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- Ranger911 replied Nov 1, 2011
Thanks for sharing your testing with us. It is a very interesting approach. Good luck!
- Ranger911 replied Nov 1, 2011
Just reading the latest posts now. Yes, I was thinking that you could plot a + 1 standard deviation above your line and - 1 standard deviation below. That might be the zone you are willing to defend. The market noise will be at least one deviation ...
- Ranger911 replied Oct 31, 2011
If you are using what you call perimeter swaps then you are very nearly trading a market profile type trade because you are now trading a bell curve of volume. You should look to take trades 1 and 2 standard deviations from your line.
- Ranger911 replied Oct 28, 2011
Line, Some questions I am wondering about. I ran a quick test on the point of control and obviously that line has too much traffic to be useful with this idea. It seems you are looking for a level that is slightly out of bounds from the peak volume ...
- Ranger911 replied Oct 28, 2011
It is the market profile point of control. The MP I use is proprietary and locked code so I can't share it but there are numerous versions you can buy for any platform. I would recommend reading about it in depth before purchasing it because it is a ...
- Ranger911 replied Oct 28, 2011
IS 32 pips per hour a fixed rule or approximation?
- Ranger911 replied Oct 28, 2011
The point of control was established at 1:00 am at 1.4175 approximately. I wrote a buy/sell script to trade around that line and ran it on a 10 tick chart. The 1.4175 line has been crossed hundreds of times so far at the 10 tick level. I am down ...
- Ranger911 replied Oct 27, 2011
Thanks for the clarification. Do you think a high reading on a standard volatility indicator could be used to help identify a trigger level?
- Ranger911 replied Oct 27, 2011
I count at least 20 closes above and below your volatility line from Monday into Tuesday. I think you said you could handle only about 10 swaps per line. It seems like Monday you would have been stopped out and again on Tuesday before it moved to ...
- Ranger911 replied Oct 27, 2011
Where are you plotting your afternoon line? 1.4176ish?
- Ranger911 replied Oct 27, 2011
Are you using RPO or Close today or both (whichever happens first)? Does one seem better than the other at this point?
- Ranger911 replied Oct 27, 2011
Line, Are you going to sim trade this next week or further stress test?
- Ranger911 replied Oct 26, 2011
Can you post a screen shot of how you get the average for the daily/weekly range and how that is tracked?
- Ranger911 replied Oct 26, 2011
Yes, we are on the same page. I cropped off a similar thing from the bottom of my charts to prevent other inquiries so as not to further derail what you are up to in this thread. Keep up the good work.
- Ranger911 replied Oct 26, 2011
One is tick data the other is volume. Can you tell which is which? image
- Ranger911 replied Oct 26, 2011
Yes you are right about no central clearing in FOREX. A while back a ran several experiments on FOREX and Futures charts. I plotted a market profile on a futures chart of the Euro using the volume data. I then plotted that same futures chart using ...
- Ranger911 replied Oct 26, 2011
Yes, this is what made me think of the market profile when you stated this earlier. Wouldn't the accumulation of volume be an obvious requirement for your line? Forgive me, but I am not trying to turn this into a market profile thread.
- Ranger911 replied Oct 26, 2011
You are quite welcome. You might look at a book called Markets in Profile by James Dalton. He does the best job in describing it clearly.
- Ranger911 replied Oct 26, 2011
A traditional reading of a market profile and it's bell curve tells me that price was not accepted on that move up so it explored downwards. I also have stuff in addition to the MP that reads upticks/downticks in FOREX or upvol/downvol in futures ...
- Ranger911 replied Oct 26, 2011
I see. I like that idea of trigger to trigger.