Beginning Trader -Currency Futures & ES - Trading Journals | futures io social day trading
futures io futures trading


Beginning Trader -Currency Futures & ES
Updated: Views / Replies:944 / 10
Created: by btnewhouse Attachments:6

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
 6  
 
Thread Tools Search this Thread
 

Beginning Trader -Currency Futures & ES

  #1 (permalink)
Trading Apprentice
whitewater, wi
 
Futures Experience: Beginner
Platform: Sierra Chart, mt4
Broker/Data: Infinity
Favorite Futures: forex
 
Posts: 13 since Jan 2015
Thanks: 0 given, 5 received

Beginning Trader -Currency Futures & ES

I'm starting this journal because like most beginners, I find I intently study with hard work and discipline and then get on the trading room floor, and flounder about aimlessly shooting off trades at half thought out plans. I say I'm going to write trades down and in the end I just go and start reading something else. I started with spot forex in September and am just moving to currency futures instead. I'm moving to futures mainly because of the hours, I really hate getting up at 1 a.m. CST. I'd like to be able to trade the ES and have a regular morning sometime in the future. Still setting up my account with InfinityAT and Sierra Chart. I'm in a unique situation in life that leaves me with complete freedom to learn and trade all day and all night if I wish, with $3000 of capital (way under capitalized). With all this time I've been studying mostly VSA, basic market manipulation knowledge, and beginning to learn market delta & footprinting. I've studied all the Tradeguider stuff, Pete Fader's material and daytradingforexlive.com

So far I've been a break even trader. If I stuck to anyone of these plans I've learned and only traded them I'm sure I'd be at least a bit profitable. My goal right now isn't profit I guess, just to learn. I like to learn and dig at the truth and I just can't stop. I don't think any one system has an advantage over another, they are all very personal and I don't think I suffer from that ailment I read of a lot, moving from one trading system to the other searching for a holy grail. I haven't put that many trades in, mostly a lot of study.

Brief Bio: I'm 33 and I live on a 30 acre organic farm. I work for my room and board and my good friend owns the place. My girlfriend and her boy live here with me. I've always been drawn to subjects that take obsessive qualities to master. I play guitar and mainly delivered pizza or gardened for my jobs. I was a Starcraft player in highschool (almost moved to S. Korea to play professionally (long story)) and moved on to limit hold'em online poker (I hate no limit btw). I lived off of that for a few years then joined a band and toured around the world a couple times. Got sick of the city and bands and moved back to were I grew up in the woods. Here I am now. Started reading a few currency trading books at the bookstore by accident and got interested in August of '14. Bought daytradingforexlive.com's course and studied that before I ever put $ into an account. Their stuff is simple and easy and makes money. Tradeguider and Pete Fader's stuff is also great in my opinion. I just find I want to know more and I want to see inside the candlesticks and bars, to really understand whats going on (to whatever extent that is possible) on my chart. I didn't know that was possible to actually see inside a bar until I found all the Market Delta stuff (glad to see Seirra Chart can do the same stuff as MarketDelta for next to nothing).

I don't have a lot of pressure to make $ and live off of it right this minute. I have next to no bills and the girlfriend is the most understanding and helpful person I know, and she has a great job, so no problems there. I've only got 3k to trade with but I won't be hurting if its all blown away. My first few weeks of trades will probably have to be on a sim account until I get my roll online, and even after that, probably just the GBP/USD, since that's half the size of the Euro contract. Neither are even safe for my roll but the Pound is closer to 2% risk with my day trading style.

I'd like to thank Big Mike for this site and all the knowledge on it. I've watched many hours of the webinar's you've posted since I found your site a few weeks ago. Hopefully this helps me by being more accountable and I hope its interesting for others to watch a novice try and grow. I'm barely a beginner so don't take my advice or analysis for a grain of salt. I expect my forthcoming posts to be rather terse compared with this one.

-Brandon

Reply With Quote
The following 2 users say Thank You to btnewhouse for this post:
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Trading Apprentice
whitewater, wi
 
Futures Experience: Beginner
Platform: Sierra Chart, mt4
Broker/Data: Infinity
Favorite Futures: forex
 
Posts: 13 since Jan 2015
Thanks: 0 given, 5 received


Haven't traded this week yet, just reading a lot, too much maybe.

Reply With Quote
The following user says Thank You to btnewhouse for this post:
 
  #4 (permalink)
Trading Apprentice
whitewater, wi
 
Futures Experience: Beginner
Platform: Sierra Chart, mt4
Broker/Data: Infinity
Favorite Futures: forex
 
Posts: 13 since Jan 2015
Thanks: 0 given, 5 received

Not posting here

I have had a journal @ a different site for months, I forgot all about his one. -H


Last edited by btnewhouse; June 10th, 2015 at 07:46 PM.
Reply With Quote
 
  #5 (permalink)
Capt. Johnny Jameson
Fort Lauderdale
 
Futures Experience: None
Platform: NinjaTrader 7
Broker/Data: CQG
Favorite Futures: ES
 
Devil Man's Avatar
 
Posts: 645 since Oct 2009
Thanks: 1,885 given, 900 received
Forum Reputation: Legendary

micro....


btnewhouse View Post
I have had a journal @ a different site for months, I forgot all about his one. -H

Have you been trading at all?....with $3k to trade with, have you considered opening a micro forex account? You can get a lot of bang for your buck while you are learning to trade your method.

Reply With Quote
 
  #6 (permalink)
Trading Apprentice
whitewater, wi
 
Futures Experience: Beginner
Platform: Sierra Chart, mt4
Broker/Data: Infinity
Favorite Futures: forex
 
Posts: 13 since Jan 2015
Thanks: 0 given, 5 received


Devil Man View Post
Have you been trading at all?....with $3k to trade with, have you considered opening a micro forex account? You can get a lot of bang for your buck while you are learning to trade your method.

Yep, I've been trading just about every day and backtesting otherwise. I have my own method I put together and am a million lightyears ahead of where I was when I started this journal. Hope to say the same thing 1/2 year from now as well.

Reply With Quote
 
  #7 (permalink)
Trading Apprentice
whitewater, wi
 
Futures Experience: Beginner
Platform: Sierra Chart, mt4
Broker/Data: Infinity
Favorite Futures: forex
 
Posts: 13 since Jan 2015
Thanks: 0 given, 5 received

First trade today was reversal before NY opened, then continuation trade @ low vol test. I didn't manage first trade as well.
5m
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


1m
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
 
  #8 (permalink)
Trading Apprentice
whitewater, wi
 
Futures Experience: Beginner
Platform: Sierra Chart, mt4
Broker/Data: Infinity
Favorite Futures: forex
 
Posts: 13 since Jan 2015
Thanks: 0 given, 5 received

5m chart of second trade, lvt@hidden gap & new demand.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
The following 2 users say Thank You to btnewhouse for this post:
 
  #9 (permalink)
Trading Apprentice
whitewater, wi
 
Futures Experience: Beginner
Platform: Sierra Chart, mt4
Broker/Data: Infinity
Favorite Futures: forex
 
Posts: 13 since Jan 2015
Thanks: 0 given, 5 received


Reply With Quote
 
  #10 (permalink)
Trading Apprentice
whitewater, wi
 
Futures Experience: Beginner
Platform: Sierra Chart, mt4
Broker/Data: Infinity
Favorite Futures: forex
 
Posts: 13 since Jan 2015
Thanks: 0 given, 5 received


I remember watching this happen and not doing anything. HU @ UHV zone
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote

Reply



futures io > > > Beginning Trader -Currency Futures & ES

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
Boomerang Currency Trader LesP Trading Reviews and Vendors 3 August 14th, 2013 02:08 PM
Fundaments for currency futures Eubie Currency Futures 5 February 5th, 2013 09:39 AM
Currency Futures patbateman Currency Futures 6 October 26th, 2012 01:59 PM
ES min data needed for NT backtesting from the very beginning ( 09 1997 ) till today kittyan Reviews of Brokers and Data Feeds 1 May 23rd, 2011 05:02 PM
Trading Currency Futures vs. Spot suchen Traders Hideout 3 December 9th, 2009 12:39 PM


All times are GMT -4. The time now is 01:04 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 2017-12-16 in 0.15 seconds with 20 queries on phoenix via your IP 54.91.38.173