iqGod's Own Country - futures io
futures io futures trading



iqGod's Own Country


Discussion in Trading Journals

Updated by iqgod
      Top Posters
    1. looks_one iqgod with 257 posts (796 thanks)
    2. looks_two bobwest with 24 posts (52 thanks)
    3. looks_3 Scalpingtrader with 11 posts (28 thanks)
    4. looks_4 PandaWarrior with 9 posts (27 thanks)
      Best Posters
    1. looks_one iqgod with 3.1 thanks per post
    2. looks_two PandaWarrior with 3.0 thanks per post
    3. looks_3 Scalpingtrader with 2.5 thanks per post
    4. looks_4 bobwest with 2.2 thanks per post
    1. trending_up 33,845 views
    2. thumb_up 1,118 thanks given
    3. group 35 followers
    1. forum 385 replies
    2. attach_file 174 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)

 
Thread Tools Search this Thread
 

iqGod's Own Country

  #241 (permalink)
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,684 since Feb 2012
Thanks: 3,466 given, 2,831 received

Range Break that was missed so a First Break entry

I was too scared to enter into the Range Break long above the box, even though that pinbar was screaming get long. However the first pullback allowed me to get in and simply hold the trade for a relatively giant number of pips since there was only vacuum above those prices.




This trade illustrates that you do not need to chase price if you miss a trade but simply continue being patient.

Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to iqgod for this post:

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
Spoo-nalysis ES e-mini futures S&P 500
129 thanks
What is your single biggest weakness?
93 thanks
Is Volume Profile worth learning or is it an outdated concept?
58 thanks
Is Amp at risk of going under?
52 thanks
Is Orderflow An Outdated Concept?
30 thanks
 
  #242 (permalink)
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,684 since Feb 2012
Thanks: 3,466 given, 2,831 received

Range Break: Trend = Trend

This range was easy to trade if you keep in mind the trend equal trend phenomenon.

Price was in a markedly bearish trend and once you had your box it was highl probable that the bear would resume once price dipped below that range:




Note that I exited to early leaving half the profits on the table.


On the other hand if there is impatience it may cause lot of stress and worry as price whipsaws around and you are in early, as in this trade! Also that is the reason for my hurried early exit instead of allowing it to reach target.



These two trades also illustrate the two issues where I keep vigil: impatience-based early entries and fear-based early entries. Both are fear's different forms (even greed is a form of fear). Courage and patience are more important than setups.

Visit my futures io Trade Journal Reply With Quote
 
  #243 (permalink)
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,684 since Feb 2012
Thanks: 3,466 given, 2,831 received

Risk aversion


Here are some trades that I missed because even though the market was screaming 'short' I was thinking about 'countertrend - no!' and hence missed a giant opportunity. The stop would have been small and easily placeable too!




I, however, do not regret it post-facto. To everything just say 'yes' - peace of mind is also your trading capital.

Visit my futures io Trade Journal Reply With Quote
 
  #244 (permalink)
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,684 since Feb 2012
Thanks: 3,466 given, 2,831 received

Range Break: Early entry

An early entry is sometimes acceptable, as in here but still it wasn't in tune with my method:





It is not the early entry here that is the problem, it is deviation from strategy that is the problem. Do it once and you will be doing it all over the place and end up hating yourself everytime it backfires.

Visit my futures io Trade Journal Reply With Quote
 
  #245 (permalink)
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,684 since Feb 2012
Thanks: 3,466 given, 2,831 received

Range Break, early entries based on intuition

These early entries are kind of hard to explain, but never hesitated taking them.



I keep reminding myself that the underlying emotions of the trader cause these - sometimes it is wanting to be whole again after a losing trade and sometimes it is wanting to be right on direction:


Visit my futures io Trade Journal Reply With Quote
 
  #246 (permalink)
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,684 since Feb 2012
Thanks: 3,466 given, 2,831 received

Missed trades and second entries

In this trade I hesitated on the first Second Break but a second Second Break came along very soon and nothing of significance was lost:


Visit my futures io Trade Journal Reply With Quote
 
  #247 (permalink)
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,684 since Feb 2012
Thanks: 3,466 given, 2,831 received

Pinbar sell, and swing trades

There are always trades I should swing instead of scalping, so I do them in different accounts to keep my head clear.

However I tend to cover the swing trades when I cover the scalps negating such probable highly profitable trades.

If you see the previous post, it is the same day and had I held on to this first short below instead of rushing to cover it I would have done better:



Also 'you never know what will happen, so cover!' takes over and has to be fought everyday.

Visit my futures io Trade Journal Reply With Quote
 
  #248 (permalink)
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,684 since Feb 2012
Thanks: 3,466 given, 2,831 received

Tease Breaks

If there is one thing that needs to be kept in the forefront of consciousness it is this: since this is a game of trapping and trampling, it is wise to avoid these obvious tease breaks to which we can succumb due to fear of missing out as happened here:




The net outcome may be positive, but mental capital truly gets exhausted in such cases.

Visit my futures io Trade Journal Reply With Quote
 
  #249 (permalink)
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,684 since Feb 2012
Thanks: 3,466 given, 2,831 received

Keepign emotions at bay

Here we have an excellent range formation, but the silliness of my exit is obvious - I essentially succumbed because I entered early and then those mental reserves got depleted.


Visit my futures io Trade Journal Reply With Quote
 
  #250 (permalink)
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,684 since Feb 2012
Thanks: 3,466 given, 2,831 received

Method


Since someone asked, and since it is my belief that even if this journal helps one person it would truly serve its purpose I have freely shared the method (its not my method, but remember that every method has to be made 'my' by the trader)


So here is a summary guide to understanding method, while remembering that after the essentials are grasped the inner battle still is there to be conquered:



Pinbars:





Block Breaks:



First Break:



Second Break:



Range Break:










Tease Breaks, Traps:






The Inside Range Breaks and Advanced Range Breaks I will reserve for the future because they are more demanding by their very nature.

Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to iqgod for this post:



futures io Trading Community Trading Journals > iqGod's Own Country




Upcoming Webinars and Events
 

Understanding Order Flow Stop Runs & Icebergs w/Bookmap

May 28
 

Free BloodHound Licenses to everyone!

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