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


My 6E trading strategy
Updated: Views / Replies:248,809 / 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 Ė 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 donít 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

  #891 (permalink)
Elite Member
Bala, PA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
Favorite Futures: SPY, Oil, Euro
 
monpere's Avatar
 
Posts: 1,858 since Jul 2010
Thanks: 300 given, 3,276 received


forrestang View Post
I don't remember exactly? Looking at the chart now, I would say it was because the LL proceeding my entry technically wasn't a LL based on where it closed.

So basically a mental fubar.

That was a set-up question No matter what answer you give, my response would be, you did not follow your entry rules, or if you said you do not have entry rules, then that would demand the same answer. The lesson is, if you have rules, and you follow the the rules, you should never have to say, I entered late, I exited early, I should have...blah, blah. I have never said any of these phrases in the past 2 years. From what I can tell, I don't think I've ever seen cjbooth say these either anywhere in this thread. The reason is, he has well defined rules, and he follows them.

The following user says Thank You to monpere for this post:
 
  #892 (permalink)
Urban Samurai
Chicago IL
 
Futures Experience: Intermediate
Platform: Ninja, MT4,TOS, SC, Matlab
Broker/Data: CQG, AMP, MB, DTN
Favorite Futures: E/U, G/U
 
forrestang's Avatar
 
Posts: 1,039 since Jun 2010
Thanks: 226 given, 688 received


monpere View Post
That was a set-up question No matter what your answer you give, my response would be, you did not follow your entry rules, or if you said you do not have entry rules, then that would be require the same answer. The lesson is, if you have rules, and you follow the the rules, you should never have to say, I entered late, I exited early, I should have... I have never said any of these phrases in the past 2 years. From what I can tell, I don't think I've ever seen cjbooth say that either anywhere in this thread. The reason is he has well defined rules, and he follows them.

Ya, I'm sure that's why I closed it so fast, while it was moving in my direction. That was a 'no-trade.'

 
  #893 (permalink)
Elite Member
Bala, PA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
Favorite Futures: SPY, Oil, Euro
 
monpere's Avatar
 
Posts: 1,858 since Jul 2010
Thanks: 300 given, 3,276 received



forrestang View Post
Ya, I'm sure that's why I closed it so fast, while it was moving in my direction. That was a 'no-trade.'

In that case, Yup! that's the way to handle those "Doh!!!" moments, just kill the trade.

 
  #894 (permalink)
Elite Member
London
 
Futures Experience: Beginner
Platform: MultiCharts
 
Posts: 230 since Nov 2010
Thanks: 10 given, 20 received

someone coded this strategy for multicharts?

 
  #895 (permalink)
Urban Samurai
Chicago IL
 
Futures Experience: Intermediate
Platform: Ninja, MT4,TOS, SC, Matlab
Broker/Data: CQG, AMP, MB, DTN
Favorite Futures: E/U, G/U
 
forrestang's Avatar
 
Posts: 1,039 since Jun 2010
Thanks: 226 given, 688 received


bomberone1 View Post
someone coded this strategy for multicharts?

I dont' think there is anything to code as it pertains to a strategy? UNless you just mean are the indicators there for multicharts?

But here are some links to the easy language counterparts:

https://futures.io/elite-circle/11130-want-your-easylanguage-indicator-created-free.html#post127981

 
  #896 (permalink)
Elite Member
Orlando, USA
 
Futures Experience: Beginner
Platform: Ninja Trader
Favorite Futures: 6E
 
Posts: 6 since May 2011
Thanks: 18 given, 1 received


forrestang View Post
Did anyone find any good trades on the 6E today?

Today's European session was junk today as well. Guess it's time for a long weekend. Hopefully Monday things will get back to 'normal'

 
  #897 (permalink)
Elite Member
Bala, PA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
Favorite Futures: SPY, Oil, Euro
 
monpere's Avatar
 
Posts: 1,858 since Jul 2010
Thanks: 300 given, 3,276 received


eroc23 View Post
Today's European session was junk today as well. Guess it's time for a long weekend. Hopefully Monday things will get back to 'normal'

I don't trade the 6E, but anybody know if this might be a summer time seasonal behavior for this instrument?

 
  #898 (permalink)
Trading Apprentice
Chicago, Il
 
Futures Experience: Master
Platform: X_TRADER
Favorite Futures: currency futures
 
Posts: 21 since Jul 2010
Thanks: 3 given, 19 received

I've traded 6e (and dm privously) since it's inception. there's no real seasonal bias but intr-day, the market has good ranges as it ratchets around.

 
  #899 (permalink)
Urban Samurai
Chicago IL
 
Futures Experience: Intermediate
Platform: Ninja, MT4,TOS, SC, Matlab
Broker/Data: CQG, AMP, MB, DTN
Favorite Futures: E/U, G/U
 
forrestang's Avatar
 
Posts: 1,039 since Jun 2010
Thanks: 226 given, 688 received

If anyone has other instruments they've been watching, along with what settings for the chart resolution, I'd be interesting in hearing WHAT you use, and WHY you've chosen that setting.

Example, I've been looking at the CL, and the 1508/377 combo appears to provide a similiar frequency of signal as the 6E. Along with that I am looking at stop/target of 13/25 tics. Also, instead of giving it a minimum of 2 tics within a SR level like 6E, I'm willing to give it 4 tics based on the way CL moves. Everything else is the same (not looking for changes in settings indicators, just chart resolution and why).

I didn't mess with the TF, but I did bring it up quickly. The 1508/377 looks fine, but it was a completely different frequency of signal, in that 1508 tics on TF doesn't bring up as many trades due to the volatility of TF compared to CL or 6E.

The reason I mention is because Charles mentioned the other day there is a certain 'look' that provides the best opportunities. I think for me personally, it would be nice to tune my eye to 'that look.' This particular 'look' happens every once and a while, and once one could recognize this 'look' easily, deploying it across a few instruments might make trading a bit easier. There are valid trades without 'the look,' but for me I would like to have the option to look just for that one type of pa.

'The Look' was basically price remaining above/below the cloud in an obvious trend. The cloud will also have some fatness to it. Basically anytime price goes more than a few tics into the cloud, the look dissapears.

In the case of price coiling, or not really being in that obvious trend.... when it starts to move in one direction or another, waiting for 'that look' could make things easier.

Here are two different instruments over the same period. I tried to mark off the areas with 'the look' in green, and the other areas where price isn't in that obvious trend mode in red.

Attached Thumbnails
My 6E trading strategy-prime2011-07-15_083327.jpg   My 6E trading strategy-prime2011-07-15_084008.jpg  
The following 3 users say Thank You to forrestang for this post:
 
  #900 (permalink)
Elite Member
Kansas City, MO
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Futures
 
Posts: 36 since Jul 2010
Thanks: 494 given, 10 received



monpere View Post
I don't trade the 6E, but anybody know if this might be a summer time seasonal behavior for this instrument?

I am just guessing here, but the European banks' stress tests are due to be released today at 12:00 eastern time. Even though there have been some leaks, I am guessing that will be a big news event and may have something to do with the lackluster action the last few days.

The following user says Thank You to mizzoutrader for this post:

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)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

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 05:48 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 2017-12-12 in 0.14 seconds with 20 queries on phoenix via your IP 54.167.44.32