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Nanningbob 60x90 EA

  • #1,481
  • Mar 19, 2009 6:14pm Mar 19, 2009 6:14pm
Quoting paradoxical
Verto, I agree to take the SMALL loss. But, what does one do when the trade is at level three or four already, and there's some sort of news coming up? Also, it's always uncertain what the impact of news will be. It could be the news would make the pair(s) reverse and turn your current losing trade into a winner.
One way is to check the calendar for news and just don't trade during a week that some news is expected that week. NOT trading is good sometimes.
[b]Another is to throw a hedge on your trades if they are a hole you can't or don't want...
You know I thought about that, but then you would have to be sure to un-hedge in a similar position.

For example:

You're at level 3 going short and don't feel like taking the loss. A news release is coming up. You hedge.

Price spikes up 1000 pips but you're hedged so no loss (only commissions on your hedged position which are minimal).

You cannot close your hedged position until your price is in similar spot that would put you at level 3 anyway. In other words, if price is going DOWN after the spike, you can't un hedge because you would not be at a level 3 short position during a down trend.

Plus, as soon as you unhedge a loaded short postiion while the market is going down, you know that will mark the very bottom of it and price will just continue to go against you

Make sense?
  • #1,482
  • Mar 19, 2009 6:25pm Mar 19, 2009 6:25pm
I have been looking into the assumed next Black swan. And I’m not sure how to calculate it. Because the last one was when we were bailed out and that was roughly 700 billion for the bailout. Ok that had a move of 1500-3000 pips dependent on what pair you looked at and what TF. We are now looking at the 1.4 quadrillion dollar (that’s 1400 trillion) derivatives scam. The big problem there is that the world only has about 500 trillion dollars (that’s all the money that exists). And most of our publicly traded companies use these derivatives for their books. They are allowed to for now but these derivatives are nothing. They are worthless. And we are talking about 1.4 quadrillion (1.4 quadrillion does not even exist) of stated worth that when cashed in is actually worthless. Or maybe just worth initial deposit. Now when or if that gives loose how big will the black swan be?
And even more important where will it hit the hardest?
If 700 billion moved things 1500-3000.
What will 140000 billion move things?
the markets moving, time to get in!
  • #1,483
  • Mar 19, 2009 6:42pm Mar 19, 2009 6:42pm
Quoting dmjservices
I have been looking into the assumed next Black swan. And I’m not sure how to calculate it. Because the last one was when we were bailed out and that was roughly 700 billion for the bailout. Ok that had a move of 1500-3000 pips dependent on what pair you looked at and what TF....
i did not mean to put that here
the markets moving, time to get in!
  • #1,484
  • Mar 19, 2009 10:35pm Mar 19, 2009 10:35pm
Quoting dmjservices
i did not mean to put that here
its still interesting tho... this could be the armageddon that supposedly the financial elite had orchestrated???

wheres your source?
Grabbing the bull by the horns!
  • #1,485
  • Mar 20, 2009 12:51am Mar 20, 2009 12:51am
Quoting paradoxical
Verto, I agree to take the SMALL loss. But, what does one do when the trade is at level three or four already, and there's some sort of news coming up? Also, it's always uncertain what the impact of news will be. It could be the news would make the pair(s) reverse and turn your current losing trade into a winner.
One way is to check the calendar for news and just don't trade during a week that some news is expected that week. NOT trading is good sometimes.
Another is to throw a hedge on your trades if they are a hole you can't or don't want to...
You can hedge your trade and after the news story or next day deal with it.
  • #1,486
  • Mar 20, 2009 12:53am Mar 20, 2009 12:53am
Quoting dmjservices
what are we to do when 500-1000 pip jumps become more normal.

as they are starting to now.
put on 1 buy and 1 sell and have a 100 pip stop loss and ride the winner
  • #1,487
  • Mar 20, 2009 2:25am Mar 20, 2009 2:25am
Quoting nanningbob
put on 1 buy and 1 sell and have a 100 pip stop loss and ride the winner
ha ha

as far as the source. this is part of whats behind the Madoff ponzi.
oh wow they pulled it. i was going to link it.
the markets moving, time to get in!
  • #1,488
  • Mar 20, 2009 3:01am Mar 20, 2009 3:01am
Quoting dmjservices
I have been looking into the assumed next Black swan. And I’m not sure how to calculate it. Because the last one was when we were bailed out and that was roughly 700 billion for the bailout. Ok that had a move of 1500-3000 pips dependent on what pair you looked at and what TF....
What if the dollar devalue and be replace by a new world currency ? Maybe USD dollar will be the next zambawi dollar and all the lost will suddenly disappear.

Sometimes I wonder when they said trillion has been lost, where do the money go ? Lost to who ? Who gets the trillion ? It must be a zero sum game. Someone has to gain that trillion in order for them to lost that trillion.
  • #1,489
  • Mar 20, 2009 3:02am Mar 20, 2009 3:02am
Quoting forexisfx
What if the dollar devalue and be replace by a new world currency ? Maybe dollar will be the next zambawi dollar
That is a hard one for me to buy, there is to much of the world invested in the US Dollar.
  • #1,490
  • Mar 20, 2009 3:06am Mar 20, 2009 3:06am
Quoting Verto
That is a hard one for me to buy, there is to much of the world invested in the US Dollar.
Maybe it's time for the history book to have an entry of "First Collapse of the world"
  • #1,491
  • Mar 20, 2009 3:08am Mar 20, 2009 3:08am
Quoting forexisfx
Maybe it's time for the history book to have an entry of "First Collapse of the world"
i hear the terra is the new currency. that all others will be based on.
the markets moving, time to get in!
  • #1,492
  • Mar 20, 2009 3:11am Mar 20, 2009 3:11am
Quoting dmjservices
i hear the terra is the new currency. that all others will be based on.
G20 meeting on April the Russian gonna propose new reserve currency.
  • #1,493
  • Mar 20, 2009 3:26am Mar 20, 2009 3:26am
what are we to do about that though. all these moves i think are really bad for this system.

i just think its time for really good safeguards.

i dont care if its a Jumping EA or a spike indicator that automatically kicks us out.

ill tell you what my USD pairs are dieing in demo accounts. i took a Demo account of 6300 and turned it into 1600 this morning. thats alot of losses. all at once. i think the 100x80 might have helped but we have a real trend going on in USD. a strong trend.

have you ever though about following the trend. with this. if there is a trend going long then all trades only can go long untill trend changes. so we trade with the trend and have retractments when needed.
the markets moving, time to get in!
  • #1,494
  • Mar 20, 2009 3:48am Mar 20, 2009 3:48am
Quoting forexisfx
Maybe it's time for the history book to have an entry of "First Collapse of the world"
When you have a generation of people who really have never experienced bad times, they let their imaginations run wild. Even thought the numbers seem astronomical to us if you go by percentages we are a long way from total disaster. If you compare the figures with today and the great depression we are no where close yet. We have 8% unemployment, they had over 30%, govt. debt ratios are no where near our all time highs we had after WW2. In the depression banks failed by the thousands we have had less than 30. The stock market dropped 80% we are at 50% but they seem to have settled for now. When the market crashed in the 30's there were no buyers, we still have plenty of buyers out there. People had borrowed heavily to buy stock and couldnt pay their margins and it got in a wicked cycle during the depression. You cant do that today, they have built in protections. There are plenty of buyers out there they are just waiting to get back in. And the list can go on. So at this time I am going to take this as it is, so far this is just a very bad recession and we will probably snap out of it. The numbers are within the ratios of other bad times even though they seem astronomical money numbers to us. In fact we have a long ways to go before we get close to the ratios we had during the depression and after WW2. Even with those worst ratios the currency did not collapse so lets take it easy on this one for now. But before everyone jumps on me, I do recognize that if things get out of hand it can get worse. Study Keynsian philosophy of economics and you will understand what the governments of the world are trying to do. That is the basic philosophy of Economics practised today. The Russians can propose a different base currency but there are none out there strong enough to replace the dollar. The pound is weak and the Euro is having problems with the Germans and French wanting to participate. They feel they could do better without being part of the Euro and there is sentiment that their economies would do better with their own currencies. So not everyone out there is looking for a world currency to solve their problems. To enact a world currency you would have to go to several regional currencies first. It would take years and many steps to get there.
  • #1,495
  • Mar 20, 2009 11:36am Mar 20, 2009 11:36am
Quoting dmjservices
what are we to do about that though. all these moves i think are really bad for this system.

i just think its time for really good safeguards.

i dont care if its a Jumping EA or a spike indicator that automatically kicks us out.

ill tell you what my USD pairs are dieing in demo accounts. i took a Demo account of 6300 and turned it into 1600 this morning. thats alot of losses. all at once. i think the 100x80 might have helped but we have a real trend going on in USD. a strong trend.

have you ever though about following the trend. with this....
Look at the 100/40 EA of Bob's. It's a trend following EA. I trade it on the EUR/USD exclusively and it survived the big moves in Oct. through today with the settings I use.
  • #1,496
  • Mar 20, 2009 5:00pm Mar 20, 2009 5:00pm
are you willing to share your settings

BTW its looking like EUR might be looking for a way to weaken. look at the news
the markets moving, time to get in!
  • #1,497
  • Mar 20, 2009 5:22pm Mar 20, 2009 5:22pm
[quote=nanningbob;2617688]When you have a generation of people who really have never experienced bad times, they let their imaginations run wild....

Thanks, Nanningbob, for keeping the cool hand of experience on the tiller. And thank you BIGTIME for the insightful work you have done on FF. It is a thing of beauty in a turbulent marketplace. We all benefit from your work.

Bruce
  • #1,498
  • Mar 20, 2009 6:15pm Mar 20, 2009 6:15pm
Quoting dmjservices
are you willing to share your settings

BTW its looking like EUR might be looking for a way to weaken. look at the news
The 100/40 EA follows the 2MA. Trades are triggered when the 1MA (median) crosses the 2MA. I started Oct.26th with $3000 and have traded it up to $4500 with these settings- .02 lots, max. trades 15, mult. 1.5 no stop loss. I've seen Ea go as many as 12 levels since then but will usually only go 6-8 levels or less before it turns around for a TP. I usually get out of the market by thur. am so I limit the risk of taking trades into the weekend. Of course as Bob puts it , if someone drops a bomb, and your on the wrong side of the 2MA you could margin out. Won't be trading that demo anymore since I went live this past week with the same settings. I started with $2000 so I can only go 14 levels. I'm hoping I can pull at least $2000 of profits out before the bomb drops.
  • #1,499
  • Mar 20, 2009 9:07pm Mar 20, 2009 9:07pm
Quoting Toothman
The 100/40 EA follows the 2MA. Trades are triggered when the 1MA (median) crosses the 2MA. I started Oct.26th with $3000 and have traded it up to $4500 with these settings- .02 lots, max. trades 15, mult. 1.5 no stop loss. I've seen Ea go as many as 12 levels since then but will usually only go 6-8 levels or less before it turns around for a TP. I usually get out of the market by thur. am so I limit the risk of taking trades into the weekend. Of course as Bob puts it , if someone drops a bomb, and your on the wrong side of the 2MA you could margin...
Trading both ways or only buy or sell at a time?
Thanks.
  • #1,500
  • Mar 21, 2009 12:08am Mar 21, 2009 12:08am
Quoting desi
Trading both ways or only buy or sell at a time?
Thanks.
the 100x40 from the holy grail thread only buys or sells in the direction of a 1 day chart not both ways. Works very well on currencies that stay in a 300-400 pip range. Toothman is using a lot more levels than what I used with it. He has the right idea as long as the super, absolutely very perfect super storm does not come along. In reality anything that would beat that would be such a big news story he would know about it in advance. The 100x80 will trade both ways if you like that but right now the risk is great even for an EA with a 600 pip range.
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