ES intraday 'swing' trader (Page 2) - Trading Journals | futures.io
futures.io futures trading
 

Go Back   futures.io

> Futures Trading, News, Charts and Platforms > Trading Journals


ES intraday 'swing' trader
Started:November 18th, 2016 (08:41 AM) by DaxyMcDaxFace Views / Replies:5,682 / 329
Last Reply:19 Minutes Ago (06:25 AM) Attachments:79

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • 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, and we will never resell your private information.

-- Big Mike
     

Reply
 79  
 
Thread Tools Search this Thread

ES intraday 'swing' trader

Old November 21st, 2016, 07:21 AM   #11 (permalink)
Elite Member
London
 
Futures Experience: Intermediate
Platform: Sierra Charts
Broker/Data: CQG
Favorite Futures: ES, CL
 
Posts: 462 since May 2016
Thanks: 989 given, 407 received

Gm all

I have other work commitments today so will not be looking at screen so much but will post some levels of interest later.

I have long bias in ES and CL. HTF CL looks like could push into $50 area, so will look for positional trade setup.

Have a good day.


Sent using the futures.io mobile app

Reply With Quote
     
The following 2 users say Thank You to DaxyMcDaxFace for this post:
     

Old November 21st, 2016, 11:04 AM   #12 (permalink)
Elite Member
London
 
Futures Experience: Intermediate
Platform: Sierra Charts
Broker/Data: CQG
Favorite Futures: ES, CL
 
Posts: 462 since May 2016
Thanks: 989 given, 407 received

Short CL @ .62

Target is 47.05

Then look for longs - trend continuation, depending on PA.

Will post chart later.

Reply With Quote
     
The following 2 users say Thank You to DaxyMcDaxFace for this post:
     

Old November 21st, 2016, 11:37 AM   #13 (permalink)
Elite Member
London
 
Futures Experience: Intermediate
Platform: Sierra Charts
Broker/Data: CQG
Favorite Futures: ES, CL
 
Posts: 462 since May 2016
Thanks: 989 given, 407 received



DaxyMcDaxFace View Post
Target is 47.05

Then look for longs - trend continuation, depending on PA.

Will post chart later.

my stop is .92 so rr ~1:2.

Not looking good.

Edit: stopped @.92 -30t


Last edited by DaxyMcDaxFace; November 21st, 2016 at 11:45 AM.
Reply With Quote
     
The following user says Thank You to DaxyMcDaxFace for this post:
     

Old November 22nd, 2016, 09:04 AM   #14 (permalink)
Elite Member
London
 
Futures Experience: Intermediate
Platform: Sierra Charts
Broker/Data: CQG
Favorite Futures: ES, CL
 
Posts: 462 since May 2016
Thanks: 989 given, 407 received

good day

Hi

This is my daily sheet. I will try to get this behaviour/actions as intuitive through rinse/repeat process as quickly as possible, so hopefully wont need it after a while.

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


As mentioned in opening post, the bottom section was bastardised from @wldman version, link on post #1. Its still WIP, as it seems is everything else!

Have a good day.

Reply With Quote
     
The following 4 users say Thank You to DaxyMcDaxFace for this post:
     

Old November 22nd, 2016, 09:28 AM   #15 (permalink)
Elite Member
London
 
Futures Experience: Intermediate
Platform: Sierra Charts
Broker/Data: CQG
Favorite Futures: ES, CL
 
Posts: 462 since May 2016
Thanks: 989 given, 407 received

ES

Futures Edge on FIO
Heres a cpl of ES charts in prep for today. Bias is long so will be looking for pullbacks into support/confluence levels.

P&F ('ATH' - i am using this abbrev as all trading hours apols if confuse with All time high).
-some key areas of support marked

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


Price just bounced off that 2196 level. Confluence at 2192 with weekly vwap.

And 30min chart:

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


Confluence at 2184-87 levels.

Good luck.

Reply With Quote
     

Old November 22nd, 2016, 09:39 AM   #16 (permalink)
Market Wizard
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,055 since Aug 2011
Thanks: 966 given, 2,566 received
Forum Reputation: Legendary

I commend you ..

for a step in the right direction. May I comment in a way that shares my perspective on this? Dan


DaxyMcDaxFace View Post
Hi

This is my daily sheet. I will try to get this behaviour/actions as intuitive through rinse/repeat process as quickly as possible, so hopefully wont need it after a while.

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


As mentioned in opening post, the bottom section was bastardised from @wldman version, link on post #1. Its still WIP, as it seems is everything else!

Have a good day.


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

Old November 22nd, 2016, 09:54 AM   #17 (permalink)
Elite Member
London
 
Futures Experience: Intermediate
Platform: Sierra Charts
Broker/Data: CQG
Favorite Futures: ES, CL
 
Posts: 462 since May 2016
Thanks: 989 given, 407 received


wldman View Post
for a step in the right direction. May I comment in a way that shares my perspective on this? Dan

please do comment Dan, I need as much help as possible!

Reply With Quote
     

Old November 22nd, 2016, 10:39 AM   #18 (permalink)
Market Wizard
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,055 since Aug 2011
Thanks: 966 given, 2,566 received
Forum Reputation: Legendary

Okay...

better to ask than to lay stuff out and piss someone off for no benefit.

Just from the metric it is hard to tell what specific rules or trade set up "scoring" you have in place. There should be specific criteria. It could be a confluence of non-colinear technical indicators with a specific trade trigger. When looking for short term directional moves based on technical analysis the more defined the better...mostly because it allows for a better review after the trade is closed. This lets you adjust based on data, not "feelings". So it seems like you have made a checklist of elements that you need to see?

On the part taken from my example you changed kill losers when they are small to kill losers when they are wrong. Do NOT give yourself that kind of latitude to judge losers, they are losers, you must kill them when they are little. Quantify a specific amount. I have seen guys in the beginning of their attempt to screen trade short term price moves kill trades at as few as two or three ticks. That might be too tight especially for ES, but I would encourage you to kill the loser little. "wrong" is subjective, frankly at this stage for you subjectivity is probably an enemy.

Look, I get it that markets are different on different days. Volatility and volume and news etc.. Perhaps then make a loss protection rule based on some factor of the last (x) period average true range. This method was, I believe, one of the original "Turtle" rules and it takes conditions into effect...but it does it arithmetically and assigns a value. When you advance and become sophisticated in your approach you can build a statistical model. Of course that guarantees nothing, but it allows you to be "evidence based" in your approach to entries and exits. In my opinion you want objectivity to rule the day. Ultimately you should be taking setups where a very high percentage of the time price goes X in your favor before it goes y against you. IMO, at a minimum this should be 3:1. Down the road, you can learn how to press the hell out of winners to allow huge gains, essentially with "house money". If you could turn a one lot into a five lot and have say ten ticks already booked with a net open stop to book another ten ticks...I mean you'd do that till your balls fell off, right? So it is essential to have an eye for the longer term. Right now I think you help yourself if losers are maybe often and small but winners are encouraged and nurtured.

Hope that helps...I don't want to bomb your thread.

Reply With Quote
     
The following 3 users say Thank You to wldman for this post:
     

Old November 22nd, 2016, 12:40 PM   #19 (permalink)
Elite Member
London
 
Futures Experience: Intermediate
Platform: Sierra Charts
Broker/Data: CQG
Favorite Futures: ES, CL
 
Posts: 462 since May 2016
Thanks: 989 given, 407 received


wldman View Post
better to ask than to lay stuff out and piss someone off for no benefit..............

thanks for spending time posting - will answer in full later, bit busy next couple of hours.

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

Old November 22nd, 2016, 12:42 PM   #20 (permalink)
Elite Member
London
 
Futures Experience: Intermediate
Platform: Sierra Charts
Broker/Data: CQG
Favorite Futures: ES, CL
 
Posts: 462 since May 2016
Thanks: 989 given, 407 received

long ES 2192.5


..long 2 lots...will post detailed reasons/charts later.

lots of confluence, tick div, vol came back in etc.

happy to add 1 more @ 2191.

Reply With Quote
     

Reply



futures.io > Futures Trading, News, Charts and Platforms > Trading Journals > ES intraday 'swing' trader

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

Trading Technologies: ADL hands-on

Dec 13

Normal webinar schedule resumes after the holidays

January

Ernie Chan: Risk Management

Elite only

Dedicated Trading Servers: Advantages/Disadvantages w/sam028

Elite only

An Afternoon with FIO member Massive I

Elite only

Leo Murphy: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
ES intraday volatility recently skiguy Traders Hideout 20 August 21st, 2016 10:22 PM
Rich's ES intraday strategy RichJamo Trading Journals 47 July 18th, 2016 03:58 PM
ES swing statistics marketvoyager Index Futures Trading 2 November 1st, 2015 11:43 AM
Algorithmic Intraday Swing Trading Ludi Trading Journals 4 February 1st, 2015 01:35 AM
ES Intraday Margin Hours? Branzol Index Futures Trading 13 July 29th, 2014 09:53 PM


All times are GMT -4. The time now is 06:45 AM.

Copyright © 2016 by 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 2016-12-10 in 0.09 seconds with 19 queries on phoenix via your IP 54.166.37.177