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

  #941 (permalink)

Bala, PA, USA
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
Favorite Futures: SPY, Oil, Euro
monpere's Avatar
Posts: 1,858 since Jul 2010
Thanks: 300 given, 3,321 received

trendisyourfriend View Post
OK, i just tested with MarketDelta how i would proceed. So the main rule does not change for the 1508 or longer term chart, a higher high or a lower low at an area must occur. Except the area will be determined by the developing value area which should reference at least two swings.

I'll use the custom profile to locate high volume nodes for the entry and my stop will be placed below a previous swing Hi/Lo accordingly or below a point named Value Area High/Low (market profile term). As said in the first paragraph, the Value Area will comprise at least two swings and the entry will be at the POC of the last leg or if there are two significant volume nodes, at the middle of them. See first chart for more details.

A second chart is included to indicate what i'll consider as the end of the current trending cycle. An early sign of this is when the POC shift to the upside in an uptrend or to the downside in the case of a downtrend. Quite clear on the second chart.

Oops! You lost me at MarketDelta. Now it seems like a totally different animal altogether to me. I would also guess most of the followers on the thread probably don't have that tool.