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Old Dog Fib Trading - EURUSD

  • #141
  • Oct 5, 2010 9:34am Oct 5, 2010 9:34am
Who the heck buying EUR like GOLD? Those PPL are nuts.

Nobody want it at 1.18 and now everyone wants it at 1.38 of course.

Looks like it's pushing higher still.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #142
  • Oct 5, 2010 9:42am Oct 5, 2010 9:42am
Quoting SkyzerFX
Who the heck buying EUR like GOLD? Those PPL are nuts.

Nobody want it at 1.18 and now everyone wants it at 1.38 of course.

Looks like it's pushing higher still.
I just went from long to short (on the shooting star last hour.... major resistance, etc) and now back to long!
  • #143
  • Oct 5, 2010 9:45am Oct 5, 2010 9:45am
Old Dog target for breakout almost met.

Edit - met now - was a 46 pip trade for anyone who took it.

Cheers
CanuckCT
  • #144
  • Oct 5, 2010 9:45am Oct 5, 2010 9:45am
Quoting bigtent
I just went from long to short (on the shooting star last hour.... major resistance, etc) and now back to long!
Yeah man, this thing going over $1.39

USDCHF 0.9670, cannot figure out how possibly Junk Swiss Frank

could be valued higher than $USD? Swiss got 5 Franks coin in circulation,

cause it worth nothing over there. Absurd.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #145
  • Oct 5, 2010 9:52am Oct 5, 2010 9:52am
Quoting SkyzerFX
Yeah man, this thing going over $1.39

USDCHF 0.9670, cannot figure out how possibly Junk Swiss Frank

could be valued higher than $USD? Swiss got 5 Franks coin in circulation,

cause it worth nothing over there. Absurd.
Cable just broke 5920 as well (I'm long Eu, cable and Aussie)
  • #146
  • Oct 5, 2010 9:53am Oct 5, 2010 9:53am
Summary of Old Dog Breakout Trades for today...Two longs if trading with sentiment for 33 and 46 pips. A sell breakout was against the sentiment and would have been a loser.

I think very much worth automating this. Will open the EA development thread.

Cheers
CanuckCT


Quoting CanuckCT
Old Dog target for breakout almost met.

Edit - met now - was a 46 pip trade for anyone who took it.

Cheers
CanuckCT
  • #147
  • Oct 5, 2010 9:57am Oct 5, 2010 9:57am
Quoting CanuckCT
I think very much worth automating this. Will open the EA development thread.

Cheers
CanuckCT
Now we are talking!
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #148
  • Edited 10:01am Oct 5, 2010 9:58am | Edited 10:01am
Appreciate the thread. However for those of us unfamiliar with the other thread (and it appears a highly tempermental one at that) it would really be a massive help if you could state some basics about how to use this indi i.e. what lines are what, green area's, pink areas......

Regards

GT
Edit: P.S. I should add, I'm not trying to be lazy about this, I have read this thread and trying the other one but its not the easiest to figure out whats going on.
  • #149
  • Oct 5, 2010 10:14am Oct 5, 2010 10:14am
Quoting CanuckCT
Summary of Old Dog Breakout Trades for today...Two longs if trading with sentiment for 33 and 46 pips. A sell breakout was against the sentiment and would have been a loser.

I think very much worth automating this. Will open the EA development thread.

Cheers
CanuckCT
Count me in!
  • #150
  • Oct 5, 2010 10:24am Oct 5, 2010 10:24am
New thread for EA

http://www.forexfactory.com/showthre...63#post4073863
  • #151
  • Oct 5, 2010 12:06pm Oct 5, 2010 12:06pm
Hi Squalou,
Given that the base level is now a calculation, I was surprised that it only works with EU and GU. Should it work with other pairs?
Cheers
CanuckCT
  • #152
  • Oct 5, 2010 12:22pm Oct 5, 2010 12:22pm
Hi All
First thanks to everybody here trying to make a easy understanding system.

But can I ask some few Quistion about it, or is it too early.

I dont want to get banned from here

So let me ask first then ask

thanks

Fratelli
  • #153
  • Oct 5, 2010 12:30pm Oct 5, 2010 12:30pm
First of all thanks to you and Squalou and of course Old dog.

Its nice to see you have control of the thread, I was a follower of the other one but it seems to have turned to chaos and lost direction.

i would reiterate what glyntt said earlier if possible it could be quite beneficial to have some basics behind the whole idea and where we should be looking to trade e.g today like you mentioned out of the breakout trades we had 1 loser and 2 successful.

I dont want to sidetrack the thread in anyway but hopefully when we are all on the same page and fully understand what we're looking for the price to do next we can all move forward together and thread will move from a development stage.

Once again thanks guys, I look forward to the coming weeks.

Regards

Rump.
  • #154
  • Oct 5, 2010 12:51pm Oct 5, 2010 12:51pm
This may be dumb question. When it says BO does it mean buy to open. If so the arrow pointing down also shows BO.
Do we put Buy stop at the price indicated on the indicator
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  • #155
  • Oct 5, 2010 12:59pm Oct 5, 2010 12:59pm
I have not had to ban anyone yet - the rules here, as per the first post are: Any introduction of other indicators that do not relate directly to the purest form of this trading approach will get you banned from posting on this thread. Any disrespectful commentary will get you banned from this thread. Generally being an ass and not making a positive contribution to the thread will get you banned.

There was one post that seems a little off topic, and it was removed by the poster....we just want to be civil is all!

Ask away!

Cheers
CanuckCT

Quoting fratelli
Hi All
First thanks to everybody here trying to make a easy understanding system.

But can I ask some few Quistion about it, or is it too early.

I dont want to get banned from here

So let me ask first then ask

thanks

Fratelli
  • #156
  • Oct 5, 2010 1:01pm Oct 5, 2010 1:01pm
BO1 = Break Out1, BO2 = Break Out 2

Quoting ES Trader
This may be dumb question. When it says BO does it mean buy to open. If so the arrow pointing down also shows BO.
Do we put Buy stop at the price indicated on the indicator
  • #157
  • Oct 5, 2010 1:04pm Oct 5, 2010 1:04pm
Quoting CanuckCT
BO1 = Break Out1, BO2 = Break Out 2
Thanks. Dumb me should have known. But if I had taken break out short at 3649 I would have lost. Am I right?
  • #158
  • Oct 5, 2010 1:15pm Oct 5, 2010 1:15pm
Hi All

Here some quistion I have

1. In old ABO thread there was a rule about entry at BO level + 7pips
Do we do the same here.?

2. Do we always trade direction on the sentiment. If so yesterday we miss
2 great trades, but today we saved from a loosing one.

3. Where do we place SL

4. Do we only take trades in the green and red boxes, or is it ok to take trades if price close above a blue pivot line.?

5. Do we also use old rule about if price go above 38.2 fib it will go to next phase line.?


Hope some off this make sence.

thanks

fratelli


ps. maybee I find more Quistins later, if so pardon me
  • #159
  • Oct 5, 2010 1:21pm Oct 5, 2010 1:21pm
Quoting ES Trader
Thanks. Dumb me should have known. But if I had taken break out short at 3649 I would have lost. Am I right?

Yes, but some common sence made you not to take this trade.

1. Up trend
2. Sentiment above pivot
3. Asia session


I have yet to see fail any signal from this indie if i trade in the direction of the 4h trend.
  • #160
  • Oct 5, 2010 1:25pm Oct 5, 2010 1:25pm
Quoting judokamak
Yes, but some common sence made you not to take this trade.

1. Up trend
2. Sentiment above pivot
3. Asia session


I have yet to see fail any signal from this indie if i trade in the direction of the 4h trend.
Above Pivot. Check it out again
Pivot 3694
Breakout to sell 3656
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