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TradeSense Oct 3, 2008 2:31pm | Post# 521

Just set the box to end at 8:59 if you so desire. I did that for the Asian session just because of the way price has been firing out of the box as Asia opens.
Ok Thanks Nomo and Cmartin.

balouf Oct 3, 2008 3:46pm | Post# 522

Session times
 
I am looking for the best session times.

New-York session : 7-9 am EST = 11am-12:59am GMT
London session : 1-3 am EST = 5-6:59 am GMT
Asian session : 7-9 pm EST = 11pm - 00:59am GMT

Are you ok with me?
Thank you!

Lenoxer Oct 4, 2008 3:12pm | Post# 523

Exits
 
Dear Nomo and Thread,

Can people share alternative ways to exiting these BKO trades other than a straight 20 pips? Though it seems to me that there there is much money being left on the table, I do not want to expect from the method more than it can deliver.

Thanks,

Lenoxer

mphpopular Oct 4, 2008 4:05pm | Post# 524

Dear Nomo and Thread,

Can people share alternative ways to exiting these BKO trades other than a straight 20 pips? Though it seems to me that there there is much money being left on the table, I do not want to expect from the method more than it can deliver.

Thanks,

Lenoxer
Personally from me, I will more prefer a TP of 20pip which grant us a higher probability of winning.

But here's some method.

1) Only set SL for your trade, but no TP. Exit it manually using market price action. Required a fully understand market experienced trader.

2) Use scale out.
Example :
Open with 3lot. Close 1st lot at 15pips (then move SL to +1), 2nd lot at 30pips (move SL to +31), and 3rd lot trail it with 15pips trailing stop.

But do not forget, only use scale out method on the setup having a good quality. Bcoz, if the setup doesn't hit your first TP at all, you will suffer by hitting your SL with 3lot. Then you'll

iflyhigh72 Oct 6, 2008 12:03am | Post# 525

Asian session
 
Im having a good one so far.

+ 20 eur/jpy
+ 20 usd/jpy
+ 20 gbp/jpy
+11 gbp/usd

mappollo69 Oct 6, 2008 1:36am | Post# 526

Charts
 
Im having a good one so far.

+ 20 eur/jpy
+ 20 usd/jpy
+ 20 gbp/jpy
+11 gbp/usd

Post some charts if u get a chance. I see some people still making a few decent trades with Asia session. Ive tried but overall doesnt seem to work for me. I do though see straight breakout trades for the yen pairs as more consistant.

swakop Oct 6, 2008 4:10am | Post# 527

London session
 
1 Attachment(s)
Good morning,

here is my first trade, 07:39 gmt
usdchf buy @1.1412
sl 1.1381
tp 1.1442
ts 15 pips
Click to Enlarge

Name: chart usdchf 06.10..gif
Size: 12 KB

swakop Oct 6, 2008 4:58am | Post# 528

usdchf
 
Now I'm breakeven.

swakop Oct 6, 2008 5:12am | Post# 529

London session
 
usdchf closed @ 1.1442; +30pips

RRothschild Oct 6, 2008 9:22am | Post# 530

Asain Session Results
 
AUDUSD +60
Entry: 0.7568
SL: 0.7604 (36)
TP: 0.7508

GBPJPY +259
Entry: 183.82
SL: 184.70 (88)
TP: 181.23

USDCHF +20
Entry:1.1390
SL: 1.1354
TP: 1.1410

Used 20 PIP trailing stops after reaching 20 PIP profits. Was away from my computer on the USDCHF trade, so I could change the limit. I also forgot to track USDJPY

TradeSense Oct 6, 2008 9:36am | Post# 531

AUDUSD +60
Entry: 0.7568
SL: 0.7604 (36)
TP: 0.7508

GBPJPY +259
Entry: 183.82
SL: 184.70 (88)
TP: 181.23

USDCHF +20
Entry:1.1390
SL: 1.1354
TP: 1.1410

Used 20 PIP trailing stops after reaching 20 PIP profits. Was away from my computer on the USDCHF trade, so I could change the limit. I also forgot to track USDJPY
259 pips lol... nice one

RRothschild Oct 6, 2008 10:10am | Post# 532

Thanks,

I wish I could say it was skill, but I got in the trade and it just kept going down and down. I put on on my 20 trailing stop and let it do its thing.

RR -

259 pips lol... nice one

Ronald Raygun Oct 6, 2008 10:20am | Post# 533

A lot of the aussie pairs also seem to be doing well. In the hours before and after the asian open.

RRothschild Oct 6, 2008 10:23am | Post# 534

NY Session
 
got closed out of my two trades before they took off. Hey it happens, but i can't complain still got decent recents.....

AUDUSD +80
Entry 0.7410
SL 0.7440 (30)
TP 0.7330

GBPUSD +19
Entry 1.7511
SL 1.755 (44)
TP 1.7492

Looks like I missed good trades on EURUSD, GBPJPY. What's going on with USDCHF? Daughter is distracting me this morning. In any case I think that I'm done for the day.

Good trading All.

TradeSense Oct 6, 2008 10:23am | Post# 535

A lot happening this session, could have got over 100 points on 2/3 different pairs

iflyhigh72 Oct 6, 2008 10:31am | Post# 536

got closed out of my two trades before they took off. Hey it happens, but i can't complain still got decent recents.....

AUDUSD +80
Entry 0.7410
SL 0.7440 (30)
TP 0.7330

GBPUSD +19
Entry 1.7511
SL 1.755 (44)
TP 1.7492

Looks like I missed good trades on EURUSD, GBPJPY. What's going on with USDCHF? Daughter is distracting me this morning. In any case I think that I'm done for the day.

Good trading All.
Hi RRothschild. With that 80 pip win on the aussie, are you just using a 20 pip trailing stop? Thanks

RRothschild Oct 6, 2008 10:49am | Post# 537

Yes, once I get to 20 PIPs, I lock those in and trail at that point. Sometimes that will make you miss a bigger move like I did this morning on the GBPUSD. I got 19 PIPs but the market pulled back to my stop and then took off for another bunch of PIPs.

Nomo originally said that the system pretty much can consistanly produce 20 PIPs, so I lock in the "guaranteed" PIPs then let the market do its thing. I'm still experimenting with the TP. Nomo said we should aim for 1:1 r/r. So that is usually my initial TP, then based on PA I adjust sometimes.

RR -

Hi RRothschild. With that 80 pip win on the aussie, are you just using a 20 pip trailing stop? Thanks

Gossy68 Oct 6, 2008 11:50am | Post# 538

Inspiration
 
Yes, once I get to 20 PIPs, I lock those in and trail at that point. Sometimes that will make you miss a bigger move like I did this morning on the GBPUSD. I got 19 PIPs but the market pulled back to my stop and then took off for another bunch of PIPs.

Nomo originally said that the system pretty much can consistanly produce 20 PIPs, so I lock in the "guaranteed" PIPs then let the market do its thing. I'm still experimenting with the TP. Nomo said we should aim for 1:1 r/r. So that is usually my initial TP, then based on PA I adjust sometimes.

RR -
Shame that I was sitting on the toilet from 15:00gmt with no positions.... Anyway, you're an inspiration. Good trading and enjoy the champagne.

RRothschild Oct 6, 2008 12:07pm | Post# 539

Tomorrow's another day! You have to be in it to win it.

Stick to Nomo's rules and you'll be inspriring others.....

RR -

Shame that I was sitting on the toilet from 15:00gmt with no positions.... Anyway, you're an inspiration. Good trading and enjoy the champagne.

nomoretoxic Oct 6, 2008 12:33pm | Post# 540

Dow went under 10,000. that is the culprit for the market to go down like nuts.

I had a good day today, can't complaint.

cheers everybody - can see that people are making some cash!!!

remember guys, consistency is the key.


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