NexusFi: Find Your Edge


Home Menu

 





My 6E trading strategy


Discussion in Currencies

Updated
      Top Posters
    1. looks_one cjbooth with 316 posts (1,353 thanks)
    2. looks_two trendisyourfriend with 146 posts (168 thanks)
    3. looks_3 forrestang with 89 posts (117 thanks)
    4. looks_4 supermht with 71 posts (31 thanks)
      Best Posters
    1. looks_one cjbooth with 4.3 thanks per post
    2. looks_two Big Mike with 2.9 thanks per post
    3. looks_3 forrestang with 1.3 thanks per post
    4. looks_4 trendisyourfriend with 1.2 thanks per post
    1. trending_up 440,465 views
    2. thumb_up 2,161 thanks given
    3. group 195 followers
    1. forum 1,177 posts
    2. attach_file 352 attachments




Closed Thread
 
Search this Thread

My 6E trading strategy

  #401 (permalink)
 
trendisyourfriend's Avatar
 trendisyourfriend 
Quebec Canada
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES, NQ, YM
Frequency: Daily
Duration: Minutes
Posts: 4,527 since Oct 2009
Thanks Given: 4,171
Thanks Received: 6,018


supermht View Post
here

Curious as my settings is different, see picture.

Can you post a link to the version you are using ?

Attached Thumbnails
Click image for larger version

Name:	PriceActionSwing.jpg
Views:	233
Size:	56.2 KB
ID:	41012  

Can you help answer these questions
from other members on NexusFi?
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
Are there any eval firms that allow you to sink to your …
Traders Hideout
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
Ninja Mobile Trader VPS (ninjamobiletrader.com)
Trading Reviews and Vendors
 
  #402 (permalink)
 supermht 
Naperville IL
 
Experience: Intermediate
Platform: ninjatrader
Broker: NT broker
Trading: NQ ES 6E GC CL
Posts: 962 since Feb 2010
Thanks Given: 1,189
Thanks Received: 661

Downloads - [AUTOLINK]NinjaTrader[/AUTOLINK] 7 Indicators - Big Mike's Trading Forum

  #403 (permalink)
 
monpere's Avatar
 monpere 
Bala, PA, USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus, IB
Trading: SPY, Oil, Euro
Posts: 1,854 since Jul 2010
Thanks Given: 300
Thanks Received: 3,371


Any trades since the New York open today?

  #404 (permalink)
 
Silvester17's Avatar
 Silvester17 
Columbus, OH
Market Wizard
 
Experience: None
Platform: NT 8, TOS
Trading: ES
Posts: 3,603 since Aug 2009
Thanks Given: 5,139
Thanks Received: 11,527


trendisyourfriend View Post
Curious as my settings is different, see picture.

Can you post a link to the version you are using ?

you're using the old version that included psar and zig zag utc swing calculation.

the new version has standard and gann swing calculations, no more psar and zig zag.

Thanked by:
  #405 (permalink)
 masood 
san antonio texas
 
Experience: Intermediate
Platform: ninja trader
Broker: amp/zen fire
Trading: oil
Posts: 475 since Oct 2009
Thanks Given: 176
Thanks Received: 3,279

How do you delete the old indicator because newer version wont import unless old one is removed

  #406 (permalink)
 
Silvester17's Avatar
 Silvester17 
Columbus, OH
Market Wizard
 
Experience: None
Platform: NT 8, TOS
Trading: ES
Posts: 3,603 since Aug 2009
Thanks Given: 5,139
Thanks Received: 11,527


masood chughtai View Post
How do you delete the old indicator because newer version wont import unless old one is removed

tools, edit ninja script, indicator, select price action swing, and delete.

Thanked by:
  #407 (permalink)
cjbooth
aurora,il
 
Posts: 319 since Aug 2009
Thanks Given: 134
Thanks Received: 1,405

Traders,

i just got back and I see a lot of discussion about which ZigZag indicator to use

this is the one I use and what is shown throughout this thread on my post

ZigZagUTC.zip

Charles

  #408 (permalink)
 
Surly's Avatar
 Surly 
denver, colorado
 
Experience: Intermediate
Platform: NT
Trading: ZS
Posts: 704 since Mar 2011
Thanks Given: 628
Thanks Received: 1,263

Charles - you mentioned in this thread that it took quite a bit of time to settle on the appropriate tick values for the 6E using your method - I believe you thought these values were very important for the system to work.

I wonder if you remember some of the characteristics of the charts using tick values you settled on - sort of the "rules of thumb" that you used to guide you towards the values you use (1508 and 377). I imagine that you experimented until you found values that seemed to fit the "rhythm" of the contract and also corresponded to values that you knew other traders' used. If you remember anything else about this process that might be helpful, please let me know. I'm watching some other markets and playing with different tick settings to find ones that work.

It does seem to me that the 6E is perhaps uniquely suited to this trading method because it seems to trend steadily but with a great deal of pullbacks. To me, the 6E has always seemed to move in fits and starts - it trends but with a larger degree of countertrend movement than other contracts I watch. The tick charts and fixed targets with the trailing stop rules allow you to stay in trades for longer than you might watching minute charts (that's my impression at least). Other markets (say CL for instance) seem to trend in moves without the pullbacks the 6E generates. When I traded the 6E using my own methodology and minute charts I would get shaken out of moves in the 6E quite often.

thanks again.

surly

Visit my NexusFi Trade Journal
Thanked by:
  #409 (permalink)
cjbooth
aurora,il
 
Posts: 319 since Aug 2009
Thanks Given: 134
Thanks Received: 1,405


Surly View Post
Charles - you mentioned in this thread that it took quite a bit of time to settle on the appropriate tick values for the 6E using your method - I believe you thought these values were very important for the system to work.

I wonder if you remember some of the characteristics of the charts using tick values you settled on - sort of the "rules of thumb" that you used to guide you towards the values you use (1508 and 377). I imagine that you experimented until you found values that seemed to fit the "rhythm" of the contract and also corresponded to values that you knew other traders' used. If you remember anything else about this process that might be helpful, please let me know. I'm watching some other markets and playing with different tick settings to find ones that work.

It does seem to me that the 6E is perhaps uniquely suited to this trading method because it seems to trend steadily but with a great deal of pullbacks. To me, the 6E has always seemed to move in fits and starts - it trends but with a larger degree of countertrend movement than other contracts I watch. The tick charts and fixed targets with the trailing stop rules allow you to stay in trades for longer than you might watching minute charts (that's my impression at least). Other markets (say CL for instance) seem to trend in moves without the pullbacks the 6E generates. When I traded the 6E using my own methodology and minute charts I would get shaken out of moves in the 6E quite often.

thanks again.

surly

these are very good points you ask --

It did indeed take a long time to settle in with these charts. what i wanted to see was trends with tradable pullbacks to get in. I cant make money selling highs and buying lows, there are a lot of traders that love trading channels but that style does not fit my personality.

In searching for the right times and why i settled on these is that I know a lot of traders use the 233,377,510 tick time frames to day trade as these are all fib #'s. I settled on the 377 because I felt it offered the best trade setups with a moderate amount of risk. The 233 was too fast it might be better for scalping but thats not what I do, the 510 tick was smoother but was too much risk on the entries

I do not recommend using minute based charts. the big money does not trade because a 3minute bar closed they trade price levels. Many times by the time a 3 minute candle closes your risk can be 20 + ticks.


As far as the 1508 chart i have always heard that you should use at least 2 time frames to trade and the 2nd time frame should be 3-4 times higher than the trading chart. hence the 1508 is 4 times the 377

Charles

  #410 (permalink)
 Family Trader 
Palm Beach County
 
Experience: Advanced
Platform: OEC about to change to Ninja
Trading: ES ,EUR/USD
Posts: 179 since Feb 2011
Thanks Given: 66
Thanks Received: 90


Charles,

This has been a very interesting thread to follow, although I do get a little rattled with some of the conditions.

I noticed you indicated you had one or more trades today.

Any chance you could indicate to us the entry and exits so that we may follow through with the charts?

Any chance you could video one of your set ups (trades) so we can follow through your process?

Thankyou..

Visit my NexusFi Trade Journal
Thanked by:

Closed Thread



Last Updated on October 5, 2011


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts