Thanks Ferru. Have you ever done something like this? If so, which method did you use? I can see a pitfall to my first method too, that is when the line makes a new high (or low), the range suddenly increases so the RoC (rate of change) of the ...

Compare the slopes of two lines plotted on different scales

It certainly is mate. You wake up in Tokyo and 16 hours later you're eating pie and beans in London. Unbelievable! Oh I wasn't a bear in those days. Just another scruffy backpacker Good night!

Diversified Trend Trading Approach

If you are where I think you are then that's where I met my wife all those moons ago. Roma Sreet to be precise

Diversified Trend Trading Approach

Yes, good point! This is one of the few good reasons (maybe the only one?) for not giving an indication of how profitable an existing system is. You don't want someone whining about how they can't make any money out of it and calling you a liar just ...

(binned per thread starter’s request) Truth in Trading

Agreed! And here are some more truths: 1. To be consistently profitable you need to have a system that has an edge. 2. An edge means that over time your system will produce profit IF traded properly each time. 3. The edge doesn't have to be large to ...

(binned per thread starter’s request) Truth in Trading

To be honest, the above bolded statement from the first post stopped me from reading further. I know that none of us can predict the future, but it gave me the impression that this system is relatively new and/or you don't have a great deal of ...

(binned per thread starter’s request) Truth in Trading

Not good. Lost 2.5% on the Nikkei this week getting whipsawed around. And my nice AU short stopped out at BE last night thanks to the Fed. I left the position on expecting the Fed to be a bit more hawkish than that. It was not to be. On holiday from ...

The Swamp

I don't think that AUD is being manipulated by the RBA at the moment. I think this move up is being driven by commodities (especially gold and oil/gas) and Asian equities more than anything. If you pull up charts and compare last week's prices of ...

Discovering An Edge

Hey Vlad, -40 is not so bad for such a wild NFP day. I lost 30 including costs, but am quite happy with that because I kept my leverage low and got out fast when things weren't working. Can't say fairer than that Your AU losses were probably my ...

Discovering An Edge

Hi Sisse, I guess what you're saying here is that price is at an important level and could go either way. If ECB/Fed both do nothing this month then price will probably go up. If either ECB or Fed take action then price will probably go down. So ...

The Really Useless Thread

Yes, crazy it is! I'm glad I didn't trade EU though. Reckon a lot of people got hurt on that. I'm going now before I become tempted to open another trade! Have a good weekend

Discovering An Edge

No, I don't iron those! Tried another short as it was going down after NFP. Out -10. Crazy moves, up and down like a yo-yo. I'm done for the night. Good luck!

Discovering An Edge

Yeah, it was not to be. SL -15. I'll go and iron my shirts and try again later.

Discovering An Edge

Yeah, I started trading actively again about the same time as you. The break did me good I think. This move up seems weak to me, so I couldn't resist a small short here. But it will probably hit my stop at 0.7385 soon. If so, I'll wait until after ...

Discovering An Edge

Hey Vlad, it's been a while! Hope you are well. AUD.USD looks like it's itching for a drop. Short at 0.7370.

Discovering An Edge

Couldn't agree more Got a bit of wine inside me now so can't resist one last comment. This time I'm playing devil's advocate because I've been a bit too hard on that little lonely TZ sitting 70 pips away from where you entered, Bill. ...

Jay's High Probability Setups

At last, here is version 2 of my BADL indicator for NinjaTrader. After a lot of fiddling and testing it seems to be working well in a variety of conditions (historical, live, disconnected, connected, main only, main and sub), and the two data series ...

Better ADL

Sorry, I just want to clarify the stop level because it might be misleading. The example stop I used was 140 pips from the target TZ, so actually 70 pips from the entry price. This gives a risk:reward of 1:1. And here is an extract from the stats, ...

Jay's High Probability Setups

Very nice results C. Well done

Diversified Trend Trading Approach

Yes, I totally agree that stops are dynamic. It's just that you have to specify a stop level in order to obtain the probability of which one will be hit first (according to history, that is). I chose 140 pips (double the retrace) just as an example. ...

Jay's High Probability Setups