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  • #221,901
  • Apr 7, 2010 7:14pm Apr 7, 2010 7:14pm
Gator,

I am not insulting your intelligence.....your are good at this and your numbers are helpful....

I am just taking a small position LONG.....if i am right.....I'm probably wrong so if it goes into a baby bull run...I may exit at 3374....but i will watch PA.....right now I have stop at B/E +1.....

I actually would like to see a run up so I can short this thing......I agree with all your commentary....but sometimes...sometimes we get a Bull run upwards....still in a DOWNTREND LT
  • #221,902
  • Apr 7, 2010 7:15pm Apr 7, 2010 7:15pm
Quoting ^Sam
The [U.S. Dollar Index] rose above 81.70 intraday suggesting that wave 5 up from the 79.51 low on March 17 may be extending toward higher levels, above the March 25 high at 82.24.
Also Dead meat at about those levels.. 82 +-... Topping...

Looks like tomorrow USDx setting up for some serious Tanking...

Nothing goes in 1 direction for too long... We'll see as usual..

I closed all my trades till tomorrow..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #221,903
  • Apr 7, 2010 7:16pm Apr 7, 2010 7:16pm
Quoting gatorinla
if you look at that chart you will see a purple line near the top. that is the second completed big tf. chart from 1.6 chart. the first completed at 4294. the second 3842 (purple line @ top) the blue completes at 1.2040.. the other 2 were completed last year but the levels were respected all of late 2008/10. the blue one is the next to complete. then green completes at 1.0858.. the other ones should be respected.. if they are it validates them and the pattern. (yes they are validated in my little mind) random #s cant do what...
i'm trying to figure out, what exactly it is, that makes them complete...
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  • #221,904
  • Apr 7, 2010 7:17pm Apr 7, 2010 7:17pm
Quoting IMARICH1
Gator,

I am not insulting your intelligence.....your are good at this and your numbers are helpful....

I am just taking a small position LONG.....if i am right.....I'm probably wrong so if it goes into a baby bull run...I may exit at 3374....but i will watch PA.....right now I have stop at B/E +1.....

I actually would like to see a run up so I can short this thing......I agree with all your commentary....but sometimes...sometimes we get a Bull run upwards....still in a DOWNTREND LT
hell the indis i looked at said your right.

but not the little wedge
those who can, do. those who cant, talk about those who can
  • #221,905
  • Apr 7, 2010 7:20pm Apr 7, 2010 7:20pm
If we get back up to the DP which is the blue line on this chart. That's where I'm going to look for a good short opportunity. I have one now running with stop at +1.

We had some support at about the 3350 zone too so it could be resistance now. It also happens to be the pivot point and right around the major low of our few months of ranging.

As everyone else has already said, we could make a new low soon. I don't care either way cause I'll be in and out pretty much every 30 pips either way now.


Me personally, I'm trying to learn/adopt Acumens system and stick to that and NOTHING else.

I'll eventually get some money into another sub account and use that for other methods/longer term trades after I get completely comfortable on this one for a year or so.

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  • #221,906
  • Apr 7, 2010 7:20pm Apr 7, 2010 7:20pm
LEFT JPY pairs, after Japanese Data..

Bought EU believe it or not, have to mix them from time to time (tight SL of course)..

Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #221,907
  • Apr 7, 2010 7:24pm Apr 7, 2010 7:24pm
if all the lows are always being bought and the attempts of retracement sold of as soon as possible we are going to be in this range for ever..
  • #221,908
  • Apr 7, 2010 7:25pm Apr 7, 2010 7:25pm
1.33878 if it breaks. Looks promising.
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  • #221,909
  • Apr 7, 2010 7:25pm Apr 7, 2010 7:25pm
Quoting Maeglin
if all the lows are always being bought and the attempts of retracement sold of as soon as possible we are going to be in this range for ever..
the weaker one will loose
  • #221,910
  • Apr 7, 2010 7:26pm Apr 7, 2010 7:26pm
Quoting Maeglin
if all the lows are always being bought and the attempts of retracement sold of as soon as possible we are going to be in this range for ever..
Which has been the case since 2 months ago. Which is why I hope something happens soon.
  • #221,911
  • Apr 7, 2010 7:26pm Apr 7, 2010 7:26pm
Quoting SkyzerFX
LEFT JPY pairs, after Japanese Data..

Bought EU believe it or not, have to mix them from time to time (tight SL of course)..


have fun
  • #221,912
  • Apr 7, 2010 7:30pm Apr 7, 2010 7:30pm
Quoting SkyzerFX
LEFT JPY pairs, after Japanese Data..

Bought EU believe it or not, have to mix them from time to time (tight SL of course)..

i stayed in, unless they break out from my channel on 5m chart..they went back in on last 5min candle so i m still riding..tp 141.77 and 141.28, and 123.5
  • #221,913
  • Edited 7:43pm Apr 7, 2010 7:32pm | Edited 7:43pm
Quoting m78
what timeframe is the robot trading on ? does it only enter on candle close/open ? or maybe this ... what timeframe is the sar using ?
It uses h4 charts. I get terrible results on h1. Guess that is related to noise and news. Yes, it also uses chart pattern (candlestick) recognition. Chaos theory and fractals. A combination. Plus some other but minor things. Best thing it needs only exactly really one coefficient and that is the trailing stop with 15. The signal seems to be very good. I had a prior version without a filter and more losses. But it made around 100 trades and still did show a line from lower left to upper right without any preferred time of gaps or drawdowns or profits. Then I got how to cut all losses with just one simple filter out of the game. Thats why I could increase the risk per trade. If I get 2 or 3 losses per 34 trades i will laugh about the losses of maximal 14% each if the gains are more than 400%.

I've just attached a chart and here is a report of that what I have right now. This is no ad, however. I won't sell that. Sry. Just to give somebody an idea how successful a robot on forex could be and as robots can do what traders do, how successful traders can be. I mean, I did not prove that live right now. You have to wait just a couple of years for that, lol.

===snip===
Strategy Tester Report
Lastisfirst2
AlpariUK-Classic-1 (Build 225)

SymbolEURUSD (Euro vs US Dollar) Period4 Hours (H4) 2008.11.07 20:00 - 2010.03.15 20:00 (2008.11.01 - 2010.03.16) ModelEvery tick (the most precise method based on all available least timeframes)

Initial deposit500.00

Total net profit2137.68Gross profit2137.68Gross loss-0.00 Profit factor
Expected payoff92.94

Absolute drawdown44.16Maximal drawdown408.90 (18.42%)Relative drawdown21.26% (223.92)
Total trades23Short positions (won %)0 (0.00%)Long positions (won %)23 (100.00%)
Profit trades (% of total)23 (100.00%)Loss trades (% of total)0 (0.00%) Largestprofit trade390.60loss trade-0.00 Averageprofit trade92.94loss trade-0.00 Maximumconsecutive wins (profit in money)23 (2137.68)consecutive losses (loss in money)0 (-0.00) Maximalconsecutive profit (count of wins)2137.68 (23)consecutive loss (count of losses)-0.00 (0) Averageconsecutive wins23consecutive losses0
===snap===

The lotsizes increases/decreases dynamically linear, but not exponential. So, maximal risk is always 14% of current account.

edit: I see that is the former version report and graph, sorry. No shorts only long trades, so only 24 or so trades. With the short trading it is 34 trades and around 300 profit per year. Account start with 1500 will get 6000 after 1 year. I dont know where I have the report and it is late now to make a new one. Anyways, it should give an impression what is possible.
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Sometimes I lose. Sometimes the others win.
  • #221,914
  • Apr 7, 2010 7:33pm Apr 7, 2010 7:33pm
Quoting knuckledrag
have fun
Yeah, I know, it's all about how's your SL set.. Also short

USDCHF, suicidal, maybe little bit too early.. I'll check tomorrow

and re-short It.. Dollar have enough fun last few days, now time

for tanking.. Sure, timing is everything

Now SHORT EU is so clear, that's why I went long (3-rd time today, didn't lost a penny yet on EU,

but have to leave now and will check tomorrow)..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #221,915
  • Apr 7, 2010 7:36pm Apr 7, 2010 7:36pm
lord, throw brains from heavens...

nice picture... but does it hold a grain of truth...`?
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  • #221,916
  • Apr 7, 2010 7:40pm Apr 7, 2010 7:40pm
Quoting SkyzerFX
Yeah, I know, it's all about how's your SL set.. Also short

USDCHF, suicidal, maybe little bit too early.. I'll check tomorrow

and re-short It.. Dollar have enough fun last few days, now time

for tanking.. Sure, timing is everything

Now SHORT EU is so clear, that's why I went long (3-rd time today, didn't lost a penny yet on EU,

but have to leave now and will check tomorrow)..

Picking bottoms is tough. Yes its a minor double bottom, but its still counter trend.
  • #221,917
  • Apr 7, 2010 7:50pm Apr 7, 2010 7:50pm
Quoting ledobedo
u probably got the experience part wrong..i m 21 dude..trading since 19, live 4 months or so...i never thought about robots, first i dun know how to code and i m here not just for the money, not even fun but the thrill i guess...if it was the money i wud have gotten out long ago since i m still running at a loss, gradually smaller loss but loss nonetheless...14% not soo high, for a robot maybe, as i said i dun know bout robots..i trade bout 20% margin per trade...very tight stops, very short term...longer term trades never worked out for me...my...
Oh, you can be very old like me (49) and do the things wrong anyways, lol. Maybe I had some luck and am in profit zone. Yeah i know what you mean with manual trading. For me its learning. I love to learn. I try always to trade long term, but at the end I am almost scalping, lol. Well, kidding a bit. My best trades are trades which are open some days, but only if there is much volatility.

I did not even think about forex trading when i searched for a way to have liquidity always at hand if I travel from Europe to the US and back and forth. So I found out the things about forex. Other investments like commodities (my next post among gold, lol) and stocks also since some years.
Sometimes I lose. Sometimes the others win.
  • #221,918
  • Apr 7, 2010 7:56pm Apr 7, 2010 7:56pm
Somebody hit the sell switch
Disclaimer: Check your 1m charts
  • #221,919
  • Apr 7, 2010 7:57pm Apr 7, 2010 7:57pm
Quoting thelws
Which has been the case since 2 months ago. Which is why I hope something happens soon.

Even with poor pa price has dropped 260 pips since April 2nd. So it has indeed happened quite a lot for those who've caught it. What's missing are decent pullbacks and good shorting points. I'm still waiting for a good retrace to trigger my pendings, all while looking price slides away in slow motion. Weird.
  • #221,920
  • Apr 7, 2010 7:58pm Apr 7, 2010 7:58pm
My opinion about gold at it is a bit of a topic of the last postings:

If paper money should become worthless, to buy a bread with an ounce of gold might not seem be a good deal, but if that saves my life and the guy next door with his worthless paper money can't buy that bread, it is a deal of life or death.

Well, thats a bit of an extreme. Anyways, gold is a very good insurance against socialistic governments and inflation and many other hazards. I started buying gold since several years and you can imagine I did not lose anything if you take into account it is almost risk free and does not take time or energy like daytrading.

Plus there is one fact: No paper money in this world survived over a couple of hundred years. The only currencies what survived since a thousand years and more are gold and silver.

So, 20% of every investment I would invest in a currency no government knows it and it can be put to anywhere because its small.

There is then also the speculative factor. Gold is a very small market. If people run into gold, it will jump to the moon.
Sometimes I lose. Sometimes the others win.
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