10.6 EDSEL

Post by **nanningbob** » Mon Mar 31, 2014 3:22 pm

CSS much clearer for the week after Monday moves.

gbp buy against eur chf and jpy

usd cad buy against eur chf jpy

aud nzd look for buys after the retraces.

Looks like aud and nzd are back on the same page now. Where aud goes nzd follows. Night

Post by **Gertje** » Mon Mar 31, 2014 7:36 pm

Bob, Al, Boldtrader,

This is close to perfect!
Thank you all so much!
It's hard not to love this.......
.

gbpjpyfdaily.png

Post by **fxozgirl** » Mon Mar 31, 2014 7:57 pm

Gertje » Mon Mar 31, 2014 10:53 pm wrote:
Me too, but i never recovered from the recovery....

I had 50% profit in 2,5 weeks, now back to 26% which is still enough for me...
Trading 0.01 lots and $1.000 starting.

BTW, the indi gives no values, only headers with me...

Sorry, not sure why...mine is working on Build #625

Post by **fxozgirl** » Mon Mar 31, 2014 7:58 pm

Gertje » Tue Apr 01, 2014 1:23 am wrote:
Hopefully soon you wont need to do recovery anymore.
Sure hope so!!

Absolutely...that will be the icing on the cake :!!:

Post by **zentauro67** » Mon Mar 31, 2014 8:25 pm

Two years! :hi: I hope the swap was positive. As long as you have enough equity recovery systems are the best solution and envolve a good dose of creativity as you can combine stacking, hegding or martingale in so different ways. I burnt some accounts trying to understand the basics, but it worth it. Anyway, let´s hope, as Bob said, a day will come when we´ll don´t need recover bad trades anymore.

Post by **fxozgirl** » Mon Mar 31, 2014 8:47 pm

zentauro67 » Tue Apr 01, 2014 7:25 am wrote:Two years! :hi: I hope the swap was positive. As long as you have enough equity recovery systems are the best solution and envolve a good dose of creativity as you can combine stacking, hegding or martingale in so different ways. I burnt some accounts trying to understand the basics, but it worth it. Anyway, let´s hope, as Bob said, a day will come when we´ll don´t need recover bad trades anymore.

This was in my early days of trading and was courtesy of Robominer which grid traded audnzd. I had already blown 2 accounts and I was determined (read stubborn & pig-headed lol) not to blow another one. I was lucky I was only trading tiny lot sizes so margin & equity was never a problem, however I didn't really understand the markets enough at that time so very slowly had to trade my way out of it. The account went around 2K in the red and I think I eventually closed the last few trades for a loss of a couple of hundred (which was purely swap)....mind you if I had of held on a bit longer I would have come out in front

As hard as it was though, it taught me so much and my understanding is so much greater these days. Unfortunately it seems that the best education in forex is very often the hardest...although with the amazing work Bob has done here, any newbie who finds this thread has had a whole lot of heartache instantly taken away

Post by **zentauro67** » Mon Mar 31, 2014 9:39 pm

AUD CSS shows some nice fractals. This bottom patterns are incredibly easy to detect and warn of an imminent strenghtening. Unfortunately, for the present time, there are not so clear patterns for the top formations.

Imagen 001.jpg

Post by **nanningbob** » Mon Mar 31, 2014 10:50 pm

Two years WOW!!! However there are guys that run hedge funds and they have gridded the entire distance of a currency. In other words if price goes up they win and price goes down they win and they basically have a permanent fixed DD. Since they dont leverage or leverage is small their swap costs are nothing. Their bottom line just keeps going up slowly year after year. I had an account set up using one penny lots trading both ways and setting profit at 100 pips. That means 1.00 profit every time price move 100 pips in any direction. You take a pair like aud/nzd or something with almost no swap cost and has had a range of 3000 pips over its history and you have 30 trades going both directions. You are always hedged so the DD becomes permanently set. Then its nothing but winners from then on out. Every time a broker or bank spikes price you win. 100 up 100 down two winners. It is an interesting way to trade. I tried it once and was getting my grid going and my balance almost kept up with the growing DD. Then when the DD was set it was all profit. However, hedging was banned in the USA and that was that. I hadnt done it long enough to finish the test but I could see it would work. chf/jpy and eur/chf between each other has a very minumum swap.

The most important thing I have learned from hanging onto trades for a long time is I got to see how the market breathes in and out. It gave me a sense of market movement across the board. It also allowed me to lose my fear of market moves. I dont fear the market anymore or a loss. Most people dont want to take the time to take a 1000 bucks and trade one penny and learn. You would have to lose 100,000 pips to blow the account and if you are that bad you need to get out anyway. My best recovery was -1300 pips on the aud/chf over a 3 month period and I ended up making a profit by the time I was done. My biggest hold was 6 months on an aud/usd and I finally gave up and the next week it dropped like a rock and I would have succeeded.

The problem with discussing these things is idiots think we didnt take other trades and actually were profiting during these times but thats their problem. I dont like talking about it because the one in one out crowd just doesnt understand the concept that DD does not compound but constant winners banked does. DD does compound if you constantly take losers but it does not if you hang onto them and arent fighting a major trend in the wrong direction. Something I have finally learned to stay out of. I havent bombed an account now in 4 or 5 years.

Anyway I said all that to say this. Holding onto bad trades is not good trading but I learned how the market breathes and move together by doing it. It is how I developed insight into the market. Now its like I look at a chart and go ............ oohh that looks good and later YEAH or ooohh that looks really bad and I get out. Its also how I learned to trade and counter trade and range trade. I can do all three comfortably and profitably. I even once did the AUD/USD as it moved down 120 pips one day and made 60 pips buying it just to see if I could do it. So now I do crazy things once in a while just to see if I can.

Anyway, now the goal is not to have DD or as little as possible. Because of these experiences I think I can get good at it. Milanese and I were working on an improvement of an indi when we found a bug in it. Then we discovered something that if it proves true will dramatically change my trading and hopefully everyone elses. We will see how it goes but I cant help teasing you some over it. None of this however would have been possible if I hadnt done years of all these different styles of trading. Now ............... well lets see how it goes. 175 pips before the USA session alone yesterday.

Post by **nanningbob** » Tue Apr 01, 2014 2:56 am

Is it possible to put a band on a moving average that is similar to the COG or TMA where the bands are based on ATR or something similar. Bollinger Bands widen and narrow too much and every currency has its own distance from the center. So I guess a COG/TMA based on a moving average for the center line but the outer bands based on a COG/TMA readings. This would be give a better back test I guess. Just an idea if someone knows if something like this exists. Here is the 60 MA with 100 pips on each side but every currency's outer bands should be different and not the same. See pic for the basic idea based on 60 MA.

Post by **MurphyMan** » Tue Apr 01, 2014 3:09 am

Bob, try this. Use the Bands indicator (I guess it's another version of BB). Set the Period to 14 and the deviations to 0.8. An old trader called these Momentum or MoBo Bands. The idea is when you are outside the bands you ride the trend.