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Factor of N
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Created: by Eric j Attachments:190

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Factor of N

  #21 (permalink)
Big game hunter
NY
 
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So far Im ......

1. Ignoring benchmarks that form in a retracement that began in the dead zone .
2. Ignoring bearish benchmaks that see a HH before triggering and ignoring bullish benchmarks that see a LL before triggering .
3. Accepting multiple benchmarks that form in the same retracement .

These arent gray areas but I notice they arent described in this journal . I wanna keep everything nice and objective as much as possible and I keep a list of gray areas if and when they arise so I can clear them up before a forced awareness smacks me with that gray area .

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  #22 (permalink)
Big game hunter
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2 for 2 today , up + 27 pips . Nice moonshot on the home sales news , aggressive bulls were waiting at support - good luck to them . The 00 levels are were the action starts , look at the LTF here for proof .

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Factor of N-eurusd-8_24_2010-240-min-.jpg   Factor of N-eurusd-8_24_2010-15-min-.jpg  
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  #23 (permalink)
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Eric j View Post
The LTF ( longer timeframe , the 240 min. ) Macd histogram needs only to be <> zero to define the trend . The STF ( shorter timeframe , the 15 min. ) Macd histogram needs to be retracing agaist the trend for a setup to occur . Macd histogram and Macd avg. slope is the same thing . Btw , the position of the Macd line <> zero has no bearing on anything here .

OK, this explanation, and re-reading your first post helped. Thanks

What is an ORB? To me ORB = open-range breakout. Outside range breakout, referring to entering when price moves outside of the signal bar's range, in the direction of LTF?

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  #24 (permalink)
Big game hunter
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ORB - see Toby Crabel . The concept is that price should move a certain degree from the last bars range to prove momentum is valid , at least thats what I perceive it as . Ive PMed Suri Dudella and he kindly explained the ORB concept from a mathematicians point of view and Ive been focussing on entering trades with this technique due to his reasoning . If you notice that some benchmarks ( the bar that must be traded beyond ) never see any momentum in the intended direction and you can be saved some grief by virtue of the trade never being triggered at the ORB while entering at the bars close gets you in and the trade goes nowhere , drifts or stops out . You can however wait for the ORB stretch to be exceeded and place a limit order for a better fill although Ive had sucess with a stop limit order at the ORB level , I prefer to enter all the trades that trigger and rarely dont get filled .

http://www.mypivots.com/investopedia/details/150/opening-range-breakout-orb

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  #25 (permalink)
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Eric j View Post
. The 00 levels are were the action starts .


And ends . Sometimes just trading off these levels is all it would take . Notice another winner on the 1045 bar here although thats a little late to be entering a new position . Price never did close above yesterdays high on the 4 hr.

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  #26 (permalink)
Big game hunter
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1 winner , 1 loser and 2 cancellations today + 2 pips . The dead zone ( no entries ) is 1100 - 0100 as of now , see the 60 min. here and the times that range falls off most days . There are some areas in the asian session Im exploring but for now keeping it as simple as possible and staying out in the areas of lower range .

Attached Thumbnails
Factor of N-eurusd-8_25_2010-240-min-.jpg   Factor of N-eurusd-8_25_2010-15-min-.jpg   Factor of N-eurusd-8_25_2010-60-min-.jpg  
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  #27 (permalink)
Big game hunter
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Today was a good day to not get discouraged . 3 winners , 2 losers and 2 cancellations + 4 pips , not great but not red either . The LTF says bullish while on the LTF there hasnt been a close above the prior days high in a week and the 15 min. insisted on LLs .

Following the plan has its advantages and its drawbacks if you see the 1st trade , it was 4 pips from the target and turned around to stopout . Im taking 1/1 profits all or nothing
for one reason - I havent found a " bail out " plan that saves me from full stopouts more often than cutting winners short . If I trail more often than not I cut the winners short and would have been better off just letting it play out undisturbed .

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  #28 (permalink)
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MACD FOREX Strategy

Found this in one of my folders. Just in case you want to have a look. It is also mainly based on the MACD. I have not worked with this though.

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  #29 (permalink)
Big game hunter
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5 trades today 4 winners 1 loser and 2 cancellations + 52 pips amongst the news quagmire . The last trade was right at the cutoff before the dead zone and had nice form sitting right on support . Thats 5 green days for this week , a couple nice days and a couple marginal - and what I learned is .......

1. Just take the prescribed trades like a robot without hesitating and wait for the result .
2. Repeat # 1

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Factor of N-eurusd-8_27_2010-15-min-.jpg   Factor of N-eurusd-8_27_2010-240-min-.jpg  
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  #30 (permalink)
Big game hunter
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Thanks: 1,397 given, 2,570 received



Fat Tails View Post
Found this in one of my folders. Just in case you want to have a look. It is also mainly based on the MACD. I have not worked with this though.


Thanks FT . Just happen to have that one too via a googlefest a while back . I believe the big , big most critical hurdle for me and any trader is believing and then accepting that any logical method will provide and edge eventually . You may have to draw down real deep before your account rallies but the important thing is to apply your edge every time it appears and dont F with it , just trust in your judgement and probabilities .

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