Bare with me all as I am actually several weeks behind in this forum and trying to catch up to you (maybe in a month 
). I feel I should post a thought that is occuring to me as I'm going through though, and forgive me if I am interupting some important thoughts.
It occurs to me that TK is trading at GMT-1, at least that is what I gather from what I've read so far. I've read plenty of threads and they all go through certain evolutions predictably. This thread evolved through the "Server Time Difference Phase" some time ago, but I'm going to bring it up again, this time with a little twist. You see, I'm generally one that believes that most often in an indicator led system it shouldn't matter much as things will even out over time. However this method is different in this regard since it is not indicator led. We are potentially locked in to certain trading hours that are different, but the same hours everyday.
Now I've been watching the GBP/JPY (guppy) for awhile too. Watching when the news breaks for the Yen is what got me thinking. There are a lot of announcements that come up at midnight GMT. So I thought, TK is getting into his day continuously, one hour before I do (I'm with Interbankfx). IF... IF there is an advantage in his method relative to the results others are seeing it may very well be that there is something to being in for an hour before major news strikes, even if you are not predicting what the content and result of the news are. Since this system is prepared to reverse it will correct itself eventually. But where your entry for a day is relative to when news is going to pop could really be significant. Seasoned BIG Traders anticipation and positioning for an upcoming announcement plays on Monthly, Weekly, Daily, and Hourly time frames, I think. If one was inclined (I am not) they could probably define that leaning to some extent. But the point is, by original system rules, I stop trading when TK opens his new position. Is that going to change things for me? In the long run, I think it will make a difference because of the somewhat consistent proximity to news announcements. Especially so with the Guppy which trends so strongly and seems to offer very few surprises relative to economic statements and such. I'm still unclear if settings in the EA 1e (latest I've seen so far in the forum) can adjust for this properly. I think one could trick it with the GMT setting since it works on the hourly chart. But I'm still thinking that through.
Some of you will agree, others disagree. That's why we are here, to discuss and to think it through. Forums are a place to think out loud. That can be dangerous. You know, the "Math in public" syndrom .
Anyway TK, thank you so much for starting this, and to everybody else for their contributions. I'm running the EA 1e at the moment, and wondering what has been concocted since then... I'll see eventually. I also really enjoy TK's "Retirement Trending Method" which he has thrown the link to a couple of times. I'm really surprised nobody is commenting over there. I'll catch up to all of you someday. Then maybe I'll see what I've started (or not).
Good Fortune To All.
). I feel I should post a thought that is occuring to me as I'm going through though, and forgive me if I am interupting some important thoughts.It occurs to me that TK is trading at GMT-1, at least that is what I gather from what I've read so far. I've read plenty of threads and they all go through certain evolutions predictably. This thread evolved through the "Server Time Difference Phase" some time ago, but I'm going to bring it up again, this time with a little twist. You see, I'm generally one that believes that most often in an indicator led system it shouldn't matter much as things will even out over time. However this method is different in this regard since it is not indicator led. We are potentially locked in to certain trading hours that are different, but the same hours everyday.
Now I've been watching the GBP/JPY (guppy) for awhile too. Watching when the news breaks for the Yen is what got me thinking. There are a lot of announcements that come up at midnight GMT. So I thought, TK is getting into his day continuously, one hour before I do (I'm with Interbankfx). IF... IF there is an advantage in his method relative to the results others are seeing it may very well be that there is something to being in for an hour before major news strikes, even if you are not predicting what the content and result of the news are. Since this system is prepared to reverse it will correct itself eventually. But where your entry for a day is relative to when news is going to pop could really be significant. Seasoned BIG Traders anticipation and positioning for an upcoming announcement plays on Monthly, Weekly, Daily, and Hourly time frames, I think. If one was inclined (I am not) they could probably define that leaning to some extent. But the point is, by original system rules, I stop trading when TK opens his new position. Is that going to change things for me? In the long run, I think it will make a difference because of the somewhat consistent proximity to news announcements. Especially so with the Guppy which trends so strongly and seems to offer very few surprises relative to economic statements and such. I'm still unclear if settings in the EA 1e (latest I've seen so far in the forum) can adjust for this properly. I think one could trick it with the GMT setting since it works on the hourly chart. But I'm still thinking that through.
Some of you will agree, others disagree. That's why we are here, to discuss and to think it through. Forums are a place to think out loud. That can be dangerous. You know, the "Math in public" syndrom
. Anyway TK, thank you so much for starting this, and to everybody else for their contributions. I'm running the EA 1e at the moment, and wondering what has been concocted since then... I'll see eventually. I also really enjoy TK's "Retirement Trending Method" which he has thrown the link to a couple of times. I'm really surprised nobody is commenting over there. I'll catch up to all of you someday. Then maybe I'll see what I've started (or not).
Good Fortune To All.
