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Why the decrease in range?

  • #21
  • Nov 28, 2006 3:04pm Nov 28, 2006 3:04pm
Running a 30pip stop and no defined TP.

Use 144SMA ( 12hour) and Mainly 288SMA (1day ) notice how it bounced off the 24hour today and stopped over the 12hour nicely.

( shame I wasn't around to buy that )

Stayed without the range today, got near the 12hour range a few time, bust the 2hour range abit, shortable both times, Eur USD skipped off the 12hour range pretty much perfectly to


Sorry .25 GBP and .22Eur for those envelopes.
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Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #22
  • Last Post: Nov 29, 2006 6:25pm Nov 29, 2006 6:25pm
Quoting Turveyd
I've got a range based system, going to say not been able to write a expert clever enough to use it profitably but...


check out on a 5min chart. GBP

2hour range - Envelope 24SMA Dev 0.2% avoid news times and it's 90% accurate.

12 Hour range - Envelope 144SMA Dev 0.5% Failed last friday only time I've seen it fails in a year, rarely moves outta this range regardless of circumstances.


Works on the EURUSD to use .4% not .5% though.
What do you mean by 2 hour and 12 hour range? If it is the time length of the range how do you determine when it starts?
Thanks.
Stubbornly persistent
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