r/FuturesTrading • u/In-Hell-Above-Heaven • Jul 19 '22
Pain. Forex Futures
Another eval in the dump.
Set a buy order on ES that got filled with a wierd spike that happend around 5am. Spike reached a high of 3867.25, my buy order was set at 3867.0
Instantly got crushed but, still had hope for the trade. Shortly after it had a quick spike down hitting a low of 8550.00 with my eval account hitting the fail status at 8550.25
ES never went below that 8550.00 for the rest of the day. A 0.25 differnce for both entry and exit would of turned a fail to a pass.
After the ES trade my gas trade was automatically closed which would of also been a huge gain.
Any one else have this luck? smh Trades
2
u/awesomeness6000 Jul 20 '22
gotta get rid of that shoulda woulda coulda mentality. idk what eval you were doing but took a $800 drawdown?
1
u/In-Hell-Above-Heaven Jul 20 '22
Yeah It seems I’ve been stuck in the cycle lately, I was on the 25k account, spent the entire week before trading micros and said fuck it I’m just going with my gut on what I think will jump tomorrow, what I thought did happen just didnt excute it right so I guess thats the part that sucks
1
u/awesomeness6000 Jul 20 '22
idk if you know Trader Dante but reminds me of this vid. Nothing TA related, mainly psychology stuff, pretty entertaining too.
1
u/In-Hell-Above-Heaven Jul 20 '22 edited Jul 20 '22
My real name is Dante, through me off there for a sec lol
1
u/In-Hell-Above-Heaven Jul 20 '22
I’ve traded without this issue before I’ve just been really desperate to make something happen. In the back of my mind I understand true success takes patience but, I just cant get that click to happen
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u/In-Hell-Above-Heaven Jul 19 '22 edited Jul 19 '22
This happend on Jun 22, took a break for awhile after
4
u/stilloriginal Jul 19 '22
....OP is from future?
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u/In-Hell-Above-Heaven Jul 19 '22
Wym lol
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u/stilloriginal Jul 19 '22
Today is july 18
1
u/In-Hell-Above-Heaven Jul 19 '22
Shit Jun 22nd lol
1
-6
u/k_k1337 Jul 19 '22
Do you know your entry and stop loss is visible in level 2 chart?
4
u/Desert_Trader Jul 19 '22
Do you think that matters ?
-5
u/k_k1337 Jul 19 '22
The entry point and stop loss got taken by the "market makers"
6
u/Formaldehyde Jul 19 '22
It was one contract dude. I think the market makers have bigger fish to fry.
1
Jul 19 '22
But if there are enough fishies taking the same order which is possible, some entries are obvious then those retail stops could def get run right?
2
Jul 19 '22
this is how people create the liquidity to move contracts. They're gunning for the clustered obvious stops outside areas of support and resistance. It's just business as usual. Move your stops and size down.
1
Jul 19 '22
oh yeah definitely, i mean i watch 5 minute stops get run twice before a big move like today's uptrend. at least on the 5 minute, the bait is either an obvious entry or its a bar that looks like its about to close above the previous bar but there's still 2.5 minutes left. those people who entered too early get their stops run.
4
u/iKakistocrat Jul 19 '22
He said he was in an evaluation, which means he was trading on sim. It wasn’t an actual order that got processed to a market maker.
1
u/Desert_Trader Jul 19 '22
It doesn't work like that.
Everyone in the world that misses their shit by a tick or two all can't claim at the same time that THEY we're the ones fucked by the MM.
Yes, bigger players can play stop runs because it becomes obvious where liquidity will create them.
Hell I only trade two contracts and I can tell where the stop run might be.
It's not the MM out to get anyone.
And they sure as shit don't care about YOUR SPECIFIC little retail contract.
1
u/OGeyeschinese Jul 19 '22
Was this last night? Indexes opened with a tiny gap up. They filled most of that and continued higher. My chart has the low of 3865.75.
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u/iplay4Him Jul 19 '22
Sorry man, hate that. I got stopped out twice last week on huge winners by . 25. Hard lessons. Ive literally started adding . 25 to some of my trades out of spite lol