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:17,923 / 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

  #61 (permalink)
Elite Member
San Jose, Ca
 
Futures Experience: Beginner
Platform: Ninja
Broker/Data: AMP/CQG
Favorite Futures: Something moving
 
David_R's Avatar
 
Posts: 1,510 since Nov 2009
Thanks: 2,267 given, 2,371 received

6E, 6A an 6B

I took a look at some longer term charts of the Euro, Aussie and the Pound. To me, it looks as though they are setting up for a large more down. My assumptions is that they would all move the same direction against the dollar, but the charts do not all look the same. There is a Daily and a weekly of each. I am curious what others think. This is purely technical. I don't consider any funnymentals.

David

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

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

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

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

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

Attached Thumbnails
Day Trading Currency Futures W/Multiple time frames-6b-daily.jpg  
 
  #62 (permalink)
Elite Member
Birmingham UK
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: IG/eSignal
Favorite Futures: Dax
 
ratfink's Avatar
 
Posts: 3,340 since Dec 2012
Thanks: 11,283 given, 7,092 received


David_R View Post
I took a look at some longer term charts of the Euro, Aussie and the Pound. To me, it looks as though they are setting up for a large more down. My assumptions is that they would all move the same direction against the dollar, but the charts do not all look the same. There is a Daily and a weekly of each. I am curious what others think. This is purely technical. I don't consider any funnymentals.

Strictly for curiosity here's my long term EURUSD charts, there is basically a valid long setup on the monthly and nested short and long setups on the daily, latter being reason for the whipsaw stuckery of late. Concur regarding funnymentals or news as the setups are usually 9/10 already in place before the jumping around occurs.

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


L/t targets either 1.25 and 1.14 or 1.33 and 1.41 depending on chosen poison.

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


Each of A, B and C has its own personality and trending style as you say and all tend to respond to D as Mr Big.

Hard to know what is predicated for inflation/deflation/stagflation regardless of what setups hold or are busted as all the proponents themselves are already holding busted flushes.

Biggest differential I see is the US change in energy reserve status, is it enough to cover up that Minsky feeling again I doubt it. Hard to see how a blow up is avoidable but at what paper levels I have no idea, I suspect the credit destruction to come is still monumental but the apparent start of a new 60yr cycle in 2009 and the difficulty of calling the longwave as 09 or 13/16 does one's head in.

Travel Well

Last edited by ratfink; May 10th, 2013 at 06:22 AM. Reason: format
The following user says Thank You to ratfink for this post:
 
  #63 (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


If I get a PM, I will be glad to respond. I do check from time to time.
My system continues to work well. Here are some charts that may help you see what I mean.
They are all on the 6A and the 3rd shows 6 charts.
The last chart [8 tick (r)] would have prevented your closing the 2nd long trade on the 30 min chart and shorting at the green MA or RMA for a loss. Using this technique, you will be able to hold trades for bigger moves and prevent many losses.
Hope this helps, and, as always, good trading.

WK

PS I will soon post some FX charts used in a similar manner.
For those trading this software, see if your charts match mine. I would suggest that they don't.
May God Bless all those who have served in any capacity in our armed forces!!!
Thank you from the bottom of my heart.

Attached Thumbnails
Day Trading Currency Futures W/Multiple time frames-6a_4tick_-r-_chart_-_trades2013-05-27.png   Day Trading Currency Futures W/Multiple time frames-6a_6min_chart_-_trades2013-05-27.png   Day Trading Currency Futures W/Multiple time frames-6a_6_charts2013-05-27_2314.png   Day Trading Currency Futures W/Multiple time frames-6a_30min_chart_-_trades2013-05-24-27.png   Day Trading Currency Futures W/Multiple time frames-6a_8tick-r-_chart2013-05-24_.png  
The following 4 users say Thank You to ESFXtrader for this post:
 
  #64 (permalink)
Trading Apprentice
United Kingdom
 
Futures Experience: None
Platform: MetaTrader
Favorite Futures: Stocks
 
Posts: 8 since Mar 2013
Thanks: 10 given, 1 received


ESFXtrader View Post
If I get a PM, I will be glad to respond. I do check from time to time.
My system continues to work well. Here are some charts that may help you see what I mean.
They are all on the 6A and the 3rd shows 6 charts.
The last chart [8 tick (r)] would have prevented your closing the 2nd long trade on the 30 min chart and shorting at the green MA or RMA for a loss. Using this technique, you will be able to hold trades for bigger moves and prevent many losses.
Hope this helps, and, as always, good trading.

WK

PS I will soon post some FX charts used in a similar manner.
For those trading this software, see if your charts match mine. I would suggest that they don't.
May God Bless all those who have served in any capacity in our armed forces!!!
Thank you from the bottom of my heart.

Thanks for the charts, after reading through your threads I still find it very difficult to determine your entry criteria.

Could you please reply with a checklist of criteria which need to be filled enter a trade, I understand not all elements must be present on every trade but a list of the signs you look for, for example to enter the trades in the charts you posted above would be helpful.

Secondly, I assume you must be entering on the candle after the arrow, since you would need to wait for that candle to close, if so how can you be making a profit on a 6-tick chart, surely the spread or slippage erases your profits?

 
  #65 (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


benjjj6 View Post
Thanks for the charts, after reading through your threads I still find it very difficult to determine your entry criteria.

Could you please reply with a checklist of criteria which need to be filled enter a trade, I understand not all elements must be present on every trade but a list of the signs you look for, for example to enter the trades in the charts you posted above would be helpful.

Secondly, I assume you must be entering on the candle after the arrow, since you would need to wait for that candle to close, if so how can you be making a profit on a 6-tick chart, surely the spread or slippage erases your profits?

If you check the charts with notations in my threads, you will clearly see my entries. The entries at the close of the candle are only a small part of my overall trading entries. In those cases, there can certainly be some slippage using market orders and using limit orders, you will miss some trades. You will need to decide which works best for you. After using the demo for a while, you will know which is best and even after you begin with cash, you can change your mind. There are so many setups in all the futures, you will have no trouble finding a trade, your capital permitting. Some futures do require more margin and therefore a larger balance from which to work. Many of my trades are BB trades and, therefore, counter trend and are preset before the price gets to it. Many are at the RMA or green or Rolling Moving Average. Those are also preset, awaiting price arrival. Those are continuation trades.
Hope this heads those following this thread in the right direction.
This is the first time I am actually showing my settings. I use the 18 and 21 on the two MAs. This should help you get up to speed quickly. Good trading.
WK

Attached Thumbnails
Day Trading Currency Futures W/Multiple time frames-2013-03-18_1938.png   Day Trading Currency Futures W/Multiple time frames-2013-03-18_1941.png  
The following 2 users say Thank You to ESFXtrader for this post:
 
  #66 (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

Here I will post multiple charts on FX to help you see how well it works using 3 charts which must agree to take a trade. I am posting 4 & 6 tick RENKO charts and a 6 minute chart. After 4 & 6 tick RENKO charts agree and closed below the Blue MA, then only take the short trade when the price on the 6 minute is also below the Blue MA, but does not need to be closed. Longs are opposite: after 4 & 6 tick RENKO charts agree and closed above the Blue MA, then only take the long trade when the price on the 6 minute is also above the Blue MA, but does not need to be closed.
By using this system, you will eliminate most losses. Check it out and see if you do not agree.
Remember to move you stop to +1 PIP, or + 1 tick on futures contracts, after you have gained 10 PIPs or 5 ticks positive. This, too, will help prevent losses. If the setup is still good, you may even be able to re-enter the trade at a better price point or move on to some other FX pr or futures contract.
Hope this helps and, as always, good trading.
WK
You may substitute range charts for RENKO charts.

Attached Thumbnails
Day Trading Currency Futures W/Multiple time frames-2013-06-06_2218euraud-1.png   Day Trading Currency Futures W/Multiple time frames-2013-06-06_2218euraud-2.png   Day Trading Currency Futures W/Multiple time frames-2013-06-06_2218euraud-3.png   Day Trading Currency Futures W/Multiple time frames-2013-06-06_2218euraud-4.png   Day Trading Currency Futures W/Multiple time frames-2013-06-06_2218euraud-5.png   Day Trading Currency Futures W/Multiple time frames-2013-06-06_2218euraud-6.png   Day Trading Currency Futures W/Multiple time frames-2013-06-06_2241eurjpy.png   Day Trading Currency Futures W/Multiple time frames-2013-06-06_2312eurusd.png   Day Trading Currency Futures W/Multiple time frames-2013-06-06_2321eurusd_6min.png   Day Trading Currency Futures W/Multiple time frames-2013-06-06_2333audusd.png  

Day Trading Currency Futures W/Multiple time frames-2013-06-06_2340audusd.png  

Last edited by ESFXtrader; June 7th, 2013 at 02:33 PM. Reason: RENKO CHARTS
The following 3 users say Thank You to ESFXtrader for this post:
 
  #67 (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

Does anyone else like the longer time frames on FX trades?
Check out these 2 trades on EURAUD 120 min chart, where you short on close below the Blue MA and reverse on close above the Blue MA for 2 nice trades. Short @ 1.3525 to 1.3417 reverse. Of course, there was more to be had, but this allows one to move stop and return 2 hrs later to check, if still in trade, decide just what to do.
Simple and profitable....gotta love it.
As always, Good trading.
WK

Attached Thumbnails
Day Trading Currency Futures W/Multiple time frames-euraud_120_min_chart_-_trades2013-06-10_2217.png  
The following 2 users say Thank You to ESFXtrader for this post:
 
  #68 (permalink)
Elite Member
Quebec
 
Futures Experience: Beginner
Platform: DTPro
Favorite Futures: Futures
 
Posts: 27 since Apr 2012
Thanks: 227 given, 40 received

WK

thanks for on going charts and guidance. Yes the longer term charts offer some super rewarding trades. I also like the smaller range charts for added insight - the recent 4 tick chart you posted with the 6 tick is invaluable. I also see a lot of value in your Orange EMA - price above or below that gives a great overall directional bias Especially if price blows through the EMA without hesitation i.e. with a full 'wholesome bar' i.e. a bar with no retrace.

thanks as always !

L.

example of what I refer to - the 6 tick comes to a halt and the 4 tick shows why at 14:20 ~ on June 10th

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


Last edited by leprechaun; June 11th, 2013 at 05:42 PM.
The following user says Thank You to leprechaun for this post:
 
  #69 (permalink)
Elite Member
WA Europe
 
Futures Experience: None
Platform: Various
Favorite Futures: FUTURES
 
Posts: 122 since Mar 2013
Thanks: 44 given, 52 received

realy good stuff!

@ESFXtrader thanks for the great stuff in your journal.keep up the good work

 
  #70 (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


For those who have not yet joined the Elite group, don't you think it's about time to have access to some of the best posts and material available for traders?
For a trader, it can't be about the money. You will learn enough to make it up many times over. Get on board.
https://futures.io/elite-trading-journals/
https://futures.io/elite-trading-journals/23787-cl-crude-oil-futures-contract-trades-167.html#post340383
See what you are missing.
Good trading.
WK
PS The 800 tick chart on CL is well represented and you will see just how successful you can be.


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 01:11 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 2017-12-18 in 0.15 seconds with 20 queries on phoenix via your IP 54.92.201.232