Longer and Bigger waves!
I was just looking at bigpippin's Kowabunga record for this year and stumbled across someone wanting to trade longer with it.
Kowabunga uses 4-hour to validate a trend, while using 15 minutes to place a bid.
To keep the same tracking to enter on a daily scale, one would need to watch for the trend on a 16-day (3-week) scale, or maybe a month would be the next available scale type (15 min is 4 bars/hr * 4 hrs = 16).
To pull this back into a mid-length trade (~1-2 trades/week), one could watch the trend (originally 4-hour scale) on the daily scale, and place entries on the hourly scale (originally 15-minute).
I did a quick glance at this, and it looks very sweet. Last open entry would be on 4-11 @ 02:00 GMT depending on one's trade style, one could enter between 1.9735-55, stop at 1.9675-700. I'd say on the hourly scale, one would likely be shooting for a 4x bigger collection, say 200 pips, but I think I like 100 pips better on this scale just glancing at it.
So it would have closed today with 100 pips before the news. Would it have been wise to hold onto this through big news to reach 200 pips?
Just realize that it could very likely leave the position open for a few days to over a week, and not very likely more than 2 trades per week.
If my info is wrong, please correct me.
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