"Golden Arches" Project

just got an awesome sig in CAD/JPY went short 1 mini...

secondary was the 60M CR...

lookin' for 28 pips on this one...(2*secondary CR with a 21 period ATR rounded to a 1)

Michael B.
 
somebody asked me why I wasn't adding to the postion EUR/AUD?

Well wouldn't that be adding to a losing position? and I am already uncomfortably exposed .

The only thing keeping me in it is the arch on the daily CR.

The NFP is Friday...If it would go down a little I could take off half perhaps.

I still get strong support at each drop...it is not looking good...

Michael B.
 
ES, since I am already profitable this morning I have the time to take a look at your entry on my systems. Could you post the time, price and size of your entry on the euraud? I would like to see if I can tell you where the weakness in the entry was.

If I find that certain levels and volumes are discernable without the proprietary stuff I use, I will share it here later today. I thought I had something worked our for MT4 but, in going back to review the 50% I had finished, it really was not reliable at that point.

The Ever Trying To Help VIPER
 
TV,

Both of my trades last night hit their targets. (the short CAD/JPY exited with it's 28 PIPS in 4 hrs and 12 minutes, while I was sleeping)

As I explained I did NOT follow the method with the EUR/AUD trades on 01/18/07 at 07:49 est with 1.6405 and on 01/22/07 at 11:12 est with 1.6411 and entered off the daily CR only without any regard to the secondary or the Demarker. I thought the the CR was invincible after nearly one hundred trades without a loss over 3.5 mo's and the Daily CR on the EUR/AUD was virgin...(but observe no matter where the entries were made it would have not mattered...the reaction to the news was steep and swift and I was not at my computer during the swift run up...plus would FXCM have filled me on an emergency bail out?...I doubt it. I am not a news trader)

The reason for this DD is for the exposure I used, compared to my equity...I entered twice with 60 units which has nothing to do with this method. Since I am not publishing yet, I took a side trade, thinking I could bump up the equity ...

Please note anything that you share must be transparent and anything that you share that is proprietary, I will teach and share...sorry...and maybe its my loss...but I have committed myself to this project.

I appreciate any help that you are willing to give and I am willing to learn. But there are several others here needing a stop and a MARKET-BASED methodology. I believe in the CR and the stop should be very loose in my opinion. Being that the targets are only 2* secondary CR with a 21Period ATR rounded to the nearest 1, 4, 6, or 9 the stop will be upside down, compared to the benefit going after...some will not be able to trade that way...but the winrate is high enough to grab some profit out of the trend...especially when entering off the various Demarker timeframes.

Michael B.

Quote from TradeViper:

ES, since I am already profitable this morning I have the time to take a look at your entry on my systems. Could you post the time, price and size of your entry on the euraud? I would like to see if I can tell you where the weakness in the entry was.

If I find that certain levels and volumes are discernable without the proprietary stuff I use, I will share it here later today. I thought I had something worked our for MT4 but, in going back to review the 50% I had finished, it really was not reliable at that point.

The Ever Trying To Help VIPER
More...
 
Thanks, don't worry about the Prop stuff, I am just looking for something generic to share. Also I am not suggesting a change in strategy, just a few more tools that might help in refining the entry and also defining the risk.

The Ever Strategic VIPER
 
The last thing I need is to get you mad at me too! Sometimes ET can be real Anal, but its my home as long as they will have me...


Quote from TradeViper:

Thanks, don't worry about the Prop stuff, I am just looking for something generic to share. Also I am not suggesting a change in strategy, just a few more tools that might help in refining the entry and also defining the risk.

The Ever Strategic VIPER
More...
 
TV...try to get a neutral base line, based on the CR...or the secondary CR, if you can...or maybe not...maybe an independent measure is what you prefer, to add to confirmation and evaluating, "if the trade makes sense"....

walterjennings suggested comparing PRICE to the polynomial
(you might put your trading experience together with his math expertise)

For now I continue to trade without stops BUT with the correct exposure. If I get market based stops, I will feel much more comfy stepping up the leverage again...



Quote from ElectricSavant:

The last thing I need is to get you mad at me too! Sometimes ET can be real Anal, but its my home as long as they will have me...
More...
 
ES, no prob. I think you hit the the nail on the head, an independant set of indicators to confirm or bolster the signals generated by the base system, kind of like a "grand alignment of the planets".

The Ever Aligned VIPER

Builder of the keep ES bandwagon
 
Ha, give me something harder. Ok all you programmers who want to trade, this is what is needed. On the mt4 platform find the following.

1. Previous weeks high and low
2. Previous weeks support and resistance

This needs to be put on a daily chart

Anything generic will do, I have added some tweaks to mine which makes them more robust, but the generics will serve well.

ES, both of the shorts were taken too close to weekly lows and support levels for what I would consider long term trades, (1-several days), you mentioned there seemed to be support at a certain level, well the generic weekly support around the 18th was at 1.6405, and on the 22 the previous week low was 1.6403, with a support level at 1.6353.

So if one of the Doctors of DOS, Gurus of Glitch, Xifus of Cyberspace could come up with something along these lines I think it would help confirm entries.

The Ever leveling Out VIPER
 
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