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  • #59,001
  • Jan 26, 2009 9:51am Jan 26, 2009 9:51am
Canceling all long orders below...bearish divergence on shorter timeframe. Longer timeframe bullish divergence...this is a toss up I guess.
  • #59,002
  • Jan 26, 2009 9:54am Jan 26, 2009 9:54am
Quoting rody8808
Macd and Stochs. I also use EMA's for longer trades.
EMA at what timeframes? and what number you used. I use Phil indicator 8 and 15. but I still cannot get your number TP.
  • #59,003
  • Jan 26, 2009 9:55am Jan 26, 2009 9:55am
USD/CAD Entry Buy 1.2145 no one pip lower no one pip higher, and do not loose no one pip.
On charts price came 1.2139 + 5 pips spread, and Buy Price came exact.
Later take 1/4 profit 40 pips and protect rest of trade, but do not close 100%.
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  • #59,004
  • Jan 26, 2009 9:57am Jan 26, 2009 9:57am
tp is at the resistance line from the top of the high on Jan 21
  • #59,005
  • Jan 26, 2009 9:59am Jan 26, 2009 9:59am
Coming up
  • #59,006
  • Jan 26, 2009 10:01am Jan 26, 2009 10:01am
Quoting pinchapip
Back testing is intrinsically technical. Correct me if I'm wrong but, never heard about "fundamental backtesting" You are probably referring to how technicals behave to fundamentals. And if indeed that is what you mean, you can discard the fundameltals alltogether because technicals will stand by itself.

A "fundamental model" will never work because fundamentals are based on 2 variables, (a) which fundamental and (b)how the fundamental will be interpreted. Good luck trying to design an algorytm with this kind of...
You're right!

Well not an algorithm but just the same analysis you make with PA.
If you check the past effect of a particular fundamental and you can find a pattern maybe you will be able to predict the direction.
That's just an idea that I've been working on.
Life is a party!!! will you seat or will you dance?
  • #59,007
  • Jan 26, 2009 10:02am Jan 26, 2009 10:02am
Quoting rody8808
tp is at the resistance line from the top of the high on Jan 21
but the movement will be bounce on 15 EMå. I still not understand why you are so confident?
  • #59,008
  • Jan 26, 2009 10:02am Jan 26, 2009 10:02am
Oil inching to 49
  • #59,009
  • Jan 26, 2009 10:03am Jan 26, 2009 10:03am
Quoting pinchapip
Back testing is intrinsically technical. Correct me if I'm wrong but, never heard about "fundamental backtesting" You are probably referring to how technicals behave to fundamentals. And if indeed that is what you mean, you can discard the fundameltals alltogether because technicals will stand by itself.

A "fundamental model" will never work because fundamentals are based on 2 variables, (a) which fundamental and (b)how the fundamental will be interpreted. Good luck trying to design an algorytm with this kind of...
fundamentals are more predictable and accurate as technical analysis, and the TA should be always based upon a fundamental outlook.
how the fundamental will be interpreted is dependable of other conditions, being also fundamental and not technical

from a 1 minute chart fundamentals for sure dont matter much but try to look at the bigger picture H4, D , W charts and you will understand why the direction of the trend changes

you can very successfully enter a trade disregarding the fundamentals completely, of course on the assumption that the trade itself is a short term trade
  • #59,010
  • Jan 26, 2009 10:04am Jan 26, 2009 10:04am
Which EMA are you talking about?
  • #59,011
  • Jan 26, 2009 10:06am Jan 26, 2009 10:06am
Quoting rody8808
Which EMA are you talking about?
EMA 15 at M30
  • #59,012
  • Jan 26, 2009 10:09am Jan 26, 2009 10:09am
Quoting rody8808
Which EMA are you talking about?
I take your suggestion, yes i already get 10 pip that i put tp near to EMA 15. now i want to wait what happen next 30 minute.
  • #59,013
  • Jan 26, 2009 10:13am Jan 26, 2009 10:13am
Finally got some guts to short at 1.3157 . SL 1.3187 as shown in the chart below. Hoping to keep this short for a few hours only.
Attached Image
  • #59,014
  • Jan 26, 2009 10:17am Jan 26, 2009 10:17am
Quoting Satni
Finally got some guts to short at 1.3157 . SL 1.3187 as shown in the chart below. Hoping to keep this short for a few hours only.
wah your very sure with your program. lucky you. what time frame you use?
  • #59,015
  • Jan 26, 2009 10:19am Jan 26, 2009 10:19am
As did I... once price goes above the h1 200 for a bit.. it usually comes back and at least test it.. the m15 pb helped make my final decision... was already exposed short on g/u at the time.. so out early..... think i'm done for the day.... what a good day

Quoting Satni
Finally got some guts to short at 1.3157 . SL 1.3187 as shown in the chart below. Hoping to keep this short for a few hours only.
DireXiv Make it happen, no one else is going to do it for you...
  • #59,016
  • Jan 26, 2009 10:20am Jan 26, 2009 10:20am
Quoting hafizal79
I take your suggestion, yes i already get 10 pip that i put tp near to EMA 15. now i want to wait what happen next 30 minute.
now the price is stick on EMA 15 M30. still not safe for me to enter now. Although MACD is now sell. It could bounce back.
  • #59,017
  • Jan 26, 2009 10:20am Jan 26, 2009 10:20am
Quoting hafizal79
I take your suggestion, yes i already get 10 pip that i put tp near to EMA 15. now i want to wait what happen next 30 minute.
now the price is stick on EMA 15 M30. still not safe for me to enter now. Although MACD is now sell. It could bounce back.
  • #59,018
  • Jan 26, 2009 10:22am Jan 26, 2009 10:22am
Quoting DireXiv
As did I... once price goes above the h1 200 for a bit.. it usually comes back and at least test it.. the m15 pb helped make my final decision... was already exposed short on g/u at the time.. so out early..... think i'm done for the day.... what a good day
that mean you do a setting on H1 for resistance and support for a day. Very nice strategy.
  • #59,019
  • Jan 26, 2009 10:22am Jan 26, 2009 10:22am
I'd watch for reactions at the m5 and m15 50 ema's... very good areas to watch for pa

Quoting hafizal79
now the price is stick on EMA 15 M30. still not safe for me to enter now. Although MACD is now sell. It could bounce back.
DireXiv Make it happen, no one else is going to do it for you...
  • #59,020
  • Jan 26, 2009 10:23am Jan 26, 2009 10:23am
moving averages with price action on multiple timeframes will get you about as many pips as your willing to take

Quoting hafizal79
that mean you do a setting on H1 for resistance and support for a day. Very nice strategy.
DireXiv Make it happen, no one else is going to do it for you...
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