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My 6E trading strategy


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My 6E trading strategy

  #711 (permalink)
 
forrestang's Avatar
 forrestang 
Chicago IL
 
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cjbooth View Post
You read the chart perfectly this morning - you almost stole my video topics as I would be explaining every setup that you have mentioned here -

Charles

Nice!

I was marking up a chart, but it was rather detailed and taking me forever to make it all nice and pretty. I almost just made a 5 min video to save me some time instead of asking all the questions on the chart

Since the post I made discussing my troubles a few weeks ago, lately I've been having some really good days!

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  #712 (permalink)
 
lolu's Avatar
 lolu 
Lagos, Nigeria
Market Wizard
 
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mizzoutrader View Post
Wow, I took took two sim trades this morning, and made 21 ticks on each. I went short at 6:53 cst and again at 9:14 cst(I am not sure how to post my charts). Thanks Charles. Were there some other trades in that downtrend this morning that I missed?

Euro has been very bearish since my morning (GMT+1), and I got some 24 ticks Target 1 (2 contracts) and 25 ticks Target 2 (2 contracts) profits (see here and here).

Lolu

Attachment 42691

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  #713 (permalink)
cjbooth
aurora,il
 
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Hi traders,

Attached to this post is a link to watch how I traded today's price action

Click here to watch

[COLOR=#0066cc]http://www.anymeeting.com/tradingmymethod/E158DB8184[/COLOR]

An reminder for the next 2 days

1. Thursday is the ECB rate decision followed by a much more important news conference at 7:30 cst by Trichet of the ECB. I suggest you do not trade before or during that news conference, for those who have been with me for awhile you may remeber what happened last month. Trichet's comments will rock the Euro, be very careful during this time

2. Friday is non farm payrolls in the U S again I suggest you do not trade in front of this announcement, the mkt will be very choppy before it. Be careful after the news - there is an ole wise tale that the 1st move on the news is usually the wrong way

Charles

  #714 (permalink)
 
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 trendisyourfriend 
Quebec Canada
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Charles, i have just finished viewing your lattest video and i must tell it with more than a simple thanks that what you did in this thread is above average performance and sharing. Your system is sound, simple and relatively easy to trade. It's worth more than many of the systems that are sold at high price and too difficult to really master. Although the setups are not abundant a trader can easily adjust the size of each trade accordingly. A potential of $1000/week using 1 contract is realistic in my opinion. Someone that would need more would just need to trade more contracts instead of changing system to get more opportunities. I sincerely hope you'll win the contest.

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  #715 (permalink)
 milford 
ct
 
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cjbooth View Post
Hi traders,

Attached to this post is a link to watch how I traded today's price action

Click here to watch

[COLOR=#0066cc]http://www.anymeeting.com/tradingmymethod/E158DB8184[/COLOR]

An reminder for the next 2 days

1. Thursday is the ECB rate decision followed by a much more important news conference at 7:30 cst by Trichet of the ECB. I suggest you do not trade before or during that news conference, for those who have been with me for awhile you may remeber what happened last month. Trichet's comments will rock the Euro, be very careful during this time

2. Friday is non farm payrolls in the U S again I suggest you do not trade in front of this announcement, the mkt will be very choppy before it. Be careful after the news - there is an ole wise tale that the 1st move on the news is usually the wrong way

Charles


Hi Charles,

What indicator are you using draws horizontal yellow support and resistance line on 1508 tick chart? thanks

  #716 (permalink)
cjbooth
aurora,il
 
Posts: 319 since Aug 2009
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milford View Post
Hi Charles,

What indicator are you using draws horizontal yellow support and resistance line on 1508 tick chart? thanks


1st these yellow lines you refer to are not S&R lines they are the location of the Whole round #'s as in 1.4100, 1.4200 ect... which are respected and rejected very often

The indicator is attached below

RoundNumbers.zip

Set this indicator in settings to plot all #'s ending in "00", with a line width of 150

Charles

  #717 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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Swing Trader
 
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to @cjbooth for winning the iPad 2 contest!

Sent from my DROIDX using Tapatalk

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  #718 (permalink)
 
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 Massive l 
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Congrats cjbooth!

Thank you for sharing your knowledge.
Excellent journal

Visit my NexusFi Trade Journal
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  #719 (permalink)
 
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 lolu 
Lagos, Nigeria
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Although I'm only able to pick the ICHICLOUD from your setup, and integrate it into my own setup and style, and for that

Lolu

Visit my NexusFi Trade Journal
  #720 (permalink)
 supermht 
Naperville IL
 
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Big Mike View Post
to @cjbooth for winning the iPad 2 contest!

Sent from my DROIDX using Tapatalk

Congratulation, Charles, we learnt a lot from your thread, not only an indicator but the entire trading management !

thanks again.

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Last Updated on October 5, 2011


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