Trade2Win Forums http://www.trade2win.com/boards/ Community website for active traders (short-term and daytraders) with live trading rooms, trading discussion boards, trading book store, infomation about trading/brokers/software/technial analysis en Tue, 21 May 2013 06:13:12 GMT vBulletin 60 http://www.trade2win.com/boards/images/trade2win/misc/rss.jpg Trade2Win Forums http://www.trade2win.com/boards/ Offer Trading Classes http://www.trade2win.com/boards/forex/173910-offer-trading-classes.html Tue, 21 May 2013 02:40:19 GMT Its their any website out there that offer Trading classes ? Its their any website out there that offer Trading classes ? ]]> Forex burdianex http://www.trade2win.com/boards/forex/173910-offer-trading-classes.html Profit.ly for forex http://www.trade2win.com/boards/forex/173894-profit-ly-forex.html Mon, 20 May 2013 17:07:56 GMT Does anyone know of any sites similar to Profit.ly but for forex? Does anyone know of any sites similar to Profit.ly but for forex? ]]> Forex BECOMING-A-TRADER http://www.trade2win.com/boards/forex/173894-profit-ly-forex.html Simple Cable + Euro breakouts journal (no indicators) http://www.trade2win.com/boards/trading-journals/173892-simple-cable-euro-breakouts-journal-no-indicators.html Mon, 20 May 2013 17:00:59 GMT These trades are neither time-consuming nor attention-demanding. Whether they’re profitable is another matter. I’ve seen many similar ideas dismissed - and perhaps rightly - as “essentially random” and “invalid”, and am interested to discover whether the timing, here, might make this one any... These trades are neither time-consuming nor attention-demanding. Whether they’re profitable is another matter.

I’ve seen many similar ideas dismissed - and perhaps rightly - as “essentially random” and “invalid”, and am interested to discover whether the timing, here, might make this one any better.

For Cable and for the Euro, just before 3.00p.m., I’ll identify the high and the low between 1.00p.m. and 3.00p.m. (UK time: the first half of the daily period during which both London and New York are open), and enter (usually) limit orders at 3.00p.m., good for two hours only.

Cable - two OCO limit orders: long entry 2.5 pips above the 1.00-3.00 high, and short entry 2.5 pips below the low, each with a profit target of 21 pips and trailing stop of 21 pips. For the Euro (EUR/USD), exactly the same but TP 18 pips and TS 18 pips.

There’s a vague similarity between this and something called the “Big Ben Method”, or something similar, I think? I believe that was/is based on London early morning trading, and that it may be based on so-called “overnight support/resistance levels“? My own suspicion is that overnight ranges/levels don’t signify nearly as much as ranges when trading’s active on both sides of the Atlantic?

I’m hoping that the price movements that trigger the opening of trades with this system will, overall, be something more than just random volatility.

For the moment, I’m planning to keep it as simple as that. Possible improvements to think about in future might include …

1. Not entering a trade if there seems to be a significant chance of its quickly hitting resistance, on the basis of recent levels of support/resistance

2. Filtering the trades according to underlying trend (however defined)

3. Filtering trades according to what proportion of the ATR is “already accounted for”

4. Entering on a pullback rather than on the initial breakout (conceivably better for the Euro than for Cable? Not convinced about this)

Comments/suggestions/observations are welcome. With no intention of limiting the conversation I’d like to mention a few little points in advance …

(i) I’d be interested to hear any perspectives on TP’s and SL’s (my normal trading doesn’t use either of the ideas of TP’s and SL’s employed here), bearing in mind that my specific, perhaps-too-ambitious, perhaps-inappropriate objective is for non-time-consuming, non-attention-demanding trading. I always instinctively feel that entries are “relatively easy” and it’s perhaps exits which primarily determine one’s fate and fortune

(ii) for myself, I have no great interest in any suggested improvements involving “indicators”

(iii) I may not be able to post every day, and will often post after the trades (the method is of course relatively objective and the trades easily enough retrospectively verifiable - I‘ll take my figures for this thread from Oanda charts)

(iv) There may be a decision to be made about whether it’s worth trying anything like this, at all, on Friday afternoons?

(v) It’s unclear to me whether this idea, if it works at all, is truly based on support/resistance rather than on trend

(vi) It might occasionally be necessary - as the parameters are currently defined - to use market, rather than limit, orders (and sometimes even to miss a pip or two, as well)? ]]> Trading Journals alexaherself http://www.trade2win.com/boards/trading-journals/173892-simple-cable-euro-breakouts-journal-no-indicators.html Time Frames: http://www.trade2win.com/boards/forex/173888-time-frames.html Mon, 20 May 2013 15:49:18 GMT I was just wondering what is the typical timeframe people trade from in forex? I was just wondering what is the typical timeframe people trade from in forex? ]]> Forex Steakeater http://www.trade2win.com/boards/forex/173888-time-frames.html <![CDATA[Bid & Ask spread during midnight #futures]]> http://www.trade2win.com/boards/futures-options/173882-bid-ask-spread-during-midnight-futures.html Mon, 20 May 2013 15:26:19 GMT Fellow traders,

I was wondering as a beginner how big the bid and ask spread could be during midnight in Chicago/New York of following futures:
[*]Wheat futures[*]Gold futures[*]E-mini[*]Corn futures

Thanks and cheers! ]]> http://www.trade2win.com/boards/futures-options/173882-bid-ask-spread-during-midnight-futures.html Automated Trading Course http://www.trade2win.com/boards/trading-systems/173878-automated-trading-course.html Mon, 20 May 2013 14:31:12 GMT Here comes the tutorial promised in the 100-pips-robot thread. I'll post the lessons step by step over the next days, and will answer questions if something is unclear. The curriculum:

Lessons 1 - 3: Writing a script. Variables, functions, branches, and loops.

The first 3 lessons can be skipped over when you already know MQL4 or a similar C based language.

Lesson 4: Developing a simple trend trading system.

Lesson 5: Developing a counter trend trading system. Optimizing and Walk-Forward testing.

Lesson 6: Developing a portfolio system that trades with several methods and currencies. Improving profits with money management.

Lesson 7: Artificial intelligence. Using machine learning for automated price action trading.

Lesson 8: Programming a robot that generates 100 pips daily - guaranteed! ;)

None of the trading systems in the lessons use any technical indicators for trade signals.

The course will go over about 2 weeks and is based on my C trading tutorial. At the end of the first 4 lessons you should be able to write a simple automated system, and at the end of the whole course you should be able to write complex and profitable strategies. If you do not understand something, please give feedback here, so that I can improve the tutorial.

For for running the script examples and testing the strategies you'll need the free Zorro platform. It's available on my website Link Removed. We can't use MT4 or MT5 for the course because they need a lot of C code even for simple tasks, so the examples would be too long and complex for easy understanding. There is also no proper method to test your system in MT4 or MT5, but testing is essential for system development. ]]> Trading Systems jcl365 http://www.trade2win.com/boards/trading-systems/173878-automated-trading-course.html <![CDATA[Random trading systems - "monkey with a pin"]]> http://www.trade2win.com/boards/trading-systems/173876-random-trading-systems-monkey-pin.html Mon, 20 May 2013 14:02:36 GMT Ok now I am sure I am going to get some LOLz from this but it's a genuine question.

I've seen a few articles and papers about random trading strategies and how they can beat a fair chunk of investors performance quite regularly.

Things like...
PLOS ONE: Investment Strategies Used as Spectroscopy of Financial Markets Reveal New Stylized Facts
Quote:
PLOS ONE: Investment Strategies Used as Spectroscopy of Financial Markets Reveal New Stylized Facts
Computer Simulation Suggests That The Best Investment Strategy Is A Random One - Forbes
Quote:
the best strategy for investment isn’t any kind of plan at all. Rather, the authors of a new study suggest, the best way to invest is to invest randomly.
What do people think about this?

I think it sounds interesting and could be fun to try, with a very diverse set of shares, funds, etfs or something, but I would want to use some risk management on it.

Thoughts? ]]> Trading Systems ryandj2222 http://www.trade2win.com/boards/trading-systems/173876-random-trading-systems-monkey-pin.html Nice steady share http://www.trade2win.com/boards/stocks/173866-nice-steady-share.html Mon, 20 May 2013 12:00:34 GMT I was looking for a nice steadily rising share, mainly for spread betting. The AIM share LO-Q was great in this respect, until recently when it rose just a bit too much about a month back and has fallen ever since. It's a good company so hopefully will get back to it's previous steady (boring almost) rise. I prefer this type of share generally. Thanks.
:sleeping: ]]> Stocks merignac http://www.trade2win.com/boards/stocks/173866-nice-steady-share.html LME Data Feed http://www.trade2win.com/boards/data-feeds/173862-lme-data-feed.html Mon, 20 May 2013 11:44:22 GMT Hello,

I'm interested in knowing the lot volumes of lead and copper traded on the LME. I'm interested in knowing the volume traded every 5 minutes.

Which data feed provider for the LME works in AMI Broker? ]]> Data Feeds Fifth_ID http://www.trade2win.com/boards/data-feeds/173862-lme-data-feed.html Developing a 100-pips-per-day robot http://www.trade2win.com/boards/trading-systems/173860-developing-100-pips-per-day-robot.html Mon, 20 May 2013 11:36:50 GMT I have finished my new tutorial about automated trading and robot development - is anyone interested in it? The tutorial is divided in 8 lessons. The first 3 lessons are about script writing, the next 4 about strategy development and artificial intelligence. The last lesson explains how to... I have finished my new tutorial about automated trading and robot development - is anyone interested in it?

The tutorial is divided in 8 lessons. The first 3 lessons are about script writing, the next 4 about strategy development and artificial intelligence. The last lesson explains how to develop a robot with the following performance figures:

- 95% win rate.
- average 100 pips profit per day.
- about 1000% annual return on capital.
- verified with live trading on a real account.

People with some coding experience will probably say: Such a robot is not possible. Yes, certainly not with normal TA, but I'll explain a new and highly profitable method that is used by professionals, but so far has never been published as to my knowledge. Some statistics is involved, but the method is easy to understand (I hope) ;).

If there's interest, I'll post the tutorial here lesson by lesson over the next time. Anyone wants it? ]]> Trading Systems jcl365 http://www.trade2win.com/boards/trading-systems/173860-developing-100-pips-per-day-robot.html mission wallstreet http://www.trade2win.com/boards/trading-journals/173852-mission-wallstreet.html Mon, 20 May 2013 09:57:14 GMT Hi guys, going to keep it short. will be posting my trades on here. quit my day job to focus on trading as i think i can be profitable. aim is to get recognised by a well reputed prop firm or fund that will give me thier money to trade with. I dont have a fixed method of trading. I trade... Hi guys,

going to keep it short. will be posting my trades on here. quit my day job to focus on trading as i think i can be profitable. aim is to get recognised by a well reputed prop firm or fund that will give me thier money to trade with.

I dont have a fixed method of trading. I trade all time frames and use vairous methods form flags, pennants to trend trading and multiple time frame analysis to plane support resistance and break and bounce of trendlines. will add more later.

KING

cos most of my trades will be pending orders i will only post trades that get triggered. i want to make this as transparent as possible. This journal is my CV to a 6 or 7 figure income. I will post my statement at the end of every week confirming all the trades i posted.

Will be risking 1% of my £500 account and R:R will be over 5:1.

When trade goes 3 times risk in my favor I will move SL to BE.

My strike rate is going to be very low and some times i will go through a losing streak and then a couple of winners will make me profitabel again. thats party of trading. I am happy with a 20% stirke rate. 20% strike rate over 100 trades will give me 60% growth in account.

Aim is to be profitable each month. Cant put a precentage figure cos you never know.

Will add more later

KING ]]> Trading Journals wallstreetking http://www.trade2win.com/boards/trading-journals/173852-mission-wallstreet.html Investing.com historical prices. http://www.trade2win.com/boards/indices/173846-investing-com-historical-prices.html Mon, 20 May 2013 08:52:24 GMT Hi . Doing some work on historical us30 index prices. Could anyone tell me why the open price on the historical data page is usually considerably different to the 1430 price on the actual charts? . (same applies to close and 2100.) (From UK so times are in GMT) Cheers. Hi . Doing some work on historical us30 index prices. Could anyone tell me why the open price on the historical data page is usually considerably different to the 1430 price on the actual charts? . (same applies to close and 2100.)
(From UK so times are in GMT)

Cheers. ]]> Indices oddsyfish http://www.trade2win.com/boards/indices/173846-investing-com-historical-prices.html Short Term Technical Analysis for Majors (07:00 GMT) http://www.trade2win.com/boards/technical-analysis/173844-short-term-technical-analysis-majors-07-00-gmt.html Mon, 20 May 2013 08:12:52 GMT *EUR/USD* The single currency remains under pressure, as last Friday’s fall dipped briefly below 1.2800 handle. Subsequent bounce still stays capped at initial 1.2850 barrier, previous lower base and 55 day EMA. With hourly studies heading higher and 4h studies being overextended, further... EUR/USD

The single currency remains under pressure, as last Friday’s fall dipped briefly below 1.2800 handle. Subsequent bounce still stays capped at initial 1.2850 barrier, previous lower base and 55 day EMA. With hourly studies heading higher and 4h studies being overextended, further recovery is possible, however, clearance of 1.2900 zone, 50% of 1.3027/1.2795 fall, is seen as minimum requirement to signal near-term basing attempt and allow for stronger recovery, where next barriers at 1.2950 zone will come in focus. Overall negative tone doesn’t see much of upside prospect in the near-term, as daily studies turned bearish and while price holds below 1.2950/1.3000, previous range floor / 200 day MA.

Res: 1.2850, 1.2888, 1.2900, 1.2930
Sup: 1.2818, 1.2795, 1.2750, 1.2744







GBP/USD

Cable consolidates recent losses that dipped to 1.5157 so far, with 1.5200 limiting the upside for now. Fresh bear-leg that commenced on upside rejection at 1.5321, could extend to 1.5125, Fib 61.8% of 1.4830/1.5603 upleg and 1.5100, round figure support, initial targets, as pivotal 1.5200 support has been lost and near-term top at 1.5600 zone confirmed. Negative near-term studies keep the downside favored, with limited corrective actions expected to stay under 1.5300 barrier.

Res: 1.5205, 1.5262, 1.5300, 1.5330
Sup: 1.5171, 1.5157, 1.5125, 1.5100












USD/JPY

Overall bullish structure remains intact for now, despite overnight’s gap-lower opening and spike low near 102.00 support. Bounce back towards 103.00 barrier, kept positive near-term structure, however, failure to fill the gap, would keep the downside at risk, with good support laying at 102.50, Fib 38.2% of 101.25/103.28 upleg / 55 day EMA, loss of which to confirm further corrective action. Conversely, break above 103.00 barrier, would focus last Friday’s fresh high at 103.28 and signal resumption of broader uptrend.

Res: 102.93, 103.12, 103.28, 103.50
Sup: 102.50, 102.00, 101.90, 101.73








AUD/USD

The Aussie starts the week with slight positive tone and bounces off last Friday’s fresh low at 0.9709. recovery was so far limited under the next barrier at 0.9800, reinforced by descending 55day EMA that keeps upside prospects under question mark. Overall bearish tone still keeps the downside in focus, with key target at 0.9579, May 2012 low, however, bears may be interrupted by corrective action, as hourly indicators are heading north and 4h / daily studies are oversold. Such scenario requires break above initial 0.9800 barrier and regain of the next one at 0.9900, to confirm near-term recovery under way and avert immediate downside risk.

Res: 0.9789, 0.9810, 0.9881, 0.9915
Sup: 0.9737, 0.9709, 0.9662, 0.9600


]]> Technical Analysis WindsorBrokers http://www.trade2win.com/boards/technical-analysis/173844-short-term-technical-analysis-majors-07-00-gmt.html Which resources do you use to better your trading? http://www.trade2win.com/boards/forex/173838-resources-do-you-use-better-your-trading.html Mon, 20 May 2013 07:02:45 GMT Hi everyone, I wanted to ask you a question: What are the top five resources (tools, blogs, news outlets, etc.) that you use in your daily trading which you think better your trading? Thanks for answering. Hi everyone, I wanted to ask you a question:

What are the top five resources (tools, blogs, news outlets, etc.) that you use in your daily trading which you think better your trading?

Thanks for answering. ]]> Forex Rambo35 http://www.trade2win.com/boards/forex/173838-resources-do-you-use-better-your-trading.html Is there any way you automatically predict the outcome of your trade? http://www.trade2win.com/boards/foyer/173834-there-any-way-you-automatically-predict-outcome-your-trade.html Mon, 20 May 2013 04:28:54 GMT What I am trying to say is that is it always to possibly to predict the outcome of your trade and the result be always be in your favor? Can you do it without studying the signals? What I am trying to say is that is it always to possibly to predict the outcome of your trade and the result be always be in your favor? Can you do it without studying the signals? ]]> The Foyer burdianex http://www.trade2win.com/boards/foyer/173834-there-any-way-you-automatically-predict-outcome-your-trade.html