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Price/Time

  • #1
  • First Post: Apr 9, 2011 7:58pm Apr 9, 2011 7:58pm
I have worked on this a week and I think that my basket "broker" will cry at monday.
I am not going to write 100 a lines with bull s**t.
If you dont try it what is the point.
Here it is as simple as it can be.
I have made this for EUR/USD ONLY.

PRICE :


*.**07
*.**27
*.**47
*.**67
*.**87
*.**07

TIME :

09:00 GMT
15:00 GMT
21:00 GMT
00:00 GMT
03:00 GMT

At Prices 07,27,47,67,87 the market is at extremums.
At Times 09,15,21,00,03 the market is at extremums.
So At 09:00 if the price is 1.4127 go scalp the market in the oposite to the trend direction.
How to know the trend?!?!
There are many many good indicators that will show you that,but I like 1H 6 PERIOD SIMPLE MA MEDIAN PRICE.

TP: the target profit must be at the next *.***7 level
SL: the stop loss must be at the next *.***7 level

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  • #2
  • Apr 9, 2011 8:50pm Apr 9, 2011 8:50pm
SkyStriker,

Thanks for sharing...novel idea! Looks like a "fun" way to trade. As the R/R ratio is 1:1, what does the win% look like?

BC2
  • #3
  • Apr 9, 2011 9:05pm Apr 9, 2011 9:05pm
Personally, I do not get your assumptions. At 11:00 AM EST, (1500 GMT) the time is no more extreme than at Noon EST. And when price is at 1.44607 it is no more extreme than when it is at 1.44610.

Maybe its just me, but it seems that this has some false assumptions and some "curve fitting" and "hope trading" built into it.

But I'll monitor the thread.

Quoting SkyStriker
I have worked on this a week and I think that my basket "broker" will cry at monday.
I am not going to write 100 a lines with bull s**t.
If you dont try it what is the point.
Here it is as simple as it can be.
I have made this for EUR/USD ONLY.

[center]PRICE :


*.**07
*.**27
*.**47
*.**67
*.**87
*.**07

TIME :...
  • #4
  • Apr 10, 2011 2:23am Apr 10, 2011 2:23am
Hi,

You might be onto something but not in the way you think...
-if your sure the market would be in extreme at those times why not trade with the trend and use those times as profit taking?

-Ignore the long (like in the trade example) wait for the pull back and go short where you took your profit --seems much more profitable to me.

-Looks like those are the perfect times to take a rest and grab a coffee. But what do i know, we are all traders trying to find our way through this maze. If you have tested it and it works for you, more power to you.

-let us know your results. Carpe Diem!
  • #5
  • Edited 5:33am Apr 10, 2011 4:28am | Edited 5:33am
http://books.google.bg/books?id=sUKR...page&q&f=false

W.D Gann

Gann know that every market have it's own cycles and when the cycle is over the price is most likely to move in the other direction.
As you can see from 09:00 to 15:00 there is a gap this gap is the Euro session.
You can call it frofit taking,hedging what ever...but at those hours the price is at extremums.
If you draw lines at the price levels *.***7 you will see that most of the time when the price is at tose levels a reversal,support,resistance occours.

OK here is a snap and maybe this will help.
P.S If someone have told me this a week ago I would just
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  • #6
  • Apr 10, 2011 7:36am Apr 10, 2011 7:36am
Certainly an interesting concept. So how do you trade it? At 1500 you look at the chart and go opposite the past trend at a price ending in ...7? Or you see the price is at ....7 and you wait until 1500 to trade in the opposite direction?

Quoting SkyStriker
http://books.google.bg/books?id=sUKR...page&q&f=false

W.D Gann

Gann know that every market have it's own cycles and when the cycle is over the price is most likely to move in the other direction.
As you can see from 09:00 to 15:00 there is a gap this gap is the Euro session.
You can call it frofit taking,hedging what ever...but at those hours the price is at extremums.
If you draw lines at the price levels *.***7 you will see that most of the time when the price is at tose levels a reversal,support,resistance...
  • #7
  • Edited 8:39am Apr 10, 2011 8:20am | Edited 8:39am
Quoting Dreamliner
Certainly an interesting concept. So how do you trade it? At 1500 you look at the chart and go opposite the past trend at a price ending in ...7? Or you see the price is at ....7 and you wait until 1500 to trade in the opposite direction?
Hi,at the 15:00 H bar i will wait for a price with 27,47,67,87,07 and at that price I will counter the trend.
It is not that hard at all...
There are too many lines on the charts that I have posted,but if you try it you will see how easy it is.
You can use OCO orders - if the price is 1.4035 place the OCO at 1.4027 and 1.4047.
When the OCO is executed place TP 20pips and SL 20pips (OCO Order).

OMG IT SOUNDS LIKE ASTRO PHYSICS.:nerd:
  • #8
  • Apr 10, 2011 10:17am Apr 10, 2011 10:17am
Quoting SkyStriker
Hi,at the 15:00 H bar i will wait for a price with 27,47,67,87,07 and at that price I will counter the trend.
It is not that hard at all...
There are too many lines on the charts that I have posted,but if you try it you will see how easy it is.
You can use OCO orders - if the price is 1.4035 place the OCO at 1.4027 and 1.4047.
When the OCO is executed place TP 20pips and SL 20pips (OCO Order).

OMG IT SOUNDS LIKE ASTRO PHYSICS.:nerd:
I noticed on your chart you traded both with the 6SMA and against it.

Aren't you using it to determine the trend?

Thanks
  • #9
  • Apr 10, 2011 10:35am Apr 10, 2011 10:35am
billbss I think he didn't in his own terms of 6 SMA. I think it's only important for SkyStriker that price is above 6SMA to put SELL trades on and below 6SMA to put BUY trades on.

It seems irrelevant for him what 6SMA's direction is.
  • #10
  • Apr 10, 2011 3:21pm Apr 10, 2011 3:21pm
SkyStriker,

Is there a "rule of thumb" that price needs to be a certain # of pips away from the MA6 to be considered a good countertrend trade setup?

Thanks,
BC2
  • #11
  • Apr 10, 2011 5:08pm Apr 10, 2011 5:08pm
Wecome Microsuck!
  • #12
  • Apr 10, 2011 6:25pm Apr 10, 2011 6:25pm
Quoting Bobcat2
Wecome Microsuck!
hi bob...im goo....what bout u hehehee...
  • #13
  • Apr 10, 2011 10:39pm Apr 10, 2011 10:39pm
Quoting vanderpjer
billbss I think he didn't in his own terms of 6 SMA. I think it's only important for SkyStriker that price is above 6SMA to put SELL trades on and below 6SMA to put BUY trades on.

It seems irrelevant for him what 6SMA's direction is.
Hi,
I use the 6 MA to determen the trend and if the price of the 00,03... bar is 27,47,67,87,07 I am in a deal.

The 6 MA shows me the trend if trend is up I go short.

Quoting Bobcat2
SkyStriker,

Is there a "rule of thumb" that price needs to be a certain # of pips away from the MA6 to be considered a good countertrend trade setup?

Thanks,
BC2
Hi,
I dont need to know how wide the price 6MA # is.
I need to enter @ 27,47,67,87,07 @ that bar.
That's it.
MA6 and 2 lines...
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  • #14
  • Apr 10, 2011 10:55pm Apr 10, 2011 10:55pm
Quote
Hi,
I use the 6 MA to determen the trend and if the price of the 00,03... bar is 27,47,67,87,07 I am in a deal.

The 6 MA shows me the trend if trend is up I go short.
Here is the chart you posted.

On the two trades I marked, you appear to have entered WITH the trend.

Actually there is another one I missed. The third one from the the at 0300.
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  • #15
  • Apr 10, 2011 11:08pm Apr 10, 2011 11:08pm
Quoting billbss
Here is the chart you posted.

On the two trades I marked, you appear to have entered WITH the trend.

Actually there is another one I missed. The third one from the the at 0300.
We watch the bar open not the close.
IT is a close call that one.
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  • #16
  • Apr 10, 2011 11:22pm Apr 10, 2011 11:22pm
Quoting SkyStriker
We watch the bar open not the close.
IT is a close call that one.
Why 6?
  • #17
  • Apr 11, 2011 1:13am Apr 11, 2011 1:13am
So at this moment...09:00, 15:00 and 21:00 sell at 1.4467 right?

any comment on april 7th 2011...can see lot of losses..thanks
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  • #18
  • Apr 12, 2011 1:07pm Apr 12, 2011 1:07pm
Quoting 2+2=4ex
Why 6?
6 x 1H bar = 6 hour
That is my way to know where the trend is at.

Quoting microsuck_36
So at this moment...09:00, 15:00 and 21:00 sell at 1.4467 right?

any comment on april 7th 2011...can see lot of losses..thanks
Right

That is it
  • #19
  • Apr 12, 2011 3:11pm Apr 12, 2011 3:11pm
So how are you doing with this method currently? You said the broker would be upset as you would be winning so much, but on the 7th there were lots of losses. How are you doing with it now?
  • #20
  • Apr 13, 2011 8:45am Apr 13, 2011 8:45am
Quoting Dreamliner
So how are you doing with this method currently? You said the broker would be upset as you would be winning so much, but on the 7th there were lots of losses. How are you doing with it now?
I dont have the time...to take every deal.
And On and off will bring only losses.
I study for the series 7 exam and I need some time off.
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