Factor of N - Trading Journals | futures io social day trading
futures io futures trading


Factor of N
Updated: Views / Replies:17,622 / 164
Created: by Eric j Attachments:190

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
 190  
 
Thread Tools Search this Thread
 

Factor of N

  #91 (permalink)
Big game hunter
NY
 
Futures Experience: Advanced
Platform: Esignal, MBT navigator
Favorite Futures: Currencies
 
Posts: 2,526 since Jun 2009
Thanks: 1,397 given, 2,570 received

2 winers 2 losers + 1 pip today . The dangling tails reaching below support provided the stopouts . Good reason to keep the stops nice and clear of the swing levels , mine were too tight .

Attached Thumbnails
Factor of N-eurusd-9_13_2010-240-min-.jpg   Factor of N-eurusd-9_13_2010-15-min-.jpg  
Reply With Quote
The following user says Thank You to Eric j for this post:
 
  #92 (permalink)
Big game hunter
NY
 
Futures Experience: Advanced
Platform: Esignal, MBT navigator
Favorite Futures: Currencies
 
Posts: 2,526 since Jun 2009
Thanks: 1,397 given, 2,570 received

1 loser 3 winners today +36 pips . Still looking like Ill implement the newer version next week because the backtests look good so far , just need to make time to sit down with it to really focus and finish .

The reasons why I would change anything is .....

Weakness - The Macd is kinda lazy and Ive found a tool with a little quicker and more consistent response .
Consistency - Just are better tools out there to define an entry objectively the same way every single time .

Believe it or not Ive found that bar patterns are as weak or weaker than the garden variety indicator or oscillator . Pin bars , candle formations , inside bars , outside bars , key reversal bars , wide range bars , long wicks , long tails , dojis , hammers , spinning tops etc. etc. all work when they work but dont provide more likelyhood of a winning trade than an algorithm . This is based on a lot of screen time and testing by yours truly . Thats not to say that "price action " isnt a key part of a trade because it is but in the context of defining when a pullback is likely to end and price is likely to continue in the trends direction an algo works better or at least equally well as price bar patterns .

Attached Thumbnails
Factor of N-eurusd-9_14_2010-240-min-.jpg   Factor of N-eurusd-9_14_2010-15-min-.jpg  
Reply With Quote
The following 2 users say Thank You to Eric j for this post:
 
  #93 (permalink)
Big game hunter
NY
 
Futures Experience: Advanced
Platform: Esignal, MBT navigator
Favorite Futures: Currencies
 
Posts: 2,526 since Jun 2009
Thanks: 1,397 given, 2,570 received


3 winners 1 loser today +54 pips (0630 was a cancellation) . The 2nd trades stop was too tight obviously (now in hindsight) . The prior swing level makes sense now so note to self - dont do that , the trades with breathing room tend to work pretty well so dont be afraid of a wider stop .

Attached Thumbnails
Factor of N-eurusd-9_15_2010-240-min-.jpg   Factor of N-eurusd-9_15_2010-15-min-.jpg  
Reply With Quote
The following user says Thank You to Eric j for this post:
 
  #94 (permalink)
Big game hunter
NY
 
Futures Experience: Advanced
Platform: Esignal, MBT navigator
Favorite Futures: Currencies
 
Posts: 2,526 since Jun 2009
Thanks: 1,397 given, 2,570 received

3 winners and 1 trade still open today . IF the open trade hits the target its + 119 pips for today if not its -6 pips for today , time will tell .

Edit - Thats -6 pips for today . Looks like the upmove is unravelling a bit before the fri. news .

Attached Thumbnails
Factor of N-eurusd-9_16_2010-240-min-.jpg   Factor of N-eurusd-9_16_2010-15-min-.jpg  

Last edited by Eric j; September 17th, 2010 at 09:13 AM.
Reply With Quote
The following user says Thank You to Eric j for this post:
 
  #95 (permalink)
Big game hunter
NY
 
Futures Experience: Advanced
Platform: Esignal, MBT navigator
Favorite Futures: Currencies
 
Posts: 2,526 since Jun 2009
Thanks: 1,397 given, 2,570 received

2 losers today - 91 pips , Ouch ! The Macd picked up the bearishness @ 1300 too little too late . The 3 bar break picked it up @ 0900 and would have saved me from the 2nd stopout . Following the plan through thick and thin sucks some days but in the big picture and overall it saves me grief .

Attached Thumbnails
Factor of N-eurusd-9_17_2010-240-min-.jpg   Factor of N-eurusd-9_17_2010-15-min-.jpg  
Reply With Quote
The following 2 users say Thank You to Eric j for this post:
 
  #96 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,220 received


Eric j View Post
2 losers today - 91 pips , Ouch ! The Macd picked up the bearishness @ 1300 too little too late . The 3 bar break picked it up @ 0900 and would have saved me from the 2nd stopout . Following the plan through thick and thin sucks some days but in the big picture and overall it saves me grief .

Do you have an excel workbook or anything showing the bigger picture status, like how much your average winning day is vs your average losing day, and the percentage of winning days vs percentage of losing days?

I think that if you know these stats, you can sleep well at night on days like this, so long as the stats demonstrate an edge and make sense.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #97 (permalink)
Big game hunter
NY
 
Futures Experience: Advanced
Platform: Esignal, MBT navigator
Favorite Futures: Currencies
 
Posts: 2,526 since Jun 2009
Thanks: 1,397 given, 2,570 received


Big Mike View Post
Do you have an excel workbook or anything showing the bigger picture status, like how much your average winning day is vs your average losing day, and the percentage of winning days vs percentage of losing days?

I think that if you know these stats, you can sleep well at night on days like this, so long as the stats demonstrate an edge and make sense.

Mike

I do have the stats from manual backtesting and the live results began a few weeks ago . The only #s I have are these and although I plan to keep it all on a spreadsheet I havent thusfar . I always kept track of everything on paper so thats what Im used to and the average day sees an average of 2.5 trades so its possible to keep all the #s organized . Im trading all the signals that fall in the 0100 - 1100 EST time period without a max loss limit and profit goal because I want to see the edge played out . Fundamantally I believe in a goal and loss limit but I feel that would make measuring this mechanical methods edge impossible . The average losing day is -30 pips and the average winning day is +19 pips . Starting 7/12/10 thats 43 win days and 6 lose days +817 pips and -180 pips (49 days) . I trade tiny units so I can keep the risk on each trade close to 1.5% and my objective is to be able to consistently come out ahead and then apply leverage accordingly in proportion to equity . Ive always believed in this theory , that if you can gain X amount of ticks or pips or % each day or week then its left up to leverage to amplify your paycheck . Ive seen this theory promoted by the likes of jeff quinto , al brooks and big mike himself .

Reply With Quote
The following 2 users say Thank You to Eric j for this post:
 
  #98 (permalink)
Big game hunter
NY
 
Futures Experience: Advanced
Platform: Esignal, MBT navigator
Favorite Futures: Currencies
 
Posts: 2,526 since Jun 2009
Thanks: 1,397 given, 2,570 received

2 winners 1 loser today +21 pips . The 3 line break is picking up the bullishness now and tends to be stronger at picking up an early trend shift so far .

Attached Thumbnails
Factor of N-eurusd-9_20_2010-240-min-.jpg   Factor of N-eurusd-9_20_2010-15-min-.jpg  
Reply With Quote
The following 2 users say Thank You to Eric j for this post:
 
  #99 (permalink)
Big game hunter
NY
 
Futures Experience: Advanced
Platform: Esignal, MBT navigator
Favorite Futures: Currencies
 
Posts: 2,526 since Jun 2009
Thanks: 1,397 given, 2,570 received

9/21/10 Tuesday -

2 winners 1 loser today +9 pips . The 3 line break had the strength pinned down long before the Macd . Today was a reminder that staying with the trade because Im following the rules is a noble cause but Fed day > 1100 EST the odds are 50/50 and the edge is null . Therefore holding trade 2 today was a tossup and I never win at tossups , only lose .

Attached Thumbnails
Factor of N-eurusd-9_22_2010-240-min-.jpg   Factor of N-eurusd-9_21_2010-15-min-.jpg  
Reply With Quote
The following 2 users say Thank You to Eric j for this post:
 
  #100 (permalink)
Big game hunter
NY
 
Futures Experience: Advanced
Platform: Esignal, MBT navigator
Favorite Futures: Currencies
 
Posts: 2,526 since Jun 2009
Thanks: 1,397 given, 2,570 received


2 winners today + 62 pips .

Attached Thumbnails
Factor of N-eurusd-9_22_2010-240-min-.jpg   Factor of N-eurusd-9_22_2010-15-min-.jpg  
Reply With Quote
The following 2 users say Thank You to Eric j for this post:

Reply



futures io > > > Factor of N

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
way to increase wireless capacity by a factor of 1,000 cory Off-Topic 1 July 30th, 2011 09:42 AM
Egypt Unrest on the Radar, but Not Yet a Factor for Oil Market Quick Summary News and Current Events 0 January 26th, 2011 09:10 PM
Decent Profit Factor DarrenH Psychology and Money Management 6 November 14th, 2010 06:11 PM
Charts and the time factor... Meggs Traders Hideout 2 August 16th, 2009 09:41 AM


All times are GMT -4. The time now is 07:53 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 2017-12-12 in 0.15 seconds with 20 queries on phoenix via your IP 54.234.255.29