RB's Formation Trading Process for Futures - futures io
futures io futures trading



RB's Formation Trading Process for Futures


Discussion in Trading Journals

Updated by rlbtrader
      Top Posters
    1. looks_one rlbtrader with 43 posts (41 thanks)
    2. looks_two COTtrader with 3 posts (2 thanks)
    3. looks_3 Quick Summary with 1 posts (0 thanks)
    4. looks_4 lsubeano with 1 posts (1 thanks)
      Best Posters
    1. looks_one tigertrader with 3.0 thanks per post
    2. looks_two rlbtrader with 1.0 thanks per post
    3. looks_3 sledmt with 1.0 thanks per post
    4. looks_4 COTtrader with 0.7 thanks per post
    1. trending_up 4,618 views
    2. thumb_up 49 thanks given
    3. group 9 followers
    1. forum 50 replies
    2. attach_file 117 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
 

RB's Formation Trading Process for Futures

  #51 (permalink)
Newport Beach, CA
 
Experience: Advanced
Platform: TS
Broker: IB, TS
Trading: ES/YM
 
Posts: 43 since Jun 2010
Thanks: 4 given, 43 received

022315

Thurs Feb 19 thru Mon Feb 23: Up $1393 net.
I haven't included trade details such as interval, chart, or notes, but am planning to from tomorrow. I am trying to streamline how I capture my trade activity but that requires that I actually keep reasonable notes pre trade, after entry, and post trade. I am not keeping good notes so this implies that I am not properly planning trades in advance - too reactive. One theme I keep returning to is simplification, both in terms of process as well as number of markets followed. Over thinking the process and looking at too many markets results in reactive trading. I am slowly coming to terms with 2 basic ways to trade (at least for me): 1) stick to the higher time frame, take the high probability trade at the favorable structural location, don't worry so much about ideal entry, keep stop wide, or 2) fine tune entry at structurally favorable areas by identifying the "tell", the 1-2 lower time frame bars that indicate sentiment has shifted because they took out a key price level that should have held if the current market condition were to continue. The first can be managed by setting alerts ahead of the set up area. Unless counter trend momentum has meaningfully strengthened, simply enter limit order with bracketed stop loss and target, or use a simple trigger. The second requires dramatically more focus, often at the expense of missing opportunities in other markets. In theory the dramatically smaller risk should permit one to trade much bigger size such that only a few good trades are necessary to have a good day. My goal is to be able to do both but I struggle to balance the two.

I tried to include the trade data from my spreadsheet but the formatting doesn't stick. I attached a jpeg file that contains an image of the spreadsheet that should be easier to read.

Attached Thumbnails
Click image for larger version

Name:	022315.jpg
Views:	21
Size:	235.0 KB
ID:	175915  
Reply With Quote

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
 



futures io Trading Community Trading Journals > RB's Formation Trading Process for Futures




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