Trading fast markets - futures io
futures io futures trading



Trading fast markets


Discussion in Trading Journals

Updated January 25th 2016 by billbohm
      Top Posters
    1. looks_one xelaar with 561 posts (1,326 thanks)
    2. looks_two Pedro40 with 29 posts (21 thanks)
    3. looks_3 podski with 26 posts (60 thanks)
    4. looks_4 kevinkdog with 22 posts (51 thanks)
      Best Posters
    1. looks_one xelaar with 2.4 thanks per post
    2. looks_two podski with 2.3 thanks per post
    3. looks_3 kevinkdog with 2.3 thanks per post
    4. looks_4 garyboy275 with 2.3 thanks per post
    1. trending_up 141,307 views
    2. thumb_up 1,983 thanks given
    3. group 120 followers
    1. forum 977 replies
    2. attach_file 516 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 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 fast markets

(login for full post details)
  #661 (permalink)
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,565 received

DAX trading

Today's DAX development trading. I have started originally as last week but later on updated Jigsaw tools and launched them, looking especially at strength meter. Early to tell, but I felt like it helped me to filter out few bad trades and gave confidence to enter 1-2 more risky trades I would not do normally without apparent strength of market on my side.

Still need to think about stop size, so far I use the minimal stop 3 ticks, it works many times when trade is ok, but there are few times where slightly larger stop could do better. It's a question though which approach is more profitable. I have a tendency to go for high precision entries with smallish stops, getting several knock outs but one winner pays for several losers, as I hate to see trade going into red when level clearly busted. There are cases, though when I get stop out but premise is not lost yet and some of these would work with 5-6 tick stops. Remains to be seen.









Trade to live. Not live to trade.
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote

Can you help answer these questions
from other members on futures io?
Convert NinjaTrader NT7 indicator to Tradestation EasyLanguage and RADARSCREEN
Platforms and Indicators
Issue meeting order entry conditions
Elite Automated NinjaTrader Trading
Last 5 minutes Label
ThinkOrSwim
Moving average with Lag reduction
NinjaTrader
Linux?
ThinkOrSwim
 
Best Threads (Most Thanked)
in the last 7 days on futures io
FIO Journal Challenge - June 2020 w/SharkIndicators
71 thanks
Spoo-nalysis ES e-mini futures S&P 500
66 thanks
Bookmap vs Jigsaw Daytradr
31 thanks
AMP Futures / AMP Global Review
27 thanks
What is your single biggest weakness?
27 thanks
 
(login for full post details)
  #662 (permalink)
Philadelphia
 
Experience: None
Platform: corded black telephone
Trading: ticker tape
 
Posts: 2,893 since Apr 2012
Thanks: 1,683 given, 3,665 received


xelaar View Post
Is it a suggestion? I know I promised one to Mike but following my fallout from TST I really did not have it on my mind. However I might put something together in next few weeks as I keep getting good results.

Oh thanks, I'd appreciate it. I guess you could consider it a suggestion. I saw you did a webinar off of bmt and was just curious if you were going to do another.

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
Reply With Quote
The following user says Thank You to Itchymoku for this post:
 
(login for full post details)
  #663 (permalink)
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,565 received



Itchymoku View Post
Oh thanks, I'd appreciate it. I guess you could consider it a suggestion. I saw you did a webinar off of bmt and was just curious if you were going to do another.

Alright, then I would appreciate suggestion for the topic

Trade to live. Not live to trade.
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #664 (permalink)
Philadelphia
 
Experience: None
Platform: corded black telephone
Trading: ticker tape
 
Posts: 2,893 since Apr 2012
Thanks: 1,683 given, 3,665 received

I'm going to skim through the stophunting webinar and see if you missed anything or what you could add with a new webinar. I know I personally would enjoy maybe a webinar on trade execution - stop loss placement/ profit targets and how you identify momentum or favorable conditions for trading

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
Reply With Quote
 
(login for full post details)
  #665 (permalink)
Philadelphia
 
Experience: None
Platform: corded black telephone
Trading: ticker tape
 
Posts: 2,893 since Apr 2012
Thanks: 1,683 given, 3,665 received

Pardon for my mistake, now that I think about this I'm not even sure if this was you in the webinar below because of the different looking charts or a suggested webinar you posted
Webinar IV- StopHunters - MarketDelta's library

Either way, A new webinar would be great

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
Reply With Quote
 
(login for full post details)
  #666 (permalink)
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,565 received


Itchymoku View Post
Pardon for my mistake, now that I think about this I'm not even sure if this was you in the webinar below because of the different looking charts or a suggested webinar you posted
Webinar IV- StopHunters - MarketDelta's library

Either way, A new webinar would be great

That's not mine, I never did a webinar at futures.io (formerly BMT), I did one for Pete Davis' website, Jigsaw trading, about order flow trading.

Trade to live. Not live to trade.
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #667 (permalink)
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,565 received

Another take on CL and GC, but other way around. I like this approach because it has a nice structure - known stop, clear invalidation of premise, clear price action (as it is a reversal) ahead with possibility to plan targets.







I will look tomorrow to attempt to trade DAX with the same approach.

Trade to live. Not live to trade.
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #668 (permalink)
Pittsburgh, Pennsylvania
 
 
Posts: 563 since Jan 2013
Thanks: 33 given, 375 received


xelaar View Post
Alright, then I would appreciate suggestion for the topic

The dangers of sailing on the Adriatic sea...

Reply With Quote
 
(login for full post details)
  #669 (permalink)
wa/ usa
 
Experience: Intermediate
Platform: schwab, metatrader, OEC,T4,TDameritrade
Trading: CL ES 6C 6E
 
Posts: 260 since Oct 2012
Thanks: 202 given, 446 received


xelaar View Post
I probably have overreacted yesterday out of frustration. Sorry for that rant, guys.

You didnt overreact-just a normal reaction from any good trader. Its the same question I have had for a while-why would they put their own-backed traders in such a spot when there are other better platforms available ? Unless their strategy is to have guys keep taking a combine until they have paid for their initial loss. There are enough frustrations for a trader without having to worry about their platform for one. T4 feels like a dinosaur compared to OEC. OEC has had some problems but they seem minor compared to what T4 puts you thru.

Anyways goodluck in what you are doing. I do feel sorry that you had all these problems with T4-wish they would give a choice between T4 and OEC.

Its a good option for folks who are short on their own funded account but if you have your own money its not a 50k or 150k account they are funding-you could trade the same size with a 25-50k account of your own and keep 100% plus the tax benefits of futures trading--TST treats you like a contractor so no futures tax benefits.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to garyboy275 for this post:
 
(login for full post details)
  #670 (permalink)
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,565 received



garyboy275 View Post
You didnt overreact-just a normal reaction from any good trader. Its the same question I have had for a while-why would they put their own-backed traders in such a spot when there are other better platforms available ? Unless their strategy is to have guys keep taking a combine until they have paid for their initial loss. There are enough frustrations for a trader without having to worry about their platform for one. T4 feels like a dinosaur compared to OEC. OEC has had some problems but they seem minor compared to what T4 puts you thru.

Anyways goodluck in what you are doing. I do feel sorry that you had all these problems with T4-wish they would give a choice between T4 and OEC.

Its a good option for folks who are short on their own funded account but if you have your own money its not a 50k or 150k account they are funding-you could trade the same size with a 25-50k account of your own and keep 100% plus the tax benefits of futures trading--TST treats you like a contractor so no futures tax benefits.

You are right, but T4 was fine for my original trading methods, it's just not suited for fast moving markets and attempts to modify orders fast. For me TST wasn't really about getting funded account, it was rather about winning a contest, a competition, a challange. I guess after I won it and got into funded account routine I did not appreciate it much, to stick with the original system and just wait doldrums out. Oh well, easy come easy go.

Trade to live. Not live to trade.
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote


futures io Trading Community Trading Journals > Trading fast markets


January 25, 2016


Upcoming Webinars and Events
 

Free BloodHound Licenses for everyone!

June
 

Every journal equals ten meals for the hungry

June
     



Copyright © 2020 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