"Golden Arches" Project

Dart_target.gif
ENTRY SHORT ("AVERAGE IN/DOWN")
Entry: NZD/USD Long

Trade Decision Criteria met: 4 hr. Demarker nearing the major 0.05 breach with a daily CR in agreement.

Confidence: 2.5 (0-5 scale)

Spread: 4 PIPS

Price Entered & Executed: 0.6818 (avg= 0.6882, improved from 0.6943) Short 05:03 (mst)

Target: 0.6883 (looking for 1 PIP from the avg trade price of 0.6882 now established with this second entry)

Units: 28,871-total units now 58,781 (second entry at 3.551% of max units available, according to current basket NAV at a max of 50:1 leverage)

Stop: not yet

Interest Differential: Positive

Open Trades & Statistics:
58,871 units of NZD/USD Long @ 0.6882 avg. trade price.
30,925 units of EUR/GBP Short @ 0.6632 avg. trade price.
UPL = -$665.42, -5.68%
7.3:1 leverage
Balance Banked: $11,713.79. Gain= $503.83, +4.40% ROI
12 days of tracking.
Note: Deposits and withdrawals can take place which does not effect the gain reported, other than trade size and interest earned.

COMMENTARY: Welcome to "Golden Arches". This is a test. Please stay tuned for the new thread 02/13/07.

I wanted to improve avg. trade price and increase the carry over the weekend, with this positive differential and the favorable Daily CR. The trade is scheduled at a "get out" target of 1 pip. Next week a Hedge, will be considered if the trade remains open, to get the time needed for the magnetic affect that only a "golden arch", may bring..

 
re: cr indicator
Hey guys
Attached is the revised cr indicator (cr_v1d) as previously discussed. Maybe in future we could keep the indicator filename constant and change only the contents+header...just a thought.

For my own risk management planning, I will compile some stats on each pair to determine what percentage of time do prices stay inside the inner yellow channel (-38.2 to +38.2).

Cheers from Melbourne, Australia
 

Attachments

Ah yes..."zoning the arch"...

Please share if you can....this would save a lot of time..

Michael B.

P.S. Your work is all downloaded in MT4 and saved on the flash memory as it represents what I will be offering as the download in the intro to the new thread, with yuor permission naturally.

Michael B.

For my own risk management planning, I will compile some stats on each pair to determine what percentage of time do prices stay inside the inner yellow channel (-38.2 to +38.2).
 
Dart_target.gif
ENTRY LONG
Entry: USD/HKD Long
Trade Decision Criteria met: CR 4hr at -38.2 band in a long arch. Daily CR= Long. Both arches strong and time left. No DeMarker sig in either the 4hr. or the daily.
Confidence: 3.0 (0-5 scale)
Spread: 5 PIPS
Price Entered & Executed: 7.8136 Long 10:12 (mst)
Target: (looking for 28 PIPS) 7.8164 (2*4hr. ATR + optimal rounding)
Units: 9,957 (one entry at 3.551% of max units available, according to current basket NAV at a max of 25:1 leverage)
Stop: This serves as a partial hedge to NZD/USD.
Interest Differential: Positive

Open Trades & Statistics:
58,781 units of NZD/USD Long @ 0.6882 avg. trade price.
30,925 units of EUR/GBP Short @ 0.6632 avg. trade price.
9,957 units of USD/HKD Long @ 7.8136
UPL = -$497.38, -4.25%
8.2:1 leverage
Balance Banked: $11,713.79. Gain= $503.83, +4.40% ROI
12 days of tracking.
Note: Deposits and withdrawals can take place which does not effect the gain reported, other than trade size and interest earned.

COMMENTARY: Welcome to "Golden Arches". This is a test. Please stay tuned for the new thread 02/13/07.

This weekend trade served many purposes. First, it introduces the beginning to a partial hedge to the Long NZD/USD. Second, it had a lower band signal in the 4 hr CR in the correct direction (it has a recent history of "band respect"). Thirdly, it has a positive interest differential for some weekend income. I am nearing my 10:1 leverage max and start to get uncomfortable at anything above it, but I can go above it on average in's, next week...we shall see.
 
Quote from fifo:

yeah, I had a DEMO short on EURAUD and a DEMO long AUDJPY. Just learning the ins and outs and language of Fx trading. Best way to do it is jump in. MT4 is really nice and if I could get a reputable broker attached to MT4, I'm in.
More...


Most MT4 brokers are really bad. The best I've seen if you are wanting to execute trades through MT4 is www.UGMFX.com

Good Luck everyone!


Edit: I beleive they are registed with NFA and CFTC, and their swap/rollover is about as fair as I have seen in the retail area.

I have attached a screen shot of their rollover rates for today.
 
Quote from mmccormac:

Most MT4 brokers are really bad. The best I've seen if you are wanting to execute trades through MT4 is www.UGMFX.com

Good Luck everyone!


Edit: I beleive they are registed with NFA and CFTC, and their swap/rollover is about as fair as I have seen in the retail area.

I have attached a screen shot of their rollover rates for today.
More...
 

Attachments

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