Sorry just being pedantic...what u referring too...the whole week or parts of it?
Daily/Intraday Momentum Analysis
- #581
- Nov 15, 2007 5:10pm Nov 15, 2007 5:10pm
- | Joined Jul 2007 | Status: Don't Loose Your Shirt | 1,146 Posts
- #582
- Nov 15, 2007 5:14pm Nov 15, 2007 5:14pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- #583
- Edited 5:21pm Nov 15, 2007 5:19pm | Edited 5:21pm
- | Joined Jul 2007 | Status: Don't Loose Your Shirt | 1,146 Posts
- #586
- Nov 15, 2007 5:38pm Nov 15, 2007 5:38pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- #587
- Nov 15, 2007 5:42pm Nov 15, 2007 5:42pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- #588
- Nov 15, 2007 5:49pm Nov 15, 2007 5:49pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- #589
- Nov 15, 2007 5:56pm Nov 15, 2007 5:56pm
I'm off to bed.. Havent slept for 24hrs. I got a short trade from 226.93 down to 224.70 with a stop loss of 227.15(above the Tokyo Pivot). I'll be back at Frankfurt open.
- #590
- Nov 15, 2007 6:39pm Nov 15, 2007 6:39pm
- Joined Apr 2006 | Status: Trader | 2,429 Posts
I'm off to bed.. Havent slept for 24hrs. I got a short trade from 226.93 down to 224.70 with a stop loss of 227.15(above the Tokyo Pivot). I'll be back at Frankfurt open.
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
- #591
- Nov 15, 2007 7:28pm Nov 15, 2007 7:28pm
- Joined Dec 2006 | Status: Backtest is meaningless (to me) | 2,176 Posts
- #592
- Nov 15, 2007 7:58pm Nov 15, 2007 7:58pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
Hi Aus
Thank for your help and guidence. You are the true mentor and master.
With the help of your strategy and Karmos guidence of "Patience" since 21 Sep 2007 I made around 13000 pips. (And of course others help in the thread as well with their explanation etc.)
I only followed 15min and 1hr/4hr strategy, no more or no less. Strictly followed the rules and no voilation of rules/bending rules. When ever I did I took the loss. And honestly I am happy with those lossess, because those are justifiable for the violation of strategy rules.
Your strategy is amazing. Thanks again and again.
- #595
- Nov 15, 2007 10:23pm Nov 15, 2007 10:23pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- #596
- Nov 15, 2007 10:46pm Nov 15, 2007 10:46pm
I'm posting a new experimental indicator here for use with Aus's momentum strategy. This may be a bit of a long posting, but I need to explain the purpose. Otherwise, when you attach this indicator to your chart, you might say "What the hell is this showing me?" 
I think after I explain it, you will understand the value of this indicator.
First of all, we know that Aus relies heavily on what the momentum indicator is saying at the beginning of a new bar. The standard momentum formula is:
(Current Close Price) - (Close Price n periods ago)
where "n" is the setting you've applied (10, 14, or 1).
But by looking at the beginning of the bar, we actually could say that the formula Aus is using is:
(Current Open Price) - (Close Price n periods ago)
So my dilemma for some time now was how to capture that momentum at the beginning of the bar. I think I've finally figured out a way to show it.
When you first add this indicator to your chart, you give it a momentum period just like the regular momentum (10, 14, 1, whatever). What you will see is a series of alternating color line segments. Each line segment spans between just two bars. What it is indicating is what the momentum indicator was showing at the beginning of the more recent bar. Also overlayed on the colored lines is a regular momentum indicator in a light colored dotted line. If you notice, each small line segment starts at the dotted line, but then may go off in a different direction. So, essentially you can see what the momentum was at the start and what it ended up being at one time for any bar.
I see this as an analysis tool. I don't expect anyone to have this on their chart at all time, but I see two main uses for it.
First of all, if you forgot, or couldn't check the momentum at the start of a bar, this gives you a second chance. If it's the middle of the week and you can't remember what the weekly momentum looked like, this can help you.
Second, I see this as a great way to analyze and see the results of the strategy. As someone pointed out earlier, there really hasn't been a way to backtest this strategy because the beginning momentum indications are lost. Now with this indicator you can look back to any bar and see what the momentum indicator said at the start of that bar and then see how it turned out. Did it do what the momentum indicator said it would? Now you can see.
I also think that Auslanco can use it as he refines the strategy to see what little nuances he can pick out that might make things even more accurate.
I've made it so it can work on the 8H and 12H offline charts as well.
Okay, enough already. Try it out for yourself.
Bruce
I think after I explain it, you will understand the value of this indicator.First of all, we know that Aus relies heavily on what the momentum indicator is saying at the beginning of a new bar. The standard momentum formula is:
(Current Close Price) - (Close Price n periods ago)
where "n" is the setting you've applied (10, 14, or 1).
But by looking at the beginning of the bar, we actually could say that the formula Aus is using is:
(Current Open Price) - (Close Price n periods ago)
So my dilemma for some time now was how to capture that momentum at the beginning of the bar. I think I've finally figured out a way to show it.
When you first add this indicator to your chart, you give it a momentum period just like the regular momentum (10, 14, 1, whatever). What you will see is a series of alternating color line segments. Each line segment spans between just two bars. What it is indicating is what the momentum indicator was showing at the beginning of the more recent bar. Also overlayed on the colored lines is a regular momentum indicator in a light colored dotted line. If you notice, each small line segment starts at the dotted line, but then may go off in a different direction. So, essentially you can see what the momentum was at the start and what it ended up being at one time for any bar.
I see this as an analysis tool. I don't expect anyone to have this on their chart at all time, but I see two main uses for it.
First of all, if you forgot, or couldn't check the momentum at the start of a bar, this gives you a second chance. If it's the middle of the week and you can't remember what the weekly momentum looked like, this can help you.
Second, I see this as a great way to analyze and see the results of the strategy. As someone pointed out earlier, there really hasn't been a way to backtest this strategy because the beginning momentum indications are lost. Now with this indicator you can look back to any bar and see what the momentum indicator said at the start of that bar and then see how it turned out. Did it do what the momentum indicator said it would? Now you can see.
I also think that Auslanco can use it as he refines the strategy to see what little nuances he can pick out that might make things even more accurate.
I've made it so it can work on the 8H and 12H offline charts as well.
Okay, enough already. Try it out for yourself.
Bruce
- #597
- Nov 15, 2007 10:51pm Nov 15, 2007 10:51pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- #598
- Nov 15, 2007 10:56pm Nov 15, 2007 10:56pm
I'm posting a new experimental indicator here for use with Aus's momentum strategy. This may be a bit of a long posting, but I need to explain the purpose. Otherwise, when you attach this indicator to your chart, you might say "What the hell is this showing me?"
First of all, we know that Aus relies heavily on what the momentum indicator is saying at the beginning of a new bar. The standard momentum formula is:
(Current Close Price) - (Close Price n periods ago)
where "n" is the setting you've applied (10, 14, or 1).
But by looking at the beginning of the bar, we actually could say that the formula Aus is using is:
(Current Open Price) - (Close Price n periods ago)
So my dilemma for some time now was how to capture that momentum at the beginning of the bar. I think I've finally figured out a way to show it.
When you first add this indicator to your chart, you give it a momentum period just like the regular momentum (10, 14, 1, whatever). What you will see is a series of alternating color line segments. Each line segment spans between just two bars. What it is indicating is what the momentum indicator was showing at the beginning of the more recent bar. Also overlayed on the colored lines is a regular momentum indicator in a light colored dotted line. If you notice, each small line segment starts at the dotted line, but then may go off in a different direction. So, essentially you can see what the momentum was at the start and what it ended up being at one time for any bar.
I see this as an analysis tool. I don't expect anyone to have this on their chart at all time, but I see two main uses for it.
First of all, if you forgot, or couldn't check the momentum at the start of a bar, this gives you a second chance. If it's the middle of the week and you can't remember what the weekly momentum looked like, this can help you.
Second, I see this as a great way to analyze and see the results of the strategy. As someone pointed out earlier, there really hasn't been a way to backtest this strategy because the beginning momentum indications are lost. Now with this indicator you can look back to any bar and see what the momentum indicator said at the start of that bar and then see how it turned out. Did it do what the momentum indicator said it would? Now you can see.
I also think that Auslanco can use it as he refines the strategy to see what little nuances he can pick out that might make things even more accurate.
I've made it so it can work on the 8H and 12H offline charts as well.
Okay, enough already. Try it out for yourself.
Bruce
Rod
Trade what you see, not what you think. 
- #600
- Nov 15, 2007 11:14pm Nov 15, 2007 11:14pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
Bruce