eric J's indicator free Emini journal - Trading Journals | futures io social day trading
futures io futures trading


eric J's indicator free Emini journal
Updated: Views / Replies:8,046 / 55
Created: by Eric j Attachments:58

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
 58  
 
Thread Tools Search this Thread
 

eric J's indicator free Emini journal

  #1 (permalink)
Big game hunter
NY
 
Futures Experience: Advanced
Platform: Esignal, MBT navigator
Favorite Futures: Currencies
 
Posts: 2,526 since Jun 2009
Thanks: 1,397 given, 2,570 received

eric J's indicator free Emini journal

Big mikes comments about indicators inspired me to start a journal here for a few reasons . The biggest of which being that it seems many of you are like me , traders searching for a way to survive out there in the cruel trading world .

Lets face it , this is a business in which you make money by taking away what others are risking and then learn to keep it . That doesnt mean you cant work together with , learn from and help others though .

What I'll do is post my charts and ideas and share them with everyone here . What I hope to accomplish is to get a deeper understanding of myself and my abilities .

As you may know I dont use indicators . Just support and resistance levels such as important highs and lows determined from a longer timeframe chart and fibonacci retracement levels from such .

I've attached my longer timeframe chart for this week and a 2500 volume chart for the NQ . I establish S/R on a 300 min. chart , monitor these levels on a 2500 volume chart and enter on a 500 volume chart .

Questions , comments and insight always welcome .

Attached Thumbnails
eric J's indicator free Emini journal-nq-longer-timeframe-july-6-09.jpg   eric J's indicator free Emini journal-nq-7_7_2009-2500-volume-.jpg  
Reply With Quote
The following 5 users say Thank You to Eric j for this post:
 
  #2 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,353 given, 83,234 received

Thanks Eric, looking forward to it!

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #3 (permalink)
Big game hunter
NY
 
Futures Experience: Advanced
Platform: Esignal, MBT navigator
Favorite Futures: Currencies
 
Posts: 2,526 since Jun 2009
Thanks: 1,397 given, 2,570 received

7 6 09


I'm posting the one trade I made on monday .

I take continuation or reversal trades depending upon what the conditions dictate . My observation is that prices spend most of their time in consolidation , chop and congestion so being able to identify the present conditions is most of our battle .

This trade was just after the bell and I saw price in consolidation on the longer and shorter timeframe .

What I struggle with MOST is DO I WAIT FOR PRICE TO HIT MY TARGETS OR GRAB THE PROFIT AVAILABLE NOW ?

This trade hits my 1st objective ( 2 lot trade ) then double tops and stops out the 2nd contract 1 tick below support . I moved the 2nd contracts stop to that level after price continued in my favor .

I'm working on how to identify when to get out with a profit when a reversal is present and when to stay patient and let the trade unfold .

Question..

Get out + 4 pts or so at the double top or stay in and let the trade unfold ?

Attached Thumbnails
eric J's indicator free Emini journal-7-6-09-1-trade-today.jpg  
Reply With Quote
 
  #4 (permalink)
Elite Member
North Carolina
 
Futures Experience: Beginner
Platform: Ninja Trader
Broker/Data: Ninja Trader Broker / Continuum
Favorite Futures: ES
 
Posts: 57 since Jun 2009
Thanks: 4 given, 56 received

I found that there is nothing worse than letting a winner turn into a loser.

In your case the one contract that you took a 1 tick loss on, the trade was up 4 points, so you should lock in the gain (even if its b/e + 1 tick) - no loss no commish.

Now I dont know your trading style, but for me, the 1st doji after your entry (about 9:43) is where a would take profit. At least on 1/2 and move stop up to b/e + 1 tick on other 1/2.

Set your targets to a reasonable level. Move your stops up to prevent losses. Once you have done that then hold on for the top target.

Reply With Quote
 
  #5 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,353 given, 83,234 received


Eric j View Post
What I struggle with MOST is DO I WAIT FOR PRICE TO HIT MY TARGETS OR GRAB THE PROFIT AVAILABLE NOW ?

You should know the answer to this prior to entering the trade. It should be in your rules, in your money management. If it is unclear, then you should work on those.

I struggle with the same thing even after alot of time and energy in this area. One point of advice, you can't lose money if every trade is a winner. So, don't beat yourself up too much if you take a few ticks less than your target. But, you've GOT to maintain a 1:1 risk reward ratio or that will not work, you can't cut the winners short and have huge losers.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #6 (permalink)
Big game hunter
NY
 
Futures Experience: Advanced
Platform: Esignal, MBT navigator
Favorite Futures: Currencies
 
Posts: 2,526 since Jun 2009
Thanks: 1,397 given, 2,570 received

Thanks Mike and Laserdan , dojis are a clear sign of stalling momentum . Oftentimes I've entered and took profits when it looked like the moves shot only to watch it keep going .

I'll post todays trades and that occured once today . I like the doji warning sign or maybe pull one contract off if a bar closes below the prior bars low ( CLPL ) in a long ?

Reply With Quote
 
  #7 (permalink)
Big game hunter
NY
 
Futures Experience: Advanced
Platform: Esignal, MBT navigator
Favorite Futures: Currencies
 
Posts: 2,526 since Jun 2009
Thanks: 1,397 given, 2,570 received

Heres the 2 trades I took today . The losers are smaller than the winners and outnumber them 2 to 1 .

I exited the 1st trade after capturing the 1st target , and taking the 2nd contract off after a reversal signal triggered .

The 2nd trade stopped out with a small loss .

Attached Thumbnails
eric J's indicator free Emini journal-7-7-09-trade-2.jpg   eric J's indicator free Emini journal-7-7-09.jpg  
Reply With Quote
 
  #8 (permalink)
Big game hunter
NY
 
Futures Experience: Advanced
Platform: Esignal, MBT navigator
Favorite Futures: Currencies
 
Posts: 2,526 since Jun 2009
Thanks: 1,397 given, 2,570 received

longer timeframes

This is todays longer timeframe charts for the NQ , one showing more data and the other a closer look at the same timeframe .

The way I use these is to identify important levels I should be aware of .
I dont have any bias as to which way I trade so this leaves me free to watch what is happening right now and then do what makes sense .

I am a believer in the philosophy described in the book " Trading in the zone " by Mark Douglas . I especially believe in the 5 fundamental truths with " anything can happen " really hitting home . How many times I've passed on a signal when I was sure it cant work then it goes on to produce big time I cant even count .

Attached Thumbnails
eric J's indicator free Emini journal-7-8-09-longer-timeframe-nq.jpg   eric J's indicator free Emini journal-7-8-09-longer-timeframe-closer-view.jpg  
Reply With Quote
 
  #9 (permalink)
Big game hunter
NY
 
Futures Experience: Advanced
Platform: Esignal, MBT navigator
Favorite Futures: Currencies
 
Posts: 2,526 since Jun 2009
Thanks: 1,397 given, 2,570 received

These are the trades I took today . I stopped after 4 trades - 2 winners 2 losers . The winners are about twice the size of the losers . The 1st trade should read - 4 pts .

Attached Thumbnails
eric J's indicator free Emini journal-7-8-09-trade-1.jpg   eric J's indicator free Emini journal-7-8-09-trade-2.jpg   eric J's indicator free Emini journal-7-8-09-trade-3.jpg   eric J's indicator free Emini journal-7-8-09-trade-4.jpg  
Reply With Quote
 
  #10 (permalink)
Big game hunter
NY
 
Futures Experience: Advanced
Platform: Esignal, MBT navigator
Favorite Futures: Currencies
 
Posts: 2,526 since Jun 2009
Thanks: 1,397 given, 2,570 received


This is the NQ longer timeframe charts I'm looking at today . Looks bullish to me but closing above 1415 seems difficult .

Both are 2500 volume , one with more data squeezed in it than the other .

I've decided to not enter any trades between 915 and 1000 EST from now on or until I see evidence that they can be high probability setups .

Attached Thumbnails
eric J's indicator free Emini journal-7-9-09-longer-timeframe.jpg   eric J's indicator free Emini journal-7-9-09-longer-timeframe-closer-view.jpg  
Reply With Quote

Reply



futures io > > > eric J's indicator free Emini 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
Ericj's indicator free journal Eric j Elite Trading Journals 932 December 9th, 2011 01:58 PM
My Emini trading Journal allysius2005 Trading Journals 8 April 8th, 2011 10:38 PM
Free Daily (EOD) continuous eMini ES data? sharp2be Reviews of Brokers and Data Feeds 2 May 2nd, 2010 11:43 PM
Sharp2be, eMini trading journal sharp2be Trading Journals 42 December 12th, 2009 01:47 PM
Free Indicator To All If Someone Converts marketprofiletrader NinjaTrader Programming 2 November 3rd, 2009 11:47 AM


All times are GMT -4. The time now is 07:51 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 2017-12-15 in 0.12 seconds with 20 queries on phoenix via your IP 54.163.61.66