Breakout Journal - a journey to full time trading - Trading Journals | futures io social day trading
futures io futures trading


Breakout Journal - a journey to full time trading
Updated: Views / Replies:55,831 / 660
Created: by Silver Dragon Attachments:466

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

Closed Thread
 466  
 
Thread Tools Search this Thread
 

Breakout Journal - a journey to full time trading

  #491 (permalink)
Elite Member
Cincinnati Ohio
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Futures Broker
Favorite Futures: AUD
 
Silver Dragon's Avatar
 
Posts: 1,597 since Feb 2011
Thanks: 3,860 given, 3,318 received

Taking some time off before I begin the next combine. Still reflecting on the last combine. Working around the house and spending time with family. I have been learning more about volume profile and testing some ideas. Nothing serious at this point.

Robert

nosce te ipsum

You make your own opportunities in life.
The following 5 users say Thank You to Silver Dragon for this post:
 
  #492 (permalink)
Elite Member
Cincinnati Ohio
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Futures Broker
Favorite Futures: AUD
 
Silver Dragon's Avatar
 
Posts: 1,597 since Feb 2011
Thanks: 3,860 given, 3,318 received

Testing trading ideas -SIM 150K account - 89 tick chart - 6 contracts

Building off my current process I added volume profile to make the following trades. First trade I was in too early. Second trade I hit the mark and made 69 ticks with a run up to 100 ticks.

This is where I need to get to. Looking back at my combine I had several trades where I could have used this process to have a better entry and let the trade run.

Robert

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).

nosce te ipsum

You make your own opportunities in life.
The following 3 users say Thank You to Silver Dragon for this post:
 
  #493 (permalink)
Elite Member
Cincinnati Ohio
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Futures Broker
Favorite Futures: AUD
 
Silver Dragon's Avatar
 
Posts: 1,597 since Feb 2011
Thanks: 3,860 given, 3,318 received


Testing trading ideas -SIM 150K account - 89 tick chart - 6 contracts

Testing Volume Profile and trend line break on the Yen. +52 ticks

Robert

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).

nosce te ipsum

You make your own opportunities in life.
The following user says Thank You to Silver Dragon for this post:
 
  #494 (permalink)
Elite Member
Cincinnati Ohio
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Futures Broker
Favorite Futures: AUD
 
Silver Dragon's Avatar
 
Posts: 1,597 since Feb 2011
Thanks: 3,860 given, 3,318 received

Testing Trading Ideas.

I have been working with @PandaWarrior on pyramiding contracts on a trade. The idea is to add to a winning postilion and let it run. It works well because you lose less when you are wrong and win more when you are right. Here is a trade I took this morning using the method. I started out with 4 contracts and then added 4 more when I was +11 ticks.

Ended the trade +39 ticks on the first 4 contracts and +28 on the last 4 contracts.

Trade entry was a trend line break on the open combined with position on the volume profile chart. I set the target on the low volume area on upper part of the volume profile chart.

Robert

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


Ticks only:
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).

nosce te ipsum

You make your own opportunities in life.
The following 3 users say Thank You to Silver Dragon for this post:
 
  #495 (permalink)
Elite Member
Cincinnati Ohio
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Futures Broker
Favorite Futures: AUD
 
Silver Dragon's Avatar
 
Posts: 1,597 since Feb 2011
Thanks: 3,860 given, 3,318 received

Testing trade ideas.


Second trade of the day.

Entry type: Trend line break combine with being in the extreme range of the Volume Profile.

Entered on this trade but really did not have a warm and fuzzy feeling so I did not add to the position. Exited the trade +19 ticks.

Robert

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).

nosce te ipsum

You make your own opportunities in life.
The following 4 users say Thank You to Silver Dragon for this post:
 
  #496 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,739 given, 2,592 received

Great stuff with pyramiding. This is the road to riches.

Trade to live. Not live to trade.
The following user says Thank You to xelaar for this post:
 
  #497 (permalink)
Elite Member
Cincinnati Ohio
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Futures Broker
Favorite Futures: AUD
 
Silver Dragon's Avatar
 
Posts: 1,597 since Feb 2011
Thanks: 3,860 given, 3,318 received

Testing trade ideas.

3rd trade of the day

Entry type: Trend line break. Fade the volume profile extreme.

The premise of trading volume profile is to trade extremes. In other words wait for price to get to a area where there is low volume then fade it back the other way. Use trend line breaks double tops etc for a entry signal. This was a good example of that type of trade. I got in too early on this trade because there was a fake breakout. Admittedly I have more experience trading the CL than the Yen so the price action is different but the outcome is the same.

The target I had for this trade was well placed. What I could have done was hold onto the position and add more to the position above the gap. Still learning but it is coming together nicely. +10 ticks on the trade.

Robert


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).

nosce te ipsum

You make your own opportunities in life.
The following 3 users say Thank You to Silver Dragon for this post:
 
  #498 (permalink)
Elite Member
Cincinnati Ohio
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Futures Broker
Favorite Futures: AUD
 
Silver Dragon's Avatar
 
Posts: 1,597 since Feb 2011
Thanks: 3,860 given, 3,318 received

Testing trading ideas.


1st trade of the day.

Entry type: Trend line break; price @ extreme of volume profile.

I took a trade before the open which I try to stay away from, however the conditions were met. I was thinking like I used to and trying to protect profits. I exited the trade @ 11 ticks. It proceeded to go 30 ticks lower. I actually had my stop @ BE and I still closed it out!! This is a habit I have to break; overreacting when price goes against me.

Original idea on trade was to scale in after it broke below the gap. This was the right trade!! I left 1500 on the table.

Robert

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).

nosce te ipsum

You make your own opportunities in life.
The following user says Thank You to Silver Dragon for this post:
 
  #499 (permalink)
Elite Member
Cincinnati Ohio
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Futures Broker
Favorite Futures: AUD
 
Silver Dragon's Avatar
 
Posts: 1,597 since Feb 2011
Thanks: 3,860 given, 3,318 received


Silver Dragon View Post
Testing trading ideas.


1st trade of the day.

Entry type: Trend line break; price @ extreme of volume profile.

I took a trade before the open which I try to stay away from, however the conditions were met. I was thinking like I used to and trying to protect profits. I exited the trade @ 11 ticks. It proceeded to go 30 ticks lower. I actually had my stop @ BE and I still closed it out!! This is a habit I have to break; overreacting when price goes against me.

Original idea on trade was to scale in after it broke below the gap. This was the right trade!! I left 1500 on the table.

Robert

What could have been!!!

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

nosce te ipsum

You make your own opportunities in life.
The following user says Thank You to Silver Dragon for this post:
 
  #500 (permalink)
Elite Member
Cincinnati Ohio
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Futures Broker
Favorite Futures: AUD
 
Silver Dragon's Avatar
 
Posts: 1,597 since Feb 2011
Thanks: 3,860 given, 3,318 received


Testing trade ideas

2nd trade of the day.

Entry type: trend line break and price at extreme on volume profile.

Had my stop to tight. -9 ticks.

Robert

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).

nosce te ipsum

You make your own opportunities in life.
The following user says Thank You to Silver Dragon for this post:

Closed Thread



futures io > > > Breakout Journal - a journey to full time trading

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
David_R's Trading Journey Journal (Pls comment) David_R Trading Journals 165 July 17th, 2014 02:21 AM
My path of trading full-time LJYY Trading Journals 24 December 14th, 2012 09:37 PM
New Beginnings: The Journal of a Trader's Journey to Equanimity plethora Trading Journals 122 March 5th, 2011 11:13 PM
Curbfeeler's Trading Journal (It's a Journey) Curbfeeler Trading Journals 5 September 27th, 2010 11:32 AM
How long have you been trading full-time? Big Mike Traders Hideout 2 August 27th, 2009 06:20 PM


All times are GMT -4. The time now is 06:46 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 0.13 seconds with 20 queries on phoenix via your IP 54.90.92.204