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  • #801
  • Jun 22, 2012 2:42am Jun 22, 2012 2:42am
Quoting FranksBiz
I saw this as a Short signal Euro line broke, became long. Is that right?
Its a confirmation of short
  • #802
  • Jun 22, 2012 2:43am Jun 22, 2012 2:43am
Quoting FranksBiz
I saw this as a Short signal Euro line broke, became long. Is that right?
The Euro high has not be broken market is still short...
  • #803
  • Jun 22, 2012 2:44am Jun 22, 2012 2:44am
patiently waiting for the breach of 40% as paulus suggested.. before i accept any sell signal
Challenger
  • #804
  • Jun 22, 2012 2:47am Jun 22, 2012 2:47am
Hi Minako,
I must have missed that bit!!
  • #805
  • Jun 22, 2012 2:49am Jun 22, 2012 2:49am
Quoting minako
patiently waiting for the breach of 40% as paulus suggested.. before i accept any sell signal
I didn't know about this part, I guess it'll surely come, a matter of time
  • #806
  • Jun 22, 2012 2:49am Jun 22, 2012 2:49am
Quoting minako
patiently waiting for the breach of 40% as paulus suggested.. before i accept any sell signal
Hi Minako, i missed that rule... where is it so i can read? Thanks
  • #807
  • Jun 22, 2012 3:14am Jun 22, 2012 3:14am
Woke up on monday morning, thinking, nice easy strategy, wont have too think too much about it just green for go, red for dont go.The main man Paulus started my confusion with his interpretation of why he didnt take a buy trade green light. From that point we have evolved through EMAs, red news, Fibo numbers etc, soon we will be onto support /resistance, big round numbers, waves, moon phases, Gann, high tides, and trailing stops.
Monday ,Think I will read start of thread again and go with that, so avoiding seeds of doubt being placed in my brain(very small)
Iposted this with a smile on my face, please read in same manner.
Cheers
Geoff
  • #808
  • Edited 3:33am Jun 22, 2012 3:19am | Edited 3:33am
Quoting Jfr
Hi Minako, i missed that rule... where is it so i can read? Thanks

http://www.forexfactory.com/showthre...360197&page=16

looks like i placed the fib incorrectly. but the logic is the same. that 38.2 is the 61.8 upside down

short 1.25401
SL 1.25495 (nearest swing hi +1)
TP 1.25115

good luck to me!

EDIT: on numbers and picture
Attached Image (click to enlarge)
Click to Enlarge Name: 12.png Size: 34 KB
Challenger
  • #809
  • Jun 22, 2012 3:28am Jun 22, 2012 3:28am
Quoting GEOFFREY62
Woke up on monday morning, thinking, nice easy strategy, wont have too think too much about it just green for go, red for dont go.The main man Paulus started my confusion with his interpretation of why he didnt take a buy trade green light. From that point we have evolved through EMAs, red news, Fibo numbers etc, soon we will be onto support /resistance, big round numbers, waves, moon phases, Gann, high tides, and trailing stops.
Monday ,Think I will read start of thread again and go with that, so avoiding seeds of doubt being placed in my brain(very...
same on all systems threads that hit a losing streak. We're in the dark on longer term robustness; i'll continue to forward test for a while, ideally 100+ trades and then check the stats. Long time to go yet.
  • #810
  • Jun 22, 2012 3:33am Jun 22, 2012 3:33am
Please i need the EASY ORDER EA any help i really need it
  • #811
  • Jun 22, 2012 3:41am Jun 22, 2012 3:41am
Quoting PeterE
anyone using easy order? it's great!
.

Hi Peter where can i get the EASY ORDER? thanks
  • #812
  • Jun 22, 2012 3:42am Jun 22, 2012 3:42am
Quoting minako
short 1.25401
SL 1.25495 (nearest swing hi +1)
TP 1.25115

good luck to me!
loser still scratchin my head
Challenger
  • #813
  • Jun 22, 2012 3:45am Jun 22, 2012 3:45am
Quoting zawad4u
Hi Peter where can i get the EASY ORDER? thanks
http://www.forexfactory.com/showthre...68#post4420168
  • #814
  • Jun 22, 2012 3:59am Jun 22, 2012 3:59am
Have been looking at some stats for this but only over last 4 weeeks until today, some interesting observations. Take what you will from it but it looks to me that the bias is something we might want to look at, it's a major criteria of the method but is it adding value to the method?? Yes I know only time will tell and all these stats could change dramatically but I don't think we should ignore them.

Results for last 4 weeks to today (all times are GMT):
using method as laid down ~ W 7; L 13.
using 6 till 7 to establish bias ~ W7: L 13.
using 5 till 6 for bias, trading from 6am ~ W 13; L 7.
NO bias, take first signal buy or sell from 6am ~ W 13; L 7
NO bias, take first signal buy or sell from 7am ~ W 11; L 9

Some other observations:
some of the losing trades using the original method went against well established moves with not much other evidence of a reversal.
Sometimes TP was 1 or 2 pips away from target due to well established resistance lines and turned into losses.
Several losing trades had price move against trade immediately after signal and never improved.
London open is always likely to be a lot more volatile than the EU open.

I believe the method and MM are in the main very sound but I do now see a question mark over the "bias" and it's effectiveness.

Does any of this resonate with others?

strada.
  • #815
  • Jun 22, 2012 4:08am Jun 22, 2012 4:08am
Quoting strada
Have been looking at some stats for this but only over last 4 weeeks until today, some interesting observations. Take what you will from it but it looks to me that the bias is something we might want to look at, it's a major criteria of the method but is it adding value to the method?? Yes I know only time will tell and all these stats could change dramatically but I don't think we should ignore them.

Results for last 4 weeks to today (all times are GMT):
using method as laid down ~ W 7; L 13.
using 6 till 7 to establish bias ~ W7: L 13.
using...
Absolutely, to me, bias is everything, the rest is to finetune an entry.
  • #816
  • Jun 22, 2012 4:38am Jun 22, 2012 4:38am
Quoting strada
Have been looking at some stats for this but only over last 4 weeeks until today, some interesting observations. Take what you will from it but it looks to me that the bias is something we might want to look at, it's a major criteria of the method but is it adding value to the method?? Yes I know only time will tell and all these stats could change dramatically but I don't think we should ignore them.

Results for last 4 weeks to today (all times are GMT):
using method as laid down ~ W 7; L 13.
using 6 till 7 to establish bias ~ W7: L 13.
using...
Interesting! Thanks Strada
  • #817
  • Jun 22, 2012 4:42am Jun 22, 2012 4:42am
Quoting strada
7am
you meant London open?
Challenger
  • #818
  • Jun 22, 2012 4:44am Jun 22, 2012 4:44am
Quoting sonicboom
Absolutely, to me, bias is everything, the rest is to finetune an entry.
How can bias be everything, we're trading off a 1min chart after the open of one of the world's biggest trading markets, where does the bias from the previous 2 hours fit into that?
  • #819
  • Jun 22, 2012 4:44am Jun 22, 2012 4:44am
Today I was not able to trade as I was busy with something else, but by the look of things, it would have been a loss.
  • #820
  • Jun 22, 2012 4:45am Jun 22, 2012 4:45am
Quoting minako
you meant London open?
Yes, all times in that section were GMT.
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