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Thread: The Weekly Opening Range Method

  1. #21
    Hello PipRage - it's posible that you tell me plz what was the enteries you had this week? I am bad with all the range you use. I believe it's the low and high end Monday 5am EST although maybe not knoing when it begin. I was thinking only once ceased so I am wrong and need help since you didn't post enteries on Monday as 2 weeks you did.
    Thanks to you

    DW


    Quote Originally Posted by ;
    PaJaSoft,
    Yes, The W.O.R.M was stopped out twice so I am out before next week.
    Any chance of you posting more details of previous drawdowns? Such information might be quite helpful to my ongoing research into this concept.


    2007 profits: 150 pips.


    Ken

  2. #22
    Quote Originally Posted by ;
    Hi PipRage - it's posible that you simply tell me plz what's the enteries you had this week? I'm bad with all the range you use. I think it's the high and low end Monday 5am EST but not knoing when it start. I had been thinking only once ceased so I'm wrong and need help because you did not post enteries on Monday as 2 weeks you did.
    Due to you

    DW
    driftwood,
    My first entry was the short at 1.9553.
    Stopped out in 1.9603
    My second entry was the long at 1.9619
    Stopped out in 1.9568
    Even more fruing was that this 2nd position was 80 pips in profit 24 hours before the stop out.
    Mind you, it really doesn't bother me once I consider how many occasions I have been 4-5 pips away from a double stop-out simply to reverse to my 100 pips profit. I have also had many trades where I have only hit on my 100 pip limitation by the barest of margins before a huge reversal. I have been overdue for a few drawdown. Everything you overlook on the swings, you pick up on the roundabout.
    Choppy weeks like this one will kill the WORM. That's why I won't trade after 2 stopouts. I would have been stopped out again when I'd re-entered on the short side for a 2nd time.
    See you next week.

    ken

  3. #23
    Hello PipRage - Thank you for response. I see better now I visit before Mon 21.00 Melbourne/05.00am EST low was 1.9554 for me so youre enterey make sense. I see finish period of range is Monday 21.00 Melbourne/05.00am EST but I confuse when is beginning of range?

    Thanks to you.
    DW

    edit - No need to answer I see it better now.

    Quote Originally Posted by ;
    ,
    My first entry was that the short at 1.9553.
    Stopped out at 1.9603
    My next entry was that the long at 1.9619
    Stopped out at 1.9568
    Even more fruing was that this 2nd place was 80 pips in profit 24 hours before the stop out.
    Mind you, it really does not bother me when I consider how many occasions I've been 4-5 pips from a double stop-out simply to reverse to my 100 pips profit. I've also had many trades where I've just hit my 100 pip limit by the barest of margins in front of a huge reversal. I've been overdue for some drawdown. What you miss on the swings, you pick up on the roundabout.
    Choppy weeks such as this one will kill the WORM. That is why I will not trade after two stopouts. I would have been stopped out again when I'd re-entered on the short side for a 2nd time.
    See you next week.

    ken

  4. #24
    The subsequent times are posted as eastern regular times Sunday 2pm New Zeland opens 4pm Australia opens 6pm Tokoyo opens 2am Monday morning Eurozone opens 3am London opens 8am New York opens so 18 hours following market opens is 8 am Monday morning works for me funny how that worked out

  5. #25

  6. #26

  7. #27
    2nd dual shakeout. 2 weeks in a row
    2007 profits: 50 pips


    Ken

  8. #28
    Wow!

    This week was really very especially exceptional! Since 1.1.2004, that I tested from, there was not any one week when we have to close our entered place at Friday before market near! (since InterbankFX (IBFX) closes market at 21:00GMT for now, I close my place -1-2 minutes earlier too)

    BTW Pip Rage - In 2004 there was lineup of lost by nearly ten (!!) Weeks - every week of this was in lost -100 pips, just one wins all ( 100 pips). Whole year 2004 finished in -zero.... Between 9/2004 - 11/2004 we gave back virtually all of profit of this year... Missing 2 week in line is not nothing special, but I presume not all lost before has to be -50pips lost - I've some suggestions to minimize missing (s) with no plunger profits and tested 3 past years says that there is may be some potential improvent...

    PS: Sorry for my late, I am too bussy today, but I try analyzing some egies derived from your thought and may be in a one or two months I'll have some positive results for you men.... So this week end result 50pips.

    PPS: How you utilize disperse? As I examined, I think, that disperse has to be inserted to S/L and profit must be a bit smaller... - so let say I calculate with fixed disperse 4 pips (IBFX has commonly 4 pips spread for Cable) and so when the station is 1.9000 (High) and 1.8700 (low) my first real input is at price 1.900 1pips disperse = 1.9005 - T/P sets to 2.0000 nad S/L sets to 1.8951 - moment posiotion is similar - input at price 1.8700-1pips = 1.8699, T/P 1.8603 and S/L 1.8645... If you do not calculate with disperse at analyzing, some winning rankings does not win in reside... - if real T/P will be not 100, but 100 spread - some positions ends not at T/P, but at S/L... (counting of this possitions is larger number than in case your real S/L will be not 50, but 50-spread)

  9. #29
    Thank you for starting this. I will be following your outcomes carefully and I will try to exchange together myself.

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