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You are correct. I didnt wait for a confirmation of the level - playing a rejection.

True - I had 2 separate levels - I hit both with a .20 stop - one stopped out and the other is working now ... I figured only way to learn is to use various entries and see what works .. Using extended session versus Pit for the ATRs produces different values - small difference but larger than...

93.75 Entry on CL ... on the money

Happy New Year to all ... and Thanks for the continuing education and support ...

For a more concrete example, if I get a confirm on Gold, but actually want to trade XAU/JPY (gold in Yen terms), do you do a NL for the actual cross you are trading or use both NL (Gold and Yen) to control entry or just Gold NL ...

Mav, Do you do NL for the underlying, and trade a derivative ? Eg, you got a confirm on HO, but trade the heating oil crack spread ?

Merry Christmas to everyone. Mav - thanks for the education. Doing NLs is work - but I can see the value and it will pay off in the long run. At least I am freeing myself from the tyranny of emotional entry/exit/stop decisions ..

Mav, For GC here are my results: All of them used a 24 hr session - because gold trades around the world like a currency - thats my justification. Did the NL for each , from Dec 2 to Dec 23 (Monthly reset NL) 0720:0725 OR NL -6 0715:0815 OR NL -4 Comex Pit open 1HR 0300:0400 OR...

For GC - I will use London Open and 24 hr session for one , what would you suggest for the second one and I will do a Monthly NL - from the first day of December.

Mav, Will try to do GC with different OR and check NL for both. On EUR/USD - I got a >9NL on the 30day around Dec. 5th or so. My currency lines are new ... as you know am trying to figure out OR and session duration etc, so they could be completely off.

/GC bouncing off Monthly Adn (late in month, and NL is bad) and bounced off daily ADn (at least on my lines ...) Mav - using London Open for Gold (treating it basically like a currency from Session open and session length perspective) does that make sense ? I am using a different OR period...

Mav, Read it - very interested. But I have no idea - other than to follow NLs and short the JPY using every pair that confirms ... I can also understand the Long Gold/Short JPY pair. I dont understand anything about bonds, convexity and how he has structured a trade that allows him to...

CAD/JPY looking to make target

BT3 - The OR would start at whatever you specify as OpenTime, and would last 15 or 30 minutes (depending on what you set as your OR Period). If you want any other OR period - you can tweak the code a bit to get that.

A small widget for the board ... A TOS study - for Daily ACD (works well for Forex now). Please rename the file to have a .ts extension instead of .txt and you can import that into TOS. The one I gave out previously does'nt work well on sessions that cross the midnight boundary. This new...

EUR/AUD just launched a candle

Mav, Thanks for the reply. I have noticed since you started calling things out - that Forex hit ACD lines much nicer that stocks ever did. Also - none of that Billionaire manipulation going on ... I use currency futures - because my broker would'nt let me open a forex account - period...

Mav, A newbie question. I have been looking into currencies for all the reasons you have mentioned above. So far I have only traded them using currency futures at TDAmeritrade .. (long story why ...) either stand alone or as a pair trade (sometimes to hedge market equity positions). I...

Anyone see the VIX testing Aup on the Monthly at 15.5 ?

Anyone see the VIX close to piercing the Aup on the Monthly at 15.5 ?