it's a small matter | Page 18 | 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.
  • #341
  • Jul 7, 2015 10:29am Jul 7, 2015 10:29am
Quoting hayseed
{quote} //----- will scratch around and see if i can find it and post later.....h
Thanks for your reply.

In my opinion, this is a very powerful indicator, if explored and used properly. Since long I was calculating average zig zag length manually by entering each wave in Excel, until I found your script and now the indicator is even better.

Thanks once again.
The purpose of knowledge is action, not knowledge
  • #342
  • Jul 9, 2015 9:12am Jul 9, 2015 9:12am
im thinking to short eurjpy 20seconds before markets close hoping to get a gap on open. tell me what you think
//----

let me respond to this here..... today is thursday here, so i assume your talkin about friday's close....

this recent eurjpy gap down deal has worked well lately, but it's not something you can live off long term.... as for will it be 3 for 3, keep in mind there are some heavy weight eur group meetings this weekend..... those people, despite what it might appear, really want this greece settled in their favor....

will it gap down, who can say..... not me for sure....

it might be better to look for a more recurring signal..... course those won't be quite as adrenalin, endorphin, dopamine or serotonin producing that so many traders crave... but they might be something you can live off.....

such as consider when the qqe crosses the 50 line...

or a tsr color change....

or bbands break....

or alma color change....

when 2 or more agree consider the trade....
....
//------

look for reasons to not trade first.... this might be easiest done by looking at the daily and weekly charts....

if the direction is down, with fundamentals agreeing it should be, search out short entries on the 15 and 30 minute charts that agree with the 240....

course even the best set up trade that can not lose can still be blindsided by some new event..... my recent euraud and eurcad trades were caught by china's drama.... take the loss without any regrets and move on.....

getting back to the original question, the eurjpy weekend gap down might work..... does the risk out weigh the reward.....

we're on the road now..... will post some of the dashboard type indicators/ea's i use for you later.....h
//-----
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYDaily.png Size: 61 KB
to trade and code, keep both simple... no call to impress....h
  • #343
  • Jul 9, 2015 9:39am Jul 9, 2015 9:39am
Quoting hayseed
im thinking to short eurjpy 20seconds before markets close hoping to get a gap on open. tell me what you think //---- let me respond to this here..... today is thursday here, so i assume your talkin about friday's close.... this recent eurjpy gap down deal has worked well lately, but it's not something you can live off long term.... as for will it be 3 for 3, keep in mind there are some heavy weight eur group meetings this weekend..... those people, despite what it might appear, really want this greece settled in their favor.... will it gap down,...

thank you very much for such a long and descriptive reply, i am truly grateful for your generosity, its like you have the magic secret that makes markets obey you every single time... looking farward to seeing your tools and have a safe trip!
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #344
  • Jul 17, 2015 10:19am Jul 17, 2015 10:19am
hayseed by any chance, do you know about some gann method? i'm still confused about squaring the time and price meaning, here is the example article : http://www.futuresmag.com/2012/04/30...alance-markets
yeah i think it's kind a conspiracy trading method, have you ever learn it? or did you believe it?


i'm gonna learn two things for sure :
1. hold longer on my "winning trade"
2. do less trade
//-----

i approached gann in a not-so-serious manner which probably did not help my fully understanding it.... there are a couple guys on the forum that at first glance appear to use it successfully....

i'm just a hayseed nothing more...... so simple, easy to see, easier to grasp, methods are needed....

there are no smoke and mirrors when the qqe crosses the 50.... no hocus pocus when the tsr changes color.... no confusing when the bbands switch sides.... we all clearly see the same thing..... i need signals that even peyton, just 6 years old, can see and trade....

to trade less there must be some flexible filter, preferably a filter with multiple components across multiple timeframes....

to hold trades longer, consider closing the trade only when an opposing signal exists or far better still, only when the 240 or 1440 zigzag leg suggests the average movement has been met.... or perhaps use a trailing stop once the average movement has been met.....

will this filter out many seemingly good trades..... absolutely....

will this close out trades seemingly too early..... absolutely.....

peyton's profit target is only 1$ a trade.... makayla's is 2$.... mckenzie's is 3$..... very small targets but they do pretty good for little girls..... a bird in the hand is worth 2 in the bush....h
to trade and code, keep both simple... no call to impress....h
  • #345
  • Jul 19, 2015 5:41am Jul 19, 2015 5:41am
Hey hayseed

thanks for the videos, your grandchildren are doing really well

I went through your trade explorers and noticed some kind of "evolution" in your trading behaviour.
In your account "2 weeks" you stayed with a position on average for 5 days, acc. "small matter" average holding time 36 hours,
acc. "oanda" average holding time 17 hours. So with time passing you are becoming more and more of a shorter term trader.
Is it because of the heavy extended eur downtrend so that the risk gets bigger for a reversal or a hard correction (eur is your most traded pair)?
Or is it just the fact that shorter timeframes give u much more opportunities as seen in the increasing number of trades u took?
Or maybe I am completely wrong

best regards

Thalaton
  • #346
  • Jul 19, 2015 5:31pm Jul 19, 2015 5:31pm
Quoting Thalaton
I went through your trade explorers and noticed some kind of "evolution" in your trading behaviour. In your account "2 weeks" you stayed with a position on average for 5 days, acc. "small matter" average holding time 36 hours, acc. "oanda" average holding time 17 hours. So with time passing you are becoming more and more of a shorter term trader.
//-----

hey thalton..... i really like your attention to the fine details.... there are several reasons for the difference in hold times...

even though it says fxcm, the two weeks explorer was my ibfx account.... both the two weeks and my etradefx accounts were standard accounts.... my standard accounts are not used for testing so all trades tend to run longer.... etradefx might run for several weeks..... so your correct, stayed with a position on average for 5 days.....

ibfx had mini accounts which offered a penny a pip trade sizes.... fxcm offers 10 cents a pip.... those accounts were used for testing ea's and such.... oddly, sometimes testing has nothing to do with making money.... many trades might be opened and closed just to assure they can be opened and closed with no focus on profit at all.... this dilutes the hold times.... while also destroying win/loss ratios and profit..... but they are testing accounts....

the oanda account's hold times are small because it had a small balance and i'm trying to ramp it up quickly with reasonable risk..... i would like to triple the account within 3 months..... many trades are being made off the lower timeframe charts which hit their targets somewhat quick.... my goal is to maintain 1% per day, this requires a lot of trades....

oanda's hold time should increase as time wears on..... your correct, just the fact that shorter timeframes give u much more opportunities as seen in the increasing number of trades u took?
//-----



why would anyone open and close trades in a live account with no regard to profit...... quality assurance.....

the other day i made a comment about having never seen a correct, by my standards, lot size based on risk formula ..... there are some generic formula's, but that thread will expose their weakness......

i'll say something similar..... concerning our fifo rule here in the states, i have never seen the correct code , by my standards, to close all trades when dozens and dozens are involved per pair placed by a wide variety of signals and methods.... by methods i'm referring to buy, sell, buylimit, buystop, selllimit, sellstop.... there are some generic closeall scripts we used for years, but with the advent of fifo they are no longer reliable.....

in one of those fxcm explorers i probably had at lest 500 trades dedicated to perfecting that code fifo alone..... and several hundred more trades trying to deal with the fxcm off quotes and negative spread issues..... those quick 'testing' trades skew both the hold times and the pips....

dealing with the fifo, off quotes and negative spread issues probably accounted for a thousand trades, costing me probably 500 dollars.... really not sure about the $ cost because it did not concern me....
//----

have high hopes for this week....h
to trade and code, keep both simple... no call to impress....h
  • #347
  • Jul 19, 2015 11:44pm Jul 19, 2015 11:44pm
"to trade less there must be some flexible filter, preferably a filter with multiple components across multiple timeframes...."

Ever considered trading hours/session as that filter that seem by nature has a multi timeframe effects?
Not for every system, but works for some, for sure
there is always, always another trade!!
  • #348
  • Jul 21, 2015 11:56pm Jul 21, 2015 11:56pm
Hi Hayseed, hope your doing well. If you can please let me know is there any way to automate our trading. where can put pending orders automatically.
  • #349
  • Jul 22, 2015 4:10am Jul 22, 2015 4:10am
Quoting IreshChathu
Hi Hayseed, hope your doing well. If you can please let me know is there any way to automate our trading. where can put pending orders automatically.
//----

hey iresh.... doing fine, hope yall are to..... we have been on vacation past few weeks while the dust around greece settled... not sure if it has..... but we are back home anyway now.... have eaten my quota of funnel cakes for the year....

we can automate almost anything.... what's on your mind....h
//-----

Quoting profitfarmer
Ever considered trading hours/session as that filter that seem by nature has a multi timeframe effects?
//----

hey profitfarmer.... yes.... both hours and sessions are good filters to limit trades.... perhaps the best aspect of using those is that it gives us some needed time off.... it's easy to burnout without it....h
to trade and code, keep both simple... no call to impress....h
  • #350
  • Jul 22, 2015 5:37am Jul 22, 2015 5:37am
been doing some research on your videos and it made my assumption right, that when you are teaching your peyton and makayla, that your PL calculation is wrong of course.when color changes..one must put long/short 2 candles from that change. is that correct rite?
//----


hey j.... you are correct.... on both points... keep in mind peyton was only 5, now 6, so she can only follow the simplest of concepts .... color changes...

the profit/loss could be less or more.... for accuracy sometimes i'll offset the color change to the entry bar.... look at the first picture below.... it has the single standard tsr... peyton would point to the color change, the red vertical line but your actual color change would be at the vertical blue line.... and the entry would be the bar following it, like you mentioned, the 2nd picture..... that's far to complicated for a 5 year old....

so i'll offset the tsr to align with correct bar... look at the 3rd picture... it has both the standard tsr and my offset tsr.... the true entry is the lime vertical line, like you mentioned.... which in this case is a far better entry..... the indicator i uploaded is not offset because it would confuse those not expecting it to be....

my goal is to give them simple color change rules ....

such as in the 4th picture, i might tell them to sell the eurcad when the 6th dot is lime with a 2 on it.... all they care about is a pair, a color and/or a number.....

some tasks such as setting targets is way beyond peyton.... makayla,9, can grasp some aspects but mckenzie,11, can usually handle things by herself....

course they need help, but then so do i.....

will upload some more videos.... we have a bunch.....h
//-----
Attached Image(s) (click to enlarge)
Click to Enlarge Name: j.png Size: 68 KB
Click to Enlarge Name: p4.png Size: 71 KB
Click to Enlarge Name: p3.png Size: 76 KB
Click to Enlarge Name: p2.png Size: 37 KB
Click to Enlarge Name: p1.png Size: 123 KB
to trade and code, keep both simple... no call to impress....h
  • #351
  • Jul 22, 2015 5:45am Jul 22, 2015 5:45am
Quoting hayseed
{quote} //---- hey iresh.... doing fine, hope yall are to..... we have been on vacation past few weeks while the dust around greece settled... not sure if it has..... but we are back home anyway now.... have eaten my quota of funnel cakes for the year.... we can automate almost anything.... what's on your mind....h //----- {quote} //---- hey profitfarmer.... yes.... both hours and sessions are good filters to limit trades.... perhaps the best aspect of using those is that it gives us some needed time off.... it's easy to burnout without it....h
Hi hayeed. Thank you very much for your response. also happy to back you home. my idea is without pending orders manually use some automate system to put orders automatically. for example. we are short in EUR/USD I wants to put next sell limit by 10pips. after open 1st sell limit I wants to put next sell limit within next 20 pips. without putting manually can I automate this.... pl explain.
  • #352
  • Jul 22, 2015 8:47am Jul 22, 2015 8:47am
Quoting hayseed
.... color changes... the profit/loss could be less or more.... for accuracy sometimes i'll offset the color change to the entry bar.... ... so i'll offset the tsr to align with correct bar... look at the 3rd picture... it has both the standard tsr and my offset tsr.... the true entry is the lime vertical line, like you mentioned.... which in this case is a far better entry..... the indicator i uploaded is not offset because it would confuse those not expecting it to be.... my goal is to give them simple color change rules .... such as in the 4th...
hey h,
well, PL definitely is remarkably different. did some extended work on several pairs and TFs.
I am a worker so no problem with the big work. but I aint a programer.
Could you share the offset version pls (only offset -1 line) and with profit calculations with lot sizes so I can continue with this work.
In your own time.


Yes, please like the insight how you are working on the videos, so ill check YT regularly if anything new.
Excellent work with your kids. I admire the effort.

thanks for support
  • #353
  • Jul 22, 2015 9:16am Jul 22, 2015 9:16am
Quoting 21vs7
Could you share the offset version pls (only offset -1 line)
//---

hey j..... absolutely.... they use both the on chart version and the separate window version.... the separate window version is to compare multiple indicators easily for confirmations....

wild hogs are takin over the south..... we shot a bigin this morning..... got to git back to the house so they can clean it.....h
//----
Attached Image(s) (click to enlarge)
Click to Enlarge Name: sep.png Size: 67 KB
Click to Enlarge Name: IMG_4574 res 2.jpg Size: 691 KB
Attached File(s)
File Type: mq4 my TSR alerts shift.mq4   7 KB | 609 downloads
File Type: ex4 my TSR alerts shift.ex4   12 KB | 488 downloads
File Type: mq4 my TSR alerts shift seperate window.mq4   7 KB | 566 downloads
File Type: ex4 my TSR alerts shift seperate window.ex4   11 KB | 469 downloads
to trade and code, keep both simple... no call to impress....h
  • #354
  • Jul 22, 2015 9:34am Jul 22, 2015 9:34am
Quoting hayseed
{quote} //--- hey j..... absolutely.... they use both the on chart version and the separate window version.... the separate window version is to compare multiple indicators easily for confirmations.... wild hogs are takin over the south..... we shot a bigin this morning..... got to git back to the house so they can clean it.....h //---- {image} {image} {file} {file} {file} {file}
thanks I appreciate- ill be back

Man, i miss countryside some days.. u have nice family there. all joy and health to you and your family.
pigzz you say?! sausages from wild pig are common in my country. good stuff
  • #355
  • Jul 22, 2015 10:25am Jul 22, 2015 10:25am
hi i have been trading for now five years
//---

hey nj.... seems like i have glanced over the thread you mentioned but not more so really not familiar with it....

what helps me is to trade small but trade with a purpose.... there must be multiple reasons and those must be balanced against the risks........

such as in the chart below, the purpose/reasons for shorting would be,

1. qqe crossing 50 with no companion zigzag...
2. tsr color change....
3. bbands change....
4. alma in downtrend already....
5. below the daily pivot....
and such....

next list the reasons not to trade....

1. extended daily downtrend....
2. at support r1...
3. rbnz 4pm cash rate and statement today....

there must be multiple reasons to trade and which must far outweigh the reasons not to.... trade small positions..... resist if at all possible trading against the daily or 240 trend..... there is nothing wrong with doubling your account using 0.01 size lots.....h
//-----
Attached Image (click to enlarge)
Click to Enlarge Name: nj.png Size: 202 KB
to trade and code, keep both simple... no call to impress....h
  • #356
  • Jul 22, 2015 11:16am Jul 22, 2015 11:16am
Rear-ended by a hog! best get them tail lights seen to H
  • #357
  • Jul 24, 2015 4:14am Jul 24, 2015 4:14am
Quoting Squiggles
best get them tail lights seen to H
//----

hey squiggles..... that's number 27 on the girls to-do list..... replacing them with brinkman q-beams..... 3 million watt backup strobe lights..... just in case the game warden gits after us at night, we can blind'em....h
//-----


new explorer, '20 trades', is hardly worth mentioning, but someone asked..... it's just my way of saying something without saying something...........

will move with glacial speeds..... trades should be known well in advance....

odds of success should be around 1 in 51200..........h
//----
Attached Image(s) (click to enlarge)
Click to Enlarge Name: r to r.png Size: 225 KB
Click to Enlarge Name: r to r 2.png Size: 58 KB
to trade and code, keep both simple... no call to impress....h
  • #358
  • Jul 31, 2015 12:44pm Jul 31, 2015 12:44pm
just noticed my explorer has not synced in a while.... must have to do with windows 10 upgrade.... had to re download platform, possibly effecting investor password... will check it out later...

floating the buffalo river with the rug rats now.... h
to trade and code, keep both simple... no call to impress....h
  • #359
  • Jul 31, 2015 12:57pm Jul 31, 2015 12:57pm
Quoting hayseed
just noticed my explorer has not synced in a while.... must have to do with windows 10 upgrade.... had to re download platform, possibly effecting investor password... will check it out later... floating the buffalo river with the rug rats now.... h

The Buffalo river sounds cool.. make sure the girls work those fishing rods to catch dinner .. lemon, fresh herbs and a bbq do wonders with fish..

Have a good one h..
Memories caught in time but never forgotten
  • #360
  • Jul 31, 2015 4:05pm Jul 31, 2015 4:05pm
Quoting j4d
The Buffalo river sounds cool.. make sure the girls work those fishing rods to catch dinner ..
//----

hey j... it is.... no fishin poles this trip though, just red bellys and cheeks.... if your laying on the beach down in pensacola the sun is obvious... the water in the buffalo is cool to cold, for some reason that same sun sneaks up on ya.....h

//-----

could not get the investor password to work so just deleted the explorer then remade it... should be back on line now.....

ever so often someone with seemingly genuine interest will ask the wrong question.... they will almost instantly be pounced on by the question police who trash and thrash them to internet death..... funny thing is, i've often been wonderin that very same question for years.....

one such is could a person live solely off forex trading.... the companions usually are , how much could you make a month and what account balance would be needed....

answering those questions might easier than providing proof....

in my mind, the answer to question one is , 'yes'.... answer to question two would be an average 10% a month but non-compounding.... answer to three would vary widely person to person, but a rough guess would be 100k.... that would give you around 10k a month where taxes and expenses would take half, leaving you with 5k a month.... most could live on that....

talk is cheap.... so let's just see....

original balance was 3k..... beginning next month i'll make monthly withdrawals.... +/- 10%.....h
to trade and code, keep both simple... no call to impress....h
0 traders viewing now