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Humble
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Postby Humble » Fri Nov 27, 2009 1:52 am

"... so what im doing is basically trading some lines im sticking on the chart? "

Is there any other way?

How do you get non standard time frames?
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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MightyOne
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Postby MightyOne » Fri Nov 27, 2009 3:31 am

Happy Thanksgiving :P
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pablo101
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Postby pablo101 » Fri Nov 27, 2009 3:48 am

All this binary option stuff is new to me, will stick to what i know for now but still play around with the new toy.

Mo, must have made a killing on EJ. :)

Is it me or has it been a good trading weeK? :shock:
What line? The line that tells you which way you are trading! - MO

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MightyOne
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Postby MightyOne » Fri Nov 27, 2009 4:31 am

JESGPY wrote:MO.

I am absorbing lots of info about options. binaries, and vanilla.

Can you tell me why do you prefer binary options over vanilla?

thanks

JUAN


I love trading vanilla on the Futures market, but I have not looked into vanilla options on Forex.

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MightyOne
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Postby MightyOne » Fri Nov 27, 2009 4:36 am

pablo101 wrote:All this binary option stuff is new to me, will stick to what i know for now but still play around with the new toy.

Mo, must have made a killing on EJ. :)

Is it me or has it been a good trading weeK? :shock:


There is a lot to be thankful for this week :wink:

I can hardly wait for the yearly open :P

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MightyOne
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Postby MightyOne » Fri Nov 27, 2009 5:00 am

Braathen wrote:Ok so alot of action this week..
1. Small low wick (Dunno what i think of the wick but it wasnt huge and daily/weekly colour was red)

2. Price to move 1/6 from the low or the open (Check)

3. My finger to move and touch the macro to enter (enter at price and 1/4 range as sl 35 pipish) ... :shock: :shock: :shock:

Image

Exit at revearse signs on 5m .. So im getting the picture u do not use this to trade normal forex.. ur using it as these strike prices on binarys? ... so what im doing is basicly trading some lines im sticking on the chart? :) :)


There is no need to watch a 5 minute chart as I am sure that you are aware of how long the candle should be on average.

When the extremes widen to 2/3 or 5/6 of average then you can start thinking about exiting your trade.

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Postby franck » Fri Nov 27, 2009 6:27 am

MightyOne wrote:The numbers in that picture show the distance from the open to the trigger in pips.

I am starting to believe that the only things that matter are:

1. Range

2. Correction Size

&

3. Color

:shock:



The only things that matter. How r u MO? thks again.

1) Fine tuning the "correction" appears to be a common human behaviour for good or bad, which i find most difficult to be disciplined.

What is a good guide in your arsenal and which is best from your exp/statistics to pin point end of correction vs change of direction? from the examples, it seems to be x pips based ie 1/3 point, 1/6 range etc and/or time-based m5 (or X time), with relative to the open price (which can be open of a normal bar or open of a trade position (custom bar).

My thoughts

1) Time is an important factor, because i boxed up the price in x time for statistics.

2) The selection of timeframe plus its relationship to lot allocation/account size is paramount.

3) Some statistical advantage (esp the non-parametrics) appears better in certain timeframe (ie lower or higher). Thanks to TRO.
* anyOne can be prOfitable tradING ANY line. see it?

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Braathen
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Postby Braathen » Fri Nov 27, 2009 7:46 am

Happy thanksgiving to you to MO and everyone else.. dont celebrate anything like that here in cold cold denmark but yeah! i felt like giving thanks?! Thanks for the converters and thanks for your tips!
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

Brookmyre
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Postby Brookmyre » Fri Nov 27, 2009 9:49 am

Nice sentiment Braathen. We don't have Thanksgiving in Australia either but I'd like to say thanks for all the giving that goes on here as well. :)

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Braathen
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Postby Braathen » Fri Nov 27, 2009 10:20 am

Nice one brookmyre :) :)

MO.. was looking at this statement "Price to move 1/6 from the low or the open" now the "from the low" part.. when u get the time is there any chance you could stick up a little pic of your fibo placement on that.. ive seen your pics from open with box and fibo.. ill look back through it all incase i missed it
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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