Looking for an indicator..

FTMO Trader Scouting
thinking the same, but need to follow the system.
think 1.3480 is quite likely. wouldnt mind a dip for 1 or 2 days, if it comes back and makes the "true" move until friday afternoon :)
edit: btw what are your tools? ICT'ish tools or do you have self developed indicators and such since you know how to code?
 
TopFroxx said:
thinking the same, but need to follow the system.
think 1.3480 is quite likely. wouldnt mind a dip for 1 or 2 days, if it comes back and makes the "true" move until friday afternoon :)

yes, 13480 is weekly support
 
btw what are your tools? ICT'ish tools or do you have self developed indicators and such since you know how to code?
 
TopFroxx said:
trade was closed for -22 pips. it's fine, considering it got that close to my SL. got a new long signal late friday from 1.3533.

just closed for +60, recouped the loss and then some.
 
got a new long signal on thursday from 1.3608. didnt take it though, because i was on vacation. 50 pips missed so far
 
new signal, short from 1.3603, SL above 1.37. fits well with my discretionary opinion on fiber. statistics based on MTF swing points for fiber also tell me that a close below 1.3520 currently is much more likely than a close above 1.37, lets see.
 
TopFroxx said:
statistics based on MTF swing points for fiber also tell me that a close below 1.3520 currently is much more likely than a close above 1.37, lets see.

Is that statistics as in lies, damned lies and ...? :D

Is that a real stop TopFroxx? Looks to be a lot of risk for your expected gain. Currently testing you I see. (went to 1.35968 and now at 1.36086)

Good luck :)
 
AusDoc said:
Looks to be a lot of risk for your expected gain. Currently testing you I see. (went to 1.35968 and now at 1.36086)

what do you think my expected gain is? and "Currently testing you I see. (went to 1.35968 and now at 1.36086)" i dont know what you mean by that. could you clarify?

cheers
 
I understood you to be anticipating a run down to 1.3520 and since most traders who use swing points exit all or part of their positions at or about those swings I interpreted that as your likely target. Of course you could be thinking of less or more. All I meant was that if that was an initial or final target then stops above 1.37 seem to be risking more than your expected gain. If that's the case then you seem to have great faith in your statistical model.

The currently testing you comment was a tongue-in-cheek observation that so far the model has to cope with price heading the wrong way. Early days though, of course.

Again, good luck :)
 
the statement about the swings has actually nothing to do with this thread or the strategy i use, based on this thread. i dont expect you to read the whole thing (so no worries) since most is about the indicator that helps me implement a backtested strategy (using matlab) into live trading on mt4. i got some real stable results using ~8 years of data, divided in an in- and out of sample period. i think it is worth a try forward testing this in live conditions, so that's what is currently being done.
also some smalle intraday fluctuations are of no interest to me, since the trades are going to be held for a week if the stop does not get hit. it's not an intraday strategy, more like swing trading. that is also the reason for the seemingly large stop loss.
 
Sounds interesting. You're obviously very methodical.

All the best for your strategy development. I hope it works well for you TopFroxx.

Cheers
 
how's that working out .......?

s


rod178 said:
all my tools are screaming sell the Fiber, although note that I trade mostly intraday
 

Attachments

  • euro trash short.png
    euro trash short.png
    14.4 KB · Views: 143
That now seems like last year. worked out, rather than working out. Have not traded it since then,now mostly the Cable..

only one short Fiber on 17th on OTE late LOKZ for a little over only 30pips.

PS preferred your previous Avatar
 
TopFroxx said:
new signal, short from 1.3603, SL above 1.37. fits well with my discretionary opinion on fiber. statistics based on MTF swing points for fiber also tell me that a close below 1.3520 currently is much more likely than a close above 1.37, lets see.

just closed for a 2 pip loss, and opened a long, since i got a new signal
 
FTMO Trader Scouting
Back
Top