Price & Volume Trading Journal - Trading Journals | futures io social day trading
futures io futures trading


Price & Volume Trading Journal
Updated: Views / Replies:18,386 / 117
Created: by ZTR Attachments:118

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
 118  
 
Thread Tools Search this Thread
 

Price & Volume Trading Journal

  #11 (permalink)
 R.I.P. 1960-2010 
 
Futures Experience: Advanced
Platform: NinjaTrader7
Broker/Data: Mirus RCG/Zen-Fire
Favorite Futures: CL & 6e, looking at ES, ZB and AU again.
 
ZTR's Avatar
 
Posts: 2,099 since Nov 2009
Thanks: 1,104 given, 1,390 received

Dom is light again, TrendLine Down (TLd) is close to being touched on 233 tick chart. Is it time for a trade?

Attached Thumbnails
Price & Volume Trading Journal-dom_1_5_10.png   Price & Volume Trading Journal-es-03-10-1_5_2010-233-tick-1049.jpg  
Reply With Quote
 
  #12 (permalink)
 R.I.P. 1960-2010 
 
Futures Experience: Advanced
Platform: NinjaTrader7
Broker/Data: Mirus RCG/Zen-Fire
Favorite Futures: CL & 6e, looking at ES, ZB and AU again.
 
ZTR's Avatar
 
Posts: 2,099 since Nov 2009
Thanks: 1,104 given, 1,390 received

I want to recognize Brooks' patterns in Real Time or accept just more risk.

Brutally honest appraisal: I get distracted too easily and don't work hard enough on concentrating on the market during the best times.

Took a 2 tick loss then spent the time after thinking about it rather then staying in the moment and fully concentrating on the possible setups.

Finally, recognized that Sharky's ADXVMA_sharky_paint makes some entry points easily recognizable, once you know what you are actually seeing. I was 2 points behind by the time I regained focus and decided not to chase. Those can be the highest success of probability trades. So what if the first 25% of the trade is lost?

One thing that Al Brooks talks about is the ability to recognize good setups in real time, which is why he uses 5 minute charts, primarily for determining the risk, not just the entry. Looking at the chart below there are several good setups, but the best are in the 1st 2 hours and the last 2 hours. Even I can train myself to concentrate for 2 hours at a time.

Conclusion: It is o.k. to use the fine-structure on quicker charts to recognize the entry, but use the 5 minute charts for determining exit points. Additionally, immediately forget the last trade and require a lock on watching for good setups. Take the mid-day off and really focus when in front of the screen.

Attached Thumbnails
Price & Volume Trading Journal-es-03-10-1_5_2010-233-tick-tradingday.jpg  
Reply With Quote
The following user says Thank You to ZTR for this post:
 
  #13 (permalink)
 R.I.P. 1960-2010 
 
Futures Experience: Advanced
Platform: NinjaTrader7
Broker/Data: Mirus RCG/Zen-Fire
Favorite Futures: CL & 6e, looking at ES, ZB and AU again.
 
ZTR's Avatar
 
Posts: 2,099 since Nov 2009
Thanks: 1,104 given, 1,390 received

Traded on Price not Price & Volume


End of Morning Session:

Tried to trade the double top @1133.75 this morning ~8:08, but did it on price not price&volume. So I took a 2 tick loss.

Spending time thinking about building Indicators this morning after input from Zondor and Cory yesterday. Thanks to both of you.

I've added the GomVolumeLadder to the chart, but want to replace it with a DOM ribbon around the price so I can see at a glance the cumulative bad and ask. Later I'll try to look at the GomRecorder and see if I can make the BSVLine & DOMRibbon indicator persistent.

Attached Thumbnails
Price & Volume Trading Journal-es-03-10-1_6_2010-5-min-823.jpg  
Reply With Quote
 
  #14 (permalink)
 R.I.P. 1960-2010 
 
Futures Experience: Advanced
Platform: NinjaTrader7
Broker/Data: Mirus RCG/Zen-Fire
Favorite Futures: CL & 6e, looking at ES, ZB and AU again.
 
ZTR's Avatar
 
Posts: 2,099 since Nov 2009
Thanks: 1,104 given, 1,390 received

DOM_Bands evaluation chart

Ran a chart with the DOM_Bands Indicator as I had to be out most of the trading day. Chart below. I marked the buy points where I felt the DOM_Bands confirmed a good setup.

Attached Thumbnails
Price & Volume Trading Journal-es-03-10-1_7_2010-233-tick-1235.jpg  
Reply With Quote
The following user says Thank You to ZTR for this post:
 
  #15 (permalink)
 R.I.P. 1960-2010 
 
Futures Experience: Advanced
Platform: NinjaTrader7
Broker/Data: Mirus RCG/Zen-Fire
Favorite Futures: CL & 6e, looking at ES, ZB and AU again.
 
ZTR's Avatar
 
Posts: 2,099 since Nov 2009
Thanks: 1,104 given, 1,390 received

Quick trade

Took out 1.3 total points (after commission). Just before the market open. Was concerned about quicks moves. Next target 1139?

Attached Thumbnails
Price & Volume Trading Journal-es-03-10-1_8_2010-233-tick-628.jpg  
Reply With Quote
 
  #16 (permalink)
Elite Member
Sydney, NS
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: Zen-Fire
Favorite Futures: TF,S,GC
 
cclsys's Avatar
 
Posts: 607 since Nov 2009
Thanks: 248 given, 379 received

on your chart where you say you see DOM bands confirming, could you explain a little more what you are seeing there please?

Also, are you saying you are going to try to build the bands to go around the price so they can display on the main chart? That sounds quite interesting if true..

Reply With Quote
 
  #17 (permalink)
 R.I.P. 1960-2010 
 
Futures Experience: Advanced
Platform: NinjaTrader7
Broker/Data: Mirus RCG/Zen-Fire
Favorite Futures: CL & 6e, looking at ES, ZB and AU again.
 
ZTR's Avatar
 
Posts: 2,099 since Nov 2009
Thanks: 1,104 given, 1,390 received

DOM as confirming - not indicating - setup

What I noticed after a comment by Cory is that when the yellow (difference between #Bid and #asked) and Blue touch (amount bid) the market has a tendency to move up. See attached chart (arrow denote condition).

This morning there was what looked like an Al Brooks' set up (I still have trouble with his notation): There is a higher low with the Yellow close to the Blue. So the indicator is confiirming what I though was a good setup. The BSVLine is also giving a hold as the Blue line was dominating until 1137 was reached. Should have traded it but...

Attached Thumbnails
Price & Volume Trading Journal-es-03-10-1_8_2010-233-tick-711.jpg  
Reply With Quote
The following user says Thank You to ZTR for this post:
 
  #18 (permalink)
Elite Member
Sydney, NS
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: Zen-Fire
Favorite Futures: TF,S,GC
 
cclsys's Avatar
 
Posts: 607 since Nov 2009
Thanks: 248 given, 379 received

Thanks. Will be monitoring this one.

Ztrade: since you are obviously trading a very fast chart: how long is it taking your order to process, i.e. from when you hit the entry button to when it turns green? It is taking me about 3-10 seconds but I am on dialup (though data is within .5 secs or better and I have 250 ms latency); I have read in other places that it is slow for people with highspeed too so curious as to whether my order-time lag is because of dialup or something to do with Ninja.

Also, am wondering how you can trade these setups unless you have 1 sec or better order processing time..

Reply With Quote
 
  #19 (permalink)
 R.I.P. 1960-2010 
 
Futures Experience: Advanced
Platform: NinjaTrader7
Broker/Data: Mirus RCG/Zen-Fire
Favorite Futures: CL & 6e, looking at ES, ZB and AU again.
 
ZTR's Avatar
 
Posts: 2,099 since Nov 2009
Thanks: 1,104 given, 1,390 received

Unbalanced DOM

DOM_Bands showed the Delta below the ask. In other words there are way more contracts on the ask side than the bid side (almost 3x). Should be denoting a significant resistance level @ 1137.50. Will come back later to see if there is a possibility of a long entry or an upside breakout failure. That would be more significant at the previous high, Consolidations just below the previous local (several day) high-region can be long entry points.

Attached Thumbnails
Price & Volume Trading Journal-es-03-10-1_8_2010-233-tick-full_sell_dom.jpg   Price & Volume Trading Journal-es-03-10-1_8_2010-5-range-824.jpg  
Reply With Quote
 
  #20 (permalink)
 R.I.P. 1960-2010 
 
Futures Experience: Advanced
Platform: NinjaTrader7
Broker/Data: Mirus RCG/Zen-Fire
Favorite Futures: CL & 6e, looking at ES, ZB and AU again.
 
ZTR's Avatar
 
Posts: 2,099 since Nov 2009
Thanks: 1,104 given, 1,390 received


Once I got Zen-Fire it was as super fast. That is comparing it to PATS or TradeStation. With ZF I was no longer getting 1-2 ticks slippage and some times when I trade after market hours I can see my trade print as I let off the mouse. Best data-feed execution package I have ever had - and it show all trades above my filter point on the T&S window. That is not true with other providers. I found this out taking an on-line NinjaTrader class, and my posted trades did not match the instructor's printed trades on the Time and Sales window. I asked what was the feed? ZenFire.

Reply With Quote

Reply



futures io > > > Price & Volume Trading Journal

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
NT Providing Bad Price & Volume Data in OnMarketData!!! RJay NinjaTrader Programming 18 June 5th, 2017 10:53 AM
TMNT's Trading Journal: ES 5m candle, Price Action scalping tmntrader Elite Trading Journals 20 August 12th, 2011 04:37 PM
Price, Volume & the DOM - Live Trading Journal ZTR Elite Trading Journals 822 October 6th, 2010 03:19 PM
CW's ES Price action trading Journal cw30000 Trading Journals 25 September 28th, 2010 10:54 AM
AR01 Price Area Journal (Not a trading journal) AR01 Emini Index Futures Trading 69 April 2nd, 2010 09:01 PM


All times are GMT -4. The time now is 07:59 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 2017-12-15 in 0.13 seconds with 20 queries on phoenix via your IP 54.163.61.66