My Trades, Charts, Comments and all things trading - Trading Journals | futures io social day trading
futures io futures trading


My Trades, Charts, Comments and all things trading
Updated: Views / Replies:11,387 / 73
Created: by Jaguar52 Attachments:27

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
 27  
 
Thread Tools Search this Thread
 

My Trades, Charts, Comments and all things trading

  #51 (permalink)
 Vendor: protradered.blogspot.com 
NY + NY/USA
 
Futures Experience: Advanced
Platform: Ninja
Broker/Data: Optimus Futures- Rithmic
Favorite Futures: CL, 6E
 
Posts: 236 since Nov 2009
Thanks: 11 given, 1,267 received

Automated trader

I had my autotrader get me into the trades last night and managed them as much as I could.... semi bleary eyed. I was in that CL long from the lows and got shaken out...thing went 100 ticks!!!

Attached Thumbnails
My Trades, Charts, Comments and all things trading-2-8-2010-7-52-32-am.png  
Reply With Quote
The following user says Thank You to Jaguar52 for this post:
 
  #52 (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


Jaguar52 View Post
I had my autotrader get me into the trades last night and managed them as much as I could.... semi bleary eyed. I was in that CL long from the lows and got shaken out...thing went 100 ticks!!!

Yes, likewise. I regret not following the VS on the runner. If I had I would have been done for trading for the day within an hour.

Reply With Quote
 
  #53 (permalink)
 Vendor: protradered.blogspot.com 
NY + NY/USA
 
Futures Experience: Advanced
Platform: Ninja
Broker/Data: Optimus Futures- Rithmic
Favorite Futures: CL, 6E
 
Posts: 236 since Nov 2009
Thanks: 11 given, 1,267 received

CL +48, FDAX +21, TF +2.70


What a day! Looked like a heart attack. Volatility is a good thing...but it can wear you out if you are not patient. Also, it can shake you out and make it tough to keep that runner going.
I have a theory about the necessity for an intra day trader to become the 1 point king.
That means getting your first target with an accuracy of around 77%. This can buy some risk (or all of it depending on your leverage) and put you into a free trade so you have a good chance of catching an extended move.
Of course, with that kind of performance level who needs more than a point!

Attached Thumbnails
My Trades, Charts, Comments and all things trading-2-9-2010-2-13-57-pm.png  

Last edited by Jaguar52; February 9th, 2010 at 04:29 PM.
Reply With Quote
 
  #54 (permalink)
 Vendor: protradered.blogspot.com 
NY + NY/USA
 
Futures Experience: Advanced
Platform: Ninja
Broker/Data: Optimus Futures- Rithmic
Favorite Futures: CL, 6E
 
Posts: 236 since Nov 2009
Thanks: 11 given, 1,267 received

My trade desk

Hasn't change much in years. Sometimes the colors are changed, sometimes I will re-arrange a bit...but same charts, same tools....

Attached Thumbnails
My Trades, Charts, Comments and all things trading-mytradedesk-2-2010.png  
Reply With Quote
 
  #55 (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


Jaguar52 View Post
Hasn't change much in years. Sometimes the colors are changed, sometimes I will re-arrange a bit...but same charts, same tools....

Ed, what size screens do you have?

I take it you have four - are they all in a row, or two on top of the other two?

Reply With Quote
 
  #56 (permalink)
 Vendor: protradered.blogspot.com 
NY + NY/USA
 
Futures Experience: Advanced
Platform: Ninja
Broker/Data: Optimus Futures- Rithmic
Favorite Futures: CL, 6E
 
Posts: 236 since Nov 2009
Thanks: 11 given, 1,267 received


steve2222 View Post
Ed, what size screens do you have?

I take it you have four - are they all in a row, or two on top of the other two?


I have 4 - 20" in row. I read from left to right as I scan for trades setting up. For th YM, I only use 1 trade setup and have just 2 charts - 8m and 15m.
All else is range charts 7/5 combo, except the ES which is 5/3 range combo.
I use 30m, 60m for big picture and pivot levels for each instrument.

When I have the auto trader on, I have a chart for the FDAX, CL, and ES with it running on each.

I have a second computer with 2 monitors running Ninja as backup.

Reply With Quote
The following user says Thank You to Jaguar52 for this post:
 
  #57 (permalink)
Elite Member
Portland/OR
 
Futures Experience: Beginner
Platform: TS
Favorite Futures: Stocks
 
Posts: 11 since Feb 2010
Thanks: 2 given, 3 received

Thank you for great share

Reply With Quote
 
  #58 (permalink)
 Vendor: protradered.blogspot.com 
NY + NY/USA
 
Futures Experience: Advanced
Platform: Ninja
Broker/Data: Optimus Futures- Rithmic
Favorite Futures: CL, 6E
 
Posts: 236 since Nov 2009
Thanks: 11 given, 1,267 received

My Infamous Acid Test

Begin Live Trading after successfully completing the Acid Test. This test must be done on your own, not in a trade education room using others signals. You can use Replay or live market on sim to practice. If you cheat, you loose. You must use live market data to take the test.
Designed for the Emini S&P. For other markets contact me for the scenario (YM, CL, TF). Obtain my recommended journal and detail everything you do. Most important is what you did wrong and what you did right. PASSING GRADE is to double your account within 3 months, or close to it. If you need to reset your sim account then you must start all over from scratch - no refunding.

Option 1:

You must have a starting SIM balance of $5,000 and trade 2 contracts. The first target is 4 tics for 2 contracts with 8 tick stop. It is all in and out at first target. Get in, get out, get paid. This needs a high personal performance rate of at least 75%. You can add 1 contract for every $1000 profit earned. If you lose $1k, you must reduce your contracts back to 2.


Option 2:

You must have a starting SIM balance of $5,000 and trade 2 contracts. The stops are the same as option 1.

The first target is 4 tics for 1 contract and set your second contract target at no closer than 8 tics. You can add 1 contract for every $1000 profit earned.

Once your first target is hit, move your stop to 4 tics behind your entry price (scratch). When price moves 7 tics toward your target, move your stop to entry (break even) and leave it there. If price moves to 8 tics (fill or not), move your stop up 4 tics above your entry price and leave it there. You can add 1 contract for every $1k in profit. If you lose $1k, you must reduce your contracts back to 2. You are only allowed to have 1 runner at any time. So you must manage your trade and take the bulk of your profits quickly to buy your stop (or as much of it as you can afford)

This can all be set up in your Ninja dom strategy. Refer to the Ninja videos or your manual on how to do this.

Option 3:

You must have a starting balance of $10,000 and trade 1 contract. Your stop is 10 tics, your 1st target is 6 tics. Once price moves 6 tics to target, move stop to entry +1. At 7 tics lock in 3tics.

Manage your trade. The goal is 24 tics - . Increase this to 40 tics for the 10 bagger!

As you can tell, there are many ways to slice the pie. The most important is to decide how much risk you can tolerate (which comes to no more than 2% on any single trade), what your personal performance level is in being able to see a valid trade setup, your ability to decide in time and pull the trigger, and how to manage a trade for maximum gains. All this you can learn on sim and your performance record is going to reflect it.

What you will not learn on sim is the emotional upheaval as you take stop after stop. So, if you get stooped out more than 3x in a row, stop trading that day. So, trade the sim as you would real because you have a time frame of 3 months to pass the test. If you find yourself in the second year of trying to pass the acid test, then maybe you should quit trading and do something else.

Study and Practice Options:

1 - Advance your chart one tick (bar) at a time. On each bar decide trade, no trade.
2 - Same as above put strip down the chart to the price bars, and 1 oscillator.
3 - Run market replay no recent than 3 months.
4 - Run simulated data, but have someone else change the trend settings for you every 27 minutes.
5 - Use a 610 or less volume chart, a 3 range chart, a 30 seconds chart, or a 55 tic chart.

Reply With Quote
The following 10 users say Thank You to Jaguar52 for this post:
 
  #59 (permalink)
Elite Member
Pittsburgh, Pa
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: Zen-Fire
Favorite Futures: CL,ES,6E
 
benharrell's Avatar
 
Posts: 235 since Aug 2009
Thanks: 350 given, 96 received

Love this idea. The rationale seems very legit. Could you play out the scenario for "CL"?

Best,
Ben

Reply With Quote
 
  #60 (permalink)
 Vendor: protradered.blogspot.com 
NY + NY/USA
 
Futures Experience: Advanced
Platform: Ninja
Broker/Data: Optimus Futures- Rithmic
Favorite Futures: CL, 6E
 
Posts: 236 since Nov 2009
Thanks: 11 given, 1,267 received



benharrell View Post
Love this idea. The rationale seems very legit. Could you play out the scenario for "CL"?

Best,
Ben


For CL
OPTION 1:
2C - 5 ticks - all in all out. Stop 10 ticks.

OPTION 2:
2C - 1st T 5 ticks, 2nd T 15 ticks. CL is more volatile and moves faster than the ES. Initial stop is 15 ticks (catastrophe just in case) but money stop is 10 ticks.

OPTION 3;
1 C - go for it. Stop 15 ticks.

What you will need to pass this test:
Very good trade setups that you can trade without hesitation.
Discipline.
Sound capitol preservation decisions.
Trade for money attitude.
Focus on price (movement) action.
Ability to accept a smaller stop out if price action dictates.
A lot of patience.

If you cannot pass the test within 3 months, then that is OK. Try to get it done in 6 months. However, if you experience more than 50% draw down, then recovery is almost impossible.

So, take as much time to practice on sim as possible. Do not think that being on sim for 1 year is bad. It is fine. Nobody said this was easy, and if they do I doubt they are real. Once all your practice is done, and you start the test you either pass of fail.
If you draw down more than 30% then consider that account blown and you may as well reset the sim account and start again.

If you cannot pass the test within 1 year....then you have a difficult choice.
You will have to find something that YOU CAN WORK or work at something else.

I recommend that you try the test with what you have now. If you can make it work for you then super...and you may go to cash. A few things will be different. The biggest is the emotional part. There is no substitute for the fear factor. The only thing that comes close is to have a well funded account. I recommend 10k pr contract minimum. Also fills on entry and exit will be different, especially as you increase contracts. So, best way is to be ahead of price and use buy/sell stops in as much as possible.

I look at trading as a profession. It is a business and in order to live off of it, then you have to be proficient. This take time. I consider 3 years as par for the course.
The first year you get all the technicals done - money management, setups, patience, discipline, capitol preservation decision making, trading for money, passing the acid test
The second year you learn how to lose properly. This means you pretty much break even. You learn how strong you are and you start to grow into your profits.
The third year you start to make some money, recover past loses.
The fourth year you take off and actually make money you can use.

It may take you longer or it may be shorter. Depends on you.
However, one thing that is very important. If you find you are making money, then take some money out of your account each month and enjoy it. Even $20. Once you get yourself tuned into getting paid for this activity, the more your brain will accept it as a profitable endeavor and want to repeat it.

Oh, one last thing. If you want to really sharpen your skills....trade in front of a crowd!

Reply With Quote
The following 6 users say Thank You to Jaguar52 for this post:

Reply



futures io > > > My Trades, Charts, Comments and all things 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
Automated Trading - Things we can all learn mattz Beginners and Introductions 6 November 29th, 2010 12:10 AM
Share Comments (74 comments) Permalink Missionary builds flying car, FAA certifies cory Jokes 2 November 8th, 2010 01:44 AM
dsraider's automated ES trading - THE TRADES dsraider Trading Journals 8 May 31st, 2010 01:56 PM
any comments/observations about stack trade? Dagonet Trading Reviews and Vendors 3 March 31st, 2010 12:57 AM


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 2017-12-18 in 0.16 seconds with 21 queries on phoenix via your IP 54.221.93.187