Learning the ES - futures io
futures io futures trading



Learning the ES


Discussion in Trading Journals

Updated by jackbravo
      Top Posters
    1. looks_one jackbravo with 50 posts (57 thanks)
    2. looks_two sandptrader with 11 posts (16 thanks)
    3. looks_3 kickmic with 6 posts (8 thanks)
    4. looks_4 lovetotrade with 5 posts (9 thanks)
      Best Posters
    1. looks_one tigertrader with 13.0 thanks per post
    2. looks_two lovetotrade with 1.8 thanks per post
    3. looks_3 sandptrader with 1.5 thanks per post
    4. looks_4 jackbravo with 1.1 thanks per post
    1. trending_up 6,164 views
    2. thumb_up 115 thanks given
    3. group 8 followers
    1. forum 83 replies
    2. attach_file 21 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
 

Learning the ES

  #61 (permalink)
Valdosta, GA. U.S.A
 
Experience: Advanced
Platform: Sierra , TOS
Trading: 6E, ES, CL, GC
 
Posts: 498 since Sep 2010
Thanks: 1,879 given, 471 received

Your Right


Zxeses View Post
What is that indicator at the bottom, it looks like a colored stochastic or macd, but nice and smooth!

It is a Stochastic ...

Reply With Quote
The following 2 users say Thank You to sandptrader 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
72 thanks
June Charity Fundraiser - Feeding hungry families
48 thanks
Fixed vs trailing stops
31 thanks
FIO Journal Challenge - June 2020 edition w/SharkIndicators
30 thanks
AMP Futures / AMP Global Review
26 thanks
 
  #62 (permalink)
SF, CA/USA
 
Experience: Beginner
Platform: SC
Broker: Stage 5
Trading: ES, 6E, sometimes NQ, and occasionally CL
 
jackbravo's Avatar
 
Posts: 1,334 since Jun 2014
Thanks: 4,252 given, 2,379 received

10/27

Completely chopped up in this range day. Though I did follow more of my plan (not all!) and tried to go in at pullbacks, there was not enough continuation, and i'd get stopped out. ALso, A couple of times what looked like a pullback was just a consolidation in a reverse trend. If I had followed all my rules, I wouldv'e only taken one trade with stop in those islands, rather than 3 or 4 trades per island of consolidation.

The Renko chart is interesting. Given no range today, it hardly moved. Interesting, thanks @sandptrader!


Last edited by jackbravo; October 27th, 2014 at 04:58 PM.
Reply With Quote
The following 2 users say Thank You to jackbravo for this post:
 
  #63 (permalink)
Valdosta, GA. U.S.A
 
Experience: Advanced
Platform: Sierra , TOS
Trading: 6E, ES, CL, GC
 
Posts: 498 since Sep 2010
Thanks: 1,879 given, 471 received

Range bound mostly



jackbravo View Post
10/27

Completely chopped up in this no-range day. Though I did follow more of my plan (not all!) and tried to go in at pullbacks, there was not enough continuation, and i'd get stopped out. ALso, A couple of times what looked like a pullback was just a consolidation in a reverse trend. If I had followed all my rules, I wouldv'e only taken one trade with stop in those islands, rather than 3 or 4 trades per island of consolidation.

The Renko chart is interesting. Given no range today, it hardly moved. Interesting, thanks @sandptrader!

I had only one trade since last night, but it was in CL...held it overnight with stop & target in place...went to sleep after our posts.....i wake up around 6am and target hit for +29 ticks on 2 contracts....had to leave for town just after 10am, and arrive back about 2:50 pm ...just been reading since then.
The Renko chart you were watching...what size was the bar?....not much movement on ES compared to last days.

Reply With Quote
The following 2 users say Thank You to sandptrader for this post:
 
  #64 (permalink)
SF, CA/USA
 
Experience: Beginner
Platform: SC
Broker: Stage 5
Trading: ES, 6E, sometimes NQ, and occasionally CL
 
jackbravo's Avatar
 
Posts: 1,334 since Jun 2014
Thanks: 4,252 given, 2,379 received


sandptrader View Post
I had only one trade since last night, but it was in CL...held it overnight with stop & target in place...went to sleep after our posts.....i wake up around 6am and target hit for +29 ticks on 2 contracts....had to leave for town just after 10am, and arrive back about 2:50 pm ...just been reading since then.
The Renko chart you were watching...what size was the bar?....not much movement on ES compared to last days.

Renko 2 with the overlay


nice job with the CL trade. CL scares me.

Reply With Quote
The following user says Thank You to jackbravo for this post:
 
  #65 (permalink)
Valdosta, GA. U.S.A
 
Experience: Advanced
Platform: Sierra , TOS
Trading: 6E, ES, CL, GC
 
Posts: 498 since Sep 2010
Thanks: 1,879 given, 471 received

Chart


jackbravo View Post
Renko 2 with the overlay

Is there anyway you could post it ...i wanted to see what it looks like on TradeStation platform ?

Reply With Quote
The following user says Thank You to sandptrader for this post:
 
  #66 (permalink)
SF, CA/USA
 
Experience: Beginner
Platform: SC
Broker: Stage 5
Trading: ES, 6E, sometimes NQ, and occasionally CL
 
jackbravo's Avatar
 
Posts: 1,334 since Jun 2014
Thanks: 4,252 given, 2,379 received


sandptrader View Post
Is there anyway you could post it ...i wanted to see what it looks like on TradeStation platform ?

lol, just edited my post.

Reply With Quote
The following user says Thank You to jackbravo for this post:
 
  #67 (permalink)
Valdosta, GA. U.S.A
 
Experience: Advanced
Platform: Sierra , TOS
Trading: 6E, ES, CL, GC
 
Posts: 498 since Sep 2010
Thanks: 1,879 given, 471 received

Chart


jackbravo View Post
Renko 2 with the overlay


nice job with the CL trade. CL scares me.

I see what you mean with not much movement....it says size 2, but looks more like 7 or 8 on my platform...btw this as regular Renko bar, and not BetterRenko as i think it is more like yours.
I think between your 2, and what i see here on my platform, it is close to size 7 Renko bar.
I am not sure on TradeStation for Renko size....but size 2 on TradeStation is way bigger then on Ninjatrader....is that all the selection you have for Renko is size 2?

Wait...i think i am looking at your chart wrong...is the vertical green line 5 pm ?
i see now....sorry wait i will post a 2 size....i think after looking really close on your chart ...that green line is the open ?
I must be tired...only had 3 hours sleep......i see we are on diff time zones...i edit with size 8 Renko chart...looks closer, but not the same.

Attached Thumbnails
Click image for larger version

Name:	ES 12-14 (8 BetterRenko)  10_27_2014.jpg
Views:	13
Size:	94.9 KB
ID:	163653  

Last edited by sandptrader; October 27th, 2014 at 05:39 PM.
Reply With Quote
The following user says Thank You to sandptrader for this post:
 
  #68 (permalink)
SF, CA/USA
 
Experience: Beginner
Platform: SC
Broker: Stage 5
Trading: ES, 6E, sometimes NQ, and occasionally CL
 
jackbravo's Avatar
 
Posts: 1,334 since Jun 2014
Thanks: 4,252 given, 2,379 received


sandptrader View Post
I see what you mean with not much movement....it says size 2, but looks more like 7 or 8 on my platform...btw this as regular Renko bar, and not BetterRenko as i think it is more like yours.
I think between your 2, and what i see here on my platform, it is close to size 7 Renko bar.
I am not sure on TradeStation for Renko size....but size 2 on TradeStation is way bigger then on Ninjatrader....is that all the selection you have for Renko is size 2?

Wait...i think i am looking at your chart wrong...is the vertical green line 5 pm ?
i see now....sorry wait i will post a 2 size....i think after looking really close on your chart ...that green line is the open ?

Yea, the green is (near) the open at 830a. I'll mess around the settings to see if I can get it to match yours.



I think this is a close match, renko 1.7.

I missed that nice long downtrend from the top overnight, as it was still defined as an uptrend on my 5000tck chart, and I'm trying to stick with my rules and not take countertrend trades. sheesh. can't win.


Last edited by jackbravo; October 27th, 2014 at 05:31 PM.
Reply With Quote
The following 2 users say Thank You to jackbravo for this post:
 
  #69 (permalink)
Valdosta, GA. U.S.A
 
Experience: Advanced
Platform: Sierra , TOS
Trading: 6E, ES, CL, GC
 
Posts: 498 since Sep 2010
Thanks: 1,879 given, 471 received

Chart


jackbravo View Post
Yea, the green is (near) the open at 830a. I'll mess around the settings to see if I can get it to match yours.



I think this is a close match, renko 1.7.

I missed that nice long downtrend from the top overnight, as it was still defined as an uptrend on my 5000tck chart, and I'm trying to stick with my rules and not take countertrend trades. sheesh. can't win.

yea...it is going to look like that with larger size charts...... i see now how that TradeStation does with the Number size for Renko.
Your Stochastic looks Good as it Signaled the Top, and Bottom...i do not rely on just one thing like an Indicator, but that would have been good trades.
You are right to stick to what you have seen that works...like Trading with trend.

Reply With Quote
The following user says Thank You to sandptrader for this post:
 
  #70 (permalink)
Valdosta, GA. U.S.A
 
Experience: Advanced
Platform: Sierra , TOS
Trading: 6E, ES, CL, GC
 
Posts: 498 since Sep 2010
Thanks: 1,879 given, 471 received

Charts


Try size 1.5 to see if you get more movement, as in Tradeable movement...that might show you some more set ups that you may have Entered...in any case it should be smaller than what you posted.

Reply With Quote
The following user says Thank You to sandptrader for this post:



futures io Trading Community Trading Journals > Learning the ES




Upcoming Webinars and Events
 

Free BloodHound Licenses to 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