Never Lose Again

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risingfire
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Re: Never Lose Again

Postby risingfire » Wed Mar 02, 2016 8:43 pm

But maybe what I should ask is... what is your favorite method to trade Forex pairs??

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TheRumpledOne
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Re: Never Lose Again

Postby TheRumpledOne » Thu Mar 03, 2016 5:01 pm

risingfire wrote:Avery--when using the buy zone with Forex, what do you use for the opening time?

Also, do you trade this the same way you do in your MTC method? I'm not sure how the probability stats relate since with MTC we are looking for high prob stocks that have an open + 50 cents. How does this work with Forex pairs?



I use the broker's daily open time. Whatever time a new daily (D1) candle is formed. All daily statistics are computed using that time.

For Forex pairs, I run a frequency distribution the same way I did for stocks to see where the sweet spot lies.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Re: Never Lose Again

Postby TheRumpledOne » Thu Mar 03, 2016 5:04 pm

risingfire wrote:But maybe what I should ask is... what is your favorite method to trade Forex pairs??


Any HORIZONTAL LINE method. Buy Zone, Rat Zone, Wick Zone, Psycho 00/25/50/75, etc..

My recent fav is trading in the same direction as the previous day's candle color. So simple, yet so profitable.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Re: Never Lose Again

Postby TheRumpledOne » Thu Mar 03, 2016 5:04 pm

gbpusdh1.png
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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

risingfire
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Re: Never Lose Again

Postby risingfire » Thu Mar 03, 2016 7:39 pm

TheRumpledOne wrote:
risingfire wrote:Avery--when using the buy zone with Forex, what do you use for the opening time?

Also, do you trade this the same way you do in your MTC method? I'm not sure how the probability stats relate since with MTC we are looking for high prob stocks that have an open + 50 cents. How does this work with Forex pairs?



I use the broker's daily open time. Whatever time a new daily (D1) candle is formed. All daily statistics are computed using that time.

For Forex pairs, I run a frequency distribution the same way I did for stocks to see where the sweet spot lies.

Okay, thanks. For the frequency distribution, do you mean the frequency of open+[some pip amount] in order to see which forex pairs trade at a high probability above/below that amount? Or do you mean something else?

I saw a recent screen shot where the buy zone for a forex pair was 2 pips (lower zone was 8 pips from open and high zone was 10 pips from open). How did you come about 2 pips for the size of the zone? Since I'm trading using TradeStation (at the moment), that would be too narrow since the pad the spread for their commission fees.

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Re: Never Lose Again

Postby risingfire » Thu Mar 03, 2016 7:40 pm

TheRumpledOne wrote:
risingfire wrote:But maybe what I should ask is... what is your favorite method to trade Forex pairs??


Any HORIZONTAL LINE method. Buy Zone, Rat Zone, Wick Zone, Psycho 00/25/50/75, etc..

My recent fav is trading in the same direction as the previous day's candle color. So simple, yet so profitable.

Nice, okay, thanks!

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TheRumpledOne
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Re: Never Lose Again

Postby TheRumpledOne » Fri Mar 04, 2016 5:42 pm

gbpusdh1.png
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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Re: Never Lose Again

Postby TheRumpledOne » Mon Mar 14, 2016 4:57 pm

gbpusdh1.png
gbpusdh1.png (93.36 KiB) Viewed 472 times
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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TheRumpledOne
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Re: Never Lose Again

Postby TheRumpledOne » Wed Mar 16, 2016 4:07 pm

gbpusdh1.png
gbpusdh1.png (92.97 KiB) Viewed 351 times
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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TheRumpledOne
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Re: Never Lose Again

Postby TheRumpledOne » Thu Mar 17, 2016 5:12 pm

gbpusdh1.png
gbpusdh1.png (93.83 KiB) Viewed 308 times
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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