Trading PA with 20BB and Volume pattern indicator - Trading Journals | futures io social day trading
futures io futures trading


Trading PA with 20BB and Volume pattern indicator
Updated: Views / Replies:21,464 / 163
Created: by benbrooke Attachments:68

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
 68  
 
Thread Tools Search this Thread
 

Trading PA with 20BB and Volume pattern indicator

  #121 (permalink)
Elite Member
San Jose, Ca
 
Futures Experience: Beginner
Platform: Ninja
Broker/Data: AMP/CQG
Favorite Futures: Something moving
 
David_R's Avatar
 
Posts: 1,510 since Nov 2009
Thanks: 2,267 given, 2,371 received

Ben,

I have to say, Ben, that I am impressed. You have all winners and know when and where to enter and when to stay out. Very skilled. Must be a nice feeling.

David

Reply With Quote
 
  #122 (permalink)
 Vendor: www.tradersforce.com 
Dallas,tx
 
Futures Experience: Advanced
Platform: Market Delta
Broker/Data: Velocity /TT
Favorite Futures: ES
 
benbrooke's Avatar
 
Posts: 430 since Aug 2009
Thanks: 216 given, 484 received

thanks David

but look at my track record I do have loosing trades
but i am learning every day

yesterday i lost $800 because i didn't noticed 123 pattern at the low and i avoided that today

its all about "screen time"
ben

Keep on sowing your seed, for you never know which will grow -- perhaps it all will.

-- Albert Einstein
Reply With Quote
 
  #123 (permalink)
Elite Member
San Jose, Ca
 
Futures Experience: Beginner
Platform: Ninja
Broker/Data: AMP/CQG
Favorite Futures: Something moving
 
David_R's Avatar
 
Posts: 1,510 since Nov 2009
Thanks: 2,267 given, 2,371 received



benbrooke View Post
thanks David

but look at my track record I do have loosing trades
but i am learning every day

yesterday i lost $800 because i didn't noticed 123 pattern at the low and i avoided that today

its all about "screen time"
ben


Ben,

I'm of the opinion that traders will have losing trades. I feel that as along as you lose less than you win then things are okay. Yes, you had a loser of $800 yesterday and still ended up making over $2000 on the day. I'll take a day like that any day of the week and twice on sundays if I could. If your goal is 100% and you feel you can obtain that consistently, then I'm even more impressed. Ultimately it's not what happens in days or weeks, but more like months. With the way you are trading you could have one loss a day and still do fantastic.

David

Reply With Quote
 
  #124 (permalink)
Elite Member
San Jose, Ca
 
Futures Experience: Beginner
Platform: Ninja
Broker/Data: AMP/CQG
Favorite Futures: Something moving
 
David_R's Avatar
 
Posts: 1,510 since Nov 2009
Thanks: 2,267 given, 2,371 received


benbrooke View Post
hey guys

good day today

has i promised i tested the Stochastic and it not a big help
so i will take it out and look to see if i can find a better way

all trades grade A

trades explanation are in the chart

ben


Ben,

Can you explain your thought process on a couple of trades? Your second trade you shorted into yesterdays close and price was above the midline. It looks like you don't wait for that bar to close (the blue bar), correct? Are you shorting there because you feel the previous days close has become resistance? Are you also willing to take a short there because the slope of the midline is down at that point?

On your third trade you wait to take out the swing low instead of shorting at the midline. Why did you do that instead of shorting at the midline? Do you keep your stop the same size?

Thanks

David

Reply With Quote
 
  #125 (permalink)
 Vendor: www.tradersforce.com 
Dallas,tx
 
Futures Experience: Advanced
Platform: Market Delta
Broker/Data: Velocity /TT
Favorite Futures: ES
 
benbrooke's Avatar
 
Posts: 430 since Aug 2009
Thanks: 216 given, 484 received

David ,

the reason for the first trade is the following:

1. in a bear market the pro like to fade PD-close.
2. rubber band setups - when trading around EMA when EMA is flat price like to come back to the EMA it was a risk that i was willing to take with small stop loss.
3. PD resistance which will create a double top which is also in my "trading book"

as for the third trade , i was still thinking about the rubber band setup and i was waited for the market to break the swing low

ben

Keep on sowing your seed, for you never know which will grow -- perhaps it all will.

-- Albert Einstein
Reply With Quote
 
  #126 (permalink)
Elite Member
San Jose, Ca
 
Futures Experience: Beginner
Platform: Ninja
Broker/Data: AMP/CQG
Favorite Futures: Something moving
 
David_R's Avatar
 
Posts: 1,510 since Nov 2009
Thanks: 2,267 given, 2,371 received

Ben,

I think you should open a CL room and call trades so I can make money too. I'm not ashamed to say that I don't mind being spoon fed.

Reply With Quote
 
  #127 (permalink)
 Vendor: www.tradersforce.com 
Dallas,tx
 
Futures Experience: Advanced
Platform: Market Delta
Broker/Data: Velocity /TT
Favorite Futures: ES
 
benbrooke's Avatar
 
Posts: 430 since Aug 2009
Thanks: 216 given, 484 received

maybe some day i will

but before that i need to see if i can trade with one more trader (expect a call)

ben

Keep on sowing your seed, for you never know which will grow -- perhaps it all will.

-- Albert Einstein
Reply With Quote
 
  #128 (permalink)
Elite Member
San Jose, Ca
 
Futures Experience: Beginner
Platform: Ninja
Broker/Data: AMP/CQG
Favorite Futures: Something moving
 
David_R's Avatar
 
Posts: 1,510 since Nov 2009
Thanks: 2,267 given, 2,371 received

I'm turning my skype on.

Reply With Quote
The following user says Thank You to David_R for this post:
 
  #129 (permalink)
Just a boy
Auckland, New Zealand
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: AMP/CQG
Favorite Futures: Whatever moves in my timezone
 
Posts: 1,803 since Sep 2009
Thanks: 3,165 given, 1,372 received


benbrooke View Post
David ,

the reason for the first trade is the following:

1. in a bear market the pro like to fade PD-close.
2. rubber band setups - when trading around EMA when EMA is flat price like to come back to the EMA it was a risk that i was willing to take with small stop loss.
3. PD resistance which will create a double top which is also in my "trading book"

as for the third trade , i was still thinking about the rubber band setup and i was waited for the market to break the swing low

ben

Excellent trading.

Couple more questions:

With the PB to the prior day pit close, you say you were prepared to take this risk with smaller stop - what was your stop?

Can you illustrate how you applied the 1-2-3 to keep you out of that trade.

Finally, for the last trade, you entered mid way through the bar. It could have closed down. How did you decide to enter where you did - was it the slope indicator went +ve at this point?

Thanks

Reply With Quote
 
  #130 (permalink)
 Vendor: www.tradersforce.com 
Dallas,tx
 
Futures Experience: Advanced
Platform: Market Delta
Broker/Data: Velocity /TT
Favorite Futures: ES
 
benbrooke's Avatar
 
Posts: 430 since Aug 2009
Thanks: 216 given, 484 received


Stop loss was 15T which normally i keep 20-30 Tick stop , 15T its my normal stop for 2T/TB
as for the 123 Pattern its basically higher high and you dont want to short it this is what i see in the market all the time

if you think about that first pull back to the MA worked good (only for 1st) and if you read my journal you will see that i dont like to fade the second time around , i need to have a good reason for that .

on the last trade , i was too late for the "party" but still in the rule book

ben

Keep on sowing your seed, for you never know which will grow -- perhaps it all will.

-- Albert Einstein
Attached Thumbnails
Trading PA with 20BB and Volume pattern indicator-fib123feb105min.png  
Reply With Quote
The following 3 users say Thank You to benbrooke for this post:

Reply



futures io > > > Trading PA with 20BB and Volume pattern indicator

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
Candle Pattern Indicator eone NinjaTrader 16 June 1st, 2014 04:31 PM
Indicator discovering ABCD, Gartley pattern etc available? PowerM NinjaTrader 10 March 15th, 2014 03:13 PM
1-2-3 Pattern Indicator aligator NinjaTrader Programming 11 February 27th, 2014 10:07 PM
volume trading indicator tony2604 Traders Hideout 10 March 17th, 2011 03:34 PM
Trading PA Practice - trading the right edge benbrooke Beginners and Introductions 57 April 2nd, 2010 04:00 AM


All times are GMT -4. The time now is 02:54 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 2017-12-16 in 0.13 seconds with 20 queries on phoenix via your IP 54.163.209.109