Yes, actually good idea. Seeing the pair and time frame in little writing on the actual chart is too hard(its small)
EURJPY 4hour, limit order placed at 0.5% of position on first level, and 0.5% on second level around the blue rectangle.
Currency pair EUR/JPY
Timeframe for chart 4HOUR
Date on chart NOW, 19/1/2009
Actual time on chart 11:15AM CET (Frankfurt time)
Actual details of trade : Limit order , buy 119.80
limit order , buy 119.48
I must say, I do like this concept of trading spikes (stabby bars) ... thrusting swords ... whatever.
My question ... this question comes from backtesting, and trading it live ... at the RH edge of the chart, progressing one candle at a time ... How do you know which close is THE spike to get in on ... is it going to be followed by one or two more High/Low's before continuation / retracement?
Yes, you're right ... 60min hasn't triggered so could be either ...
However, I trade on 5min charts and the 5min has closed below so I'm in short ... maybe this is cheating (using 5min charts) ... but it's now 10:30pm Sydney, and London session closes in about an hour and a half ...
Do you trade the Asian Session Open (not the tennis, dummy, the fx session !!!) ?
Given that you also are in Sydney, there is an holistic beautiful setup that occurs almost every day that I could share (if you don't already have a strategy for the Asian open (10am Sydney) ...) ... ommmmm ...
I wish I could trade aussie session but I am at work during that watching our traders trade the aussie session . Sux.
London closes in 5hours and 30 mins you mean dont you? NYC is about to open up in 1hour and 20 mins.
No correlation trading here, but listen to vangelis and Diane Arkenstone. Relaxing. I have only been learning about trading for the last 18 months, and only started focusing on it about a total of 6 months. So no, nothing exciting here like correlation trading , in fact I dont even have access to Dow charts.
For the sake of your trading buddies, please put as much information as you want to share in you user profile here on Forex Factory ... then when buddies in your own timezone are online, we can share info that relates specifically to us e.g. Asian session etc.
Welcome to everyone, new and old. My greatest joy in trading has been in "meeting" friends from all countries ... many places that I've never been to ... but we all have the same interest in trading fx ...
Please put more information in your profile for the sake of friendliness ...