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Joined Jun 2007
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Status: full-time trader wannabe
|975 Posts
the 12th of june would have been a good day to place a trade on eurusd.
i still see potential for this and am shorting(late entry)
Bull101 what is your stance regarding late entries ?
the 12th of june would have been a good day to place a trade on eurusd.
i still see potential for this and am shorting(late entry)
Bull101 what is your stance regarding late entries ?
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Looks like the last signal on EUR USD was the 13th. Shorting now would most definitely be a late entry.
I never take late entries. The way I see it, there is always going to be more signals, there is no reason to try and catch every move. And when I put my money on the line, I want to have the best odds possible. Taking late entries will not give me the best odds possible.
Looks like the last signal on EUR USD was the 13th. Shorting now would most definitely be a late entry.
I never take late entries. The way I see it, there is always going to be more signals, there is no reason to try and catch every move. And when I put my money on the line, I want to have the best odds possible. Taking late entries will not give me the best odds possible.
Hope that clears it up,
Bull101
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you are right.
still got some newbeness in me lol
never break the rules of the system
I'm glad that your released your system. I have wanted to focus on the Daily TF for some time and for a while I studied OzFX. But I was uncomfortable with the win/loss ratio. It seemed streaky. That's not to knock OzFX. It seems to work for many people, but my concern is what happens if you start trading it while it's in the midst of a losing streak.
That having been said, it's intriguing you were able to identify such a big difference in performance simply by using AO instead of what OzFX uses which is AC.
I did some research and one of the things I've read is that both AO and AC are variations on MACD.
Do have any comments on the process by which you decided to use AO? And for that matter, did you play around with other indicators?
Looks like the last signal on EUR USD was the 13th. Shorting now would most definitely be a late entry.
I never take late entries. The way I see it, there is always going to be more signals, there is no reason to try and catch every move. And when I put my money on the line, I want to have the best odds possible. Taking late entries will not give me the best odds possible.
I'm glad that your released your system. I have wanted to focus on the Daily TF for some time and for a while I studied OzFX. But I was uncomfortable with the win/loss ratio. It seemed streaky. That's not to knock OzFX. It seems to work for many people, but my concern is what happens if you start trading it while it's in the midst of a losing streak.
That having been said, it's intriguing you were able to identify such a big difference in performance simply by using AO instead of what OzFX uses which is AC.
I did some research and one of the things I've read is that both AO and AC are variations on MACD.
Do have any comments on the process by which you decided to use AO? And for that matter, did you play around with other indicators?
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Hello,
AO is slower than AC, however it is much more reliable for good entries. AO uses a longer period, and is able to determine an actual change in direction much better than AC. It is true that they are both moving averages, similar to MACD. I have played around with other indicators, however, I have found that adding anything else will cause late entries, and missed entries. There are of course losing trades using stoch and AO only, but the win ratio is much greater than the loss rate. Also, using only these two indicators will generate more signals.
I hope that clears it up, if it doesn't, let me know.
how about nzdchf ? signal seems to have been triggered.
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NZD/CHF is a valid long entry signal. Forgot to check that pair since my live broker doesn't offer it. I'll begin posting signals for all pairs that ODL offers for now on.
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Joined Jun 2007
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Status: full-time trader wannabe
|975 Posts
we should also begin tracking results beginning from this week
it would be nice Bull101 if you could post weekly results of the system in the first post along with the system rules
we should also begin tracking results beginning from this week
it would be nice Bull101 if you could post weekly results of the system in the first post along with the system rules
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I will be tracking trade results in a spread sheet. I'll try and come up with the best way of displaying them for everyone.
GBP/USD: Buy at 1.9633
NZD/USD: Buy at .7535
NZD/CHF: Buy at .7875
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I see a valid entry for the GBP/USD but not for the NZD/USD?
Yes the Stoch Histogram changed to green but since the previous bar for AO was( on the 16th) already green there arent any changes.. What am i missing?
what do you understand by complete reversal signal ?
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In the example of USD/CAD, there has not yet been a complete short signal. Only after there has been a short signal displayed, will I take another long entry. This helps ensure that we are getting the best entries possible.
I see a valid entry for the GBP/USD but not for the NZD/USD?
Yes the Stoch Histogram changed to green but since the previous bar for AO was( on the 16th) already green there arent any changes.. What am i missing?
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Hello,
The indicators do not need to change at the same time to be a valid entry.
