My 6E trading strategy | Currency Futures - futures trading strategies, market news, trading charts and platforms

Currency Futures

This subforum allows you to find traders that trade Currency Futures. You may post about anything to do with trading currency futures in this section


My 6E trading strategy

  #910 (permalink)

Como Italy
Trading Experience: Intermediate
Platform: Ninjatrader, customized
Favorite Futures: ES
Posts: 526 since Feb 2010
Thanks: 471 given, 636 received

forrestang View Post
I know what you mean, but I don't use the 'close inside cloud' for an exit. I think CJ applies a bit of discretion on his exits. I couldn't do this, so for a while I've been using a pretty mechanical way to exit. So CJ's exits will likely be better than mine most of the time, but it's a trade off.

One advantage to CL, is that it MOVES and doesn't backfill as much. I think it backfills less than 6E. I think it will likely move out directly to its target quickly as long as that obvious trend has set in, and you can get a fill.

Yes, that's the great advantage of CL. If you've caught the momentum you can hit a 20-30 tick target almost at once. But if you're even a bit early, it can move 13 ticks to collect stops in an instant - another trade-off.