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My 6E trading strategy
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My 6E trading strategy

  #321 (permalink)
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I checked it with macd indicator now and it shows hidden divergence like your chart at that point, but when it was happening and I was looking for divergence against those tops I didnt find them and missed the set up. Thanks

 
  #322 (permalink)
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masood chughtai View Post
Is there any exception that would work to the whole number issue. It was 4th attempt to break 1.4400 barrier that succeeded

The breakout that occured at 1,4410 (sep 2011) was preceeded by a volume pattern on a 5 minutes chart that could have helped you reinforce your conviction that this attempt had a high degree of probability it could succeed. Check volume on a time based interval where Charle take his trades, you might make some interesting discoveries. More particularly before the breakout occured, price made a pullback with very thin volume. This behavior oftentime precedes a breakout.

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  #323 (permalink)
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Done for the week


Traders,

I wont be taking any more trades today, I dont like trading after 11 a m on Friday's

I will be in & out of the forum here over the weekend so if you have any questions post them and I will answer them as I see them

I continue to thank all of you for the continued following of the thread. I feel if you truly commit to this system and do some screen time live and after hour study you will be successful with this


Have a great weekend


Charles

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  #324 (permalink)
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thanks

Thank you so much for sharing your method, it works to me, have a great weekend.

 
  #325 (permalink)
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cjbooth View Post
Traders,

I wont be taking any more trades today, I dont like trading after 11 a m on Friday's

I will be in & out of the forum here over the weekend so if you have any questions post them and I will answer them as I see them

I continue to thank all of you for the continued following of the thread. I feel if you truly commit to this system and do some screen time live and after hour study you will be successful with this


Have a great weekend


Charles

Thanks so much for sharing your method, and patience in answering all the questions. I am learning a lot from you and the comments of the other posters.

 
  #326 (permalink)
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A couple of questions about possible setups. Please take a look when you have time.

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My 6E trading strategy-0610.jpg   My 6E trading strategy-06102.jpg  
 
  #327 (permalink)
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Price also retested a significant level on decreasing volume, it was the POC at that time, a high volume level in market profile terms.





trendisyourfriend View Post
The breakout that occured at 1,4410 (sep 2011) was preceeded by a volume pattern on a 5 minutes chart that could have helped you reinforce your conviction that this attempt had a high degree of probability it could succeed. Check volume on a time based interval where Charle take his trades, you might make some interesting discoveries. More particularly before the breakout occured, price made a pullback with very thin volume. This behavior oftentime precedes a breakout.


Attached Thumbnails
My 6E trading strategy-euro.gif  
 
  #328 (permalink)
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Lmess View Post
A couple of questions about possible setups. Please take a look when you have time.


On your 1st entry you should have taken that a bar earlier. the bar earlier is the 2nd candle to close inside or through the cloud this would have been the prime entry. to wait for the next bar probably through the r/r out of line.

On the 2nd example my 1508 charts showed an extra swing that showed the entry point that you are referring as a HH. that being as it is if my chart had looked like yours then that is a trade signal, but one that at least initially needs to be managed tightly. <eaning the trade goes in your favor right away or you get out

Charles

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  #329 (permalink)
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cjbooth View Post
On your 1st entry you should have taken that a bar earlier. the bar earlier is the 2nd candle to close inside or through the cloud this would have been the prime entry. to wait for the next bar probably through the r/r out of line.

On the 2nd example my 1508 charts showed an extra swing that showed the entry point that you are referring as a HH. that being as it is if my chart had looked like yours then that is a trade signal, but one that at least initially needs to be managed tightly. <eaning the trade goes in your favor right away or you get out

Charles

For the first entry, a bar earlier, wouldn't you consider that to be too wide of a spread between the trigger lines. I know that is the discretionary part of the system, but why would you consider them good enough to enter? The cross takes place on the bar I labeled as possible entry, although that would be 4 ticks lower than the close of the bar you mention.

 
  #330 (permalink)
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Lmess View Post
For the first entry, a bar earlier, wouldn't you consider that to be too wide of a spread between the trigger lines. I know that is the discretionary part of the system, but why would you consider them good enough to enter? The cross takes place on the bar I labeled as possible entry, although that would be 4 ticks lower than the close of the bar you mention.

To take the trade on the close of the previous bar you are

1. taking the trade with the 1508 in perfect position
2. it is the 2nd candle to close below the trigger lines, which increases the likelihood that the trigger lines will turn
3. it is 1st bar to close below the cloud
4. It is at the point where your risk will be the least.

charles


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