Central Banks & Big Players | Page 136 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

How do you know all the positions held by big players? 25 replies

ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies

Central Banks and Big Players: Slight change in code reqd 7 replies

Japanese housewives are wrecking the forecasts of big players! 25 replies

Big players and Forex 4 replies

Attachments: Central Banks & Big Players
Exit Attachments

Central Banks & Big Players

  • #2,701
  • Jul 15, 2010 8:49pm Jul 15, 2010 8:49pm
system updated, refer to page 1
Invest in alarm clocks
  • #2,702
  • Jul 15, 2010 9:05pm Jul 15, 2010 9:05pm
Quoting Tony112
system updated, refer to page 1
Cool. We will see what happens... I could easily run a backtest on this and see how well it works or not. Maybe I will program that up this weekend.
  • #2,703
  • Jul 15, 2010 9:25pm Jul 15, 2010 9:25pm
Quoting Tony112
system updated, refer to page 1
You mention progressively moving the stop, at what point do you do this and at what point are you at breakeven?
  • #2,704
  • Jul 15, 2010 9:54pm Jul 15, 2010 9:54pm
Quoting Beta4x
Cool. We will see what happens... I could easily run a backtest on this and see how well it works or not. Maybe I will program that up this weekend.
It will be very hard to pull out some realistic stats since we are progressively moving the stop-loss which is at your discretion and still left to determine. You also have to keep in mind that we're actually gathering people to trade in the same direction which I believe in the future will have some sort of effect on the currency, even if infinitely small in the beginning.
Invest in alarm clocks
  • #2,705
  • Jul 16, 2010 12:32am Jul 16, 2010 12:32am
Well, part of contributed entry with FF forum mates is unbelievable.
Any amount of stand-alone traders is a drop in a bucket comparing to any central bank or big player.
  • #2,706
  • Jul 16, 2010 12:59am Jul 16, 2010 12:59am
Quoting Dael
Well, part of contributed entry with FF forum mates is unbelievable.
Any amount of stand-alone traders is a drop in a bucket comparing to any central bank or big player.
agreed, but you would be surprised the amounts certain people have, plus unity makes strength
Invest in alarm clocks
  • #2,707
  • Jul 16, 2010 1:05am Jul 16, 2010 1:05am
example on Frankfurt open, lost 0.5 pips / half of a pip
Attached Image (click to enlarge)
Click to Enlarge Name: frankfurt1.gif Size: 10 KB
Invest in alarm clocks
  • #2,708
  • Jul 16, 2010 1:07am Jul 16, 2010 1:07am
awaiting London Open in less than an hour
Invest in alarm clocks
  • #2,709
  • Jul 16, 2010 1:11am Jul 16, 2010 1:11am
Quoting Tony112
example on Frankfurt open, lost 0.5 pips / half of a pip
Do you manually move your stop through 2 - 1.5 - 1 - 0.5 - 0 pips?
  • #2,710
  • Jul 16, 2010 1:20am Jul 16, 2010 1:20am
Quoting Dael
Do you manually move your stop through 2 - 1.5 - 1 - 0.5 - 0 pips?
yes manually as price flies away from entry... in the worst case, you will lose 2 pips max, average pip loss per trade should be 1
Invest in alarm clocks
  • #2,711
  • Jul 16, 2010 1:23am Jul 16, 2010 1:23am
Tony thanks for the update

I think I rem seeing this on the old 1st page but im prob wrong..was there, is there a link to where we can down load the necessary software to get the 5sec candles ?

Cheers

Paulis
  • #2,712
  • Jul 16, 2010 1:24am Jul 16, 2010 1:24am
I´m with you Tony, waiting for London Open.

Just PA, R:R incredible, and for me the most original: trying to create a big movement calling all trader from FF,.... I wish we could all have success...

Bravo Tony
  • #2,713
  • Jul 16, 2010 1:30am Jul 16, 2010 1:30am
Quoting Paulus
Tony thanks for the update

I think I rem seeing this on the old 1st page but im prob wrong..was there, is there a link to where we can down load the necessary software to get the 5sec candles ?

Cheers

Paulis
sure sign up with Oanda.com
Invest in alarm clocks
  • #2,714
  • Jul 16, 2010 1:31am Jul 16, 2010 1:31am
Quoting Caillou
I´m with you Tony, waiting for London Open.

Just PA, R:R incredible, and for me the most original: trying to create a big movement calling all trader from FF,.... I wish we could all have success...

Bravo Tony
Thank you, you can be sure that there will be masses jumping on the same train. This thread will soon reach the HALF MILLION views
Invest in alarm clocks
  • #2,715
  • Jul 16, 2010 1:37am Jul 16, 2010 1:37am
Hi Tony

Do you wait for the first 5 sec candel to close?
  • #2,716
  • Jul 16, 2010 1:38am Jul 16, 2010 1:38am
Thanks Tony appreciate it

Is it possible for any traders using this system to post just a quick update of how they are doing

Im not a great believer in back testing and have never done one on any system I use..I always prefer to forward test with very small lots.

it would be great to get an approx feel for the strike rate and or frequency of the trades as I think it will add momentum and confidence to others that read the thread

An approximation will do ie over 3 months ive trade 100 times and my strike rate is 1 win for every 5 losers etc

its not an exact science I know as different people once in a trade will exit differently but I think we need to get a gut feel of how the system performs

Cheers

paulus
  • #2,717
  • Jul 16, 2010 1:40am Jul 16, 2010 1:40am
Quoting Add
Hi Tony

Do you wait for the first 5 sec candel to close?
No, we simply jump on the initial direction of the market open... we could even be looking at a tick chart, but I prefer the 5 sec chart since it gives a clearer view. In some rare cases the first 5 sec candle of an open can even be idle or nonexistent, in these cases we would still wait for the initial direction and jump in the train with minimum SL
Invest in alarm clocks
  • #2,718
  • Jul 16, 2010 1:45am Jul 16, 2010 1:45am
here is a good example of what will eventually happen to you if you follow the rules, inevitability, it will I promise
Attached Image (click to enlarge)
Click to Enlarge Name: london9.gif Size: 13 KB
Invest in alarm clocks
  • #2,719
  • Jul 16, 2010 1:46am Jul 16, 2010 1:46am
It's going up again. 1.300 area
  • #2,720
  • Jul 16, 2010 1:47am Jul 16, 2010 1:47am
just go back to todays NY open for the EUR / USD and notice what happened

unfortunately, i missed it and waking up 3 minutes after the NY open resulted me of thousands of dollars in missed opportunity
Invest in alarm clocks
18 traders viewing now