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Nobody here but us chickens....snooze.
Great time to play with TOS though :)
Have a Happy New Year everyone!
the "minutes" act the same way, use this calender
also it list the world wide matter,thanks
http://www.forexfactory.com/calendar.php
It's not a meeting. It's the release of the minutes from a previous meeting.
This is a good calendar for important economic reports and related news: http://online.wsj.com/mdc/public/page/2_3063-economicCalendar.html?mod=topnav_2_3000 There is a link to take you forward in time to 2012 near the top right.
Good to know...thanks!
LKB > Thanx Now 10:32 In TZA 200 @ 26.15
Nice trade Spdpro.
vto rsi system. I roughed out a version that varied its rsi triggers accoring to relative level of vix versus long term average vix but it was no help.
on the bright side, this is why I always backtest any idea for at least ten years back.
can't tell you how many ideas I have seen that look good on a few months chart but blow out longer term.
not to mention mega issues like fed injections.
Testing ... testing ... in the wee hours of the morning.
Typically, if the 61.8% gets breached, a chart attempts to move back to zero. It doesn't always make it completely to the bottom but, finding support at 1.2873 would be a bit early IMO. I'm not sure if the forex world will behave the same though. This will be interesting for me to watch develop.
Euro started dropping at 3am. Now under 1.29. Will put pressure on our market down as it did y.
Here is a new chart that I came up with for slower 60min trading. Uses the standard MACD 12,26 but signal is slowed to 30. Last 4 reverses have been pretty easy to see. Chart was much more difficult to read in Nov with all the opening gaps. I will be watching it going forward. MACD is prone to divergences, so that is an issue to watch for. Looking for a second TA for a second opinion.
Duma > once we are into 2012 I fully expect that too return
Don't have enough data yet to know for sure if 24hr TF watching will be better. My gut says yes. Have not had any major reverses over night like we were having earlier this month.
Desert > looks like you've been busy by looking
at that TOS chart and studies , Cool
Yes this FX mess is going to be hard to counter in my opinion
and watching it close is a "must" in my book. Today looked a
total surprise and I think that caught a huge number of players
Off Guard and I'm certain the "machines" have that equation
factored in also into the Buy/Sell algos. Mark 1.2873 as line
in sand and /DX at 81.65ish
Duma > as long as your using TF (all) and premarket
in that 60 mix to render decisions, Like Today in AM
Indeed...they are sneaky little Ratz!
The EUR/USD broke through the 61.8% retracement. One of my indicators looks like it has bottomed so, maybe we'll see a little back testing; but, breaking that retracement is significant IMO. It also looks like a very large head and shoulders formation. I think it's a weekly chart worth keeping an eye on the next few days.
What's your opinion?
I think I was gone that day for that lesson.
I am having some of the same issues about trading. But I am committed to my SR60 charts and then as I have time, plan to play a faster chart. So far, SR60 is the only thing that has been reliable for adding to my account in a significant way. I have now seen it in a multiple of market conditions. Of course any system is going to do very well when the runs are long, but SR60 has been holding it's own even in this choppy market.
Look forward to the new year and hope we all do well.
Beware Of the Nite and the Futures Ratz
LKB > remember, whatever I have said will keep you "Out"
of trouble, you guys know what to look for concerning
these wild moves. Pops N Drops 2011
Do you ever sleep? LOL Vampire perhaps?
Prob nothing much in AH until 2AM or so
Hi Duma, reviewed your i-box charts regarding SR60 and I see exactly what you wrote. I've been watching spdpro's TOS charts, mostly, the last several months.
I gotta decide what kind of a trader I want to be when I grow up, as I'm having a tough time deciding in this environment.
Wishing you a properous 2012. Thanks for sharing all you do.
LKB
Easy day to trade SR60. Market peaked between 6am and 9:05 and then started the tank which lasted all day. Very strong negative close. Did have a 1:30 mini reverse to trip up the weak hands or to allow for another entry.
VTO reading 48, so no threat there. Now to see what happens AH.
fun isn't it, good heads up on watching what is "Going On"
I am currently building a simple vto rsi 5 day next day open spreadsheet and then building in the relative vix idea, will distribute when its roughed out properly.
On my 1min chart, MACD has bounced off of a zero crossing effort. This breaks prices out of the last 1 hour channel.
mr c, I think you have some good ideas. I have also looked at several ways of enhancing VTOM, but haven't hit on one I like best. Maybe your's will.
I trade my 60min charts, so VTOM for me is more of a signal for maybe a reverse rather than a trading signal. Signals just come to infrequent to be a major part of my trading plan. But who knows, I may jump on the next trade if it feels right.
This was not suppose to happen, what happened to Santa Clause rally. If there was ever a cause and effect the Euro had to be it this morning. The Euro broke at 9:14 and IWM/TZA broke at 9:32.
SR60 TF had a short and back to long overnight for a very small loss.
SR60 IWM went from long to short at 10am. Gain on long from 12/21 was a modest .68%, but a gain is a gain.
Two mighty long red 60min bars. Now what? Is this long run really reversing or is this just a fake out? Top of this run has been y at 2pm.
one thought from my recent work
relative level of vix plays into a lot of what happens to price movement as traded by my own system. as regards vto rsi, maybe the ideas below might increase profits.
1. for example upmoves during low vix can be more euphoric than under high vix.
2. conversely down moves can be more hard under relatively high vix.
3. how to judge that could be a couple ways, current position versus long term average vix and/or using statndard deviations like you can see in charts at index indicators.com
How might that be helpful ? my first thoughts are to demand an even lower RSI when vix is X% more than long term average and wait to sell for a high RSI when vix is % percent below its long term average.
The vto rsi concept is a thing of beauty because it is simple and effective and I think there are a variety of ways its already fine performance might be enhanced.
as with all ideas and systems, it needs to be crunched thru a spreadsheet or wealthlab etc to go beyond 'looks good' to IS good.
Nocona, Dumah & Grasshoppa
Thanks to all for the replies !
I am still tracking SR60 as I have been doing. But now I have added TF trading at any time of the day. Working to figure out all the details, but when I see a signal coming, for the TF trades I am starting to watch a 133t chart instead of my usual 3min. But need more time and trades to really confirm what I will be doing.
Expect to get TF trades during the wee hours of the night. If I do, I will just look for a good entry as soon as I can.
SR60 IWM (only 9:30-4 hours) went long on 12/21 at 3pm and is still long.
SR60 TF (24 hours) went long on 12/21 at 2pm (one hour before IWM)
short 12/23 at 9am
and long again this morning at 11am.
I wondered how this conflict in signals was going to work out. The short gained a small .26% so no real effect for the extra trade.
So I am going to be trading SR60 IWM, SR60 TF, and also the intraday ticks charts as I have time.
Have a major project starting next week, so expect to cause some issues with my trading. Will do the best I can.
OOps 26.28, long night
Nice day, spdpro.
Out TZA 1000 shares @ 28.28, in was 25.82 from friday 12:30
I have a little different looking chart, but the timings are the same. Good catch.
I removed the Pivot Study from my chart and the problem with the candles getting scrunched up everytime I make a change to the chart was resolved. So, not sure if other studies also cause this problem but, for now, I know it's the Pivot Study. I posted some work done by TimmyB on my board regarding pivots. He tried to code around the problem. It was a good start but, not a solution. I'm going to write to TOS about it and see if they are aware of how frustrating their Pivot Study is compared to other charting programs and ask them to try and fix it.
same here, but once you have your chart set up the way you like it, there won't be any need to zoom back in.
Happy Holidays, all.
gloe
I'm going to save some of these posts to my Board so, I have a place to reference when I put together my notes for my next meeting.
The other thing I'm trying to do that I can't seem to do is to right click and copy a chart. That would be such a great feature because it would copy the calibration of the chart and all it's settings including Studies. It would save a lot of time IMO.
If you are anyone else have thoughts about changes to TOS, please post them on my board.
You hit it on the head. That bugs me to no end also.
I will look over the articles for the same thing about how TF can be used better over the ETF's.
This is real good
Banzai7 at his best
http://www.zerohedge.com/contributed/banzai7s-subprime-christmas-carol
Duma >> ?? I didn't see that,Have no idea on that one
One thing that bugs me in TOS is that everytime you change some setting it sets the calibration of the chart back to default where the candles are all scrunched up and then you have to pan and zoom in again. I did mention that to the TOS people. It is making it very cumbersome to create templates.
With the Style (with Studies) checked, which I think is the only way to save everything in a chart, it also does not save the way the chart is calibrated. This means that if I open a new chart and load a Style saved, I then have to go in and rejustify the heights of the studies, etc. All this is very time consuming IMO. I'll talk to them about it after the first of the year when we meet again.
I read the intro to the article on TF which described why to use it over other indexes. I didn't try to understand the rest on trading it. I figured I would need more time to read that. I just started watching it yesterday compared to TZA.
What happened to Tues on the 5min chart? It is missing.
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As of Oct 2013 I made a major shift in my trading to Phase Charts. I then stopped all my trading with SR60 and F85 although I still use the signals with Phase Trading when the timing is right. I feel that this is a good time to stop using this board to describe and document my trading. This board has operated very well of late as a general board and I like that. I plan to continue posting my general comments on this board just as before, but starting today, Oct 28, I will post all my comments about Phase Trading on a new board that I have created, CYCLE TRADING.
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