Could you please post the entire PM here? There could be other nuggets of information which could prove useful.
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DislikedThank you very much Pipo.
I summarise below what I understand from your pm, hope that it is right now for trading all pairs.Ignored
DislikedDepends which screen shots you are reffering to Thomas ... but most likely they are running off the scripts that import the Opening price for the last 4 Sundays, with todays Opening/Friday Close price being entered manually ... at least thats the way I do it .... maybe change the Opening price for this week to match my entry prices on the IAs ... which I try to setup as markets open on Sunday.
"Also the time these were recorde is after the pairs have settled, correct?"
sorry dont understand what this question means..Ignored
DislikedI have sent this question to trader101 as a PM, but I thought I would also post it on the thread.
Hey Julius, my question is that initially when you talked about trading just 2 or maybe 3-4 pairs ( in the original, now closed thread), they were the ones that jumped out of their group of 7. Say Sells on top, Buys on bottom (on our current week IA list) , if the top Buy pair jumps up one spot and now its pip total is +, we buy that pair and also buy the Sell pair that came down the one slot and now has a negative pip total - we can also do the same for the next 2 pairs that make this jump.
If however, we are looking back on the IA to the rankings for the last 2 weeks (each in their separate columns on the excel spread sheet), we see that the 2 pairs we just traded long ( the Buy pair we just traded long has now moved up 2 slots into the original Sell area and the Sell pair we traded long has moved 2 slots downward into the original Buy area) are actually in the classic position in the lists for the last 2 weeks where all Sells are on top and all Buys on the bottom. By the recent teaching from the Tandem method, I would then look at these 2 pairs and say, Hey, the displaced Buy pair needs to move back down 2 slots and the displaced Sell pair ( on my current week IA rank) needs to move back up 2 slots for both to be in the rank seen on the prior 2 week list - this would mean entering a sell on both pairs, so we have conflicting stategies - the first jump method saying we should be buying both pairs and the second tandem method suggesting a sell for both pairs, and both situations would be present essentially at the same time. Both are explained well in the threads and are logical, but conflicting in terms of the direction traded. Am I completely misunderstanding, or is there true conflict here, and how is this dealt with - thanks for your time again, Julius - fantastic info your are giving out with nothing asked in return - don't see that much these days!Ignored
DislikedI have sent this question to trader101 as a PM, but I thought I would also post it on the thread.
Hey Julius, my question is that initially when you talked about trading just 2 or maybe 3-4 pairs ( in the original, now closed thread), they were the ones that jumped out of their group of 7. Say Sells on top, Buys on bottom (on our current week IA list) , if the top Buy pair jumps up one spot and now its pip total is +, we buy that pair and also buy the Sell pair that came down the one slot and now has a negative pip total - we can also do the same for the next 2 pairs that make this jump.
If however, we are looking back on the IA to the rankings for the last 2 weeks (each in their separate columns on the excel spread sheet), we see that the 2 pairs we just traded long ( the Buy pair we just traded long has now moved up 2 slots into the original Sell area and the Sell pair we traded long has moved 2 slots downward into the original Buy area) are actually in the classic position in the lists for the last 2 weeks where all Sells are on top and all Buys on the bottom. By the recent teaching from the Tandem method, I would then look at these 2 pairs and say, Hey, the displaced Buy pair needs to move back down 2 slots and the displaced Sell pair ( on my current week IA rank) needs to move back up 2 slots for both to be in the rank seen on the prior 2 week list - this would mean entering a sell on both pairs, so we have conflicting stategies - the first jump method saying we should be buying both pairs and the second tandem method suggesting a sell for both pairs, and both situations would be present essentially at the same time. Both are explained well in the threads and are logical, but conflicting in terms of the direction traded. Am I completely misunderstanding, or is there true conflict here, and how is this dealt with - thanks for your time again, Julius - fantastic info your are giving out with nothing asked in return - don't see that much these days!Ignored
DislikedI was looking over last week's slideshow, and I noticed that all the trades in profit at the end of the week had a negative swap value. We'll see if the same holds true for this week.
Julius, have you thought to look at the swap?Ignored
DislikedI should probably show my IA.
This is my FxPro IA opened October 5. (EST)
Notice the swaps?
As I understand it, the swap rate is the rate the broker charges you for overnight positions in certain pairs, and dependent on your direction.
My logic is that if the broker is charging you a negative swap on a trade which is listed as a "BUY" trade in the initial basket, it may be more likely to turn a profit when the basket becomes sell-side biased.
The same for the buy-side bias.
If a SELL trade in the initial basket has a positive swap, it may be more likely to align itself with BUY-side pairs.
Either way, it's just an observation on my point. I have no idea if this is a coincidence or not.Ignored