Going to play it smart and close at break even and try again on the New York Session.
Mondays & Holidays can be rough in the market.
Mondays & Holidays can be rough in the market.
DislikedThank you for the help "Phantom500"! One more question, do you cancel orders that has not been triggered from London session, when you put in the orders for New York session?Ignored
DislikedHi Sir, ........... and sorry for my English. First I want to thank you for sharing the idea. It's good. I think I can develop later this week an automatic system for this method. Not sure I'll be able to develop it. But I try. Also I do not know if my broker will accept automatically stop loss so tight. Unfortunately in the my real account I've spread that varies from 3 to 4 pips on the major cross. Up to 7 pips on Eur Aud. So with the rules of stop loss that you have indicated, and with manually working I've several stop loss. I would like to...Ignored
DislikedWhen do you start counting New York session? It is still 10 min till the open....Ignored
DislikedHi Sir, ........... and sorry for my English. First I want to thank you for sharing the idea. It's good. I think I can develop later this week an automatic system for this method. Not sure I'll be able to develop it. But I try. Also I do not know if my broker will accept automatically stop loss so tight. Unfortunately in the my real account I've spread that varies from 3 to 4 pips on the major cross. Up to 7 pips on Eur Aud. So with the rules of stop loss that you have indicated, and with manually working I've several stop loss. I would like to...Ignored
DislikedThanks for posting Fibo Phantom: I too similar. In any case I'm working on automated system that will surely reflect your rules. This system provides the maximum and minimum of the first 11 hours or less or up to 24 hours at choice. You can set the starting open London or NY. It's 'a very complicated job, but think I can with the help of other programmers. Maybe next week will be ready. In any case, we must find the right balance with the stop loss. Today I tried with 3 cross in real account and had 3 wins and 2 losses, but the total loss was 12...Ignored