I realize that we're in a huge downtrend. That doesn't mean that there won't be opportunities to go long - just follow the indicators. I'm no smarter than anyone else here, just take what the market gives you.
Simple Trading Method with trader101
- #2,025
- Oct 6, 2008 6:41pm Oct 6, 2008 6:41pm
Below is a daily equity chart for the 14 pair sell basket.
You can draw your own conclusions.
Keep your profit locked. Coder
http://i36.tinypic.com/2ynmreh.jpg
You can draw your own conclusions.
Keep your profit locked. Coder
http://i36.tinypic.com/2ynmreh.jpg
I did that againts the rules, just was testing the strategy. Went 14 pairs long around 3pm Mountain Time. 4h was showing Long and opposite trades continued to go in opposite direction. Made 400 pips.
Not a chance.
The markets are in meltdown. I would need all of the This Week, Day. 4 hours and Last Hour to agree on a long before I would even consider going long.
Even then, I would probably wait a couple of days to make sure; these are exceptional times.
Anyone else here read Terry Pratchet's Discworld Novels?
To quote TP, we live in interesting times.
@ Coder;
I am familiar with your program BasketTester and would appreciate if you could show the exposure of all 14 pairs. Please input the IBFx pairs like the AI with buys and sells so that we can get and idea of what currencies are more or less exposed to the market.
Thanks in advance,
TimeFreedom
I am familiar with your program BasketTester and would appreciate if you could show the exposure of all 14 pairs. Please input the IBFx pairs like the AI with buys and sells so that we can get and idea of what currencies are more or less exposed to the market.
Thanks in advance,
TimeFreedom
Below is a daily equity chart for the 14 pair sell basket.
You can draw your own conclusions.
Keep your profit locked. Coder
http://i36.tinypic.com/2ynmreh.jpg
Mr. Qui-Gon,
I'm not going answer quistions like this, this is last time. All we need is to follow the rules, the rules are stated and clear.
See, how I got 200 points just 15 min ago strictly following the rules.
4h column of the indicator was showing Short (strong). All Sells were on the top and Buys on the bottom (again 4h column). Now, I was looking how CHFJPY (sell) was getting lower and lower (it was on top, remember?). When it eventually became an Anchor (lowest low) I fired 14 BUYS. 200 pips in 15 min. I'm not saying it's always will be like this, but it seems working.
Orest
P.S.
Now all 3 columns (Day, 4h, 1h ) show Long (Strong) trend, BUT it could be too late to enter right now.
Anchor rule gives an opportunity to enter in earlier trend formation, also Weekly (2weeks as well) trend still shows Short, so I suppose Long won't last very long.
I'm not going answer quistions like this, this is last time. All we need is to follow the rules, the rules are stated and clear.
See, how I got 200 points just 15 min ago strictly following the rules.
4h column of the indicator was showing Short (strong). All Sells were on the top and Buys on the bottom (again 4h column). Now, I was looking how CHFJPY (sell) was getting lower and lower (it was on top, remember?). When it eventually became an Anchor (lowest low) I fired 14 BUYS. 200 pips in 15 min. I'm not saying it's always will be like this, but it seems working.
Orest
P.S.
Now all 3 columns (Day, 4h, 1h ) show Long (Strong) trend, BUT it could be too late to enter right now.
Anchor rule gives an opportunity to enter in earlier trend formation, also Weekly (2weeks as well) trend still shows Short, so I suppose Long won't last very long.
Mr. Orest,
If I may, do you only do full basket trades? If so, do you only wait until an anchor is dislodged? Just one anchor? How far must it move?
Thanks
Mr. Orest,
If I may, do you only do full basket trades? If so, do you only wait until an anchor is dislodged? Just one anchor? How far must it move?
Thanks
Although I read the thread and the pdf file a number of times, I still have a lot of queries. However, I tried in demo to see the effect. After a number of tries if I still could not get it, then perhaps I may raise a query. You may want to demo a number of times to see the results before your query.