Trading the 6E Old School, With a Twist - Trading Journals | futures io social day trading
futures io futures trading


Trading the 6E Old School, With a Twist
Updated: Views / Replies:73,074 / 588
Created: by Cashish Attachments:802

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
 802  
 
Thread Tools Search this Thread
 

Trading the 6E Old School, With a Twist

  #571 (permalink)
Elite Member
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
WilleeMac's Avatar
 
Posts: 684 since Jan 2012
Thanks: 301 given, 608 received

@Cashish

I now have a total of 77 records and as I expected the number of time bins (ie 0400amET) did not increase but the number of occurrences did. (The above screen shot has 41.)

Time starts at 0200amET through 1500ET

I have a total of 26 cells (not counting 1500ET) and of those with a count of greater than 40 is 10. 2am, 330am, 4am, 6am, 730am, 8am, 930am,10am, 12noon, and 2pm (which should be expected, pit close.

Anyway, I'll work on a better response for you

-Bill

Reply With Quote
The following user says Thank You to WilleeMac for this post:
 
  #572 (permalink)
Elite Member
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
WilleeMac's Avatar
 
Posts: 684 since Jan 2012
Thanks: 301 given, 608 received

@Cashish

"What do you have on the burner?" I've outlined this in some previous posts but there's a price action (participation) phenomena with both /6E and /CL that happens at time of day (outside of news.) So the XLS is a manual recording of occurrence of time at high or low, ie 0200amET was the high with 0345am low. The highs or lows could be classified as swings or just the first high of several, for example on an M15 chart. I've recognized this through 100's of hours of screen time. It's best seen on an M1 chart with marks at hour, half-hour, forty-five and fifteen minute. Personally I like the mark(s) to be placed at the high and low of the opening (hour et al) M1 candle thus giving you an opening range which could be used as reference further into the "hour." IE subsequent candles did not break the high or low of the opening candle.

"Why not 1 hour, or 4 hours?" Originally the study (code) was written to easily identify trading time zones and no trading time zones (participation) for /6E. Example of "no trade" might be after 1130amET or 12noon. By using only two zones (0200amET to 12noon) it did not give me the information I was looking for on /CL because /CL is /CL; you can have several 60 tick swings in the course of a very short time frame. I then changed the study to record start time at 0200amET and end 0800am and start 0800am and end 1430ET. This wasn't giving me the information I was looking for. So I went to using two copies of the study 0200amET to 5, 5 to 8, 8 to 11 and 11 to 1430. Again it was not producing the information I wanted, primarily because of the limits of the study and Think or Swim, ie not picking up lows or highs in between "studies" and I had to manually check which slowed down data entry. Trial and error (so far, WIP) is showing that three copies of the study is needed which results in two hour high and low zones (six time zones total, 12 data points.)

What is blank?" In XLS you can have the software count blank cells, ie no occurrence/ data.

"What happened 30 times?" At the time of the thread posting the spreadsheet had 41 records. Of these there was data (high or low) in 30 of these cells with 11 being blank. (Statistical significance?)

Now more on to the study itself.

I'm only looking for participation at time. I've the XLS setup so I can record high (1) or low (2) at hour and half hour. I've gone further with the recording of occurrence 1 or 2 is high or low at hour and half-hour with 1.25 or 2.25 in the bucket. For example 0500amET would be 1 or 2 and 0515am would be 1.25 or 2.25 recorded in the hour bin and 0645am would be 2.75 or 1.75 recorded in the half-hour bucket.

All of this is being done so I can work with the data in a statistical manner. Slowly I'm adding more records to the data set to have a statistically significant representation of the population (so to speak.)

Although my sample set of data would not make a statistician happy as far as being representative, it's good enough for me - hand grenades and .GOV work.

More on the sample data set later.

-Bill

A good example of time - what happened today with /6E and /CL at 0700amET?

Reply With Quote
The following 3 users say Thank You to WilleeMac for this post:
 
  #573 (permalink)
Elite Member
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
WilleeMac's Avatar
 
Posts: 684 since Jan 2012
Thanks: 301 given, 608 received


More on my last comment above

-Bill

2-17-15 M1 /6EH5

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

Reply With Quote
The following user says Thank You to WilleeMac for this post:
 
  #574 (permalink)
Elite Member
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
WilleeMac's Avatar
 
Posts: 684 since Jan 2012
Thanks: 301 given, 608 received

This data is for /CL

Question that needs to be asked is can anything be gleaned from this?

-Bill

1= high, 2 = low, 1.25 = high at M15, 2.75 = low at M45 all of which goes into bucket hour or half-hour respectively

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


Last edited by WilleeMac; February 17th, 2015 at 10:50 AM.
Reply With Quote
The following 2 users say Thank You to WilleeMac for this post:
 
  #575 (permalink)
Elite Member
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
WilleeMac's Avatar
 
Posts: 684 since Jan 2012
Thanks: 301 given, 608 received

I wrote


Quoting 
More on the sample data set later

.

The data set by a statistician's yard stick is not truly representative of the population, I agree.

Below I increased the data set from 41 records to 77 (still thin) and as we see the percent of blank occurrence did not increase that much nor did the time bucket change as to participation. As time goes on I will add to this data set but I don't expect much variance as to who, where, when and why. Maybe I'm wrong (hope not, manually entering this in is time consuming. I believe if you don't have time to do it right the first time, when will you have time to do it again?)

-Bill

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

Reply With Quote
The following 2 users say Thank You to WilleeMac for this post:
 
  #576 (permalink)
Elite Member
Miami FL USA
 
Futures Experience: Advanced
Platform: Ensign 10, NT7 DOM
Broker/Data: IB, IQ
Favorite Futures: Currency Futures
 
Cashish's Avatar
 
Posts: 803 since May 2011
Thanks: 811 given, 2,103 received


WilleeMac View Post
Pink Floyd is a valuable yard stick that can give an edge

-Bill







WilleeMac View Post
All of this is being done so I can work with the data in a statistical manner. Slowly I'm adding more records to the data set to have a statistically significant representation of the population (so to speak.)

Although my sample set of data would not make a statistician happy as far as being representative, it's good enough for me - hand grenades and .GOV work.

-Bill

So you're building a rocket ship!



WilleeMac View Post
Question that needs to be asked is can anything be gleaned from this?

-Bill

But not sure of your destination quite yet, that's cool. Ideas are slippery fish, you have to hold on to them or they'll get away from you. You've posted some great ideas (and spreadsheets) in the past, I'd like to see where this one takes you.

Thanks for the added info.

We're expecting temperatures in the 40's (maybe even 30's) down here the next couple nights, it must be bitter cold up there. God help us all! Sorry for the slow response, I had a monitor failure and had to plug in an old stand-by test monitor for a few days until I picked up a replacement.

Reply With Quote
The following user says Thank You to Cashish for this post:
 
  #577 (permalink)
Elite Member
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
WilleeMac's Avatar
 
Posts: 684 since Jan 2012
Thanks: 301 given, 608 received

@Cashish

I see that you popped in on the Euro today around 1000amET

Draghi @Cashish





-Bill

Reply With Quote
 
  #578 (permalink)
Elite Member
Miami FL USA
 
Futures Experience: Advanced
Platform: Ensign 10, NT7 DOM
Broker/Data: IB, IQ
Favorite Futures: Currency Futures
 
Cashish's Avatar
 
Posts: 803 since May 2011
Thanks: 811 given, 2,103 received


WilleeMac View Post
@Cashish

I see that you popped in on the Euro today around 1000amET

Draghi @Cashish





-Bill




It Wasn't Me




Reply With Quote
The following user says Thank You to Cashish for this post:
 
  #579 (permalink)
Elite Member
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
WilleeMac's Avatar
 
Posts: 684 since Jan 2012
Thanks: 301 given, 608 received

@Cashish


Dig both

Ironically, back in the mid nineteen eighties (when I was young) I drug a wagon out of the San Joaquin Valley full of produce to Buffalo/ Toronto week in, week out.

You are a good man Mr Cashman

Cheers, ride safe and keep the rubber side down

-Bill


Last edited by WilleeMac; February 21st, 2015 at 12:24 PM. Reason: sp, clarify
Reply With Quote
The following user says Thank You to WilleeMac for this post:
 
  #580 (permalink)
Elite Member
Miami FL USA
 
Futures Experience: Advanced
Platform: Ensign 10, NT7 DOM
Broker/Data: IB, IQ
Favorite Futures: Currency Futures
 
Cashish's Avatar
 
Posts: 803 since May 2011
Thanks: 811 given, 2,103 received



WilleeMac View Post
@Cashish


Dig both

Ironically, back in the mid nineteen eighties (when I was young) I drug a wagon out of the San Joaquin Valley full of produce to Buffalo/ Toronto week in, week out.

You are a good man Mr Cashman

Cheers, ride safe and keep the rubber side down

-Bill



Thanks, and thanks for your 4 minutes and 8 seconds



Reply With Quote

Reply



futures io > > > Trading the 6E Old School, With a Twist

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
emini trading school (www.eminitradingschool.com) review drdam1 Trading Reviews and Vendors 29 October 28th, 2015 03:32 PM
Trading School Recommendation Request plethora Trading Reviews and Vendors 37 September 4th, 2012 01:02 PM
My 6E trading strategy cjbooth Currency Futures 1177 October 5th, 2011 06:22 AM
6E (EURUSD) trading alex123 Elite Trading Journals 35 September 17th, 2011 09:15 PM
Trading the 6E camsolution Currency Futures 12 May 17th, 2011 09:00 PM


All times are GMT -4. The time now is 11:53 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 0.15 seconds with 20 queries on phoenix via your IP 54.90.92.204