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Discovering An Edge

  • #681
  • Jul 15, 2015 9:12am Jul 15, 2015 9:12am
Quoting vlady1974
{quote} All closed (stopped out). I kept moving the stops to recent swing lows UJ +29.4 GJ +7.7 Total for day +372.7 Currently flat. I think I'm done for the day. A couple of not-so-good entries there. I will have to analyse those out and see what mistakes I can reduce.
Have to revise these totals as I double counted.
Total for Day = 249.7 pips

I will be very happy if I keep this consistent for another 2 weeks.... and beyond!
A pip is only worth it if you know how much you risked to earn it
  • #682
  • Jul 15, 2015 9:26am Jul 15, 2015 9:26am
It's interesting reading the commentary on the EURUSD thread and comparing it to price. If the swing bottom forming now actually confirms, then we have a misprice @ 10964 that will definitely be revisited. This implies another long contratrend/rebound, which I would favour as I would short the shite out of it. My magic number is 11058.

Edit:
Looking at the ZZBB swings, we can see some skipped sequences (misprices with purple dots... except 2!) which have been returned to... but I would look at these levels as they are obviously prices where Demand/Supply really need to get full resolution

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-1H.JPG Size: 262 KB
A pip is only worth it if you know how much you risked to earn it
  • #683
  • Jul 15, 2015 10:27am Jul 15, 2015 10:27am
L audcad .95357
  • #684
  • Jul 15, 2015 10:38am Jul 15, 2015 10:38am
Still here at work. Bored.

So I've tested a trade setup I usually look for on Daily/4H on 5M for EURUSD.
Long EURUSD @ 10933.6, target open, SL -6

Edit: SL to +2, risk free experiment.
A pip is only worth it if you know how much you risked to earn it
  • #685
  • Jul 15, 2015 10:39am Jul 15, 2015 10:39am
Quoting panamamike
L audcad .95357
That's actually a very lovely setup 4H, 1H, 15M and 5M!!

Edit: I'm gonna wait for the lower close outside of Bollinger or perhaps an EMA bounce off 5M tf and then join you.
A pip is only worth it if you know how much you risked to earn it
  • #686
  • Jul 15, 2015 10:53am Jul 15, 2015 10:53am
Quoting vlady1974
{quote} That's actually a very lovely setup 4H, 1H, 15M and 5M!! Edit: I'm gonna wait for the lower close outside of Bollinger or perhaps an EMA bounce off 5M tf and then join you.
Which MAs do u look at? I have my board set up to reflect candle opens by TF.
  • #687
  • Jul 15, 2015 10:54am Jul 15, 2015 10:54am
Quoting vlady1974
Still here at work. Bored. So I've tested a trade setup I usually look for on Daily/4H on 5M for EURUSD. Long EURUSD @ 10933.6, target open, SL -6 Edit: SL to +2, risk free experiment.
I don't normally do this (ie. bottom/top picking) with my existing strategies. But this one I've come across just happened to work out:

a) Uses divergence as a trigger
b) Uses 3 candles to indicate trade setup
c) I added a 3rd which is to use lower timeframe for entry

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-15M.JPG Size: 219 KB
A pip is only worth it if you know how much you risked to earn it
  • #688
  • Jul 15, 2015 11:03am Jul 15, 2015 11:03am
L GU 1.5647
  • #689
  • Jul 15, 2015 11:16am Jul 15, 2015 11:16am
Quoting panamamike
{quote} Which MAs do u look at? I have my board set up to reflect candle opens by TF.
I've got 5, left to right:

1st (Left) : Time Equivalents (similar to yours)
2nd : 18EMA across all tf
3rd : 50EMA across all tf
4th : 100EMA across all tf
5th : 200EMA across all tf

tfs: 5M, 15M, 1H, 4H, 1D

Time Equivalents for 1st Dash
1M, 60EMA
5M, 24EMA
15M, 16EMA
1H, 24EMA
1D, 28EMA
A pip is only worth it if you know how much you risked to earn it
  • #690
  • Jul 15, 2015 11:18am Jul 15, 2015 11:18am
Quoting vlady1974
{quote} I've got 5, left to right: 1st (Left) : Time Equivalents (similar to yours) 2nd : 18EMA across all tf 3rd : 50EMA across all tf 4th : 100EMA across all tf 5th : 200EMA across all tf tfs: 5M, 15M, 1H, 4H, 1D Time Equivalents for 1st Dash 1M, 60EMA 5M, 24EMA 15M, 16EMA 1H, 24EMA 1D, 28EMA
can you post a screen shot when you are able?
  • #691
  • Jul 15, 2015 11:19am Jul 15, 2015 11:19am
L ECAD 1.4165
never mind....you have 5 different instances running. Gotcha.
  • #692
  • Jul 15, 2015 11:24am Jul 15, 2015 11:24am
Quoting panamamike
L ECAD 1.4165 never mind....you have 5 different instances running. Gotcha.
Yes, and I've got them set to Close not Open. I think that was force of habit. I will switch it tonight to Open and see if it's any different - I don't think it will.
A pip is only worth it if you know how much you risked to earn it
  • #693
  • Jul 15, 2015 2:31pm Jul 15, 2015 2:31pm
Quoting panamamike
{quote} Very nice.....very risky as well.
Yeah, risky but they couldn't have raised rates. It was a win win situation. Even if they didn't cut rates it was a win win situation.
  • #694
  • Jul 15, 2015 2:51pm Jul 15, 2015 2:51pm
Quoting ephisi
{quote} Yeah, risky but they couldn't have raised rates. It was a win win situation. Even if they didn't cut rates it was a win win situation.
Well Done mate on your CAD Trades!!! I was a bit late to the party, and didn't want to hold any overnight Trades...
Because of that Cut, CAD Currency is going to get weaker in the next few weeks....I have found out that the Economy is
not that good, so brace yourself for more upside Move in the Future, and keep your eyes open on US Hike rate and Oil Price Volatility.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #695
  • Jul 15, 2015 3:06pm Jul 15, 2015 3:06pm

Quoting OctaveJay509
{quote} Well Done mate on your CAD Trades!!! I was a bit late to the party, and didn't want to hold any overnight Trades... Because of that Cut, CAD Currency is going to get weaker in the next few weeks....I have found out that the Economy is not that good, so brace yourself for more upside Move in the Future, and keep your eyes open on US Hike rate and Oil Price Volatility.
Â
A pip is only worth it if you know how much you risked to earn it
  • #696
  • Jul 15, 2015 5:46pm Jul 15, 2015 5:46pm
long Gcad 2.0217
first T +25...second T 10 d ATR high 2.0395
  • #697
  • Jul 15, 2015 7:24pm Jul 15, 2015 7:24pm
Quoting OctaveJay509
{quote} Well Done mate on your CAD Trades!!! I was a bit late to the party, and didn't want to hold any overnight Trades... Because of that Cut, CAD Currency is going to get weaker in the next few weeks....I have found out that the Economy is not that good, so brace yourself for more upside Move in the Future, and keep your eyes open on US Hike rate and Oil Price Volatility.
You are right Jay. I had looked at the cad economy and saw that it was getting worse. That's why I said even if they didn't cut rates the down move wouldn't have been much bearing in mind recent streams of bad cad mind. I will also be looking to reenter cad trades versus strong currencies on the pullback.
  • #698
  • Jul 15, 2015 7:57pm Jul 15, 2015 7:57pm
Quoting Albertdkpllh
Hi Vlady, Could you please take a look at this. When the price hit the upper boundary of the bollinger I expected the zigzag leg, there was non. Is a continuation of the trend down highly probable? {image}
50 SL 120 TP. Thats how i finally decided.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH1.png Size: 74 KB
My help is in the name of the Lord who made heaven and earth.
  • #699
  • Jul 15, 2015 9:14pm Jul 15, 2015 9:14pm
Interesting strategy. I love the concept of the MACD and the moving averages you use.
Most of all, I like the profit you're making. Awesome stuff.
  • #700
  • Jul 15, 2015 11:41pm Jul 15, 2015 11:41pm
Quoting Albertdkpllh
{quote} 50 SL 120 TP. Thats how i finally decided. {image}
I would agree with you.
Also, look at my post 687. You have the same on your chart. Try and find it.
A pip is only worth it if you know how much you risked to earn it
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