Market Oracle Forum | CSendo | Activity https://forum.marketoracle.io/members/csendo/activity/ Activity feed for CSendo. Tue, 28 Jul 2026 14:33:28 -0400 https://buddypress.org/?v= en-US 30 hourly 2 009cfb152bf99e55b5b079bd20d5e385 CSendo replied to the topic Nature of Markets – Randomness & Probability in the forum Trading Systems Discussion http://penguintraders.com/forums/topic/nature-of-markets-randomness-probability/page/4/#post-12776 Thu, 07 Jul 2016 08:28:33 -0400 I would be interested to see too. I fail to comprehend how understand how anticipating moves to the tick is still not satisfactory… if I could predict moves even within 10 pips I would be gone in my i8  B-)

]]> 0 58992051f47e243b9ff30c5c97915700 CSendo replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion http://penguintraders.com/forums/topic/a-flexible-and-compact-currency-strength-indicator/page/11/#post-12751 Tue, 05 Jul 2016 01:20:28 -0400  

Nice to see you around friend :)

]]> 0 9ef8a3a19d03fb9441e0973a1f57addf CSendo joined the group Deep Q forex https://forum.marketoracle.io/activity/p/18917/ Mon, 27 Jun 2016 07:25:28 -0400 0 652c68795f08e126de4aec4dec8892ab CSendo replied to the topic MMLC (major move life cycle) indicator in the forum Indicator discussion http://penguintraders.com/forums/topic/mmlc-major-move-life-cycle-v12-indicator/#post-9218 Tue, 17 Nov 2015 15:38:20 -0500 Thanks a lot for your code! Have you done any research or used it yourself? It’s quite useful :)

]]> 0 e59602d12917e39505cf6ae969cd2550 CSendo replied to the topic Magnetic Line Trading. in the forum Trading Systems Discussion http://penguintraders.com/forums/topic/magnetic-line-trading/page/2/#post-8749 Thu, 05 Nov 2015 13:58:07 -0500 Trust me I’ve been using this system for about 5 hours now and I made so much money I don’t know what to do with it.

]]> 0 ba4c4b68cbf7d31125b242bd7549f9a8 CSendo replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion http://penguintraders.com/forums/topic/a-flexible-and-compact-currency-strength-indicator/page/5/#post-8495 Fri, 16 Oct 2015 15:09:05 -0400 I have a bit of a silly question if you don’t mind..
What’s the point of using a CSI?

From what little I have read about it, I see two uses. The first is when you have a particular setup on two or more pairs sharing a same base currency (EJ/EU), one can use CS to pick the pair with the greatest gap between strength. The second is to trade a…[Read more]

]]> 0 b31167cff0521c60e6cbdfca290afc77 CSendo replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion http://penguintraders.com/forums/topic/a-flexible-and-compact-currency-strength-indicator/page/5/#post-8486 Fri, 16 Oct 2015 13:34:23 -0400 Interesting and good work! I may decide to give this a go next week and see how it works..
I’m not very experienced in currency strength indis. To me it feels like a different field detached from price, kind of like volume analysis. You can certainly trade without it, and you can certainly improve crucial aspects of your trading with it if you get…[Read more]

]]> 0 178d0dd9a2cf0e556c3fbaced6baeea4 CSendo replied to the topic Penguin's 1st Anniversary Party ??? in the forum Site Related http://penguintraders.com/forums/topic/penguins-1st-anniversary-party/#post-8325 Sun, 11 Oct 2015 17:51:51 -0400 I wouldn’t put site reconstruction anywhere near the top of my list either, it was just a thought I had about the site in general.

As far as I know Saver does run the site himself and is really busy, hence why he hasn’t posted much here after things settled down a bit after the initial launch.

“Giving a little more life to our discussions and…[Read more]

]]> 0 d4d5d731544ad1377905242729fd9801 CSendo replied to the topic Nature of Markets - Power of Probability, Compounding & 1pip in the forum Trading Systems Discussion http://penguintraders.com/forums/topic/nature-of-markets-power-of-probability-compounding-1pip/page/13/#post-8139 Thu, 01 Oct 2015 16:48:57 -0400 Hmm, that’s quite the question isn’t it! Personally I’ve been thinking about this question a lot lately because I use a strategy that is not quite 1 pip, but it’s taking large positions and getting away with a few pips at a time.
To me, TA tells us which side the probabilities fall on. It is a pre-structure set up, and a post-structure result.…[Read more]

]]> 0 69ac625fb6dbffb77c484d8b645f44c7 CSendo replied to the topic Nature of Markets - Power of Probability, Compounding & 1pip in the forum Trading Systems Discussion http://penguintraders.com/forums/topic/nature-of-markets-power-of-probability-compounding-1pip/page/12/#post-8028 Sat, 26 Sep 2015 06:57:43 -0400 Good work GG! Thanks for the continuous updates.

]]> 0 75e0ccbfd348f5193c78e60aa135f9b2 CSendo replied to the topic NFP - amusement in the forum General Discussions http://penguintraders.com/forums/topic/nfp-amusement/#post-7783 Fri, 04 Sep 2015 17:27:27 -0400 I noticed this as well. I don’t have much to back it up atm though, it’s something to pay close attention to thought because often this sort of thing can happen within a 1 minute bar as well, so looking over exported data will not show it correctly. My current issue with this is that trading during the news has such a huge spread for most of the…[Read more]

]]> 0 1c7a1676917cbcf5eadded99b2bcb06b CSendo replied to the topic Nature of Markets - Power of Probability, Compounding & 1pip in the forum Trading Systems Discussion http://penguintraders.com/forums/topic/nature-of-markets-power-of-probability-compounding-1pip/page/5/#post-7239 Sat, 04 Jul 2015 00:45:27 -0400 Cool thread Saver!

I also came to the conclusion a while ago that maybe a margin call isn’t so bad in the long run, and using your entire account as your stop loss works if the numbers are right, especially if you take withdrawals out after a streak of winners. I think this idea works well if you use another “axiom” of the market: breakouts work.…[Read more]

]]> 0 a6fb54ac0f28d4ef02bb0001fa972a6d CSendo replied to the topic Pivot Points in the forum Development http://www.penguintraders.com/forums/topic/pivot-points/#post-5108 Sat, 28 Feb 2015 01:34:54 -0500 I agree that the overall direction of the trend is certainly down, and multiple banks have short positions on EU. However while I fully expect EU to make lower lows, as a gambler I don’t want to miss out on opportunity =p. I still believe in “action points” where price can decide if it wants to change direction or continue. Finding the general…[Read more]

]]> 0 453eae5b3857f190748bcf530361a95f CSendo replied to the topic Pivot Points in the forum Development http://www.penguintraders.com/forums/topic/pivot-points/#post-5069 Thu, 26 Feb 2015 01:51:21 -0500 Cool! I will try to come up with some more theories in the mean time. Something that I think I have lacked is screen time, which I think is not very common. With all my time glued to research, I hardly ever actually look at the chart, and well, visuals are where we get the idea of patterns from.

 

In the meantime, EU has been somewhat.. close to…[Read more]

]]> 0 a4b92f752ef9762fae98faf6e28bfe15 CSendo replied to the topic Pivot Points in the forum Development http://www.penguintraders.com/forums/topic/pivot-points/#post-4976 Sun, 22 Feb 2015 09:57:05 -0500  

I’ll have to somewhat agree on this. I know a trader who pretty much exclusively trades E/J. eurusdd seemed to primarily trade E/U. I have primarily been trading E/U. Although there are certainly some differences, which could be potentially attributed to the “strength” in each one, a lot of times it feels like it doesn’t really matter what…[Read more]

]]> 0 2b4b08ed6f97080de8e17ca550109579 CSendo replied to the topic Pivot Points in the forum Development http://www.penguintraders.com/forums/topic/pivot-points/#post-4903 Thu, 19 Feb 2015 02:14:18 -0500 Hmm maybe I should start a trade journal instead.

Aside for the scalps in yellow, the entries for swing trading in purple have been very good. I have been very content with them. I tried an add-on last night for longs because the top looked not so good, but it turns out I was wrong. I ended up getting stopped out with a -1% loss. I was prepared…[Read more]

]]> 0 5e5a503871945d5f605453c0a34f604d CSendo replied to the topic Pivot Points in the forum Development http://www.penguintraders.com/forums/topic/pivot-points/#post-4903 Thu, 19 Feb 2015 02:14:18 -0500 Hmm maybe I should start a trade journal instead.

Aside for the scalps in yellow, the entries for swing trading in purple have been very good. I have been very content with them. I tried an add-on last night for longs because the top looked not so good, but it turns out I was wrong. I ended up getting stopped out with a -1% loss. I was prepared…[Read more]

]]> 0 83203e0fe72684e09f78a8d7b524403e CSendo replied to the topic Pivot Points in the forum Development http://www.penguintraders.com/forums/topic/pivot-points/#post-4833 Tue, 17 Feb 2015 04:02:37 -0500 Even probabilities of uneven reward=edge for me

I got out of my short at a good spot yesterday, and I’m back in long today. I’m estimating that my odds right now are about 56%. Not that great right? I use to think so but I’m much more comfortable with it now. I’m looking to break the nearest Top TZ at around 1.1442, with a stop a tad below the…[Read more]

]]> 0 0021b9432f091293f9017a1b832c5baf CSendo replied to the topic Pivot Points in the forum Development http://www.penguintraders.com/forums/topic/pivot-points/#post-4806 Mon, 16 Feb 2015 03:44:01 -0500 Some discretion I think is still necessary at this stage until further indicators are made. I agree there are things that look visually great but fall short when coded into an indicator. In my opinion this is because the brain is “creating” additional indicators that when coded, are not taken into account.

What I am testing now is something that…[Read more]

]]> 0 aeee9755c996337364e375accb7c6fed CSendo replied to the topic Pivot Points in the forum Development http://www.penguintraders.com/forums/topic/pivot-points/#post-4806 Mon, 16 Feb 2015 03:44:01 -0500 Some discretion I think is still necessary at this stage until further indicators are made. I agree there are things that look visually great but fall short when coded into an indicator. In my opinion this is because the brain is “creating” additional indicators that when coded, are not taken into account.

What I am testing now is something that…[Read more]

]]> 0 4826b90a933aba551b85f59d3e177a8f CSendo replied to the topic Pivot Points in the forum Development http://www.penguintraders.com/forums/topic/pivot-points/#post-4729 Tue, 10 Feb 2015 07:27:49 -0500 Short update. I have found SOME evidence that pivots and PTZs provide directional bias, but I will continue to test to verify this in a live setting.

]]> 0 ab220e1db0e9ead486e8d5f9993e28ba CSendo replied to the topic Pivot Points in the forum Development http://www.penguintraders.com/forums/topic/pivot-points/#post-4391 Fri, 23 Jan 2015 16:10:49 -0500 @Saver0 Thanks for the explanation! I have put in about 2000 hours in the past 2 years or so, so I think I am on the right track! haha. I think there is much to learn from someone who has better technical ability (coding) and hours than I do. I’m working on optimization and creating a dashboard for my current work that is based on the assumption…[Read more]

]]> 0 d9865f685adaa76772bffa36ab388b05 CSendo replied to the topic Pivot Points in the forum Development http://www.penguintraders.com/forums/topic/pivot-points/#post-4326 Tue, 20 Jan 2015 22:22:40 -0500 Hey @Saver0, thanks for the numbers. Before I get into some of the other things I’ve been working on, I do have a question about the second half of what you wrote. Echoing @Rahat Lukum, concerning “directionless bias”, don’t PTZs have a directional bias? The universal number seems to be about 82-87%. That is, if I am looking at a PTZ on eurusd 1hr…[Read more]

]]> 0 a6e7f6dadb9f5a967eba235fa00163a0 CSendo replied to the topic Pivot Points in the forum Development http://www.penguintraders.com/forums/topic/pivot-points/#post-4213 Mon, 19 Jan 2015 04:14:37 -0500 I want to first tackle what the most natural question for me concerning pivots. How often are they hit?

First attached are some base line probabilities and numbers for eur/usd D1:

 

Every pivot that I attempt, if done for this type of statistic, is tested against these numbers. One of the interesting things about pivot work that I noticed as I…[Read more]

]]> 0 8cae4ae961b13a906e493143f14da4f2 CSendo started the topic Pivot Points in the forum Development http://www.penguintraders.com/forums/topic/pivot-points/ Sun, 18 Jan 2015 22:57:06 -0500 Hello all!

 

In this thread I want to talk about a topic that can seem basic to some, but has (in my view) a lot of potential for various reasons. I am no expert on pivots, but have found them increasingly interesting as I’ve wandered the forex desert, and therefore I’m excited to see what you all have to say about it. Express your love or hate…[Read more]

]]> 0 d8d4a41baab24c04d3ad582b23670abe CSendo replied to the topic Price on CLOSE ?! Really?!?! in the forum Development http://penguintraders.com/forums/topic/price-on-close-really/page/2/#post-3146 Mon, 05 Jan 2015 19:23:14 -0500 I’m not quite a fan of making too many private groups. Open discussion of methods is what (i believe) all of us here. If it weren’t for all the people who shared what they did in various other blogs and in the thread on FF, most of us wouldn’t be here. The people who have begun to “see” something for the first time due to that thread also probably…[Read more]

]]> 0 fe1b1fa21e1e8c778d07dad06c1fb3fe CSendo joined the group Node.js + MQL4 Development https://forum.marketoracle.io/activity/p/4651/ Thu, 01 Jan 2015 12:46:46 -0500 0 d397afdd0eb1572c93e3b1e0ceb3ce03 CSendo became a registered member https://forum.marketoracle.io/activity/p/1400/ Mon, 08 Dec 2014 03:02:36 -0500 0