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New found: EST 8PM 30 mintues bar

  • #1
  • First Post: Aug 25, 2005 12:34pm Aug 25, 2005 12:34pm
When I review the charts from EUR, JPY, There is an interesting event: if the 30 mintues bar is going up( green bar), then the next following 5 hours will going up, if the 30 mintues bar is going down, then the next follwoing 5 hours will going down.
Can anybody write a code to test it?

thanks
Rex.
Chinese Forex Trader from China
  • #2
  • Aug 25, 2005 12:42pm Aug 25, 2005 12:42pm
Unfortunately, I have the feeling that your theory is deeply flawed somwhere. But I don't quite understand what you are saying. Can you clarify a bit more? Thanks.

-Liz
There's always money in the banana stand.
  • #3
  • Aug 25, 2005 2:23pm Aug 25, 2005 2:23pm
Quoting rex
When I review the charts from EUR, JPY, There is an interesting event: if the 30 mintues bar is going up( green bar), then the next following 5 hours will going up, if the 30 mintues bar is going down, then the next follwoing 5 hours will going down.
Can anybody write a code to test it?

thanks
Rex.
When you say you reviewed the EUR/JPY charts, how many charts did you look at? How extensive was your research?
Steven
  • #4
  • Aug 25, 2005 6:23pm Aug 25, 2005 6:23pm
When I say, EUR, JPY, it means EUR/USD pair and USD/JPY pair.
The Bar start from 8:00 PM to 8:30 PM, if the bar is down trend, it will indicate the following 5 hours will be down, vice versa on up trend.
I did reasearch on 1 month 30 mintues chart.
thanks
Rex.
Chinese Forex Trader from China
  • #5
  • Aug 25, 2005 7:31pm Aug 25, 2005 7:31pm
Quoting rex
When I say, EUR, JPY, it means EUR/USD pair and USD/JPY pair.
The Bar start from 8:00 PM to 8:30 PM, if the bar is down trend, it will indicate the following 5 hours will be down, vice versa on up trend.
I did reasearch on 1 month 30 mintues chart.
thanks
Rex.
EST 20:30 PM, EUR/USD bar was up trend bar. Let's look at after 5 hours.
Chinese Forex Trader from China
  • #6
  • Aug 27, 2005 11:24am Aug 27, 2005 11:24am
It seems as if the USDJPY is better suited for this strategy than the EURUSD... Looking at it visually, the entry point would be the key.... Which I'm sure you can "fine tune" with oscillators and moving averages.... Keep digging!!!!.
  • #7
  • Aug 27, 2005 9:35pm Aug 27, 2005 9:35pm
Yes that's it! Add some oscillators and indicators. That will do it!!!

It will also make your charts look really cool..........

I've done similar ideas to this over the last 11 months.

Guess what? Some months you will win up to 300 pips. But then you will have a couple of months that lose 550 pips. I think it's just a tad worse than roulette. Good luck with it though. Be sure to paper trade for several months.
Don Life is expensive, but includes a free trip around the sun.
  • #8
  • Aug 28, 2005 2:42am Aug 28, 2005 2:42am
Quoting traderone
Yes that's it! Add some oscillators and indicators. That will do it!!!
LOL!
Relax and be happy.
  • #9
  • Aug 28, 2005 9:52am Aug 28, 2005 9:52am
Hi, Don,
Can you running a computer test to see how this idea convert to cash cow?
thanks
Rex.

Quoting traderone
Yes that's it! Add some oscillators and indicators. That will do it!!!

It will also make your charts look really cool..........

I've done similar ideas to this over the last 11 months.

Guess what? Some months you will win up to 300 pips. But then you will have a couple of months that lose 550 pips. I think it's just a tad worse than roulette. Good luck with it though. Be sure to paper trade for several months.
Chinese Forex Trader from China
  • #10
  • Aug 28, 2005 5:42pm Aug 28, 2005 5:42pm
Quoting rex
Hi, Don,
Can you running a computer test to see how this idea convert to cash cow?
thanks
Rex.
My bio-computer says that this is a cash cow that will require you spend more on feed than all the milk, butter, cream, and cheese she'll produce.

FT
  • #11
  • Aug 28, 2005 8:57pm Aug 28, 2005 8:57pm
Best throw her into the meat grinder then. B-bye, Bessie.
There's always money in the banana stand.
  • #12
  • Aug 29, 2005 4:31am Aug 29, 2005 4:31am
Hi REX...
urs observation is good.....i backtested..it
Result is 60% or more.... but u have to find some other criteria... to fix the range of movement in the next 5 hrs.....if it done....
urs will be a good for beginers .......
(i also on the search....)

Prabu
  • #13
  • Aug 29, 2005 4:46am Aug 29, 2005 4:46am
[quote=prabu]Hi REX...
urs observation is good.....
Quote
i backtested..it
Result is 60% or more....
Over what sample period?

Quote
but u have to find some other criteria...
Why do you need other criteria if you backtested the system and it is 60 percent or more? If it is that good you don't need other criteria. 60 percent what?

Quote
to fix the range of movement in the next 5 hrs....
What does that mean. Fix the range of movement???

Quote
.if it done....
urs will be a good for beginers .......
Based on what? What makes this good for beginners? Is it because beginners normally lose a lot and this system will teach them not to do these kind of things? Just curious.

Prabu[/QUOTE
  • #14
  • Aug 29, 2005 7:05pm Aug 29, 2005 7:05pm
Quoting fijitrader
My bio-computer says that this is a cash cow that will require you spend more on feed than all the milk, butter, cream, and cheese she'll produce.

FT
Ouch.. That brings back memories of the 5xxx system I, and many others thought was a cash cow. I spent tons on feed and just got drops of milk in return. Luckily I was told it only needed to be fed maximum twice a day. Some others had to get up in the middle of the night to feed it.... Oh boy.


Quoting LizardGizzard
Best throw her into the meat grinder then. B-bye, Bessie.

And yes, I did throw her into the grinder.


Matsu
  • #15
  • Aug 30, 2005 1:23am Aug 30, 2005 1:23am
Hi look the chart

(Sorry there is no save option in my chart browser,,,,i take print out & scanned & attached...)
Attached File(s)
File Type: doc eurusd1.doc   163 KB | 753 downloads
  • #16
  • Aug 30, 2005 8:50pm Aug 30, 2005 8:50pm
In the past two days trading, every day you will get 150 pips, if you follow the rule on EUR/USD. Look at chart.
Any body can wirte a trading code. So we don't have to get up at midnight.
thanks
Rex.


Quoting prabu
Hi look the chart

(Sorry there is no save option in my chart browser,,,,i take print out & scanned & attached...)
Chinese Forex Trader from China
  • #17
  • Last Post: Aug 30, 2005 9:45pm Aug 30, 2005 9:45pm
Quoting rex
In the past two days trading, every day you will get 150 pips, if you follow the rule on EUR/USD. Look at chart.
Any body can wirte a trading code. So we don't have to get up at midnight.
thanks
Rex.
Rex, during your research did you find certain times better than other times during the day?
Steven
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