Journal to test my London Open Trading System
Trading from NY close to London open 14 replies
London open to Sydney open 23 replies
E/U London Open Trading with Erik 29 replies
London Calling . . . Various strategies focusing on London Open 58 replies
DislikedI have some questions: 1) Why choose those currency pairs as opposed to others? 2) How do you define "most percentage change"? 3) How do you determine strength/weakness?Ignored
Disliked{quote} Hi Tradability, my system isn't performing that great the last couple of days, however I will stick with it to collect data and to train myself when to trade and when not to trade. But as to your questions: 1) I choose these currency pairs because they have better spreads and (to me) they move in a more logical way and therefore are (slightly) more predictable. The movement of USDJPY and USDCHF has always made less sense to me. With EURUSD, GBPUSD, USDCAD, AUDUSD and NZDUSD in front of me I can actually see most of the market anyway. I don't...Ignored
Disliked{quote} Have you looked at the way Ghostrider with his rules open trades? In which he trades the close of London market. I think if you incorporate that style with yours you might improve your system greatly. It then can be automated provided the rules are clear with precise execution of the strategy. The only issue will be the exit of open orders but that be looked at after. Read his rules on his first page. Also I think it might improve your system if you assess renko charts to get a better guidance and clearer picture of price action to the entry...Ignored