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- elchoco replied Mar 30, 2009
Disaster Ahead ?????' — This is the quintessential problem set-up for this strategy. CCI heading up strongly but still negative and stoch (possibly) about to tick down. Let's see what happens.
- elchoco replied Feb 15, 2009
2nd Day Stochs — OK, Here's two pics from GBP last year. In both, the CCI is above 0 and the stoch is below 50%, so we're looking for a long trade. The first pic shows a "no long trade" at A due to falling candle direction. At B, the candle is ...
- elchoco replied Dec 18, 2008
EA — Today was my first EA day, using Steve's EA for now without the manager, just closing the trades myself. Settings 20/80. In total it was a good day, took two baskets and made over 4% with only 1.2% max draw down. Total trading time about ...
- elchoco replied Dec 12, 2008
Today's Trades — One basket today. Missed the stonking move at 6am in the morning, but later on made just under 2% with only 1% Draw-Down. Perfectly acceptable. I like this system. So far i've taken about 80 trades with hardly any losers. I'd ...
- elchoco replied Dec 11, 2008
morning's trading — first basket of the day, working at lowering lot% to give acceptable DD. So, Max DD around 1% before turning round and giving me 0.6% proft. Not a great R/R, and I should have held out for more as the price then continued ...
- elchoco replied Dec 10, 2008
Bollinger Bands — Oh, in case it helps anyone, I use basic Bollinger Band and EMAs as support and resistance. Price hitting the Bollinger Band when RS_GROUP_XXX peaks over 80 or under 20 seems a really solid reversal entry. Might mitigate some ...
- elchoco replied Dec 10, 2008
today's trading — Three baskets today, up 14% on the demo. The final basket was Short JPY pairs which had a draw down of 4% before making about 8%. this was on 0.1 lots. I think I would have bailed at 4% on a live account. In live trading I ...
- elchoco replied Dec 8, 2008
All in all, 3 out of 3 for the day, up 2.1%. Crappy Risk/Reward on the GBP-NZD trade, but frankly I was lucky to close at a profit. Was down 4% in some moments as spread was going haywire. Thank god I didn' t have a stop loss.... The others were OK, ...
- elchoco replied Dec 8, 2008
Xmas Wish List !!!!!! — I was just about to post a similar question. When I calculated all this by hand my spreadsheet gave me the following table of overall Strength/Weakness. I then simply entered the given pair at a decent pullback. ...
- elchoco replied Dec 6, 2008
Charts — Here's your chart, although there's nothing much new that hasn't been shown by others. Also, for exits, if a couple of the currencies are floating at a loss I look at KG_RS_GROUP to give me a heads up on whether to wait or to pull out ...
- elchoco replied Dec 5, 2008
Who's your daddy? — I've just spent a week going through this thread. It's totally brilliant. On my first attempt I just made 22% in about an hour. 45 trades, 5 loses, 1 break even. What was I thinking calculating all the relative strengths by ...
- elchoco replied Nov 27, 2008
basket spreadsheet — I have been trading a basket system for the last couple of months. Working out relative currency strength is easy. Where this thread seems to be, (and where I am with my own system) is how to use that data to produce a ...
- elchoco replied Nov 16, 2008
Continuing from the previous post — And here's a graph of cumulative divergence. Tell me if I'm way off track here. If we enter at say -0.5% divergence and the following day it also diverges -0.5%, then that's a cumulative divergence of 1%. If ...
- elchoco replied Nov 16, 2008
Waiting for convergence — Anyone interested in expecting two diverging currencies to reconverge simply because "they're supposed to" might do well to read Roger Lowenstein's book WHEN GENIUS FAILED on Long Term Capital Management's collapse. ...
- elchoco replied Nov 16, 2008
End of day bar entry — Hi folks, Although I'm using this system sporadically with some success, I'd just like to confirm something. Here's a chart presented earlier in the thread, we take the entry at the following places, right? Arrow A: ...
- elchoco replied May 4, 2008
Yes — I've had TD lines on my screens for the last couple of months and watched them consistently call winning trades. If you filter (a bit) for direction using a higher time frames then they're really consistent. I have them on 1 hour, 4 hour ...
- elchoco replied Apr 8, 2008
Soce — It's a bit difficult to see the detail in your chart, but I''ll have a crack at answering your question. I take it we're talking about the trade on the red vertical line? First up, without looking at other time frames for confirmation, ...
- elchoco replied Apr 6, 2008
The reason I asked for your rules is that I couldn't see a single EA entry on your chart where I would have got in!! Can I clarify what you mean here? Let's consider just a long trade. When you say "buy on dips of the fast" do you mean "buy when the ...
- elchoco replied Apr 5, 2008
Other entries — Here's some other entries on the same chart. I guess this is what I'm used to seeing. There are some other sharp moves that did not give signals as far I understand them. Perhaps they would have shown up on different time ...
- elchoco replied Apr 5, 2008
eh????????? — boxin, Could you confirm your entries on your pic? I don't understand what your saying here. Trade 1 - Grey Area Cross overs and 533 overbought on 4Hr indicate uptrend. 533 on 1 hour drops to O/S, so enter on the upturn.Trade 2 - ...