NY 5pm Fibs | Page 8 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Sunday gap trading: brokers opening at 5pm EST Sunday? 10 replies

after the time shifting in North america, the day starting time should be 5PM EST? 8 replies

Looking for PIVOTS indicator based on Us Eastern 5pm close 0 replies

Fibs, fibs, fibs 3 replies

"5PM EST" Pivot Point Indicator? > Levels 1 reply

Attachments: NY 5pm Fibs
Exit Attachments

NY 5pm Fibs

  • #141
  • Edited 3:28pm Oct 23, 2010 2:42pm | Edited 3:28pm
Buy and Sell loss

Net of week ... 2 wins

A1= Blue and Red Fib
A2= Indicator
A3= Buy Recovery after Buy SL: meaning let's sell
A4= Sell Recovery after Sell SL: meaning let's buy

Interesting that Friday provided the perfect day to demonstrate the concept of Recovery.

A3 and A4 are trades recovering from the losses in A1 and A2.

A2 Buy = loss, A3 = recovery
A2 Sell = loss, A4 = recovery
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ny 1.gif Size: 30 KB
Click to Enlarge Name: ny 2.gif Size: 31 KB
Click to Enlarge Name: ny 3.gif Size: 27 KB
Click to Enlarge Name: ny 4.gif Size: 27 KB
  • #142
  • Edited 3:29pm Oct 23, 2010 2:47pm | Edited 3:29pm
In the previous post, the last two attachments show the idea of Recovery based on this thread.

Attachment 3:
The Buy turned into a loss, so let's go with the flow and sell.
SE = 0 STP = 50 SSL= "Buy Entry 50" or Sell -50 (Indicator Input SSL= -.5)

Attachment 4:
The Sell turned into a loss, so let's go with the flow and buy.
BE = 0 BTP = 50 BSL = "Sell Entry 50" or Buy -50 (Indicator Input BSL= -.5)
  • #143
  • Oct 23, 2010 3:31pm Oct 23, 2010 3:31pm
Quoting rumpfunk
Hi guys,

Great work your doing here,

One concern is using the range of ATR/2 on days when it is ranging there will be quite a few SL hit e.g if you look at some days at the end of Sept, do we just accept that these losses will occur.

I guess if we had an EA it would provide better backtest results.

Regards

Rump.
Rump,

The Recovery idea may handle ranging days ..... ?

Also, just reread your question .... How would you determine a range day ahead of time? ;-)

BD
  • #144
  • Edited 5:41pm Oct 24, 2010 5:24pm | Edited 5:41pm
A1 = Indicator
A2 = Buy Recovery if Buy SL is hit
A3 = Sell Recovery if Sell SL is hit
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ny d 1.gif Size: 25 KB
Click to Enlarge Name: ny d 2.gif Size: 26 KB
Click to Enlarge Name: ny d 3.gif Size: 26 KB
  • #145
  • Edited 5:29pm Oct 25, 2010 8:12am | Edited 5:29pm
Buy took profit, no need for recovery trade
Attached Image (click to enlarge)
Click to Enlarge Name: ny d 1.gif Size: 27 KB
  • #146
  • Oct 25, 2010 8:43am Oct 25, 2010 8:43am
Quoting BarneyDog
Buy took profit, no need for recovery trade

mine sell entry triggered and went back up to hit sl then took the buy but hit TP...why is my own template showing sell at a different price?
Attached Image (click to enlarge)
Click to Enlarge Name: barney2.jpg Size: 104 KB
The World As It Is Can Do With Your Positive Disposition
  • #147
  • Edited 5:31pm Oct 25, 2010 5:19pm | Edited 5:31pm
Quoting liberty71
mine sell entry triggered and went back up to hit sl then took the buy but hit TP...why is my own template showing sell at a different price?
Lib,

The indicator you are using is defaulting to a SL at .059 % ....
Due to the lable issue, Open and SLs at 0, where the lables overlap, I just put the BSL and SSL at 9.0 and use the 0 as a stop loss.
So, change the SLs to 9.0 so they don't display on the screen, and use the Open as the Stop Loss.
I also tweaked the indicator to show "Open and SL".

I can't tell what the indicator is defaulting to as the Sell or Buy entry....let me know.

Let me know if that doesn't make sense.

BD
  • #148
  • Edited 8:51pm Oct 25, 2010 5:27pm | Edited 8:51pm
A1 = E @ 50, TP @ 100, SL @ 0
A2 = Buy Recovery, Sell when BSL is hit
A3 = Sell Recovery, Buy when SSL is hit
(Original A3 was incorrect. Replaced with correct Recovery BE, Recovery BTP, and Recover BSL)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ny d 1.gif Size: 31 KB
Click to Enlarge Name: ny d 2.gif Size: 30 KB
Click to Enlarge Name: ny d 4.gif Size: 30 KB
  • #149
  • Oct 25, 2010 7:31pm Oct 25, 2010 7:31pm
Thanks to FTI ....

See this document

http://www.ny.frb.org/education/addpub/usfxm/
also wiki about "Bretton Woods Agreement"


See this thread:
http://www.forexfactory.com/showthread.php?t=57639
  • #150
  • Oct 25, 2010 8:46pm Oct 25, 2010 8:46pm
SE loss: SE @ 50, STP @ 100, SSL @ 0

Sell Loss Recover: BE @ 0, BTP @ 50, BSL @ Sell 50

A1: Show Sell Loss Recovery starting (will it TP, or will it SL?)
Attached Image (click to enlarge)
Click to Enlarge Name: ny d 4.gif Size: 30 KB
  • #151
  • Oct 26, 2010 6:56am Oct 26, 2010 6:56am
Sell Recovery Trade which is a Buy failed and hit the SL

Sell Trade has been triggered.

A1: Sell Recovery Trade loss
A2: Sell Trade triggered again
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ny d 4.gif Size: 32 KB
Click to Enlarge Name: ny d 1.gif Size: 28 KB
  • #152
  • Oct 26, 2010 7:08pm Oct 26, 2010 7:08pm
So, the Sell Recovery Entry turned into a loss.

The 1st Sell Entry as a loss and the Sell Recovery Entry was a loss.

The 2nd Sell Entry took profit.
  • #153
  • Oct 26, 2010 7:35pm Oct 26, 2010 7:35pm
A1 = Indicator = E @50, TP @100, SL @0
A2 = Buy Recovery if BSL is hit
A3 = Sell Recovery if SSL is hit
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ny d 1.gif Size: 27 KB
Click to Enlarge Name: ny d 2.gif Size: 27 KB
Click to Enlarge Name: ny d 3.gif Size: 27 KB
  • #154
  • Oct 27, 2010 7:18am Oct 27, 2010 7:18am
Sell Entry took profit
No need for recovery trade
Attached Image (click to enlarge)
Click to Enlarge Name: ny d 1.gif Size: 27 KB
  • #155
  • Oct 27, 2010 8:32pm Oct 27, 2010 8:32pm
Attached Image (click to enlarge)
Click to Enlarge Name: ny d 1.gif Size: 26 KB
  • #156
  • Oct 27, 2010 9:28pm Oct 27, 2010 9:28pm
Quoting BarneyDog
CanuckCT,

Please test indicator.

Picture is Shifted +10

BD

Great indy .... it helps a lot in decision-making...

Thanks.

Cheers !
  • #157
  • Oct 28, 2010 5:45am Oct 28, 2010 5:45am
Quoting Syahmi
Great indy .... it helps a lot in decision-making...

Thanks.

Cheers !
It certainly beats having to pull the fibs.
Thanks again CanuckCT.
  • #158
  • Oct 28, 2010 5:46am Oct 28, 2010 5:46am
Attached Image (click to enlarge)
Click to Enlarge Name: ny d 1.gif Size: 27 KB
  • #159
  • Oct 28, 2010 5:45pm Oct 28, 2010 5:45pm
Attached Image
  • #160
  • Oct 29, 2010 7:25am Oct 29, 2010 7:25am
A1:
Attached Image
0 traders viewing now