Old Dog Fib Trading - EURUSD | Page 16 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Old Dog with New Tricks 1,056 replies

Old Dog's Taming of the Beast? 34 replies

The Big Dog Trading Secret 272 replies

Old Dog Fib Trading - EA Development 18 replies

Trading The Big Dog Pack ..howllll 26 replies

Attachments: Old Dog Fib Trading - EURUSD
Exit Attachments

Old Dog Fib Trading - EURUSD

  • #301
  • Oct 13, 2010 6:22pm Oct 13, 2010 6:22pm
When I see this I wait for price to come back to pivot.
Cheers
CanuckCT

Quoting BJ1
For anyone who is using Squalou's indicator for trading the breakouts at NY close, I have the close at 1.3961 but Breakout 1 to go long (green box) is at 1.3945 resulting in price being above the BO1 at the start of the new day. Does anyone else have the same?
  • #302
  • Oct 13, 2010 6:55pm Oct 13, 2010 6:55pm
Quoting Old_Dog
Guys

...and so it goes on.

Pip-perfect trading!!

Regards

Old Dog

PS. These are real-time updates!! How many other systems put their money where their mouth is like this?
OD,

Like the lines.
Attached Image (click to enlarge)
Click to Enlarge Name: odweeklyfib.gif Size: 26 KB
  • #303
  • Oct 14, 2010 5:04am Oct 14, 2010 5:04am
Quoting BarneyDog
OD,

Like the lines.
Well done, BarneyDog!! I can see you are really cracking the essence of this system! Everyone - take a look at Barney's chart. You will learn a lot.

As CanuckCT will verify, the "higher" levels I sent him on Sunday were 1.4000 (weekly open) and 1.4110 (predicted from Fudo's WR5 and adjusted slightly for historical PA).

EU behaved itself flawlessly. Also GBPUSD is well behaved.

I am up just over 11% this week, so a very happy puppy!!

Regards

Old Dog
Attached Image (click to enlarge)
Click to Enlarge Name: Oct-14-EUa.JPG Size: 51 KB
Attached Image
  • #304
  • Oct 14, 2010 7:06am Oct 14, 2010 7:06am
Quoting BarneyDog
OD,

Like the lines.
Thanks Barney,

Ive had a few questions based on these Fib strategies but that one chart answers a lot of them.

Regards.
  • #305
  • Oct 14, 2010 7:21am Oct 14, 2010 7:21am
Quoting Old_Dog
Well done, BarneyDog!! I can see you are really cracking the essence of this system! Everyone - take a look at Barney's chart. You will learn a lot.

As CanuckCT will verify, the "higher" levels I sent him on Sunday were 1.4000 (weekly open) and 1.4110 (predicted from Fudo's WR5 and adjusted slightly for historical PA).

EU behaved itself flawlessly. Also GBPUSD is well behaved.

I am up just over 11% this week, so a very happy puppy!!

Regards

Old Dog
Mr OD,

Spot on. Now I need to go back and follow how you and Fudo trade the lines.

Just a note for others .... 1.4110 (predicted from Fudo's WR5 and adjusted slightly for historical PA) .... ties in with with 123.6 on the attachment below.

BD
Attached Image (click to enlarge)
Click to Enlarge Name: odweeklyfib.gif Size: 21 KB
  • #306
  • Oct 14, 2010 7:26am Oct 14, 2010 7:26am
Quoting rumpfunk
Thanks Barney,

Ive had a few questions based on these Fib strategies but that one chart answers a lot of them.

Regards.
You are very welcome. Hopefully it was the Week response that helped. and and

And OD's comments.
  • #307
  • Oct 14, 2010 10:19am Oct 14, 2010 10:19am
Quoting BarneyDog
Mr OD,

Spot on. Now I need to go back and follow how you and Fudo trade the lines.

Just a note for others .... 1.4110 (predicted from Fudo's WR5 and adjusted slightly for historical PA) .... ties in with with 123.6 on the attachment below.

BD
I think it may be a nice drill to use your fib layout to try set targets:

how about 1.42600 ?
  • #308
  • Oct 14, 2010 10:34am Oct 14, 2010 10:34am
Quoting Fun Demental
I think it may be a nice drill to use your fib layout to try set targets:

how about 1.42600 ?

The U.S. dollar weakened further against its major currency counterparts, with the EUR/USD rallying to a high of 1.4121 on Thursday, and the bearish momentum behind the greenback may carry into the end of the week as investors expect the Fed to expand monetary policy further. As EUR/USD breaks out of the narrow range from earlier this week, we are likely to see the pair continue to retrace the decline from earlier this year, and euro-dollar looks poised to make a run at 1.4440-50, the 78.6% Fibonacci retracement from the 2009 high to the 2010 low, as price action holds steadily above the 61.8% Fib around 1.3890-1.3900. With the 50-Day moving average (1.3158) approaching the 200-Day SMA at 1.3165, the bullish crossover suggests that the exchange rate will continue to push higher throughout the month, but there could be a corrective retracement in the coming days as the recent rally remains overbought. Given the strong bearish sentiment underlying the greenback, we would need the RSI to fall back below 70 to see a pullback in the exchange rate, and the rally may carry into the following week as the index bounces back to 78.

Read more at: Forex @ DailyFX - Forex: Bearish U.S. Dollar Sentiment Gathers Pace, Euro Breaks Narrow Range http://www.dailyfx.com/forex/fundame...#ixzz12LcbYLZ7

  • #309
  • Edited 12:15pm Oct 14, 2010 11:45am | Edited 12:15pm
Message to Squalou,

The sentiment calculation in your indicator always shows higher than the pivot. I believe guru's indicator does show negative sentiment at times. Can you check the calculation to see that it is correct? And if it is, perhaps guru could comment on how he is calculating sentiment.

I've updated the stats for the breakout trades from Oct 1 to today. I have made no provision for moving to BE. It's either a winner or a loser.

Cheers
CanuckCT

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-10-14_1343.png Size: 52 KB
  • #310
  • Oct 15, 2010 8:03am Oct 15, 2010 8:03am
This mornings breakouts.....no matter what your setup...if you are playing breakouts, you should have caught some of this.
Cheers
CanuckCT
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-10-15_1000.jpg Size: 218 KB
  • #311
  • Oct 16, 2010 10:49am Oct 16, 2010 10:49am
Hi to everyone on this thread and thanks to CanuckCT for allowing me to take part.
I will be interested to try out the Old Dogs indicator when finished, it will enable me to compare my Dynamic levels with the very accurate lines I have seen occurring on every chart.
If it pans out as I hope and I am permitted to post a graphic of my method, it may be that others may derive additional insights. l know that I have already learnt so much just from reading this thread.

Regards to all.

Allon
  • #312
  • Oct 16, 2010 11:01am Oct 16, 2010 11:01am
I'm pretty close on this.....sometime this weekend or early next week. The way this thread is evolving is this....there is a mechanical approach using the squalou and guru indicators to identify entry point from a pivot level using Old Dog's calculation. The second approach will require some more finesse....you will need to decide which levels are important and which are not. I expect this week to have a full discussion about the process.

Cheers
CanuckCT

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-10-16_1255.png Size: 50 KB
  • #313
  • Oct 16, 2010 2:16pm Oct 16, 2010 2:16pm
Old Dog Pivots...and template for FXPro. There is an hourly offset....you'll have to figure it out for your broker.

Explanations on what to do with this to follow.

Cheers
CanuckCT
Attached File(s)
File Type: zip indicators.zip   90 KB | 858 downloads
  • #314
  • Oct 17, 2010 9:54am Oct 17, 2010 9:54am
Great job Canuck, old dog, coders...!


The pivots are very similar (same?) as Fudomyo`s . I like the yearly pivots feature, perfect for long term trading.
  • #315
  • Oct 17, 2010 12:16pm Oct 17, 2010 12:16pm
Great job you guys are doing here, OD, Canuct, Squalou, Guru et all.
Thanks for sharing and helping out.

OD
I'm looking forward to your insights of how you look on the lines and trade off of them

Cheers,
fun_demental
  • #316
  • Oct 17, 2010 8:48pm Oct 17, 2010 8:48pm
Not entirely happy with the old dog pivots....don't like waiting for markets to open to draw the levels. That fix is in the works.
Cheers
CanuckCT
  • #317
  • Oct 17, 2010 8:50pm Oct 17, 2010 8:50pm
coincidentally...almost the same as fudo....using the same calculations except for a couple of levels....and they will only be out a few pips.
Cheers
CanuckCT

Quoting judokamak
Great job Canuck, old dog, coders...!


The pivots are very similar (same?) as Fudomyo`s . I like the yearly pivots feature, perfect for long term trading.
  • #318
  • Oct 17, 2010 9:40pm Oct 17, 2010 9:40pm
Quoting CanuckCT
Not entirely happy with the old dog pivots....don't like waiting for markets to open to draw the levels. That fix is in the works.
Cheers
CanuckCT
...instruction coming? .... hmmmmmmmmmm
  • #319
  • Oct 17, 2010 11:39pm Oct 17, 2010 11:39pm
Quoting CanuckCT
coincidentally...almost the same as fudo....using the same calculations except for a couple of levels....and they will only be out a few pips.
Cheers
CanuckCT
I wanted to add one thought, the template and indicators I posted on my thread gives the W/M levels for the FZ pivots, so it comes down to personal preference which style of look back people prefer. (the Shorelines uses historical levels for each rollover versus a straight line on the chart)

For anyone who is using this version, I wanted to share this Daily version that only has the Daily Pivot and the 50-61 zone. (I find these to be the most useful Daily levels).

The Current Weekly EU FZ pivot point level is 13976 and the Monthly EU FZ pivot point level is 13630. It's a good idea to check your pivot point after you set up your chart to make sure the FZ levels are set properly.

Cheers
Attached File(s)
File Type: ex4 Shore LinesD 1.ex4   10 KB | 642 downloads
  • #320
  • Oct 18, 2010 1:07am Oct 18, 2010 1:07am
Quoting Fudomyo
I wanted to add one thought, the template and indicators I posted on my thread gives the W/M levels for the FZ pivots, so it comes down to personal preference which style of look back people prefer. (the Shorelines uses historical levels for each rollover versus a straight line on the chart)

For anyone who is using this version, I wanted to share this Daily version that only has the Daily Pivot and the 50-61 zone. (I find these to be the most useful Daily levels).

The Current Weekly EU FZ pivot point level is 13976 and the Monthly EU FZ pivot...

Thanks to both of you... I appreciate it a lot...
0 traders viewing now