$100.00 A Day... - Trading Journals | futures io social day trading
futures io futures trading


$100.00 A Day...
Updated: Views / Replies:13,472 / 78
Created: by HJay Attachments:64

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
 64  
 
Thread Tools Search this Thread
 

$100.00 A Day...

  #21 (permalink)
Elite Member
Concord, NH USA
 
Futures Experience: Intermediate
Platform: Ninja trader
Broker/Data: AMP/CQG
Favorite Futures: ES
 
jdella's Avatar
 
Posts: 182 since Jun 2009
Thanks: 134 given, 110 received

Hjay, are you using the default settings on the trend bars?

thanks

Reply With Quote
 
  #22 (permalink)
Membership Temporarily Revoked
USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus/Zen-Fire
Favorite Futures: futures
 
HJay's Avatar
 
Posts: 197 since Aug 2009
Thanks: 94 given, 171 received

10/01: +$115.00

Tried to watch the 6E only today as I have been cut early and often with the FDAX. Love the movement but the rapid swings at times can be just to difficult to harness for me at this time.

You will notice there is a new paint bars on the chart today. I decided to try out Sharky's new EMA Color Paint that he released yesterday (See Jeff's "All You Need Thread") . My initial reaction is I like them. I am still getting use to them and not sure what my final view will look like (whew, good thing I reserved the right to tweek this thing - see 1st post )

1st Trade: In retrospect, (you know you are about to describe a loser whenever you start with these words)... I joined late to the party. The real entry for this play was at 05:58 and not at 06:17 when I took it. Bottom line I got filled at the very lowest point, not a single tick of profit, and exited with one of the single largest losses at (-9 ticks)..Next and move on.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


2nd Trade: For as bad as the 1st trade was, this one was equally good. I had drawn a trend line and was watching it retrace back to it. We were not too far from the lows and I felt if this trend line broke it might make a run for the lows. It could not have played out better. As I realized not a single tick of profit in the 1st trade, I felt not a single tick of heat on this one. It moved steadily down toward the lows and even made new lows. I exited after a small retracement back up. End result, I covered the losses from the 1st trade and met my goal for the day.. Now for some coffee


Last edited by HJay; October 1st, 2009 at 03:19 PM.
Reply With Quote
The following user says Thank You to HJay for this post:
 
  #23 (permalink)
Elite Member
NJ
 
Futures Experience: None
Platform: NinjaTrader
 
Posts: 7 since Aug 2009
Thanks: 1 given, 0 received

RangeNoGap


Can some one please post the RangeNoGap?
I tried searching the forums but could not find it.

Thanks a bunch!

Reply With Quote
 
  #24 (permalink)
 Vendor: www.innovative-trading-solutions-online.com 
Hartford, CT. USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: AMP/CQG, Kinetick
Favorite Futures: TF
 
RJay's Avatar
 
Posts: 677 since Jun 2009
Thanks: 726 given, 740 received


menlo View Post
Can some one please post the RangeNoGap?
I tried searching the forums but could not find it.

Thanks a bunch!

Its in the MISC download area. " NoGapRangeBars "


Last edited by RJay; October 1st, 2009 at 03:34 PM.
Reply With Quote
 
  #25 (permalink)
Membership Temporarily Revoked
USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus/Zen-Fire
Favorite Futures: futures
 
HJay's Avatar
 
Posts: 197 since Aug 2009
Thanks: 94 given, 171 received

10/02: +$72.50

Sorry for the late post today. I spent the better part of the morning playing with the longer time frames/ranges along with the shorter ranges I had been using. End result, a lot of confusion and larger stops.

I came to the conclusion once again that I am more comfortable looking at the shorter range (2) and using other indicators on that chart to show me the bigger trend. The good news is the adjustments I made today should help me going into next week.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


UPDATE: I found the EMA 20 Period was not long enough and therefore would flip sides too often. I since changed that to 50 Period and it seems to better identify when and which direction to trade and when to stay on the side lines.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Last edited by HJay; October 2nd, 2009 at 02:44 PM.
Reply With Quote
The following 3 users say Thank You to HJay for this post:
 
  #26 (permalink)
Membership Temporarily Revoked
USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus/Zen-Fire
Favorite Futures: futures
 
HJay's Avatar
 
Posts: 197 since Aug 2009
Thanks: 94 given, 171 received

10/05: +$172.50

I'll come back later at Lunch and type in the details. Got to run to get my son off to school and then to work. For now here are the screen shots.

UPDATE: I worked this weekend on a money management plan. I have known all along that multiple contracts is optimal. I never really got that far before as I felt I needed to be comfortable with a trading set up first. For the moment I have settled in on the following. (2) contracts entered at the same time. Stop is originally set at (-5) ticks for both. I know this sounds too small, and ultimately may be however my logic in thinking is that using a (2) Range bars means that (-5) moves more than 2 bars against me which more than likely means a color change anyway.

The target for the 1st contract is +3. I have read in numerous places that it is a good idea to take a quick profit on the 1st contract and slide the stop up on the other. At +4 (I have tried the slide at +3 but too many times that price gets hit, but I don't get filled and end up stopping out on both contracts on the slide), I slide the stop from (-5) to (-2). This way I have almost assured myself of atleast a B/E trade. At +5, I slide the stop up to +1 and there is where I leave it until exit. At this point I manually manage the trade and look to exit at an R/S point, or a New Hi/Lo.

Trade #1: The first thing I glance at when I bring up the chart is the 160 WMA. If it is flat that is a very good sign that the market is chopping. I am really looking for a deep slope one way or the other before getting interested. Deep slope means one side or the other is in panic mode and it seems that is where the money is made. One thing I am experimenting with based on the "All You Need" thread is having a Moving Average dashboard of a longer range (9 Range) visible to me at all times. This really helps me to stay on the right side of the longer range trend. When the 50 EMA and the 10 HMA are the same color then and only then will I turn to the shorter 2 Range chart.

Having never used the ATM I created I ran into problems when I entered my first trade. Price broke down below the 160 and started moving south. I should have been out of the play and done for the day on the 1st trade but my ATM kicked me out early. Still +$80.00 almost there.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Trade #2: I took one other tip from Jeff's "All You Need" thread over the weekend and placed R/S lines on my chart based on previous days/weeks price action. I am glad I did that as price respected one of the lines I had just placed. This entry was based on a bounce of one those R/S lines. Again I had trouble with my ATM but still got enough of the play that met my goal. As it turned out that was right where the price would reverse so it all worked out fine in the end.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Last edited by HJay; October 5th, 2009 at 03:51 PM.
Reply With Quote
The following 3 users say Thank You to HJay for this post:
 
  #27 (permalink)
Membership Temporarily Revoked
USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus/Zen-Fire
Favorite Futures: futures
 
HJay's Avatar
 
Posts: 197 since Aug 2009
Thanks: 94 given, 171 received

10/06: (-$142.50)

1 step forward, 2 steps back.. Not a good day overall as there was no follow through on any of the trades I entered. (2) winners and (3) losers. The 2 winners went for a total of 4 ticks before reversing. So I cashed in on the 1st target and then stopped out B/E on the 2nd contract. Throw in a few losers and you can see how this can be a losing formula.

Had I just followed the "9 Range Dashboard" and stayed out as it indicated I should I could have prevented this mess.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
The following user says Thank You to HJay for this post:
 
  #28 (permalink)
Elite Member
Frankfurt
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: FGBL 6E B4
 
max-td's Avatar
 
Posts: 1,754 since Jun 2009
Thanks: 2,309 given, 917 received

hi Hjay,
i really like your journal + the setup.
i hope you get it run with this fast Trailstop - i bet it will !
i agree with that.

the small timeframes dont give you very big runs - so you have to take what you can +
prevent biger loosers -
as you say -- after 2 candels against you, you have + you have to go out.

this is trading pushes and not riding big trends.
looking forward to the evolution
ThanX

max-td
Reply With Quote
The following user says Thank You to max-td for this post:
 
  #29 (permalink)
Membership Temporarily Revoked
USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus/Zen-Fire
Favorite Futures: futures
 
HJay's Avatar
 
Posts: 197 since Aug 2009
Thanks: 94 given, 171 received

10/07: +$85.00

Thanks for the comments Max!

Well as far as set up and price action today should have been much easier than yesterday. However factor in the human element, me specifically, and things didn't actually go as planned. In truth I was experimenting this morning with a little longer range to help prevent some of that whipsaw. Also, I started the session earlier as suggested by sefstrat. Boy what a difference in volume, follow through, and just overall participation at 4:00 as compared to 6:00 or 6:30. The hard part is moving my schedule even earlier..hmmm..got to think on that one.

Trades: Far Too many to list so I will just post a chart of what I have been looking at and what seems to be a nice set up off of the discussions from TRO. As you can see it was 100% money today, and really very high success rate from what I have seen since TRO introduced it to this board. One could almost make this a bread and butter play.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
 
  #30 (permalink)
Member
USA
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: IB
Favorite Futures: ES
 
Jugador's Avatar
 
Posts: 163 since Jul 2009
Thanks: 67 given, 51 received



HJay View Post
Trades: Far Too many to list so I will just post a chart of what I have been looking at and what seems to be a nice set up off of the discussions from TRO. As you can see it was 100% money today, and really very high success rate from what I have seen since TRO introduced it to this board. One could almost make this a bread and butter play.

HJay, enjoying your journal!

Had a question...On those "higher high/lower low" scalp trades, how are you deciding when to enter?

Reply With Quote

Reply



futures io > > > $100.00 A Day...

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
Webinar: Trading the Session - Indicators Explained; Sunday July 31, 2:00 PM EST Fat Tails The Elite Circle 98 March 25th, 2015 03:13 PM
effect of gains and losses of previous day on next day tradersam Psychology and Money Management 2 May 18th, 2011 04:35 PM
Calculate GAP (Close of Prior Day, Open of Current Day) bluemele NinjaTrader Programming 16 January 19th, 2011 10:19 PM
Oscillator 0 - 100 zeller4 NinjaTrader Programming 4 September 14th, 2009 09:27 AM


All times are GMT -4. The time now is 08:40 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 2017-12-16 in 0.17 seconds with 20 queries on phoenix via your IP 54.160.245.121