vivaldi wrote:Zypip wrote:I have noticed that when (e.g. for longs) the D1 TMA slope is above 0.8 and Woh 2x1 is green, it seems to be possible to filter out most of the retracement moves by looking at the Woh 1x0 on the D1 chart and not taking the trade when D1 Woh 1x0 is red (for longs).
In other words for longs (and conversely for shorts), even if slope is > 0.8 and woh 2x1 is green, Shelley should not open trades for pairs for which D1 Woh 1x0 is red.
Anyone with the same analysis?
Cheers
D1 Woh 1x0 is red means : The current price is below the Open of the Day.
Could you confirm to me if this is correct ? Where do I find the background theory about Woh ?
Vivaldi
Hi Vivaldi,
Here is a link where you can download all the booklets concerning the NB 10.2:
http://www.forexfactory.com/showthread.php?t=308304
I think the best read regarding WOH is the Weekly open booklet (obviously

). Here is a quote from the guru you can find in the last paragraph of page 6:
"The first histogram shows price in relation to the weekly open, up or down for the week (
I think refering to the woh 1x0). It should help you decide which direction to trade that week. The second histogram (
the woh 2x1) is designed to show the overall trend direction on the weekly chart."
Thought we could try to exploit this info for refining (the already astonishing) Shelley
PS: Shelley is currently making good pips but for me NB 10.2 EA is making even more at the mo
