I reset my account. I thought my percentages would reset as I deposited additional funds but I guess not.
Anyway, my GBP/USD cycle analysis is for sale to interested persons. It is useful for daytrading using 15 minute charts. It is a timing based method and not price based. Once you know the cycle, it will repeat into the indefinite future. There are about 6 turn points per 24 hour period on average.
Now why after all these years are we trading $80 bucks?
Normally this would be the point where I'd shake my head sadly, but the funny thing is I do believe and have proven that there are very strong time based cycles in fx. I'd post the spreadsheet, but my laptop blew up...again...sigh.
If you sold eurusd every night at 00:00 and closed out 01:00 for the last year it's worth over 1200 pips for that hour. The problem I have with this is that the cycles change and there is no way to pick it up before it's to late. The money be long gone by the time I notice the cycle changed.
15:00 and 16:00 are also two very directional time periods. So I do buy the concept and I vaguely remembered your post on Oanda which is why I had a look in the first place at time based trading. Been searching for that post for some time and behold, here you are...
You been doing this at least since 2003 right? Why not show a longer history? And it be real simple to automate actually.
I'm not looking for a fight and I wasn't criticizing.
I'm sure I said I'm very interested in the concept. To the point that your Oanda post made me go have a good look at time based trading. And the results were that there are very strong time based patterns in fx. Certain times of day the same things happen, because the same people get to their desks at the same time and do the same things, which lately has been selling euro's, especially at midnight GMT.
I could make systems public and they would look good, but then again I know ultimately they will fail. So there is little point in doing so.
I do not have a working automated system at this point in time. They all work for a while and then fail. Which brings me back to time based patterns. The patterns will change. And it will take time to pick that up. Maybe to much time to trade it profitably.
It is little suspicious though, don't you think, that after 7 years you've managed to accrue $80 trading fx?
Yes, I do not want to post an angry message hence I edited my post to avoid you upset. However, consider that before you criticize another person who reveals their trading activity publicly, you should also be showing your live trading publicly. Otherwise, please mind your own business. You do not know of my financial situation. My life has been very rough due to severe health problems.
For the love of god, where did I criticize? If it's the $80 bucks thing, well people are going to look at that and wonder. For the so many'th time I said I am so interested in the concept that I investigated it and I saw that there is merit in the idea.
I'm not punting anything, so I don't have to prove a result. You are, so you have to.
Doesn't help that you delete your results either.
All you need to do is prove this concept works and the money will find you. But for that you're going to need coherent results. Doesn't matter if it's on $80 bucks, but there needs to be a sustained history. You been at this since 2003. If it works you must have one...
I was interested in hooking up a time based thing to my pyramiding software. If there is a time based cycle and one can pyramid into it...
But I must say, after this conversation I have my doubts. I don't think you're trading what you're punting successfully.
Oops, system deleted again...terrible show. Yet I believe there are time based patterns in fx. Just wish I knew where the original info came from. Never seen anything like it in all my years of fx. Very original idea, and definitely has merit to it.
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