DislikedFed,
Can you summarise your exact criteria on how you trading this now?
i.e. what time (in gmt), stop loss, and take profit
Why do you think it is so good? How long have you back tested this my friend?
Many thanks
MoIgnored
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DislikedFed,
Can you summarise your exact criteria on how you trading this now?
i.e. what time (in gmt), stop loss, and take profit
Why do you think it is so good? How long have you back tested this my friend?
Many thanks
MoIgnored
Dislikedask yourself why should this method succeed consistently time after time? what is it based on?Ignored
DislikedHi Fed/everyone
AM sure this has been asked many times so I apologise. Am a bit confused by Fed's entry level today and think I have my times wrong. I'm looking at my chart, and using LONDON time (not GMT) from 4-7am, my entry would be at 1.6526-the last candle spiked up a bit. Even allowing for different timeframes if I'm wrong on my own, I can't see where the entry would be set for 1.6517? Only thing I can see is the 6.30am London candle that closed at 1.6513? I use ODL so obviously prices might be off by a few pips, but still, I can't see a reason...Ignored
Dislikedfed's second line isn't exactly from euro opens; it's ONE hour before euro opens, check out a post here somewhere he mentioned earlier. since euro opens at 7am LONDON time, so ur second line shud be at 6am LONDON time. that's what i gather so far, but hope i'm right!Ignored
Dislikedah yes, that's right. he enters @ 6.30am, when the 6am 30M candle closes.
and not forgetting for long entry, there's a 7 pip buffer + spread. unfortunately for today, SL for long was hit.Ignored