different price level and may never come back to where it was. different price level and may never come back to where it was. different price level and may never come back to where it was. different price level and may never come back to where it was. different price level and may never come back to where it was. different price level and may never come back to where it was. different price level and may never come back to where it was. different price level and may never come back to where it was. different price level and may never come back to where it was. different price level and may never come back to where it was. different price level and may never come back to where it was. different price level and may never come back to where it was. different price level and may never come back to where it was. different price level and may never come back to where it was. different price level and may never come back to where it was. different price level and may never come back to where it was. different price level and may never come back to where it was. different price level and may never come back to where it was. different price level and may never come back to where it was. different price level and may never come back to where it was. different price level and may never come back to where it was. different price level and may never come back to where it was. different price level and may never come back to where it was. different price level and may never come back to where it was. different price level and may never come back to where it was. different price level and may never come back to where it was. different price level and may never come back to where it was. different price level and may never come back to where it was. different price level and may never come back to where it was. different price level and may never come back to where it was. different price level and may never come back to where it was. different price level and may never come back to where it was.
TARGET REACHED FOR A 50 PIP PROFIT Code: TIME 4% CONFI #of INT [U](MST)[/U] [U]UNITS[/U] [U]PAIR[/U] [U]ACTION[/U] [u]DENCE[/u] [U]SPREAD[/U] [U]PRICE[/U] [U]TP[/U] [U]PIPS[/U] [U]DIFF[/U] 16:50 28,167 CAD/JPY Short 5 PIPS 103.81 103.31 50 Neg Stop: not yet Trade Decision Criteria met: Target reached (upper inner band) Open Trades & Statistics: Code: [u]# of UNITS[/u] [u]PAIR[/u] [u]Direction[/u] [u]PRICE[/u] [u]TP[/u] [u]# of PIPS[/u] 30,925 EUR/GBP Short 0.6632 avg. 0.6631 1 9,957 USD/HKD Long 7.8136 7.8164 28 Code: Balance # of DAYS Open Banked Gain ROI % TRACKED UPL DD Leverage [color=blue]$14,095.72 $650.49 +4.80 17[/color] [color=red]-$375.61 -2.66% 3.7 :1[/color] COMMENTARY: Welcome to "Golden Arches". This is a test. Please stay tuned for the trades to be illustrated in the "Golden Arch's" trading alerts thread after 02/13/07, or as soon as I get flat in these open trades. Thursday. 2/15/07 cst Code: 3:30am GBP Retail Sales m/m 0.2% 1.1% 4:00am CHF ZEW Expectations -10.8 5:00am EUR ECB President Trichet Speaks 7:30am USD Empire State Business Conditions Index 10.5 9.1 7:30am USD Import Price Index m/m -0.2% 1.1% 7:30am USD Unemployment Claims 7:30am CAD Manufacturing Shipments m/m 0.6% 2.3% 8:00am USD TIC Report 60.0B 68.4B 8:00am USD St. Louis Fed President Poole Speaks 8:15am USD Industrial Production m/m 0.0% 0.4% 8:15am USD Capacity Utilization Rate 81.8% 81.8% 9:00am USD Fed Chairman Bernanke Speaks 11:00am USD Philadelphia Fed Manufacturing Index 3.5 8.3 12:00pm USD NAHB Housing Market Index 35 35 5:50pm JPY Tertiary Industry Activity Index m/m -0.1% -0.3%
"AVERAGE IN/DOWN" Code: TIME 4% CONFI #of INT [U](MST)[/U] [U]UNITS[/U] [U]PAIR[/U] [U]ACTION[/U] [u]DENCE[/u] [U]SPREAD[/U] [U]PRICE[/U] [U]TP[/U] [U]PIPS[/U] [U]DIFF[/U] 20:44 13,716 USD/HKD Long 3 5 PIPS 7.8091 7.8136 26 Pos Stop: not yet Trade Decision Criteria met: 4Hr. Demarker Open Trades & Statistics: Code: [u]# of UNITS[/u] [u]PAIR[/u] [u]Direction[/u] [u]PRICE[/u] [u]TP[/u] [u]# of PIPS[/u] 30,925 EUR/GBP Short 0.6632 avg. 0.6631 1 23,673 USD/HKD Long 7.8110 avg. 7.8136 26 Code: Balance # of DAYS Open Banked Gain ROI % TRACKED UPL DD Leverage [color=blue]$14,095.72 $650.49 +4.80 17[/color] [color=red]-$378.21 -2.68% 4.7 :1[/color] COMMENTARY: Welcome to "Golden Arches". This is a test. Please stay tuned for the trades to be illustrated in the "Golden Arch's" trading alerts thread after 02/13/07, or as soon as I get flat in these open trades. Thursday 2/15/07 cst Code: 3:30am GBP Retail Sales m/m 0.2% 1.1% 4:00am CHF ZEW Expectations -10.8 5:00am EUR ECB President Trichet Speaks 7:30am USD Empire State Business Conditions Index 10.5 9.1 7:30am USD Import Price Index m/m -0.2% 1.1% 7:30am USD Unemployment Claims 7:30am CAD Manufacturing Shipments m/m 0.6% 2.3% 8:00am USD TIC Report 60.0B 68.4B 8:00am USD St. Louis Fed President Poole Speaks 8:15am USD Industrial Production m/m 0.0% 0.4% 8:15am USD Capacity Utilization Rate 81.8% 81.8% 9:00am USD Fed Chairman Bernanke Speaks 11:00am USD Philadelphia Fed Manufacturing Index 3.5 8.3 12:00pm USD NAHB Housing Market Index 35 35 5:50pm JPY Tertiary Industry Activity Index m/m -0.1% -0.3%
rjb, I again, need to ask for your help. You are very kind and I really, really appreciate your expertise in this method & MT4. I need to be able to anchor the arch....I like the 299 day setting and I need to lock it at the time I enter...I can not have this rolling after I get in the trade. I need a user friendly field in the input tab that I can lock 299 days back..By entering in todays date it would start the bands 299 periods back...If there is not date and time in the field or an "x"...then they would roll...also I click through periodicity buttons and this would need to quickly adjust according to the period locked (if locked) minus 299 periods back... Can this be done? and please think this through, we need those statistics also, as they are very important. both in the rolling and the anchored...The longer a trade is ...the longer the sample size of the statistics are... I would use the "rolling" for entries and the "locked" for managment. Michael B. P.S. You can understand that if the arch's roll after I lock in a trade...the deviations and regression becomes less efficient...even the high and low bands lose historical significance. See late edits
did you know that 68.8% of the time, the weekly EUR/GBP closed between the inner bands with a 337 pips breadth and the daily...weekly ...and monthly...are all short in the CR?... while earning interest?
stupid question. im curious about why you keep mentioning interest. regardless of which direction the trade is on. i wasn't under the impression that interest is earnt on leveraged capital. how much interest are you seeing on some of your trades? im curious if this is something i should look into.
WJ, I have published a spreadsheet on this...please see the link below in this post, titled "Interest Cow". I urge you to review it (it is printable on one piece of paper)...The APR's are there for your comparison...taking the leveraged affect into consideration. Considering that this method makes its money from price movement on 2-14 days holds utilizing usually under 10:1 leverage, I would say it is not significant. Some dealers pay interest on the cash balance too (5% APR)...My dealer does not deduct the cost of the trade...so not only do I get interest on the paper leveraged holding...I get double interest on the actual cash balance in my account. At times, I may reference to Positive or Negative differentials and compare the targets (TP) per pip value to it...but let's not get lost in those...as this method is not really focusing on it. At times the only profit that is being banked is the daily injection of interest and if you look at the xls spreadsheet titled, "Golden Arch's" (I have posted a link in the following post) you can confirm, at the top in the headers, the dollar amounts of trading profits from interest earned/paid. (Currently you can see $105.57 in interest earned and $544.92 in trading..that is 5:1...trading to interest...so you can appreciate my sentiment, in what this method produces) Talkin'ToTheHouseOfRepresentitivesSavant P.S. I feel a "need" to reiterate what Wifey reminds me of often..."Do not jump over one hundred dollar bills, to pick up pennies".
I participated in this thread posted below, concerning "stratagies of carry" and my opinions of some versions of them.... Please do not mis-understand me...The earning of triple digit APR's are substantial..but consider the range of price movement possible ...the directional aspect of price simply cannot be ignored ...and its all trading...there are not any valid directionaless approaches with minimal managment...my opinion only. http://www.elitetrader.com/vb/showthread.php?s=&threadid=85124