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Strat's Long Term Stress Free Trading

  • #7,161
  • Nov 1, 2009 5:50pm Nov 1, 2009 5:50pm
Quoting AstonDan
Done: http://www.bloomberg.com/apps/news?p...prrYfSSQ&pos=1

Be safe out there folks.
Yes, make sure you wear your c, c, co, co, con, con - damn I must stop watching A Fish Called Wanda!

con.......................

con......................

conservative hat!
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,162
  • Nov 1, 2009 6:36pm Nov 1, 2009 6:36pm
Quoting AstonDan
Done: http://www.bloomberg.com/apps/news?p...prrYfSSQ&pos=1

Be safe out there folks.
Thanks for the article Dan.

Neither a borrower nor a lender be.
  • #7,163
  • Nov 1, 2009 7:26pm Nov 1, 2009 7:26pm
There are some VERY POWERFUL Sunday bars today! So many I'm spoiled for choice - damn it, I'm taking all of them!
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,164
  • Nov 1, 2009 7:32pm Nov 1, 2009 7:32pm
Dan,

Remember that chart I posted on EURJPY?

Have you seen where the hammer is?

This thing is magic, bloody MAGIC!
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,165
  • Nov 1, 2009 7:44pm Nov 1, 2009 7:44pm
Oh all right here it is!
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 30 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,166
  • Nov 1, 2009 7:46pm Nov 1, 2009 7:46pm
Alexandra - Have you got yer wellies out?
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,167
  • Nov 1, 2009 8:06pm Nov 1, 2009 8:06pm
Quoting strat
Oh all right here it is!
what about the BOSS? that big BEOB, although it did stop right at that TL
  • #7,168
  • Edited 8:41pm Nov 1, 2009 8:16pm | Edited 8:41pm
Quoting strat
Alexandra - Have you got yer wellies out?
Uh oh I think you are selling yens and I'm buying them. That's what makes a market I guess.
I still like USDJPY short
  • #7,169
  • Edited 9:04pm Nov 1, 2009 8:53pm | Edited 9:04pm
Quoting strat
Oh all right here it is!

Since we gapped so far down and we know that gaps are most likely to fill.

Does that still make this a valid hammer to trade from?

Take quick profits and get out?

Maybe i am thinking too much but it seems that this may have formed a hammer
only because of the gap?
  • #7,170
  • Nov 1, 2009 9:09pm Nov 1, 2009 9:09pm
Strat,

I understand that brokers data can differ but you don't usually see it on the weekly.

I've looked at it every way I know how but no matter how I draw it using the most recent lowest swing lows, I can't get my DSRI to show last week breaking it. Quite the opposite I show this week bouncing off of it.

In light of you saying you closed your system and your chart shows a clear break last week, I has to be an error on my part. Can you show me where I'm not seeing this correctly?

Your chart is first. My chart is second. Yellow line is your DSRI and the blue one is mine. I'm beginning to suspect IBFX is purposely making their data not look like anything tradable. Their daily bar begins at 00:00 GMT but it never looks like any of the others that say they begin at 00:00 GMT

Third chart shows my lines.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Strat's EURUSD Weekly.gif Size: 31 KB
Click to Enlarge Name: eurusd.gif Size: 26 KB
Click to Enlarge Name: line.gif Size: 19 KB
  • #7,171
  • Nov 1, 2009 9:21pm Nov 1, 2009 9:21pm
Quoting mstandifer
Strat,

I understand that brokers data can differ but you don't usually see it on the weekly.

I've looked at it every way I know how but no matter how I draw it using the most recent lowest swing lows, I can't get my DSRI to show last week breaking it. Quite the opposite I show this week bouncing off of it.

In light of you saying you closed your system and your chart shows a clear break last week, I has to be an error on my part. Can you show me where I'm not seeing this correctly?

Your chart is first. My chart is second. Yellow line...
Heres mine FXpro Feed.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd110109W1DSRI.png Size: 45 KB
Click to Enlarge Name: eulinechart.gif Size: 15 KB
  • #7,172
  • Nov 1, 2009 9:31pm Nov 1, 2009 9:31pm
Thanks for showing me that CrudeCraig. I opened a demo FxPro account just to check it out and I can't believe the difference.

I don't know if anyone else has experiences with IBFX but I haven't really had any complaints until now. I had even learned to live with their crappy back end Virtual Dealer program (you know the one that requotes during zero activity even though your trading micro lots). But this is causing me problems on the Path. I see all these great setups you guys are talking about on the charts you show but they just aren't there on mine.

I know we can only trade what's on our charts but at some point there has to be some similarities to make sense. Mine have yet to show hammers or stars. They are all either very bad bond bars or just don't even come close.

Anyone have any recommendations on a US broker that shows accurate candles?
  • #7,173
  • Edited 10:08pm Nov 1, 2009 9:55pm | Edited 10:08pm
Quoting mstandifer
Thanks for showing me that CrudeCraig....
I have IBFX also, I have no complaints. The broker's feed is a little different at times. For instance, Strat had a hammer on EUR/JPY, I had a doji. It does however show hammers. Good hammers and shooting stars do not happen everyday, or even every week. If you look in your history, you will see hammers and shooting stars. I have gotten good hammers and shooting stars when others have not and vice versa. I have noticed a lot of people on here get a hammer and mine is not even close. But you will also get hammers that are not even close on their charts also. It does work out, I know it does not make sense, but it averages out somehow.


It may take a week, or two, or even a month. But the shooting stars and hammers do show up even on IBFX. I also have looked at strats chart. The only way I can get that close below is by drawing the line from april 12 to august 30, on the weekly chart. I am not that concerned about it simply because, the price action is still there to show the downwards bias. The bearish engulfing pattern/dhlc on the weekly, whatever you want to call it.

I guess what I am saying is, no matter what broker you go through, you will still get candles that others do not, and they will get ones that you do not. It does seem like you will never get price action, but it will show up. No matter what broker you go through.
  • #7,174
  • Nov 1, 2009 10:04pm Nov 1, 2009 10:04pm
Quoting rgrace
I have IBFX also, I have no complaints.
Thank you for the reassurance on IBFX. I may let them hold my capital for a bit longer then
  • #7,175
  • Nov 1, 2009 10:25pm Nov 1, 2009 10:25pm
Quoting mstandifer
Thank you for the reassurance on IBFX. I may let them hold my capital for a bit longer then
I just opened my live account with them.

Not impressed with the charts though i will be using FXpro as my data feed and trading through IBFX. I dont like how IBFX opens an hour later than the rest of the market it seems to really screw things up on a day like today.

Granularity is great though you can go down to 1 cent a pip if you so choose.
  • #7,176
  • Nov 1, 2009 10:31pm Nov 1, 2009 10:31pm
Quoting strat
There are some VERY POWERFUL Sunday bars today! So many I'm spoiled for choice - damn it, I'm taking all of them!
Strat you said always ignore Sunday bars. Yes you did leave a caveat. Is today one of those?
  • #7,177
  • Nov 1, 2009 10:33pm Nov 1, 2009 10:33pm
Quoting mstandifer
Thank you for the reassurance on IBFX. I may let them hold my capital for a bit longer then
And just to reassure you about the hammers. If you look on your data on July 13 2009, and October 2 2009, on Aud/Usd there are two hammers. The one on July 13th is near perfect, the one on October 2 is not perfect but still okay. There are others on many other charts, on the daily the weekly, and the monthly.

Very few are perfect, some are very close but they are few and far between. They do not have to perfect, as long as they are large enough that they stand out, and would make a swing low if they work, then that is a good hammer. Of course you still need to check the weekly and monthly (this is more for me than you) to make sure it is okay to take it.
  • #7,178
  • Nov 2, 2009 1:13am Nov 2, 2009 1:13am
Quoting mstandifer
Strat,

I've looked at it every way I know how but no matter how I draw it using the most recent lowest swing lows, I can't get my DSRI to show last week breaking it. Quite the opposite I show this week bouncing off of it.
And this is how I see it. Daily is from IBFX and weekly has no Sunday bar from another data vendor for Metastock. Since Sunday bars stretch the chart, they make difference on daily. I also see DSRI was broken and I need to see the price above 1.4880 to consider long again or wait for 1.4479 to see PA (trend is still up, that's why I am not taking short).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD-Daily.jpg Size: 138 KB
Click to Enlarge Name: EURUSD-Weekly.jpg Size: 159 KB
  • #7,179
  • Nov 2, 2009 1:17am Nov 2, 2009 1:17am
Quoting mstandifer

I don't know if anyone else has experiences with IBFX ...
I have been using IBFX for a long time and had no problem at all with their candles.
  • #7,180
  • Nov 2, 2009 8:53am Nov 2, 2009 8:53am
Ok, good deal then. Thank you Blackeagle, CrudeCraig and Rgrace for pointing out the details on IBFX. I'll sleep a little better this evening knowing their candles are usable.

Blackeagle, thanks for showing your IBFX DSRI break on last week, that clears it up.
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