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


THREE SET UPS
Updated: Views / Replies:155,606 / 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

  #361 (permalink)
Elite Member
las vegas
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Velocity/IB
Favorite Futures: 6E
 
Posts: 1,147 since Feb 2010
Thanks: 304 given, 836 received

how do you like that for an outside bar trade baby!

Attached Thumbnails
THREE SET UPS-outside.jpg  
Reply With Quote
The following 3 users say Thank You to vegasfoster for this post:
 
  #362 (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


vegasfoster View Post
how do you like that for an outside bar trade baby!

I like it ......what was that an outside bar on?

Reply With Quote
 
  #363 (permalink)
Elite Member
las vegas
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Velocity/IB
Favorite Futures: 6E
 
Posts: 1,147 since Feb 2010
Thanks: 304 given, 836 received


I was looking at the 5 minute, didn't actually take it until after the break though. The ob did get my attention, but i really just felt like gloating.

Reply With Quote
The following user says Thank You to vegasfoster for this post:
 
  #364 (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

Another Long Inside Bar trade to end the day.

Official sim trade results: 3 winners and 1 loser = $120 before commission.

Note: Mr Market must feel bad for my earlier 7-tick slippage. Sooo, it gave me 4-tick slippage for the afternoon trade to my favor this time .. haha ..

Hi Jeff: So far I've been enjoying lots of FUN practising the Inside Bar set-ups on CL this week. Oh, I think I did a reversal trade too (see the green/magenta arrows on the green bar before the 2 yellow bars) and it's a profitable one.

Beth

Attached Thumbnails
THREE SET UPS-cl-long-inside-bar-trade-pm.jpg  
Reply With Quote
 
  #365 (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

Todays CL trades

OK.....+78 today. Two inside bar trades and a reversal coming out of lunch.

A word about the reversal............the wick was 62%......the volume was high of the day.....it was at the END of a big down move. Notice entry is one tick above reversal bar.

Have a great day,

Jeff

Attached Thumbnails
THREE SET UPS-cl-08-10-6_30_2010-15-min-.jpg  
Reply With Quote
The following 5 users say Thank You to Jeff Castille for this post:
 
  #366 (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


Jeff Castille View Post
OK.....+78 today. Two inside bar trades and a reversal coming out of lunch.

A word about the reversal............the wick was 62%......the volume was high of the day.....it was at the END of a big down move. Notice entry is one tick above reversal bar.

Have a great day,

Jeff

Thanks Jeff for the Reversal trade entry point. It's always a myth to me until now. Hey, I got lucky that my so-called reversal trade was a profitable one. I thought I had to wait for the completion of another bar (green one for this case) before entry LOL! I also don't understand why I did not get a magenta long-wick bar (it's red) though the yellow Divergence dot alerted me that it's a reversal one.

Beth

Reply With Quote
 
  #367 (permalink)
Elite Member
Northern California
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: Optimus / Rithmic
Favorite Futures: TF,ES
 
Posts: 7 since Nov 2009
Thanks: 179 given, 9 received

June 30 3 Winners on CL

Hello all, here are my trades for the day
Trade#1 do not know if it was totally legal , as trade was 15 minutes to PMI News , hit the +8 came back to hit the stop for + 1
Trade # 2 just nice relaxed + 8 + 16
Trade # 3 we had an inside bar , then a " Double Inside Bar " , I was going to get greedy and go for 16 and 16 , but did not , for those that took this trade you will remember it was , as Jeff said a " SLAM " ,, went up 20 ticks in 1 second , let me have the + 8 , would not fill the +16 , came back to stop me out at + 2 . Now that I re-look at this trade , the idea of 16 and 16 was not so bad , BUT would have to use a different ATM strategy ,of not moving the stop the B/E + 1 at 8 ticks profit. O'h how clear things are in hindsight. Better to stay with the proven + 8 + 16 .
Total for the day 64 ticks

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 user says Thank You to victhiry for this post:
 
  #368 (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


wgreenie View Post
Thanks Jeff for the Reversal trade entry point. It's always a myth to me until now. Hey, I got lucky that my so-called reversal trade was a profitable one. I thought I had to wait for the completion of another bar (green one for this case) before entry LOL! I also don't understand why I did not get a magenta long-wick bar (it's red) though the yellow Divergence dot alerted me that it's a reversal one.

Beth

Hi Beth,

The reversal bar wick size can be adjusted......the "stock" setting is 67. This weekend I was doing some research on software that identified japanese candlesticks.......one software company offered a feature that allowed you to set a % of how close a candle came to an ideal look. I'm thinking anything over 60 could be considered as long as the other two criteria are met.

Just remember the reason for your loser............you were trading too close to news.

Jeff

Reply With Quote
The following user says Thank You to Jeff Castille for this post:
 
  #369 (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


Jeff Castille View Post
Hi Beth,

The reversal bar wick size can be adjusted......the "stock" setting is 67. This weekend I was doing some research on software that identified japanese candlesticks.......one software company offered a feature that allowed you to set a % of how close a candle came to an ideal look. I'm thinking anything over 60 could be considered as long as the other two criteria are met.

Just remember the reason for your loser............you were trading too close to news.

Jeff

Yes Jeff lesson learned! I adjusted the wick % (default 67 to 65 .. 63 ..) and the red bar turned to magenta at 62. I will leave it as-is since I am still learning. Thank you.

Beth

Reply With Quote
 
  #370 (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



Jeff Castille View Post
OK.....+78 today. Two inside bar trades and a reversal coming out of lunch.

A word about the reversal............the wick was 62%......the volume was high of the day.....it was at the END of a big down move. Notice entry is one tick above reversal bar.

Have a great day,

Jeff

Nice job on the reversal bar!

I'm thinking I'd like to incorporate that setup next, but I think I want to study and research the inside bar some more because I have some other inside-bar/range breakout setups in other markets and time frames I've studied and am interested in finding out how this could benefit those as well.

I got +66 ticks on the 3 inside bars and avoided the losing IB during news.

+10
+10 / +18
+10 / +18
===========
+66 ticks


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 > > > 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 12:40 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 2017-12-18 in 2.64 seconds with 20 queries on phoenix via your IP 54.196.201.241