Trading fast markets - Trading Journals | futures io social day trading
futures io futures trading


Trading fast markets
Updated: Views / Replies:117,891 / 977
Created: by xelaar Attachments:517

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
 517  
 
Thread Tools Search this Thread
 

Trading fast markets

  #711 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,739 given, 2,592 received

DAX trading

Today DAX is in a very tight range, as very small volume is being traded. I reckon this is due to NFP day. I practice entries without aligning the levels, I had only one decent signal early and took 10 ticks off it as traget 1 and runner stopped at entry. After that I just placed trades for the sake of practicing entries. I have to say this excersize is nearly worthless, because DAX is totally dormant and at some point size comes it and produce activity for 10-20 seconds, then it dies out again. This is not the market to trade live or even do any sort of measured practicing.

I will probably stay out of trading in combine account today at all. Not worth it, I usually do bad on NFP days. I will stick to my Ninja setup that I start to actually like and keep practicing entries on crude.

Combine-wise, I have a half behind me, 4500 profit has been booked. This is less than half (6000) so it makes second half quite tough to get to the profit target. At current number of losers per day I can hardly increase my position size, so I need to work on reducing these losers. I will look to bring stop to break even early. Not touching it helps to get occational runner that could be stopped at be instead but apparently it not worth it - these strings of losers that result from not protecting the trade actually kill daily profit and any chance to get to the target. So my plan will be to protect the trade early and take part one off earlier and hope occasional runner will do the job of bringing profits home. If I manage to reduce losing streaks I will be able to add to position size too.

Trade to live. Not live to trade.
Reply With Quote
The following 3 users say Thank You to xelaar for this post:
 
  #712 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,739 given, 2,592 received

I have a feeling my method can actually do better in gold than in CL. So I will try next week to apply it to gold first using 10 ticks stop as maximum risk looking for 20-30 ticks on first target. Since aI am not sure yet about expected performance I opt to stay away from combine account and trade in my Ninja. If I get into a groove I will move to combine. If I want to get to the profit target I need to start posting much more profit. Currently I see tge biggest issue as levels in crude are not strong and as result I get many losers in a row. Also moves many times are shallow. Before diving into changing the system I want to try with a different instrument I have good experience with such as gold, which is notorious for abiding levels and reacting to it.

Trade to live. Not live to trade.
Reply With Quote
 
  #713 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,739 given, 2,592 received


I have been reading a recent praise thread to Fat Tails about using Heiken-Ashi and Renko bars with FT's implementation of SuperSmoother. It reminded me about my own experience of trading EurUSD forex pair using Fractal Bars and Advanced LaGuerre Filter. It was going actually great until it chopped me off to death. That was a in summer 2012. I remember that I could not find a decisive filter to using this strategy so I abandoned it.

Thinking about it again, I believe that better understanding of order flow and how key levels develop and how price action behaves around it together with reading volume profile is actually the basis of my trading approach. The way I enter now is just a crutch for absence of more reliable way to get onto developing swings. While I posted good and very consistent results lately in crude, I am not very happy about general profitability as compared to risk taken every day, even if I keep ending every day in profit. Also, it puts a bit of strain mentally as when price gets to the level I have to watch tick action very carefully and still can miss some entries, and many others will turn sour.

So while I was reading this thread, it reminded me of experience I already had and tools I used with MetaTrader, and much better tools now available for Ninja thanks to great contributors such as FatTails. I realized that I can use this experience together with my new order flow style to improve my entry technique and use SS and paint bars to stay in those swing legs longer.

As I have decided to give it a go in gold next week, I will try to enter using information from paint bars, SS and volume charts instead of time charts. Stop obviously will be flexible in this case, since I will be using 3-tick better renko bars for entries, stop usually will be about 5-9 ticks.

Here is how my setup will look like. I am yet to find out if it will give me less stop outs, but it does look quite good. Instead of 2 minute main decision chart I will use 500 volume chart to compact price action and split these huge 2m bars that gold tends to produce from time to time into several tradable bars.

Follow me to see what results it will bring.

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

Trade to live. Not live to trade.

Last edited by xelaar; October 6th, 2013 at 02:09 PM.
Reply With Quote
 
  #714 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,739 given, 2,592 received

Set up my charts today. Tried several configurations until found a decent setup for Dax and Gold. More or less it does not help to enter per se but confirm trade after entry and stay in the trade longer.

Trade to live. Not live to trade.
Reply With Quote
 
  #715 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,739 given, 2,592 received

Slowly tuning in to new charts and adjusting to entering. Weird newsless markets don't help much, but I will prevail.

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).

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).

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).

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

Trade to live. Not live to trade.
Reply With Quote
The following user says Thank You to xelaar for this post:
 
  #716 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,739 given, 2,592 received

Today's trading was more successful in all instruments: I traded dax, crude and gold. I am getting handy at it.
However the same problem with multiple stop outs stays there. For next two days I will look to also trade off larger scale chart, 800 contracts, with Heiken-Ashi reversals at selected key levels. Stop will likely be 15-30 ticks. Not sure what profitability can be expected yet, but I hope at least 50% as opposed to 20-30% with current micro-stop. I will also look to limit risk very fast.

Trade to live. Not live to trade.
Reply With Quote
 
  #717 (permalink)
Elite Member
Vizag+india
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Nifty
 
tinkug112's Avatar
 
Posts: 89 since May 2012
Thanks: 110 given, 87 received

Multiple instrument trading

I find it amazing that you trade multiple instruments.
For me it like shifting gears constantly. I am not made for it.

Reply With Quote
 
  #718 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,739 given, 2,592 received


tinkug112 View Post
I find it amazing that you trade multiple instruments.
For me it like shifting gears constantly. I am not made for it.

That's true and this is why I initially concentrated on just gold, to learn it and stay focused on it. I did more or less the same recently with crude. Now the idea is to select a better market to trade. I don't mix trades from different markets in quick succession, I rather select which of two offers better moves and setups and then I follow it, only switching into another one as it slows down and become not interesting. Still, I need to work on risk rules involving trading multiple markets. That was a reason I traded just gold in my first combine - I realized more markets I trade more risk I take and it will likely lead to larger losses and smaller wins, because losses from several markets will compound some days and I will still have to trade smaller size per market and thus wins will be smaller. Solution can be trading a single market per day, this is what I had been doing so far in this combine, or, allow a switch to another market only when profitable for the day but current market does not give any opportunities.

Trade to live. Not live to trade.
Reply With Quote
The following user says Thank You to xelaar for this post:
 
  #719 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,739 given, 2,592 received

I don't feel like I am ready to trade in combine this week. I have made some good progress last week working on improving accuracy, but I am still doing too many trades per setup. This week I will concentrate on taking trades only at designated locations and only in a right direction, i.e. not going against the tide. Last week had some huge moves that showed the whole futility of trying to stop the market.

I will start filling the journal again, as I have pretty much defined trading rules and moving from discovery/incubation phase to forward walk phase.

Trade to live. Not live to trade.
Reply With Quote
The following 3 users say Thank You to xelaar for this post:
 
  #720 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,739 given, 2,592 received

DAX trading


Today 3 trades, very slow and low volume market. I have made a hasty decision on the first trade, that is not shown on charts, shorting from a second high after a very small pullback, level was good for short, but I should have waited for larger pullback indicating selling interest there and I should act on signs of positive order flow and ladder imbalance at highs favoring level break. It did break and slipped my exit.

Two other trades made easy to scale but could not continue on the runner. They returned pretty much the same I had lost on first trade including commissions, so I can could this day as a break even day.

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).

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



Conclusion - wait for a pullback that can be seen on a higher chart, and keep note of orderflow at these levels. Preferably wait for lower high or higher low before taking a trade and keep stop above that high or below that low, but before day high/low. It may lead to few more stops eventually, but lately HOD and LOD are getting busted with such a violence, slippage on stops might be totally devastating, last friday gold busted my stop for over 120 ticks of slippage on demo. I feel sick imagining what would happen live. So to keep rather safe than sorry, I will go for having a stop before the HOD or LOD or a very major level.

Trade to live. Not live to trade.
Reply With Quote
The following user says Thank You to xelaar for this post:

Reply



futures io > > > Trading fast markets

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
Trading Trendlines Across Markets: Futures Trading Journal sahbmt Elite Trading Journals 135 June 26th, 2013 03:59 PM
Markets with the Most Automated Trading!!! RJay Traders Hideout 6 April 2nd, 2011 12:02 PM
Trading correlated markets josh Traders Hideout 10 March 28th, 2011 11:59 PM
Any idea for fast frequency trading ? MyTraderAdvisor Elite Automated Trading 53 August 3rd, 2010 06:11 AM
Fast Brokers papa15 Reviews of Brokers and Data Feeds 7 July 20th, 2010 03:41 PM


All times are GMT -4. The time now is 09:06 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 2017-12-14 in 0.17 seconds with 20 queries on phoenix via your IP 54.221.73.186