Simple Setups - Journal - Trading Journals | futures io social day trading
futures io futures trading


Simple Setups - Journal
Updated: Views / Replies:8,209 / 68
Created: by Locust Attachments:28

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 – 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.

-- Big Mike, Site Administrator

Reply
 28  
 
Thread Tools Search this Thread
 

Simple Setups - Journal

  #11 (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

Nice , please share the specific structure of your hook pattern . I see your charts and they are very clear although Im unclear how the bars relate to one another to form a hook , thanks much .

Reply With Quote
 
  #12 (permalink)
Elite Member
Germany
 
Futures Experience: Advanced
Platform: Quanthouse, Multicharts
Broker/Data: IB / IQ / EBS-ETS
Favorite Futures: FDAX, FGBL, FGBM, CL, ES
 
Locust's Avatar
 
Posts: 95 since Aug 2010
Thanks: 40 given, 112 received


Eric j View Post
Nice , please share the specific structure of your hook pattern . I see your charts and they are very clear although Im unclear how the bars relate to one another to form a hook , thanks much .

They are quite a few a setups that can form a hook.

Common is the one following a 123.

Take the GC-Trade this morning as an example.

I see a classic 123 pattern ( 8.Sep 10.Sep 14 Sep )
followed by a prolonged uptrend ( at least x bars up )
The first bar that shows a down move ( 27.Sep )
Triggers the Setup. If now the open of the next bar is within the
previous bars range the Trade is triggered.

As far as I understood Joe, he would set a trigger above the high and wait for the trend to continue.
That does work, but mostly not instantly.

I backtested the pattern over 20 years worth of data.
It has good years and better years, but so far not a loss.

There are specific months of the year when the pattern works better than others,
but that is about it.

If you have different definitions, lets compare.
So far i use 22 different bar setups in my active trading, ranging from the hook to even simpler ideas.

Locust

Reply With Quote
The following user says Thank You to Locust for this post:
 
  #13 (permalink)
Elite Member
Germany
 
Futures Experience: Advanced
Platform: Quanthouse, Multicharts
Broker/Data: IB / IQ / EBS-ETS
Favorite Futures: FDAX, FGBL, FGBM, CL, ES
 
Locust's Avatar
 
Posts: 95 since Aug 2010
Thanks: 40 given, 112 received

Thatīs it for today


Nice move in the CL.
Should not interfere, but this was just to good to miss.
(normally I would trail the high as a stop)

Attached Thumbnails
Simple Setups - Journal-screen-shot-2010-09-28-16.05.16-.png  
Reply With Quote
 
  #14 (permalink)
Elite Member
Germany
 
Futures Experience: Advanced
Platform: Quanthouse, Multicharts
Broker/Data: IB / IQ / EBS-ETS
Favorite Futures: FDAX, FGBL, FGBM, CL, ES
 
Locust's Avatar
 
Posts: 95 since Aug 2010
Thanks: 40 given, 112 received

CL - working well

No complains today, automatic setup working like a treat.
Currently working on tick based setups.
Turning out to be a perfect trade from short to long signal.

Locust

PS: The signals in the middle of the chart, are not traded because I do not trade between 22.00 and 8.00 GMT+1

Attached Thumbnails
Simple Setups - Journal-screen-shot-2010-09-29-16.32.05-pm.png   Simple Setups - Journal-screen-shot-2010-09-29-17.12.43-pm.png  

Last edited by Locust; September 29th, 2010 at 12:13 PM. Reason: Added Update
Reply With Quote
 
  #15 (permalink)
Elite Member
Germany
 
Futures Experience: Advanced
Platform: Quanthouse, Multicharts
Broker/Data: IB / IQ / EBS-ETS
Favorite Futures: FDAX, FGBL, FGBM, CL, ES
 
Locust's Avatar
 
Posts: 95 since Aug 2010
Thanks: 40 given, 112 received

short long short

Hmm, did not expect such a move.
Stop trailing at 77.83, letīs wait and see.

"Some days are diamonds, some days are stone..."

Locust


Attached Thumbnails
Simple Setups - Journal-screen-shot-2010-09-29-19.12.46-pm.png  
Reply With Quote
The following user says Thank You to Locust for this post:
 
  #16 (permalink)
CL Assassin
Near Dallas, Texas, US
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: ZenFire
Favorite Futures: CL
 
Gary's Avatar
 
Posts: 1,070 since Jun 2009
Thanks: 504 given, 2,230 received


Locust View Post
Hmm, did not expect such a move.
Stop trailing at 77.83, letīs wait and see.

"Some days are diamonds, some days are stone..."

Locust


Hey Locust,

Thanks for sharing; just curious why you would use the high of day as your trailing stop in this instance?

Thanks,
Gary

Reply With Quote
 
  #17 (permalink)
Elite Member
Germany
 
Futures Experience: Advanced
Platform: Quanthouse, Multicharts
Broker/Data: IB / IQ / EBS-ETS
Favorite Futures: FDAX, FGBL, FGBM, CL, ES
 
Locust's Avatar
 
Posts: 95 since Aug 2010
Thanks: 40 given, 112 received


Gary View Post
Hey Locust,

Thanks for sharing; just curious why you would use the high of day as your trailing stop in this instance?

Thanks,
Gary

Itīs the high of the bar with the sell setup, here itīs the high of the day, i started out adding a few points to the high, but over the last years it did show that once the high is taken the setup does not end profitable.

Why the high in general, because it is simple but includes for this point in time all the information i need.
I like bars because one can read much more than just ohlc. I tested a lot of other stop methods, but they made my systems slower and not more profitable.

As it turned out the deal went wrong, the trailing worked, so the high of the previous bar was the stop at 77,66
a loss of 2 ticks. That is fine with me after a day like that.

Locust

PS:
Hope that answered your question Gary.
If you have a better Idea, let me know.

Attached Thumbnails
Simple Setups - Journal-screen-shot-2010-09-29-20.47.24-pm.png  

Last edited by Locust; September 29th, 2010 at 04:10 PM. Reason: PS
Reply With Quote
The following user says Thank You to Locust for this post:
 
  #18 (permalink)
Elite Member
Germany
 
Futures Experience: Advanced
Platform: Quanthouse, Multicharts
Broker/Data: IB / IQ / EBS-ETS
Favorite Futures: FDAX, FGBL, FGBM, CL, ES
 
Locust's Avatar
 
Posts: 95 since Aug 2010
Thanks: 40 given, 112 received

Less crowded

While the CL contract is fast paced and full of glory, here the boring HO contract.
Less noise and a bit offset to the CL-Price action.

Locust

Attached Thumbnails
Simple Setups - Journal-screen-shot-2010-09-30-13.42.39-.png  
Reply With Quote
 
  #19 (permalink)
Elite Member
Germany
 
Futures Experience: Advanced
Platform: Quanthouse, Multicharts
Broker/Data: IB / IQ / EBS-ETS
Favorite Futures: FDAX, FGBL, FGBM, CL, ES
 
Locust's Avatar
 
Posts: 95 since Aug 2010
Thanks: 40 given, 112 received

Finally a FDAX Signal

After Days and Days of movement without a valid setup/signal.
A nice rebound after the US-Data.

Locust



Attached Thumbnails
Simple Setups - Journal-screen-shot-2010-09-30-19.47.41-pm.png  
Reply With Quote
 
  #20 (permalink)
Elite Member
Germany
 
Futures Experience: Advanced
Platform: Quanthouse, Multicharts
Broker/Data: IB / IQ / EBS-ETS
Favorite Futures: FDAX, FGBL, FGBM, CL, ES
 
Locust's Avatar
 
Posts: 95 since Aug 2010
Thanks: 40 given, 112 received

Superman never made any money.


After a "perfect day" yesterday, today a bit of a slow start....
Market 2 / Locust 0.
Letīs wait and see.



Locust

"Who is John Galt?"

Attached Thumbnails
Simple Setups - Journal-screen-shot-2010-10-01-10.30.21-.png  
Reply With Quote

Reply



futures io > > > Simple Setups - Journal

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
Volume Ladder for NT - patterns and setups "journal" Pepperdog The Elite Circle 129 May 2nd, 2014 04:06 PM
How many SetUps do we use? supermht Traders Hideout 27 February 20th, 2013 08:13 PM
Little League to the Big Leagues - Journal of a simple trader rtrade Elite Trading Journals 142 July 23rd, 2011 05:22 PM
Simple method journaL to get you from demo to live trading cw30000 Trading Journals 2 February 28th, 2011 04:14 PM
Monitor Setups aslan Tech Support 9 August 14th, 2010 12:01 PM


All times are GMT -4. The time now is 07:33 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 2017-12-17 in 0.13 seconds with 20 queries on phoenix via your IP 54.163.209.109