Blz Trading - Trading Journals | futures io social day trading
futures io futures trading


Blz Trading
Updated: Views / Replies:9,382 / 48
Created: by Blz17 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 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
 28  
 
Thread Tools Search this Thread
 

Blz Trading

  #41 (permalink)
Elite Member
Seattle
 
Futures Experience: Beginner
Platform: NinjaTrader Interactive Brokers
Favorite Futures: 6B
 
Posts: 225 since Jun 2009
Thanks: 135 given, 266 received

Thanks for all the good wishes for my wife, she's doing better but still recovering. Fortunately nothing life threatening but just in some pain. Been a bit busy with that and holiday things so haven't had much time to update the journal. Plus, I'm still working on hashing out some rules on my entries. I've finished the Ross Hook book (I'm officially a hooker) and am working on some of the subtle nuances he hits on in that book that I believe make a big difference. I'm also working on incorporating some of cclys volume ideas into my approach as well.

Hopefully I'll have some charts and more detailed updates in the next day or two.

Blz

Reply With Quote
The following user says Thank You to Blz17 for this post:
 
  #42 (permalink)
Elite Member
Seattle
 
Futures Experience: Beginner
Platform: NinjaTrader Interactive Brokers
Favorite Futures: 6B
 
Posts: 225 since Jun 2009
Thanks: 135 given, 266 received

A Different Look At Price Action

So I was turned onto this idea from another trader. In essence it's price action trading but using a 6 Range chart rather then a minute chart. You can see where typical patterns occur (e.g. Ross Hooks, 123's, etc) and focus on support and resistance to note strength or weakness. Perhaps a nice focused way to watch price action and utilize good contract management (e.g. smaller stops yet giving runners a chance to run)

Blz

Attached Thumbnails
Blz Trading-6r_p...png  
Reply With Quote
The following 4 users say Thank You to Blz17 for this post:
 
  #43 (permalink)
Elite Member
Lagos, Nigeria
 
Futures Experience: Intermediate
Platform: NinjaTrader, SierraChart
Favorite Futures: Euro Currency & Oil
 
lolu's Avatar
 
Posts: 2,440 since Jun 2009
Thanks: 999 given, 1,595 received



Blz17 View Post
So I was turned onto this idea from another trader. In essence it's price action trading but using a 6 Range chart rather then a minute chart. You can see where typical patterns occur (e.g. Ross Hooks, 123's, etc) and focus on support and resistance to note strength or weakness. Perhaps a nice focused way to watch price action and utilize good contract management (e.g. smaller stops yet giving runners a chance to run)

Blz

Simple & Sweet !!!!!!

What MA do you have on the chart ?

Lolu

Reply With Quote
 
  #44 (permalink)
Elite Member
Seattle
 
Futures Experience: Beginner
Platform: NinjaTrader Interactive Brokers
Favorite Futures: 6B
 
Posts: 225 since Jun 2009
Thanks: 135 given, 266 received


lolu View Post
Simple & Sweet !!!!!!

What MA do you have on the chart ?

Lolu

Glad you like it lolu. The MA is actually propietary so I won't be sharing it however I believe the same idea can be achieved by using a WMA, Triple EMA, TS Supertrend, etc. Whole concept is trading support/resistance and price action but just using range bars to clean up the action a bit.

Hope that helps.

Blz

Reply With Quote
The following user says Thank You to Blz17 for this post:
 
  #45 (permalink)
Elite Member
Lagos, Nigeria
 
Futures Experience: Intermediate
Platform: NinjaTrader, SierraChart
Favorite Futures: Euro Currency & Oil
 
lolu's Avatar
 
Posts: 2,440 since Jun 2009
Thanks: 999 given, 1,595 received


Blz17 View Post
Glad you like it lolu. The MA is actually propietary so I won't be sharing it however I believe the same idea can be achieved by using a WMA, Triple EMA, TS Supertrend, etc. Whole concept is trading support/resistance and price action but just using range bars to clean up the action a bit.

Hope that helps.

Blz

I already have similar setups, one using WMA and the another using TSSuperTrend. I'm also using SbSRenko and pure (regular) Renko. The pure Renko is mostly on NT7Beta.

Thanks.

Lolu

Reply With Quote
 
  #46 (permalink)
Elite Member
Houston, TX
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: MBT
Favorite Futures: EUR/USD
 
Posts: 88 since Jun 2009
Thanks: 169 given, 70 received

Blz,

This is absolute perfection. I am happy for you because I know the journey it took to get here.

Reply With Quote
 
  #47 (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, 83,214 received

Hi Blz17,

Just wanted to pop in and say "thanks!", good job on the posts and journal, and keep it up.

Have you changed anything in your method as a result of this thread?

Have you learned more about your strengths and weaknesses, and applied some sort of plan or effort towards putting them in play as a result of this thread?

I'm asking a lot of journal writers the same questions, looking forward to the answers

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
 
  #48 (permalink)
Elite Member
Seattle
 
Futures Experience: Beginner
Platform: NinjaTrader Interactive Brokers
Favorite Futures: 6B
 
Posts: 225 since Jun 2009
Thanks: 135 given, 266 received

Thanks for the follow up Mike. I'm certainly learning some things about myself and my approach. I think the two biggest things I need to work on are being mentally prepared to take a loser and jump right back in on the next signal and making sure I give my runners room to run. I believe that for this particular approach the runners are of utmost importance.

I'm still tweaking and working on a few things with my approach though I'm trying to keep with the same general strategy. I was going to ask you Mike how do you get the envelope expansion bands to fit appropriately to 6B. I saw your 6E chart with them and it looked good. Whenever I try applying them to 6E/6B the bands are too far from the price action and they never get touched.

Thanks again for giving me some questions to think about. Lately, I have been incredibly busy and have not been unable to work on my trading hardly at all. I'm hoping to spend some time this weekend on it.

Blz


Big Mike View Post
Hi Blz17,

Just wanted to pop in and say "thanks!", good job on the posts and journal, and keep it up.

Have you changed anything in your method as a result of this thread?

Have you learned more about your strengths and weaknesses, and applied some sort of plan or effort towards putting them in play as a result of this thread?

I'm asking a lot of journal writers the same questions, looking forward to the answers

Mike


Reply With Quote
 
  #49 (permalink)
Trading for Fun
New York, NY
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Amp Futures/Zen-Fire
Favorite Futures: ES
 
Posts: 142 since Dec 2009
Thanks: 41 given, 83 received

Blz,

Very nice, well-documented trading journal. I had no idea you were this professional. Wait till I tell the rest of the forum what you're really like

Keep up the good work.

DS

Reply With Quote

Reply



futures io > > > Blz Trading

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
Blz 6E Trade Blz17 Trading Journals 5 June 26th, 2009 03:51 AM


All times are GMT -4. The time now is 10:20 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 2017-12-10 in 0.11 seconds with 20 queries on phoenix via your IP 54.221.73.186