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My 6E trading strategy
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Created: by cjbooth Attachments:356

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My 6E trading strategy

  #381 (permalink)
Elite Member
Bala, PA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
Favorite Futures: SPY, Oil, Euro
 
monpere's Avatar
 
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trendisyourfriend View Post
For the record, a trade reversal at 6:32 EST. Was taking my breakfast

Followed by a nice divergence for monpere

Thanks trendisyourfriend, but you missed the other 3 trades on that chart that I would have taken

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  #382 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
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trendisyourfriend's Avatar
 
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Here is a trade i took on the Euro which i have marked using Charles's framework. I wanted to illustrate an advance signal. I show it here as i think it might help others as well as Charles. If you think it is distracting then i'll remove it.

We did get a signal which streched Charles's rules a bit when we broke below an ascending channel. We did not get a Lower Swing Low formation on the 1508 ticks chart but we did get a Lower Low and pullback formation on the 377 ticks chart. The entry confirmation occured on the Footprint and i illustrate the process i usually follow. Charles's approach does fit very well with this volume confirmation at entry.

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My 6E trading strategy-6e_20110614_t3.jpg  
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  #383 (permalink)
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san antonio texas
 
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When I took trades based on lower time frame I got a lot of losing trades. You must have a lot of screen time experience and skill to spot winnining trades. Thanks

 
  #384 (permalink)
Elite Member
Bala, PA, USA
 
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masood chughtai View Post
When I took trades based on lower time frame I got a lot of losing trades. You must have a lot of screen time experience and skill to spot winnining trades. Thanks

You will find that with most methods, higher time frames will produce more reliable signals, but will typically increase the size of your stops for most methods. So, you have to find the balance point where acceptable reliability meets acceptable risk exposure for you.

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  #385 (permalink)
Trading for Profit
aurora,il
 
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supermht View Post
I took this trade, Charles, is 1508 eligible for the trade?


Yes that was a valid short setup I took that as well

Charles

 
  #386 (permalink)
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supermht View Post
I took this trade, Charles, is 1508 eligible for the trade?

What indicator are you using to print the HH/HL etc. ?

 
  #387 (permalink)
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thanks

Thanks, Charles, the one at CST 9:05(1508 chart). I didn't take due to whole number

 
  #388 (permalink)
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pa


trendisyourfriend View Post
What indicator are you using to print the HH/HL etc. ?

priceactionswing, on download area

 
  #389 (permalink)
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supermht View Post
priceactionswing, on download area

I have it but i can't seem to be able to produce the same swing High/Low. Would you mind posting a screen capture of your settings for this indicator ?

 
  #390 (permalink)
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trendisyourfriend View Post
What indicator are you using to print the HH/HL etc. ?


I'm just looking and comparing the ZigZag swings

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