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Help Me Establish The GbpUsd After Dinner Club 40 replies

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  • #11,081
  • Nov 4, 2013 9:11am Nov 4, 2013 9:11am
Quoting infinitus
{quote} Hi Ffleo, I have an Ameritrade account too, so I can have TOS. But I am fine with my solution in Excel. :-) To only have 180 days is like to only have the half story. What if, really heavy volumen took place shortly before this 180 days? Last days I got several The question now, if this method (my method) is the appropriate one, I can not answer. It may be ONE solution for the problem. Maybe there are other solutions. Let me know :-)
I agree with u fixed number of days for a dynamic market is not suitable.i usually look for profile to be completed with normal distribution curve with merging and demerging different time periods ,once I see a normal profile I will take the poc of this period as reference point and start making a new profile and see what happening weekly and monthly profiles and see where the price is and then its ur judgement call,take a position and manage it.
Allah has permitted trade and has forbidden interest [koran]
  • #11,082
  • Nov 4, 2013 10:54am Nov 4, 2013 10:54am
ECB Preview: hints, but no action? 6 scenarios
http://www.forexcrunch.com/ecb-previ...n-6-scenarios/
Those who say it cannot be done should not interrupt those who are doing it
  • #11,083
  • Nov 4, 2013 12:06pm Nov 4, 2013 12:06pm
EURUSD, M15, 2013 November 04

Daily indifference around 1.35 could be running further more for a couple of days. Maybe 1.3453 - 1.3568.
I try to trade some M15 CCI Top & Bottom and overlapping H1 candles currently.

Weekly could go more upwards ~1.3567 (mR2), before the monthly could go running down ~1.3366 (DS3) or more downside.
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  • #11,084
  • Nov 4, 2013 12:14pm Nov 4, 2013 12:14pm
EURUSD, M1, 2013 November 04
Scalping Trades
Profit: +0.5%
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  • #11,085
  • Nov 4, 2013 12:21pm Nov 4, 2013 12:21pm
Quote
3521 good level for short scalp(about 30 pips ) with sl 10

Agree.

Forexcube nice going on your EU trades, wouldnt mind seeing more entries placed ahead, rather than on close.

Finished trading day close to 100 pips. See ya all tomorrow.
  • #11,086
  • Nov 4, 2013 12:37pm Nov 4, 2013 12:37pm
EURUSD, Short @ 1.3511 (10x), Target @ 1.3420 (5x), @ 1.3370 (5x)
Maximal Expected Drawdown: @ 1.3595
  • #11,087
  • Nov 4, 2013 1:02pm Nov 4, 2013 1:02pm
Quoting infinitus
{quote} You spied on me
I got my friends.
Wherever you go, there you are.
  • #11,088
  • Nov 4, 2013 2:34pm Nov 4, 2013 2:34pm
Quoting infinitus
{quote} second buy 1/10 position long on EU @ 3488 INFINITUSEURUSDTRADECALL

covered @ 3519 for 31 or +0,31%


INFINITUS EURUSDCALL CLOSED
  • #11,089
  • Nov 4, 2013 2:36pm Nov 4, 2013 2:36pm
Quoting infinitus
Maybe out of steam now? first small long on EU 1/10 position EU long @ 3511 INFINITUSEURUSDTRADECALL

covered @ 3519 for +8 or 0,08%


INFINITUS EURUSDCALL CLOSED



will reenter long later eventually
  • #11,090
  • Nov 4, 2013 2:49pm Nov 4, 2013 2:49pm
Quoting infinitus
{quote} covered @ 3519 for +8 or 0,08% INFINITUS EURUSDCALL CLOSED will reenter long later eventually
once i loose a position I found it very difficult to re-establish my position and also in and out one too many time will make my thinking messy I loose my clarity about market direction.i am not saying one can't play the noise but it demand iron clad desipline which I sorely lacking,me more of a laid back personality
Allah has permitted trade and has forbidden interest [koran]
  • #11,091
  • Nov 4, 2013 2:58pm Nov 4, 2013 2:58pm
Quoting drzakir123
{quote} once i loose a position I found it very difficult to re-establish my position and also in and out one too many time will make my thinking messy I loose my clarity about market direction.i am not saying one can't play the noise but it demand iron clad desipline which I sorely lacking,me more of a laid back personality
Hmmm, shows me, that you eventually try to catch the very bottom or the very top. In doing so, you will lose flexibility, instead you will earn stress. And have to play a lot of waiting game.

I should have closed the position a few hours ago already, but was distracted due to my job LOL

Between 3524 and 3533 are the next bigger hurdles. Up to 3533 is uphill battle, so price may need to come a bit back to gain momentum
  • #11,092
  • Nov 4, 2013 3:04pm Nov 4, 2013 3:04pm
Quote
Maximal Expected Drawdown: @ 1.3595

Thats where i plan to enter with shorts, or at 1.3630 if we get there.


Quote
Between 3524 and 3533 are the next bigger hurdles. Up to 3533 is uphill battle, so price may need to come a bit back to gain momentum

Yep.
  • #11,093
  • Nov 4, 2013 3:04pm Nov 4, 2013 3:04pm
Playing field
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  • #11,094
  • Nov 4, 2013 3:14pm Nov 4, 2013 3:14pm
Quoting infinitus
Playing field {image}

the first chart shows the distribution curve of the past 32 trading days


when I set the threshold for volume to 4 standard deviations, the result shows resistance @ 3533 and 3526. I mean, that is really huge resistance, and can also be seen on a 4h chart (set to NY close at 23 GMT) as pinbar on the drop from the top (candle 11.01.2013 04:00 GMT)
  • #11,095
  • Nov 4, 2013 3:25pm Nov 4, 2013 3:25pm
EU EW count 1h TF


maybe this:
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  • #11,096
  • Nov 4, 2013 3:28pm Nov 4, 2013 3:28pm
so far the tripple fib fan support has held
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  • #11,097
  • Nov 4, 2013 3:31pm Nov 4, 2013 3:31pm
Quoting infinitus
{quote} Hmmm, shows me, that you eventually try to catch the very bottom or the very top. In doing so, you will lose flexibility, instead you will earn stress. And have to play a lot of waiting game. I should have closed the position a few hours ago already, but was distracted due to my job LOL Between 3524 and 3533 are the next bigger hurdles. Up to 3533 is uphill battle, so price may need to come a bit back to gain momentum
not exactly,but one of my position may fall at the top or bottom like this morning when one of the position landed at 1.3468.my play is more of exploiting the volatility.by the way I sleep very well and consider this,i am holding multiple position in usd/jpy long at 94.73 since june 13 2013 in process I have colleceted quite bit of profits as well on the way.
Allah has permitted trade and has forbidden interest [koran]
  • #11,098
  • Nov 4, 2013 4:49pm Nov 4, 2013 4:49pm
Quoting janpec1000
{quote} Thats where i plan to enter with shorts, or at 1.3630 if we get there. {quote} Yep.

  • #11,099
  • Nov 4, 2013 5:08pm Nov 4, 2013 5:08pm
Quoting janpec1000
{quote} Thats where i plan to enter with shorts, or at 1.3630 if we get there. {quote} Yep.
if u enter at say 630,u know there will be lot of stops above that price and say market jump another 60 to 80 pips,then what is ur strategy?how u going to respond?ru going to put a stop loss in that area?ru going to take a loss? let me put this way,for me small profit is better than small loss
Allah has permitted trade and has forbidden interest [koran]
  • #11,100
  • Nov 4, 2013 6:27pm Nov 4, 2013 6:27pm
Quoting infinitus
{quote} Hi Ffleo, I have an Ameritrade account too, so I can have TOS. But I am fine with my solution in Excel. :-) To only have 180 days is like to only have the half story. What if, really heavy volumen took place shortly before this 180 days? Last days I got several questions regarding market profiles, and the main question was: what is the appropriate time span to collect the data? Some use static daily, others static weekly, others static monthly, and others like you to set the time span to a predetermined value like 180 days. Well, this is...
Hi infinitus,

Yes, you are right, how to choose the time span for the TPO (or market) profile is kind subjective, and it needs a lot of practice and experience.

In TOS, i have several chart pages set up to different time frames. I can adjust the time span of TPO profile for weekly and daily charts so that i see complete profile with distinct POCs and valleys of the profile. I usually use long enough time span to cover enough past history. For the 4hr and 2hr or less time frame charts, however, TOS only provides data up to 180 days. I make reference to all time frames with different time spans of TPO profiles to determine major and minor S/R levels.

Charts examples of aussie are attached below. The weekly chart has time span of 10 years for its TPO profile, the daily chart has time span of 4 years for its TPO profile, and the 4hr and 2hr charts have time span of 180 days for their TPO profile. The longer time span of the TPO profile on the weekly chart is used to gauge the major S/R levels, while the short time span of the TPO profile on the 4hr and 2hr charts is used to assess the most recent S/R levels.
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weekly aussie chart,
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daily chart,
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4hr char and 2hr charts,
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ignore wackos and psychos, including myself. But I can't add myself to iggy
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