Is it bad I´m being short? 
- #18,101
- Nov 26, 2012 12:48pm Nov 26, 2012 12:48pm
- Joined Jan 2012 | Status: Loving Nature* | 3,985 Posts
- #18,102
- Nov 26, 2012 12:48pm Nov 26, 2012 12:48pm
- | Joined Jul 2011 | Status: Trader | 1,356 Posts
if i entered on 5m bollinger with a 7 pip stop today, i would never have got stopped out except for TWO times
every 5m touch would have give at least 8-13 pips
i need to give it more respect, i stopped giving it respect because i thought it was "too popular" of an indicator... but i realize its popularity doesnt matter at all in reducing its effectiveness
Edit: just noticed your post on this matter
- #18,103
- Nov 26, 2012 12:50pm Nov 26, 2012 12:50pm
- Joined Dec 2010 | Status: Trader | 18,740 Posts
I actually stop coding new EA s until I see or find or invent a promising one.
more or less they all same
yes as said when it happened it is good to calculate POSS profit but it is virtual.
again no offense & respect
but those are eye cathers
yes it will fail when MKT trend
but when?
if we know that answer then why trade scalp lets trade trend
loop
paradox
more or less they all same
yes as said when it happened it is good to calculate POSS profit but it is virtual.
again no offense & respect
but those are eye cathers
yes it will fail when MKT trend
but when?
if we know that answer then why trade scalp lets trade trend
loop
paradox
yes see the chart and tell me you would not have had over 50+ profit today
if you used 15 pip stop you only get stopped out once today
only time it doesn't work is during heavy trend (when BB is expanding)
its no coincidence that divergence often happens near the bollinger bottom or top
im constantly back testing so if you were to make an EA for this, id love to test it out
however, i was talking manual entries, but an EA might do an okay job
- #18,104
- Nov 26, 2012 12:50pm Nov 26, 2012 12:50pm
- Joined Jul 2012 | Status: CME seat owner | 6,134 Posts
Volume's side looks like triangle won't be broken today...
triangle break to the downside doesn't necessarily mean we see 2900 though
Be hopeful in a winning position, and fearful in a losing position.
- #18,105
- Nov 26, 2012 12:51pm Nov 26, 2012 12:51pm
- Joined Dec 2010 | Status: Trader | 18,740 Posts
short it & join the "moron" club
Is it bad I´m being short?
- #18,106
- Nov 26, 2012 12:52pm Nov 26, 2012 12:52pm
- Joined Jan 2012 | Status: Loving Nature* | 3,985 Posts
- #18,107
- Nov 26, 2012 12:55pm Nov 26, 2012 12:55pm
- Joined Jan 2012 | Status: Loving Nature* | 3,985 Posts
short it & join the "moron" club
- #18,108
- Nov 26, 2012 12:56pm Nov 26, 2012 12:56pm
- Joined Dec 2010 | Status: Trader | 18,740 Posts
guys price does not use bands to move.
it moves with TL s
or with averaged TL s which are MA s
with respect to your systems indis what ever you use those indicators are eyecathers
it moves with TL s
or with averaged TL s which are MA s
with respect to your systems indis what ever you use those indicators are eyecathers
Problem with BB is that on some days( like this one/full ranging ) it gives excellent signals. On trend transitions and heavy up&down moves it overshoots every time. Very hard to pinpoint because price will simply ignore these bands in that case.
Edit: just noticed your post on this matter
- #18,110
- Nov 26, 2012 12:59pm Nov 26, 2012 12:59pm
- Joined Jul 2012 | Status: CME seat owner | 6,134 Posts
I actually stop coding new EA s until I see or find or invent a promising one.
more or less they all same
yes as said when it happened it is good to calculate POSS profit but it is virtual.
again no offense & respect
but those are eye cathers
yes it will faik when MKT trend
but when?
if we know that answer then why trade scalp lets trade trend
loop
paradox
here is example of market trending (friday)
not good to use BB here (because of market breakout) except when it touched bottom BB, which is a with trend trade. after hitting bottom BB for the first time after the primary bollinger expansion, it surged another 35 pips higher.
if could somehow code it to not go short during heavy up trend (which i would know trading manually, not to do) then it could have some potential
i never used an EA on a live account before
Be hopeful in a winning position, and fearful in a losing position.
- #18,111
- Nov 26, 2012 12:59pm Nov 26, 2012 12:59pm
- Joined Jan 2012 | Status: Loving Nature* | 3,985 Posts
- #18,112
- Nov 26, 2012 1:00pm Nov 26, 2012 1:00pm
- Joined Jul 2012 | Status: CME seat owner | 6,134 Posts
Be hopeful in a winning position, and fearful in a losing position.
- #18,115
- Nov 26, 2012 1:01pm Nov 26, 2012 1:01pm
- Joined Jan 2012 | Status: Loving Nature* | 3,985 Posts
- #18,116
- Nov 26, 2012 1:02pm Nov 26, 2012 1:02pm
- Joined Dec 2010 | Status: Trader | 18,740 Posts
lets see
I like your predictions
I like your predictions
maximum 1.3020..hoppefully not get there, or I have to close short before going there...going home now to study and post something!
ps: I prefer the forecast I put here friday...
This week we will have pin bar with minimum 1.2840 and closing where it opened, and "idem" on Monthly...
- #18,117
- Nov 26, 2012 1:03pm Nov 26, 2012 1:03pm
- Joined Jan 2012 | Status: Loving Nature* | 3,985 Posts
think with me...we had pin bar on 4 hours, after on 8 hours, after on daily , it remains on weekly( this week possible), and Monthly we are going to have that!!!!
ps: I´m going to put chart supporting this idea!
and you are going to see me trading them agressively!!! for now on and ever!
- #18,118
- Nov 26, 2012 1:04pm Nov 26, 2012 1:04pm
- Joined Dec 2010 | Status: Trader | 18,740 Posts
seond time missed the exit on trades
let me focus on charts for 10min
let me focus on charts for 10min