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

  #31 (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


Big Mike View Post
Odds are the same every roll.

Mike

In now, looking at every roll independently. But looking at the whole ?
What if you roll a million times, how often will you have 2 times in a row compared to 20 times ?

Looking at the market, every trend stops at least for a short reaction once in an while. I would rougher enter a countertrend
on a day where I know that in the past with a high percentage the market went in my direction, than trading a signal against the established trend in the longer time frame.


Locust

Reply With Quote
 
  #32 (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: 46,240 since Jun 2009
Thanks: 29,355 given, 83,237 received


Locust View Post
In now, looking at every roll independently. But looking at the whole ?
What if you roll a million times, how often will you have 2 times in a row compared to 20 times ?

Looking at the market, every trend stops at least for a short reaction once in an while. I would rougher enter a countertrend
on a day where I know that in the past with a high percentage the market went in my direction, than trading a signal against the established trend in the longer time frame.


Locust

I hear what you are saying. But, I really, really suck at math so I can't make a scientific response. All I know is each roll has the same odds as the role before it and the one after it.

The market is not this simple. You would have to define and build an edge/method and then forward test it in a live market to know if your edge/method is going to work using these types of odds or statistics.

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
 
  #33 (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



Big Mike View Post
I hear what you are saying. But, I really, really suck at math so I can't make a scientific response. All I know is each roll has the same odds as the role before it and the one after it.

The market is not this simple. You would have to define and build an edge/method and then forward test it in a live market to know if your edge/method is going to work using these types of odds or statistics.

Mike

Me too, but I had a few brain-bucks look at the idea and the outcome is the same reason why casinos have table limits and donīt let you stand around the table for endless hours. If you have deep enough pockets to double up you change the odds after 6 to 7 throws in a row. In the equity markets after 10 - 12 bars on an eod timeframe.

Donīt get me wrong,
I am not suggesting to short after a bull run of 12 days and double on the next day in case you are wrong, everybody would be go bankrupt no matter how deep their pockets might be. But as an initial filter and point to build a possible pattern on, it works.


Locust


Reply With Quote
 
  #34 (permalink)
Elite Member
Italy (IT)
 
Futures Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker/Data: Rithmic
Favorite Futures: CL, Brent, GC, TF
 
LukeGeniol's Avatar
 
Posts: 1,501 since Apr 2010
Thanks: 408 given, 974 received

Locust, have u some statistic on your method eod and intraday for the instruments u trade?

Thanks.

Take your Pips, go out and Live.
Luke.
Reply With Quote
 
  #35 (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

I hope we can dive into more stats on countertrend trades especially forward testing . Im partial to a trade against the trend if a wide ranging bar with the trend , the wider the better , encounters a subsequent opposing bar for a short ride against the trend . Trend --> exhaustion ----> regrouping .

Reply With Quote
The following user says Thank You to Eric j for this post:
 
  #36 (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

Took a little time-off, after being definitely not in the zone.
Used the time to look at some longer timeframes.

Interesting Setup in Gold.

Even though long term the trend is stable and probably makes the perfect example for trend following books to come.

Medium Term we are at a very interesting point.

Since I outed myself as more of a countertrend trader,
let me know what you think first.


Locust


Attached Thumbnails
Simple Setups - Journal-screen-shot-2010-10-06-12.19.23-.png  

Last edited by Locust; October 6th, 2010 at 07:31 AM. Reason: ups, forgot the chart.
Reply With Quote
The following user says Thank You to Locust for this post:
 
  #37 (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: 46,240 since Jun 2009
Thanks: 29,355 given, 83,237 received

Locust, you asked for feedback so here is mine so far. I like the simple nature of your charts. I don't understand your method or your signals, so can't comment nor should it really matter to you what I say about them.

You mentioned today you were not in the zone -- is this a 'method/signal' issue or an 'execution' issue? I'd like to know more about what guidelines you've setup in your trading plan that help you deal with being "not in the zone", and what to do about it.

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:
 
  #38 (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


Big Mike View Post
Locust, you asked for feedback so here is mine so far. I like the simple nature of your charts. I don't understand your method or your signals, so can't comment nor should it really matter to you what I say about them.

You mentioned today you were not in the zone -- is this a 'method/signal' issue or an 'execution' issue? I'd like to know more about what guidelines you've setup in your trading plan that help you deal with being "not in the zone", and what to do about it.

Mike

Itīs never one of them.
My signals and strategies are automated and long enough live traded, that I trust them to a big extend.

Me not being in the zone, is probably a common problem for all traders, things in ones personal live that you have to deal with. e.g. an argument with the wife, a close friend telling you he seriously ill..........

If it is something that forces you to leave the screen, good,
but if it is something that just occupies your mind, it is a tough call, to stay and potentially make some money or leave anyway and save yourself from making a loss.

I like to trade "by hand" on top of my strategies and even though being fully aware of the facts, i still make the wrong call from time to time. Being aware of it, makes it even more annoying, as a youngster i would have just called it a bad day and kicked some dustbins. Now i kick myself, because i should have known better.


Locust


Reply With Quote
The following 2 users say Thank You to Locust for this post:
 
  #39 (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

Waiting

Looking at the enormous move we have had in the equities, bonds, prec. metals and the US$, the analyst and papers are now talking about the year-end-rally, no investment alternatives and how far the markets might go..........

In my experience, the moment the crowd agrees on the direction, it will soon go the other way.
No point catching the falling knife or standing in front of the train, but for me the time to stand on the sidelines and wait for the signs.

The only buying opportunities out there at the moment are 6 month gamma/volatility and some US$ ( for some early christmas shopping :-)) )

In the meantime, going to work more on my "hft" ideas.


Locust



Last edited by Locust; October 7th, 2010 at 07:10 AM.
Reply With Quote
The following 2 users say Thank You to Locust for this post:
 
  #40 (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: 46,240 since Jun 2009
Thanks: 29,355 given, 83,237 received


Locust, I agree. A while back I posted a poll asking if the market would hit 900 before 1200 or something like that (its in the polls section). Majority of people said market will go lower first.

My feeling is if the majority of people are bearish, yet market is moving higher, then there is going to be a big short squeeze. I feel if their sentiment is bearish then they've already taken bearish-type action, and the market could not be pushed down, so that means the market will likely move higher.

But, I am not a fundamental trader, I trade what I see. It's just fun to speculate on the side.

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

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 07:28 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 0.14 seconds with 20 queries on phoenix via your IP 54.163.209.109