It has hit me like a TON of bricks!!!!

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LegendofZline
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Postby LegendofZline » Fri Oct 17, 2014 6:00 pm

Say that im trading with the buyzone indi And whipsaw starts to happen.

I go long and get stopped.
So then i go short and get stopped out.
In the same hr

Would you wait the next hour to trade or would you enter long again in the same hour if the price hits the long entry again for the second time in the hour....

Thanks
Last edited by LegendofZline on Fri Oct 17, 2014 6:16 pm, edited 1 time in total.

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LegendofZline
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Postby LegendofZline » Fri Oct 17, 2014 6:12 pm

By the way I like the concept of trading below/above daily and weekly open at the same time

Is there a way to help see what I can't see with the way you can trade this?

One way I could see it working is by trading the hourly same as you would with the horizontal line trades.

You have both lines daily and weekly drawn.
Weekly open as you bias
Daily open as a trigger

So every time the price crosses the daily open in conjunction with the weekly open on the hourly you would enter. exit when it looks like you giving it back

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Captain Pugwash
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Postby Captain Pugwash » Sat Oct 18, 2014 8:27 am

It has hit me like a TON of bricks!!!! - eh?

Sorry - I just couldn't resist - given the title of this thread


[flash width=420 height=312]https://www.youtube.com/v/iA5RGI3zn20&feature=youtu.be[/flash]

If you've got 6 mins to spare - below is the original sketch


[flash width=420 height=312]https://www.youtube.com/v/zZUJLO6lMhI&feature=youtu.be[/flash]
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TygerKrane
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Postby TygerKrane » Sun Oct 19, 2014 10:03 am

Nice!

I particularly enjoyed the Lego bit, Cap'n

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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aliassmith
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Postby aliassmith » Sun Oct 19, 2014 3:28 pm

forum isnt very popular these days but I thought I would link this for those that want a look at some price action concepts

http://www.futuresmag.com/2014/08/24/pr ... the-basics
Trade Your Way as Long as It Makes Money!

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LegendofZline
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Postby LegendofZline » Mon Oct 20, 2014 5:23 am

TRO, any hints on how to trade below or above
weekly and daily? On the start of the week on the first hour

Should I wait atleast 1 hour to cross a direction first then start look?

xtremeforex
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Re: It has hit me like a TON of bricks!!!!

Postby xtremeforex » Fri Jan 02, 2015 9:42 pm

I just dropped in to see how everybody is doing.

I am still trading and perfecting my work. One thing noobs should know is that, trading will always be a work in progress. Be prepared to adapt and change. Fixed strategies, in terms of their parameters will always require modification in the long-run. You must be prepared to alter your parameters, whilst keeping the jist of the method fixed.

For those of you coding an automated system like I did, be very archaic in your code and do not neglect security in it. It may be possible for a broker to see your code somehow and definitely see your trading patterns. It may be harmeless curiosity, but I suggest you throw in an element of randomness in your strategy code, such as small BS or even large BS trades that exit quickly or do something extremely unusual. Anything that will make it difficult to deduct a logical pattern/theory from anybody examining trading transactions or code.

I have spent some time lately focusing on the security of my work. Perhaps, I am a bit paranoid - but where money is involved, you should always be careful. Part of my paranoia started when I called a help-desk, where I was transferred to a manager who was interested in knowing more about what I was doing, he seemed to know more than he should, and more than I was comfortable with and I got the vibe I was being studied. I think he was just another trader that meant well and was just curious, but after working hard this long, it's not greed that you're protecting, but blood & sweat but more importantly preventing your method from becoming public. It may not be a company who is interested, but private individuals. Just be smart about it. Protect your code intelligently.

Anyways, as for myself:

I have moved to Dubai from Toronto in the last two years temporarily. Dubai is good for banking & tax laws. However, the country is beginning to lose its' novelty aspect now that I am becoming accustomed to it. There has been some talk in the country with regards to introducing a form of capitals-gains tax, so I may move back.

However ,the nice part is their currency is permanently fixed to the U.S. dollar, keeping money in the bank here does not incur exchange risk.

If anybody from this forum plans to travel here within the next 6 months or so - give me a shout and we can meet up. :)

xtreme

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TheRumpledOne
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Re: It has hit me like a TON of bricks!!!!

Postby TheRumpledOne » Sun Jan 11, 2015 6:02 pm

Hey xtreme:

Would love to see some pics. Would you please post some? Thanks.
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Kuznec
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Re: It has hit me like a TON of bricks!!!!

Postby Kuznec » Wed Jul 12, 2017 6:30 pm

In Dubai, there will never be a tax on capital, the majority will not allow.

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