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  • #1,701
  • Feb 4, 2007 5:36am Feb 4, 2007 5:36am
GR8 Work ! I am still confused do we need to look for 2 days previous low for buy

for examply - today is 04-02-07

so wel need to look for low on 02-02-07 ? only this date .. ? kinda confusing can u explain it in more details with example
  • #1,702
  • Feb 4, 2007 8:27am Feb 4, 2007 8:27am
How? seems impossible. what would happen if you short on this trend?
Attached Image
  • #1,703
  • Feb 4, 2007 8:32am Feb 4, 2007 8:32am
Quoting u_atatunc
How? seems impossible. what would happen if you short on this trend?
The open has to be higher than the high of 2 days before to short it.
From what i see we do have short trades winning 25 and 26th of nov as the open is higher than the high of 2 days back.
  • #1,704
  • Feb 4, 2007 9:28am Feb 4, 2007 9:28am
Quoting Autumm
What do u think is the best way to exit then?

A certain amount of pips profit or trailing stop?
Frankly I am in the middle to study those two options.
  • #1,705
  • Feb 4, 2007 9:35am Feb 4, 2007 9:35am
Quoting raheel23
GR8 Work ! I am still confused do we need to look for 2 days previous low for buy

for examply - today is 04-02-07

so wel need to look for low on 02-02-07 ? only this date .. ? kinda confusing can u explain it in more details with example
As feb 4 market close, so SELL.. if Opening rate Feb 5 is above high of feb 1 and BUY if below low of feb 1 BUY.

Sample is given in my spreadsheet.
  • #1,706
  • Feb 4, 2007 9:39am Feb 4, 2007 9:39am
No tech. method here but, I would not be afraid to buy monday U S open or better just before news.
  • #1,707
  • Feb 4, 2007 10:14am Feb 4, 2007 10:14am
Quoting Autumm
The open has to be higher than the high of 2 days before to short it.
From what i see we do have short trades winning 25 and 26th of nov as the open is higher than the high of 2 days back.
here is how it works. +125 pips without spread here. i will backtest more, but i don't think it works like the results that sharp sent
Attached Image
  • #1,708
  • Feb 4, 2007 10:25am Feb 4, 2007 10:25am
Quoting u_atatunc
How? seems impossible. what would happen if you short on this trend?

Hi tatunc

Could you check my spread-sheet and take a look at date of Nov 7 to Dec 14, you will find entries based on 2,3,4 and 5 days previouse hi/lo. You will notice a potential p/l.
Hope do help

Regard
  • #1,709
  • Edited 11:26am Feb 4, 2007 11:07am | Edited 11:26am
Quoting sharp
Hi tatunc

Could you check my spread-sheet and take a look at date of Nov 7 to Dec 14, you will find entries based on 2,3,4 and 5 days previouse hi/lo. You will notice a potential p/l.
Hope do help

Regard
which broker do you use? your bar information is different. interbank and fxdd has 1,8990 open, 1,9165 hi, 1,8989 low and 1,9142 close but your sheet has 1,8990 open, 1,9165 hi, 1,8983 low, 1,9146 close.. this bar is Nov. 22.

and, i don't understand why can't i see losses in your excel file. i just see #### but this must be loss.. for example, no 7, 2005.02.09, buy at 1,8535 but close was 1,8523. result must -12 but i can only see ####.. i will try to find what is greatest loss which is not proven on excel file

regards
  • #1,710
  • Feb 4, 2007 1:18pm Feb 4, 2007 1:18pm
Quoting u_atatunc
which broker do you use? your bar information is different. interbank and fxdd has 1,8990 open, 1,9165 hi, 1,8989 low and 1,9142 close but your sheet has 1,8990 open, 1,9165 hi, 1,8983 low, 1,9146 close.. this bar is Nov. 22.

and, i don't understand why can't i see losses in your excel file. i just see #### but this must be loss.. for example, no 7, 2005.02.09, buy at 1,8535 but close was 1,8523. result must -12 but i can only see ####.. i will try to find what is greatest loss which is not proven on excel file

regards
Excel shows ### because the column is not wide enough. Double click on the top between column D & E.
  • #1,711
  • Feb 4, 2007 1:24pm Feb 4, 2007 1:24pm
I am worried that you will take a large loss that will wipe out previous winners. When I first started I tried a strategy that was to buy and sell at the daily bar open, take a TP of 2-5 pips. It looked great on paper, but one loss wiped out 2 weeks worth of profit. Maybe your idea will be diff. Good luck, take care


RSQ
  • #1,712
  • Feb 4, 2007 3:09pm Feb 4, 2007 3:09pm
i see this excel file only calculates pips between open-high and open-low.. but there is no method just possibilities
  • #1,713
  • Feb 4, 2007 8:35pm Feb 4, 2007 8:35pm
Quoting u_atatunc
i see this excel file only calculates pips between open-high and open-low.. but there is no method just possibilities
Hi atantunc,

I dont know how you read the sheet, but below example how to read it using date Jan 11 as sample. Not just calculates O-H / O-L pips. Hope help

Regards
Attached Image
  • #1,714
  • Feb 4, 2007 8:46pm Feb 4, 2007 8:46pm
yes there is potential gains but what is the exit strategy? noone can know what is the highest price and exit at high
  • #1,715
  • Edited Feb 6, 2007 5:32am Feb 5, 2007 7:41pm | Edited Feb 6, 2007 5:32am
2days previous low : 1.9635

TODAY OPEN : 1.9599 BUY

Let see wht happen

Now rate at 1.9666
  • #1,716
  • Feb 5, 2007 7:42pm Feb 5, 2007 7:42pm
Quoting u_atatunc
yes there is potential gains but what is the exit strategy? noone can know what is the highest price and exit at high
Need your suggestion
  • #1,717
  • Feb 6, 2007 10:01am Feb 6, 2007 10:01am
Quoting sharp
2days previous low : 1.9635

TODAY OPEN : 1.9599 BUY

Let see wht happen

Now rate at 1.9666
Highest : 1.9702
Now ; 1.9682
  • #1,718
  • Feb 6, 2007 6:16pm Feb 6, 2007 6:16pm
Quoting sharp
Highest : 1.9702
Now ; 1.9682
Finally, Highest for Feb 6 at 1.9720
Potential P/L : 121 pip

Today feb 7 :

Open : 1.9707 is above 2days prev high of 1.9667

SELL at 1.9707

Regards
  • #1,719
  • Feb 7, 2007 5:37am Feb 7, 2007 5:37am
I won't be posting on the older Cable thread anymore due to some people feel annoyed with jokes etc... Nevermind, this is my cable thread, you guys can post anything here as long as:

1) Learn to disagree
2)Learn to take jokes
3) If you think you don't like anything on this thread, stop reading the post instead of replying with a hate message. If you think this thread is a waste of time, don't visit the thread then...

This thread is for everyone to post anything related to the pair, jokes and nonsense are accepted too as long as it is related to the topic. Thanks!
I am just here to talk nonsense =D
  • #1,720
  • Feb 7, 2007 7:24am Feb 7, 2007 7:24am
Does the first rule also apply to the founder of this thread?
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