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  • #41
  • Aug 30, 2009 9:43am Aug 30, 2009 9:43am
Quoting magnumfreak
Because I do not know when a trend will end, I don't re-enter. I just wait for a new signal. I have looked at things like price rejecting off of one of the lines but I have found that although they are reasonably reliable (around 70%) signals I just couldn't get myself to pull the trigger in live trading.
thanks Magnum, I think you got it right when you say in live trading you couldn't pull the trigger. I'm not sure I would have fared as well in live trading too so I will demo some more this week to get back the feel, I was always able to pull a 100 pips in 10's and 20's on a 1M chart when I found that a long term trade was going sour, but it's been a while since I did that because I was trying to shift to a longer TF as it suits my work schedule, but it seems M1 is the right TF for me
  • #42
  • Aug 30, 2009 9:50am Aug 30, 2009 9:50am
Hi MF,

I originally posted this in the m1 thread, but as it just pertains to your method, and you said I could post here, I will post it here instead.

These are the final two trades of last Friday. Also note I think I was able to make an arrow indi that meets the requirements you listed and also satisfies the criteria from all of your posted screen shots. I will not post it, as it is not my concept, but would be happy to send you the code. I have put the copyright in your name. If you think I should not be using it, I will not and will delete all copies.

I also enhanced a little program by NF that puts the open times of the markets on the chart as just a line. I could post that if you wish.

PS, As this is your journal, just drop me a PM if you wish me to delete this post.
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  • #43
  • Aug 30, 2009 10:08am Aug 30, 2009 10:08am
Quoting smjones
Hi MF,

I originally posted this in the m1 thread, but as it just pertains to your method, and you said I could post here, I will post it here instead.

These are the final two trades of last Friday. Also note I think I was able to make an arrow indi that meets the requirements you listed and also satisfies the criteria from all of your posted screen shots. I will not post it, as it is not my concept, but would be happy to send you the code. I have put the copyright in your name. If you think I should not be using it, I will not and will delete...
I was wondering where that post went , I thought MF objected so you deleted it .
  • #44
  • Aug 30, 2009 2:25pm Aug 30, 2009 2:25pm
Quoting smjones
Hi MF,

I originally posted this in the m1 thread, but as it just pertains to your method, and you said I could post here, I will post it here instead.

These are the final two trades of last Friday....
Phew!!! Laid down to take my usual Sunday pre-startup nap which is normally about 2 hours and I woke up about 6 hours later. LOL! Dang this old age!

Originally I was going to be a hard nose about this thread (see first post). It didn't take me long to realize that's not how I am, yes, I am a softy. LOL!

So feel free to ask questions, make your own arrow indicator or whatever. However, if you post a new indicator, I will challenge you to prove that by adding this indicator it will improve the number of pips captured. So don't post that it "filters out" a couple of bad trades and then I look to see the 200 pip runner was missed also.

The only reason I haven't posted my indicator yet, is there are a number of features that need to be added that I just haven't yet. Like this new method I am testing this week, I have been staring at it for a long time. I could see it, but I couldn't put a set of rules around it that would not negatively impact the pips gained.....until this last weekend.
  • #45
  • Aug 30, 2009 2:48pm Aug 30, 2009 2:48pm
Quoting magnumfreak
The only reason I haven't posted my indicator yet, is there are a number of features that need to be added that I just haven't yet. Like this new method I am testing this week, I have been staring at it for a long time. I could see it, but I couldn't put a set of rules around it that would not negatively impact the pips gained.....until this last weekend.
I know how that goes. I see things that look consistent/similar but then most of the time something will happen to cause me to doubt what I am seeing. Our programming sometimes needs to be modified.

Just curious if by chance your discovery/method has anything to do with other markets (leading/trailing) indicator? This is what I have been tracking for several weeks of and on trying to get my brain wrapped around what I am seeing or appears I am seeing.
  • #46
  • Aug 30, 2009 3:03pm Aug 30, 2009 3:03pm
Ahh now I understand why you said earlier in the thread you were excited to trade again lol... really like this thread magnum it's very good and informative
  • #47
  • Aug 30, 2009 3:14pm Aug 30, 2009 3:14pm
I also fell asleep for 6 hours. Go figure. LOL Age issues also I admit. Naw, I will not post it then. Although I am thinking it just mimics what I see as your existing criteria. But it is just as easy to trade from the actual 2 bar setup.

I look forward to seeing yours when you get it the way you want it.

The other indicator is just drawing a line on each open, in a color coded fashion. Thanks for letting me post here.
  • #48
  • Aug 30, 2009 3:59pm Aug 30, 2009 3:59pm
Good stuff neighbor. Looking forward to reading more.
  • #49
  • Aug 30, 2009 7:18pm Aug 30, 2009 7:18pm
I find this thread to be quite interesting and have already found Magnum's posts to be of help to me with regard to my own trading. I look forward to reading more too.
  • #50
  • Aug 30, 2009 8:49pm Aug 30, 2009 8:49pm
Thanks for all the nice comments, you are starting to make me blush.

Asia has come out to play tonight. Between my normal strategy and the enhancement I worked on over the weekend, the pips are flying in tonight. While tonight has been fantastic, I am looking for consistency so we will see what the rest of the week brings.

If it continues to be consistent I will add it to the indicator and then post it here. I just have to figure out how to present it so everyone can jump in at the exact right moment.
  • #51
  • Aug 31, 2009 8:26am Aug 31, 2009 8:26am
I find it interesting how much time people spend trying to predict where price is going. Some do really well at it. I applaud them for their skills, I really do. I can't justify the expenditure of time and effort. I guess I am lazy in that respect.


The stats from trading last night really won't be valid due to the new method of trading being included. Was I satisfied with the results...... OH YEAH! As the Kool Aide character would say. Although because it is experimental this week I may not show any numbers. I really need to make sure I can continue to duplicate the crazy numbers from last night. I am also trading 3 pairs with this new method instead of my usual 2 so that kind of skews the numbers also.

I will be updating this journal twice a day now. When the Asian session is over and when the U.S. session is over. Trading the 1 min chart makes it difficult to post anything as it is happening.

Keep an eye on news events this week. NFP week can be nutty starting around Wednesday.

Hope everyone reaches their goals without any headaches. Good luck and trade smart.
  • #52
  • Edited 1:03pm Aug 31, 2009 10:03am | Edited 1:03pm
Quoting magnumfreak
I find it interesting how much time people spend trying to predict where price is going. Some do really well at it. I applaud them for their skills, I really do. I can't justify the expenditure of time and effort. I guess I am lazy in that respect.


The stats from trading last night really won't be valid due to the new method of trading being included. Was I satisfied with the results...... OH YEAH! As the Kool Aide character would say. Although because it is experimental this week I may not show any numbers. I really need to make sure I can...
hi magnum,

the "new method" that you mentioned sounds good.

i asked smjones a question over at tur's 1m thread. he gave his take on your system also.

here's what he wrote "What Magnum is doing is looking at the flow of the market he is watching with an eye for quick developments and being ready to exploit that opportunity early. The key in his method is early detection".

i like to hear your take on this and what you think? how you view your own system. thanks
  • #53
  • Aug 31, 2009 7:18pm Aug 31, 2009 7:18pm
Quoting winningfx
hi magnum,

the "new method" that you mentioned sounds good.

i asked smjones a question over at tur's 1m thread. he gave his take on your system also.

here's what he wrote "What Magnum is doing is looking at the flow of the market he is watching with an eye for quick developments and being ready to exploit that opportunity early. The key in his method is early detection".

i like to hear your take on this and what you think? how you view your own system. thanks
That's probably a good assessment of what I am doing. I have not given much thought to trying to describe what I am doing. Not that I think it has no value, just that I have never thought about it. I just know that it works.
  • #54
  • Aug 31, 2009 7:52pm Aug 31, 2009 7:52pm
34,000,000 +...... now what significance does that number have? That's the number of pageviews the top three threads in the "Interactive Trading " forum have combined. They are also bound by one other thing. They are filled with "experts", "guru's" and wannabe's.

About half will post that price is going up and will get to X, the other half are saying price is going down and expect it to get to Y. What amazes me is after whichever sides predictions come true (or even close to true), they will quote their own post just so they can tell everyone how right they were.

Then there is one other type in those forums......"The Alpha Rooster!!" This person is the wise sage of the thread. Do not disagree with the alpha rooster. If you do, prepare for condemnation from on high!!! You will be declared insane and the other chickens in the roost will no longer listen to you. I was actually banned from one roost because I called into question some numbers the alpha rooster had posted. "Don't you know this is Serious Trading" you are being "Childish" Boomed the voice of the Alpha Rooster. And I was quickly added to the roosters ignore list. "You have enemies?Good.That means you've stood up 4 something, sometime in your life."-Winston Churchill

Funny part is that while the roosters were all standing around crowing about how right they are, I pulled about 125 pips from the market.
  • #55
  • Edited 10:12am Sep 1, 2009 12:08am | Edited 10:12am
hi Magnum

thanks for this thread. I follow most of your posts.


these signals are correct?

EDIT: made corrections with trade i think should be took.
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  • #56
  • Sep 1, 2009 5:14am Sep 1, 2009 5:14am
Well the volatility came back to GJ and was able to pull in a long at the Frankfurt open good for 86 pips and a Short a little after the London open for 102 pips. Interestingly, the GBP news Scheduled for 08:30 GMT came out a couple of minutes early, but the system had already signaled a short condition and the strength had already turned negative for the pair. It was as though the news was already known. I have seen this phenomenon quite a bit with GBP news items and London trading.
  • #57
  • Sep 1, 2009 5:40am Sep 1, 2009 5:40am
Quoting magnumfreak
34,000,000 +...... now what significance does that number have? That's the number of pageviews the top three threads in the "Interactive Trading " forum have combined. They are also bound by one other thing. They are filled with "experts", "guru's" and wannabe's.

About half will post that price is going up and will get to X, the other half are saying price is going down and expect it to get to Y. What amazes me is after whichever sides predictions come true (or even close to true), they will quote their own post just so they can tell everyone...

I do love your thinking - it's as if you are saying what a lot of us can't put into words
  • #58
  • Sep 1, 2009 5:42am Sep 1, 2009 5:42am
Quoting smjones
Well the volatility came back to GJ and was able to pull in a long at the Frankfurt open good for 86 pips and a Short a little after the London open for 102 pips. Interestingly, the GBP news Scheduled for 08:30 GMT came out a couple of minutes early, but the system had already signaled a short condition and the strength had already turned negative for the pair. It was as though the news was already known. I have seen this phenomenon quite a bit with GBP news items and London trading.
Yep there seems to always be more corruption than we ever want to admit Goes for everything though, every market, everything which is money related in life, which is nearly everything!

Just like the big players front run big news, so do people in the horse racing betting exchanges, and here the big players are the horse trainers! Exactly same principals, different players
  • #59
  • Sep 1, 2009 7:23am Sep 1, 2009 7:23am
took a sell right now. The candle/bar of 12:20 GMT was the first to close below the blue line.
  • #60
  • Sep 1, 2009 8:04am Sep 1, 2009 8:04am
Quoting magnumfreak
34,000,000 +...... now what significance does that number have? That's the number of pageviews the top three threads in the "Interactive Trading " forum have combined. They are also bound by one other thing. They are filled with "experts", "guru's" and wannabe's.

About half will post that price is going up and will get to X, the other half are saying price is going down and expect it to get to Y. What amazes me is after whichever sides predictions come true (or even close to true), they will quote their own post just so they can tell everyone...
this is just herd mentality at work. some are there to see what people trading the same pair as them thinks. looking to find other traders who share the same sentiment as them. if there are, then their confidence for taking the trade will be high. justifying their own reasons for why they took the trade. as they see that there are others who also think like them.

in those threads, those who made the most accurate calls. whether by their own system, guesses or luck. will be revered as the guru of that thread, till another one comes along. those who give calls are doing it either out of boredom or out to impress. that's how i look at it. thanks
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