Become the casino
- #7,743
- Aug 21, 2015 9:36am Aug 21, 2015 9:36am
- | Joined Nov 2012 | Status: Trader | 3,121 Posts
Become the casino
- #7,745
- Aug 21, 2015 10:10am Aug 21, 2015 10:10am
- | Joined Nov 2012 | Status: Trader | 3,121 Posts
Become the casino
- #7,751
- Aug 21, 2015 4:06pm Aug 21, 2015 4:06pm
- | Joined Nov 2012 | Status: Trader | 3,121 Posts
been looking at what price does once we're in the trade ... so we enter then in most cases get an initial thrust, then price retraces a bit then another thrust etc. Have come up with the following table from 7th to 21st may 2015:
check out the trades highlighted in bold: based on this SMALL sample all we need is an initial sl of 13 ticks which we revise to be+1 after 20 ticks with tp at 45 ticks. Trade is exited if an opposing signal comes in. This gives 12 wins, 9 losses and 3 b/e's for 423 ticks over this period:
1 win wipes out over 3 losses and there are more wins than losses
check out the trades highlighted in bold: based on this SMALL sample all we need is an initial sl of 13 ticks which we revise to be+1 after 20 ticks with tp at 45 ticks. Trade is exited if an opposing signal comes in. This gives 12 wins, 9 losses and 3 b/e's for 423 ticks over this period:
1 win wipes out over 3 losses and there are more wins than losses
Become the casino
Hi All,
After countless hours of back testing and forward testing I am not 100% sure if my understanding is correct. Please forgive this big post with pictures - I will delete it if it causes confusion or does not contribute. Please advice if below is correct if you have a moment.
IF market is in a 40 Pip/Tick range then wait for High or Low to be taken out -
IF market up between 00:00 NYC and 0830 NYC - THEN -
look for 2b or 123 to get back in trend
in uptrend -
123 is
TREND - HH HL HH HL
Followed by LH - LL - LH - NOT LL - enter at recent LH
2B is
TREND - HH HL HH
Followed by
- LL - Enter at last HH
if at top of market i.e we have made high for the day -
We only trade the hat as reversal.
In uptrend -
HL - HH - HL - HH - HL
Followed by
NOT HH - Enter short at last HL
OR
uptrend
HL - HH - HL - HH
Followed by
LH - NOT HH - Enter short at last HL
if in an uptrend and low gets taken out we are now in a dowtrend
On a final note - I have seen the below trade on a few posts but unsure if what I understand from it is valid and if so then which pattern does it fall under.
Thank you very much,
J
After countless hours of back testing and forward testing I am not 100% sure if my understanding is correct. Please forgive this big post with pictures - I will delete it if it causes confusion or does not contribute. Please advice if below is correct if you have a moment.
IF market is in a 40 Pip/Tick range then wait for High or Low to be taken out -
IF market up between 00:00 NYC and 0830 NYC - THEN -
look for 2b or 123 to get back in trend
in uptrend -
123 is
TREND - HH HL HH HL
Followed by LH - LL - LH - NOT LL - enter at recent LH
2B is
TREND - HH HL HH
Followed by
- LL - Enter at last HH
if at top of market i.e we have made high for the day -
We only trade the hat as reversal.
In uptrend -
HL - HH - HL - HH - HL
Followed by
NOT HH - Enter short at last HL
OR
uptrend
HL - HH - HL - HH
Followed by
LH - NOT HH - Enter short at last HL
if in an uptrend and low gets taken out we are now in a dowtrend
On a final note - I have seen the below trade on a few posts but unsure if what I understand from it is valid and if so then which pattern does it fall under.
Thank you very much,
J