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



Trading PA with 20BB and Volume pattern indicator


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one benbrooke with 69 posts (75 thanks)
    2. looks_two David_R with 22 posts (5 thanks)
    3. looks_3 Big Mike with 12 posts (14 thanks)
    4. looks_4 steve2222 with 11 posts (1 thanks)
      Best Posters
    1. looks_one Big Mike with 1.2 thanks per post
    2. looks_two benbrooke with 1.1 thanks per post
    3. looks_3 cory with 0.9 thanks per post
    4. looks_4 vast with 0.8 thanks per post
    1. trending_up 33,268 views
    2. thumb_up 123 thanks given
    3. group 20 followers
    1. forum 163 posts
    2. attach_file 66 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 150,000 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
 

Trading PA with 20BB and Volume pattern indicator

(login for full post details)
  #71 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,184 since Jun 2009
Thanks: 32,683 given, 99,760 received

WTG! Great job!

Now keep it up, slowly but surely...

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Big Mike for this post:

Can you help answer these questions
from other members on futures io?
Market on Close data within IB
Platforms and Indicators
Multi Time Frame High/Low/Median levels
NinjaTrader
help with take profit several targets
TradeStation
in depth understanding of last, bid, and ask volume in c …
NinjaTrader
NT8 Order Management Strategy
The Elite Circle
 
 
(login for full post details)
  #72 (permalink)
 benbrooke 
Dallas,tx
 
Experience: Advanced
Platform: Market Delta
Broker: Velocity /TT
Trading: ES
 
benbrooke's Avatar
 
Posts: 430 since Aug 2009
Thanks: 216 given, 490 received

Thank mike ,

Really appreciate your inputs and all the great information and videos on the site.

Thanks

Ban.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #73 (permalink)
 benharrell 
Pittsburgh, Pa
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Zen-Fire
Trading: CL,ES,6E
 
benharrell's Avatar
 
Posts: 235 since Aug 2009
Thanks: 350 given, 96 received


WTG Ban, really nice job.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to benharrell for this post:
 
(login for full post details)
  #74 (permalink)
 David_R 
Market Wizard
San Jose, Ca
 
Experience: Beginner
Platform: Ninja
Broker: AMP/CQG
Trading: Something moving
 
David_R's Avatar
 
Posts: 1,559 since Nov 2009
Thanks: 2,306 given, 2,484 received

Ban,

Really nice Job! Not only a great day, but a great week.

I don't think you need it, but I put some Market Profile info, as I know it, on this thread



It gives a good indication of areas of support and resistance which can also provide good trade location and even increase profit targets. IMHO. FWIW.

David

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to David_R for this post:
 
(login for full post details)
  #75 (permalink)
 vast 
Australia
 
Experience: Intermediate
Platform: Ninja
 
vast's Avatar
 
Posts: 167 since Jun 2009
Thanks: 154 given, 62 received

Ban
Well done on today and this week. It must be the futures.io (formerly BMT) Collective slope indicator. lol
I was wondering how you use the Volume Stop indicator? Well I think that is what is in panel2.
Also, just wondering about your 2nd trade that was a long. Was that based solely on a bounce of the futures.io (formerly BMT)?
You have done really well and it seems the 5min chart suits you.
I am trying to see if I can trade it and what to look for to get my entries.
Well done

Reply With Quote
 
(login for full post details)
  #76 (permalink)
 benbrooke 
Dallas,tx
 
Experience: Advanced
Platform: Market Delta
Broker: Velocity /TT
Trading: ES
 
benbrooke's Avatar
 
Posts: 430 since Aug 2009
Thanks: 216 given, 490 received

Vast.

The futures.io (formerly BMT) Collective slope indicator is great it help you to stay on the right side of the trend
my trading is not based only on that only i use price action to confirm my trades

i use the futures.io (formerly BMT) Collective slope in a setup called rubber band which is when slop of the MA is flat price always retrace to the MA a good example is the 20EMA on 5 Min chart but in Oil it looks like the "Magic EMA" is 34 and i learn this from BigMike , (i use to trade ES before and the 20EMA was my line in the sand)

as for the second trade - from my experience (and you can look at historical data) first test to the EMA almost always works , so its a very low risk trade for me but target need to be close.

and if you look at the next test to the EMA it failed and i didn't take it i actually had a buy stop above the EMA in case it will work but i never got filled and then i realize that we are going to fill up the gap.

as for the volume stop, i use the churn bars only to counter trend you can see more details on the first page of this journal

thanks
Ban

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #77 (permalink)
 steve2222 
Auckland, New Zealand
 
Experience: Beginner
Platform: Sierra Chart
Broker: AMP/CQG
Trading: Whatever moves in my timezone
 
Posts: 1,898 since Sep 2009
Thanks: 3,379 given, 1,540 received

Hi Ban,

Couple of operational questions:

1/ When you enter trades do you use; Buy/Sell Stop or Buy/Sell Stop Limit or Buy Bid/Sell Ask or Market orders?

2/ When you talked on Friday about the Gap being closed, what do define as the gap: is it from yesterday's cash/pit close (14.30 ET), yesterday's exchange close (17.15 ET), or midnight?

3/ For your MA Slope indicator, why did you pick a period of 45 to calculate the slope. Why not 34 being the period of your EMA?

Thanks as always for your responses.

Reply With Quote
 
(login for full post details)
  #78 (permalink)
 benbrooke 
Dallas,tx
 
Experience: Advanced
Platform: Market Delta
Broker: Velocity /TT
Trading: ES
 
benbrooke's Avatar
 
Posts: 430 since Aug 2009
Thanks: 216 given, 490 received

Steve ,

1.i always use buy /sell stops orders if i am missing trades i will go market
2. for gaps i use 5Min chart with no indicators and i setup the time for pit time 8:00AM - 1:30PM CST

3. the 45 Ema in the template is wrong i do use 34 EMA to see the slope . ( i was playing around with the MA slope indicator and i miss that when i publish my template)

ben.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #79 (permalink)
 steve2222 
Auckland, New Zealand
 
Experience: Beginner
Platform: Sierra Chart
Broker: AMP/CQG
Trading: Whatever moves in my timezone
 
Posts: 1,898 since Sep 2009
Thanks: 3,379 given, 1,540 received

Hey Ban, or is it Ben

Congrats on becoming a moderator.

Reply With Quote
 
(login for full post details)
  #80 (permalink)
 benbrooke 
Dallas,tx
 
Experience: Advanced
Platform: Market Delta
Broker: Velocity /TT
Trading: ES
 
benbrooke's Avatar
 
Posts: 430 since Aug 2009
Thanks: 216 given, 490 received


its ben

and thank you!

Visit my futures io Trade Journal Started this thread Reply With Quote


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


Last Updated on March 20, 2010


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2023 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), 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