TF day trading - futures io
futures io



TF day trading


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one bluemele with 759 posts (1,373 thanks)
    2. looks_two vovan348 with 99 posts (57 thanks)
    3. looks_3 HighRise1202 with 77 posts (21 thanks)
    4. looks_4 Big Mike with 43 posts (74 thanks)
      Best Posters
    1. looks_one bluemele with 1.8 thanks per post
    2. looks_two Big Mike with 1.7 thanks per post
    3. looks_3 PandaWarrior with 1.6 thanks per post
    4. looks_4 vovan348 with 0.6 thanks per post
    1. trending_up 189,698 views
    2. thumb_up 1,786 thanks given
    3. group 65 followers
    1. forum 1,324 posts
    2. attach_file 239 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 150,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

(If you already have an account, login at the top of the page)

 
Search this Thread
 

TF day trading

(login for full post details)
  #251 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,839 received


cory View Post
I try to maintain around 5 all the time, 4 sometimes, 6 sometimes.

Not a bad way to be. Dalai Lama?

I need to start meditating more. When I choose to I will.

Visit my futures io Trade Journal Started this thread Reply With Quote

Can you help answer these questions
from other members on futures io?
Tips for directional bias during Asian Session?
Traders Hideout
value chart indicator by sim22
NinjaTrader
need help with easy language OR breakout code:)
Traders Hideout
mahDualCandlePattern
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Spoo-nalysis ES e-mini futures S&P 500
44 thanks
How many day traders are profitable?
29 thanks
Why you should move from futures to forex
15 thanks
Attached Orders
13 thanks
fx "traders" hate real profitable traders
8 thanks
 
(login for full post details)
  #252 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,839 received

I have been doing some more research.

So far, from 21:00 to 24:00 (9pm to Midnight) Hawaii Standard Time (GMT -10:00) the volume and range is available on the FDAX & 6E.

I may also check 6B, 6J etc..

What I found to be most interesting is that from 7am - 9am have been the biggest volumes and most range for TF, CL & GC.

The market dynamic has changed a bit since I remember for quite a while the market would just about die out from 1pm EST to almost closing. It seems that most of the trading is the strongest at those times. Area's are of course important, but if volume and range are strongest, then I would probably be best suited to trade in those time frames.

If I stay up to trade till Midnight, then I could get some sleep and trade again at 7am? Midnight would be a bit late, but I would think from 9:30pm - 11:30pm in the winter time and 8:30pm - 10:30pm in the summer time is very possible. Then, 7am - 9am in the winter time & 6am - 8am in the summer time.

I wonder if these times will change dependent upon market conditions or if Daylight savings plays a big roll or not. I remember I read quite a few studies back a while on currencies and SUN/MON are terrible to trade for trends and TUE/WED/THU are the best (American times).

FDAX is an amazing monkey, but I do not feel the aptitude to trade that one yet. I could also choose to trade at just 7am EST? hmmm.

Lot's to think about.

Attached Thumbnails
Click image for larger version

Name:	1.jpg
Views:	160
Size:	503.8 KB
ID:	31409  
Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to bluemele for this post:
 
(login for full post details)
  #253 (permalink)
 booker777 
Augusta, GA
 
Experience: Advanced
Platform: NT
Trading: ES, TF
 
Posts: 94 since Feb 2011
Thanks: 35 given, 20 received


Thanks again Blue for all your journal posts. Really appreciate it and look forward to following you. I sending you a PM if you dont mind because i dont want to clog this thread up with questions about your system.

Reply With Quote
 
(login for full post details)
  #254 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,839 received


booker777 View Post
Thanks again Blue for all your journal posts. Really appreciate it and look forward to following you. I sending you a PM if you dont mind because i dont want to clog this thread up with questions about your system.

No worries. I think there was the post in the Vendor section that would probably be best suited for questions as others can chime in also.

Replied to your message.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #255 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,839 received

Today I traded both GC & 6E. I waited for nice separation and a decent area and just looking for 2+ points. Even though I didn't wait on the trades to work themselves out, I was still more patient because I let quite a few minutes pass due to trading after hours.

Due to the instability of the markets (Libya, Tunisia, Egypt, who else?) then I decided to call it quits and be happy with my profits. You can see that my GC and 6E trade were heading for more, but time to hit the rack.

I will trade market open TF and others dependent upon how they look. I think I will stay clear of CL & FDAX for now as those seem to be moving a bit too much for my small stops. If I do trade CL, it would be 1 contract.

(6E, DAX, CL and all seem to be dropping right as I post this)

Video


Attached Thumbnails
Click image for larger version

Name:	Untitled.jpg
Views:	131
Size:	165.5 KB
ID:	31505  
Visit my futures io Trade Journal Started this thread Reply With Quote
The following 3 users say Thank You to bluemele for this post:
 
(login for full post details)
  #256 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,839 received

Ok, like aztrader, I was a bit nervous waking up into today. The markets moved pretty big last night, so I figured being a bit cautious was in order.

I wouldn't call it fear, but more of a "Let's not be irresponsible". Maybe an affirmative to this would be "Let's do what it takes and be aware".

TF moved today in the open like I haven't seen it in quite a while. Well, at least in the direction of "DOWN". haha...

So, of course I didn't take it as I have learned that shorts are a dangerous direction to take in the last few weeks. Really though because it was not an area in which I felt good about. Doing my best to focus on only 3 trades and 76% retracements and 100% ext or double tops, PA type entries.

I have been enjoying AZtrader's somewhat mechanical system. CL moves so much it is really interesting to watch! 70 points yesterday! Nice.

I was a bit too cautious to make any money today and I probably could have chosen to just watch. My arrows did better than my real trades.

Trades:

1. -5 ticks, This was a deep retrace on the small pivot I believed. I expected it to head up quite a bit, but it was pretty strong down.

2. -5 ticks, This was just past a double bottom and I liked the MACD's, as I saw a nice long coming. I was not patient enough.

3. -2 ticks, This was what I thought a double bottom entry, looked decent, but more down.

4. No Fill, I had several areas lined up here. I guess it didn't like them.

5. +10 ticks, This was a short not in the best area. Lots of price action, but no real area. Not the best trade.

Seems like it was just missing my areas. I think the pivot at just after the open for the long was the real 23% retracement and I was watching for it to head back up to a deep retrace and then short again, but it never made it there. At least not yet.

Aloha!

Review Vid


Full Vid

Attached Thumbnails
Click image for larger version

Name:	1.jpg
Views:	134
Size:	127.8 KB
ID:	31541  
Visit my futures io Trade Journal Started this thread Reply With Quote
The following 4 users say Thank You to bluemele for this post:
 
(login for full post details)
  #257 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,839 received

This would have been and can be my trade.


Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #258 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,839 received

Wow, I hit a perfect run last minute on the FDAX! It was a beatiful setup with divergence, separation, area....

I was feeling short on the 6E so I took a bunch of trades and probably could have been more patient, but boy did it range.

1.5 hours and it moved 1.5 points! Maybe this time to trade isn't going to work. FDAX was brilliant though.

6E:
1. +.1 points, Nice entry comfortable, long term saying short.

2. -.2 points, Thought this was a pivot for more down due to long term.

3. -.6 points, same, but probably not a good trade considering smaller time frames MACD's.

4. -.3 points, same, seeing short, hit my area, but put in small stop and knocked out.

5. +1 point, Ok, I was patient! I waited. It hovered for the next hour, then broke out and hit my target. Had I been patient, Add another 1.3 x 2 PLUS last contract still waiting for a hit at +2.5 points!

FDAX:

1. +3.3 points, Perfect setup, 61% retracement area, divergence on most MACDBB's. Huge Separation.

I was down (84.50) trading 6E, but I saw the pivot, it was a nice one for at least 2.5 points. I just didn't have the patience to wait it out. My loss.

Dax was traded with 3 contracts. I would not do that and 1 would be all I would trade. However, that still would have put me at +250.00 for the day or +.8 points per contract for the day. Not great, but not terrible considering my eyes are burning out of my head.

6E
[yt][/yt] (long video, coming soon)

FDAX

Visit my futures io Trade Journal Started this thread Reply With Quote
The following 4 users say Thank You to bluemele for this post:
 
(login for full post details)
  #259 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,839 received

I woke up this morning and took a few trades on CL, 6E and TF.

Ended up -5.00 after commissions, as market was pumping up and down and didn't get any sustained moves without too much effort.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #260 (permalink)
 Trankuility 
California
 
Experience: Intermediate
Platform: FxTrade/Ninjatrader
Broker: Oanda/MBT
Trading: Eur/Usd
 
Trankuility's Avatar
 
Posts: 269 since Jan 2011
Thanks: 54 given, 151 received



DavidHP View Post
Just my 2cents.

If I were you I would consider 6E. The London session opens at 2 am central for me. For you that should be about 9-10 pm. That would give you most of what you are seeking.

6E moves well at the London Open.
It is very liquid and moves very technically.
The margins are favorable as are the returns per tick.
6E obeys fibs and trendlines very well most of the time.
CL can usually be used as a leading indicator. (but not always in the same direction.)

I have not followed you for long but picking a few great trades and not overtrading is a better plan.

Good Luck


Big Mike View Post
Waking up at 3am may prove very difficult, especially since you have a family. I detected a bit of "cringe" when you wrote it, like you know how impossible it may be.

Set yourself up for success, not failure --- so I'd suggest either finding a different instrument or focusing on a different time of day for your desired instrument, so that you can wake up at a comfortable hour.

Give it some thought, I'd encourage you to do whichever one seems the most natural to you.

BTW, if you haven't already -- check out the win a free iPad or Tablet contest for maintaining a trading journal on futures.io (formerly BMT):


Mike


bluemele View Post
David, This may be a great plan. I used to trade Forex at the London Open and it worked beautifully for me. Maybe I will try it this week and see how it goes. I had forgotten that I did that. 6E is something I have not traded a lot of, but EURUSD a ton. I am a big fan of the GBPJPY, which I do not believe there to be a contract type or any liquidity of something like that in futures.

I was going to mention the same thing. Trade the Euro open. But I see it was mentioned already. I have a similar challenge to you, with being up early for the open. I'm in California. Funny though, the other day my girlfriend asked, "Do you HAVE to wake up so early??" And I replied, "For now, yeah. Someday if we move to Europe or Asia then it will be much easier. But hey, at least we don't live in Hawaii. That would be the worst timezone to live in!". And then today I read your journal and see that you're in Hawaii, haha. But yeah, I feel your pain on getting up early. They need to make an exchange on the west coast!

Visit my futures io Trade Journal Reply With Quote


futures io Trading Community Trading Journals > TF day trading


Last Updated on July 12, 2012


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2022 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), 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