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v101
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Everything posted by v101
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Here are some URL for FIBO reading: Fibonacci Retracements | A Guide to Using Fib Levels for Trading Fibonacci Trading Techniques Article With regards to your question, if you enter with 1 contract, and set a target that could work, but then what about letting your profits run if you are in a good move? An idea/twist on this, is to enter with say 3 positions, and then after a certain point number is reached, take 1 off, then your risk/exposure is reduced. Then once the market has reached a 2nd area, which can be pre-defined or at a pivot, double-top/bottom, etc take the next contract off, and move stop to breakeven +1 or breakeven -1, then you have: Taken profits Mentally feel good have the 3rd position for letting your profits run, and have a RISK FREE trade. this is a nice method, and easy to implement. But there are multiple ways to go about it, this is just a simple example..
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Hello Mike - Glad to have you, sorry to learn of you getting laid off, the job market is pretty sad... Glad that you can turn to trading.
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I have thoughts to build an automated indicator, black-box, etc. But had a few questions, as i am just in the discovery mode about this thought... Say I have a idea of looking / scanning for markets that meet certain criteria, BUT I dont want to run it continuously, say I only want it to run say every X minutes.. Currently today I use Esignal, and was hoping that Esignal had the ability to run an indicator every X number of minutes, but I want to run the indicator over many different markets Then based on what the indicator returns, it would then scan the returned markets, for other criteria, and then based on these criteria Put the trades, on, etc. So with that said, should I even consider using such a platform, Or what are some other platforms to consider looking into to do such a task?
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how late? Sometimes a bar or 2 bars. how disadvantaged are you by waiting for bar close? Not really disadvantaged, just later entry that I'd like... what is your profit projection? what is the percentage of "perceived profit" lost due to the wait ??? There is a difference, I'd have to go back and review my back-testing results to determine exactly what the % difference is. is your mother going to disown you because you have missed a portion of the profit? :haha: :haha: Probably not.. what other "profits" have you missed other than the late signal? Profits are profits! what is the percentage of this late signal induced "loss profit" in relation to ALL the other missed opportunities? 2. false signals if a signal was triggered intrabar, but the signal was nolonger there at EOB, is that still a signal? was the trigger valid ???? If a false signal is plotted, then NO its not a valid trigger, these are what I am trying to avoid. if the signal should not have been there in the first place, or, if a momentary "signal" that could never have produced any meaningful profit, why spend time on it NOW?
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Waiting for bar close, results in late entry into trades. But often times when I review my signals from real-time, and then enable the bar close feature, the signals shift due to what we already know about basing the decision on the forced close. I dont get penalized other than getting into the trade a little later than I'd like when I use the forced close option. I wanted to just get some ideas from other programmers, who have thought of some different ways to get around this issue. But I think if anyone basis the decisions on real - time, that they will have this issue, as real time is real time. and waiting for a CLOSE, basis the decision on the historical close, resulting in valid signals, and no false signals. Good point though, just use the forced close option, and move on.
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I have been seeking feedback from programmers if there are any "other" ways to overcome the issue of programming with Multi-Time Frames. An issue I have is when you program an indicator to use real time data and also process data real-time, what happens is the signals may look valid based on the real time criteria at that particular moment in time.... But then before the higher time frame is actually closed, price can go opposite to your intended signal(s) and then if you reload the chart, your indicator plot, or signal goes away. We call these phantom triggers, and repainting. So there are a few ways to deal with this, and each programming method introduces some cons. The method would be to force the indicator to wait for a BAR CLOSE on the higher time frame, This results in valid signals being generated, but could lead to late signals, due to causing the indicator to WAIT for the CLOSE before it calculates the entry. So my question is for those that are using indicators based on Multi-Time Frame, is how do you overcome these issues, if you want your indicators to not repaint signals, and not give phantom triggers? Any ideas, or recent developments in this area are appreciated.
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I wanted to provide a review of the services offered by this company. I purchased newsletters, and hotline service, as well as technical analysis services from thetechguru.com years ago, and after trying out his hotline service, I found it to be somewhat good for identifying setups, in the markets. (if the market was trending) But after continuing his subscription service, it quickly turned into a conversation led around what his opinion was about this market or that market. A good rule of thumb for traders is "LOSE YOUR OPINION....NOT YOUR MONEY' After listening to his opinion about this market and that market, and then his tech guru service being wrong, I decided to move on and away from this service, and I am glad I did. I would advise anyone out there that is looking for technical advise to read the forums here at Traderslaboratory and get your questions answered here rather than calling these so called technical gurus.
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Thanks everyone for your input and suggestions.. Here is a stab at getting this working, and displaying in the same or similar format... I've posted below some examples of the indicator vs the one developed in NT 7.0 As you can see it looks similar, but NOT exactly similar... Not sure if anyone had any input or suggestion on the math formula.. The formula used is summarized: EURUSD is up .001 on the day(USD is base, so we give negative multiplier) USDJPY is up .001 on the day (USD is quote, so we give positive multiplier) USDCAD is down .002 on the day (USD is quote, so we give positive multiplier) I then divide the net change for the day by the ticksize for the pair. EURUSD = 10 USDJPY = 10 USDCAD = -20 So our formula would be: EURUSD*-1 + USDJPY*1 + USDCAD*1 USD = (10*-1) + (10*1) + (-20*1) = -20 If the colors are hard to read, here is the output in comparison from mine to theirs (My Results are on the LEFT) My 15 MIN WHITE IS: THEIR ORDER: GBP GBP --> Correct EUR EUR --> Correct NZD CAD USD AUD CAD USD AUD NZD CHF CHF --> Correct JPY JPY --> Correct MY 1 MIN ORDER: THEIR ORDER: GBP GBP --> Correct EUR EUR --> Correct NZD CAD CAD AUD USD USD AUD NZD CHF CHF --> Correct JPY JPY --> Correct MY 5 MIN ORDER: THEIR ORDER: GBP GBP --> Correct EUR EUR --> Correct NZD CAD CAD AUD USD USD AUD NZD CHF CHF --> Correct JPY JPY --> Correct Any suggestions for getting it JUST right, would be very helpful..... (the time difference is due to one displaying time in GMT, vs the other in EST...)
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Found from another website: ---Quote--- Current USDX volume is calculating as weighed average geometrical volume of six word’s currencies rate changing (Japan yen, Euro, British pound, Canadian dollar, Swiss frank and Swedish crone) to the US dollar. USDXt=50,14348112 x (EURt)–0,567 x (JPYt)0,136 x (GBPt)–0,019 x (CADt)0,091 x (SEKt)0,042 x (CHFt)0,036 The base of the index is the basket of six currencies which form the main volume of US foreign trade turnover. Most part of the international trade volume goes with Eurozone (57,6 %), then Japan - 13,6 %, Great Britain - 11,9 %, Canada - 9,1 %, Sweden - 4,2 % and Switzerland - 3,6 % ---End Quote--- The ratios are not good anymore, it was an old post. (was what someone else quoted)
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Thanks for the suggestions, here are some screen shots of the "spaghetti" indicator talked about over at ForexFactory.com Spaghetti Indicator !!! (28 Pair Relative Strength ) @ Forex Factory
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The CCYX: Currency Strength Index “CCYX” disassembles every pair and isolates the individual currencies. Im trying to figure out what it measures the different pairs against...?
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Any ideas on this indicator, screen shot attached? I was wondering if this would be possible to program something similar vs paying the hundreds of dollars a month. I need to safe money.. But this indicator is very helpful....:)
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I was looking at some of these trading platforms that are different from charts, and wanted to get any feedback about one called: FX Money Map Software. It was developed by a guy who used to trade for banks, etc. Andy Shearman. Just wanted to get any feedback about his system, and it anyone has used it, tried, it, etc.
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I would like to know if there is a way to determine the % difference between the MACD and the MACD Signal line and return this as a value in %. The reason to do this, would be for a indicator... I was looking at using the formula: (histogram / MACD) * 100 = Percent Difference. Does anyone see any issue/problems in doing this? The end result I am trying to accomplish, is to use the MACD and only to give signals if the percent difference (between the MACD and the MACD Signal line) are at a certain %.
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I am getting ready to replace some older monitors, and I am looking to goto 24" LED wide screen. I have found a few places that sell discount monitors, and I am looking for the best price, if possible, with LED, and HD quality. Dell sells refurbished monitors, cheapest for 24" is 159-169.00 / per monitor Evertek sells refurbished monitors, and they are pretty cheap also. Any others that you have purchased recently, I'd like to hear where you bought them and what price you paid, and if shipping / was free or included. Thanks
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Thanks for the responses. I have attached a chart, to perhaps get some additional feedback, of what I am trying to accomplish. We all know that if we adjust any chart the x and y axis of the chart, can be stretched up/down, and we can make any angle look greater or less than it actually is. So with this said, we can use a formula to determine slope of a line: Standard slope is simply rise over run. Converting an angle to percentage terms is: nSlopePct = Math.tan( nAngle * (Math.PI/180) ); where nAngle is the angle in degrees of the line in question. If we look at the available options that are displayed with MACD: MACD Signal Fast Line MACD Slow Line MACD Histogram Based on these available values, I am looking for a way to use these values, to determine the angle or slope of the MACD, say if the MACD is flat, I don't necessarily want to be involved with that market, or if the angle is sharp up, I don't want to enter opposite to this momentum. Any suggestions on how to use these values to return a value?
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I am looking to determine if its possible to determine the slope or angle of the MACD, fast line on a chart. Trying to determine if there is a way to determine what this would be, and how to program this into an indicator.
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I have been usin g a multi monitor mac for over 2 years now, with great success. It works fine, no issue, no reboots, and the most stable trading machine I have had to date... I have been running with VMWARE Fusion, and run a windows XP workstation. I can have my charts on the screens, and then switch to a different workspace, and have other applications up, very nice, very tricked out. My question to other traders that use MAC's are have you found it to function with running VMWARE with up to 8 monitors? How does it run?
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Thought I provided this info already but if not.... The DAX is a German stock index (Deutscher Aktienindex) that measures prices on the 30 largest companies (in terms of turnover and market cap) on the German Stock Exchange (Deutsche Boerse) DAX futures trade on EUREX. EUREX is an all-electronic trading exchange in Europe. There is no open outcry trading there, all orders are electronically matched. The exchange website is Eurex - Europe's Global Financial Marketplace. The symbol root for the DAX is AX. (ESIGNAL) Contract months are the same as for US equity index products and symbol construction is identical, with the exception that one needs to tag on to the symbol a designator for the exchange. Example: AX Z8-DT is the symbol used on eSignal for the Dec'08 DAX futures contract Contract value is 25€ pr. point The contract value can be more than 3 times the current size of the E-mini Russell2000 contract and almost 4 times the value of the S&P500 contract. I would strongly suggest starting out with the DowJones EuroSTOXX 50 index futures (about 1/5th the size of the DAX, and much more liquid). This contract is €10 pr. point The DAX trades in increments of 0.5 points, i.e each tick is 0.5 points unlike the S&P´s and US stock index futures where the roll-over takes place 8 days before expiration, the roll-over in the DAX doesn´t happen until the expiration date itself which is the 3rd Friday of expiration month. The DAX trading day is 11 hours, from 2AM until 1PM CST. 3AM - 2PM EST 12AM - 10AN PST The hours of greatest liquidity are the first 2 hrs., then things quite down a little bit, pick up again during a 3 hr window from 8:00am-11:00am EST. Volume then drops off steadily for the balance of the session. Check out: Eurex - Europe's Global Financial Marketplace
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Good information... Thanks... Another good one that opens up earlier in the AM, is the German Dax, this is the larger one, the smaller one the DJ Stoxx was already mentioned, this can be traded and has some nice swings early. First 10--15 things can get crazy, but after that some nice swings take place.