cunparis journal, thoughts, and more - Trading Journals | futures io social day trading
futures io futures trading


cunparis journal, thoughts, and more
Updated: Views / Replies:93,160 / 905
Created: by cunparis Attachments:370

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

Closed Thread
 370  
 
Thread Tools Search this Thread
 

cunparis journal, thoughts, and more

  #11 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,030 received


WestBeach View Post
T
As an example, If there is a strong defined down trend on a weekly chart consisting of several thousand pips it is reasonable to base a short trade on a daily chart where your profit expectancy is a few hundred pips. The probability if the downtrend continuing for a further 100 pips is greater than it reversing.

What's making price go down in your downtrend on the weekly chart?

The following user says Thank You to cunparis for this post:
 
  #12 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,030 received

bailed on the euro trade for +2. it was just too sideways for me, could go either way from here but will probably go down since I got out!

So -16 +16 and +2.

Attached Thumbnails
cunparis journal, thoughts, and more-02-euro-ladder-exit.png  
 
  #13 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,030 received


Waiting for a new setup so I'm analysis my trades.

Here's my analysis.

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


First one was an honest mistake, I identified a swing pivot that really wasn't. The market hadn't been open long and it was really just a minor high but not really a pivot.

Second trade was a perfect setup. Too bad I don't have my 2nd contract yet cause it would have been hit.

Third trade was the euro. I exited too early. It dropped down after that and would have hit my target.

Here's the stats:

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


You can see that my mistakes cost me $361. This is why I put a lot of effort into determining my mistakes and correcting them. That's a big chunk of change and would have made this morning session very profitable. Without my mistakes I would have made $386 but instead I got $25.

At this point in my trading my mistakes are what's holding me back. As you can see in this example, the first one was an honest mistake. The 2nd mistake was really me not following my rules. I don't have any rule allowing me to exit a trade prematurely. It's either target or stop.

So a lesson learned and at least I got my $25 while learning the lesson. Hopefully I'll get another setup before the morning is over.

 
  #14 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,030 received

awesome!

I stuck with it and got a winner on the euro.

Focusing on my mistakes while trading and publically humiliating myself really makes me pay attention and motivates me to do better. Now I'm very happy and that takes a lot of pressure off for the rest of the morning.

I haven't been annotating these charts but it's all the same deal, look for a lot of sellers at the low of the bar and then a reversal. They'll get stopped out if it continues and that'll be good for at least 10-15 ticks. Keep in mind you can't do this any time, you have to do this with a setup on the big picture. Things like cycles, double top, 1-2-3, divergences (LL on less volume), etc. If you have questions let me know.

Attached Thumbnails
cunparis journal, thoughts, and more-04-euro-ladder.png  
The following user says Thank You to cunparis for this post:
 
  #15 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,030 received

A note about target placement. try to keep them inside of S/R. Better to take a few ticks less and get higher win rate.

Attached Thumbnails
cunparis journal, thoughts, and more-04-euro-ladder-target-notes.png  
 
  #16 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,030 received

summary of this morning's trades:

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


and the stats:

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


Overall I am happy when I make my average amount for a session, which is $200 so I'm good. Profit factor 1.75 is good too. I like to be above 2 but that's ok. But my mistakes! I really need to work on that. I could have had an outstanding day and made $628. I know that it's not possible to be perfect and not have any mistakes, but 2 of my 3 mistakes were avoidable simply by following my rules. I must trust my setup and stick to the plan.

If I continue cutting winners short I'm going to post pictures of myself naked. If You have any other ideas for punishment please let me know.

 
  #17 (permalink)
Elite Member
South Africa & London
 
Futures Experience: None
Platform: Ninjatrader
Favorite Futures: Major currency pairs
 
WestBeach's Avatar
 
Posts: 23 since Sep 2009
Thanks: 77 given, 20 received


cunparis View Post
What's making price go down in your downtrend on the weekly chart?

Fundamentals, expectancy of fundamentals, BIS/CB actions - I'm not really concerned from a pure speculative trading perspective. I do base my trades though in the direction of the current flow and momentum of the market, with the understanding that my profit expectancy is within reasonable limits.

I guess the question arises so that we can somehow define those turning points? In the cycle thread those points where defined by a combination of HVC and sinewave, with Websouth's wave method it was defined by the wave flipping. Big mike looks at CMA for trend direction. TRO defined it somewhat by how price reacted at previous price levels.

I personally have stopped trying to catch exact tops and bottoms on higher timeframes. I just was wrong too often. If previous swings have been in the region of 100 pips, i don't need to catch the exact top to get a reasonable R:R on a smaller timeframe. I rather wait to see price reacting as I would expect it to at turning points. To help, I might consult various oscillators to see if they are oversold etc and then once the price flow of the market changes, I enter based on a similar method on a smaller timeframe in the higher timeframe direction - it's the same basic concept as the Cycle method really, and not fundamentally different from the wave or CMA method.

I really like what you are doing with order flow. I don't like to jump around with methods too often but it is my future goal to start learning to trade using market/volume profile combined with order flow and trade from unacceptable prices from an auction perspective to acceptable levels and use order flow to help with entries.

 
  #18 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,030 received


WestBeach View Post
Fundamentals, expectancy of fundamentals, BIS/CB actions - I'm not really concerned from a pure speculative trading perspective. I do base my trades though in the direction of the current flow and momentum of the market, with the understanding that my profit expectancy is within reasonable limits.

Let's be more specific. The things you cited do not directly cause price to move. What causes price to continue lower in your downtrend?


Quoting 
I guess the question arises so that we can somehow define those turning points?

Yes but we got to think outside of the box. So for the moment forget cycles, waves, and all that.


Quoting 
I really like what you are doing with order flow. I don't like to jump around with methods too often but it is my future goal to start learning to trade using market/volume profile combined with order flow and trade from unacceptable prices from an auction perspective to acceptable levels and use order flow to help with entries.

This was my goal too. So I really slowed down on my trading since January and I've been working towards this goal. My first step was to get a new trading method that would allow me to introduce market profile & order flow into my existing tools. I plan to slowly build upon it. First I have to, as Mike says, "prove the edge".

The following user says Thank You to cunparis for this post:
 
  #19 (permalink)
Elite Member
South Africa & London
 
Futures Experience: None
Platform: Ninjatrader
Favorite Futures: Major currency pairs
 
WestBeach's Avatar
 
Posts: 23 since Sep 2009
Thanks: 77 given, 20 received

Well, without diverging into the various market models, I'm assuming you are looking at basic demand and supply dynamics. The reasons I cited will either cause the demand or supply curve to shift, and prices react accordingly to equalize the quantity demanded/supplied. Of course, its market participants who equalize those prices. My downtrend will continue until until prices have dropped to the level that for every quantity supplied, there is an equal demand. Im still not concerned as to what caused the shift in demand/supply at a given price, only that prices are rejected at that level and and that I trade in the direction of price movement on a timeframe that gives me the risk/reward that i require.

I would think that with your order flow, you are looking to track demand and supply dynamics and use this to help with identifying your turning points as well as exits. I would be interested to see how this works on a much higher timeframe where the possibility of competitive behaviour is increased.



cunparis View Post
Let's be more specific. The things you cited do not directly cause price to move. What causes price to continue lower in your downtrend?



Yes but we got to think outside of the box. So for the moment forget cycles, waves, and all that.



This was my goal too. So I really slowed down on my trading since January and I've been working towards this goal. My first step was to get a new trading method that would allow me to introduce market profile & order flow into my existing tools. I plan to slowly build upon it. First I have to, as Mike says, "prove the edge".


The following user says Thank You to WestBeach for this post:
 
  #20 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,030 received



WestBeach View Post
My downtrend will continue until until prices have dropped to the level that for every quantity supplied, there is an equal demand.

Well put. Let's flip it to the long side and do an analogy:

You're at an art dealer at an art auction and you're bidding on a collection of really rare and expensive paintings. As people come in to buy price is going up. Paintings started at $1000 and some sold for $1500 and now they're selling for $2500. You call your partners and they tell you the paintings are only worth $1500. What do you do?


Quoting 
I would think that with your order flow, you are looking to track demand and supply dynamics and use this to help with identifying your turning points as well as exits. I would be interested to see how this works on a much higher timeframe where the possibility of competitive behaviour is increased.

Now we're back to timeframes and the questions I asked in an earlier post.

The following 2 users say Thank You to cunparis for this post:

Closed Thread



futures io > > > cunparis journal, thoughts, and more

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Thoughts on Ehlers indicators quasar NinjaTrader 16 April 8th, 2017 02:27 PM
Thoughts on Back To School Zondor Off-Topic 0 August 14th, 2011 03:01 PM
Random Thoughts.... AynRandFan Traders Hideout 7 July 24th, 2011 06:52 AM
First month trading; some thoughts Jameson Psychology and Money Management 5 June 22nd, 2011 12:42 AM
Some thoughts on trading baruchs Traders Hideout 8 August 5th, 2009 03:49 AM


All times are GMT -4. The time now is 05:48 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 2017-12-11 in 0.16 seconds with 20 queries on phoenix via your IP 54.82.79.109