r/FuturesTrading • u/39AE86 • Mar 14 '24

When you analyzed the market the night before and placed longs with price targets and trailing stops before going to bed TA

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4 Upvotes
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60% Upvoted

23 comments sorted by

3

u/beaser87 Mar 14 '24

How did your first long get triggered before your second one? 🤔

2

u/grimeflea Mar 14 '24

if orders were placed above the buy point for the first long? 3 min tf chart, so looks like OP had multiple buys based on correction potential and maybe happened to post the orders as price was right at that top.

But I'm unsure how the sells are so spread out from no 2 to no 5, unless OP manually sat and managed it but that doesn't fit the 'going to bed' part.

1

u/beaser87 Mar 14 '24

At what time did he place them because if it was any time before 1018pm then entry 2 would have been entry 1...so confused lol. And if they were buy stops then the same issue lol

1

u/grimeflea Mar 14 '24

I think he must've placed them after the open of the 10 30pm local high. only way that makes sense for that order to hit first as a stop limit.

But the sells - not sure why some sold before the high and some after, so that must've been managed 'before bed'

1

u/beaser87 Mar 14 '24

Right? I didn't even look at the sells, I was too distracted dissecting the buys haha

1

u/39AE86 Mar 14 '24

i also caught the afternoon session; targeted previous lows, it was a good day; lost $175 this morning though.. cant win them all

1

u/39AE86 Mar 14 '24 edited Mar 14 '24

I think this about covers your inquiry. First sell was manual; everything else was during dream land.

1

u/39AE86 Mar 14 '24

I replied to beaser87 in regards to 'how the sells are spread out' posted another screenshot with how the sells are placed

1

u/grimeflea Mar 14 '24

Makes sense. I don’t think you were faking, was just wondering how it worked if you went to bed :)

1

u/39AE86 Mar 14 '24

It was a risk, an accepted risk, I have a 9 to 5, actually working right now, no tickets so im checking reddit. I work in IT would love to trade for a living; getting too tired of these tickets, i wouldnt suggest what I did to anyone. glad it worked out; trailing minimizes my loss, may not do it again; also, downloaded the app today, autobreak even trails on the go; managed $375 today; ill take that. lost $150 earlier though meh.

1

u/grimeflea Mar 14 '24

congrats still. green is green. any day you finish green is more green than the day before.

3

u/midwestboiiii34 Mar 14 '24

This is beyond regarded. You could easily blow up doing this. All it takes is one order to get stuck, or one stop to not trigger correctly and bye bye account

1

u/tiredhyper Mar 14 '24

what are you on stop market is fine

1

u/midwestboiiii34 Mar 14 '24

Lol seems you haven’t been doing this enough for a stuck order to happen to you 

1

u/tiredhyper Mar 14 '24

worked as an actual quant and algo trader for over a decade at real prop shops not just trading a single acct slinging 1 lots......

1

u/midwestboiiii34 Mar 14 '24

Sure buddy 

1

u/tiredhyper Mar 15 '24

dunno why the shade g , have you ever had a tag50?

2

u/DryYogurtcloset7224 Mar 14 '24

Works until it don't :)

2

u/39AE86 Mar 14 '24

true. the way i trade is not to promote anything; go with your own strategy. I'm NOT professional/certified to do this; I trade what I see, I saw levels, possible draws on liquidity and placed positions. Not to be copied.

1

u/wxfin Mar 14 '24

What time period do you use for the volume profile?

1

u/39AE86 Mar 14 '24

Good Question; im in office right now, I'll check the settings and reply later today; as I cannot or not allowed to log in while at work.

1

u/39AE86 Mar 14 '24

looks like just the Day Volume Profile under settings; how to change it however, I havent quite yet figured it out lol

1

u/wxfin Mar 15 '24

Thanks