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resurrector
Registered: Jul 2004
Posts: 176 |
08-23-11 03:58 PM
EurUsd 23 Aug 2011
Price action was kind of slow initially.
Placed stop in order for short. Short order was triggered later on. Set a target price to close half of the position.
There was price retracement. Thought that could be stop hunting. Placed a technical stop loss to close half of the position. Howevre, it was not triggered. Order removed.
Price moved lower. Reaching my target price. Half of the position closed.
After 1000h, news of new home sales released. Less than forcast. Closed half of the remaining position.
The remaining position was stopped out subsequently.
Good profit for the day.
 eurusd ichimoku forex singapore fx trading 23aug2011-1-2.jpg
This has been downloaded 98 time(s).
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resurrector
Registered: Jul 2004
Posts: 176 |
08-23-11 04:09 PM
Quote from zhaoyun:
Hello Resurrector,
may i know why you are not using the original parameters for ichimoku?
Hello zhaoyun,
These are the default parameters set by Oanda built in charting. I am just using it "wholesale".
However, if you like to know more, there are plenty of websites discussed about these parameters.
Without going too much into details, the parameters 9, 26 & 52 were used as the trading week was 6 days long when ichimoku was created in the 1930s. With the trading week being 5 days long, the parameters have now been changed to 7, 22 & 44.
regards,
res
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zhaoyun
Registered: Jul 2010
Posts: 33 |
08-24-11 03:44 AM
Quote from resurrector:
Hello zhaoyun,
These are the default parameters set by Oanda built in charting. I am just using it "wholesale".
However, if you like to know more, there are plenty of websites discussed about these parameters.
Without going too much into details, the parameters 9, 26 & 52 were used as the trading week was 6 days long when ichimoku was created in the 1930s. With the trading week being 5 days long, the parameters have now been changed to 7, 22 & 44.
regards,
res
Hello resurrector,
you should try 9,26,52, it may improve your results.
best regards.
-zhao
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resurrector
Registered: Jul 2004
Posts: 176 |
08-24-11 09:58 AM
Quote from zhaoyun:
Hello resurrector,
you should try 9,26,52, it may improve your results.
best regards.
-zhao
Hello zhaoyun,
Will have a look at it.
I do not really want to do a indicator fitting to the price action.
Regards,
res
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