Fundamentals for New Traders - Trading Journals | futures io social day trading
futures io futures trading


Fundamentals for New Traders
Updated: Views / Replies:3,676 / 58
Created: by aquarian1 Attachments:27

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
 27  
 
Thread Tools Search this Thread
 

Fundamentals for New Traders

  #11 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
Futures Experience: Advanced
Platform: IB and free NT
Broker/Data: IB
Favorite Futures: ES
 
aquarian1's Avatar
 
Posts: 3,246 since Dec 2010
Thanks: 1,167 given, 1,760 received
Forum Reputation: Legendary

S/R levels and trendlines

11:25 AM 4/24/2013

S/R levels and trendlines

Finding S/r level and drawing trendlines properly the most important thing to learn. It is also skipped over by too many traders.

Start with the larger time frame and work down.
For downtrend lines connect the tops.
For uptrend lines connect the bottoms.
Divide important moves into 8ths (and thirds) to look for possible S/R levels.

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


Part 1 s_r and trendlines on CDN chart

2013-04-24_1121

Keep your mind in the future, in the now.
Reply With Quote
 
  #12 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
Futures Experience: Advanced
Platform: IB and free NT
Broker/Data: IB
Favorite Futures: ES
 
aquarian1's Avatar
 
Posts: 3,246 since Dec 2010
Thanks: 1,167 given, 1,760 received
Forum Reputation: Legendary

Wednesday - a consolidation day

Today was a narrow-range bound day with a high where we expected it - between 77.50 and 80

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



Consolidation day or range bound day

Keep your mind in the future, in the now.
Reply With Quote
The following user says Thank You to aquarian1 for this post:
 
  #13 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
Futures Experience: Advanced
Platform: IB and free NT
Broker/Data: IB
Favorite Futures: ES
 
aquarian1's Avatar
 
Posts: 3,246 since Dec 2010
Thanks: 1,167 given, 1,760 received
Forum Reputation: Legendary

Quick look to Thursday


running the stops and looking ahead to Thursday

Keep your mind in the future, in the now.
Reply With Quote
 
  #14 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
Futures Experience: Advanced
Platform: IB and free NT
Broker/Data: IB
Favorite Futures: ES
 
aquarian1's Avatar
 
Posts: 3,246 since Dec 2010
Thanks: 1,167 given, 1,760 received
Forum Reputation: Legendary

Experimentation

One of the basics in becoming a good trader is experimentation.
The traditional tools I'm showcasing here have been tried and tested over time and so you must have these in your toolkit.

Some may have been thinking "You're showing us these fundamentals, so what works?"

In the age of rapid spreading of ideas what works best (for you) is a system that fits your personality (and time and resources and goals). Additionally you must bring some originality to your profession to truly excel at it.

"Keep experimenting - even at 80 I am making new discoveries." - Gann (loose quote)

You need an open mind and you need to follow your intuitive hunches to experiment successfully.

Once you have spend some time working through the compounding of numbers you understand that there are very few who have a set of systems that produce consistent results. (Try 15 points a week over 52 weeks and see what you get).

When you have gone through the exercise you will understand for yourself that reading a book on market profiling will only put you in a sea of competition with hundreds of thousands others. Know that banks and large trading houses have huge pockets and massive computers and a sea of bright MBAs and statisticians. If more of these would give them an edge they would do it. Instead they hack an AP twitter account or fat finger a Thursday or run stops.

To be away from the competition and to give yourself a chance you must think and create something new for yourself.

a video on experimentation.

experimentation

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

Keep your mind in the future, in the now.
Reply With Quote
 
  #15 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
Futures Experience: Advanced
Platform: IB and free NT
Broker/Data: IB
Favorite Futures: ES
 
aquarian1's Avatar
 
Posts: 3,246 since Dec 2010
Thanks: 1,167 given, 1,760 received
Forum Reputation: Legendary

I tried posting some pics with the indicator

not sure where they are

heres the video

double top, setups and likely for Monday 2013-04-28_2306


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

Keep your mind in the future, in the now.
Reply With Quote
The following user says Thank You to aquarian1 for this post:
 
  #16 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
Futures Experience: Advanced
Platform: IB and free NT
Broker/Data: IB
Favorite Futures: ES
 
aquarian1's Avatar
 
Posts: 3,246 since Dec 2010
Thanks: 1,167 given, 1,760 received
Forum Reputation: Legendary

Trends and retracements - a key tool for your setup

8:16 PM 5/1/2013
Trends and retracements

In making your trading plan you need 3 components
The setup & exit
stops
money management.

A setup is a set of conditions that you have decided puts the odds in your favour for a profitable trade.
This will have two components- the amount you can make versus lose (the reward:risk or RR ratio) and the probability of it being profitable.

Different setups will have different RRs and probabilities.

One of the keys in creating a setup is trends and retracements.

Here are two videos using the ES action for today (Wednessay) to look at retracements.
(I'll have to do more on this in a later post)

The overnight session
Part 1 of Trends and retracements

The RTH session
Trends and retracements Part 2

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).

Keep your mind in the future, in the now.
Reply With Quote
 
  #17 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
Futures Experience: Advanced
Platform: IB and free NT
Broker/Data: IB
Favorite Futures: ES
 
aquarian1's Avatar
 
Posts: 3,246 since Dec 2010
Thanks: 1,167 given, 1,760 received
Forum Reputation: Legendary

The setup

An example of a setup

This is an equal leg setup where it has risen 8.75 and we are looking for a fall of 50% or 4.25 to 4.5 points, and then for the rise to continue 8.75.

With experience you will see the chances of this unfolding would be better with a steeper slope - but this is just and example.

http://screencast.com/t/70MK24ram


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

Reply With Quote
 
  #18 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
Futures Experience: Advanced
Platform: IB and free NT
Broker/Data: IB
Favorite Futures: ES
 
aquarian1's Avatar
 
Posts: 3,246 since Dec 2010
Thanks: 1,167 given, 1,760 received
Forum Reputation: Legendary

We have gone in at market as the market pulled away.
This action was suspected (as we mention in the previous post) in part one due to the shallow slope of the lines.
The video shows how we adjust the stop.

http://screencast.com/t/tRyLo4fMd

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


Last edited by aquarian1; May 2nd, 2013 at 12:54 PM.
Reply With Quote
 
  #19 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
Futures Experience: Advanced
Platform: IB and free NT
Broker/Data: IB
Favorite Futures: ES
 
aquarian1's Avatar
 
Posts: 3,246 since Dec 2010
Thanks: 1,167 given, 1,760 received
Forum Reputation: Legendary

reading the white space

http://screencast.com/t/AaKmdJ04n3KM

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

Reply With Quote
 
  #20 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
Futures Experience: Advanced
Platform: IB and free NT
Broker/Data: IB
Favorite Futures: ES
 
aquarian1's Avatar
 
Posts: 3,246 since Dec 2010
Thanks: 1,167 given, 1,760 received
Forum Reputation: Legendary


The result
Buy = 1589.5
Buy = 1589.75
Sell = 1592
Sell = 1594
6.75
50
337.50


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

Reply With Quote

Reply



futures io > > > Fundamentals for New Traders

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
Fundamentals of the market DavidK Beginners and Introductions 1 April 23rd, 2012 11:34 PM
Greek vote...fundamentals...yeah, they do matter RM99 Commodities Futures Trading 1 June 29th, 2011 10:15 AM
Yen falling and fundamentals regarding earthquake josh Traders Hideout 3 March 18th, 2011 02:56 PM
Fundamentals in Google Earth Ryanb The Elite Circle 2 March 11th, 2011 02:16 PM
Follow news, economy and fundamentals while trading? shodson Traders Hideout 2 July 22nd, 2009 05:39 PM


All times are GMT -4. The time now is 10:50 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 2017-12-16 in 0.14 seconds with 20 queries on phoenix via your IP 54.227.51.103