My 6E trading strategy - Currency Futures | futures io social day trading
futures io futures trading


My 6E trading strategy
Updated: Views / Replies:248,656 / 1,177
Created: by cjbooth Attachments:356

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Closed Thread
 356  
 
Thread Tools Search this Thread
 

My 6E trading strategy

  #1071 (permalink)
Elite Member
Des Moines, Iowa
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Kinetick / IB
Favorite Futures: spy
 
Posts: 27 since Feb 2011
Thanks: 22 given, 16 received

Ichimoku Kinko Hyo Method

Charles, You have obviously studied the Ichimoku Kinko Hyo trading method by utilizing the Kumo "cloud" in your trading. Since you do not incorporate the other aspects of the system (Tenkan Sen, Kijun Sen, etc.) into your method, I was hoping you could tell me what you did not like about the full Ichimoku system. Thanks.

 
  #1072 (permalink)
Trading Apprentice
park city utah
 
Futures Experience: Advanced
Platform: ninjatrader
Favorite Futures: es,cl,tf,nq,6e,forex
 
Posts: 11 since Apr 2011
Thanks: 18 given, 15 received

thanks for sharing how you trade the 6e, good stuff

The following user says Thank You to gbox1105 for this post:
 
  #1073 (permalink)
Trading for Profit
aurora,il
 
Futures Experience: Intermediate
Platform: ninja
Broker/Data: AMP, zen-fire
Favorite Futures: currency futures 6E
 
Posts: 319 since Aug 2009
Thanks: 134 given, 1,390 received



Rudedog60 View Post
Charles, You have obviously studied the Ichimoku Kinko Hyo trading method by utilizing the Kumo "cloud" in your trading. Since you do not incorporate the other aspects of the system (Tenkan Sen, Kijun Sen, etc.) into your method, I was hoping you could tell me what you did not like about the full Ichimoku system. Thanks.

basically the reason I dont incorparate the full Ichimoku Cloud is that the full version extends the cloud out 26 bars. Ninja trader does not support forward plotting indicators. There are indicators out ther that claim they do indeed plot 26 bars in advance on NInja Trader.

These indicators will not work on my method as the reason they plot 26 bars out is they have a displacement value built into the indicator. This displacement forces the indicator out ahead of price but at the live edge on the currect candle the cloud is not at the proper price level as it is being distorted by the displacement

Charles

The following user says Thank You to cjbooth for this post:
 
  #1074 (permalink)
Trading for Profit
aurora,il
 
Futures Experience: Intermediate
Platform: ninja
Broker/Data: AMP, zen-fire
Favorite Futures: currency futures 6E
 
Posts: 319 since Aug 2009
Thanks: 134 given, 1,390 received

general request

Traders,

I have a request to all traders that would like to ask a question or post a comment on this thread.

Since Mid May 2011 when I first came to futures.io (formerly BMT) with this method I spent a lot of time and work to try to present what I have found to be a profitable way to trade the 6E contract. During the thread I have explained my method in much detail, shown chart examples, tweaked a few things a long the way and eplained the change and why, posted videos, answered every question asked, and even started a free trading room so the traders that spent time and did work to learn my method could take their training to a new level by seeing the trades explained on the right edge of the chart instead of seeing them in a hind sight photo posted on the thread.

As the thread has extended much beyond the length that I ever anticipated many post as late have been way off topic of what I am teaching. I am seeing post that send traders to different indicators, I have seen charts using different times frames, I have seen charts that are not the 6E, and I have seen post that is more like a general chat room that have nothing to do with trading

My request to you out of respect for what I have spent the time and work to present is when you post a question or chart for explanation lets keep the post directly centered on my method so new traders just coming in to my thread will learn from the post and not be confused by all the off topic conversation

Thanks,
Charles

 
  #1075 (permalink)
Trading for Profit
aurora,il
 
Futures Experience: Intermediate
Platform: ninja
Broker/Data: AMP, zen-fire
Favorite Futures: currency futures 6E
 
Posts: 319 since Aug 2009
Thanks: 134 given, 1,390 received

8/18 trading

traders,

here is a video I created showing 4 trade setups per my method today

Click this link to view

http://www.anymeeting.com/tradingmymethod/E951D785864A


Good trading,

Charles

The following 9 users say Thank You to cjbooth for this post:
 
  #1076 (permalink)
Elite Member
la mirada
 
Futures Experience: Intermediate
Platform: NijaTrader
Broker/Data: Amp/CQG
Favorite Futures: Oil, Es
 
Posts: 8 since Feb 2011
Thanks: 1 given, 11 received

Charles,

I've been trading cl and (some) es for the last 7-8 months. I've been fairly successful with the course I took, and am now trying to learn some other instruments and methods. I really benefited from the course I bought, and though it was expensive, I feel it was worth every penny, plus, it included 6 months traderoom access. Of course, those 6 months are up, and now I'm trying to trade on my own, and finding a plethora of trading jewels here at futures.io (formerly BMT).

I have to say though, what you, my friend, are doing is wonderful, and will even call it, "philanthropic". It's almost an oxymoron, "free traderoom and manual". God bless you for that. I am definitely interested in learning your method with 6E. There are so many people out there just trying to make a $ off any gullible soul, when they probably don't even trade themselves. I have to applaud you for what you are doing. I just spent the last couple of hours reading through this thread! I'm thankful to be part of this forum, and can't wait to develop more as a trader, so I too can share. Looking forward to joining your traderoom, once I study your method some more of course.

Once again, thanks, my friend!

P.S. If the thought counts, I would have also voted for you to win that Ipad 2, lol! You certainly deserved it.

The following 2 users say Thank You to elmatador1973 for this post:
 
  #1077 (permalink)
Membership Revoked
new york
 
Futures Experience: Intermediate
Platform: ninjatrader
Broker/Data: mb trading
Favorite Futures: 6e
 
bobbyacim's Avatar
 
Posts: 184 since Feb 2010
Thanks: 598 given, 140 received

One of Charles master-piece trades, today

Great trade today, thanks to Mr. Charles Booth

I still have a problem staying in for 21 ticks full profit potential as per Charles's rules.
I added the macbb's to my 1508 chart and ever-so-slightly changed the STDEV to 1.1
just enough on this trade to "discern" something that is helping me stay in the trade longer inspite of the Stochastics on the 377 chart turning up, the Rsqueeze angling back up or even the macdbb's on the 377 moving back in the band and turning blue again.

HERE'S HOW
Once in the trade, I closely watch the BB's on the 1508 chart as they glide with angle and greater separation occuring between the BB's (increased momentum) and as they ride the outside of the band, I am keenly watching until they start getting closer together and finally there is a feather lite touch of the bb to the band. This is indisputable evidence for me to EXIT.

As you can see my bumpy down trade today, all the indicators on the 377 were running me scared to exit early and by the time 9:15 occured, the indicators were YELLING; get out with some profit at 1.4339, as evidenced by drawn arrow under the stochey and and the blue bb on the 377 chart!

However, the macdbb's on the 1508, helped me control the FEAR until the feather lite touch of the bb to the band at 9:21 for an additional 5 -6 ticks.

But overall, I read that as the bands narrow, this may indicate that the momentum is decreasing, so the 377 MacdBB may be enough, I am just looking for any supplemental info that may give an additional edge!

Attached Thumbnails
My 6E trading strategy-charles-masterful-trade.png  

Last edited by bobbyacim; August 18th, 2011 at 08:21 PM.
 
  #1078 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,214 received


cjbooth View Post
Traders,

I have a request to all traders that would like to ask a question or post a comment on this thread.

I have echoed this request to post #1 so hopefully new members will read it.

Moderator Note


Added by Big Mike, August 18 2011:

*** Message from cjbooth ***

Traders,

I have a request to all traders that would like to ask a question or post a comment on this thread.

Since Mid May 2011 when I first came to futures.io (formerly BMT) with this method I spent a lot of time and work to try to present what I have found to be a profitable way to trade the 6E contract. During the thread I have explained my method in much detail, shown chart examples, tweaked a few things a long the way and eplained the change and why, posted videos, answered every question asked, and even started a free trading room so the traders that spent time and did work to learn my method could take their training to a new level by seeing the trades explained on the right edge of the chart instead of seeing them in a hind sight photo posted on the thread.

As the thread has extended much beyond the length that I ever anticipated many post as late have been way off topic of what I am teaching. I am seeing post that send traders to different indicators, I have seen charts using different times frames, I have seen charts that are not the 6E, and I have seen post that is more like a general chat room that have nothing to do with trading

My request to you out of respect for what I have spent the time and work to present is when you post a question or chart for explanation lets keep the post directly centered on my method so new traders just coming in to my thread will learn from the post and not be confused by all the off topic conversation

Thanks,
Charles

***




Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

 
  #1079 (permalink)
Elite Member
California - USA/Rio grande do sul-Brasil.
 
Futures Experience: Intermediate
Platform: tradestation, ninja trader
Favorite Futures: Futuros
 
Posts: 88 since Apr 2011
Thanks: 851 given, 23 received


trendisyourfriend View Post
For the record, a perfect trade reversal. I did not trade this setup as too near the news time at 8:30 EST.

Could you please indicate me where I can find the ABC indicator that you use on the white chart? https://futures.io/forex-currency-trading/10920-my-6e-euro-eur-usd-futures-contract-trading-strategy-80.html#post134446

Whant to thank everyone for the info that we can find on this tread.

Felix

 
  #1080 (permalink)
Elite Member
Honolulu, Hawaii
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: ATC/TT, AMP/Zen-Fire, AMP/CQG
Favorite Futures: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,806 given, 2,826 received



bobbyacim View Post
But overall, I read that as the bands narrow, this may indicate that the momentum is decreasing, so the 377 MacdBB may be enough, I am just looking for any supplemental info that may give an additional edge!

Bobby, glad to see you doing better. To be clear on the MACDBB, the BB lines are strictly volatility based. Lower the volatility the closer the bands come together. Typically when you have consolidation that causes a breakout.

The following user says Thank You to bluemele for this post:

Closed Thread



futures io > > > > My 6E trading strategy

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Best Strategy 6E - Net 10p per day traderjcf Currency Futures 15 December 3rd, 2015 02:19 PM
6E (EURUSD) trading alex123 Elite Trading Journals 35 September 17th, 2011 09:15 PM
Timeframes for Trading 6E traderjcf The Elite Circle 8 June 30th, 2011 01:22 AM
Trading the 6E camsolution Currency Futures 12 May 17th, 2011 09:00 PM
Trading 6E and DX tellytub The Elite Circle 7 August 4th, 2010 07:33 PM


All times are GMT -4. The time now is 07:48 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-11 in 0.16 seconds with 20 queries on phoenix via your IP 54.226.132.197