6E this morning - Currency Futures | futures.io
futures.io futures trading

Go Back   futures.io

> Futures Trading, News, Charts and Platforms > Traders Hideout > Currency Futures

6E this morning
Started:January 17th, 2012 (05:50 AM) by Ssafran Views / Replies:782 / 3
Last Reply:January 17th, 2012 (02:11 PM) Attachments:1

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • 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, and we will never resell your private information.

-- Big Mike

Thread Tools Search this Thread

6E this morning

Old January 17th, 2012, 05:50 AM   #1 (permalink)
Trading Apprentice
Tel aviv
Futures Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: 6E, NQ
Ssafran's Avatar
Posts: 1 since Jan 2012
Thanks: 1 given, 1 received

6E this morning

Hi Everyone,

I am new here, My name is Shlomi, From Israel

little backround, I trade for about a year now. I started with Sp and qqq stocks but went for CME Future two months ago.

All my knowledge came from self study, and I feel things starts going in the right direction.

I use Ninja as platform and mainly trade 6E as I find it very technical.

My Charts setup are 5,15,60 and daily.
I use SMA 8, 20, 200 on all Charts.
I define trend by the 60 min Chart. when bar close above the 20SMA it's uptrend, below is downtrend.
Also Fibonach retracement, up to 60% retrace i consider as retrace. 1 tick above the 60% I consider as trend changing and whatever comes after I see as a retrace of the NEW trend.
Please your feedback are appreciated.

1. I enter with trend position according to the above, after retracement, accordind to 5min setup with swing 3 (DB Higher low, Higher High for long) , And wait for SMA 8 to cross with the 20 in my direction

2. I am looking into another intersting setup I discovered and would like to have you inputs and thoughts.
I enclosed SS of 6E this morning.
I have explained my self this setup as followed: After breakout occurred (100% as it already happened) in this case long position breakout. and reaches it's high, investors are taking their targets. price goes down a bit, creating a low candle (10:00 candle), another try to go higher (10:05 candle). I draw extension as in the SS and go short for 100% target.
In my believe as I understand, this position is a safer than breakout since investor who still in long position. placed their Sell stop market order, below the 10:00 candle. I short with them .
Please your thoughts.

Thank you all, hope to fit in this forum and benefit and hopefully contribute...


Attached Thumbnails
6E this morning-6e-03-12-5-min-17_01_2012.jpg  
Reply With Quote
The following user says Thank You to Ssafran for this post:

Old January 17th, 2012, 05:50 AM   #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.


Old January 17th, 2012, 05:59 AM   #3 (permalink)
Elite Member
San Diego, CA USA
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
GridKing's Avatar
Posts: 3,650 since May 2011
Thanks: 588 given, 876 received

Great post, the only thing I can add is just my 2 cents that over the past 6 months /year or so, retraces have been a bit more dramatic more often , seemingly to bust stops and churn commissions, I have included 76.4% (or I guess 78.6 being more relevant to fibs depending on software used) for perspective on this as a result ..... just an observation

"Successful trading is one long journey, not a destination" Peter Borish Former Head of Research for Paul Tudor Jones speaking on conversations with John F. Carter

Last edited by GridKing; January 17th, 2012 at 06:09 AM.
Reply With Quote
The following user says Thank You to GridKing for this post:

Old January 17th, 2012, 02:11 PM   #4 (permalink)
Site Administrator
Manta, Ecuador
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
Big Mike's Avatar
Posts: 45,447 since Jun 2009
Thanks: 28,848 given, 79,603 received

Thread Moved

Moved from Commodities
Moved to Currencies

When creating a new thread, note which subforum you are in. Here is a short list of suggestions:

- Topic: Anything to do with an Elite indicator -> Subforum: The Elite Circle
- Topic: Looking for an existing indicator, or how-to use an indicator -> Subforum: (the platform)
- Topic: Programmer needing help with non-Elite indicator -> Subforum: (the platform) - Programming
- Topic: Want an indicator created/modified -> Reply to "Want indicator created free" in Elite Circle
- Topic: Vendors (trading rooms, commercial indicators) -> Subforum: Vendors/Product Reviews
- Topic: Discussion of Forex or Currency trading -> Subforum: Forex and Currency Trading
- Topic: Journals of your trading -> Subforum: Trading Journals or Elite Trading Journals
- Topic: General trading related discussions -> Subforum: Traders Hideout
- Topic: Discussion of a trading method -> Subforum: Traders Hideout
- Topic: Automated Trading -> Subforum: Elite Automated Trading

Last, any Elite Member may create more or less any of these topics in The Elite Circle at your own discretion (your support is appreciated).

This is just a short general list and doesn't cover everything. If you are unsure where to create your new thread, just create it in Traders Hideout and a moderator will move it if necessary.

-- Big Mike Trading

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote


futures.io > Futures Trading, News, Charts and Platforms > Traders Hideout > Currency Futures > 6E this morning

Thread Tools Search this Thread
Search this Thread:

Advanced Search

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

NinjaTrader 8: Programming Profitable Trading Edges w/Scott Hodson

Elite only

Anthony Drager: Executing on Intermarket Correlations & Order Flow, Part 2

Elite only

Adam Grimes: Five critically important keys to professional trading

Elite only

Machine Learning Concepts w/FIO member NJAMC

Elite only

MarketDelta Cloud Platform: Announcing new mobile features

Dec 1

NinjaTrader 8: Features and Enhancements

Dec 6

Similar Threads
Thread Thread Starter Forum Replies Last Post
morning start up takes forever wldman Traders Hideout 13 October 15th, 2011 01:15 AM
One morning ..... kbit Jokes 0 August 8th, 2011 08:32 PM
Daily Morning Pre-trading Routines whatnext Psychology and Money Management 2 April 22nd, 2011 02:48 AM
Want YM value area data for each trading morning daveste99 NinjaTrader 5 March 30th, 2011 01:27 PM
Was BMT website down ths morning. Slack Tech Support 2 January 28th, 2011 12:49 PM

All times are GMT -4. The time now is 02:25 AM.

Copyright © 2016 by 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 2016-10-28 in 0.08 seconds with 20 queries on phoenix via your IP