Simple Trendline Bounce - Trading Journals | futures io social day trading
futures io futures trading


Simple Trendline Bounce
Updated: Views / Replies:7,280 / 50
Created: by babypowder Attachments:3

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
 3  
 
Thread Tools Search this Thread
 

Simple Trendline Bounce

  #31 (permalink)
Elite Member
Brooklyn, NY
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Mirus/IB/FinFx
Favorite Futures: ES, Forex
 
babypowder's Avatar
 
Posts: 182 since Apr 2010
Thanks: 202 given, 196 received

Data???

Can someone explain or confirm chart data attached of CL. 2011-04-20_1608 - babypowder's library
After the 1st target I moved stop a little above BE and it was not triggered when my charts shows price hit well below my stop but I'm still active 1 order????
Is this a data glitch or a sim thing?

Your boy BP,
Thanks.

Reply With Quote
 
  #32 (permalink)
Elite Member
Brooklyn, NY
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Mirus/IB/FinFx
Favorite Futures: ES, Forex
 
babypowder's Avatar
 
Posts: 182 since Apr 2010
Thanks: 202 given, 196 received

6E

6E- 240 min chart, I wanted to show volume confirming big support. Also, there's a gap not filled at what is now support. I am not comfortable taking longs till the gap is filled. 2011-04-24_2023 - babypowder's library

6E- 1440 min chart, shows we're in mid channel, I am looking for a HL/pullback to enter long from here will see. 2011-04-24_2032 - babypowder's library

Reply With Quote
The following user says Thank You to babypowder for this post:
 
  #33 (permalink)
Elite Member
Brooklyn, NY
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Mirus/IB/FinFx
Favorite Futures: ES, Forex
 
babypowder's Avatar
 
Posts: 182 since Apr 2010
Thanks: 202 given, 196 received

6E/CL


6E- 240 min chart shows the gap filled which I wanted to see before going long. You will also see a big rejection candle right on support area. 2011-04-25_2212 - babypowder's library

6E- 60 min chart, I zoomed here to fine tune an entry and you can see a IB right were I want it going long @ 4520. See attached. 2011-04-25_2220 - babypowder's library

.....................................................................................................................................................................................

CL update- 240 min adjusted my stop under previous HL. 2011-04-25_2222 - babypowder's library

Reply With Quote
 
  #34 (permalink)
Elite Member
Brooklyn, NY
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Mirus/IB/FinFx
Favorite Futures: ES, Forex
 
babypowder's Avatar
 
Posts: 182 since Apr 2010
Thanks: 202 given, 196 received

6E

60 min- IB play 1st target filled total 962.50. 2nd target at last high stop adjusted to minor support as shown. 2011-04-26_0508 - babypowder's library

Reply With Quote
 
  #35 (permalink)
Elite Member
Brooklyn, NY
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Mirus/IB/FinFx
Favorite Futures: ES, Forex
 
babypowder's Avatar
 
Posts: 182 since Apr 2010
Thanks: 202 given, 196 received

6E

Wow, it just popped up right to my 2nd target great short term play total 2,350. http://screencast.com/t/A0ej8pJAv

Reply With Quote
 
  #36 (permalink)
Elite Member
Brooklyn, NY
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Mirus/IB/FinFx
Favorite Futures: ES, Forex
 
babypowder's Avatar
 
Posts: 182 since Apr 2010
Thanks: 202 given, 196 received

CL

CL- 1440 min chart shows that we are in the bottom of the channel, also its stalling at previous high while still making a new high. 2011-05-02_1848 - babypowder's library
CL- 240 min chart shows we are consolidating, also last candles is a IB working its way down probably towards the shaded area I highlighted (further explained below). 2011-05-02_1852 - babypowder's library
CL- 30 min chart shows a range market notice how volume reacts to the price levels. 2011-05-02_1903 - babypowder's library

Short term play is to wait for price to hit a 30 min range level and fade.

Reply With Quote
The following user says Thank You to babypowder for this post:
 
  #37 (permalink)
Elite Member
Brooklyn, NY
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Mirus/IB/FinFx
Favorite Futures: ES, Forex
 
babypowder's Avatar
 
Posts: 182 since Apr 2010
Thanks: 202 given, 196 received

CL/6E

CL-1440 min chart, shows TL breakout with last bar being a bullish pin bar which tells me this will start to pullback. The question is where will it pullback to? Attached you will see the top shaded area (106-108) which was the last significant level and also happens to be 61.8 retracement area. When we get there we will zoom in to fine tune an entry. 2011-05-07_1809 - babypowder's library

6E-1440 min chart, shows potential TL break but its running into previous HH, 2 scenarios i will want for a breakdown pass the last HH level or a realignment back to the TL channel. (NOTE: BIG EURO NEWS GREECE IN TALKS TO EXIT THE EUROZONE!) Maybe reason for TL break? We will see.
2011-05-07_1821 - babypowder's library

Reply With Quote
The following user says Thank You to babypowder for this post:
 
  #38 (permalink)
Elite Member
Brooklyn, NY
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Mirus/IB/FinFx
Favorite Futures: ES, Forex
 
babypowder's Avatar
 
Posts: 182 since Apr 2010
Thanks: 202 given, 196 received

CL

CL- 30 min chart, fine tune entry at IB with STOP @ last HL after major bar reversal, counter trend play so I will be aggressive with profit taking. 2nd target @ 50% retracement of the major trend or the TL touch. We will see.
http://screencast.com/t/alOMMVOxEyti

Reply With Quote
The following 2 users say Thank You to babypowder for this post:
 
  #39 (permalink)
Elite Member
Brooklyn, NY
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Mirus/IB/FinFx
Favorite Futures: ES, Forex
 
babypowder's Avatar
 
Posts: 182 since Apr 2010
Thanks: 202 given, 196 received

Update

CL- Will exit 1st contract when the top of the channel is hit. 2011-05-11_2044 - babypowder's library

Reply With Quote
The following 2 users say Thank You to babypowder for this post:
 
  #40 (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: 46,240 since Jun 2009
Thanks: 29,353 given, 83,234 received


Should this be moved to Journals?

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

Reply



futures io > > > Simple Trendline Bounce

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
Decision Bar VS TrendLine Trader WeirdTrader Trading Reviews and Vendors 2 March 23rd, 2011 01:14 AM
looking for bounce JTrain Bonds and Interest Rates Trading 14 March 2nd, 2011 08:44 AM
Pyratool or Fixed Angle Trendline for NinjaTrader Bengaltiger Traders Hideout 5 December 23rd, 2010 09:39 AM
Trendline Angle Finder ceramictilepro NinjaTrader 5 October 9th, 2010 09:03 PM
Week Ahead: Markets Look to Economy After July's Bounce Quick Summary News and Current Events 0 July 31st, 2010 01:50 AM


All times are GMT -4. The time now is 08:34 AM.

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 2017-12-15 in 0.14 seconds with 20 queries on phoenix via your IP 54.234.247.118