New to the 6E, input appreciated :) - Traders Hideout | futures io social day trading
futures io futures trading


New to the 6E, input appreciated :)
Updated: Views / Replies:2,364 / 9
Created: by Xzap Attachments:0

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

Reply
 
Thread Tools Search this Thread
 

New to the 6E, input appreciated :)

  #1 (permalink)
Member
NC
 
Futures Experience: Intermediate
Platform: TransAct, Sierra charts
 
Xzap's Avatar
 
Posts: 47 since Jun 2009
Thanks: 2 given, 26 received

New to the 6E, input appreciated :)

Hey y'all

Dave from NC here. I've been trading the es but it's dried up and someone suggested I look at the euro.

I've been watching the euro chart for over a month now and would like some basic input from experienced traders on the most popular time frames, indicators, etc.

I use pivot points on Sierra charts. What would be my correct start and stop times for accurate pivots?

Thx,

dave

Reply With Quote
 
  #2 (permalink)
Elite Member
Los Angeles
 
Futures Experience: Beginner
Platform: SC, MT,
Broker/Data: Forex
Favorite Futures: Forex
 
Poocher's Avatar
 
Posts: 303 since Jun 2009
Thanks: 360 given, 106 received

Hey Xzap

My favorite for pivots is 5pm est.

Lots of people here have given positive feedback after using Sharky's indicators on forex. I use some of them:

https://futures.io/general-discussion/44-sams-charts-indicators-settings.html

I'd suggest using range charts of 3, 5 and 11pips for the eur/usd.

Then mainly trade during the London session.

Then mainly change over to NinjaTrader so you can use all the indicators here...its free software!

Good luck

Reply With Quote
 
  #3 (permalink)
Member
Boston
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: Infinity Futures/Transact
Favorite Futures: ES
 
Maletor's Avatar
 
Posts: 88 since Jun 2009
Thanks: 7 given, 26 received


Hello Xzap.

I trade with Sierra and TransAct too. Don't know about the ES being dried up. Last time I checked the liquidity was greater than any other asset on God's green Earth.

As far as the best indicators and time frames I think you're going to get a different answer from everyone here.

My suggestion is to just look at the higher time frames. I know when I started out I was under the impression that more bars = more trades = more money. And oh wow how I was wrong.

Sun Tzu once said that he could predict who was going to win a battle based on whichever general made the most calculations in his temple and, yes, the same can be said for trading. Plan your entries wait for the planets to line up if you have to. (Actually, I think some trader's do use astrology to trade...)

I like 5m, 15m, 30m, daily (and monthly) charts.
For indicators I like sharky's DoubleMA set to 20 ZLag / 20 ZLag.

But mainly I just use:
Lines: horizontal and slanty type
Price action
And a 20EMA.

When I'm feeling frisky I add volume, and when I'm feeling super happy go lucky I add MACD histogram and spot divergences. But that doesn't happen much anymore. I just like the lines, call me old fashioned.

As far as pivot points, I never found a good use for them. I used to use them, but they became less and less relevant as time went on. Maybe check out pivot points as they are calculated hourly. It will show some pretty neat stuff.

Hope this helps.

Reply With Quote
 
  #4 (permalink)
Elite Member
KANATA,ON Canada
 
Futures Experience: Beginner
Platform: Ninja
Broker/Data: Mirus,Zen-Fire
Favorite Futures: Currencies
 
sukhsan's Avatar
 
Posts: 106 since Jun 2009
Thanks: 93 given, 66 received

Hi Xzap,

I was used to trade Russel 2000 (TF) before when I saw this blog and Sam's (Sharkey) chart format I tried that setup on Euro, it work for me but you can see lots of setups but u ve to find which one is good according to u r money management,

I use 5 range and 11Range charts and scalp for 5 pips

what r the timming of London session according to EST ?

I donot know

GOOD LUCK


SSS

Reply With Quote
 
  #5 (permalink)
 Vendor: www.probabletrades.com 
OC, California, USA
 
Futures Experience: Advanced
Platform: IB/TWS, NinjaTrader, thinkorswim
Favorite Futures: stocks, options, futures, VIX
 
shodson's Avatar
 
Posts: 1,859 since Jun 2009
Thanks: 480 given, 3,255 received

London session starts 3am EST

http://www.2009.worldmarkethours.com/Forex/index.htm

Reply With Quote
 
  #6 (permalink)
Elite Member
Dubbo, NSW/Australia
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: AMP/CQG
Favorite Futures: dax,6e
 
Posts: 24 since Jun 2009
Thanks: 10 given, 15 received

Does anyone have any suggestions for a good broker for the 6E.
thanks

Reply With Quote
 
  #7 (permalink)
Trading Apprentice
Crescent Beach
 
Futures Experience: Advanced
Platform: Ninja
Broker/Data: Amp/ZenFire
Favorite Futures: Currencies, Stock Indicies & Eurex Bund
 
Posts: 5 since Jul 2009
Thanks: 4 given, 3 received


Xzap View Post
Hey y'all

Dave from NC here. I've been trading the es but it's dried up and someone suggested I look at the euro.

I've been watching the euro chart for over a month now and would like some basic input from experienced traders on the most popular time frames, indicators, etc.

I use pivot points on Sierra charts. What would be my correct start and stop times for accurate pivots?

Thx,

dave

Hi Dave,

I've traded the EuroFX for a long time. It's historically a great market. The ES is choppy by nature but now has many more sustained trend moves while the EuroFX is a trending market by nature that has become more choppy lately. I'm doing the opposite -- trading ES more and EuroFX a little less.

Used to be trading 8:20 AM to 12:00 Noon (Eastern) was fine, but for the past few months, I've been getting up in the middle of the night to trade the London session too which still trends better and doesn't have as much chop . . . although 50-tick runners are still available 1-2 times a day at least. You'll get slippage in the Overnight Session on most stop orders, so be ready for it, and many partial fills on multiple lots with your limit orders.

Also, EuroFX is a market that just doesn't stay contained for too long.

I use 5-Minute Bars mostly and scalp, but you can see super reversals using 60-Minute Bars. However, the larger your time frame, the larger your Profit Target and Stops should be.

I usually don't use indicators much. I trade price action and pivots.

Hope this helps . . .

Good Luck!
Chartsky

Reply With Quote
The following 2 users say Thank You to Chartsky for this post:
 
  #8 (permalink)
Member
NC
 
Futures Experience: Intermediate
Platform: TransAct, Sierra charts
 
Xzap's Avatar
 
Posts: 47 since Jun 2009
Thanks: 2 given, 26 received


Chartsky View Post
Hi Dave,

I've traded the EuroFX for a long time. It's historically a great market. The ES is choppy by nature but now has many more sustained trend moves while the EuroFX is a trending market by nature that has become more choppy lately. I'm doing the opposite -- trading ES more and EuroFX a little less.

Used to be trading 8:20 AM to 12:00 Noon (Eastern) was fine, but for the past few months, I've been getting up in the middle of the night to trade the London session too which still trends better and doesn't have as much chop . . . although 50-tick runners are still available 1-2 times a day at least. You'll get slippage in the Overnight Session on most stop orders, so be ready for it, and many partial fills on multiple lots with your limit orders.

Also, EuroFX is a market that just doesn't stay contained for too long.

I use 5-Minute Bars mostly and scalp, but you can see super reversals using 60-Minute Bars. However, the larger your time frame, the larger your Profit Target and Stops should be.

I usually don't use indicators much. I trade price action and pivots.

Hope this helps . . .

Good Luck!
Chartsky

Thanks Chartsky,
I also use pivots. It seems around the beginning of Summer the pivots didn't seem to work quiet as well as they had been. I'm assuming lack of volume.
I still haven't trade the euro live as it seems to require larger stops than I'm comfortable with (3 points stop is my max)
I too do not like indicators, other than pivots.
Thanks for the input
dave

Reply With Quote
 
  #9 (permalink)
Trading Apprentice
Long Beach, NY
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Brewer/Zen-Fire
Favorite Futures: 6E
 
Posts: 16 since Oct 2009
Thanks: 0 given, 3 received

Q: Does anyone have any suggestions for a good broker for the 6E.

A: I have my eye on InteractiveBrokers because for Ninja they support OCO (OneCancelsOther) on THEIR server. This if you crash or lose connectivity locally, you are still fine...

Reply With Quote
 
  #10 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,032 received


I highly recommend Mirus (or any other Zen-fire broker). The integration with ninja is great.

I trade Euro using a method similar to the Ross Hook. No price indicators. No pivots. Just support & resistance & volume.

I posted some euro trades today in my volume thread. and a few yesterday in the ross hook thread.

Reply With Quote
The following user says Thank You to cunparis for this post:

Reply



futures io > > > New to the 6E, input appreciated :)

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
Sharing input values kiasom EasyLanguage Programming 2 August 30th, 2011 02:27 PM
Need help/input on simple trend calc RM99 Platforms and Indicators 2 June 16th, 2011 12:04 PM
Bars Object as input to Indicator NJAMC NinjaTrader Programming 3 May 21st, 2011 10:48 PM
Input's while in running an EA pmm2 MetaQuotes MetaTrader MQL Programming 1 March 13th, 2011 05:11 PM
User input box UManiac NinjaTrader Programming 5 September 21st, 2010 08:57 PM


All times are GMT -4. The time now is 03:12 PM.

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 2017-12-14 in 0.15 seconds with 19 queries on phoenix via your IP 54.145.16.43