My 6E trading strategy | Currency Futures


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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.