salisem's Major Trend Reversal journal - Trading Journals | futures io social day trading
futures io futures trading


salisem's Major Trend Reversal journal
Updated: Views / Replies:1,303 / 14
Created: by salisem Attachments:0

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
 
Thread Tools Search this Thread
 

salisem's Major Trend Reversal journal

  #11 (permalink)
Elite Member
Virginia, USA
 
Futures Experience: Beginner
Platform: NT, TOS
Broker/Data: Mirus/Zen-Fire
Favorite Futures: ES, TF
 
Posts: 76 since Mar 2012
Thanks: 64 given, 63 received

AMZN trade today. It did not adequately fit my rules:

1. Market trending? Check.
2. Strong break of the trendline? Check.
3. Weak retest of the trend extreme? I thought so at the time. In hindsight the bears were still overwhelming the bulls.
4. Strong signal bar? No. It has the looks of a strong signal bar (marked with the green arrow), but the context is more important. Here, instead of being a rejection of lower prices, it was just an overlapping bar in a range.
5. Trade triggered? Check, but there wasn't enough reasons to take it. I got out on the following bar with a small loss.

It just dawned on me that I don't have those rules printed or written anywhere... I have them in my head and saved in a Word document. Little good that does me. Failing to plan is planning to fail, or something like that...

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

Reply With Quote
 
  #12 (permalink)
Elite Member
Virginia, USA
 
Futures Experience: Beginner
Platform: NT, TOS
Broker/Data: Mirus/Zen-Fire
Favorite Futures: ES, TF
 
Posts: 76 since Mar 2012
Thanks: 64 given, 63 received

Here's what I saw today in GLD.

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

Reply With Quote
The following user says Thank You to salisem for this post:
 
  #13 (permalink)
Elite Member
Virginia, USA
 
Futures Experience: Beginner
Platform: NT, TOS
Broker/Data: Mirus/Zen-Fire
Favorite Futures: ES, TF
 
Posts: 76 since Mar 2012
Thanks: 64 given, 63 received


This is what happened later on in GLD. I don't think my initial analysis was wrong, but maybe it was? If I draw a different trendline it makes more sense, and it's easier to see the bulls getting stronger. There's also a failed L2 before it rocketed up, so I think that might have been a big contributing factor.

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


I'm leaving tomorrow for a short trip, so I won't be trading Thursday or Friday. But I do plan to study each day while I'm gone. Hope you all have a strong finish to your week.

Reply With Quote
 
  #14 (permalink)
Elite Member
Virginia, USA
 
Futures Experience: Beginner
Platform: NT, TOS
Broker/Data: Mirus/Zen-Fire
Favorite Futures: ES, TF
 
Posts: 76 since Mar 2012
Thanks: 64 given, 63 received

I got back from my trip late Sunday night, and didn't have time to post yesterday.

I did my homework over the weekend as planned. Learned a few things, but I'm still left with a few questions. I've decided I'm best off moving my journal to the forum on Al Brooks' site, in hopes of getting more feedback on how well I'm reading the price action. Nothing against futures.io (formerly BMT) because it is a great resource, but I think a smaller community focused on one style of trading will be better for me. If that doesn't work out, I'll be back. Cheers!

Reply With Quote
 
  #15 (permalink)
Hyde Park,
Chicago, Illinois
 
Futures Experience: Intermediate
Platform: Tradingview.com
Broker/Data: Optionhouse
Favorite Futures: Options
 
Bermudan Option's Avatar
 
Posts: 468 since May 2011
Thanks: 395 given, 252 received

good luck

Reply With Quote

Reply



futures io > > > salisem's Major Trend Reversal journal

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
Reversal Button gretzkyless NinjaTrader 2 March 14th, 2013 03:17 PM
Why Oil's Rebound May Not Signal Major Trend Reversal Quick Summary News and Current Events 0 July 1st, 2012 09:50 PM
Ray's anti counter trend trading journal Rayzor Trading Journals 24 September 12th, 2011 03:58 AM
Why does this Reversal indicator do this? skyfly NinjaTrader Programming 5 March 27th, 2011 09:30 AM
Continuation or reversal - which is better ? Eric j Psychology and Money Management 12 August 6th, 2010 11:13 PM


All times are GMT -4. The time now is 11:25 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 2017-12-17 in 0.12 seconds with 19 queries on phoenix via your IP 54.221.73.186