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My 6E trading strategy
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My 6E trading strategy

  #491 (permalink)
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trendisyourfriend View Post
Here is a trade setup on the ES that comes close to respecting Charles's rules. We need to live with such ambiguity and be ready to risk a little bit if the potential is appealing.

I agree the bar you indicated on your 377 chart is the one that satisfies the requirements of Charles' method - the only exception might be the R:R because the stop is potentially 14 ticks away depending on where you got filled on the short (Charles suggests being 2 ticks above the last swing high for a short).

I know you've been watching the TF as well, do you feel there are any significant differences with regards to this specific method when trading the stock indices? This is something I'd like to compare notes on...

 
  #492 (permalink)
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forrestang View Post
I really only saw one trade that I liked the look of today and fit the the rules as I understand them.

Was taken out at BE on the trail.


I saw this trade setting but passede on it for these reasons
1. the retracement before the entry was moving up really fast showing a lot of buyers were coming in for some reason
2. when the entry triggered the market again jumped really fast which pretty well assures you of a bad fill

Where you got filled the R/R was out of line but you did a good job getting out at BE

Charles

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  #493 (permalink)
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cjbooth View Post
While I am here a minute what settings are you using on that swing indicator you gave me the zip file for.

When i plot it I get all kinds of crap on the chart

If you could share the indicator settings I would appreciate it

charles

I have not provided it but i can give you the link to the lastest version:

Downloads - NinjaTrader 6.5 Indicators - PriceActionSwing - Big Mike's Trading Forum

Regarding the settings someone else use these parameters:
https://futures.io/forex-currency-trading/10920-my-6e-euro-eur-usd-futures-contract-trading-strategy-40.html#post127690

and these:
https://futures.io/forex-currency-trading/10920-my-6e-euro-eur-usd-futures-contract-trading-strategy-40.html#post127708

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  #494 (permalink)
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swing

Hi, Charles, if you have any questions on priceactionswing indicator, please let me know,I can show you how to change setting.

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  #495 (permalink)
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trades I took today

Hi, Charles, here are trades I took today

Attached Thumbnails
My 6E trading strategy-win.png  
 
  #496 (permalink)
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cjbooth View Post
While I am here a minute what settings are you using on that swing indicator you gave me the zip file for.

When i plot it I get all kinds of crap on the chart

If you could share the indicator settings I would appreciate it

charles



I provided that link.

if you think it's all crap, than I suggest you stick with your zig zag utc

 
  #497 (permalink)
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supermht View Post
Hi, Charles, here are trades I took today

Very well done supermht. I think you played this day remarquably well in line with Charles's approach. It would be a great idea to record and anotate the day along with the perfect trade management vs what you were able to do.

Go Boston Go

 
  #498 (permalink)
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Price Action Swing

I think Charles was referring to all the indicators being turned on at once and wanted the simplified settings to just get the swings. I don't think he was criticizing the indicator.


Silvester17 View Post
I provided that link.

if you think it's all crap, than I suggest you stick with your zig zag utc


 
  #499 (permalink)
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supermht View Post
Hi, Charles, here are trades I took today

supermht, i would be curious to see your point of entry for the trade indicated on my chart. I have not traded it but i have indicated where i would have considered an entry (see #3). The entry bar took some time to qualify for a reasonable risk on my chart. Thanks.

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My 6E trading strategy-6e_20110616_t4.jpg  
 
  #500 (permalink)
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Surly View Post
...
I know you've been watching the TF as well, do you feel there are any significant differences with regards to this specific method when trading the stock indices? This is something I'd like to compare notes on...

I am not sure yet. I have not enough screen time with Charles's approach and forward tests. My first impression is that for the ES it can work if the daily range is above average, ie, above 15-20 points minimum. For the RUSSELL, it depends on the quality of the pullbacks into the MA and cloud. Sometimes, the pullbacks are too short, not enough to be traded or they go too deeply into the cloud. For the ES, the fixed profit target needs to be worked a little bit, i am unsure, maybe a risk of 6-8 ticks with a profit of 8-12+ ticks. I would not consider a close within the cloud as an exit if price goes against me. I would accept some heat with the ES. The ES has a tendency to break a level but immediately make a pullback to your entry to force your hand so you need to accept that.


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