Page 50 of 61 FirstFirst ... 40484950515260 ... LastLast
Results 491 to 500 of 601
  193 193 Attachment(s)    

Thread: Pattern EA

  1. #491
    Junior Member
    Join Date
    May 2009
    Posts
    25

    Default

    Quote Originally Posted by bigpipn View Post
    NFP shook me out of my shorts.
    Yep - me, too...but I re-entered once more at the upper spike - got out today at 1.3860.

    Now I donīt know...looking for another short around 1.4100, maybe 1.4150 ?? What kind of game is going on? Sl-Hunting?

    We shall see...but the system is GREAT ! Thanks again for sharing it with us.

    Many pips to you,


    4rexlady

  2. #492
    Member
    Join Date
    Mar 2009
    Location
    Florida, USA
    Posts
    278

    Default

    The sheer manipulation going on right now is unlike anything any other time in history of the markets.

    The fed wrote a blank check for JPM and Goldman Sachs to raid the US Taxpayers via AIG bailouts only to have the banks royally screw us again after robbing us blind. JPM, days after receiving funds from the gov't, went into the crude oil futures market and purchased a gazillion barrels of crude oil, took delivery, and are holding these reserves offshore in tankers awaiting higher prices (70.02 is the bid as I write this-they are in in the low 40s). Goldman Sachs is, of course the main reason General Motors stock propped up 30% THE SAME DAY they filed for BK protection.

    The market makers refuse to allow the market to pullback. The market is no better than it was in March at the lows. They jam the futures higher every night at 3am when no one is watching. The market hasn't drawn in enough retail participation yet. The name of the game is the MMers bid up the assets selling them to one another then pawn them off as the prices surge higher and once they are at a net positive pnl they pull the out the rugs.

    No one can say where the euro's destination is next. Obama or Krugman or maybe even the ghost of FDR can release a statement that the green shoots are now little bushes and we'll print 1.50 in 3 days or they could pull the rug. The index funds [dumb money] are now buying huge blocks of orders at the end of the session and that is usually a good sign of a reversal. If they pull the rug, we can see 1.30 by Friday.

    P/Es in equities are at absurd levels. The real earnings just aren't there. The yield curve is steepening and really helping the banks capitalize. (Thank about it, borrow from fed at .25% and lend at 5%-- it doesn't get any better than that.)

    Lower volume means it takes less to move the market more.

    Algos that were profitable over the last 10-15 years are now worthless. This is uncharted territory. A buddy of mine gave me an algo that he used to turn $25K to ~$2MM in 3 years trading the yen majors and ES, it's worthless now.

    Take your 20-50pip chunks and be happy. Try to keep your exposure to a minimum.
    Think of adversity as that tiny piece of sand that gets trapped in the oyster's shell. Although it's a pain in the oyster's arse, he eventually makes a pearl out of it.

    http://hft.serialcoder.com/ -- Quantitative Market Reversal Levels --- The only indicator you'll ever need.

  3. #493
    Member
    Join Date
    Dec 2008
    Location
    Germany
    Posts
    76

    Default

    Hi bigpipn,

    jeah, the market is 100% driven by the bigdogs, heavy influence by the money-printing institution. A friend said: it's a race of the fastest printer!". A lot of currency's are heavy overbought and they are going up and up. These are difficult moments for technical trading! Everyone should keep the risk at the lowest level as possible in these times!

    Regards

    Criss

  4. #494
    Junior Member
    Join Date
    May 2009
    Posts
    25

    Default

    Quote Originally Posted by bigpipn View Post
    The sheer manipulation going on right now is unlike anything any other time in history of the markets.

    Algos that were profitable over the last 10-15 years are now worthless. This is uncharted territory. A buddy of mine gave me an algo that he used to turn $25K to ~$2MM in 3 years trading the yen majors and ES, it's worthless now.

    Take your 20-50pip chunks and be happy. Try to keep your exposure to a minimum.
    Thanks for sharing your knowledge here. It is greatly appreciated!

    Yeah, since I heared this quite a few times over the past few months and observed the market closely myself, I stayed out of another trade. There are many pips to make ahead. It doesnīt pay to be greedy.
    So I totally agree with you and I am already happy about what I got out of GBP/USD and EUR/USD so far...more than I had before :-)

    But I am short again on Demo..just to learn manual trading. I am figuring as long as there is no higher high, it is just a retrace of the recent short...I am curious how it works out.

    I will wait for the next Gartleys to show up....everything from H4 to weekly is cool! Nevertheless the market is truly dangerous....in a second there can be moves out of the blue, no one knows why....so better to be careful....as usual :-)

    We will see where E/U is heading ....

    Have a good day,

    4rexlady

  5. #495
    Junior Member
    Join Date
    May 2009
    Posts
    25

    Default 100 Pips missed...

    As if I knew it....oh well...just missed 100 Pips...
    Attached Images Attached Images Pattern EA-gartley_demo1-gif 

  6. #496
    Junior Member
    Join Date
    Jun 2009
    Posts
    2

    Default

    I have many auto systems in my demo account but most of the softwares give poor result at the end .Is any one willing to help me by giving guidence of best suited to this trade

  7. #497

    Default

    Quote Originally Posted by jagadeesan View Post
    I have many auto systems in my demo account but most of the softwares give poor result at the end .Is any one willing to help me by giving guidence of best suited to this trade
    Just concentrate on a few system my friend, like this one. I was like you last time. Whenever i found a new EA, i will setup the EA and test it. If demo result is not good then i discard the EA. I have stopped doing this and focus on a few system right now.

    Right now I am running demo on this EA v105 and obtain some good results on M15. everything (EA and set file) can be found here in this thread. Hope this help.

  8. #498
    Member
    Join Date
    Mar 2009
    Location
    Florida, USA
    Posts
    278

    Default

    Bottomline, the EA is profitable if used on 15m and higher with settings that are found in this thread. We are altering the source code but it's not all that revolutionary to what's already in the thread. We have a script that needs to be rewritten into an indicator that ensures that the Zig Zag does not reprint. It will also give a possible D-zone just as the C point is printed.
    Think of adversity as that tiny piece of sand that gets trapped in the oyster's shell. Although it's a pain in the oyster's arse, he eventually makes a pearl out of it.

    http://hft.serialcoder.com/ -- Quantitative Market Reversal Levels --- The only indicator you'll ever need.

  9. #499
    Junior Member
    Join Date
    May 2009
    Location
    Orlando, Florida
    Posts
    1

    Default Thank you Bigpipn and Funnyoo

    Thank you bigpipn for the trading strategy and thank you Funnyoo for coding the expert. I demo'd on 6 pairs this week on 1 hour time frame and had one trade: buy on GBP/JPY @ 155.85, took profit at 158.88 303 pips !

    Next week I will try M15 and M30

    Regards

  10. #500
    Junior Member PyeR2's Avatar
    Join Date
    Apr 2009
    Location
    Bondi Beach Australia
    Posts
    13

    Default Huge Gartleys On GBPUSD & EURUSD 4Hr

    This thread has been quiet for a while. Perhaps you are all spending your millions.

    I am seeing huge Gartleys on the GU & EU 4hr charts right now that still haven't broken down. The USD has weakened in recent days due to risk aversion easing after the better than expected news from Goldman Sachs - Dow has rallied for a few days off the news. The EU is sitting at the 78.6% and the GU at the 61.8% which adds weight. We might be on the verge of a big run down?

    The spanner in the works is that the DOW is not showing any signs of weakness - 4 huge bull candles on the daily. Yesterdays high was within a poofteenth of the 78.6% which may prove to be a level of resistance.
    Last edited by PyeR2; 07-17-2009 at 04:38. Reason: Added a thought

Similar Threads

  1. Chart Pattern - The Hanging Man
    By painofhell in forum Trading discussion
    Replies: 0
    Last Post: 10-03-2014, 22:28
  2. Chart Pattern - The Hammer
    By painofhell in forum Trading discussion
    Replies: 0
    Last Post: 09-26-2014, 09:51
  3. 1-2-3 Pattern indicator
    By funyoo in forum Indicators
    Replies: 29
    Last Post: 02-02-2012, 14:43

Tags for this Thread

100, adx, alarm, alpari, automatic, average, backtest, backtesting, bb-macd, breakeven, broker, brokers, candle, change, check it out, closing, coding, color, crossover, demo, divergence, eas, ecn, eur, eur/usd, eurjpy, eurusd, expert, expert advisors, experts, fibonacci, forecast, forex, forex trading, free, gbpjpy, gbpusd, german, gold, guide, high, home, how to, index, indicator, indicators, learn, live, live account, low, macd, magic, magic number, main, managed, manual, manual trading, martingale, metatrader, mirror, mq4, mql, mt4, news, offer, osma, parabolic sar, pattern, pivot, probability meter, profit, profitable, programmer, real, request, resistance, scalp, scalper, signal, signals, simple, spread, step by step, stop, stoploss, strategy, study, support, system, systems, test, thank you, time, tool, trader, trading, trading system, trailing, trend, usd, video

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •