Big Mike's Trading Forum

Go Back   Big Mike's Trading Forum

> Trading Forums > Traders Hideout > Forex and Currency Trading

Best Strategy 6E - Net 10p per day
Started:August 18th, 2011 (08:04 PM) by traderjcf Views / Replies:2,865 / 7
Last Reply:April 14th, 2013 (06:16 PM) Attachments:2

Welcome to Big Mike's Trading Forum.

Welcome, Guest!

This forum was established to help traders by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

BMT is fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • 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, and we will never resell your private information.

-- Big Mike

Thread Tools Search this Thread

Best Strategy 6E - Net 10p per day

Old August 18th, 2011, 08:04 PM   #1 (permalink)
Elite Member
Amherst, New York
Trading Experience: Advanced
Platform: NinjaTrader
Favorite Instrument: ES, 6E
Posts: 75 since Jun 2010
Thanks: 13 given, 13 received

Best Strategy 6E - Net 10p per day

I'm not the best time Asian, London, US session?

Reply With Quote

Old August 18th, 2011, 08:04 PM   #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.


Old August 18th, 2011, 08:36 PM   #3 (permalink)
Elite Member
Toronto, Canada
Trading Experience: Advanced
Platform: NinjaTrader, MT4
Broker/Data: Amp/CQG, Citibank
Favorite Instrument: CL, GC, 6E, ES, TF, EURUSD, GBPJPY, AUDUSD
Beljevina's Avatar
Posts: 320 since Sep 2010
Thanks: 347 given, 476 received

traderjcf View Post
I'm not the best time Asian, London, US session?

Not sure if you're also asking for a strategy or just the "best" trading time. I can/have traded them all, and it really depends how you define best, especially given there are no guarantees on consistent performance.

But overall, 6E moves the smallest range during the Asia session, often retracing what NY did, or, moving about 30 pips in one direction and then returning to where it started. London range can be all over the place but you're most often looking at 80-120 pips of late; sometimes the moves are completed prior to any 9:30am London news but just as often they are not. You have your fakeouts, you have constant buyer/seller and level defending going on. Pre New York can see a shakeout, or not. London declines had for a time been reversed thus bought-up by NY at some point (after a shakeout). The NY session tends to be closely correlated to the ES and equities, and will often add that much more to the average daily range.

I realize that doesn't help much. I suppose it depends on how well one can apply a strategy - 10 pip per day can be had in either and much more. Strategies abound - perhaps a strategy using POCs or today's opening and closing levels plus previous day's closing and opening levels can be a place to start.

Reply With Quote

Old August 18th, 2011, 08:41 PM   #4 (permalink)
Administrator: 'da Big Dawg
Manta, Ecuador
Trading Experience: Advanced
Platform: My own custom solution
Favorite Instrument: SP500, Stocks
Big Mike's Avatar
Posts: 37,939 since Jun 2009
Thanks: 24,817 given, 55,852 received

I generally trade the Euro either at the Europe open or the US open, maybe for 1-2 hours each. Depends if I am up or not of course for the Europe open.


Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote

Old August 18th, 2011, 08:58 PM   #5 (permalink)
Elite Member
Amherst, New York
Trading Experience: Advanced
Platform: NinjaTrader
Favorite Instrument: ES, 6E
Posts: 75 since Jun 2010
Thanks: 13 given, 13 received

London open

That's tough on eastern time zone = 3am? but worth it if its less choppy...this 8pm -10pm zone seems to be wild time

Reply With Quote

Old August 19th, 2011, 12:27 AM   #6 (permalink)
Trading Apprentice
Vancouver Canada
Trading Experience: None
Platform: MT NT AG
Favorite Instrument: 6E
Posts: 16 since Jul 2011
Thanks: 2 given, 1 received

there's no 'best time' traderjcf

personally I think one's trading hours should be based on one's lifestyle and family
commitments rather than thinking there's a particular session or hours in a session
or particular hours in a particular session that's going to guarantee a large price move

if you don't have one, download a MetaTrader 4 demo program and install the zipped
indicators in: C:\Program Files\Broker\experts\indicators

i-P Time - displays vertical lines: green line is the start of the available time I have to
trade and the red line bedtime - I'm on the West Coast
NB: you have to use the MT4 Moscow time when setting the lines, also re-configure
chart below to ESTime
MT4: 00 01 02 03 04 05 06 07 08 09 pm | am 10 11 12 13 14 15 16 17 18 19 20 21 22 23
PST: 3 4 5 6 7 8 9 10 11 12 pm | am 1 2 3 4 5 6 7 8 9 10 11 12 1 2 - - - - needs re-spacing

i-SessionLn - displays rectangles of the Asian, Euro, US sessions, either background
filled or just a dotted outline - white on the chart for the Euro session
the gap between the Pink US and Goldenrod Asian sessions is one hour the closure
of the Globex markets

Grid_v2 - horizontal lines display any pip amount between them - 20 on the attached 60min chart

Attached Thumbnails
Best Strategy 6E - Net 10p per day-times-pips.gif  
Attached Files
Register to download File Type: zip times (4.6 KB, 21 views)
Reply With Quote
The following 2 users say Thank You to trdr for this post:

Old March 25th, 2013, 12:45 PM   #7 (permalink)
Elite Member
Taipei Taiwan
Trading Experience: Advanced
Platform: NinjaTrader
Broker/Data: Deep Discount Trading / TT
Favorite Instrument: ES
Posts: 579 since Jun 2009
Thanks: 334 given, 329 received

Maverick View Post
i found this stuff on they are dedicated to Euro trading as the name shows it and therefore they know what they are talking about

There is a thread for this site on BMT already

Math. A gateway drug to reality.
Reply With Quote

Old April 14th, 2013, 06:16 PM   #8 (permalink)
Trading Apprentice
Toronto Ontario
Trading Experience: Advanced
Platform: Firm's OMS, fxTrade, MetaTrader
Broker/Data: Equities: Through my work (firm.) Spot FX: Oanda, Pepperstone
Favorite Instrument: US / Canadian Stocks, Spot FX
Posts: 20 since Jan 2013
Thanks: 3 given, 37 received

Personally I love the London open for EUR/USD or 6E. Only for the first hour and a bit though.

NYC open is nice too, but I find I perform better during London's open (historically speaking, I can't argue with the numbers.) Plus I'm so focused on equities during the NYC session, especially during equities open and the first two hours of equities trading, so I can't give spot fx the attention it deserves during that time.

Sadly though, since I'm in the EST timezone, I hardly get a chance to trade the London open as I can't operate on just a few hours of sleep during the week (need to be fresh and rested on weekdays.) A friend of mine does it, sleeps early, wakes up for london, trades for two hours, then sleeps some more before work in the morning, but such a schedule would make me a zombie. lol

Reply With Quote


00, 6e, asia, broker, brokers, chart, chop, closing, currencies, daily, daily range, day, demo, direction, don, dow, entry, euro, europe, forex, fx, gap, globex, horizontal, information, instrument, level, lines, load, love, metatrader, method, ml, moves, mt4, news, open, performance, price, price action, program, range, rectangles, red, research, reviews, session, spot, spot fx, start, strategies, strategy, summary, time, timezone, trade, trader, trades, trading, white, zone

Big Mike's Trading Forum > Trading Forums > Traders Hideout > Forex and Currency Trading > Best Strategy 6E - Net 10p per day

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
My ES Scalping Strategy, 2+ pts/day jwdixon Index Futures Trading 178 April 14th, 2014 12:08 AM
My 6E trading strategy cjbooth Forex and Currency Trading 1177 October 5th, 2011 05:22 AM
End of day sample strategy mrticks The Elite Circle 9 February 18th, 2011 06:37 AM
Calculate GAP (Close of Prior Day, Open of Current Day) bluemele NinjaTrader Programming 16 January 19th, 2011 09:19 PM
Limit Strategy backtesting based on time of day blenderking NinjaTrader Programming 2 June 23rd, 2009 08:05 PM

All times are GMT -4. The time now is 01:47 AM.

Powered by vBulletin®
Copyright ©2000 - 2015, Jelsoft Enterprises Ltd.
SEO by vBSEO ©2011, Crawlability, Inc.
Copyright © 2015 by Big Mike Trading. 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 2015-03-30 in 0.09 seconds with 20 queries on phoenix via your IP