Topic: Dave's Ramblings

This thread will have some content related to the markets, not necessarily Forex, and not necessarily of value.

I have some things from time to time that I would like to share and they are not always going to be of importance to all people.

The posts are to be regarded as anything but trading advice, they are for educational and entertainment purposes.

Nothing in this thread is to be trading advice, for that, refer to a professional with a designation, someone that has a track record and can take responsibility.

There are millions of people that want to represent themselves as experts and offer tips, I am not one of those.

Please enjoy the posts in here and be sure to comment where you feel appropriate.

daveM

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Dave's Ramblings

Market sentiment.

I scanned 2802 stocks on the NYSE regarding momentum to see if they were increasing in momentum or decreasing. Stocks are priced between $10 and $25.

1471, a little more than half had decreasing momentum at the close on Friday, November 21, 2014.

We will see what that portends for Monday.

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Dave's Ramblings

I created an 'Index' of Forex pairs and included Gold and Silver, there are 56 instruments included in the index.

I like to compare the individual pairs to my index and also have a look at the index momentum.

This past several days we have seen a lot of volatility, actually the volatility has been for a couple months and this weekend, as you will see in the chart, the momentum is sagging, the index appears to be overbought.

This could mean that we will see some direction changes in the near future.


http://s16.postimg.org/ycs4p4v5d/Forex_Momentum_Index.jpg

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Dave's Ramblings

Highs and Lows as of Friday November21, 2014

These pairs reached their lowest low in the past 5 days on Friday

EURAUD EURCAD EURDKK EURGBP EURNOK EURNZD
EURSGD EURUSD GBPCAD NZDCAD USDCAD



These pairs reached their highest high of the past 5 days on Friday

AUDCHF ADDDKK AUDJPY CADCHF CADJPY EURCHF GBPCHF
GBPSEK NZDCHF NZDJPY USDCHF USDDKK USDHKD USDSEK

XAUUSD


These pairs reached their 200 day high on Friday

AUDJPY CADCHF CADJPY USDSEK


These pairs reached their 200 day low on Friday

EURCAD

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Dave's Ramblings

here is a Weekly chart of US Dollar Index showing Bearish CCI Divergence and a Double Top



http://s18.postimg.org/9tjvydj9x/Divergence_and_Double_Top.jpg

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Dave's Ramblings

Here is a very simple and yet effective scalping methood for a 5 minute chart.

Someone may want to automate this using FSBPro

Just two indicators, a moving average and RSI 3


http://s15.postimg.org/hienuq2lz/Dave_M_0008.jpg


Update.... I thought I would see what would happen if I used FSBPro to generate a strategy starting with only RSI3(locked) on a 5 minute chart.

Here is a result after a few minutes of the generator running.


http://s27.postimg.org/7nlooucfz/Dave_M_0016.jpg


This looks like it is worth further consideration!

Next change... I notice that there is problems when making both long and short entries, so I put the 'Long or Short' (locked) and restarted the generator.

Here is the next result, fewer consecutive losses.


http://s16.postimg.org/arzvy4e29/Dave_M_0017.jpg


There you can see the beginnings of using the generator to develop a trading strategy.

I could play with this thing more and post more results, however, I just wanted to give a brief on how a strategy can be started. It may help someone.

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Dave's Ramblings

Wanna know where the market is going??

Here is a P&F Chart for the DJI, note the Bullish target


http://s28.postimg.org/47xa7twvd/Dow_Jones_Point_Figure.jpg

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Dave's Ramblings

A couple Renko charts from this morning


http://s24.postimg.org/56c80nds1/EURUSD_Renko.jpg

http://s24.postimg.org/93zhq20ld/EURUSD_Renko1.jpg

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Dave's Ramblings

The following is a stock scan that I did after the market close Monday. I was amazed at the similarities between NYSE and Nasdaq.

When I do this scan tonight I will add Forex pairs to the list


http://s22.postimg.org/ut06bq1fx/Dave_M_0021.jpg

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Dave's Ramblings

a 'Notable Quotable'

“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.”

-George Soros

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Dave's Ramblings

One of the reasons that I use FSB is that I support a family in the Philippines and need money for that purpose.

This family lives in a bamboo house, they have to draw water from the well every day, they have electricity some days for an hour or so.

They have an acreage where they raise corn and rice and the farm is not really prosperous.

In any event, I like to send some money each month to help them with educating the little ones.

For quite some time I have been looking to generate a good sum of money as this family needs a new home with real walls and windows and running water.

Thanks to FSBPro I have finally arrived at the solution to the money requirement. What bothers me is that it took me so long to finally catch on  LOL    smile

I will add a bit more to this post later in the day or tomorrow



http://s22.postimg.org/52w3eh2ul/FSBPro_Strategy.jpg

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Dave's Ramblings

The Euro has hit a nine year low......, and more economic reports are due as days pass.



http://s17.postimg.org/wigra78gr/EURUSD.jpg

a nice run on a Renko chart today

http://s10.postimg.org/n9n2ylemd/EURUSD_Renko_Jan_14.jpg

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Dave's Ramblings

My luck today is not appearing...!!


http://s12.postimg.org/pn1r4j48p/Dave_M_0069.jpg

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Dave's Ramblings

this one is a bit interesting, needs more work


http://s1.postimg.org/4ltkmgbgr/Dave_M_0070.jpg

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Dave's Ramblings

http://s21.postimg.org/4d9ctkfg3/Dave_M_0074.jpg

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Dave's Ramblings

here is another look. I will try a faster time frame and see what results


http://s11.postimg.org/tg7ved78v/Dave_M_0076.jpg

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Dave's Ramblings

Any CHF trades today by any chance? What a day it was...

Re: Dave's Ramblings

A great day for traders.....  Gold was a darling

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Dave's Ramblings

Alpari UK enters insolvency – Rtrs

4 minutes ago | January 16th, 2015 09:48:52 GMT by Ryan Littlestone View Comments

Reuters report that they’ve entered into insolvency after clients sustained losses on yesterday’s Swiss Franc moves

Statement on Alpari’s website is as follows;

    Important announcement

    The recent move on the Swiss franc caused by the Swiss National Bank’s unexpected policy reversal of capping the Swiss franc against the euro has resulted in exceptional volatility and extreme lack of liquidity. This has resulted in the majority of clients sustaining losses which has exceeded their account equity. Where a client cannot cover this loss, it is passed on to us.  This has forced Alpari (UK) Limited to confirm today, 16/01/15, that it has entered into insolvency. Retail client funds continue to be segregated in accordance with FCA rules.

    – See more at: http://www.alpari.co.uk/client-updates/notifications/posts/2015/january/important-announcement#sthash.8SZIPTqA.dpuf

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Dave's Ramblings

Gold has made a nice move, so much so that there is a new P&F target.


http://s16.postimg.org/od61s1old/Gold_Jan_17.jpg

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Dave's Ramblings

http://s23.postimg.org/fvape54fr/Dave_M_0327.jpg

This is the rambunctious pig.

After I feed him and clean him up he is going to do some scans.

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Dave's Ramblings

I try to help these little guys with some of their needs and schooling.



http://s17.postimg.org/ghq6p2unv/10750.jpg



http://s16.postimg.org/ggwx7if5t/50821.jpg




http://s13.postimg.org/xxw5s0ijn/64919.jpg

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Dave's Ramblings

Basaed on what I am reading this evening we will be witnessing more changes in the Forex Broker business.


I see that the Shanghai exchange has made a couple suspensions.

I am sure that as the European press starts to work in the morning they will have more to report.

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Dave's Ramblings

Gold is going to meet some heavy resistance if it wants to go north. That cloud is pretty thick


http://s27.postimg.org/ixj81ct0v/Dave_M_0083.jpg

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Dave's Ramblings

Yup, it works.


http://s14.postimg.org/4poj8rt7x/Dave_M_0060.jpg





http://s30.postimg.org/fe0i8rpp9/Dave_M_0061.jpg

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....