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High & Low 8 Hours (GBP/JPY)

  • #821
  • Edited 5:47am Nov 27, 2007 5:33am | Edited 5:47am
Hello Sifoo,
Can yours tell me what is the trade time for this trading system?
I'm using FXDD.

Thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: 8hours.gif Size: 32 KB
  • #822
  • Nov 27, 2007 5:53am Nov 27, 2007 5:53am
Quoting sertio
This would imply that market conditions were the same since 1985 which is wrong, what you are trying to do is imppossible imo. For me a couple of years is more than enough, anything more would be outdated and could lead you to the wrong conclusions. FX changes constantly, let alone 10 years ago to now )many differences in trends (economies), sentiment, type of investors, etc etc etc. hope that helps.
I agree. Well said.
  • #823
  • Nov 27, 2007 10:21am Nov 27, 2007 10:21am
I just finished reading the entire thread as the system looks very interesting. Very similar to daily95pip that has a thread on this site. Basically, it trades the breakouts on either the high or low of a previous time period. The equity graphs of 2005 showing a 50% loss of starting capital and 2006 showing a 25% loss of starting capital should be taken into account. I'm no forex expert, by any stretch, but I have spent numerous hours looking for good systems. This system is working now. What i think a person has to consider is why it's working now, as opposed to why it quite obviously would have lost you tons of money in 06 and 05. I don't know the reason. Is it because we're in a jumpy market? how would anyone know the market has changed if this system starts losing money, because you don't know it until after the change has occurred and can run a backtest on it? Although TDION seemed like at first like someone pouring water on a fire, his questions do give one considering this system pause for thought.
  • #824
  • Nov 27, 2007 10:59am Nov 27, 2007 10:59am
You DON'T. It's all luck.... and the ship could sink at any moment.

Quoting paradoxical
how would anyone know the market has changed if this system starts losing money, because you don't know it until after the change has occurred and can run a backtest on it?
  • #825
  • Nov 27, 2007 11:08am Nov 27, 2007 11:08am
Quoting fordnox
Hi everybody,
I put the same orders as always and what do i get in the morning, a message from a broker:
what does that mean ?
Well, imagine your order was on the other side of the highway, I mean if we just assume it was a short position order on that gap, I think your broker WOULD'VE EXECUTED THAT ORDER IMMEDIATLLY

I am using MIG & NF and NO GAP in the chart. I think you should consider changing that broker.

BK
  • #826
  • Nov 27, 2007 11:12am Nov 27, 2007 11:12am
Quoting kisspips
Hello Sifoo,
Can yours tell me what is the trade time for this trading system?
I'm using FXDD.

Thank you.

Is that the monthly pivot levels u have on the chart? Would you share that if u dont mind?

BK
  • #827
  • Nov 27, 2007 4:03pm Nov 27, 2007 4:03pm
Hi Nicotina im new here and i trie to put in practice your method, this method work for the eur/jpy ?? the spread is less. thanks
  • #828
  • Nov 27, 2007 8:02pm Nov 27, 2007 8:02pm
28/11/2007


Buy: 225.77
Sell: 223.96
  • #829
  • Nov 27, 2007 8:05pm Nov 27, 2007 8:05pm
Quoting luisjpr
Hi Nicotina im new here and i trie to put in practice your method, this method work for the eur/jpy ?? the spread is less. thanks
I dont no sorry!
  • #830
  • Nov 27, 2007 8:10pm Nov 27, 2007 8:10pm

ok thanks

  • #831
  • Nov 27, 2007 8:17pm Nov 27, 2007 8:17pm
Hello Nicotina, could you please show me where u are posting the current performance of this method. Thanks in advance

Heny
  • #832
  • Nov 27, 2007 9:20pm Nov 27, 2007 9:20pm
hi nico did you get low of candle of 03:00 in north ?
i always thought we should take low of 04:00 in north
i have gotten low this :
sell 223.85
  • #833
  • Nov 27, 2007 11:54pm Nov 27, 2007 11:54pm
I think today is another loss day, it seems like GJ pair touch 223.96 and bounce back.


Quoting Nicotina
28/11/2007


Buy: 225.77
Sell: 223.96
  • #834
  • Nov 28, 2007 12:08am Nov 28, 2007 12:08am
short just got stoped.

i think this week is not very good for this strategy, price movement just won't make up its mind. if u look at daily gbpjpy chart, it's been sideway for several days. if not because of Citigroup and ADIA i don't think we would got +100 yesterday.

Anyway, i'll just cross my hand and hope for a better luck for the rest of this week...
  • #835
  • Nov 28, 2007 12:48am Nov 28, 2007 12:48am
ya, short got a stop.
i follow nico rules again, make a sellstop again, if again stop loss, then just close for today's trade.

Quoting vsumardi
short just got stoped.

i think this week is not very good for this strategy, price movement just won't make up its mind. if u look at daily gbpjpy chart, it's been sideway for several days. if not because of Citigroup and ADIA i don't think we would got +100 yesterday.

Anyway, i'll just cross my hand and hope for a better luck for the rest of this week...
  • #836
  • Nov 28, 2007 2:38am Nov 28, 2007 2:38am
-100 for today.

if u look at the chart. the price has zigzag for more than 8 hours (it's a bit like monday).

well, hope for better luck tomorrow...
  • #837
  • Nov 28, 2007 3:53am Nov 28, 2007 3:53am
yes, you are right. -100 pips today.


Quoting vsumardi
-100 for today.

if u look at the chart. the price has zigzag for more than 8 hours (it's a bit like monday).

well, hope for better luck tomorrow...
  • #838
  • Nov 28, 2007 4:39am Nov 28, 2007 4:39am
Quoting bkoori
Is that the monthly pivot levels u have on the chart? Would you share that if u dont mind?

BK
Is that what you want?
Thank you.
Attached File(s)
File Type: ex4 AutoPivotIndicator.ex4   16 KB | 435 downloads
  • #839
  • Nov 28, 2007 6:03am Nov 28, 2007 6:03am
Quoting tjsun80
yes, you are right. -100 pips today.


My short was stopped out for -50. My long triggered and was stalling at 75-80 pips and I have to get to work. So I closed it out at 75.


75-50=25 for me today.
  • #840
  • Nov 28, 2007 7:52am Nov 28, 2007 7:52am
Quoting kisspips
Is that what you want?
Thank you.

Thanx alot.


BK
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