EURUSD 6E Euro | Currency Futures - futures trading strategies, market news, trading charts and platforms

Currency Futures

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  #767 (permalink)

La Jolla, CA
Trading Experience: Master
Platform: Sierra Chart, X_Trader Pro, OptionsCity
Broker/Data: Advantage, Trading Technologies, OptionsCity, IQ Feed
Favorite Futures: CL, NG
Private Banker's Avatar
Posts: 1,040 since Jul 2010
Thanks: 1,713 given, 3,828 received

monpere View Post
I never could wrap my brain around why traders trade such large time frames. This breakout, even if superbly and perfectly executed would probably be about a 3:1 risk/reward trade. I get on average between 5 to15, 3:1 r/r trades everyday on a 3 or 4 range 6E chart. What is the draw of a 15min+ chart for day traders?

I look at larger time frames for overall market structure and boil that down into my intra-day trade set up which is from a smaller time frame. The bigger picture tells a clearer story obviously. By trading just off a small period chart, you're potentially just trading noise so hopefully one would pay attention to the big picture as well.

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