COMMON SENSE - Trading Journals | futures io social day trading
futures io futures trading


COMMON SENSE
Updated: Views / Replies:79,079 / 1,262
Created: by mfbreakout Attachments:812

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
 812  
 
Thread Tools Search this Thread
 

COMMON SENSE

  #111 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

Janos

This for Janos. One of my favourite Irish band.


The following user says Thank You to mfbreakout for this post:
 
  #112 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

hit it

This is for East Coast Trader. Always try to think about what kind of buying it will take to turn this ship around. Price stalling and moving up 2-4 points in between have no VALUE. Everytime TF, NQ etc. comes up for AIR it gets pushed down. Looking at so called order flow is one of the most determential things one can do on days like today.

Attached Thumbnails
COMMON SENSE-2014-07-31_1137_limit.png  

Last edited by mfbreakout; July 31st, 2014 at 01:04 PM.
The following 3 users say Thank You to mfbreakout for this post:
 
  #113 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

patience


How to develop patience? Trade Gold, NG , ZS etc. It's amazing how these instruements teach patience if taken a wrong set up, wrong context etc. In my experience these things are highly dependent on major macro shift to make moves.

If i did not trade TF today and focused on GC, CL - it would have been an unforgettable day. Well finally got paid in CL. Damn TOS got frozen. Time to call help desk or reboot. It has only happened couple of times in 4 years.

Attached Thumbnails
COMMON SENSE-2014-07-31_1154_shorts.png  

Last edited by mfbreakout; July 31st, 2014 at 01:28 PM.
 
  #114 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

counter trend trades

NG- took counter trend trades as NG never gave a decent long opportunity after 10.30 am nat gas news.

Attached Thumbnails
COMMON SENSE-2014-07-31_1432_ng_final.png  
 
  #115 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

Gc


mfbreakout View Post
How to develop patience? Trade Gold, NG , ZS etc. It's amazing how these instruements teach patience if taken a wrong set up, wrong context etc. In my experience these things are highly dependent on major macro shift to make moves.

If i did not trade TF today and focused on GC, CL - it would have been an unforgettable day. Well finally got paid in CL. Damn TOS got frozen. Time to call help desk or reboot. It has only happened couple of times in 4 years.


Well GC also paid some. Cover some 1183. Flat.

CL cover 98.17. Flat. CL seems to be setting up for another leg down/Flush down. So, no longs for me unless REAL buying shows up.

 
  #116 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

BAM

Do not get confused with allure of buyers present especially when we have daily, weekly A downs.

Attached Thumbnails
COMMON SENSE-2014-07-31_1448_bam.png  

Last edited by mfbreakout; July 31st, 2014 at 04:24 PM.
The following user says Thank You to mfbreakout for this post:
 
  #117 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

shorts and shorts

Nothing builds confidence more than trading with the trend even if the day turns out to be a looser. Similalry, nothing erodes confidence more than being on the wrong side of the trend even if some how one manges a scalp or two on a day when TF is down 28 points, ES down 40 points etc.

Luckliy someone made me understand this a while back. Out flat 1115.

Attached Thumbnails
COMMON SENSE-2014-07-31_1532_tf_journey.png  
The following 2 users say Thank You to mfbreakout for this post:
 
  #118 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

One Time Framing

We all look for days when One time framing is on full display. We want heads up. We want clues. However, when we
get EVIDENCE right in front of us, we muck it up. We keep using the tools which probably are of some help during 70%
of days, a.k.a - rotational days.

My recommendation will be to give up which works on rotational days and focus on what market internals are showing. Do not look at DOM, Do not attempt to look at so called order flow, do not look at smaller time frame and draw channels, triangles etc.

Just be aware of ATR and remeber on days like today ATR gets expanded/stretched double of normal range and then some.

Most importantly, do not even think about counter trend trades. Today, one had to decide on ONLY one thing. How much size to put on and then get out of the way.

Just think about it. Stocks A-Z all in red all day. VIX up 3.4% and on and on. If you are working at a prop. firm and at the end of the day, your report shows that you were taking counter trend trades. What possible explanation one can give for such an odd trading style?


Last edited by mfbreakout; July 31st, 2014 at 05:43 PM.
The following 6 users say Thank You to mfbreakout for this post:
 
  #119 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

cl

" CL seems to be setting up for another leg down/Flush down. So, no longs for me unless REAL buying shows up."

CL is at 97.60. Nobody home. No takers.

The following user says Thank You to mfbreakout for this post:
 
  #120 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

Trading


All over the internet, financial media etc people are presenting all kinds of scenarios. For example, E-mini will test 200 day MA, 1860 is the target, a 10% pullback is healthy for the bull market, bull market is intact, I am neutral, I am not shorting yet and on and on.

Someone just e-mailed me following " Apr 10 the spx dropped 41 handles, next day dropped another 15 and it felt like the end of the world. got it all back 4 days later..."

He is a swing trader and is not ready to short yet and was implying by e-mailing me above stats. that bull trend is still intact. My answer to him was i am neither bullish or bearish. Luckily as day traders we do not have to worry about what will market do on any particular day, week or month. I reminded him that YTD performance for Russell 2000 is -3.6%, S&P 500 is at 4.8%, DJIA 0.3%.


If market is ready to bounce back 40 points or go down another 40 points- it does not matter. We will be ready either way because footprints of the move will be right in front of us. We are discretionary traders and trade what's in front of us.We watch, get a sense of which way traders whose action really matter are leaning towards and then act.


Last edited by mfbreakout; August 1st, 2014 at 06:12 AM.
The following user says Thank You to mfbreakout for this post:

Closed Thread



futures io > > > COMMON SENSE

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
a trade on ICPT that totally makes no sense to me..... mdsvtr Options on Futures 3 May 6th, 2014 07:46 PM
Common sense trading decisions Eric j Psychology and Money Management 75 December 6th, 2012 10:12 PM
A Common-Sense View of the Stock Market kbit News and Current Events 0 August 9th, 2012 03:54 PM
Well, At Least One Thing Made Sense Today... Quick Summary News and Current Events 0 November 3rd, 2011 07:50 PM
Death of Common sense kbit Jokes 2 September 11th, 2011 01:25 PM


All times are GMT -4. The time now is 09:45 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 2017-12-12 in 0.13 seconds with 20 queries on phoenix via your IP 54.221.93.187