Folks, To summarize. You can make money in Forex. I am illustrating what I feel an approach with valid technical fundamentals. A method that identifies a longer trend and the dip in the long or the rise in the short...can be used to augment your CURRENT TRADING METHOD... The arch's are here to stay and I hope you find them as enjoyable to use as I.... I am very appreciative of this project and the contributors here...and over the months of labor, I feel that these anonymous posters that I have never met...are friends. Traders should help one another and yes it is an individual, independent journey of a ruthless profit making focus. I hope before I die, someone may believe that there are traders willing to share & discuss methods between one another. I would like to leave, what I believe to be what really matters, behind. Corny aint it? I have no doubts as to trends being identified accurately with the arch's and am fascinated at the many ways to use that info...that's all... Let EliteTrader be your blackboard in the classroom, with instruction, challenges & debate, that only the markets can present. ElectricSavant P.S. If I use some of this info and make some money...ok great...but if I do not spend it...what good would it be? If I lose the 14k ...so what? I have a full time job and will still work towards my retirement goals. In other words, I am buying risk and that is how I choose to spend some of my money...I have managed to support my family for 20 years with one income and I have started the savings towards my retirement. I live a frugal lifestyle and drive & live very conservative with very conservative asset holdings...but after reading about the average American family economy..I realize that owing little money and surviving all of this time....well....let's me just say, I have not done everything wrong. denial? no..could I have done better? Yes.
"ENTERED LONG" 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] 20:12 33,336 CHF/JPY Long 3.5 3 PIPS 96.71 97.34 63 Positive Stop: not yet Trade Decision Criteria met: Daily & 4Hr. CR in agreement w/4hr Demarker dotted line long sig. Open Trades & Statistics: Code: [u]# of UNITS[/u] [u]PAIR[/u] [u]Direction[/u] [u]PRICE[/u] [u]TP[/u] [u]# of PIPS[/u] 33,336 CHF/JPY Long 96.71 97.34 63 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]$14,099.68 $654.45 +4.85 18[/color] [color=red]-$600.70 -4.26% 6.8 :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. I added this trade, here in this thread, as I can use it to offset the loss in EUR/GBP & perhaps get flat. Friday 2/16/07 cst (Forecast/Previous): Code: 1:00am EUR German CPI m/m (r) -0.2% -0.2% 1:45am EUR French Nonfarm Employment Change q/q 0.2% 0.2% 2:15am CHF Retail Sales y/y 2.5% 3.3% 4:00am EUR Trade Balance 3.2B 4.5B 7:30am USD PPI m/m -0.6% 0.9% 7:30am USD Core PPI m/m 0.2% 0.2% 7:30am USD Housing Starts 1.61M 1.64M 7:30am USD Building Permits 1.59M 1.61M 9:00am USD Consumer Sentiment (p) 96.5 96.9
"AVERAGED IN/UP" 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] 04:24 20,488 EUR/GBP Short 3 1.5 PIPS 0.6730 0.6671 1 Positive Stop: not yet Trade Decision Criteria met: 4Hr. Demarker & Daily CR. Open Trades & Statistics: Code: [u]# of UNITS[/u] [u]PAIR[/u] [u]Direction[/u] [u]PRICE[/u] [u]TP[/u] [u]# of PIPS[/u] 33,336 CHF/JPY Long 96.71 97.34 63 51,413 EUR/GBP Short 0.6671 avg. 0.6670 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]$14,099.68 $654.45 +4.85 19[/color] [color=red]-$669.76 -4.75% 8.8 :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. The inverse GBP/CHF is signalling long in the 4Hr. Demarker and the Daily CR is long from the low fib line. Caution: The GBP/CHF-EUR/GBP correlation relationship is not always perfect, thus the trade confidence of 3. Friday 2/16/07 cst (Forecast/Previous): Code: 7:30am USD PPI m/m -0.6% 0.9% 7:30am USD Core PPI m/m 0.2% 0.2% 7:30am USD Housing Starts 1.61M 1.64M 7:30am USD Building Permits 1.59M 1.61M 9:00am USD Consumer Sentiment (p) 96.5 96.9
Excuse me for quoting myself. rjb a simple toggle for on and off for "to anchor or not to anchor", could be easier... There are 2-14 days segments representing the open trade time that I need to shut it off during. Shorter timeframes will be affected, greater with this option. Michael B.
I copied this post from another thread here in ET http://www.elitetrader.com/vb/newreply.php?s=&action=newreply&postid=1364606
Hey ES Attached is revised CR_v1d indicator which includes the ability to fix the curve start date. If you require the start date which is used for curve generation to remain fixed and NOT default to 299 bars back from the current bar... then place a Horizontal Line (not a trendline) anywhere on the chart and set the horizontal line color to DarkOrange. Typically you could place the horizontal line on the target price. Cheers
Ok I drew a horizontal line and colored it darkorange (i used the line menu button at the top of my charts....but I do not get any new arches? What does the horizontal line do? Did you mean a vertical line? Is there an order I should follow? Can you guys get this this work? do you have "draw object as background box" checked? Does the drawing of the line merely turn on anchoring/ if it is this easy...well then i am stupid and am trying to make this more difficult than it is...Let me test this with a one minute chart..brb...
Damn it rjb...oyu did it again...brilliant! I can't even spell right anymore guys just the "act" of drawing a dark orange line sets thisi in motion... I wonder if another color line is separated from this? Let me check brb
damn dude rxnowrfro[ijgqg1]4f4[p2o the dark orange line sets this in motion... dfsE[RF56867-=Q234)(*&^%$ sO YOU CAN USE OTHER COLOR HORIZONTAL LINES WITHOUT ANCHORING THE cr Awfdlhweuig4)(*&^ Cant type now cya and thanks... genius that rjb...daaaaaamnnnn
I now must calm down and yield...this system has been created by the wonderful participants here...I am only the writer now... I enjoy trading and writing and am completely content to yield.. Thank you all and rjb...i will be reading here time-to-time about YOUR system fellah's... DarkOrangeLinedSavant -------------------