THREE SET UPS - futures io
futures io



THREE SET UPS


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one Jeff Castille with 215 posts (429 thanks)
    2. looks_two cunparis with 146 posts (154 thanks)
    3. looks_3 shodson with 125 posts (211 thanks)
    4. looks_4 Fat Tails with 73 posts (189 thanks)
      Best Posters
    1. looks_one Fat Tails with 2.6 thanks per post
    2. looks_two Jeff Castille with 2 thanks per post
    3. looks_3 shodson with 1.7 thanks per post
    4. looks_4 cunparis with 1.1 thanks per post
    1. trending_up 221,847 views
    2. thumb_up 1,368 thanks given
    3. group 125 followers
    1. forum 1,073 posts
    2. attach_file 239 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 150,000 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)

 
Search this Thread
 

THREE SET UPS

(login for full post details)
  #321 (permalink)
 cunparis 
Paris, France
 
Experience: Advanced
Platform: Market Delta & Ninjatrader
Trading: ES
 
cunparis's Avatar
 
Posts: 2,565 since Jun 2009
Thanks: 1,162 given, 2,088 received


emini_Holy_Grail View Post
Cunparis- how is your time zone related to EST.
are you in GMT+1?

CET which is GMT +1 & NY time + 6.

Follow me on Twitter Reply With Quote

Can you help answer these questions
from other members on futures io?
need help with easy language OR breakout code:)
Traders Hideout
Tips for directional bias during Asian Session?
Traders Hideout
mahDualCandlePattern
NinjaTrader
value chart indicator by sim22
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Spoo-nalysis ES e-mini futures S&P 500
44 thanks
How many day traders are profitable?
28 thanks
Why you should move from futures to forex
15 thanks
Attached Orders
13 thanks
fx "traders" hate real profitable traders
8 thanks
 
(login for full post details)
  #322 (permalink)
 emini_Holy_Grail 
Dallas,TX
 
Experience: Intermediate
Platform: NinjaTrader, OpenQuant
Broker: Zaner/Zen Fire
Trading: ES,6E,6B,GC,CL
 
Posts: 599 since Nov 2009
Thanks: 176 given, 126 received

Beth - did you say you trade 1 ct and target is 12 ticks?
if trading 2nd target, for 16 ticks, when do you pull trigger BE+1 after how many ticks?

Reply With Quote
 
(login for full post details)
  #323 (permalink)
 Jeff Castille 
Northern California
 
Experience: Intermediate
Platform: Ninja Trader
Broker: Amp Futures/ Zen-Fire
Trading: YM and CL
 
Jeff Castille's Avatar
 
Posts: 2,119 since Jun 2009
Thanks: 1,783 given, 3,299 received


Well..........-2 for the day.......very frustrating.........it was a bad start for CL as it was gyrating at the open of the indexes........a stop out and the stop and reverse stopped out.........but.......opened my targets and made it back (well except for 2 ticks)

The second to last trade was more of a Ross Hook deal......it hit my extended target of +16 but did not fill me....so I closed the trade at +8+8......of course then it made a new low.......

I'm just happy today did not end up being a big loser.......with such a terrible start.......I try to put both winners and losers behind me and just look for my next set up........I know my edge will work......I just have to let it.

Attached Thumbnails
Click image for larger version

Name:	CL 08-10  6_29_2010 (15 Min).jpg
Views:	206
Size:	97.6 KB
ID:	16244  
Follow me on Twitter Started this thread Reply With Quote
The following 5 users say Thank You to Jeff Castille for this post:
 
(login for full post details)
  #324 (permalink)
 wgreenie 
Cambridge, Ontario
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Zen-Fire
Trading: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,203 received


emini_Holy_Grail View Post
Beth - did you say you trade 1 ct and target is 12 ticks?
if trading 2nd target, for 16 ticks, when do you pull trigger BE+1 after how many ticks?

Yes Emini Holy Grail, they are all 1-contract trades with PT/SL @12 and 25 respectively. Use the entry bar (yellow inside bar) to determine SL adjustment when the trade does not look good anymore.

Jeff is trading 2 contracts with PTs @8 and 16 (2nd contract has BE+1 @8 ticks I believe). Jeff, will you please confirm to Emini Holy Grail if I get your trade management strategies wrong. Thank you.

Beth

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #325 (permalink)
 Jeff Castille 
Northern California
 
Experience: Intermediate
Platform: Ninja Trader
Broker: Amp Futures/ Zen-Fire
Trading: YM and CL
 
Jeff Castille's Avatar
 
Posts: 2,119 since Jun 2009
Thanks: 1,783 given, 3,299 received


wgreenie View Post
Yes Emini Holy Grail, they are all 1-contract trades with PT/SL @12 and 25 respectively. Use the entry bar (yellow inside bar) to determine SL adjustment when the trade does not look good anymore.

Jeff is trading 2 contracts with PTs @8 and 16 (2nd contract has BE+1 @8 ticks I believe). Jeff, will you please confirm to Emini Holy Grail if I get your trade management strategies wrong. Thank you.

Beth

See post #16 regarding money management.......I am still looking at the stop moving after first target is hit.....instead of b/e +1......go -8.

Follow me on Twitter Started this thread Reply With Quote
The following user says Thank You to Jeff Castille for this post:
 
(login for full post details)
  #326 (permalink)
 lolu 
Lagos, Nigeria
 
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
 
lolu's Avatar
 
Posts: 2,535 since Jun 2009
Thanks: 1,043 given, 1,672 received

This LIVE Real-time video of my trade taken @ 8:15pm(GMT+1), is normally posted to my Diary thread; but I want to share it with THREE SET UPS thread viewers. This is the second trade I made after the one in my post #317.

Is this a combination of INSIDE BAR and OUTSIDE BAR ?

Lolu

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to lolu for this post:
 
(login for full post details)
  #327 (permalink)
 Jeff Castille 
Northern California
 
Experience: Intermediate
Platform: Ninja Trader
Broker: Amp Futures/ Zen-Fire
Trading: YM and CL
 
Jeff Castille's Avatar
 
Posts: 2,119 since Jun 2009
Thanks: 1,783 given, 3,299 received


lolu View Post
This LIVE Real-time video of my trade taken @ 8:15pm(GMT+1), is normally posted to my Diary thread; but I want to share it with THREE SET UPS thread viewers. This is the second trade I made after the one in my post #317.

Is this a combination of INSIDE BAR and OUTSIDE BAR ?

Lolu

Looks like a double inside bar to me.....see post #62.

Great work !!

Follow me on Twitter Started this thread Reply With Quote
The following user says Thank You to Jeff Castille for this post:
 
(login for full post details)
  #328 (permalink)
 gulabv 
Dallas, TX
 
Experience: Beginner
Platform: Ninjatrader
Broker: Zen-Fire
Trading: ZN, 6E
 
gulabv's Avatar
 
Posts: 286 since May 2010
Thanks: 161 given, 168 received


wgreenie View Post
A Long profitable trade to end the day. $200 before commission.

Note:

1. In real life, I seldom trade in the afternoon based on my former "losing" trading experience.

2. High/Low for the Yellow inside bars have been shifted to their subsequent bars because I was running the Inside Bar strategies.

3. Bracket orders for the Long trade back to normal in the afternoon though I had to cancel the Sell Stop order manually.

Beth

Hi Beth,

Can you help me understand the first trade you show (+120 long; -160 short) were you trading the outside bar (in blue) or the inside bar (in yellow) for these 2 trades? I don't doubt your results just trying to understand what the chart is showing me. Thanks for sharing.

Reply With Quote
 
(login for full post details)
  #329 (permalink)
 wgreenie 
Cambridge, Ontario
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Zen-Fire
Trading: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,203 received


gulabv View Post
Can you help me understand the first trade you show (+120 long; -160 short) were you trading the outside bar (in blue) or the inside bar (in yellow) for these 2 trades?

Hi Gulabv

I have 2 Inside Bar strategies (one for Long and one for Short) running. For the first Yellow bar upon its completion, there were 2 Stop orders waiting (Buy Stop @75.91 and Sell Stop @75.72). Buy Stop was first filled and stopped out @16 ticks. Then Sell Stop was filled (I let it run as a reversal trade) and 12 ticks PT reached.

Note: I missed cancelling the Sell Stop order (thought NJ would do that for me as it did yesterday).

Hope the above will clear the air a little. Sorry for the confusion caused.

Beth

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to wgreenie for this post:
 
(login for full post details)
  #330 (permalink)
 gulabv 
Dallas, TX
 
Experience: Beginner
Platform: Ninjatrader
Broker: Zen-Fire
Trading: ZN, 6E
 
gulabv's Avatar
 
Posts: 286 since May 2010
Thanks: 161 given, 168 received



Jeff Castille View Post
Well..........-2 for the day.......very frustrating.........it was a bad start for CL as it was gyrating at the open of the indexes........a stop out and the stop and reverse stopped out.........but.......opened my targets and made it back (well except for 2 ticks)

The second to last trade was more of a Ross Hook deal......it hit my extended target of +16 but did not fill me....so I closed the trade at +8+8......of course then it made a new low.......

I'm just happy today did not end up being a big loser.......with such a terrible start.......I try to put both winners and losers behind me and just look for my next set up........I know my edge will work......I just have to let it.

Jeff,

Excellent recovery late in the day to only be down -2 !!

Did you use your discretion to try to go for 16 ticks on your later trades instead of your 8/16 PT (I guess you were trying to recover entirely)?

Reply With Quote


futures io Trading Community Trading Journals > THREE SET UPS


Last Updated on May 15, 2014


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2022 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), 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