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stephan31

Registered: Oct 1999
Posts: 347

03-28-12 05:11 PM

Quote from austinp:

not at all... I chart the 6E, 6B and 6S currency futures but fill executions in EUR, GBP and CHF. Other than the 6S - CHF being inverted, all are identical across futures and spot.

No different than trading SPX or OEX or SPY index options off ES charts.

At this point in time, I don't even look at spot FX charts when trading FX... pretty much just the currency futures charts

-------------
Okay, you are trading forex--are your entries market or do you limit in or stop into your trades and how do you work out the tick differences?

I know how I would do it but am asking you.

peace

Hedvig

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wrbtrader

Registered: Feb 2010
Posts: 1296

03-29-12 10:59 AM

It's very simple and no debates needed to easily determine if the Emini ES futures is the best or not the best trading instrument for you.

Backtest your method on all available trading instruments you're curious about...most traders are curious about 10 different trading instruments. The trading instrument that performs the best via your trade method should be your #1 trading instrument unless you're unable to trade it due to personal reasons (e.g. conflict in time zone).

Remember, the goal is to be profitable and you really only want to trade something your method performs the best in comparison to under-performing on a different trading instrument.

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southbeach4me

Registered: Jun 2009
Posts: 883

03-29-12 11:34 AM

For those having a hard time trading the ES, I highly suggest going to 6E and 6B currency futures, they are a thing of beauty.

Plot your daily s&r levels, and look for entries using price action on 10-15min bars. ......even a caveman can do it ;)

* Although I personally don't see why ppl say the ES is so hard to trade. From my perspective(I trade both ES and FX futures full time), I see too many new/inexperienced traders micromanage these futures to under the 5 min time frame or less than 275 tick bars and get stressed out/emotionally burnt from the price action noise you typically see at those levels. Thus making it harder to spot a good trade.

just my 2cents.....

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