forex scalping 31 7 2015
dimanche 2 août 2015
samedi 1 août 2015
PHI Perfect Structures T2
Hello Folks,
If you are reading this post, i consider you read the PHI Perfect Structures T1 already.
Here are some screenshots that will help you visualise the strategy.
I guess the pictures are self explanatory. If you have any questions, please feel free to ask.
On the other pictures, the Green line represents target price, the Blue line represents Retracement, The yellow Line represents M15 Candlestick breakout and the Red Line represents Stoploss.
The instruments i used to illustrate are listed in the first post (PHI Perfect Structures T1)
My next Post will be on Phi 2,618 Extensions. Still with a fixed StopLoss and a fixed Price target.
Thanks for reading
#IamPhillion
If you are reading this post, i consider you read the PHI Perfect Structures T1 already.
Here are some screenshots that will help you visualise the strategy.
I guess the pictures are self explanatory. If you have any questions, please feel free to ask.
On the other pictures, the Green line represents target price, the Blue line represents Retracement, The yellow Line represents M15 Candlestick breakout and the Red Line represents Stoploss.
The instruments i used to illustrate are listed in the first post (PHI Perfect Structures T1)
My next Post will be on Phi 2,618 Extensions. Still with a fixed StopLoss and a fixed Price target.
Thanks for reading
#IamPhillion
PHI Perfect Structures T2
PHI Perfect Structures T1
Hello Folks,
I hear by introduce you to a strategy i came up with and use every day for my daily intraday trades. *I named it Phillion by the way* :tiphat: .
Some of you pros may somehow trade like that already :D
It perfectly suits beginners due to its simplicity.
What you need is an M15 chart, and the commodity channel index indicator (*optional).
This strategy best suits (not recommending) the following instruments
-US 30, UK 100, EURO 50, CAC 40, DAX 30.
I tested it for a very long time on those instruments inorder to create a particular riskprofile. I don't recommend using it for forex pairs.
* * * * * * * * * * * * * * * * * * * * * * * * * * * * *
So let's go on,
Open your chart and wait for an impluse to retrace 61,8%. (retracements can be measured using the fibonacci retracement tool.)
The retracement should either be very close to the 61,8% level or it may retrace to the 70,70%. A 76,4% retracement is not as effective as the previous onces.
**38,2 and 50% retracements are not allowed**
Once an M15 candlestick touches one of the adequate retracement levels, enter your position immediately after a subsequent candlestick breaks out the high of the previous candlestick.
(Optional) ** you may look for excess on the commodity channel index for more confirmation
Stop-Loss : set your stop loss, just a few ticks below the lowest candlestick after retracement.
exp: after a 61,8% retracement, set your stoploss on the 70,70% retracement.
This is because a breakout on the 70,70% level in most cases will mean a the trend will continue in that direction.
Price Target( Most Important) : Your price target should be set on the 61.8% level (or very close to it) of the retracement. This is because prices may reach this level and cross it, or retrace again, or get very very close to it with really touching it.
A very effective strategy with an incredibly high amount of winning trades. :rolleyes:
In the next post i will add in pictures and some hints inorder to add more confirmation to tha strategy.
Thanks for reading
#IamPhillion
I hear by introduce you to a strategy i came up with and use every day for my daily intraday trades. *I named it Phillion by the way* :tiphat: .
Some of you pros may somehow trade like that already :D
It perfectly suits beginners due to its simplicity.
What you need is an M15 chart, and the commodity channel index indicator (*optional).
This strategy best suits (not recommending) the following instruments
-US 30, UK 100, EURO 50, CAC 40, DAX 30.
I tested it for a very long time on those instruments inorder to create a particular riskprofile. I don't recommend using it for forex pairs.
* * * * * * * * * * * * * * * * * * * * * * * * * * * * *
So let's go on,
Open your chart and wait for an impluse to retrace 61,8%. (retracements can be measured using the fibonacci retracement tool.)
The retracement should either be very close to the 61,8% level or it may retrace to the 70,70%. A 76,4% retracement is not as effective as the previous onces.
**38,2 and 50% retracements are not allowed**
Once an M15 candlestick touches one of the adequate retracement levels, enter your position immediately after a subsequent candlestick breaks out the high of the previous candlestick.
(Optional) ** you may look for excess on the commodity channel index for more confirmation
Stop-Loss : set your stop loss, just a few ticks below the lowest candlestick after retracement.
exp: after a 61,8% retracement, set your stoploss on the 70,70% retracement.
This is because a breakout on the 70,70% level in most cases will mean a the trend will continue in that direction.
Price Target( Most Important) : Your price target should be set on the 61.8% level (or very close to it) of the retracement. This is because prices may reach this level and cross it, or retrace again, or get very very close to it with really touching it.
A very effective strategy with an incredibly high amount of winning trades. :rolleyes:
In the next post i will add in pictures and some hints inorder to add more confirmation to tha strategy.
Thanks for reading
#IamPhillion
PHI Perfect Structures T1
What is Beta in Investing?
Today, on this segment of "The Skinny on Options Data Science", Tom Sosnoff and Tony Battista along with our own Dr. Data (Michael Rechenthin) discuss a topic important for options traders to understand. This segment should be of value to all traders.
The discussion began with a brief explanation of what Beta is: beta is a measure of an underlying's historical volatility with respect to a benchmark (usually the S&P 500). One can calculate beta using a spreadsheet but many trading platforms and mutual fund prospectus provide the information for free.
A chart was shown plotting data points of the Dow Jones returns (DIA) compared to the S&P 500 returns (SPY). Dr. Data explained how to fit a line using “regression” and supplied the simple calculation. He then briefly explained how the correlation was measured and how it should be used along with beta in order to determine how "reliable" the beta is.
A slide was shown with charts showing the correlation of the DIA to the SPY (same as earlier), Diamond Offshore (DO) to the SPY and the 2x Bear ETF (SDS). The actual correlation and beta were listed beneath each. The DIA has a high correlation and beta, DO has a low correlation but moderately high beta and SDS has a high negative correlation and negative beta.
Anyone with a free Google email address can use Googlesheets to make the calculations themselves and pull in the data. Dr. Data explained how to do that. The relevance to a pairs trade was explained.
Watch this segment of "The Skinny On Options Data Science" with Tom Sosnoff, Tony Battista and Dr. Data for a great explanation of Beta and how it can help your understanding of the markets and your trading.
Math is the most feared four-lettered word around, even to Tom and Tony. Luckily the well dressed Dr. Data is here to show how to tame the beast and even use it to make money. Check out his segments on analysis and data manipulation to understand the reasoning behind our trades.
What is Beta in Investing?
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