What Really Turned My Trading Around

Thanks I just updated send mail settings. But I can’t find PM settings. I think it needs me to have more than certain number of posts…Anyways email link seems to be on. That should do for now.

http://forums.babypips.com/free-forex-trading-systems/42052-what-really-turned-my-trading-around-176.html#post476003

You are almost there…!!!

Hi Pelt1, nice to see you! Thanks for clarifying. Yeah, I’m almost there…yeppee!

Ok, nice! Yes, you need 50 posts to get PM ability, when you have it, we can exchange Skype names.
Glad you’re intrested in Skype too, Relativity! We already had one Skype session together in the last summer, I think it was at the beginning of August. It helped me understanding things a little better and motivated me to read and try to understand the SignalBender stuff.

Of course i am interested. The only problem i think is to combine different time zones of participant. And i also can’t send pm to other members for now, so i don’t know how to share safely my skipe id. Do someone know when one is allowed to send pm?

Rel, thanks for the comprehensive answer. I’m still absorbing it and i decided it’s time to get inside WA.

EDIT: LOL ok i got the send email tip. Looks like everytime i post a question someone is writing an answer before me.

Thanks Rel,

Really appreciate it. The beauty is that when I see the market form any of such high/low points; then I can narrow down possibilities of next phase into a handful of patterns, just as you have elaborated in the image above. Brilliant!

View image: eurusdok


Got the buy stop 20 pips from the low activated 5 minutes ago on EURUSD.
I was waiting for a good point to buy and this demand zone looked good. Let’s see what happen.
2 TP, first at 20 pips, second at 1.37085.

…After more than 2 hours, price is still ranging beetween my entry and SL. Really low volatility cause of jpy bank holiday?

Can you see it now? i tried to change the image resolution to 800x600

BTW now the price is stagnating at +10, i closed one position and SL to BE

…stopped out at BE and immediately after price made +40 pips…i think i have to control better my fear of losing.

Hope you closed the position at the 1st TP at day close. If you are holding, I think the market is long biased for today. Just my 2 cents…

Rel i have two questions for you. The green boxes that you plot on the chart are based on the % of the previous swing or are similar to the zones that bumasoft use in his thread about market model? Because i use his way to identify residual supply or demand and my boxes are in the same places of yours.

And, about the standard deviation, i just learned how to calculate it, but i can’t find anything about std 2 and 3 etc etc.
What do you mean with any standard deviation higher than 1? How do you calculate it?

I tried also to study the code of your anchoredMA, but it’s still criptic for me. I don’t know C very well for now.

Ok it was so easy that i couldn’t catch it. :smiley:

I know it’s mql4 but isn’it similar as syntax to C?

Hi feuerfuchs,

yes I would be interested, but can’t PM right now… maybe there is a way for you to PM me your skypeID ?

Using send mail…you must allow other people from the forum to send mails to you from your profile page.

I’ll post here some interesting results from a little study i did on days behavior trough the week for EURUSD 2013.

I don’t know if it can be called volatility, since i found many different definitions of volatility online, and i’m not sure of wich is the right one. Anyway:
This is the mean of the range for each day of the week, expressed in pips.
As we can see it looks like theres some order in it.
Even the volume mean show the same behaviour, and i can tell you that 55.55% of the lowest volume days of the week are on monday.
Gonna look hard if i can find some proof of this behaviour on the chart.

Nice to see new posts in the thread, seeing from my trading recently my hurdle is reading the strength of impulse, could do that with the calculation of the standard deviation, taking programming courses on the net as I dont know any programming, will soon be able to work my way through mql4 & excel.
Ray Barros has some videos showing he’s work flow, every informative.

Its all good finding trend, volatility and volume patterns. I can see that they’re there… But how can we actually utilize them in our trading? That’s the phase I’m struggling with. How to narrow down the options when it comes to exact pin-point entry, SL and TP levels… In other words, embed the statistical/historical analysis into a clear-cut strategy.

Perhaps, Rel can shed some light on this…

The first thing that comes to my mind is that if we catch the winner wick on monday we have 20 pips SL and 40 to 60 TP. But e.g on thursday these values can become differents am i wrong? More room for TP and also a wider SL needed to avoid whipsaw, if i understood it right.

Wow, thanks Rel.
I have a couple of questions…

  1. Could you please explain the columns in the 1st image. I can see that the first column of all the groups represent percentage of swing compared with the previous…then I’m lost.
  2. In the 2nd image I’m wondering what the ‘blue’ swing in the 4th group. Why does it say “impossible” in brackets.

Thanks in advance

The first column is the hard one!
From the looks of it, the second column is the count with the total at the bottom hence why that column has an extra number that “hangs” there.
The third is the abs. frequency %, and the 4th looks to be the cumulative frequency.

Thanks buddy! But I may be ‘less technical’ so could you please explain the last two columns (frequencies) perhaps with an example…
Sorry for the trouble.

On 2nd thought, I think I understand the latter columns as well… Thanks for your help!