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Futures FX and Donchain Channel
Started:April 1st, 2010 (08:17 PM) by Alan Views / Replies:13,789 / 50
Last Reply:May 29th, 2013 (06:21 PM) Attachments:0

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Futures FX and Donchain Channel

Old April 1st, 2010, 08:17 PM   #1 (permalink)
Elite Member
Sydney - Australia
 
Trading Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Velocity Futures
Favorite Instrument: ES, 6E
 
Alan's Avatar
 
Posts: 154 since Jun 2009
Thanks: 1,435 given, 126 received

Futures FX and Donchain Channel

I watched a webinar today from Futures FX.

Simon seems to use the Donchain channel with an EMA and a MACD on his main chart and then has market profile showing below the above chart.

My questions to fellow BMT members are as follows:

1. Has anybody signed up or tried Future FX? If so, is it a good educational site or just another futures rip off trading room?

2. Does anybody trade using the Donchain channel? This channel indicator looks very interesting and not too dissimilar from a Keltner Channel or BB, so far as channeling goes.

The website for Futures FX is FUTURES fx




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Old April 1st, 2010, 08:17 PM   #2 (permalink)
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Old April 2nd, 2010, 01:45 AM   #3 (permalink)
Just starting out...
Crystal Lake,IL
 
Trading Experience: Advanced
Platform: Sierra Charts
Broker/Data: Apex/Infinity
Favorite Instrument: ES
 
Posts: 5 since Mar 2010
Thanks: 1 given, 4 received


Donchian Channels are formed by H(upper) and L(lower price bars over x bars on chart. Look up turtle traders from GS in the past. There should be a centerline average, however some software only plots H/L brackets. One way to get your centerline is 1. write the code or 2. use Ichimoku study Tenkan-Sen or Kijun-Sen set to the same periods as the donchian channel. I have had success in ES with 7-21 cross only long> 34 ema or short<34 ema. 50 sma can be substituted. scale when top or bottom H?L channel is hit then keep runners. I would use an oscillator in conjuction, like stoch 14,3. I actualy like this set-up gl Hope it helps

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Old July 8th, 2010, 08:56 AM   #4 (permalink)
Elite Member
Cape Town, South Africa
 
Trading Experience: Advanced
Platform: ninjatrader, ensignsoftware
Broker/Data: ampfutures/Zen-Fire
Favorite Instrument: 6E, Cl, TF
 
Posts: 112 since May 2010
Thanks: 15 given, 42 received


Alan View Post
I watched a webinar today from Futures FX.

Simon seems to use the Donchain channel with an EMA and a MACD on his main chart and then has market profile showing below the above chart.

My questions to fellow BMT members are as follows:

1. Has anybody signed up or tried Future FX? If so, is it a good educational site or just another futures rip off trading room?

2. Does anybody trade using the Donchain channel? This channel indicator looks very interesting and not too dissimilar from a Keltner Channel or BB, so far as channeling goes.

The website for Futures FX is FUTURES fx





I am with simon futuresfx room and i should say its one of the topnotch rooms in the industry. its not exactly a trade calling room, but more a mentoring session where simon displays his trading screen and takes trades in front of his students. If u have been to his webinar, he shows you videos of how he trades in front of others. Prior to meeting simon, I was with a mentor who did around 93% but he NEVER showed his trading screen. Simon does not venture into showing trading logs and u dont see his win rate, but he shows all the trades he does. Unless there are tradingrooms with such transparency, I would believe any1 claiming a high win rate yet fails to show his trading screens.

Also, imagine the opportunity cost of trading in front of his students. I am sure simon can make much mo money trading his account rather than fielding questions for students paying a mere 30$ for a monthly subscription to the room.

I give him and his method 5 starts

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Old July 9th, 2010, 07:23 PM   #5 (permalink)
Just starting out...
Annapolis, MD
 
Trading Experience: Beginner
Platform: Ninja
Broker/Data: Mirus
Favorite Instrument: Futures
 
Posts: 23 since Mar 2010
Thanks: 5 given, 5 received

nqcruiser,

How long you been with him? I checked out his web site and software looks strong and somewhat easy to use.

How many other sites have you tried?

In your last sentence did you mean 5 stars and not 5 starts?

Thanks,

Jack

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Old July 11th, 2010, 02:08 AM   #6 (permalink)
Elite Member
Cape Town, South Africa
 
Trading Experience: Advanced
Platform: ninjatrader, ensignsoftware
Broker/Data: ampfutures/Zen-Fire
Favorite Instrument: 6E, Cl, TF
 
Posts: 112 since May 2010
Thanks: 15 given, 42 received


jgreene View Post
nqcruiser,

How long you been with him? I checked out his web site and software looks strong and somewhat easy to use.

How many other sites have you tried?

In your last sentence did you mean 5 stars and not 5 starts?

Thanks,

Jack

hey mate thanx for the question. I am since 2005 in forex and since 2007 in futures. I have tried,with varying success, the following outfits:
Learn Forex Trading With ForexMentor | Forex Trading Courses
Futures Trading Secrets Trading Course - Strategies and techniques that will make you money!
E-mini Day Trading
and many others.

No one of them shows you his or her trading screen, with the order entry, and shows exits. Simon, on the other hand, does show each and every trade he takes in the room. the room, really, is a mentoring forum, showing how he takes trades with the method he teaches. surely, his very presence and sharing with students takes away from his own trading, as he misses opportunities while helping students. he has a larger account that he trades in the euro session or us session outside class. however, his daily class is there to show students how he reach his goal of 500$ a day, which he exceeds on many occasions.

i give him 5 stars. Simon, of course records his sessions and encourage students to record their own trading, so that they can go back and check what went right and what went wrong.

plus prospective students are allowed to visit the room and see the action. he has a special method with the delta, particularly the bid and ask,which u wont see on this forum or other forums.but the delta is an adjunct to his method and plays second fiddle.

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Old July 11th, 2010, 02:28 AM   #7 (permalink)
Elite Member
Cape Town, South Africa
 
Trading Experience: Advanced
Platform: ninjatrader, ensignsoftware
Broker/Data: ampfutures/Zen-Fire
Favorite Instrument: 6E, Cl, TF
 
Posts: 112 since May 2010
Thanks: 15 given, 42 received

for the record, i have tried numerous trading rooms, including but not limited to:
Ace Trades. Winning Trade Techniques. home
Naturus.com Subscription Service for Futures Traders

as well as another 93% winning rate trader with a 3k system. None of them came close to matching the transparency and honesty.

i trade from east africa on a dialup connection

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Old July 18th, 2010, 12:53 PM   #8 (permalink)
Trading Apprentice
Los Angeles California
 
Trading Experience: Intermediate
Platform: Multiple
Favorite Instrument: Futures
 
Posts: 6 since Jul 2010
Thanks: 2 given, 1 received

Hello nqcruiser,

Nice of you to share your information. A general question on average how many points per day have you made from his trade calls in the room? Does he give enough notice so that you can enter/exit the trade at the sames time he does?

Regards,
Jeff

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Old September 17th, 2010, 03:58 PM   #9 (permalink)
Just starting out...
New City, NY
 
Trading Experience: Advanced
Platform: Ninja Trader
Broker/Data: Mirus/Zen Fire
Favorite Instrument: CL, Currency Futures
 
Posts: 6 since Apr 2010
Thanks: 0 given, 1 received

Can anyone tell me how long it took to catch on to how to effectively utilize Market Delta the way that Simon uses it?

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Old September 17th, 2010, 06:44 PM   #10 (permalink)
Elite Member
las vegas
 
Trading Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Velocity/IB
Favorite Instrument: 6E
 
Posts: 1,147 since Feb 2010
Thanks: 304 given, 786 received


3 years, 5 months, 8 days, 13 hours, 21 minutes and 34 seconds. Give or take.

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