it's a small matter | Page 12 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Small account - small leverage (30:1) 0 replies

Small bells, small whistles. 2 replies

Small time relative newbie taking small steps 177 replies

Reality check - do small FX accounts inevitably stay small? 14 replies

Daily Candle close time...Does IT Matter??? 7 replies

Attachments: it's a small matter
Exit Attachments

it's a small matter

Sep 21, 2014
Last Sync: Sep 21, 2014
Sep 21, 2014
Last Sync: Sep 21, 2014
Sep 21, 2014
Last Sync: Sep 21, 2014
Sep 21, 2014
Last Sync: Sep 21, 2014
to
No trading activity in this period.
  • #221
  • Feb 4, 2015 7:34am Feb 4, 2015 7:34am
Quoting hayseed
{quote} //---- hey zebrasquirl..... keep an eye open for mergers and buyouts in the oil patch..... most companies are cash rich, if stock prices drop much there will be a shopping spree..... the companies themselves can go years losing money which drives down their stock price..... this makes the appeal to buy them irresistible..... many will go on exploring now even knowing nothing might be sold for years..... look how long the prudhoe bay field took to come on line...... the canadian economy might be drafting the states now, but there's straightaway...
Hi hayseed

I have down your indi and template,but its not suitable for the Intraday trade.

your setting is very big，just for the high TF，like daily TF?

thx
  • #222
  • Feb 4, 2015 8:35am Feb 4, 2015 8:35am
Quoting blueface
Hi hayseed I have down your indi and template,but its not suitable for the Intraday trade. your setting is very big，just for the high TF，like daily TF? thx
//------

hey blue...... yes, i believe your correct..... the setting is igor's original setting so i have always left it as default.....

the +- bands are just another way of viewing bollinger bands without the expansion and contraction...... you can adjust them to your needs...

the most important thing for any indicator, for me, is the first signal on the higher timeframe..... that first signal often sets the tone of the market.... then i use the lower timeframes to get in tune with the market....

occasionally missing a few notes.......h
//----
Attached Image (click to enlarge)
Click to Enlarge Name: tsr.png Size: 47 KB
to trade and code, keep both simple... no call to impress....h
  • #223
  • Feb 4, 2015 9:58am Feb 4, 2015 9:58am
Quoting hayseed
{quote} //------ hey blue...... yes, i believe your correct..... the setting is igor's original setting so i have always left it as default..... the +- bands are just another way of viewing bollinger bands without the expansion and contraction...... you can adjust them to your needs... the most important thing for any indicator, for me, is the first signal on the higher timeframe..... that first signal often sets the tone of the market.... then i use the lower timeframes to get in tune...
Hi hayseed

Im a newbie,I am very sorry,I dont know how its suitable setting for the Intraday trade.

If you can upload your ower timeframes template or Intraday trade template？

thanks a lot.
  • #224
  • Feb 4, 2015 11:51am Feb 4, 2015 11:51am
Quoting blueface
I dont know how its suitable setting for the Intraday trade. If you can upload your ower timeframes template or Intraday trade template？
//-----

hey blue..... i don't know them either..... intraday trading is probably the most difficult manner of trading...... intraday trading in a highly leveraged market like forex is dang near impossible.... there are only a handful of people capable of it and i'm for sure not one......

moving averages, in the case of single moving averages, are trend following methods of trading..... the intraday movements are just too unpredictable for true trend trading.... and again i'm referring to forex, a highly leverage market.... 50:1 leverage equates to 50 times the movement....

moving averages lag too much to have 50 times the movement hanging over your head..... intraday trading entrys must be precise.... moving averages are far to laid back for intraday trading....

but again, there are some people that can use them intraday..... not me.....
//-----

for me, just a very laidback hayseed, moving averages on higher timeframes work.... you need to be prepared for the retraces, aka variances, check page 19 in pdf below..... and you need to understand the point of diminishing returns, when enough is enough..... always trade small..... grains of sand add up.....

focus on the first signal on the higher timeframes...... and yes it's immensely boring waiting for trend changes..... that's why i trade so many different markets..... as jimmy buffet says, 'it's 5 o'clock somewhere'.....h

//-----
Attached Image (click to enlarge)
Click to Enlarge Name: enough.png Size: 68 KB
Attached File(s)
File Type: pdf seasonal temp.pdf   1.5 MB | 490 downloads
to trade and code, keep both simple... no call to impress....h
  • #225
  • Feb 4, 2015 12:15pm Feb 4, 2015 12:15pm
Hi hayseed,
congrats for your thread. Subscribed.
I see you have very nice tools. One I was looking for is the ZigZag that change colour when is sloping up or down. Could you share it?
Tnks
Per aspera ad astra
  • #226
  • Feb 4, 2015 12:35pm Feb 4, 2015 12:35pm
hey jp..... someone asked for that before..... remember coding it but that was long time back..... still have not found it..... will post it when i do.....

it might have been metastocks version of the zigzag which differs from metatraders version..... the math differs between the two..... can't remember for sure....

i buy a new computer every 6 months so have quite a few to look thru....... really need to put every thing on one of those terabyte drives.....h
to trade and code, keep both simple... no call to impress....h
  • #227
  • Feb 4, 2015 12:42pm Feb 4, 2015 12:42pm
Quoting hayseed
hey jp..... someone asked for that before..... remember coding it but that was long time back..... still have not found it..... will post it when i do..... it might have been metastocks version of the zigzag which differs from metatraders version..... the math differs between the two..... can't remember for sure.... i buy a new computer every 6 months so have quite a few to look thru....... really need to put every thing on one of those terabyte drives.....h
I found only one in FF who has it but the indi comes with his platform that isn't Metatrader.
Thank you for your trying. Cheers.
Per aspera ad astra
  • #228
  • Feb 4, 2015 7:55pm Feb 4, 2015 7:55pm
I see you dipped your toe back into USD/JPY. I've been watching the pair for quite some time, hoping that it would "piss or get off the pot."

Now it looks short-term rangey, though, so I might be able to eke a few pips out of it by going long from the bottom of the range ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #229
  • Feb 4, 2015 9:22pm Feb 4, 2015 9:22pm
Quoting ZebraSquirl
I see you dipped your toe back into USD/JPY.
//----

hey zebra..... yeah but just toying with it past few days..... no real interest.....

preparing for a potential euro shockwave..... if the markets lose faith that the ecb will succeed in a timely manner, there is no tellin what might happen..... 1000 pip drops would not surprise me..... it's a scary thought.....h
to trade and code, keep both simple... no call to impress....h
  • #230
  • Feb 4, 2015 10:40pm Feb 4, 2015 10:40pm
Quoting hayseed
{quote} //----- hey blue..... i don't know them either..... intraday trading is probably the most difficult manner of trading...... intraday trading in a highly leveraged market like forex is dang near impossible.... there are only a handful of people capable of it and i'm for sure not one...... moving averages, in the case of single moving averages, are trend following methods of trading..... the intraday movements are just too unpredictable for true trend trading.... and again i'm referring to forex, a highly leverage market.... 50:1 leverage...
Hi hayseed

thanks a lot.
  • #231
  • Feb 5, 2015 9:49am Feb 5, 2015 9:49am
pressure building on eurcad low..... third attempt in as many days....h
//-----
Attached Image (click to enlarge)
Click to Enlarge Name: pressure.png Size: 43 KB
to trade and code, keep both simple... no call to impress....h
  • #232
  • Feb 6, 2015 4:21am Feb 6, 2015 4:21am
Hi Hayseed, I have again a question regarding your exit on the eur pairs today. Lets take EUR/NZD. Was it that the H1 timeframe was oversold and u expected some retrace so u got out to come back later at better price ? It would be really nice if u could explain your reasoning behind it.

The daily chart on eur /nzd is overbought, Awsome indicator is red, CCI is heading south, Williams just crossed the 50% line so in my opinion on the daily timeframe the short trend continues. SO why get now out? To avoid the variance of the retrace on the H4 or H1 hour?


Thank u very much for your time and your effort.

Best regards

Thalaton
  • #233
  • Feb 6, 2015 5:35am Feb 6, 2015 5:35am
Quoting Thalaton
Hi Hayseed, I have again a question regarding your exit on the eur pairs today. Lets take EUR/NZD. Was it that the H1 timeframe was oversold and u expected some retrace so u got out to come back later at better price ? It would be really nice if u could explain your reasoning behind it. The daily chart on eur /nzd is overbought, Awsome indicator is red, CCI is heading south, Williams just crossed the 50% line so in my opinion on the daily timeframe the short trend continues. SO why get now out? To avoid the variance of the retrace on the H4 or H1...
//------


hey thalaton..... most all trades were closed out of caution for the cad and usd employment numbers coming out in a few hours..... that news has the potential to move the pairs +/- 300 pips each..... had it not been for the news, i would have not closed any trades..... the eurnzd often moves with the eurcad.....

the 2 most appealing trades for me at this point are the eurcad and eurnzd.... my preference is short on both....

speakin of the eurnzd..... the average daily zigzag(12,5,3) length is 1040 pips.... the last daily leg was just at 1050 pips up.... the average 4 hour zigzag(12,5,3) length is 340 pips..... the last 4 hour leg was 480 pips down......
//-----

SO why get now out? To avoid the variance of the retrace on the H4 or H1 hour? exactly... and the news could magnify any retrace...... a bird in the hand is worth two in the bush......

fundamental news can crush technical views....... over the next few hours probably 100 orders will open and close....... at the end of the day i expect to be short again......h
to trade and code, keep both simple... no call to impress....h
  • #234
  • Feb 6, 2015 8:42am Feb 6, 2015 8:42am
Quoting Thalaton
u expected some retrace so u got out to come back later at better price ?
//-----

hey thalaton..... ok..... now that the bean counters have had their say, we can have ours..... as you mentioned the eurnzd trend is still somewhat down.... don't forget there is already talk of the rba cutting rates again in march..... if that proves true, the nzd might move in sympathy.....

but that's next month..... now is now.....

really need the eurnzd to move hard against me, hopefully to near 1.57 / 1.58 before it stalls ..... any good news on greece could move it up 200 pips, short covering could double that....

eurcad might flap up some more dust between now and newyork close, but story is pretty much the same..... i will slowly reenter...... no rush....h
//----
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 61.8.png Size: 57 KB
Click to Enlarge Name: eurcad 61.png Size: 52 KB
to trade and code, keep both simple... no call to impress....h
  • #235
  • Feb 6, 2015 1:24pm Feb 6, 2015 1:24pm
Quoting hayseed
{quote} //---- there is nothing more inevitable than the inevitable ..... and it's inevitable that the chf peg will one day be broken, either by force or by snb decision..... on that day i would not want to be neither long or short chf...... usdchf update...... bernake lent some helpful federal hot air here.... +/- 2000 weekly equity swings will be normal........h //----- {image}
​So you predicted it.
Per aspera ad astra
  • #236
  • Feb 6, 2015 2:13pm Feb 6, 2015 2:13pm
Quoting hayseed
{quote} //------ bet there ain't too many hayseeds tradin futures....... this dang x_trader platform is kickin my butt..... from what i can see, infinityfuture's platform is far better for beginners like me...... they have tons of self help type instructional videos...... where xtrader really has almost nothing..... etrade is convenient but might be moving my account before ever placing a single trade......h
//-----

made a withdrawal from etradefx and funded my futures account again a few minutes ago.......

never got around to posting what the trouble above was..... .... me..... of course......

as it turns out, the infinity futures platform was a true demo account which did not expire..... that's why it worked so well every time....

the etrade futures account was not a demo..... you can use an etrade live futures account in demo mode , but for only 1 day at a time...... you have to call up everyday and have them reload it with demo money.... it will stay in demo mode until you have it switched back to live.....

that was the reason after the first day nothing would work... no demo money...... must have downloaded the platform 5 dang times..... finally quit tryin......

had priscilla call'em and find out what was up...... yeah, it's a guy thing..... h

//-----

hey jp..... ..... the prediction was easy..... putting real money on it was hard.... way too hard for me anyway........h
to trade and code, keep both simple... no call to impress....h
  • #237
  • Feb 9, 2015 1:05pm Feb 9, 2015 1:05pm
hey thalaton..... ea's closed most of the trades this morning..... they were probably closed because they reached an average length....

i've written indicators and ea's that calculate averages on almost every indicator available..... for every pair and timeframe.... these indicators/ea's alert me in various means..... in the case of ea's they might open or close trades....

for each indicator they calculate the average signals length in bars, the average +- in pips, the average frequency of the signal , maximum negative excursion and so on.... it also does calculations on fib numbers , pivots and such......

once an average is reached the ea will prepare to exit and then prepare to reenter..... this is not a fool proof method.....

think of it like this..... if the monthly, weekly and daily trends are down and you get a sell signal that on average moves 100 pips down before making 50 pip counter move, what would be the most efficient profit target......

look at the chart below with the history indicator, in post 157, showing the trades..... you can get a better feel of what the ea's are doing......

will explain better later.....h
Attached Image(s) (click to enlarge)
Click to Enlarge Name: history.png Size: 81 KB
Click to Enlarge Name: eurcad zz.png Size: 60 KB
Click to Enlarge Name: averages.png Size: 90 KB
to trade and code, keep both simple... no call to impress....h
  • #238
  • Feb 9, 2015 3:44pm Feb 9, 2015 3:44pm
Hey hayseed Thank u as always for your explanations! I understand what u wrote. So when the main trend resumes (short the eur at this time) u start "riding the waves" on the lower timeframes (H1 and H4). What I dont get are your first trades against the shorter timeframes. There u let your positions go as much as 200 to 400 pips against u. So would it not be better to wait for the confirmation of trendresuming and then ride the H1/H4 waves as u do? Its a question and by no means would i criticise your aproach. I just try to understand the logic behind it. I hope its understandable what i wrote.

Best regards

Thalaton
  • #239
  • Feb 9, 2015 5:00pm Feb 9, 2015 5:00pm
Quoting Thalaton
So when the main trend resumes (short the eur at this time) u start "riding the waves" on the lower timeframes (H1 and H4). What I dont get are your first trades against the shorter timeframes. There u let your positions go as much as 200 to 400 pips against u. So would it not be better to wait for the confirmation of trendresuming and then ride the H1/H4 waves as u do?
//-----

hey thalaton..... yes, currently i'm playing the short term waves, but really should not be.... normally i'd just be adding trades and letting them all ride for months and months.....

yes, you are without a doubt correct, it would be far better to wait for trend confirmation...... remember you mentioned before me jumping back in before the 61.8 fib....... there is a reason for that..... i'm way over trading now because i need to double the account every month for several months to allow me larger lot sizes......

the weekly and monthly trends are still down...... 400 pips is really not that much if your prepared for it going in..... the average 240 movement on most pairs is 400 pips.....

but you have me curious, the trades your speaking of 400 pips against me, which ones were they......

and please believe me when i say, feel free to criticize or offer suggestions at anytime without hesitation...... ........h

//-----
Attached Image (click to enlarge)
Click to Enlarge Name: thalaton ave.png Size: 105 KB
to trade and code, keep both simple... no call to impress....h
  • #240
  • Feb 9, 2015 8:38pm Feb 9, 2015 8:38pm
Hey hayseed There was particulary the eur/aud short from 23 rd november several of the positions were exited at about 500 pips minus.

Best regards

Thalaton
1 trader viewing now