My path of becoming a trader - futures io
futures io



My path of becoming a trader


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one kingich with 91 posts (61 thanks)
    2. looks_two Big Mike with 5 posts (6 thanks)
    3. looks_3 Eric j with 2 posts (1 thanks)
    4. looks_4 Robertczeko with 2 posts (1 thanks)
      Best Posters
    1. looks_one Big Mike with 1.2 thanks per post
    2. looks_two Bermudan Option with 1 thanks per post
    3. looks_3 kingich with 0.7 thanks per post
    4. looks_4 Robertczeko with 0.5 thanks per post
    1. trending_up 13,852 views
    2. thumb_up 71 thanks given
    3. group 5 followers
    1. forum 102 posts
    2. attach_file 129 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 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
 

My path of becoming a trader

(login for full post details)
  #51 (permalink)
 kingich 
Zagreb, Croatia, Europe
 
Experience: Beginner
Platform: Dukascopy
Broker: Dukascopy SA
Trading: forex
 
Posts: 110 since Jan 2011
Thanks: 55 given, 71 received


bobarian View Post
what type of volume and spread is typical?

Hi bobarian,

Spread is 3 pips. For the volume, I don't know really. I'd say not much, if 60 % is EUR/USD, also other majors take great part, and volume on this crosses isn't big, but they follow main markets, as they're correlated.

I was debating also with trading such strange pairs like EURGBP or GBPAUD, CHFJPY ... but sometimes I can spot something I don't really see on majors.

Thanks for reading,

Cheers,

ivan

The markets are non-linear, dynamic systems. Chaos analysis has determined that market prices are highly random with a trend component. The amount of the trend component varies from market to market and from time frame to time frame.

Manus J. Donahue III
Visit my futures io Trade Journal Started this thread Reply With Quote

Can you help answer these questions
from other members on futures io?
futures contract specs
NinjaTrader
Coding first profitable weekly open
Elite EasyLanguage Algorithmic Trading
TO ALL
Traders Hideout
how to avoid these type of trades in algo
NinjaTrader
Store value in variable when emas crossover easy language
EasyLanguage Programming
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Spoo-nalysis ES e-mini futures S&P 500
61 thanks
Why dont people trade 150 ES contracts?
38 thanks
Any long term success stories from funded traders in the …
26 thanks
How to work on strategy
26 thanks
How to avoid wiping out the accounts?
18 thanks
 
(login for full post details)
  #52 (permalink)
 kingich 
Zagreb, Croatia, Europe
 
Experience: Beginner
Platform: Dukascopy
Broker: Dukascopy SA
Trading: forex
 
Posts: 110 since Jan 2011
Thanks: 55 given, 71 received

Stopped out from EURGBP short.

Don't have any new trade, only trade ideas if MACD changes polarity.

AUDUSD is hoovering around 800 SMA on 4h chart. Will see if it's going to rebounce from that.

EURJPY hit it's 800 SMA also. Long trades when divergence occur or MACD turnes positive.

GBPCHF is 2 standard deviation south from 800 SMA. It's also overextended, broken it's daily S3. Also no trades at the moment, but looking for longs (short covering rally).

Best regards,

ivan

The markets are non-linear, dynamic systems. Chaos analysis has determined that market prices are highly random with a trend component. The amount of the trend component varies from market to market and from time frame to time frame.

Manus J. Donahue III
Attached Thumbnails
Click image for larger version

Name:	audusd.gif
Views:	77
Size:	29.3 KB
ID:	33919   Click image for larger version

Name:	eurjpy.gif
Views:	69
Size:	27.2 KB
ID:	33920   Click image for larger version

Name:	gbpchf.gif
Views:	85
Size:	27.2 KB
ID:	33921  
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to kingich for this post:
 
(login for full post details)
  #53 (permalink)
 kingich 
Zagreb, Croatia, Europe
 
Experience: Beginner
Platform: Dukascopy
Broker: Dukascopy SA
Trading: forex
 
Posts: 110 since Jan 2011
Thanks: 55 given, 71 received


Nothing from reversals I've posted, yet.... market is just one way street. Sorry for people of Japan, situation is just getting worse, I hope we'll hear some good news soon.

I've taken 2 trades,

First is GBPUSD long @ 1.59984, SL 1.59400 (58 pips), TP 1.62000 (202 pips)

GBPUSD is resting on 4h longer term support line, I think it will hold it.

After stopping out, I've entered again on EURGBP short, @ 0.86696, SL 0.87150 (45 pips), TP 0.85800 (90 pips).

This is my regular trading setup. We'll see this time.

Best regards,

The markets are non-linear, dynamic systems. Chaos analysis has determined that market prices are highly random with a trend component. The amount of the trend component varies from market to market and from time frame to time frame.

Manus J. Donahue III
Attached Thumbnails
Click image for larger version

Name:	gbpusd.gif
Views:	67
Size:	35.8 KB
ID:	34042   Click image for larger version

Name:	eurgbp.gif
Views:	58
Size:	29.8 KB
ID:	34043  
Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to kingich for this post:
 
(login for full post details)
  #54 (permalink)
 kingich 
Zagreb, Croatia, Europe
 
Experience: Beginner
Platform: Dukascopy
Broker: Dukascopy SA
Trading: forex
 
Posts: 110 since Jan 2011
Thanks: 55 given, 71 received

Hi my trader friends,

I'd like to thank Big Mike and Robert for reading me, and lefting thanks's.

I'm stopped out on EURGBP, but GBPUSD is +100 at the moment, hopefully it will continue up. I'm thinking of that I've put my profit target too high, at 1,62, but cannot change it until I get home from work, what will be for another 8 hours...

Technically, it's above previous highs, and shouldn't put my TP there, but around 1,6170 somewhere. As market is too volatile I'm avoiding yen pairs this week...

Good luck all,

best regards,

The markets are non-linear, dynamic systems. Chaos analysis has determined that market prices are highly random with a trend component. The amount of the trend component varies from market to market and from time frame to time frame.

Manus J. Donahue III
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #55 (permalink)
 kingich 
Zagreb, Croatia, Europe
 
Experience: Beginner
Platform: Dukascopy
Broker: Dukascopy SA
Trading: forex
 
Posts: 110 since Jan 2011
Thanks: 55 given, 71 received


The markets are non-linear, dynamic systems. Chaos analysis has determined that market prices are highly random with a trend component. The amount of the trend component varies from market to market and from time frame to time frame.

Manus J. Donahue III
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to kingich for this post:
 
(login for full post details)
  #56 (permalink)
 kingich 
Zagreb, Croatia, Europe
 
Experience: Beginner
Platform: Dukascopy
Broker: Dukascopy SA
Trading: forex
 
Posts: 110 since Jan 2011
Thanks: 55 given, 71 received

Hi my trader friends!

I'm looking to buy AUDUSD, there is a slight divergence on MACD and break of unsustainable downtrend. Targeting area between 50-100 SMA.

Exact entry I'll post when I come home and open trading station.

Other two are potential setups, but no entry at the moment. Just to have them in mind.

The markets are non-linear, dynamic systems. Chaos analysis has determined that market prices are highly random with a trend component. The amount of the trend component varies from market to market and from time frame to time frame.

Manus J. Donahue III
Attached Thumbnails
Click image for larger version

Name:	audusd.png
Views:	68
Size:	45.0 KB
ID:	34131   Click image for larger version

Name:	euraud.png
Views:	64
Size:	37.1 KB
ID:	34132   Click image for larger version

Name:	eurcad.png
Views:	60
Size:	45.2 KB
ID:	34133  
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to kingich for this post:
 
(login for full post details)
  #57 (permalink)
 kingich 
Zagreb, Croatia, Europe
 
Experience: Beginner
Platform: Dukascopy
Broker: Dukascopy SA
Trading: forex
 
Posts: 110 since Jan 2011
Thanks: 55 given, 71 received

GBPUSD long position closed +135 pips. It stopped between 50-100 SMA on 4h chart, seems like forming a flag (on 1h TF can be seen better), but I've decided to exit. Initial TP was 200 pips, which was quite far away.

We'll see if I made a good call.

The markets are non-linear, dynamic systems. Chaos analysis has determined that market prices are highly random with a trend component. The amount of the trend component varies from market to market and from time frame to time frame.

Manus J. Donahue III
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to kingich for this post:
 
(login for full post details)
  #58 (permalink)
 kingich 
Zagreb, Croatia, Europe
 
Experience: Beginner
Platform: Dukascopy
Broker: Dukascopy SA
Trading: forex
 
Posts: 110 since Jan 2011
Thanks: 55 given, 71 received

Last weeks recap:

EURGBP - 55
EURGBP - 45
GBPUSD + 135

TOTAL + 35 pips

I'm looking forward to post some analysis afterwards.

The markets are non-linear, dynamic systems. Chaos analysis has determined that market prices are highly random with a trend component. The amount of the trend component varies from market to market and from time frame to time frame.

Manus J. Donahue III
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to kingich for this post:
 
(login for full post details)
  #59 (permalink)
 kingich 
Zagreb, Croatia, Europe
 
Experience: Beginner
Platform: Dukascopy
Broker: Dukascopy SA
Trading: forex
 
Posts: 110 since Jan 2011
Thanks: 55 given, 71 received

EURUSD is mainly driven by Japan and Lybia issue. To me it looks like trend exhaustion. I would be selling if it breaks the black trendline.

EURJPY is going sideways for quite some time. I would be looking for a buy, on the breakout of black line, @ 116. Otherwise, sell when continuation of the movement can be seen.

The markets are non-linear, dynamic systems. Chaos analysis has determined that market prices are highly random with a trend component. The amount of the trend component varies from market to market and from time frame to time frame.

Manus J. Donahue III
Attached Thumbnails
Click image for larger version

Name:	eurusd_4h.gif
Views:	74
Size:	28.2 KB
ID:	34382   Click image for larger version

Name:	eurjpy_1d.gif
Views:	60
Size:	35.1 KB
ID:	34383  
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to kingich for this post:
 
(login for full post details)
  #60 (permalink)
 kingich 
Zagreb, Croatia, Europe
 
Experience: Beginner
Platform: Dukascopy
Broker: Dukascopy SA
Trading: forex
 
Posts: 110 since Jan 2011
Thanks: 55 given, 71 received


GBPUSD looks to me like in a second phase of the uptrend. Quite strong, too bad I haven't held it till the end but closed it early.

EURCHF is in downtrend. Don't know what smart can I say, on daily chart...but wait to see end of that triangle.

EURGBP seems strong, it's in third phase of the uptrend. Exhaustion could be comming.

AUDUSD broke the third and the second uptrend phase, correction to the first is inevitable. We could see it @ 0,9550 before continuation of the trend.

That's my daily analysis. Standard 4h chart setup for entries will be comming!



The markets are non-linear, dynamic systems. Chaos analysis has determined that market prices are highly random with a trend component. The amount of the trend component varies from market to market and from time frame to time frame.

Manus J. Donahue III
Attached Thumbnails
Click image for larger version

Name:	gbpusd.gif
Views:	62
Size:	30.6 KB
ID:	34384   Click image for larger version

Name:	eurchf.gif
Views:	63
Size:	27.5 KB
ID:	34385   Click image for larger version

Name:	eurgbp.gif
Views:	78
Size:	32.2 KB
ID:	34386   Click image for larger version

Name:	eurcad.gif
Views:	57
Size:	29.1 KB
ID:	34387   Click image for larger version

Name:	audusd.gif
Views:	62
Size:	30.4 KB
ID:	34388  
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to kingich for this post:


futures io Trading Community Trading Journals > My path of becoming a trader


Last Updated on May 2, 2012


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2021 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