bobs qwest to attain consistency - futures io
futures io



bobs qwest to attain consistency


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one bobarian with 783 posts (1,408 thanks)
    2. looks_two VinceVirgil with 31 posts (68 thanks)
    3. looks_3 Rrrracer with 22 posts (29 thanks)
    4. looks_4 PandaWarrior with 21 posts (45 thanks)
      Best Posters
    1. looks_one VinceVirgil with 2.2 thanks per post
    2. looks_two PandaWarrior with 2.1 thanks per post
    3. looks_3 bobarian with 1.8 thanks per post
    4. looks_4 Rrrracer with 1.3 thanks per post
    1. trending_up 117,120 views
    2. thumb_up 1,833 thanks given
    3. group 50 followers
    1. forum 1,025 posts
    2. attach_file 987 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
 

bobs qwest to attain consistency

(login for full post details)
  #301 (permalink)
 bobarian 
whitestone, new york
 
Experience: Intermediate
Platform: ninja trader
 
bobarian's Avatar
 
Posts: 1,995 since Oct 2010
Thanks: 5,258 given, 3,121 received


VinceVirgil View Post
Nicely done on the video. i see what you are looking at, and it I get what you are seeing. i took that trade on the candle at 9:10 as an early entry. The doji candle at the bottom I saw as a spike down, and the momentum on the bar is really, to me , a bull bar in reverse. I watched it real time come off the low, and unpaint the bear bar. Think about it. If the bar closed at the bottom, it would have been a long bull bar, which flew throough the close of the previous bear climax(which confirms an overshoot) so I took the trade fairly close to the close of that doji. Held on for the bear doji, and on the trade when it broke the EMA with authority.

I find the long bull tails on the bear bars are a little tricky. The overlap of the bars is a concern, because it tells me bulls and bears are evenly matched, even when it is on a slow trend down. The bull bar at 10:40 was a clue. I looked at that as a failure of the bears to take the market lower. Your oops looked like a second failure for the bears to take it lower, and for me, I would be thinking reversal. After 2 failures, I looked for it to do the opposite. I was also aware of the support from yesterday. Wasnt the best setup long for me, because of the overlapping bars prior. But, I would definately think short if that doji was a bear that closed lower and broke that resistance from yesterday. But those long bull tails...

See that...same chart, 2 different opinions...

Why didnt you take the trade at 9:10?

Regardless, nice work on this.

thanks Vance.the trade at 9:10 i just missed it.I saw it afterwards, as i am still getting used to the 5 min.I agree, tho, it is obvious.The entry for me would be a tick above the doji hi.I am a little confused on some of als descriptions of good reversal candles.This week, im hoping some clarity will creep in, as the i min has been difficult to look at.When i had the 4 range,and the 1 min, the confusion caused hesitation.Now ,the 1min and the 5 min is kinda doing the same thing, and i find myself not trusting the 1 min like i did.Is it me, or did the cl change in the last month?Regardless, last week, and today, the 1 min has just been confusing.Maybe i need new glasses!lol............Also, that trade at 11:10 was a scalp attempt...I thought we would douub bot, but we got a HL...which made sense..2 reasons..1st, strong reversal bar..2nd, strong support level

Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to bobarian for this post:

Can you help answer these questions
from other members on futures io?
Tips for directional bias during Asian Session?
Traders Hideout
mahDualCandlePattern
NinjaTrader
need help with easy language OR breakout code:)
Traders Hideout
value chart indicator by sim22
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)
  #302 (permalink)
 bobarian 
whitestone, new york
 
Experience: Intermediate
Platform: ninja trader
 
bobarian's Avatar
 
Posts: 1,995 since Oct 2010
Thanks: 5,258 given, 3,121 received

2/7/2012
tuesday
5 trades
-13 ticks net.
today, the 5 min cash ch indicated that we would fill the gap.With that said, if im going to trade the grinding channels, i need to trade with the grind trend, which should be with the trend.I had 2 trades that i thought were decent, however, 4 out of 5 trades today were shorts...thats not good.Bar 12 and 14 were such big long candles, i should have stopped shorting...so, the 4th trade was a mistake.And watch for those ema crosses.The 4th trade bounced off the asc 21ma, even if i didnt take a long, a short wasnt smart,basically being a 2 leg pb.

Attached Files
Register to download File Type: mp4 2 7 2012.mp4 (20.22 MB, 14 views)
Visit my futures io Trade Journal Started this thread Reply With Quote
The following 4 users say Thank You to bobarian for this post:
 
(login for full post details)
  #303 (permalink)
 bobarian 
whitestone, new york
 
Experience: Intermediate
Platform: ninja trader
 
bobarian's Avatar
 
Posts: 1,995 since Oct 2010
Thanks: 5,258 given, 3,121 received


i did my review, of my review, and decided another video would be necessary.The traps that i am mentioning, will probably be a 10 tick target, and they happen every day.The ema crosses seem to work nicely off a trap...we will keep watching.Imight just stick with shorts below 21 ma, longs above, unless a valid reason for a ct .

Attached Files
Register to download File Type: mp4 2 7 2012 TAKE 2.mp4 (6.46 MB, 11 views)
Visit my futures io Trade Journal Started this thread Reply With Quote
The following 4 users say Thank You to bobarian for this post:
 
(login for full post details)
  #304 (permalink)
 VinceVirgil 
Toronto, Canada
 
Experience: Advanced
Platform: NT
Broker: TD Ameritrade, Dorman/Zenfire
Trading: CL,ES
 
VinceVirgil's Avatar
 
Posts: 1,752 since Aug 2011
Thanks: 2,144 given, 9,222 received


bobarian View Post
2/7/2012
tuesday
5 trades
-13 ticks net.
today, the 5 min cash ch indicated that we would fill the gap.With that said, if im going to trade the grinding channels, i need to trade with the grind trend, which should be with the trend.I had 2 trades that i thought were decent, however, 4 out of 5 trades today were shorts...thats not good.Bar 12 and 14 were such big long candles, i should have stopped shorting...so, the 4th trade was a mistake.And watch for those ema crosses.The 4th trade bounced off the asc 21ma, even if i didnt take a long, a short wasnt smart,basically being a 2 leg pb.


I liked your commentary.

" I thought that was a big candle, till I saw the one up here! "

Gotta love those 65 tick candles....but only when you are on the right side of them.

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to VinceVirgil for this post:
 
(login for full post details)
  #305 (permalink)
 bobarian 
whitestone, new york
 
Experience: Intermediate
Platform: ninja trader
 
bobarian's Avatar
 
Posts: 1,995 since Oct 2010
Thanks: 5,258 given, 3,121 received


VinceVirgil View Post
I liked your commentary.

" I thought that was a big candle, till I saw the one up here! "

Gotta love those 65 tick candles....but only when you are on the right side of them.

Thanks Vance, today was just another learning day....counter trades gone silly.I feel the trades were there(as usual),but i see them in recap..so, if i keep plugging away, and reviewing the videos, over and over...maybe,i will see it in real time!!
*************

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to bobarian for this post:
 
(login for full post details)
  #306 (permalink)
 bobarian 
whitestone, new york
 
Experience: Intermediate
Platform: ninja trader
 
bobarian's Avatar
 
Posts: 1,995 since Oct 2010
Thanks: 5,258 given, 3,121 received

upon further review of the 4th trade...The pb coiled off the asc 21 ma,if i would have observed the desc trendline of those tops, and traded with the trend, the entry was just above the desc trendline, or a tick above the prev freen candle(that coiled off the ma)I was thinking of that trendline, and they blew right through it.Either way, the counter trend trades today werent smart..Again...should we look for longs above ma/shorts below,Just to stay simple?

Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to bobarian for this post:
 
(login for full post details)
  #307 (permalink)
 trs3042 
Holland, Michigan
 
Experience: None
Platform: ninjatrader
Broker: CQG
Trading: Acoustic Guitar
 
trs3042's Avatar
 
Posts: 1,617 since Jun 2009
Thanks: 23,764 given, 5,615 received


bobarian View Post
upon further review of the 4th trade...The pb coiled off the asc 21 ma,if i would have observed the desc trendline of those tops, and traded with the trend, the entry was just above the desc trendline, or a tick above the prev freen candle(that coiled off the ma)I was thinking of that trendline, and they blew right through it.Either way, the counter trend trades today werent smart..Again...should we look for longs above ma/shorts below,Just to stay simple?


That's the way I trade. Above MA long, below the MA short, that's it. SIMPLE!!! I gave away enough of my account by not keeping it simple.

Rick

"If you're going to panic during a trade............. panic early."
Reply With Quote
The following 2 users say Thank You to trs3042 for this post:
 
(login for full post details)
  #308 (permalink)
 VinceVirgil 
Toronto, Canada
 
Experience: Advanced
Platform: NT
Broker: TD Ameritrade, Dorman/Zenfire
Trading: CL,ES
 
VinceVirgil's Avatar
 
Posts: 1,752 since Aug 2011
Thanks: 2,144 given, 9,222 received


bobarian View Post
upon further review of the 4th trade...The pb coiled off the asc 21 ma,if i would have observed the desc trendline of those tops, and traded with the trend, the entry was just above the desc trendline, or a tick above the prev freen candle(that coiled off the ma)I was thinking of that trendline, and they blew right through it.Either way, the counter trend trades today werent smart..Again...should we look for longs above ma/shorts below,Just to stay simple?

I have seen many trade that way above MA above long, below short. At least, they are aware of it in relation to the PA, and they dont take it unless there is a compelling reason(s).

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to VinceVirgil for this post:
 
(login for full post details)
  #309 (permalink)
 bobarian 
whitestone, new york
 
Experience: Intermediate
Platform: ninja trader
 
bobarian's Avatar
 
Posts: 1,995 since Oct 2010
Thanks: 5,258 given, 3,121 received


VinceVirgil View Post
I have seen many trade that way above MA above long, below short. At least, they are aware of it in relation to the PA, and they dont take it unless there is a compelling reason(s).

Its become apparent, that, at times , im seeing the leaves, and less of the forest.I have no desire to be a countertrend treader, as it took alot of effort to kick that habit.If there is a compelling reason, thats ok.I think , in its basic form, looking at the ma in this fashion will save me 1 or 2 mistakes a day.Also, in the focus that ive had lately, the ma is almost invisible to me, because when i was still trading the 1 min, i started disregarding the mas(almost alltogether at times.So, i have a feeling this will help.The ma crossovers are of interest ,also.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #310 (permalink)
 trs3042 
Holland, Michigan
 
Experience: None
Platform: ninjatrader
Broker: CQG
Trading: Acoustic Guitar
 
trs3042's Avatar
 
Posts: 1,617 since Jun 2009
Thanks: 23,764 given, 5,615 received



bobarian View Post
Its become apparent, that, at times , im seeing the leaves, and less of the forest.I have no desire to be a countertrend treader, as it took alot of effort to kick that habit.If there is a compelling reason, thats ok.I think , in its basic form, looking at the ma in this fashion will save me 1 or 2 mistakes a day.Also, in the focus that ive had lately, the ma is almost invisible to me, because when i was still trading the 1 min, i started disregarding the mas(almost alltogether at times.So, i have a feeling this will help.The ma crossovers are of interest ,also.

Hello @bobarian,

Just curious....................I've noticed you use a 5min chart for your time frame. Have you ever tried a tick chart? Say a 500t or 1000t chart on the CL. I found tick charts help me define the price action. The candles seem easier to follow with less strain on the eyes.

Just my 2 cents worth,

Rick

"If you're going to panic during a trade............. panic early."
Reply With Quote
The following 3 users say Thank You to trs3042 for this post:


futures io Trading Community Trading Journals > bobs qwest to attain consistency


Last Updated on February 4, 2019


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