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Kang Gun Relative Strength trading - the EA's

  • #1,001
  • Nov 1, 2009 6:11pm Nov 1, 2009 6:11pm
Quoting scooby-doo
There is some heavy buying of XXXJPY going on. Nearly 1000 pips on GBPJPY alone.
don't have a buy gj any where, but this is reflected in the sell xxxjpy demo trades I.
  • #1,002
  • Nov 1, 2009 6:11pm Nov 1, 2009 6:11pm
And in the Stoch figures shown by the robot.
  • #1,003
  • Nov 1, 2009 6:14pm Nov 1, 2009 6:14pm
Do BOJ often switch between buying JPY and selling JPY so quickly?

  • #1,004
  • Nov 1, 2009 6:15pm Nov 1, 2009 6:15pm
Quoting SteveHopwood
Do BOJ often switch between selling and buying so quickly?

Yes. But not normally on this level.

There pending economic news is obviously not very good so they are making big bucks while they can!!!
  • #1,005
  • Nov 1, 2009 6:22pm Nov 1, 2009 6:22pm
Quoting scooby-doo
Yes. But not normally on this level.

There pending economic news is obviously not very good so they are making big bucks while they can!!!
At the mo, Stoch is showing xxxJPY heavily OB on the 15m, which seems to indicate selling JPY.

Fascinating stuff.

  • #1,006
  • Nov 1, 2009 6:23pm Nov 1, 2009 6:23pm
Quoting SteveHopwood
At the mo, Stoch is showing xxxJPY heavily OB on the 15m, which seems to indicate selling JPY.

Fascinating stuff.

Dont forget also that Tuesday is a holiday over there so Monday will see some irregular buying and selling before they close.
  • #1,007
  • Nov 1, 2009 6:25pm Nov 1, 2009 6:25pm
Right now, all the xxxJPY 15M show a Stoch reading of 100 - can't get any more OB than that. Looking forward to seeing what happens next.

  • #1,008
  • Nov 1, 2009 6:29pm Nov 1, 2009 6:29pm
Quoting SteveHopwood
Right now, all the xxxJPY 15M show a Stoch reading of 100 - can't get any more OB than that. Looking forward to seeing what happens next.

Dont you just love those guys in BOJ.

You could make a very nice income just trading the XXXJPY pairs, with like i said, virtually risk free.
  • #1,009
  • Edited 6:47pm Nov 1, 2009 6:30pm | Edited 6:47pm
Fascinating.

All the 15M Stoch are at 100 but none of the 1H Stoch are above 47, so I would not be buying xxxJPY at this point.

  • #1,010
  • Nov 1, 2009 6:32pm Nov 1, 2009 6:32pm
Quoting scooby-doo
Dont you just love those guys in BOJ.

You could make a very nice income just trading the XXXJPY pairs, with like i said, virtually risk free.
Starting to love this already.

  • #1,011
  • Nov 1, 2009 6:41pm Nov 1, 2009 6:41pm
Actually I got a normal buy signal from my usual trading method and I'm riding EURJPY up now anyway.
You are in a maze of twisty little passages, all alike.
  • #1,012
  • Nov 1, 2009 6:44pm Nov 1, 2009 6:44pm
12.42 2nd Nov

Some heavy selling of the JPY going on. All my xxxJPY trades are going in that direction.

Nice for my stuck sell xxxJPY baskets for now. When these turn around, I shall have a clearer idea why.

  • #1,013
  • Nov 1, 2009 6:46pm Nov 1, 2009 6:46pm
Quoting stevegee58
Actually I got a normal buy signal from my usual trading method and I'm riding EURJPY up now anyway.
Shooting towards the stars. Forgive my previous - so used to selling when the Stoch is OB.

  • #1,014
  • Nov 1, 2009 6:48pm Nov 1, 2009 6:48pm
I've been finding trading Sunday nights to be way more fun than drinkin beers and watchin football.
You are in a maze of twisty little passages, all alike.
  • #1,015
  • Nov 1, 2009 6:55pm Nov 1, 2009 6:55pm
Quoting stevegee58
I've been finding trading Sunday nights to be way more fun than drinkin beers and watchin football.
And more profitable in your case, I guess.

I hope to say, "Me too" soon.

  • #1,016
  • Nov 2, 2009 12:41am Nov 2, 2009 12:41am
scooby and steve - can you elaborate on this whole trading the BoJ intervention thing please, I'm struggling to get my mind around it. You say BoJ intervenes routinely at Tokyo open, and then reverses later on?
TRADE FOR SWAP
  • #1,017
  • Nov 2, 2009 4:20am Nov 2, 2009 4:20am
Currymonster and I have just had the same experience. V3 tried to open a GBP basket and only got as far as 3 of the trades.

Looking in the Experts tab, I see a 'zero divide' error. This causes the robot to hang up its tools and go on strike.

I will let you all know when I have found the bug.

  • #1,018
  • Nov 2, 2009 4:35am Nov 2, 2009 4:35am
This has to be a quick post before I get caught by my Senior Currency Manager.

I hope some of you stayed up like me and Steve to see actually what the BOJ does prior to Tokyo open, during and close.

The JPY basket or group made around 4,000 pips up and down in a short space of time. They are unique in doing this and making millions for their treasury as they dont need to worry about crossing different trading sessions with London and New York.

Also, you dont need to worry because all (good) brokers know this goes on and besides they make money out of the spreads they offer to retail traders.

I have to go now, so happy trading to everyone and I be back later.

Cheers.
  • #1,019
  • Nov 2, 2009 4:54am Nov 2, 2009 4:54am
I think I found the bug; the function needed some code to stop it trying to work out lot sizes for a pair the broker does not offer for trading.

Fixed version in post 1. At least, I think it is fixed.

  • #1,020
  • Nov 2, 2009 6:19am Nov 2, 2009 6:19am
The GBP basket still hit TP (100 pips) fine anyway, even with only three open trades! Now trialling the updated version. Great work again Steve

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