(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 100,000 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 – 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 don’t 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.
I will begin my journal here. Instead of spewing random thoughts concerning setups and such in the Spoonalysis thread, I would be much better served by keeping them concentrated for myself, and those that may be interested, in a separate thread. Thanks @Big Mike for making this forum available for such.
My primary focus is the /es. My trades are triggered using the nyse $tick, as this is the closest thing I have found to a real time (leading?) indicator that I am aware of.
Before I get into my method of madness, let me say that there are several people that have been trading mentors to me, yet they have no idea. I have been fortunate to be able to learn from some unbelievable traders and none charged a dime. Some found here on futures.io (formerly BMT), some elsewhere. Lucky for me, most were shortlived. Because when they would post, I couldn’t concentrate on what I should have been concentrating on which is “my trading.” Instead, I would be too consumed with wondering what they might post next so I could follow. It was only when they went silent, that I could find the confidence to place “my” trades.
My trading begins with trying to determine the context of the market. Are we trending, or are we within a bracket? My trade locations are based on predetermined areas of interest. These areas are found by analyzing the market in several time frames. I rely on Market Profile to locate such areas. I prefer to take my trades at “extremes”, or outside of value. I use profile value areas, and vwap 2nd sd bands. I watch for these areas to form a confluence area with other key levels such as pivots, retracement areas, etc. Everything in my trading is discretionary so I am wrong often. Before I enter a trade, I always know where I will be proven wrong. An example would be fading a retracement at 50% and placing my stop a tick or two beyond the 61.8% level. ( Sounds good, but will I get out? That is one purpose of this journal I suppose.)
As for the $tick, I could not trade without it. It is my primary tool for triggers. I use a 5 min & 1 min tick chart. I look for divergence with moving average. I use trendlines & channels, identify support & resistance, all on my tick chart instead of the price chart. Often a channel break, etc. will occur before the price will. I also pay attention to new tick hi’s, low’s of the day & especially extreme ticks. Typically readings over 1000, under -1000. I am also beginning to incorporate the vol ladder into my trading.
Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.
QE freight train, this chart makes me ignore all of the short term divergences on my screen at the moment. The only way I would consider a reversal trade here would be for the market to stop one time framing, short try outside value currently at 82, stop just above DR3 at 84.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).
Looking forward to this journal sounds interesting. I want to learn more on how people use $Tick, there is a good thread on here actually I'm sure you might have read it already.
The following user says Thank You to cmmichaels for this post:
Yes, I would recommend you check out Dr Steenbarger's Traderfeed blog as well if you haven't already. A wealth of info about nyse $tick found there. I read back through it regularly.
The following user says Thank You to Xelaneb for this post:
Bull in full beast mode. ma solidly above zero line. few dips below the last 4 days. would at least wait for moving avg to break trendline before thinking of countertrend trades.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).
Please include a source link when quoting other material, such as Bespoke.
The problem with Bespoke is they've never published (to my knowledge) a graph that shows how accurate their own polls are, for example overlaying their poll sentiment with actual market performance.
Mike
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
