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  • #1,741
  • Aug 31, 2010 12:31am Aug 31, 2010 12:31am
Quoting abailey
Any one still following the eurjpy long analysis? I have been stopped out of two positions long positions so far using the 4hr TF. That's the nature of the beast.

happy piping

AB
My last long trade was at 107.16 around 50% FIB on weekly at a loss. SL hit at 106.90. Next possible long entry targets (based on my anticipation) at around 106.50, 106.90, 106.'00' and finally at 105.44 before I declare failure on my hindsight for this week. Although not part of my weekend plan (sorry Graeme!), I have decided to allocate a max of 2% of my a/c balance to this hindsight pair i.e. $1000 on my $50K demo account. I am currently down -$350 since Sunday which leaves me with $650 for 4 more FB attempts. I will attempt to spawn my remaining 4 soldiers only if I see a long trend at 4H or 1H and if I am at my desk to tackle 5M FB.... otherwise I will 'space out' my entries into next week after NFP. I will go short next week if this week closes below last week's wick which would also mean accepting hindsight failure.

Graeme - I am wondering if you have an opinion on putting such a 2% allocation towards 'stacking fee' for each weekly hindsight per pair. Not sure if we have discussed this aspect of risk management.

p.s. I plan to practice FB entries on other pairs as and when I can spare some time on this project.

Regards,

- Vee
Attached Image (click to enlarge)
Click to Enlarge Name: EUR.JPY 2010-08-30 upload1.jpg Size: 123 KB
Staying in my lane...
  • #1,742
  • Aug 31, 2010 12:47am Aug 31, 2010 12:47am
Hi all,

Wondering if anyone is using auto-fib indicator on MT4 that will just put a tiny line on the body of previous candle. This will help as a visual aid tool in our stacking strategy when price on current candle retraces to 50% level of previous candle.
Staying in my lane...
  • #1,743
  • Aug 31, 2010 12:52am Aug 31, 2010 12:52am
Quoting VEEFX
Hi all,

Wondering if anyone is using auto-fib indicator on MT4 that will just put a tiny line on the body of previous candle. This will help as a visual aid tool in our stacking strategy when price on current candle retraces to 50% level of previous candle.

VEEFX, do u have the indicator ?

Mind attach it here or a new thread.. thanks.


  • #1,744
  • Aug 31, 2010 12:55am Aug 31, 2010 12:55am
Quoting abailey
Any one still following the eurjpy long analysis? I have been stopped out of two positions long positions so far using the 4hr TF. That's the nature of the beast.

happy piping

AB
EURJPY is below the weekly open and the weekly candle has not yet reached a weekly ATR. Yesterday daily candle was red. No flying buddhas on the daily chart. So far today the daily candle is red. The last 4 H4 candles have been flying buddhas. Patience.
  • #1,745
  • Aug 31, 2010 12:57am Aug 31, 2010 12:57am
Quoting VEEFX
My last long trade was at 107.16 around 50% FIB on weekly at a loss. SL hit at 106.90. Next possible long entry targets (based on my anticipation) at around 106.50, 106.90, 106.'00' and finally at 105.44 before I declare failure on my hindsight for this week. Although not part of my weekend plan (sorry Graeme!), I have decided to allocate a max of 2% of my a/c balance to this hindsight pair i.e. $1000 on my $50K demo account. I am currently down -$350 since Sunday which leaves me with $650 for 4 more FB attempts. I will attempt to spawn my remaining...
Hello vee,
I too had the same hindsight as you long.
even though the trend was down i thought due to fb and long wick reverse candle. possible long but the trend has continued down.
However we have chose seperate paths i started london open with couple failed long.saw that shorts were surviving so kept em and added to them until i see hh,hl on chart, currently still adding .
As soon as weekly,daily,1 hour and 5 minute candles were all red i couldnt possibly go long my hindsight was proven wrong up to now .
I got 10 legs now.since yesterday morning this has moved 200 pips.
I learned not to be rigid with my initial entry but change with the flow.
did you say you were short live ?
making green pips large and red pips small this is my goal.
  • #1,746
  • Aug 31, 2010 1:10am Aug 31, 2010 1:10am
Quoting songbo
VEEFX, do u have the indicator ?

Mind attach it here or a new thread.. thanks.


sorry Songbo. I am looking to find such indicator. Google search returns a lot of hits but didn't like any of them so far that does not clutter my chart.
Staying in my lane...
  • #1,747
  • Aug 31, 2010 1:18am Aug 31, 2010 1:18am
Quoting paul1
Hello vee,
I too had the same hindsight as you long.
even though the trend was down i thought due to fb and long wick reverse candle. possible long but the trend has continued down.
However we have chose seperate paths i started london open with couple failed long.saw that shorts were surviving so kept em and added to them until i see hh,hl on chart, currently still adding .
As soon as...
Thats good trading Paul well done. I toyed with the idea of going against hindsight on the yen. This has also dropped nearly 200 pips. Decided to stick with my hindsight but I admire your flexible approach.
Cheers
Ben
  • #1,748
  • Edited Dec 16, 2011 12:22am Aug 31, 2010 1:28am | Edited Dec 16, 2011 12:22am
Quoting VEEFX
sorry Songbo. I am looking to find such indicator. Google search returns a lot of hits but didn't like any of them so far that does not clutter my chart.
Try this one. You can adjust the dots as you need.
  • #1,749
  • Aug 31, 2010 1:43am Aug 31, 2010 1:43am
Quoting paul1
Hello vee,
I too had the same hindsight as you long.
even though the trend was down i thought due to fb and long wick reverse candle. possible long but the trend has continued down.
However we have chose seperate paths i started london open with couple failed long.saw that shorts were surviving so kept em and added to them until i see hh,hl on chart, currently still adding .
As soon as...
Hi Paul,

My live account still has 4 legs short with 737 pips in profit and I was unable to stack more positions this week due to my RM/MM limitations. I limit my exposure to one pair and net exposure to a single currency up to a certain threshold.

If this was not an assignment, I would also change my hindsight and go short today. But I won't as the assignment instructions clearly states to follow the hindsight and only go in the direction of the trend/anticipation. Looks like you have changed your initial hindsight and I haven't (or couldn't ).

Some questions to ask yourself.... Would you change your hindsight again if price retraces back to weekly open? Would you start stacking up again? Do you anticipate a "W" shaped PA on 4H from 110-105.41-109.54-?-? . If you do anticipate, would you diversify towards the last upward move to complete the "W" shaped recovery?

Next 8-12 4H candles is going to reveal a lot about your hindsight/anticipation/market. Until then, I have chosen to stay on the sidelines :-
Staying in my lane...
  • #1,750
  • Aug 31, 2010 1:52am Aug 31, 2010 1:52am
Quoting mcornbill
Alpari per chance Trizzle? As I have the same option with them, well they have over a dozen leveraging options actually.
The very one, mcornbill I trust you have pleasant experiences with them..if it is not too personal, which leverage option would you prefer and why?

Hope this does not remove too much from the intended flow of the thread!

Kind Regards,
xXTrizzleXx
  • #1,751
  • Aug 31, 2010 2:07am Aug 31, 2010 2:07am
Quoting VEEFX
Hi Paul,

My live account still has 4 legs short with 737 pips in profit and I was unable to stack more positions this week due to my RM/MM limitations. I limit my exposure to one pair and net exposure to a single currency up to a certain threshold.

If this was not an assignment, I would also change my hindsight and go short today. But I won't as the assignment instructions clearly states to follow the hindsight and only go in the direction of the trend/anticipation. Looks like you have changed your initial hindsight and I haven't (or couldn't...
because the last week candle had no body wasnt a 100% bias either way.
Needed to see colour of this weeks candle but we had to have assignment in sunday before open i think.
Generally method for week :-
candle colours
1) weekly red strong bias down
2) daily red reinforced
3) hour red in the zone
4)5min looking for break of lows to enter. fb ,pin bars bonus reinforce
5) 1 min after entry monitor for early signs of reversal till entry is safe
Place stop hope for best lol.
6) repeat stacking on breaks low.
exit any recent entries that break recent high on 5 minute time frame (not candle).
Thats it really.
then just react as price dictates.
making green pips large and red pips small this is my goal.
  • #1,752
  • Aug 31, 2010 2:35am Aug 31, 2010 2:35am
Out of short now.
reverse candle on hour reverse 30 pips.
this account dont allow hedging.
so got see what price does now.
could have picked up longs at bottom if i could trade both ways and left some shorts on.
only way i can do that if there is a pair that reacts closely with e/j.
use one for long and one for short any suggestions anyone.
eur/usd i used gbp/usd.
this is first week with e/j.
any advice appreciated thanks guys.
if it makes hh/hl my hindsight might have been right .
making green pips large and red pips small this is my goal.
  • #1,753
  • Aug 31, 2010 3:27am Aug 31, 2010 3:27am
I don't know if this will help anyone.

I constraint taking trades during the hrs..

Tokyo Open - first 2 hrs.

EU Open - first 3 hrs (this will include first 2 hrs of London open)

NY Open - first 2 hrs (seldom take trades but an open window opp for me)

  • #1,754
  • Aug 31, 2010 3:29am Aug 31, 2010 3:29am
Yesterday I made a total of 5 trades...

1 BE
4 loss for a total of 59 pips loss

today these are my first 2 attempts...

1st at the break of resistence
2nd at the break of the 5M pinbar high

first trade with stop at BE...let's see
Attached Image (click to enlarge)
Click to Enlarge Name: ej_06-07.gif Size: 14 KB
Market is like a puzzle, YOU have to fit the pieces!!
  • #1,755
  • Aug 31, 2010 3:49am Aug 31, 2010 3:49am
Quoting Chris_B
Yesterday I made a total of 5 trades...

1 BE
4 loss for a total of 59 pips loss

today these are my first 2 attempts...

1st at the break of resistence
2nd at the break of the 5M pinbar high

first trade with stop at BE...let's see
if i were going long would be at around 106.75 break of close of candle highs on up leg.
I find sticking to hh,hl on the leg am on works for me. i might go long yet on this but this could be short covering from 200 pip downmove. I'll test water with real small entry.
seems be getting weak at mo buddy
making green pips large and red pips small this is my goal.
  • #1,756
  • Edited 4:27am Aug 31, 2010 3:58am | Edited 4:27am
If she drops short at 106.57
she made low at 106.81 get in short if she drop to there now.
she like fatty in cake shop, she cant decide which one.
making green pips large and red pips small this is my goal.
  • #1,757
  • Aug 31, 2010 4:27am Aug 31, 2010 4:27am
Quoting ozziedave
I know alot of people like to see systems back tested so for those people I did a visual back test of the EURUSD. Granted it wasn't run through some simulator but it will give you an idea of what you might expect.

Ok, I used the EURUSD weekly chart and I found every clear FB, the FB had to be clearly above or below the 5/10 EMAs. If above the EMA it was a short trade and below the EMAs it was a long trade. SL was the top of the FB for short trades and the bottom of the FB for long trades. Between 10/4/1998 and 1/4/2004 I counted 50 FBs on my MT4...

Dave was going through some of the old posts in the thread and came across ur backtest results. Great work on ur part.

I'd just like to ask you about the 20 FB no trades. I was under the impression as per Graeme's original FB rules we enter on the open of the next candle after the FB disregarding whether it takes out the high / low of the FB candle, so we enter every trade after spotting a FB. Sothere would be no trades not taken.

Could you tell me if I've understood the FB trades correctly or have you made any additional rules when u did the backtest?

thx
  • #1,758
  • Aug 31, 2010 4:38am Aug 31, 2010 4:38am
Is anyone using mbtrading.
Am struggling to stick to the rules.
when i add a short they average my whole trade so any positions i take off are taken from the average whole trade price i dont seem to be able exit individual specific trades.
making green pips large and red pips small this is my goal.
  • #1,759
  • Aug 31, 2010 5:14am Aug 31, 2010 5:14am
Quoting VEEFX
Hi all,

Wondering if anyone is using auto-fib indicator on MT4 that will just put a tiny line on the body of previous candle. This will help as a visual aid tool in our stacking strategy when price on current candle retraces to 50% level of previous candle.

Attached..
Attached File(s)
File Type: mq4 Prev-candle-50%.mq4   15 KB | 1,199 downloads
  • #1,760
  • Aug 31, 2010 6:20am Aug 31, 2010 6:20am
Hi guys,

I hope you are all doing fine.
I don't know if Graeme is around but I would like to ask a question about stalcking positions.

As I have red the thread once again, I am a bit confuse about the way to add positions after a flying buddha for example.

Do we have to start adding positions after evry 50 % fib of the previous candle? Because, if this is the way to do it, it will be possible to have 10-20 positions or more when a pair is trending, like the eur-jpy yesterday for example. This pair dropped 300 pips, so if I look at the chart, there is really a big amount of positions that we would have take.

Or do we have to add positions after a 50% fib previous whole move?

Thank you very much.
Mel
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