COMMON SENSE - futures io
futures io futures trading



COMMON SENSE


Discussion in Trading Journals

Updated November 27th 2014 by mfbreakout
      Top Posters
    1. looks_one mfbreakout with 980 posts (2,731 thanks)
    2. looks_two sandptrader with 64 posts (128 thanks)
    3. looks_3 alejo with 36 posts (38 thanks)
    4. looks_4 madLyfe with 24 posts (25 thanks)
      Best Posters
    1. looks_one Surly with 3.4 thanks per post
    2. looks_two mfbreakout with 2.8 thanks per post
    3. looks_3 jthom with 2.6 thanks per post
    4. looks_4 sandptrader with 2.0 thanks per post
    1. trending_up 103,042 views
    2. thumb_up 3,302 thanks given
    3. group 63 followers
    1. forum 1,262 replies
    2. attach_file 811 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)

Closed Thread
 
Search this Thread
 

COMMON SENSE

(login for full post details)
  #561 (permalink)
Des Moines, Iowa
 
Experience: None
Platform: Ninja, TOS
Broker: AMP/CQG, TOS
Trading: CL, TF, GC
 
madLyfe's Avatar
 
Posts: 1,644 since Feb 2011
Thanks: 9,220 given, 1,014 received

ive been asking questions. some of them in PM with sharing charts and getting opinions. ive really opened up my trading with some of these concepts combined with past knowledge. i dont/cant hold overnight so i have to be pretty accurate on my direction during the day. almost as important as my tgt areas for expected moves.

dont believe anything you hear and only half of what you see

\_(ツ)_/

(╯□)╯︵ ┻━┻
Visit my futures io Trade Journal
The following 2 users say Thank You to madLyfe 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
 
 
(login for full post details)
  #562 (permalink)
BOSTON, MA
 
Experience: Advanced
Platform: Tradestation, TOS
Trading: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,273 received

Trading


Bsinks View Post
It was a pretty good week of trading........didn't make much......but more importantly I didn't loose any.

I hope you do not go through my journey which bascially involved so much lossess and pain that i finally said F___ everyone and everything and trade differently from everything i had in my mind.
I finally realized that totally opposite results ONLY comes from totally different thinking/approach. I could have just crusised along, two steps forward and one step back ward, 20 ticks here, 30 ticks there, up and down. But that approached finally reached it's limits.

This is very common for home gamers. No one to report. That's why at professional firms you either prove or out in 6 months. But lot of us like myself had no chance in hell that any firm will hire. Lot of us are OLD NEWS- not just by age but other ways also. Everyday in " Introduce Yourself" section , one can see traders trading for 2 years, 5 years etc and still looking for answers. The entire quest seems to be " Low risk defined entry for quick results".

Luckily you are way ahead where i was at your trading career stage.

My change came when i noted " It was a pretty good week of trading. Didn't make much. But more importantly i lost so much money that i got into my senses".



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Visit my futures io Trade Journal
The following 7 users say Thank You to mfbreakout for this post:
 
(login for full post details)
  #563 (permalink)
Wichita Falls TX/United States
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Soybeans, Crude, Natural Gas
 
Bsinks's Avatar
 
Posts: 82 since Dec 2013
Thanks: 37 given, 65 received



mfbreakout View Post

My change came when i noted " It was a pretty good week of trading. Didn't make much. But more importantly i lost so much money that i got into my senses".

LOL......Good one

The following 2 users say Thank You to Bsinks for this post:
 
(login for full post details)
  #564 (permalink)
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received


mfbreakout View Post
Some traders did not take shorts yesterday because price had already gotten away from their IDEAL LOCATION. I do not know what that means for a day like yesterday when there was selling across the board. Was ideal entry for TF was 1118, 1120 etc. For me it did not matter as long it is not close to daily ATR of TF. I just wanted to be short- 1118, 1112, 1110 and so on.

Today ( which is typical after a massive move ) when TF is stuck within 3 or so points, for some reason traders feel comfortable with calling levels and scalping for ticks. Someone emailed me long 1108.50 out 1110, stop loss 1107 with all kinds of reasons for the trade. He is a friend so i could not tell him that i do not trade " ROUNDING ERRORS".

I am long , took some off, added to long on pullback around 1106 and staying long. My trades may turn out to be 3-4 points scalps also but i am not going long and then short etc.


something like this is what you say?:




thanks for all your advices!
i was trying to find out :scalp/severlas points and you give a clear direction

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal
The following user says Thank You to alejo for this post:
 
(login for full post details)
  #565 (permalink)
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

ts opening range cloud


mfbreakout View Post
Light up.

hi, that indi mark the orl, orh? are they from tradestation?
i try to find out what are they, one day look one thing an another day look other thing?
what are they ?

thanks for your help

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal
The following user says Thank You to alejo for this post:
 
(login for full post details)
  #566 (permalink)
BOSTON, MA
 
Experience: Advanced
Platform: Tradestation, TOS
Trading: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,273 received

Trading


alejo View Post
hi, that indi mark the orl, orh? are they from tradestation?
i try to find out what are they, one day look one thing an another day look other thing?
what are they ?

thanks for your help

On my charts from Think Or Swim 2 cyan lines show 45 minutes OR for CL. I use 8.30 am to 9.15 am eastern time OR. Fat Tails have these available for free for Ninja Trader.

For TOS, one can purchase from ThinkScripter | thinkScript Indicators for thinkorswim



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Visit my futures io Trade Journal
The following user says Thank You to mfbreakout for this post:
 
(login for full post details)
  #567 (permalink)
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

or 45


mfbreakout View Post
On my charts from Think Or Swim 2 cyan lines show 45 minutes OR for CL. I use 8.30 am to 9.15 am eastern time OR. Fat Tails have these available for free for Ninja Trader.

For TOS, one can purchase from ThinkScripter | thinkScript Indicators for thinkorswim

thanks, i am using the or in nT, and i am watching them and testing different things to see if it make sense to me, for example, 2,15,60, but i did not realized that yours was45min.
when you say for cl, does mean that each product use different OR?, in that case what do you use for nq?and tf?

the zero lag is from harry?
thanks

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal
The following user says Thank You to alejo for this post:
 
(login for full post details)
  #568 (permalink)
BOSTON, MA
 
Experience: Advanced
Platform: Tradestation, TOS
Trading: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,273 received

Trading


alejo View Post
thanks, i am using the or in nT, and i am watching them and testing different things to see if it make sense to me, for example, 2,15,60, but i did not realized that yours was45min.
when you say for cl, does mean that each product use different OR?, in that case what do you use for nq?and tf?

the zero lag is from harry?
thanks



For TF, NQ, ES, i use 20 minutes OR, starting at 9.30 am NY open. Harry does not have anything for ThinkorSwim. He only writes for Ninja. I am sure he has one for ninja. It's a pretty simple code.

Key point about OR is that narrow time frame OR like 5 minutes can have lot of noise. Traders with quick hands use narrow OR. I use 20 minutes OR for things to settle down. It's a trade off. A trader using wide OR can miss lot of moves and has to wait patiently for a pullback. Once you get settled upon an OR- do not mix different OR.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Visit my futures io Trade Journal
The following 3 users say Thank You to mfbreakout for this post:
 
(login for full post details)
  #569 (permalink)
BOSTON, MA
 
Experience: Advanced
Platform: Tradestation, TOS
Trading: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,273 received

Trading

Why i keep shorting PL, PA etc. No longs. Any bounces have been shortable for weeks and months.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Attached Thumbnails
Click image for larger version

Name:	2014-09-27_0909_PL.png
Views:	45
Size:	106.2 KB
ID:	158659   Click image for larger version

Name:	2014-09-27_1352_pl.png
Views:	40
Size:	135.5 KB
ID:	158660  
Visit my futures io Trade Journal
The following 3 users say Thank You to mfbreakout for this post:
 
(login for full post details)
  #570 (permalink)
BOSTON, MA
 
Experience: Advanced
Platform: Tradestation, TOS
Trading: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,273 received

Trading


Shorts positions across the board.

1) CL around 93.40 area.

2) NG 4.05 area

3) GC around 1222 area.

4) TF around 1106 area. Plan to add to shorts if weamness continues during NY open. Have to wait for OR and internals to give clues for trade location.


They all have one thing in common except NG. They are in a bearish trend on any time frame.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Visit my futures io Trade Journal

Closed Thread

futures io Trading Community Trading Journals > COMMON SENSE


November 27, 2014


Upcoming Webinars and Events
 

Free BloodHound Licenses for everyone!

June
 

Every journal equals ten meals for the hungry

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