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in search of minimum wage

  • #261
  • Oct 12, 2023 11:15pm Oct 12, 2023 11:15pm
[quote=hayseed;14615510]
Quoting tradeChaser
{quote} there is a predictable amount of retrace on every pair and timeframe.....
on this. I actually saw some patterns like this where, say in a down trend, if I don’t have an H1 up leg by London open, I don’t even want to short because that tells me my sell opportunity is unlikely to come until US open (if you finally got the H1 up leg) if at all.

so you include the length of the wick of the previous candle when you consider the amount of retrace you are planning?

seems to me that if there is minimal pull back after the US close on many pairs, there is more likely a pull back during AUS or JPY market hours. However, if there is a good wick/pull back on the previous day, often times it appears there is sideways action in place of pull back before the price falls at London open (again, assuming there is an H1 up leg)
  • #262
  • Oct 13, 2023 6:51am Oct 13, 2023 6:51am
Quoting tradeChaser
Quoting hayseed
{quote} on this. I actually saw some patterns like this where, say in a down trend, if I don’t have an H1 up leg by London open, I don’t even want to short because that tells me my sell opportunity is unlikely to come until US open (if you finally got the H1 up leg) if at all. so you include the length of the wick of the previous candle when you consider the amount of retrace you are planning? seems to me that if there is minimal pull back after the US close on many pairs, there is more likely a pull back during AUS or JPY
...
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you include the length of the wick of the previous candle ........ the entire 240 atr is used, wicks and all.....

there is more likely a pull back during AUS or JPY market hours...... which is why the pendings are sent.....

i'm sure you understand what we are talking about, others might not..... so let me better explain.....

the average daily gbpnzd retrace is about 80 pips..... now, if this were true and you signal said sell, would it not be better to place a sell limit order 10 pips above the close rather than a market order..... or perhaps 2 orders spaced some distance apart.....

the average daily eurgbp retrace is about 30 pips..... now, if this were true and you signal said sell, would it not be better to place a sell limit order 10 pips above the close rather than a market order..... or perhaps 2 orders spaced some distance apart.....

the distance between orders must be pair specific..... a good 'specific' measure might be a percentage of the pairs atr..... so the eurgbp orders might be 10 pips apart while gbpnzd orders might be 20.....

you can calculate the average up and down retrace on every pair on every time frame.... there is little point in placing orders further out than that distance....

it's just a gimmick for a slightly better entry.....

my 0.01 orders need all the help they can get......h
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to trade and code, keep both simple... no call to impress....h
  • #263
  • Oct 18, 2023 11:38am Oct 18, 2023 11:38am
Quoting hayseed
{quote}{i'm sure you understand what we are talking about, others might not..... so let me better explain..... the average daily gbpnzd retrace is about 80 pips.....
I certainly don’t mean to have you believe you’venot explained clearly. I do fully understand your point. I think my question was me over thinking. my point was this.

GBPNZD has an average retrace of 80 pips. I suppose my thoughts were, well what if the bottom daily wick on a bearish candle was 50 pips… would we expect the same retrace as if the bottom wick were 100 pips… or 1 pip. It probably doesn’t matter and I was probably overthinking.

insippose knowing zz leg lengths can help as well. The bottom wick of a daily candle is likely part of a zz retrace leg on H1 that may or may not continue a bit into the following day.
  • #264
  • Oct 18, 2023 2:53pm Oct 18, 2023 2:53pm
Quoting tradeChaser
I do fully understand
//-----

no i understand that you understand, but i also understand perhaps most of the world does not understand...... so i tried to explain better..... understand.......lol......

just imagine how few people know the what the follows a red 13 concept...... or that you know today, within reason, how many alma signals will occur on every symbol on every timeframe next week, and you know it today..... you also know, within reason, how many will occur during the entire month of november, and you know it today......

just think of all we discuss...... surely it must be confusing to most......
//-----

wish i had a current chart with all the orders laid out, but i don't right now in any account..... so will send some in a bit as examples.....

but understand, they will be in a paying prop firm that most likely has not had a single losing trade in several weeks and probably 500 wins in a row......

so if one of these loses, you will have to explain it to priscilla.......lol......h
to trade and code, keep both simple... no call to impress....h
  • #265
  • Oct 18, 2023 3:48pm Oct 18, 2023 3:48pm
Quoting hayseed
{quote} //----- wish i had a current chart with all the orders laid out, but i don't right now in any account.....
//----

that was incorrect..... this funded account has open trades and i placed some more..... has had 2 losing trades since my last payout, 10/12/23.....

let me start with 4 questions......

first..... when a zigzag leg first prints, the exact pip, how many pips on average does it extend on every symbol and timeframe 5 minute and up.....

second.... on how many individual bars on average will it extend per leg.....

third...... how can you verify your amounts using mq4......

fourth..... how can you visually represent this in a indicator we all can see.....
//-------

the charts below directly relate to the above questions.....

the jpn225 1440 zigzag leg is up..... what are the odds we will see a down leg before an extension of the up leg.....

the jpn225 240 leg is down...... what are the odds it will extend down before the next leg up......

this is an example of a less than ideal short...... if both the 1440 and 240 been up with all other indicators as they are, it would be far better.....

had there been no open orders i would have felt comfortable covering the daily bar....

will post some better examples.....h
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to trade and code, keep both simple... no call to impress....h
  • #266
  • Oct 18, 2023 4:25pm Oct 18, 2023 4:25pm
Quoting tradeChaser
I suppose my thoughts were,.
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ok then, gimmie so thoughts......

a 50 pound bag of corn runs about 8 bucks around here.... with a single bag you might be able to catch 6 hogs with a total live weight of maybe 800 lbs.....

processes out to about 150 lbs of ground pork, along with pork chops and ribs...... that will feed quite a few people.....

be forewarned..... your answer in my next post should give me the 8$.....

so study hard or they go hungry.....
//-----

to help you study, here are 2 charts, similar situation with similar relative conundrum...... what should i do......

3rd, what i did......h
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to trade and code, keep both simple... no call to impress....h
  • #267
  • Oct 18, 2023 10:37pm Oct 18, 2023 10:37pm
Quoting tradeChaser
my thoughts were,
//----

spx500 and ndx100 below..... 1440 and 240...... what are your thoughts.....

and remember, i need my 8$ for corn...... people are hungry...... tell me what to do.....
//-----


you understand this, but others might not...... imagine you took 30 indicators on 6 time frames...... 180 possible..... example, alma rising would be bullish, alma falling would be bearish..... rate each 1 for bullish and 0 for bearish....

right now the ndx100 count is 15 ...... so out of 180 there are only 15 bullish signals on the ndx ..... the rest are bearish.....

spx500 count is 16......

both the nzdusd and ger30 counts are 5...... so out of 180, there are only 5 non-bearish signals......

usdcad is 148.....

knowing the true depth of bearish and bullish signals can go a long way in keeping you out of harms way......h
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to trade and code, keep both simple... no call to impress....h
  • #268
  • Oct 19, 2023 3:50am Oct 19, 2023 3:50am
  •  wng
  • | Joined Dec 2014 | Status: Merry Xmas and Happy New Year all! | 44 Posts
Quoting hayseed
{quote} //----- no i understand that you understand, but i also understand perhaps most of the world does not understand...... so i tried to explain better..... understand.......lol...... just imagine how few people know the what the follows a red 13 concept...... or that you know today, within reason, how many alma signals will occur on every symbol on every timeframe next week, and you know it today..... you also know, within reason, how many will occur during the entire month of november, and you know it today...... just think of all we discuss.........
Hi, the average of signals of past e.g 10 years of every week will tell me the next incoming week amount of signals of alma? I mean, average amount per week of signals=every next week amount of possible signals?
  • #269
  • Oct 19, 2023 5:59am Oct 19, 2023 5:59am
Quoting wng
{quote} Hi, the average of signals of past e.g 10 years of every week will tell me the next incoming week amount of signals of alma? I mean, average amount per week of signals=every next week amount of possible signals?
//-----

within in reason, yes...... by within reason i mean, there will almost always be a margin of error.....

so for example,

if the macd crosses above it's signal line on average once every 50 days, there might be times where it only took 40 days and another that took 60 days.....

if the macd crosses above it's signal line on average once every 50 weeks, there might be times where it only took 40 weeks and another that took 60 weeks.....

there are many ways to look at that.....

such as, if i'm short and the weekly or daily macd crosses above 0, do i really want to be short......

summing the macd bullish/bearish signals on the 5 thru 10080 seems to cut down on my losses......

along with other indicators such as alma......h
//-----
to trade and code, keep both simple... no call to impress....h
  • #270
  • Oct 19, 2023 6:18am Oct 19, 2023 6:18am
Quoting wng
signals of alma?
//----

lets look at it from another angle.......

if the average bearish tsr(60) color change is 40 days, do i really want to be buying the usdjpy today.....h
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to trade and code, keep both simple... no call to impress....h
  • #271
  • Oct 19, 2023 11:04am Oct 19, 2023 11:04am
.....h
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to trade and code, keep both simple... no call to impress....h
  • #272
  • Dec 16, 2023 8:39pm Dec 16, 2023 8:39pm
birds of a feather....... year end window dressing....... flash crash....... goldilocks porridge......

best year in many...... lot of gains are on the line...... bet there are a lot of fund mangers on the edge of their p&l seats.....

just sayin.......h
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to trade and code, keep both simple... no call to impress....h
  • #273
  • Jan 15, 2024 11:42pm Jan 15, 2024 11:42pm
Quoting hayseed
from my journal on enivids site..... //----- Mar 22, 2022 without a doubt, the thing about forex which appeals to me most is we are all paid the same..... it's a level playing field..... no matter where we live...... without a doubt, the same can not be said of minimum wage..... it's an unlevel playing field..... and matter's where we live...... minimum wage here is 7.25 ...... just a few miles north it's 11 bucks...... in the states it ranges from 7.25...

interesting thread! But I’d there a template or indicators for this? I couldn’t find anything unless I missed it
  • #274
  • Last Post: Jan 19, 2024 1:06pm Jan 19, 2024 1:06pm
Quoting Kmoney99
interesting thread! But I’d there a template or indicators for this? I couldn’t find anything unless I missed it
//------

hey kmoney..... no, nothing specific..... it was more of a journal regarding a line of thinking minimum wage returns......h
to trade and code, keep both simple... no call to impress....h
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