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Attachments: NY 5pm Fibs
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NY 5pm Fibs

  • #21
  • Oct 8, 2010 11:01am Oct 8, 2010 11:01am
Here is Friday...today. So definitely would need some automation to catch the trades. I presume you wouldn't trade Friday PM.

Cheers
CanuckCT

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-10-08_1459.png Size: 39 KB
  • #22
  • Oct 8, 2010 11:03am Oct 8, 2010 11:03am
I'll have a look at that...have to run for now. have a great weekend.
Cheers
CanuckCT


Quoting BarneyDog
After looking at your chart, what about:

Entry at 61.8, SL at 0, TP = move SL to 61.8 when 78.6 is hit, then move SL to 78.6 when 88.2 is hit, then move SL to 88.2 when 78.6 is hit, then move SL to 100 when 88.6 is hit, then move SL to 100 when 111.8 is it.
  • #23
  • Oct 8, 2010 11:07am Oct 8, 2010 11:07am
Quoting CanuckCT
Here would be the trades for the first four days of the week...I'll post Friday in a minute. Blue is either a winning or BE trade. Orange a loser...I have one marked in wrong color.

Attachment
Another thought would be to Enter at 78.6, move SL up when you hit each additional fib as previously described.
  • #24
  • Edited 11:26am Oct 8, 2010 11:09am | Edited 11:26am
Quoting CanuckCT
Here is Friday...today. So definitely would need some automation to catch the trades. I presume you wouldn't trade Friday PM.

Cheers
CanuckCT

Attachment
Agree that automation would be necessary based on "progression" discussed over the previous couple of posts.

Also, for other's reading this, CCT mentions OD Pivots+Fibs, here's a link to that thread:
http://www.forexfactory.com/showthread.php?t=258762
  • #25
  • Oct 8, 2010 11:16am Oct 8, 2010 11:16am
One of the ideas that squalou has is to create a master EA that handles instructions based on an indicator for the Old DOg thread. I have seen this before and works well. If we go that route, an indicator to draw these fibs, whatever they are, and have it feed that EA is a natural extension of that work. I really have to shut down for weekend now.
Cheers
CanuckCT
Quoting BarneyDog
Agree that automation would be necessary based on "progression" discussed over the previous couple of posts.
  • #26
  • Oct 8, 2010 11:27am Oct 8, 2010 11:27am
Quoting CanuckCT
One of the ideas that squalou has is to create a master EA that handles instructions based on an indicator for the Old DOg thread. I have seen this before and works well. If we go that route, an indicator to draw these fibs, whatever they are, and have it feed that EA is a natural extension of that work. I really have to shut down for weekend now.
Cheers
CanuckCT
Agreed
  • #27
  • Edited 2:58pm Oct 8, 2010 11:31am | Edited 2:58pm
Quoting CanuckCT
Here would be the trades for the first four days of the week...I'll post Friday in a minute. Blue is either a winning or BE trade. Orange a loser...I have one marked in wrong color.

Attachment
FYI for others:

Please note in the Attachment 558124 that the 2nd box on Thurs should be Blue or a winning trade for what CTT is explaining.

Also, note how Risk is being managed by moving the SL, first to BE at 23.6 from 0 (OD_Pivot), and then up to each successive fib when buying.
Also, note how Risk is being managed by moving the SL, first to BE at 23.6 from 0 (OD_Pivot), and then down to each successive fib when selling.
  • #28
  • Oct 8, 2010 2:57pm Oct 8, 2010 2:57pm
Based on Friday's close:
Attached Image (click to enlarge)
Click to Enlarge Name: 7.10.2010 ny close 853 am edt.gif Size: 41 KB
  • #29
  • Oct 11, 2010 11:04am Oct 11, 2010 11:04am
Quoting BarneyDog
Based on Friday's close:
I should not have posted the previous picture, because all the other pictures were based on the 5pm EDT candle and not the 4pm EDT candle, especially on a Friday.

The picture I should have posted is below, and is based on the 5pm EDT candle based on the demo broker PFG Best.

Also, note that a Red Sell Entry took place at red 76.4% and took profit at red 150.0%.

Also, note that PA bounced off the Weekly Pivot.

Running total: W=1 L=2
Attached Image (click to enlarge)
Click to Enlarge Name: ny close.gif Size: 29 KB
  • #30
  • Edited 6:42pm Oct 11, 2010 1:34pm | Edited 6:42pm
After reviewing the 3 trades, I'm wondering if a Red or Blue Entry at 50% with a TP at Red or Blue 100% with a SL at Red or Blue 0 would work.

W would = 4 and L would = 1
  • #31
  • Oct 11, 2010 2:51pm Oct 11, 2010 2:51pm
Here's the view from the Monday 5pm Candle. Fibs starting at the Open (Blue and Red). The Black is just a different way of fibbing.
Attached Image (click to enlarge)
Click to Enlarge Name: ny close.gif Size: 34 KB
  • #32
  • Oct 11, 2010 3:05pm Oct 11, 2010 3:05pm
One small winner using old dog pivot, enter at 23, move to BE at 38, movew to 38 when hits 50.
Cheers
CanuckCT
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-10-11_1903.png Size: 34 KB
  • #33
  • Oct 11, 2010 3:12pm Oct 11, 2010 3:12pm
Thxs CCT. Why wouldn't you take the buy at 23.6 earlier (by the green line)?
  • #34
  • Oct 11, 2010 6:06pm Oct 11, 2010 6:06pm
You are correct.....and I missed that. Only trade for me today was gap trade early on. Will do a weekly review of the 23 break with old dog pivot.

Thanksgiving here in Canada.
Cheers
CanuckCT

Quoting BarneyDog
Thxs CCT. Why wouldn't you take the buy at 23.6 earlier (by the green line)?
  • #35
  • Oct 11, 2010 6:19pm Oct 11, 2010 6:19pm
Quoting CanuckCT
You are correct.....and I missed that. Only trade for me today was gap trade early on. Will do a weekly review of the 23 break with old dog pivot.

Thanksgiving here in Canada.
Cheers
CanuckCT
Happy Turkey Day.
Looking forward to the review.
  • #36
  • Oct 12, 2010 1:30pm Oct 12, 2010 1:30pm
Hi Barney...was curious which fib indicator you were using? TIA
  • #37
  • Oct 12, 2010 2:43pm Oct 12, 2010 2:43pm
Quoting BarneyDog
Here's the view from the Monday 5pm Candle. Fibs starting at the Open (Blue and Red). The Black is just a different way of fibbing.
Here's the result:

Sell at the Red 76.4 with a SL at the Red 23.6 for a loss.
Buy at the Blue 76.4 and the trade is open

Running Total: W=1 L=3 O=1

Sell at the Red 50 with TP at the Red 100 for a win.
Sell at the Red 50, after touching the 0 again, and a SL at 0.
Buy at the Blue 50, and the trade is open

Running Total: W=5 L=2 O=1
Attached Image (click to enlarge)
Click to Enlarge Name: ny close.gif Size: 35 KB
  • #38
  • Oct 12, 2010 2:56pm Oct 12, 2010 2:56pm
Quoting ranger_lp
Hi Barney...was curious which fib indicator you were using? TIA
Ranger,

Modifying the Fib Tool that comes in MT4:

Added other fibs that have shown PA (Price Action) as S/R (Support/Resistance) and S/D (Supply/Demand).

Blue Fib and Red Fib are the same Fib, just flip flopped with a color change.

Black Fib is the same Fib as the Blue Fib +/- a couple of fib lines (removed 76.4 and 23.6, replaced with 75 and 25) (Added 131, -31, 120, -20).
Why did I modify the Black Fib?
To line up with the Blue and Red Fib, just in case I get tired of pulling a Blue Fib and a Red Fib. ((An expirment within an expirment.))

Does that answer your question?

BD
  • #39
  • Oct 12, 2010 3:14pm Oct 12, 2010 3:14pm
:
Attached Image (click to enlarge)
Click to Enlarge Name: ny close.gif Size: 34 KB
  • #40
  • Oct 12, 2010 6:53pm Oct 12, 2010 6:53pm
BE = 50, TP = 100 SL=0
W=6 L=1 O=0
(And yes, I'm tracking 2 experiments regarding Entry, TP, and SL)
Attached Image (click to enlarge)
Click to Enlarge Name: ny close.gif Size: 34 KB
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