My 6E trading strategy - Currency Futures | futures io social day trading
futures io futures trading


My 6E trading strategy
Updated: Views / Replies:249,069 / 1,177
Created: by cjbooth Attachments:356

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Closed Thread
 356  
 
Thread Tools Search this Thread
 

My 6E trading strategy

  #71 (permalink)
Trading for Profit
aurora,il
 
Futures Experience: Intermediate
Platform: ninja
Broker/Data: AMP, zen-fire
Favorite Futures: currency futures 6E
 
Posts: 319 since Aug 2009
Thanks: 134 given, 1,390 received

reply to comment


trendisyourfriend View Post
About the ABCD correction is it not rather called an ABC correction as shown here:

Bulkowski’s Simple ABC Correction
http://thepatternsite.com/abc.html


Yes, it could be it really depends on which swing you apply point A to. If you use the swing that I have presented and trying to show other traders patterns they may not be aware of and the patterns logic as to how the market generally reacts to them then it is called the ABCD. If my intent was to confuse other traders, which it is not, I could have called it the Gartley pattern but to use that terminology is really confusing as Fib ratios play a roll in it

So in essence I refer to it as the ABCD as I place point A at the origination of the pattern

Thanks for your question -

Charles

The following 2 users say Thank You to cjbooth for this post:
 
  #72 (permalink)
Elite Member
Denver Colorado
 
Futures Experience: Intermediate
Platform: Ninja trader
Favorite Futures: ES
 
jwdixon's Avatar
 
Posts: 110 since May 2011
Thanks: 104 given, 354 received

Charles, thanks for the method! By the sounds of it you did not trade today but I did take this 1 trade about 5 my time, After reading this morning ( after the trade) I will start to watch the Asian move closer...this one worked out but might not always be so lucky....Thanks again

Attached Thumbnails
My 6E trading strategy-6e-06-11-1508-tick-5_31_2011.jpg   My 6E trading strategy-6e-06-11-377-tick-5_31_2011.jpg  
The following user says Thank You to jwdixon for this post:
 
  #73 (permalink)
Trading for Profit
aurora,il
 
Futures Experience: Intermediate
Platform: ninja
Broker/Data: AMP, zen-fire
Favorite Futures: currency futures 6E
 
Posts: 319 since Aug 2009
Thanks: 134 given, 1,390 received

reply to comment



jwdixon View Post
Charles, thanks for the method! By the sounds of it you did not trade today but I did take this 1 trade about 5 my time, After reading this morning ( after the trade) I will start to watch the Asian move closer...this one worked out but might not always be so lucky....Thanks again

Thanks for posting your trade to the forum, I'm not going so say you were lucky but maybe a little early

1. you are correct in noticing the formation of the ABCD retrace, remember they are not that reliable on the 377
2. on the 1508 you did have a lower low into the cloud as you point out, as the 377 was setting up notice the 1508 candles went back above the cloud briefly and then get knocked down by the 13MA. This setup is very tricky there are and will be better looks than that
3. I use the Super trend indicator as it usually prevents a too early entry and also quick enough to not be terribly late

you are correct that I have not traded today - this price movement is terrible today - In this type of enviroment I just prefer to keep my powder dry and tomorrow is another day, its just way to choppy today for me

Thanks--

Charles

The following 3 users say Thank You to cjbooth for this post:
 
  #74 (permalink)
Elite Member
Nürnberg, Germany
 
Futures Experience: Intermediate
Platform: Ninja Trader
Broker/Data: IB/Kinetick
Favorite Futures: CL, YM
 
PowerM's Avatar
 
Posts: 110 since Jun 2010
Thanks: 156 given, 43 received

Hi JW,

just one thing I noticed: your ZigZagUTC indicator seems to be set on " Span =2" which is I think the default setting. This is why the ABCD comes up so nicely, but maybe you will miss a swing from time to time. Of course this is a matter of personnel preferences.
"Span = 1" gives a higher low incidentally exactly at the bar you entered short, please see the screenshot.
I am aware that it might not be impossible that our charts differ, as we are looking at tick charts, we may have different data providers etc. As I see that your bar highs and lows are identically to what I have, I suppose that it is the setting that differs



jwdixon View Post
Charles, thanks for the method! By the sounds of it you did not trade today but I did take this 1 trade about 5 my time, After reading this morning ( after the trade) I will start to watch the Asian move closer...this one worked out but might not always be so lucky....Thanks again


Attached Thumbnails
My 6E trading strategy-3.jpg  

Last edited by PowerM; May 31st, 2011 at 03:31 PM. Reason: text
The following user says Thank You to PowerM for this post:
 
  #75 (permalink)
Trading for Profit
aurora,il
 
Futures Experience: Intermediate
Platform: ninja
Broker/Data: AMP, zen-fire
Favorite Futures: currency futures 6E
 
Posts: 319 since Aug 2009
Thanks: 134 given, 1,390 received

reply to comment


PowerM View Post
Hi JW,

just one thing I noticed: your ZigZagUTC indicator seems to be set on " Span =2" which is I think the default setting. This is why the ABCD comes up so nicely, but maybe you will miss a swing from time to time. Of course this is a matter of personnel preferences.
"Span = 1" gives a higher low incidentally exactly at the bar you entered short, please see the screenshot.
I am aware that it might not be impossible that our charts differ, as we are looking at tick charts, we may have different data providers etc. As I see that your bar highs and lows are identically to what I have, I suppose that it is the setting that differs


PowerM

If you don't mind my reply here - setting the ZigZAg to 1 on the 377 will be way to volatile. Obviously a 377 tick is very fast chart and to have the ZigZag plotting all those swings you will get to many setups. That is why i set it at 2 to slow it down a little but use the setting of 1 on the 1508 to speed it up, being a much slower chart

charles

The following 2 users say Thank You to cjbooth for this post:
 
  #76 (permalink)
Trading for Profit
aurora,il
 
Futures Experience: Intermediate
Platform: ninja
Broker/Data: AMP, zen-fire
Favorite Futures: currency futures 6E
 
Posts: 319 since Aug 2009
Thanks: 134 given, 1,390 received

Support 7 resistance on the 377

hi traders,

With the market being as it was today it has given me too much time to play today - lol

Posted is a 377 chart with the indicator Dynamic SR applied to it. you might want to look at this if you desire its certainly not a requirement to enter a trade per my method although it might be good to know the structure on the 377 a little better.

obviously you can't be in a downtrend if you are not making lower lows right -- take a look at the chart

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


If you want to see it on your chart here is the zip file to import - set the period to 21 if it is not already

DynamicSR.zip

charles


Last edited by cjbooth; May 31st, 2011 at 04:19 PM. Reason: text
The following 6 users say Thank You to cjbooth for this post:
 
  #77 (permalink)
Elite Member
Brisbane Australia
 
Futures Experience: Intermediate
Platform: Ninja Trader
Broker/Data: MBT
Favorite Futures: Forex
 
Posts: 82 since May 2010
Thanks: 147 given, 21 received

Charles Is Super trend on the chart for a particular reason? Thanks John

 
  #78 (permalink)
Trading for Profit
aurora,il
 
Futures Experience: Intermediate
Platform: ninja
Broker/Data: AMP, zen-fire
Favorite Futures: currency futures 6E
 
Posts: 319 since Aug 2009
Thanks: 134 given, 1,390 received

reply to comment


jmacn View Post
Charles Is Super trend on the chart for a particular reason? Thanks John

Super trend is on the chart for 2 reasons

1. it can be a heads up for an entry
2. it can be a filter to getting in to early

it's basically just a filter not a holy grail

Charles

The following 2 users say Thank You to cjbooth for this post:
 
  #79 (permalink)
Trading for Profit
aurora,il
 
Futures Experience: Intermediate
Platform: ninja
Broker/Data: AMP, zen-fire
Favorite Futures: currency futures 6E
 
Posts: 319 since Aug 2009
Thanks: 134 given, 1,390 received

6/01 - 2 trades

Good Morning Traders,

I have taken 2 trades this morning and will show them here

1st trade

see 1508 chart pont #1, retrace to MA after a higher high

see 377 chart
#1 trigger bar closing above spinning top and through trigger lines
#2 hidden divergence on Stochastic
#3 trailing stop hit 1 tick below bar

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


2nd trade a bit more agrressive

see 1508 chart, we never completely made a lower low, watch as 1st swing up makes a lower high and then the 2nd swing up completes a M top

see 377 chart as it confirms the M top

#1 trigger bar closing below spinning top and trigger lines, just like the long trade earlier just reversed
#2 standard divergence on Stochastic, giving the M top more validity
#3 target filled

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Good Trading -

Charles


Last edited by cjbooth; June 1st, 2011 at 07:12 AM. Reason: text
The following 12 users say Thank You to cjbooth for this post:
 
  #80 (permalink)
Elite Member
san antonio texas
 
Futures Experience: Intermediate
Platform: ninja trader
Broker/Data: amp/zen fire
Favorite Futures: oil
 
Posts: 706 since Oct 2009
Thanks: 176 given, 3,278 received


Chrles could you please comment on long set ups at 7:19 and 7:28 cst. Thanks


Closed Thread



futures io > > > > My 6E trading strategy

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Best Strategy 6E - Net 10p per day traderjcf Currency Futures 15 December 3rd, 2015 02:19 PM
6E (EURUSD) trading alex123 Elite Trading Journals 35 September 17th, 2011 09:15 PM
Timeframes for Trading 6E traderjcf The Elite Circle 8 June 30th, 2011 01:22 AM
Trading the 6E camsolution Currency Futures 12 May 17th, 2011 09:00 PM
Trading 6E and DX tellytub The Elite Circle 7 August 4th, 2010 07:33 PM


All times are GMT -4. The time now is 10:48 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
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.
no new posts
Page generated 2017-12-14 in 0.34 seconds with 21 queries on phoenix via your IP 54.90.207.75