Bob Volman - Price Action Scalping | Currency Futures


futures.io - 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




 

Bob Volman - Price Action Scalping

  #14 (permalink)

Raleigh, NC
 
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Interactive Brokers + Kinetick
Favorite Futures: CL/GC
 
Posts: 18 since Sep 2012
Thanks: 73 given, 12 received


MisterGopher View Post
I was actually looking into this method last night based on a recommendation in my journal and will be ordering the book soon.

Does anybody know how this would translate to EUR/USD futures (6E). Would the 70 tick chart still be used?

Looking at TOS, the smallest tick chart they have as a default option is 133. I haven't dug deeper to see if there is a way to get to a 70 tick chart on the 6E manually.

Thanks.

Bob Volman uses ProRealTime.com for charting, and claims that during the most liquid hours the 70 tick chart is approximately equivalent to 30 second chart (120 bars per hour). I started counting the number of bars in each hour since last week (I only count bars between 8am and 12 noon EST, the London/NY overlap) and I found that 9-11 seems to have the most number of bars last week:

Monday 10/15 9-10 (84 bars), 10-11 (94 bars)
Tuesday 10/16 9-10 (92 bars), 10-11 (107 bars)
Wednesday 10/17 9-10 (112 bars), 10-11 (106 bars)
Thursday 10/18 9-10 (85 bars), 10-11 (112 bars)
Friday 10/19 9-10 (106 bars), 10-11 (118 bars)

You can get a free 7 day trial from ProRealTime and compare your (x)-tick 6E charts with its 70 tick charts. Good luck,

Reply With Quote
The following user says Thank You to chaching for this post: