Like a turtle to his balcony... - Trading Journals | futures io social day trading
futures io futures trading


Like a turtle to his balcony...
Updated: Views / Replies:96,224 / 1,905
Created: by GaryD Attachments:1,051

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
 1,051  
 
Thread Tools Search this Thread
 

Like a turtle to his balcony...

  #1171 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received

scalped it back + 7. Bad habit, I know, but a lot easier.

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



There was another absorbtion bar. Countertrend for sure at this point, riding +2 SD on both ETH and RTH vwap.

Reply With Quote
 
  #1172 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received

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



Price came back into value, then tested the TPO VAH. Short 2, may take one off. Going to ride the other.

Reply With Quote
 
  #1173 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received


1 off 90.12, BE stop the 2nd

Reply With Quote
 
  #1174 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received

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

Reply With Quote
 
  #1175 (permalink)
Elite Member
Georgia, US
 
Futures Experience: None
Platform: Various
Favorite Futures: Various
 
josh's Avatar
 
Posts: 4,897 since Jan 2011
Thanks: 5,143 given, 11,242 received

@GaryD, recently Sierra added a background type to the Number Bars V2 study called "Ask/Bid Volume Split Profile" which I requested them to do, because of some of greenr's cool looking charts. It is similar to what you have here, except that there is a separate profile per bar for bid and ask, and it shows very clearly which side the volume was on (though yours shows it with the dominant coloring as well). I just wanted to mention it since it's a new addition and something you might enjoy trying. Cheers mate!

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

Reply With Quote
The following 4 users say Thank You to josh for this post:
 
  #1176 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received


Silver Dragon View Post
@GaryD

All this stuff seems complicated compared to what you used to trade: Does it work? Not criticizing, just curious.

Edit: didnt finish my thought.. Does it work as well as your old system?

Robert


The short answer is NO.

The long answer;

I am trying to rewire some things that cause me to have more fear than I think is needed, and the goal is to have a better understanding of what to expect and why. In the process I find myself doing all kinds of things that are not productive.
  • I view the market from two separate perspectives, my old one and this new one. I trust new things when I shouldn't and then don't trust them when I should.
  • I misinterpret information based on context.
  • I think I am going to follow one thing and wind up fading it instead.
  • I let one profitable scalp after another turn on me.


But staying with it.

Reply With Quote
 
  #1177 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received


Silver Dragon View Post
@GaryD

All this stuff seems complicated compared to what you used to trade: https://futures.io/trading-journals/12409-catching-big-waves-traders-journal-surfing-markets-188.html#post207763 Does it work? Not criticizing, just curious.

Edit: didnt finish my thought.. Does it work as well as your old system?

Robert


Here is an example of how I am attempting to define resistance in terms of MP and it is not working.

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




Versus a 6 range chart

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


Last edited by GaryD; April 24th, 2013 at 06:37 PM.
Reply With Quote
 
  #1178 (permalink)
Elite Member
Portland, OR, US
 
Futures Experience: None
Platform: Investor r/t, X_Trader, ToS
Broker/Data: AMP/IQfeed
Favorite Futures: ES
 
zander931's Avatar
 
Posts: 493 since Nov 2012
Thanks: 1,496 given, 1,206 received


GaryD View Post
Here is an example of how I am attempting to define resistance in terms of MP and it is not working.

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




Versus a 6 range chart

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

Hey Gary, I've been following your journal for awhile and have gained some wonderful insights from it. In an effort to give back, I'd like to offer my humble opinion regarding your recent MP support/resistance comments.

Just a small note... This is all based on my (limited) knowledge and experience with market profile. So don't just take my word for it

Simply defining excess (in the terms of buying or selling tails, gaps, spikes, etc...) and trying to trade solely off of those references may not be effective in the long run. Everything must be taken in context.

For instance...

I don't personally trade CL, but from the chart you posted it looks like crude opened out of range, leaving a six day balance in the dust. You are obviously much more involved in the CL market than I, and I'm sure you had your reasons for the trade decisions you made today, but based on that information alone, I'd be stalking a long right from the open (of course, it's rather easy for me to say that in hindsight )

You may already consider all this, I admittedly haven't kept up with your new thread, so I don't know. But I thought I'd throw it out there.

Reply With Quote
The following user says Thank You to zander931 for this post:
 
  #1179 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received


zander931 View Post
Hey Gary, I've been following your journal for awhile and have gained some wonderful insights from it. In an effort to give back, I'd like to offer my humble opinion regarding your recent MP support/resistance comments.

Just a small note... This is all based on my (limited) knowledge and experience with market profile. So don't just take my word for it

Simply defining excess (in the terms of buying or selling tails, gaps, spikes, etc...) and trying to trade solely off of those references may not be effective in the long run. Everything must be taken in context.

For instance...

I don't personally trade CL, but from the chart you posted it looks like crude opened out of range, leaving a six day balance in the dust. You are obviously much more involved in the CL market than I, and I'm sure you had your reasons for the trade decisions you made today, but based on that information alone, I'd be stalking a long right from the open (of course, it's rather easy for me to say that in hindsight )

You may already consider all this, I admittedly haven't kept up with your new thread, so I don't know. But I thought I'd throw it out there.


My nemesis is fear. It was a learned behavior for me, but I have adopted it as my own. I am trying to replace it with better understanding.

My trading developed out of some weird circumstances, a lot of trial and error, and a need to survive. I developed a sense of some things but not others, and even what I felt I "knew", I was not always sure why. Then as I was casually reading some posts, catching up with what I had missed over how ever many months, I read something that sounded completely foreign to me in the language but was putting things I "knew" into order and giving them definitions that I lacked. So I have decided to go hard core down that path to obtaining a greater depth of knowledge. I have removed almost everything I watched previously, believing it is making room for new information, but it leaves me feeling a bit lost some days.

The 5-day balance, I see now, I guess I saw then. I am digesting as I watch. Sometimes I see myself doing things that make no sense to me afterwards, something to do with stirring the pot. It is frustrating for sure. But I am not getting "hurt" exactly. I was wrong today, but bailed fast. And I watch a lot more than I trade.

The good news, I am learning a lot. And the books I am reading now are far beyond what I could even begin to assimilate a few years ago. At least what I read makes sense immediately. But in real time I still hesitate, stumble, contradict, etc.

If I were scalping as usual I would be doing much better, that is a fact. I do find myself "scalping back" a lot of my learning mishaps. But I never really had a lot of confidence in that style. It was a lot of fight or flight, and extremely stressful on me to stay in that zone for any length of time. Hopefully this year I will bring it all back together and come out stronger, calmer, better clarity, more confidence.

Reply With Quote
The following user says Thank You to GaryD for this post:
 
  #1180 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received


There is a very lonely looking profile bar, whose NPOC seemed to be calling the market today. I watched price just stay pressed hard against the top until it finally hit, and then in near perfect synchronicity it let off, as I assume savvy traders took their profits.

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




That area coincides with the 618 of what was recently defined as W3, and the 50% of the major move down, as well as the bottom of W1 (not to be exceeded...) which was also the major neckline that appears to have been a catalyst for the major drop.

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




Of course, there is always another story, and in this case a MAJOR abc might have completed...

Reply With Quote

Reply



futures io > > > Like a turtle to his balcony...

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Turtle Trading System on TOS Fourwedge ThinkOrSwim 8 June 21st, 2014 12:15 AM
Turtle and the Hare kbit Jokes 1 December 12th, 2012 06:22 AM
Turtle TS-code help needed from programmers abcplot EasyLanguage Programming 1 May 11th, 2011 03:29 PM
Turtle Trading System Calculation Help wanted JVentura Platforms and Indicators 2 November 22nd, 2010 09:27 PM


All times are GMT -4. The time now is 12:23 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 2017-12-12 in 0.17 seconds with 20 queries on phoenix via your IP 54.145.16.43