up


Discussion in Trading Journals

Updated by Robroyrogers
      Top Posters
    1. looks_one pdhuey2000 with 66 posts (67 thanks)
    2. looks_two BenG with 23 posts (0 thanks)
    3. looks_3 wldman with 5 posts (3 thanks)
    4. looks_4 creekboy with 3 posts (0 thanks)
      Best Posters
    1. looks_one NYstateofmind with 2.0 thanks per post
    2. looks_two mokodo with 1.5 thanks per post
    3. looks_3 pdhuey2000 with 1.0 thanks per post
    4. looks_4 wldman with 0.6 thanks per post
    1. trending_up 10,639 views
    2. thumb_up 79 thanks given
    3. group 17 followers
    1. forum 106 replies
    2. attach_file 47 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Four Brothers Set Up

(login for full post details)
  #81 (permalink)
London/UK
 
Experience: Intermediate
Platform: NT7 and MT4
Trading: Dax, ES, FX, Gold and Oil but what Bund and Bobl also.
 
BenG's Avatar
 
Posts: 106 since Jul 2012
Thanks: 108 given, 126 received

looks like eurusd is going down some more.

Don't let money control you, control money!
Reply With Quote

Can you help answer these questions
from other members on futures io?
3x Fangdango
Traders Hideout
Degiro Negative Balance Advice
Traders Hideout
SC parameter optimization
Sierra Chart
QDEL
Stocks and ETFs
Show bar number above each tick bar
EasyLanguage Programming
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Lost & losing hope
25 thanks
VWAP for stock index futures trading?
19 thanks
Emini 4 Tick Scalp still valid?
17 thanks
Coronavirus COVID-19
17 thanks
Price Action Kewltech Style
15 thanks
 
(login for full post details)
  #82 (permalink)
Atlanta, GA
 
Experience: Intermediate
Platform: Ninja/ Metatrader
Trading: Eur/usd
 
Posts: 66 since Jul 2012
Thanks: 7 given, 67 received

I would take a lighter trade short if the swissy broke short. maybe 1/2 or quarter. but would really be waiting fro the long at 97.50 area. however as time goes on conditions can change.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #83 (permalink)
London/UK
 
Experience: Intermediate
Platform: NT7 and MT4
Trading: Dax, ES, FX, Gold and Oil but what Bund and Bobl also.
 
BenG's Avatar
 
Posts: 106 since Jul 2012
Thanks: 108 given, 126 received


you know when you look at the FB or a specific congested area, when considering the +1 pip for up or the -2 pip for down, is that form where the end of the tail is, and not the body? i'm probs answering my own question here as it would make sense it would be from the tail as that is either the highest or lowest point.

so just to clearify, when trading FB's you would still take into account the general trend? would you consider just the daily, or also weekly etc? or are you just focused on s/r levels?

Don't let money control you, control money!
Reply With Quote
 
(login for full post details)
  #84 (permalink)
London/UK
 
Experience: Intermediate
Platform: NT7 and MT4
Trading: Dax, ES, FX, Gold and Oil but what Bund and Bobl also.
 
BenG's Avatar
 
Posts: 106 since Jul 2012
Thanks: 108 given, 126 received

so considering the eurusd, that would now be a short trade? and the usdchf an up?

Don't let money control you, control money!
Reply With Quote
 
(login for full post details)
  #85 (permalink)
Atlanta, GA
 
Experience: Intermediate
Platform: Ninja/ Metatrader
Trading: Eur/usd
 
Posts: 66 since Jul 2012
Thanks: 7 given, 67 received

entry at 9790 stop 77

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #86 (permalink)
London/UK
 
Experience: Intermediate
Platform: NT7 and MT4
Trading: Dax, ES, FX, Gold and Oil but what Bund and Bobl also.
 
BenG's Avatar
 
Posts: 106 since Jul 2012
Thanks: 108 given, 126 received

still very slow movements, hope it goes somewhere

Don't let money control you, control money!
Reply With Quote
 
(login for full post details)
  #87 (permalink)
Atlanta, GA
 
Experience: Intermediate
Platform: Ninja/ Metatrader
Trading: Eur/usd
 
Posts: 66 since Jul 2012
Thanks: 7 given, 67 received

Hey,

On a small range chart like the 8r, i will usually take the tail as the hightes/lowest point for the congestion area/ FB pattern.

I will on a minute based chart use the bodies on longer time frames like 4hr or 1hr maybe even 15min.

As far as what to trade and the direction, i use my entry size to dictate how I am feeling about direction.

IF i have an opinion about a direction I will usually chop my order in half if the range breaks the other direction, does that make sense? I am ignoring the euro short right now because of the close of London is coming and as you say the market is sleepy. IF it were pre London right now I would be going short heavy right now. Hope that helps.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #88 (permalink)
Atlanta, GA
 
Experience: Intermediate
Platform: Ninja/ Metatrader
Trading: Eur/usd
 
Posts: 66 since Jul 2012
Thanks: 7 given, 67 received

Okay so the swissy got me, but i used proper MM and followed rules. thats what goes. Im still green on the week.

cheers.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #89 (permalink)
Atlanta, GA
 
Experience: Intermediate
Platform: Ninja/ Metatrader
Trading: Eur/usd
 
Posts: 66 since Jul 2012
Thanks: 7 given, 67 received

i am leaving the order on for euro pound and will have my stop at 44. I am going to take about 3/4 of a position here and I am leaving the desk. The set up is still strong so I will give it some room and hopefully when I check back it will have made a move.

though the market is still sleepy. I will take 10 pips and then secondary target will be 7800

thanks

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #90 (permalink)
London/UK
 
Experience: Intermediate
Platform: NT7 and MT4
Trading: Dax, ES, FX, Gold and Oil but what Bund and Bobl also.
 
BenG's Avatar
 
Posts: 106 since Jul 2012
Thanks: 108 given, 126 received


ya I saw that happen, its unfortunate but thats trading, you win some you loose some. Do you use any other indicator to determine whether its the optimal entry point? or just trade about that specific area once it passes that point?

Don't let money control you, control money!
Reply With Quote


futures io Trading Community Trading Journals > Four Brothers Set Up


July 3, 2013


Upcoming Webinars and Events
     



Copyright © 2020 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