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  • #3,061
  • Jul 20, 2010 3:37am Jul 20, 2010 3:37am
Quote
Not enought momentum, see there are no acceleration, I prefered big candle strategy version because of that.

That's okay if you prefer to hang in front of your chart all day and wait for that candle.
  • #3,062
  • Jul 20, 2010 7:03am Jul 20, 2010 7:03am
well would you look at that. if I hadn't been stopped on my short trade yesterday, I would have big profits today.

already, 0SL on a long trade. anyone else?
  • #3,063
  • Jul 20, 2010 7:04am Jul 20, 2010 7:04am
Long entry at NY open...0SL now
  • #3,064
  • Jul 20, 2010 7:06am Jul 20, 2010 7:06am
Quoting lovejoy80
Long entry at NY open...0SL now
Crikey...Goldman results caused a lot of action...though I got slipped for a min then but was ok, out @ BE
  • #3,065
  • Jul 20, 2010 7:06am Jul 20, 2010 7:06am
Quoting lovejoy80
Long entry at NY open...0SL now
Short wasn't it?
  • #3,066
  • Jul 20, 2010 7:06am Jul 20, 2010 7:06am
Stopped out again on a long trade, but got to 0sl first. So all is good.
  • #3,067
  • Jul 20, 2010 7:07am Jul 20, 2010 7:07am
0SL engaged, and hit
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Invest in alarm clocks
  • #3,068
  • Jul 20, 2010 7:09am Jul 20, 2010 7:09am
Quoting PipsRus
Stopped out again on a long trade, but got to 0sl first. So all is good.
Guys shouldn't this have been a sell?
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  • #3,069
  • Jul 20, 2010 7:13am Jul 20, 2010 7:13am
Quoting DanUK
Guys shouldn't this have been a sell?
Yes, I was shorting too !
  • #3,070
  • Jul 20, 2010 7:15am Jul 20, 2010 7:15am
Technically I suppose it was...I was looking for some real momentum as that's what the method is based on...the big players taking price fast in one direction away from entry.

You'll notice that's what happened yesterday at London open but at NY open there was no high momentum (price has been ranging for the previous hour and was near 1.300 too).

For me it's about the 1st bar with momentum which sets the initial direction i.e. the 1st few 5sec bars...we had Goldman after 1 minute which took it back down.

Just my take on it
  • #3,071
  • Jul 20, 2010 7:16am Jul 20, 2010 7:16am
Quoting DanUK
Guys shouldn't this have been a sell?
is this a 4 or 5 digit broker?
mine, is 5 and it was a long candle.
meine augen sind die sterne
  • #3,072
  • Jul 20, 2010 7:17am Jul 20, 2010 7:17am
Yes was a short and got stopped. It gets easier to spot the first candle now at open. It's the first candle just to the right off the grid that closes on.00 hrs

Quoting DanUK
Guys shouldn't this have been a sell?
  • #3,073
  • Jul 20, 2010 7:17am Jul 20, 2010 7:17am
Quoting DanUK
Guys shouldn't this have been a sell?
yes, initial direction was sell but it was less than 1 pip... it quickly reversed into buy
Invest in alarm clocks
  • #3,074
  • Jul 20, 2010 7:22am Jul 20, 2010 7:22am
Quoting lovejoy80
Technically I suppose it was...I was looking for some real momentum as that's what the method is based on...the big players taking price fast in one direction away from entry.

You'll notice that's what happened yesterday at London open but at NY open there was no high momentum (price has been ranging for the previous hour and was near 1.300 too).

For me it's about the 1st bar with momentum which sets the initial direction i.e. the 1st few 5sec bars...we had Goldman after 1 minute which took it back down.

Just my take on it
Lovejoy, I totally agree.

Despite the open bull candle, if we look back at about 25 mins before NY open we can see some largish bear candles after some extended sideways action. Also as you mentioned about 5 minutes after NY open we see confirmation of a move south. Not exactly what Tony is teaching here with his new strategy.....but just an observation.
What you do is a reflection of you....what I do is a reflection of me.
  • #3,075
  • Jul 20, 2010 7:23am Jul 20, 2010 7:23am
Question- how do you get the time to monitor the candle size, direction, place trade etc all in 5 secs?

Quoting Tony112
yes, initial direction was sell but it was less than 1 pip... it quickly reversed into buy
  • #3,076
  • Jul 20, 2010 7:25am Jul 20, 2010 7:25am
Thanks a lot, Charlie!

It is a mistake. The EA also appears having some hidden logic error (sorry, i'm dumb...) will update after correction.

PS to 'IamThat', your issue will be handled too. (you also need to change minute()==30 to run it)

Quoting FokkerCharli
Very nice work, Charvo

Inserted Code
   if (TradeEuro && EuroOpen == true && Minute() == 1 && Seconds() >= Seconds2Watch && EuroTraded == false && TradeExist(EuroMagic)==false)

Is this deliberate? Or perhaps to fix in the next release!

Charlie
  • #3,077
  • Jul 20, 2010 7:27am Jul 20, 2010 7:27am
Quoting aserbfx
is this a 4 or 5 digit broker?
mine, is 5 and it was a long candle.
5 digit - it's Oanda
  • #3,078
  • Jul 20, 2010 7:29am Jul 20, 2010 7:29am
Quoting lovejoy80
Technically I suppose it was...I was looking for some real momentum as that's what the method is based on...the big players taking price fast in one direction away from entry.

You'll notice that's what happened yesterday at London open but at NY open there was no high momentum (price has been ranging for the previous hour and was near 1.300 too).

For me it's about the 1st bar with momentum which sets the initial direction i.e. the 1st few 5sec bars...we had Goldman after 1 minute which took it back down.

Just my take on it
Fair enough!

Perhaps people wouldn't mind just noting if they have differed from Tony's rules when announcing trades! Otherwise I start getting worried that I'm going

Cheers!
  • #3,079
  • Jul 20, 2010 7:31am Jul 20, 2010 7:31am
Quoting Tony112
yes, initial direction was sell but it was less than 1 pip... it quickly reversed into buy
So you do actually re-enter then if you've changed your directional bias?

If Oanda allowed hedging then we could just place a buy and sell at the start of each session; would be much easier but alas they don't!
  • #3,080
  • Jul 20, 2010 7:46am Jul 20, 2010 7:46am
Quoting DanUK
Fair enough!

Perhaps people wouldn't mind just noting if they have differed from Tony's rules when announcing trades! Otherwise I start getting worried that I'm going

Cheers!
Will do...I actually didn't see the 1st bar...so the bar I bought it on was what I thought was the 1st bar. Doh!
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