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Day Trading Currency Futures W/Multiple time frames
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Day Trading Currency Futures W/Multiple time frames

  #41 (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

You may not have seen this on my profile.
Favorite Instrument: ES, 6E, 6A, & TF Futures
I am liking the 6A more and more and the TF is moving up fast, also.
I also like the grains: soybeans, wheat, & corn.
Between the above, there are plenty of setups most of the day.
After seeing more of my posts, you will get the picture.
Good trading.
WK

Attached Thumbnails
Day Trading Currency Futures W/Multiple time frames-6e_on_7_charts-same_trade2012-10-18_0146.png  

Last edited by ESFXtrader; October 18th, 2012 at 09:22 AM.
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  #42 (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

The short entry on the 6B-British Pound in each of 5 charts is within 2 ticks all at the upper BB. I can't improve on what works for me. Hope you are beginning to see the power of this system.
Don't gamble your money away. Find what works for you and make it your system.
Good Trading.
WK

Attached Thumbnails
Day Trading Currency Futures W/Multiple time frames-6b_trade_on_5_charts2012-10-18_1445.png  
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  #43 (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


The 6B trade worked to perfection. Short at 161.44 and close at 160.37. The different closes ranged from 160.38 to 160.35, which was the low of the move.
The vertical red lines help you identify price at BBs.
Hope this helps those who follow this thread.
Good trading.

WK

Attached Thumbnails
Day Trading Currency Futures W/Multiple time frames-6b_short_and_close_on_4_charts-2012-10-18.png  
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  #44 (permalink)
Trading for Fun
south west UK
 
Futures Experience: Beginner
Platform: metatrader
Favorite Futures: Forex
 
Posts: 122 since Dec 2011
Thanks: 74 given, 15 received

thankyou for examples. i am still reading but think i have to fill gaps in background knowledge just to understand initial post1 charts!
p.s you can get an idea of what i have studied from my charts in harmonic trading thread begun by george.
fell free to advise.

 
  #45 (permalink)
Trading Apprentice
Novosibirsk + Siberia/Russia
 
Futures Experience: Advanced
Platform: ThinkorSwim, TWS.
Broker/Data: IB, TOS.
Favorite Futures: ETF, Stocks, Futures, Options
 
Cornix's Avatar
 
Posts: 21 since Oct 2012
Thanks: 1 given, 22 received

I strongly agree that multiple time-frames aka context are very important for successful trading. Myself I every day consider context starting from monthly chart (just to remind myself every morning what's it like) and down through weekly (intermediate trend), daily (short-term trend) and into intraday stuff (I day-trade the Euro).

The only difference is I trade almost entirely price action (well, OK, have volume and 20EMA on the charts too ).

Thanks for examples!

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  #46 (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

Although this is not currency futures, it does explain most of my trading system. I hope this answers any questions you may have had and good trading. Whatever futures' contract you trade, this system will work, although you may need to use a different tick or range chart.
WK

Attached Thumbnails
Day Trading Currency Futures W/Multiple time frames-cl-oil_trades_on_6tick_-r-_chart-2012-10-19-0617-1031.png  
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  #47 (permalink)
Trading for Fun
south west UK
 
Futures Experience: Beginner
Platform: metatrader
Favorite Futures: Forex
 
Posts: 122 since Dec 2011
Thanks: 74 given, 15 received

Thankyou for posting. I will study this and try to understand

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

Day Trading Currency Futures W/Multiple time frames

As you can see, this continues to work very well.
The charts shown have the trades marked and you will see that, within a very few ticks of each other, each trade has a great setup on more than one chart.
The charts shown are 30 min, 12 min, 6 min, & 6 Tick (r) [or range] charts.
Hope this will help your trading and, as always, good trading.
WK

Attached Thumbnails
Day Trading Currency Futures W/Multiple time frames-6a_trades_on_30_min_chart_2012-10-25-26.png   Day Trading Currency Futures W/Multiple time frames-6a_trades_on_12_min_chart_2012-10-25-26.png   Day Trading Currency Futures W/Multiple time frames-6a_trades_on_6_min_chart_10-25-26.png   Day Trading Currency Futures W/Multiple time frames-6a_trades_on_6_tick_-r-_chart_10-25-26.png  
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  #49 (permalink)
Elite Member
Dallas, TX
 
Futures Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: 6E, TF, Stocks
 
Posts: 25 since Feb 2012
Thanks: 23 given, 9 received


ESFXtrader View Post
Although this is not currency futures, it does explain most of my trading system. I hope this answers any questions you may have had and good trading. Whatever futures' contract you trade, this system will work, although you may need to use a different tick or range chart.
WK


ESFXtrader View Post
As you can see, this continues to work very well.
The charts shown have the trades marked and you will see that, within a very few ticks of each other, each trade has a great setup on more than one chart.
The charts shown are 30 min, 12 min, 6 min, & 6 Tick (r) [or range] charts.
Hope this will help your trading and, as always, good trading.
WK

ESFXtrader,

Thank you for posting your charts.
Are you trading with the Daniel Trading platform?
Wonder if your system works on Ninja Trader

 
  #50 (permalink)
Elite Member
Dallas, TX
 
Futures Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: 6E, TF, Stocks
 
Posts: 25 since Feb 2012
Thanks: 23 given, 9 received



ESFXtrader View Post
As you can see, this continues to work very well.
The charts shown have the trades marked and you will see that, within a very few ticks of each other, each trade has a great setup on more than one chart.
The charts shown are 30 min, 12 min, 6 min, & 6 Tick (r) [or range] charts.
Hope this will help your trading and, as always, good trading.
WK

ESFXtrader,

What is the setting on the blue, purple and green MA lines?

Thanks


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