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 440,307 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

  #801 (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

perfect entry at 9:49 CST 21 gain

https://screencast.com/t/CProfL2J


Can you help answer these questions
from other members on NexusFi?
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
Build trailing stop for micro index(s)
Psychology and Money Management
NexusFi Journal Challenge - April 2024
Feedback and Announcements
Futures True Range Report
The Elite Circle
ZombieSqueeze
Platforms and Indicators
 
  #802 (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


supermht View Post
perfect entry at 9:49 CST 21 gain

2011-07-08_0958 - supermht's library

There was no heat at all. I could not find anything against the trade in either chart. But what surprised me the most was that right after the 21 tick fill, the price went up

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



masood chughtai View Post
There was no heat at all. I could not find anything against the trade in either chart. But what surprised me the most was that right after the 21 tick fill, the price went up


Nice trade traders, this has been the only good setup per the rules for the day as I took it as well

those who wait get paid eventually

Charles

  #804 (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

Thanks Charles, this is the only trade I took today, done for this week.

  #805 (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


cjbooth View Post
Nice trade traders, this has been the only good setup per the rules for the day as I took it as well

those who wait get paid eventually

Charles

When price was going up, my train of thought was that I wonder if 1508 cloud would reject the up move and that if price would come below 1508 13 MA. Once it did, my thoughts were would this significat divergence on 377 chart give us 21 ticks or not. In other words nothing happened haphazzaardly. It must have been a slower PA.

  #806 (permalink)
 Lmess 
San Antonio, TX
 
Experience: Intermediate
Platform: SierraCharts
Trading: ES, 6E
Posts: 123 since May 2011
Thanks Given: 15
Thanks Received: 99


masood chughtai View Post
There was no heat at all. I could not find anything against the trade in either chart. But what surprised me the most was that right after the 21 tick fill, the price went up

In my charts, the entry candle closed at 1.4242, so the 21 tick profit was filled after the 14 tick retracement on the bounce at 1.4223, when trade was 19 ticks in profit. Seems like when using tick charts, a couple of ticks can really make a big difference. But aside from that, it was a "textbook" entry.

Seems I'm starting to understand and implement it better. Woohoo!

  #807 (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


Lmess View Post
In my charts, the entry candle closed at 1.4242, so the 21 tick profit was filled after the 14 tick retracement on the bounce at 1.4223, when trade was 19 ticks in profit. Seems like when using tick charts, a couple of ticks can really make a big difference. But aside from that, it was a "textbook" entry.

Seems I'm starting to understand and implement it better. Woohoo!

I did only a few ticks on the first entry as price as noted has closed within the cloud and above the triggerlines but immediately after i got another entry. Obviously, i could have hold but my trailing stop was at 1.4235 and my entry at 1.4242. Next entry was at 1.4227, exit at 1.4205.

  #808 (permalink)
 SeeTrader 
Missouri
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP
Trading: ES
Posts: 77 since Apr 2010
Thanks Given: 169
Thanks Received: 34

I have question about the stop on the 9:50 trade. After the low of that up bar at 9:53 is taken out isn't the stop moved a tick or two above that up bar? My chart has a high of 34 on that up bar and so the stop would be at 35 or 36 which would have been taken out with about a 3 or 4 tick profit before the market dropped.

I'm not too clear when to tighten the stop.

Thanks!

  #809 (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


SeeTrader View Post
I have question about the stop on the 9:50 trade. After the low of that up bar at 9:53 is taken out isn't the stop moved a tick or two above that up bar? My chart has a high of 34 on that up bar and so the stop would be at 35 or 36 which would have been taken out with about a 3 or 4 tick profit before the market dropped.

I'm not too clear when to tighten the stop.

Thanks!

Follow the guide:




  #810 (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



cjbooth View Post
Nice trade traders, this has been the only good setup per the rules for the day as I took it as well

those who wait get paid eventually

Charles

Are most of you guys full time traders? What do you guys do throughout the day between trades using this method when there are so few trades, sometimes none for days? How do you keep your focus on the market throughout the day, in order not to miss that one or two trades for the day?


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