(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 – 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 don’t 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.
your rule makes sense, as it is a trend filter. Trend continuation usually has a higher probability compared to a reversal. But would you really take a long above EMA after
- price has penetrated the upper limit of the Keltner Channel,
- a buying climax has occured followed by some stopping volume (churning),
- price is just sitting below resistance?
This looks like a Greater Fool Trade, and who is the fool you will be selling to?
What I've noticed is that if the trend is extended and you get an inside bar and price wants to mean-revert it will probably not give you a head-fake signal that the trend is going to continue, rather, that it will truly reverse without giving you a continuation signal and you won't enter a trade if you are only trading with-trend. Of course, this is not always the case, but more often than not that's the way it happens, at least in my cursory, non-backtested observations.
The following user says Thank You to shodson for this post:
I have also seen a lot of inside bars at that occasion that lead to a false break-out. It would typically look like this (example for a reversal of a bullish move)
- expansion bar (climax)
- churn bar closes within the range established by the expansion bar
- inside bar
- final flag -> false breakout to a new high, reverses at resistance
- move back into the trading range
- then breakout to the downside
What I want to say is, that the breakout in direction of the trend is not always a high probability trade if the market is already overextended. I would prefer to wait that price moves back into the channel, before trading in direction of the trend.
The following 2 users say Thank You to Fat Tails for this post:
