Day Trading Currency Futures W/Multiple time frames - Currency Futures | futures io social day trading
futures io futures trading


Day Trading Currency Futures W/Multiple time frames
Updated: Views / Replies:17,918 / 82
Created: by ESFXtrader Attachments:86

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
 86  
 
Thread Tools Search this Thread
 

Day Trading Currency Futures W/Multiple time frames

  #21 (permalink)
Elite Member
Concord, NH USA
 
Futures Experience: Intermediate
Platform: Ninja trader
Broker/Data: AMP/CQG
Favorite Futures: ES
 
jdella's Avatar
 
Posts: 182 since Jun 2009
Thanks: 134 given, 110 received


ESFXtrader View Post
This post, which is duplicated on my other active threads, shows the settings on my Indicators. This should answer many questions.

WK

WK, What are the settings for the Blue & Purple MA's on the charts main panel?
Thanks

 
  #22 (permalink)
Elite Member
Boston, MA USA
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: futures
 
Posts: 2 since Jan 2012
Thanks: 3 given, 0 received

Hi, my name's Lou and I just started viewing this and some of your other threads. I hope you continue with this thread since I am just starting out and I am trying to learn how to trade the 6E (in sim up to now). Other than posting what the Blue & Purple MA settings on the chart's main panel are, can you also post what the bands are and settings? I'm assuming that they are Bollinger Bands...

 
  #23 (permalink)
Trading for Profit
West Coast of Florida
 
Futures Experience: Intermediate
Platform: TradeStation, Danials Trading
Favorite Futures: TF, CL, & HO HOs
 
ESFXtrader's Avatar
 
Posts: 505 since Jul 2010
Thanks: 56 given, 2,283 received

Day Trading Currency Futures W/Multiple time frames


I have posted the BB settings on several threads. I use 20, 2 & 20, 2.5 and I have found that these work best for my trading. Depending on the quickness of the chart from which you trade, you may need to adjust one of these.
Good trading.
WK

The following user says Thank You to ESFXtrader for this post:
 
  #24 (permalink)
Trading Apprentice
Vancouver, Canada
 
Futures Experience: None
Platform: None
Favorite Futures: FX?
 
Posts: 11 since Feb 2012
Thanks: 0 given, 0 received

Interesting thread,


jdella View Post
WK, What are the settings for the Blue & Purple MA's on the charts main panel?
Thanks

please answer above ^

 
  #25 (permalink)
Trading for Profit
West Coast of Florida
 
Futures Experience: Intermediate
Platform: TradeStation, Danials Trading
Favorite Futures: TF, CL, & HO HOs
 
ESFXtrader's Avatar
 
Posts: 505 since Jul 2010
Thanks: 56 given, 2,283 received

Day Trading Currency Futures W/Multiple time frames

I posted this on another thread. I copied it to show I have responded to this request. There is no need to offer what is being asked. If you have Danials Trading, then you can easily find the values and if not, there is no need. Simple.

Response:
Orange MA is 50EMA
The dashed red MA is the 20SMA and is associated with the BBs.
The others are proprietary to the charting package found with Danials Trading.
Green MA is 0.09 and is a Rolling MA, hence RMA is its name.
The others can be found if you have an account with Danials Trading.
They are both LSMA or Least Square Moving Average.
I developed these after a lot of trial and error and no other trader has them to date, but that doesn't mean you can't find them out if you follow my charts w/Danials Trading.
Remember, I have no affiliation with them, just love how well their charts have worked for me.
WK

The following 3 users say Thank You to ESFXtrader for this post:
 
  #26 (permalink)
Elite Member
Quebec
 
Futures Experience: Beginner
Platform: DTPro
Favorite Futures: Futures
 
Posts: 27 since Apr 2012
Thanks: 227 given, 40 received

my chart for friday sep 29

Guys,

am posting a chart with my interpretations of the basic rules for Friday Sept 28th for
GCL. My goal is to contribute to the thread and if possible solicit feedback and critique
from the master WK himself as time permits and thereby sharing any knowledge with anyone
who is interested. The arrow represent entries only. I review the market every day end of
day.

1. Entry long - close above two LSMAs - RSI agrees - CCI follows soon after
2. Entry short - close below two LSMAs - RSI agrees - CCI follows soon after
3. Entry long - close above two LSMAs - RSI agrees - CCI does NOT confirm - trying to
understand if this trade could have been avoided. Certainly an entry followed by an
immediate red i think is a cause for concern/exit ?

Circled area were not numbered. I see as many as 4 trades there a short/long/short/long.
RSI agrees with each of those - but would love to have a filter to avoid react to these.

4. Entry short - same as trade 2. there is another trade between 4 and 5 just noticed
5. Entry Short
6. Entry short - there was a long in between 5 & 6
7. Entry Long
8. Entry Long
9. Entry Short - another trade in between 8 & 9 long
10. Entry long
11. Entry short

etc etc - the rest are repeats of the approach. Lots of great trades in there - if I coule
filter some of the smaller fake outs I would be in great shape. The chart shows part of the
day it was too wide to post all in one go but this is a good reflection of a typical day imo.

look forward to any feedback - many thanks in advance !

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

The following 7 users say Thank You to leprechaun for this post:
 
  #27 (permalink)
Trading for Profit
West Coast of Florida
 
Futures Experience: Intermediate
Platform: TradeStation, Danials Trading
Favorite Futures: TF, CL, & HO HOs
 
ESFXtrader's Avatar
 
Posts: 505 since Jul 2010
Thanks: 56 given, 2,283 received

Day Trading Currency Futures W/Multiple time frames

Leprechaun,
For your information, I thought I would critique the trades which you have marked:
First, I appreciate that you posted trades using my trading plan. Since this is the currency thread, this might have been better served posting in the following thread:
https://futures.io/commodities-futures-trading/23195-cl-crude-oil-futures-contract-day-trading-edge-multiple-charts-2.html
Therefore, If you can, please add your post to the above thread and well done on the trade markings.
You are a quick learner.
#1 Best entry was a long at the Green MA @92.29 instead of 92.37
#3 Note the strong bearish trend and wait for a divergence at the BB at the close of the Red candlestick within the circle. Price at 91.95. Moved to 92.06 for 10 ticks+. Pulled back and the 4th trade, which we'll call #3B is a confirmed long at the close of the Green candlestick over the 2 MAs. Price at 91.99. More aggressive traders will go long at the double bottom w/ divergence.
#4B is a long at the Green MA
#5 has an earlier short entry at the BB w/divergence at 92.38. That is 12 ticks better entry.
There is another long trade at the Green MA back to the BB, where I would have reversed at 92.40. Long from 92.22 to 92.40 and reverse. High was 92.43.
The next trade is a long at the Green MA at 92.27 for another 13 ticks. Low was 92.18. As you can see, with 12 ticks risk on the stop, still no losses. The high before pulling back to the MAs is 92.38 (10 ticks+).
Next trade is a long at the lower MA at 92.27, which only moves up 10 ticks and pulls back to lower MA again.
Next long trade is at 92.29. The close is at the close of the 2nd red candlestick at 92.48. The high was at 92.56.
Next trade is a short at upper MA-Blue at 92.54. The exit here has options as you will note that the 2 MAs are wide apart and moving toward the Green MA when the price hits the Green MA. If you reverse at the Green MA w/12 tick stop, it will come within 1 tick of taking you out of the trade before reversing. With practice, you will either hold short for further gains, or close short at Green MA and reverse with only part of a normal trade and add to it at close of first green candlestick or at the first green candlestick that closes over the 2MAs (or another indicator on some other trade, such as double bottom w/divergence, BB, etc.) This moves to a perfect reversal at 92.82 at upper MA.
Next trade, therefore, is a short at the upper MA at 92.82 and hold till BB or beyond.
The chart added shows the other trades.
Hope this helps.
The more you follow the charts, the quicker you can build the perfect system for yourself.
You may find a single setup that you prefer and perfect it on several different contracts.
Good Trading and thanks again.
WK
PS I have added 6S, Swiss Franc futures' contract, since this Thread is on currencies. This shows that the 8 tick (r) works very well, too. See for yourself. I have just started following the 8 tick (r).

Attached Thumbnails
Day Trading Currency Futures W/Multiple time frames-cl-oil_6_tick_-r-_chart_-_trades_plus2012-09-28.png   Day Trading Currency Futures W/Multiple time frames-6s_8tick_-r-_chart_-_trades2012-09-18-19.png  

Last edited by ESFXtrader; September 30th, 2012 at 09:05 AM.
The following 3 users say Thank You to ESFXtrader for this post:
 
  #28 (permalink)
Elite Member
Quebec
 
Futures Experience: Beginner
Platform: DTPro
Favorite Futures: Futures
 
Posts: 27 since Apr 2012
Thanks: 227 given, 40 received

WK !

wow you really provided details on all trades and elaborated on many aspects of your method - sincere thanks for taking time especially on a Sunday to mark up the charts and review my notes. I have gone through all your notes once and my homework is set for the week to continue to review. I particularly like your stop strategy which will let the runners run and prevent a winner from being a loss after any trace of modest gains. Am seeing a lot of subtle formations become more apparent also. Thanks also for the swiss Franc chart and detailed annotations.

I re-posted on other thread as requested and we can ask BigMike to remove it from this one in the interest of good housekeeping if you wish.

again - thank you so much for your time, insights and generosity - much appreciated.

CB

The following user says Thank You to leprechaun for this post:
 
  #29 (permalink)
Trading for Profit
West Coast of Florida
 
Futures Experience: Intermediate
Platform: TradeStation, Danials Trading
Favorite Futures: TF, CL, & HO HOs
 
ESFXtrader's Avatar
 
Posts: 505 since Jul 2010
Thanks: 56 given, 2,283 received

Day Trading Currency Futures W/Multiple time frames

Since Big Mike was the first one to thank your for your addition, we sure don't need to remove it...It's all good. Continued thanks for spreading the good info and charts....keep up the good work and maybe some others will catch on just how powerful this is.

Good trading, as always.
WK

 
  #30 (permalink)
Trading for Profit
West Coast of Florida
 
Futures Experience: Intermediate
Platform: TradeStation, Danials Trading
Favorite Futures: TF, CL, & HO HOs
 
ESFXtrader's Avatar
 
Posts: 505 since Jul 2010
Thanks: 56 given, 2,283 received

Day Trading Currency Futures W/Multiple time frames


PM:
Your new Setup
Hi ESFXtrader, Thank you for sharing your setup. I have been trying trading for while but with no success. I have read your old setup but just came across your new setup and I would like to understand your rules to take long and short. Like what you look for when you take long or short (i.e RSI, CCI, BB and moving averages). i would really appreciate your help if you can describe long and short setup. Thank you again.

M______

P.S . I am trying to trade currency 6E

The following pages show posts to help you understand what I am doing:
https://futures.io/index-futures-trading/7347-tf-russell-2000-futures-contract-trading-using-cci-method-works-40.html
https://futures.io/commodities-futures-trading/23195-cl-crude-oil-futures-contract-day-trading-edge-multiple-charts.html Page 1&2
https://futures.io/commodities-futures-trading/22075-day-trading-corn.html
https://futures.io/forex-currency-trading/21968-day-trading-currency-futures-w-multiple-time-frames.html
The last Thread may be the best for learning my system.
Be aware of the Green, Blue, & Violet MAs and how the price reacts to each and after each with each chart.
You know the trend is your friend. You may want to only take trades off the Green MA with the trend.
Hope this covers your request.
WK

Attached Thumbnails
Day Trading Currency Futures W/Multiple time frames-6a_6_tick_-r-_chart2012-6-26.png  
The following 5 users say Thank You to ESFXtrader for this post:

Closed Thread



futures io > > > > Day Trading Currency Futures W/Multiple time frames

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
Multiple Time Frames jkinneberg NinjaTrader Programming 17 March 21st, 2015 08:42 PM
Intraday Trading off Unpopular Time Frames UnderPar Psychology and Money Management 2 March 11th, 2012 07:39 PM
ninja 7 info on multiple time frames for indicators jrs659 NinjaTrader 6 August 16th, 2011 02:16 PM
Webinar: Multiple Time Frames - Trading with Trend Big Mike The Elite Circle 40 August 9th, 2011 08:21 PM
Queue a backtest in multicharts same symbol on multiple time frames? crbucks MultiCharts 4 June 23rd, 2011 11:33 AM


All times are GMT -4. The time now is 10:17 AM.

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 2017-12-17 in 0.14 seconds with 20 queries on phoenix via your IP 107.20.115.174