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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #140,941
  • Nov 22, 2008 12:04pm Nov 22, 2008 12:04pm
Quoting lilmoe
with all due respect traderstar, i don't think u're in a position YET to compete with an excellent trader like Dr.G, especially in intraday trading.

i have known and SEEN what this guy is capable of on real time basis, and his calls even beat the crap out of mine when it comes to bottom and top picking in lots of instances.

i'm not sure if u're aware, but i'm also a 26 year old "kid". karmo is 22 or 23 not sure, malcomb and ovaforty are the old folks around here lol. taking age as an excuse to bash others weakens your argument. at least that's...

hey less of the old ... lol
Blogging daily now at www.volume.zone
  • #140,942
  • Nov 22, 2008 12:06pm Nov 22, 2008 12:06pm
Quoting Cdawg
lilmoe / malcomb
I note both of you speak (as well as many others) about hidden divergence, one uses CCI and the othe RSI, I have a hard time really telling the difference between them. Is there any advantage one really has over the other or is it just a matter of preference?

Secondly, what would you say is th best volume indicator? I think i read that Malcomb has a service provider for that, but how about you lilmoe?

Thanks

indicators are a matter of choice . I use rsi so of course it is better ...lol
Blogging daily now at www.volume.zone
  • #140,943
  • Nov 22, 2008 12:23pm Nov 22, 2008 12:23pm
http://www.forexfactory.com/showthre...t=71772&page=2

http://www.forexfactory.com/showpost...3&postcount=20

http://www.forexfactory.com/showpost...8&postcount=32

http://www.forexfactory.com/showpost...2&postcount=74



I used to have my own thread but do not go non there that often right now

but here a few postings for some great techniques that can be applied

very simple ones

lol looking back at that thread ... a huge move was considered to be 150 pips ..... now we get that in 5 minutes ....funny how the market change
Blogging daily now at www.volume.zone
  • #140,944
  • Nov 22, 2008 12:33pm Nov 22, 2008 12:33pm
Hello, this is what I see as great advantage of this thread..and some others to help each other.
How is the weekend??
Great calls yesterday, but I did close all trades in the afternoon..too difficult for me. As well ..someone ( my half ) made me insane crazy and mad...
so rather stay away..
Quoting malcolmb14
http://www.forexfactory.com/showthre...t=71772&page=2

http://www.forexfactory.com/showpost...3&postcount=20

http://www.forexfactory.com/showpost...8&postcount=32

http://www.forexfactory.com/showpost...2&postcount=74



I used to have my own thread but do not go non there that often right now

but here a few postings for some great techniques that can be applied

very simple ones

lol looking back at that thread ... a huge move was considered to be 150 pips...
  • #140,945
  • Nov 22, 2008 12:39pm Nov 22, 2008 12:39pm
Karmo and the bears are saying sub 139 next week . I do not agree with this

Here is my case.

There is massive bullish div on the 12 hr charts.

Notice the spike down to 137.75 and the volume ..... the volume was VERY LOW this was what is a called a market test. Lets see how many bears we can see are still willing to sell.

Well the pros did not bite . They are not going to sell at this level if they want to sell .. only us dumb retail traders will try selling at that level. This is called a bear trap.

As i said to traderstar on the night of the bounce ... pick your fib for the retracement. At this point if 145.5 breaks we are breaking the down trend line and the 33 sma that has been forming resistance since 200 !!!! That is major.

I think we may see a market top just before Thanksgiving based on the fib time expansionS and interestingly there is another one ond Dec 2nd , just after the automakers bail out meeeting in the senate

I believe at the moment that this is going to be 151.28 / 154.50

The charts have much more bullish feeling to them than a bearish feeling at this time .... TAKE THAT TO THE BANK . I am building swing trade long positions on the dips down at the moment and 138 was a sweet place to load up . I am right there with the smart money


this is a chart you should print out and have handy .... I believe 137.7 was the start of a week long bull cycle

If the pros really want to sell this market and take it sub 139 . They want it to be higher ... much higher to get the pair at value. Hence move to 151/154 and then next down cycle could have enough power to take it down

this is where a traders knowledge of the markets comes into play ...... no indicators involved in this analysis , other than a few fibs and fore thought of market conditions and an understanding of the how the big players work in the market

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy98.png Size: 184 KB
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  • #140,946
  • Nov 22, 2008 12:48pm Nov 22, 2008 12:48pm
Quoting malcolmb14
Karmo and the bears are saying sub 139 next week . I do not agree with this
Attachment
I'm a flexible trader, I have a bull costume as well LOL

I trade the chart and don't get biased to any direction
Trade what you see, not what you think.
  • #140,947
  • Nov 22, 2008 12:49pm Nov 22, 2008 12:49pm
Quoting karmostaji
I'm a flexible trader, I have a bull costume as well LOL

I trade the chart and don't get biased to any direction
lol karmo ... you back pedaling now ???.. I thought you said sub 139 next week ...lol

have a great weekend .....
Blogging daily now at www.volume.zone
  • #140,948
  • Nov 22, 2008 12:51pm Nov 22, 2008 12:51pm
Quoting malcolmb14
lol karmo ... you back pedaling now ???.. I thought you said sub 139 next week ...lol

have a great weekend .....
lol if the chart turns bullish, I'm not gonna sit and watch you grab the pips alone
Trade what you see, not what you think.
  • #140,949
  • Nov 22, 2008 12:53pm Nov 22, 2008 12:53pm
Quoting GodfreyH
, I know it takes like, forever, but the most accurate way to test is by using the tick version. The other methods are not really recommneded for meaningful testing.

So using the tick version, so far so good. I am testing gbp/usd from July - November, using a trailing stop of 50. I have reached September, see the screenshot below:
Hey GodfreyH,

Can you tell me how are you backtesting and getting these results? Everytime I tried to backtest, the results were not good lol

I'm sure I'm doing something wrong...
Trade what you see, not what you think.
  • #140,950
  • Nov 22, 2008 1:00pm Nov 22, 2008 1:00pm
Quoting karmostaji
lol if the chart turns bullish, I'm not gonna sit and watch you grab the pips alone

this may surprise you ... but it turned bullish as soon as that 139 was tested.

look at the div .... and the volume on the test..... was a clear sign to load up on long

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy99.png Size: 214 KB
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  • #140,951
  • Nov 22, 2008 1:04pm Nov 22, 2008 1:04pm
Quoting malcolmb14
this may surprise you ... but it turned bullish as soon as that 139 was tested.

look at the div .... and the volume on the test..... was a clear sign to load up on long

Attachment
Good stuff bro

the 4h on my chart turned bullish at the end of the session, once the daily turns bullish on my chart, I'll enter heavy longs.

There is no rush, patience always pays off

Have a great weekend bro
Trade what you see, not what you think.
  • #140,952
  • Nov 22, 2008 1:17pm Nov 22, 2008 1:17pm
Quoting karmostaji
Good stuff bro

the 4h on my chart turned bullish at the end of the session, once the daily turns bullish on my chart, I'll enter heavy longs.

There is no rush, patience always pays off

Have a great weekend bro
Good decision perhaps :

fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #140,953
  • Nov 22, 2008 1:39pm Nov 22, 2008 1:39pm
looking at charts of exchange traded funds today the inverse funds all have massive bearish div on the dailies.

the regualr ones ( ddm , uwm ) all have selling climax volume on the lows.

In fact DDM had the biggest 1 day volume this year on the lows !!! this ius a selling climax

this sounds ridiculous but we could be very close to a 2000 points dj rally here

if this happens gj 165 ?

in talking to group of high fluting money guys today .. one had a 'bad week ' and only made 750 k ......they are seeing the same thing i am
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  • #140,954
  • Nov 22, 2008 1:48pm Nov 22, 2008 1:48pm
Quoting Scrat
... daily shows a bullish regular divergence on RSI and CCI; qqe has crossed up. if that green trend line is broken (that is, 148 is taken), i think we can say hello and shake hands with 160 because this beast will fart a nice rally. h4 is going up. we can see the bullish regular divergence on RSI, CCI and even QQE (i don't know if the latter is significant) ...

Here’s an interesting and little known fact. The solid line on a QQE works well for divergence because it’s an RSI 14. If the QQE “smoothing” factor is removed (in other words set to 1), it matches the RSI perfectly. This can be confirmed through experimentation and also by reading the code. The 4 hour chart below shows a QQE1 and RSI 14 for comparison purposes. They’re not just close, they’re exact, and it works this way on any timeframe. The standard QQE5 solid line is simply an RSI 14 smoothed over 5 periods.

Attached Image (click to enlarge)
Click to Enlarge Name: 4hr.jpg Size: 239 KB
  • #140,955
  • Nov 22, 2008 2:22pm Nov 22, 2008 2:22pm
Quoting malcolmb14
this may surprise you ... but it turned bullish as soon as that 139 was tested.

look at the div .... and the volume on the test..... was a clear sign to load up on long

Attachment
Nice. The QQE5 on the 15min chart moved into oversold (30) at that time, also. Same thing when price eventually hit the daily low. Hmm . . .
Attached Image (click to enlarge)
Click to Enlarge Name: 15M.jpg Size: 324 KB
  • #140,956
  • Nov 22, 2008 2:36pm Nov 22, 2008 2:36pm
Quoting karmostaji
Hey GodfreyH,

Can you tell me how are you backtesting and getting these results? Everytime I tried to backtest, the results were not good lol

I'm sure I'm doing something wrong...
I'm testing on the tick version for Cable. So I'm not sure what settings would be good for other pairs:

I began my testing in July 2008 -November 2008. with the settings below:

extern double TakeProfit = 120;
extern double TrailingStop = 50;
extern double StopLoss = 100;
extern int QQEbuyabovelevel = 30;
extern int QQEoverboughtlevel = 70;
extern int QQEsellbelowlevel= 60;
extern int QQEoversoldlevel = 25;

But here's the curious thing. I am on IBFX live mini fx server 4, and I ran the same test on another live account on IBFX mini fxserver3 and got terrible results.

I have realized that there is a timing or feed difference between the servers. Sounds ridiculous I know, but I have seen the qqe cross and confirm on one IBFX server and the QQE is just touching on the other IBFX server. I notice the same sort of thing with vt trader and metatrader as well.

So it is possible I get great results that can't be duplicated on another server.

It would be interesting if anyone else on IBFX mini fx server 4 can duplicate my results.

Also Obadiah is right, so far October seems to be the worst month so far. But according to the initial quick report the max drawdown over the entire period was 10%.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenShot002.gif Size: 55 KB
  • #140,957
  • Nov 22, 2008 2:57pm Nov 22, 2008 2:57pm
Quoting Scrat
before i dive into the weekend, i thought about posting these charts here along with some quick notes. i'm sure something similar has been mentioned before (if so, i apologize as i don't have time to read all the posts) but i think it is very important.
daily shows a bullish regular divergence on RSI and CCI; qqe has crossed up. if that green trend line is broken (that is, 148 is taken), i think we can say hello and shake hands with 160 because this beast will fart a nice rally.
h4 is going up. we can see the bullish regular divergence on RSI, CCI...
A great concise post with excellent CLEAR charts - just wish that all those that post charts would follow and make them CLEAN and easy to READ...http://www.forexfactory.com/images/icons/icon14.gif

LOL - with charts like this I might have to reconsider my naked approach...http://www.forexfactory.com/images/icons/icon11.gif
Trading Levels with WRBs
  • #140,958
  • Nov 22, 2008 2:58pm Nov 22, 2008 2:58pm
Quoting Obaidah
hello dude IM almost done testing It but the biggest losing month see ms to be october however while reading the comments in the source code I found something about the time logic so could you please tell me what is in your head so i can help getting It done sure if you allow me to
Thanks, yes I would welcome the help, but the jury is still out as to whether the ea is worthy of further development. I seem to be getting results that may not be duplicated on other servers.

Anyway, the idea with the time logic was that Asian sessions usually have several fake breakouts, so we could perhaps limit losing trades by only allowing the ea to trade if, the server time as represented by Hour() Minute()
is between a particular value.

So the external variables would be:

Inserted Code
extern string  Session = "______Session TimeFilter_____";
extern bool CheckSessionFilter = false;
extern int From_Hour = 0;
extern int To_Hour = 24;

and the function command would be something like:
Inserted Code
//+------------------------------------------------------------------+
//| CheckSessionFilter                                                                   |
//| Checks server time before placing an order                                   |
//|                                                                                             |
//+------------------------------------------------------------------+
bool CheckSessionFilter(int cmd)
{

    // TIME VARIABLES
    double From_Time = From_Hour;
    double To_Time = To_Hour ;
    double Cur_Time = Hour();
   
   switch (cmd)
   {
     case OP_BUY  : if((From_Time >= Cur_Time) && (Cur_Time >= To_Time)) return(true);
                    break;
     case OP_SELL : if ((From_Time >= Cur_Time) && (Cur_Time >= To_Time)) return(true);
   }
   
   return(false);
   
   
}

By the way, meta-editor has reasonable help with regards to restricted words . Just highlight any of those words , like Hour, and click the F1 key. A comprehensive help file with usage syntax will appear at the bottom of the screen.
  • #140,959
  • Nov 22, 2008 3:10pm Nov 22, 2008 3:10pm
Quoting GodfreyH
I'm testing on the tick version for Cable. So I'm not sure what settings would be good for other pairs:

I began my testing in July 2008 -November 2008. with the settings below:

extern double TakeProfit = 120;
extern double TrailingStop = 50;
extern double StopLoss = 100;
extern int QQEbuyabovelevel = 30;
extern int QQEoverboughtlevel = 70;
extern int QQEsellbelowlevel= 60;
extern int QQEoversoldlevel = 25;

But here's the curious thing. I am on IBFX live mini fx server 4, and I ran the same test on another live account on IBFX mini fxserver3...
Hi Godfrey. Interesting project! I hope things work out. In my experience a simple 1H QQE / Gann cross isn't enough to warrant a trade. Price might just be ranging, retracing after a large move with the trend, or even hitting solid resistance at the time. Still I'm glad to see someone testing it emperically, and trying a pair besides G/J. If there really is an opportunity there, it would be nice to know about it.

Possible "filters" I can think of right now are: Daily pivot, 5sma, and time of day. Feel free to send me a PM if you'd like to kick some ideas around.
  • #140,960
  • Nov 22, 2008 3:18pm Nov 22, 2008 3:18pm
Quoting Scrat
before i dive into the weekend, i thought about posting these charts here along with some quick notes. i'm sure something similar has been mentioned before (if so, i apologize as i don't have time to read all the posts) but i think it is very important.
daily shows a bullish regular divergence on RSI and CCI; qqe has crossed up. if that green trend line is broken (that is, 148 is taken), i think we can say hello and shake hands with 160 because this beast will fart a nice rally.
h4 is going up. we can see the bullish regular divergence on RSI, CCI...

i'm not sure what changed ur mind so suddenly, charts didn't change that much since ur last bearish post.... oh well.

at least now u see what i've been talking about.
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