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:96,339 / 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...

  #1241 (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).



Yesterday's watch zone did wind up providing resistance, but it was hard to trade. Price held the high side of it all the way into the RTH close, and did not reject out until pre-open this morning. That scenario is so familiar to me by now that I am seeing why I get less benefit from SR calculation than I would like, and also why MP may possibly provide a better way to determine direction on the fly.

I was also watching for an ES DT yesterday, and so far we have it, with price not only refusing to break the major high but also ON motion coming back below the local high. But again, the benefit of the analysis was none yesterday, and I actually tried to go long in the PM pullback as I assumed it would blow on low volume.

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





I watched as much aof a webinar as I could on reading order flow. Phone kept ringing, but plan to attend the 2-day free access to see what else I can pick up about it. I put a small DOM up against the footprint to follow along with the webinar content.

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 30th, 2013 at 09:58 AM.
Reply With Quote
The following user says Thank You to GaryD for this post:
 
  #1242 (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

Nailed this morning. that's all I have to say. And because of that, I quit today. Adrenaline, or testosterone, or dopamine, or whatever hypnotic cocktail comes from that experience, and I know that by now, says my bonus should be an early day.


Reply With Quote
 
  #1243 (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


Here is what happened. The ES failed yesterday and had pulled back below the local top. ES opened slightly up, and then got hammered. Meanwhile, CL had an opening drive higher, coming off yesterday's TPO POC. I could see heavy absorbtion as CL tried to break above the initial balance, and saw tremendous thrust thrown at trying to go higher but just kept getting soaked up. I went short. It gave me about 10m to make sure that is what I wanted, and buyers were hitting every few ticks of a pullback, and I dropped the trade once thinking I would re-enter at TPOs in B above the IB, but then it finally gave, I jumped back on, aimed for the ETH low, and pressed harder as it went, dragging my stop in as it moved.

I did peel off most of the trade early, but not sure anymore if that is a bad thing. I used to think so and would get frustrated with myself, but I am statring to believe that is not fair criticism of myself.

And the small victory this morning was pressing it. That is something I almost never do, but given the background for today it just felt right. Even the few times I have pressed before, it did not feel right, it felt scary. Today I just did it and thought it was right. By the time I added I was positive, and I never risked losing anything but what I was just in, so there was no risk really after the initial move.

---------------------------------------------------------

Now maybe 30 minutes later, CL is still moving down. I had considered a target of 93.10, just above the NPOC and barely above 90% range from yesterday. And just sighed as I typed that. As excited as I was with my single trade, there was much more potential in it.

Gives me something to think about and work on, but that will come. If it does make it there it will still be a victory for understanding. And without understanding I can't build confidence.

The win this morning comes from something I have seen before, and could not say when, or how many times.

And what I did, something I have been working out in my head for a very long time now, is reverse something I did wrong in the past. I had a trade go against me and added into it, it came back to about BE but I held, and it went against me more so I added in, did not get to BE, against me more, added in... HUGE loser. And I have wondered so many times what that was and why it is so easy to do in a losing trade, and never works that way in a winning trade. I thought, "do the opposite". And that thought has been trying to manifest but couldn't for so long. And even today it was not the same, it was forced behavior. But I was CALM enough and kept focusing on what my intent was, accepted that.

I keep adding to this trying to hold onto that thought and find it more.

Is it, "add in, see if I can get it to be a small loser"?

I will add some charts later. No, the charts do not matter in this case. It was a divergence in market correlation, with a major DT in ES, and huge absorbtion. That was the setup. What matters is digging into that thought and is it, "add in, see if I can get it to be a small loser"? That sounds nuts. But it is the opposite of adding to a loser, the goal in that case being to get it back to a small win.


Last edited by GaryD; April 30th, 2013 at 11:47 AM.
Reply With Quote
The following user says Thank You to GaryD for this post:
 
  #1244 (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).



I am contemplating a long in the green zone, but value is following price... And not sure what I mean bby that yet in terms of bias... as it is constantly a moving target.

We rejected yesterday's low with some force, and shape is wedging. ES has blown all morning shorts away. RTH core value keeps getting rejected as well. Not a very clean setup.

There was a Breaking News conference with Obama about Syria, and that caused a lot of upward pressure, but it got smacked back down twice already, even as ES has taken out the IB high.


ES is at a great Longterm short location...

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 30th, 2013 at 01:07 PM.
Reply With Quote
 
  #1245 (permalink)
Banned: User asked to be banned
Calgary, Canada
 
Futures Experience: Intermediate
Platform: Multiple
Broker/Data: Multiple
Favorite Futures: Multiple
 
Deucalion's Avatar
 
Posts: 430 since Aug 2009
Thanks: 103 given, 1,207 received


GaryD View Post
...............ES is at a great Longterm short location...

Whoa! Easy there - ES has been bouncing one EW wave level to another with deadly accuracy. Major W4 was hit this morning, that's why clowns shorting that got killed. A pause maybe in the works, but typical impulsive targets are higher (not to mention an extension). Dangerous game to play - correlating ES with CL, but ya already knew that

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 2 users say Thank You to Deucalion for this post:
 
  #1246 (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
 
  #1247 (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

closed 93.61. Watching footprint. Probably a wrong exit, but it's a win, I waited for my entry, and was not going to take another anyway.

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

Reply With Quote
 
  #1248 (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


Deucalion View Post
Whoa! Easy there - ES has been bouncing one EW wave level to another with deadly accuracy. Major W4 was hit this morning, that's why clowns shorting that got killed. A pause maybe in the works, but typical impulsive targets are higher (not to mention an extension). Dangerous game to play - correlating ES with CL, but ya already knew that

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


I am saying from a 1 out of 4 with 10x RR.

Long Term is not a game I play yet. You are the ES man far more than I am. Just trying to decide if I kept at it today in CL after I told myself not to. NEVER listen ot me in ES, I am using it for something completely different 90% of the time.

As of this moment, they broke the local high 1591 something, but I would still sell ES for a multi-day hold, IF I sold ES for multi-day holds. And figure my odds 30% with a target...

I don't know really, not thinking about it with any sense of reality, but certainly down there some.

But, you gotta admit, good entry call on CL

Reply With Quote
 
  #1249 (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


Deucalion View Post
Major W4 was hit this morning,

Make this easier for me, where do you see W5 for ES? I looked, but do not see in the timeframes I am looking at.


Last edited by GaryD; April 30th, 2013 at 02:24 PM.
Reply With Quote
 
  #1250 (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



GaryD View Post

But, you gotta admit, good entry call on CL



@Deucalion, if you promise not to tell anyone I will let you in on a secret. I went TIGHT, and got hit twice before it took.

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




A couple things I noticed while studying this for the next time.

1) If I had not already been hesitant to trade again, my stop would have been a lot further out, at a minimum should have been below TPO value.

2) The better entry than the minor LSPs was confluence with TPO VAL and RTH Vwap 1.5 SD.


But really, IF that were a great trade, the stop would be below current RTH low and the target at least 93.85. And I am not sold on that, which means little as I work through this method, but Vwap is solidly down still on both RTH/ETH, and my focus on that LSP buy kept me out of some nice shorts.


Last edited by GaryD; April 30th, 2013 at 02:29 PM.
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)

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
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 06:23 AM.

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 2017-12-14 in 0.16 seconds with 20 queries on phoenix via your IP 54.160.245.121