THREE SET UPS - Trading Journals | futures io social day trading
futures io futures trading


THREE SET UPS
Updated: Views / Replies:155,537 / 1,073
Created: by Jeff Castille Attachments:243

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
 243  
 
Thread Tools Search this Thread
 

THREE SET UPS

  #221 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received

Hi Jeff

I couldn't help playing with it one more time before a break. I added a pair of {} and it works .. Hurrah! Now I will zozozo well tonight and not having price labels "flying everywhere" in my dream .. smile ..

Beth

Attached Thumbnails
THREE SET UPS-cl-08-10-6_25_2010-15-min-.jpg  
Reply With Quote
 
  #222 (permalink)
Membership Revoked
United States of America
 
Futures Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009
Thanks: 262 given, 471 received


wgreenie View Post
Hi Jeff

I couldn't help playing with it one more time before a break. I added a pair of {} and it works .. Hurrah! Now I will zozozo well tonight and not having price labels "flying everywhere" in my dream .. smile ..

Beth

Beth, can you post the revised indicator? Thank you very much.

Reply With Quote
 
  #223 (permalink)
 Vendor: www.probabletrades.com 
OC, California, USA
 
Futures Experience: Advanced
Platform: IB/TWS, NinjaTrader, thinkorswim
Favorite Futures: stocks, options, futures, VIX
 
shodson's Avatar
 
Posts: 1,860 since Jun 2009
Thanks: 480 given, 3,255 received



gtichauer View Post
Shodson I don't know how u plan to test this but an idea, also according to Cunparis comments, may be to enter 1 ct on entry and 1 ct on a 50%/75% adverse excursion....so the cost of a full stop is reduced, there is room for a pullback after entry, which if deep enough could play in our favor......target for the second could be the entry point, and target for the first ct stop size......

That's something worth testing, but having traded gaps and breakouts trying to enter during an adverse excursion is nice when it works but you also miss out on the ones that take off and don't look back, so you just have to do some cost/benefit analysis of that. Also, requiring a breakout to be a close outside of a range instead of using a stop order can help/hurt. Same for stops, require a close below your stop, helps prevent head fakes and market makers running stops, but leaves you open to larger losses when they aren't head fakes.

Reply With Quote
 
  #224 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received


Zoethecus View Post
Beth, can you post the revised indicator? Thank you very much.

You are most welcome Zoe. It's available from the Elite section now:

https://futures.io/free_downloads/vip_elite_circle/

Beth

Reply With Quote
The following 2 users say Thank You to wgreenie for this post:
 
  #225 (permalink)
Elite Member
Dallas,TX
 
Futures Experience: Intermediate
Platform: NinjaTrader, OpenQuant
Broker/Data: Zaner/Zen Fire
Favorite Futures: ES,6E,6B,GC,CL
 
Posts: 590 since Nov 2009
Thanks: 176 given, 116 received

Beth - where did you get the D3spotterzshaff

Reply With Quote
 
  #226 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received


emini_Holy_Grail View Post
Beth - where did you get the D3spotterzshaff

Hi Emini Holy Grail

I believe it's one of the many D3 indicators in the zip file as follows:

https://futures.io/traders-hideout/2415-quick-question-about-d3spotter-indicator.html (Post #5 on Page 1)

Enjoy!

Beth

Reply With Quote
 
  #227 (permalink)
Elite Member
Northern California
 
Futures Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Amp Futures/ Zen-Fire
Favorite Futures: YM and CL
 
Jeff Castille's Avatar
 
Posts: 2,119 since Jun 2009
Thanks: 1,785 given, 3,279 received

LUNCH

I did a little research on trades during lunch time in NYC. This time of day usually has low volume. The research was from 5/21 through 6/17 CL 7-10 contract.

20 trading days

8 days no signals (that is "three set up" signals)

3 losing trades

9 winning trades

55% of the time there is nothing happening or you are losing.....the other 45% of the time you winning......

So, it's a toss up. I think that I would like the odds a little more in my favor.

Reply With Quote
The following 5 users say Thank You to Jeff Castille for this post:
 
  #228 (permalink)
Just a boy
Auckland, New Zealand
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: AMP/CQG
Favorite Futures: Whatever moves in my timezone
 
Posts: 1,803 since Sep 2009
Thanks: 3,165 given, 1,372 received

Clarification


Jeff Castille View Post
OK.......+68 ticks for this morning.

Unfortunately it could have been more but I screwed up two times.

Actually three.

The first trade I have NO signal that was in my plan (thought we had a double bottom at the open)......the trade was slow to develop....I decide to exit at breakeven. Shortly after the market moves to my first target.

Next trade....I decide I have a reversal bar and I go short +8+16 but.......I hit something on the DOM that triggers ANOTHER trade.....I quickly exit +3+3.

Next trade +8+16...no screw ups

Next trade....enter trade and see that I have NO ATM strategy on the trade !! I immediately close the trade+7+7......or course this is the strongest move of the morning and I get about half of what I should have........

I can't believe I am capable of this many screw ups in such a short time. But.....+68 ticks....I should screw up like this everyday!! lol

It's quadruple witching day......so I'm done trading for today.

Roonius finished my new indicator for me......it's the reversals v6.1. This is an indicator that helps to identify the reversal bars. It features an adjustable wick %......so if we are looking for a bar at the end of an up/down move where the wick is 2/3 of the bar......it will paint it for you. Also, it will paint the outside bar in real time instead of waiting until bar close. The inside bar and reversal bar paint at bar close.

I'll test it out and post it if it checks out.

Have a great weekend !!

Jeff

Hi Jeff,

Wasn't trade 1 an Outside bar setup anyway.

I know you took it as a DB, but you would/should/could have taken as an Outside bar - or am I missing something?

Reply With Quote
 
  #229 (permalink)
Elite Member
Northern California
 
Futures Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Amp Futures/ Zen-Fire
Favorite Futures: YM and CL
 
Jeff Castille's Avatar
 
Posts: 2,119 since Jun 2009
Thanks: 1,785 given, 3,279 received


steve2222 View Post
Hi Jeff,

Wasn't trade 1 an Outside bar setup anyway.

I know you took it as a DB, but you would/should/could have taken as an Outside bar - or am I missing something?

Hi Steve,

On the trade in question........the entry bar low was equal to the previous bar low......it did NOT move "outside" the previous bar low therefore I would NOT call it an "outside" bar.

Jeff

Reply With Quote
 
  #230 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,032 received



Jeff Castille View Post
Hi Steve,

On the trade in question........the entry bar low was equal to the previous bar low......it did NOT move "outside" the previous bar low therefore I would NOT call it an "outside" bar.

Jeff

I thought you still took those. It can be seen as a double bottom instead of an outside bar. I'll have to test that.

I'm doing some testing now. Since I'm posting a message I'll post my current results.

This is inside bar only, past 5 months (I don't have tick data further than 6 months and I'm using tick bars to get more precise results). Trading from 9-noon. I found the optimal target is 17 ticks which is in agreement with Jeff's 16 ticks so I'm using 16.

I next tested the breakeven stop. This is just one contract. I ran optimizer for breakeven stop and the results tell me it's better to put it between 7-16 ticks with 15 being the optimal for highest profit and 10 being optimal for max profit factor. This is very close to Jeff's 8 ticks.

So far Jeff's values hold up statistically over the past 5 months.

Now I want to test putting breakeven stop at -8 ticks to see if that helps.

Remember this does NOT take into account news just for simplicity. The drawdown could be caused by trading around news events. I'm just doing some stats on the trade management.


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 7 users say Thank You to cunparis for this post:

Reply



futures io > > > THREE SET UPS

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
UPS opinions? Poocher Tech Support 45 July 4th, 2017 12:28 PM
Very basic scalper set up Xzap Traders Hideout 25 November 18th, 2013 09:39 AM
ES indicators, set ups exits kctpac Emini Index Futures Trading 18 December 16th, 2011 03:07 PM
Home Depot Earnings Beat Forecasts, Ups Dividend Quick Summary News and Current Events 0 February 22nd, 2011 08:00 AM
What is the perfect set up? h4cked Reviews of Brokers and Data Feeds 8 December 11th, 2010 03:54 PM


All times are GMT -4. The time now is 10:09 AM.

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 2017-12-17 in 0.29 seconds with 20 queries on phoenix via your IP 107.20.115.174