My first robot programmed with NQC (Not Quite C), based on instructions in the book: Definitive Guide to LEGO MINDSTORMS, Second Edition
This simple robot moves forward until the bumper hits an obstacle. It then moves backwards and spins for a random amount of time before resuming its forward movement.
I learn that trading failure is a relatively high probability way to trade… I guess benefiting from trapped traders gives you an edge because you know that in addition to people initiating new positions… there’s another group of traders who are anxious to close their losing positions… Unfortunately, trading is a zero-sum game…
EURGBP 15 Mar
Currently, I need to plan how to juggle my day job with my trading… The best time for me to trade is from 4pm to about 11pm (my local time)… but those are the hours when I am at work…. So I can’t afford to sit in front of the computer all afternoon waiting for a trade…
Well, I guess one workaround is to trade only hourly charts… and to constantly monitor any positions using my Windows mobile phone… Let’s hope I can trade full time one day….
Chart 1 (GBPUSD 15 Mar M15)
Chart 2 (GBPUSD 15 Mar M1)
Chart 1 above shows GBPUSD on a 15 minutes timeframe. We can see that Bar A is a strong bullish candle that broke out of a trading range. However, the next bar, Bar B is a small reversal candle. This suggests that the bullishness may not continue. In addition, there is also MACD Divergence.
We can enter this setup by selling one tick below Bar B, with stop loss of one tick above Bar B. However, the next bar, Bar C is an outside bar that broke above and below Bar B. If it broke below Bar B first, the stop loss would have been triggered, resulting in a loss. However, a look at the next chart (one minute chart) reveals that GBPUSD broke above Bar B BEFORE breaking below it. This further raised the probability of a successful bearish trade since more bulls will be trapped by Bar C’s initial bullish breakout.
