"Golden Arches" Project

Folks,


To summarize. You can make money in Forex. I am illustrating what I feel an approach with valid technical fundamentals.

A method that identifies a longer trend and the dip in the long or the rise in the short...can be used to augment your CURRENT TRADING METHOD...

The arch's are here to stay and I hope you find them as enjoyable to use as I....

I am very appreciative of this project and the contributors here...and over the months of labor, I feel that these anonymous posters that I have never met...are friends. Traders should help one another and yes it is an individual, independent journey of a ruthless profit making focus.

I hope before I die, someone may believe that there are traders willing to share & discuss methods between one another. I would like to leave, what I believe to be what really matters, behind. Corny aint it?

I have no doubts as to trends being identified accurately with the arch's and am fascinated at the many ways to use that info...that's all...

Let EliteTrader be your blackboard in the classroom, with instruction, challenges & debate, that only the markets can present.

ElectricSavant

P.S. If I use some of this info and make some money...ok great...but if I do not spend it...what good would it be? If I lose the 14k ...so what? I have a full time job and will still work towards my retirement goals. In other words, I am buying risk and that is how I choose to spend some of my money...I have managed to support my family for 20 years with one income and I have started the savings towards my retirement. I live a frugal lifestyle and drive & live very conservative with very conservative asset holdings...but after reading about the average American family economy..I realize that owing little money and surviving all of this time....well....let's me just say, I have not done everything wrong. denial? no..could I have done better? Yes.
 
Dart_target.gif
"ENTERED LONG"
Code: 
TIME    4%                        CONFI                          #of    INT
[U](MST)[/U]   [U]UNITS[/U]   [U]PAIR[/U]     [U]ACTION[/U]   [u]DENCE[/u]  [U]SPREAD[/U]  [U]PRICE[/U]   [U]TP[/U]      [U]PIPS[/U]   [U]DIFF[/U]
20:12   33,336  CHF/JPY  Long     3.5    3 PIPS  96.71   97.34   63     Positive
Stop: not yet
Trade Decision Criteria met: Daily & 4Hr. CR in agreement w/4hr Demarker dotted line long sig.

Open Trades & Statistics:
Code: 
[u]# of UNITS[/u]    [u]PAIR[/u]       [u]Direction[/u]    [u]PRICE[/u]         [u]TP[/u]        [u]# of PIPS[/u]
33,336        CHF/JPY    Long         96.71         97.34     63
30,925        EUR/GBP    Short        0.6632 avg.   0.6631    1
23,673        USD/HKD    Long         7.8110 avg.   7.8136    26
Code: 
Balance                        # of DAYS                         Open
Banked        Gain      ROI %   TRACKED     UPL         DD       Leverage
                       
[color=blue]$14,099.68    $654.45   +4.85   18[/color]          [color=red]-$600.70    -4.26%   6.8 :1[/color]
COMMENTARY: Welcome to "Golden Arches". This is a test. Please stay tuned for the trades to be illustrated in the "Golden Arch's" trading alerts thread after 02/13/07, or as soon as I get flat in these open trades.

I added this trade, here in this thread, as I can use it to offset the loss in EUR/GBP & perhaps get flat.

Friday 2/16/07 cst (Forecast/Previous):
Code: 
1:00am  EUR German CPI m/m (r)    -0.2% -0.2%   
1:45am  EUR French Nonfarm Employment Change q/q    0.2% 0.2%   
2:15am  CHF Retail Sales y/y    2.5% 3.3%   
4:00am  EUR Trade Balance    3.2B 4.5B   
7:30am  USD PPI m/m    -0.6% 0.9%   
7:30am  USD Core PPI m/m    0.2% 0.2%   
7:30am  USD Housing Starts    1.61M 1.64M   
7:30am  USD Building Permits    1.59M 1.61M   
9:00am  USD Consumer Sentiment (p)    96.5 96.9
 
Dart_target.gif
"AVERAGED IN/UP"
Code: 
TIME   4%                       CONFI                            #of   INT
[U](MST)[/U]  [U]UNITS[/U]   [U]PAIR[/U]     [U]ACTION[/U]  [u]DENCE[/u]  [U]SPREAD[/U]    [U]PRICE[/U]   [U]TP[/U]      [U]PIPS[/U]  [U]DIFF[/U]
04:24  20,488  EUR/GBP  Short   3      1.5 PIPS  0.6730  0.6671  1     Positive
Stop: not yet
Trade Decision Criteria met: 4Hr. Demarker & Daily CR.

Open Trades & Statistics:
Code: 
[u]# of UNITS[/u]  [u]PAIR[/u]      [u]Direction[/u]   [u]PRICE[/u]        [u]TP[/u]       [u]# of PIPS[/u]
33,336      CHF/JPY   Long        96.71        97.34    63
51,413      EUR/GBP   Short       0.6671 avg.  0.6670   1
23,673      USD/HKD   Long        7.8110 avg.  7.8136   26
Code: 
Balance                        # of DAYS                         Open
Banked        Gain      ROI %   TRACKED     UPL         DD       Leverage
                       
[color=blue]$14,099.68    $654.45   +4.85   19[/color]          [color=red]-$669.76    -4.75%   8.8 :1[/color]
COMMENTARY: Welcome to "Golden Arches". This is a test. Please stay tuned for the trades to be illustrated in the "Golden Arch's" trading alerts thread after 02/13/07, or as soon as I get flat in these open trades.

The inverse GBP/CHF is signalling long in the 4Hr. Demarker and the Daily CR is long from the low fib line. Caution: The GBP/CHF-EUR/GBP correlation relationship is not always perfect, thus the trade confidence of 3.


Friday 2/16/07 cst (Forecast/Previous):
Code: 
7:30am  USD PPI m/m    -0.6% 0.9%   
7:30am  USD Core PPI m/m    0.2% 0.2%   
7:30am  USD Housing Starts    1.61M 1.64M   
7:30am  USD Building Permits    1.59M 1.61M   
9:00am  USD Consumer Sentiment (p)    96.5 96.9
 
Excuse me for quoting myself.

rjb a simple toggle for on and off for "to anchor or not to anchor", could be easier...

There are 2-14 days segments representing the open trade time that I need to shut it off during.

Shorter timeframes will be affected, greater with this option.

Michael B.


Quote from ElectricSavant:

rjb,

I again, need to ask for your help. You are very kind and I really, really appreciate your expertise in this method & MT4.

I need to be able to anchor the arch....I like the 299 day setting and I need to lock it at the time I enter...I can not have this rolling after I get in the trade. I need a user friendly field in the input tab that I can lock 299 days back..By entering in todays date it would start the bands 299 periods back...If there is not date and time in the field or an "x"...then they would roll...also I click through periodicity buttons and this would need to quickly adjust according to the period locked (if locked) minus 299 periods back...


Can this be done? and please think this through, we need those statistics also, as they are very important. both in the rolling and the anchored...The longer a trade is ...the longer the sample size of the statistics are...

I would use the "rolling" for entries and the "locked" for managment.

Michael B.

P.S. You can understand that if the arch's roll after I lock in a trade...the deviations and regression becomes less efficient...even the high and low bands lose historical significance.

See late edits
More...
 
I copied this post from another thread here in ET


http://www.elitetrader.com/vb/newreply.php?s=&action=newreply&postid=1364606


Quote from Spectre2007:

The principle of 'the markets stop-loss'. Most people place stop loss related to their account not the market. 1% stop loss on account means something totally different then 1% stop loss on price.

The market gyrations with the trend imply a 'market stop-loss', if the cyclical waves are 30 points on average, with deviations from this average being minimal. Then you have found the 'markets stop-loss', if deviations exceed the average, then the market is doing something that it hasnt in the past, and a trend reversal may be upon us.

That is the principle of 'market stop-loss', where the market itself implies what it takes to alter its course. Once you have the market stop-loss then you work backwards to figure out what you can trade in relation to account size.
More...
 
Hey ES
Attached is revised CR_v1d indicator which includes the ability to fix the curve start date.
If you require the start date which is used for curve generation to remain fixed and NOT default to 299 bars back from the current bar... then place a Horizontal Line (not a trendline) anywhere on the chart and set the horizontal line color to DarkOrange.
Typically you could place the horizontal line on the target price.
Cheers
 

Attachments

Ok I drew a horizontal line and colored it darkorange (i used the line menu button at the top of my charts....but I do not get any new arches?
What does the horizontal line do? Did you mean a vertical line?
Is there an order I should follow?

Can you guys get this this work? do you have "draw object as background box" checked?

Does the drawing of the line merely turn on anchoring/ if it is this easy...well then i am stupid and am trying to make this more difficult than it is...Let me test this with a one minute chart..brb...



Quote from rjb1024:

Hey ES
Attached is revised CR_v1d indicator which includes the ability to fix the curve start date.
If you require the start date which is used for curve generation to remain fixed and NOT default to 299 bars back from the current bar... then place a Horizontal Line (not a trendline) anywhere on the chart and set the horizontal line color to DarkOrange.
Typically you could place the horizontal line on the target price.
Cheers
More...
 
Damn it rjb...oyu did it again...brilliant!

I can't even spell right anymore

guys just the "act" of drawing a dark orange line sets thisi in motion...

I wonder if another color line is separated from this? Let me check brb
 
damn dude rxnowrfro[ijgqg1]4f4[p2o

the dark orange line sets this in motion...

dfsE[RF56867-=Q234)(*&^%$


sO YOU CAN USE OTHER COLOR HORIZONTAL LINES WITHOUT ANCHORING THE cr

Awfdlhweuig4)(*&^

Cant type now cya and thanks...

genius that rjb...daaaaaamnnnn
 
I now must calm down and yield...this system has been created by the wonderful participants here...I am only the writer now...

I enjoy trading and writing and am completely content to yield..

Thank you all and rjb...i will be reading here time-to-time about YOUR system fellah's...

DarkOrangeLinedSavant
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