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Basket Trading the European Open

  • #21
  • Aug 21, 2017 5:46am Aug 21, 2017 5:46am
hi tellboy, what is the indicator on your left showing all the currency strength?
  • #22
  • Aug 21, 2017 8:01am Aug 21, 2017 8:01am
Subscribed. Interesting reading, thanks guys. Looking to implement with London Open Range Breakout, better probability especially combining with strength and direction.
  • #23
  • Aug 21, 2017 8:07am Aug 21, 2017 8:07am
Quoting kbkm
hi tellboy, what is the indicator on your left showing all the currency strength?
hi kbkm think he is using pro time charts but you can get the same information from https://uk.investing.com/currencies/...x-rates-majors
  • #24
  • Aug 21, 2017 8:29am Aug 21, 2017 8:29am
Quoting Aquababe
{quote} hi kbkm think he is using pro time charts but you can get the same information from https://uk.investing.com/currencies/...x-rates-majors
You're correct. It is pro real time charts provided by the broker IG Index.
Tellboy
  • #25
  • Aug 21, 2017 11:45am Aug 21, 2017 11:45am
It has become my favourite thread. But I am a little confused.
4. You said there will normally be a bullish bar at 7 am for a long trade. I presume you mean a 1 hour bar. Can you clear. Thanks and
Regards
  • #26
  • Aug 21, 2017 12:27pm Aug 21, 2017 12:27pm
Quoting goodways100
It has become my favourite thread. But I am a little confused. 4. You said there will normally be a bullish bar at 7 am for a long trade. I presume you mean a 1 hour bar. Can you clear. Thanks and Regards
If you look closely at my charts you will see that I favour a 15 m time frame, so the 7 am candle will be 15 minutes. Does that help?
Tellboy
  • #27
  • Aug 21, 2017 12:53pm Aug 21, 2017 12:53pm
Quoting goodways100
It has become my favourite thread. But I am a little confused. 4. You said there will normally be a bullish bar at 7 am for a long trade. I presume you mean a 1 hour bar. Can you clear. Thanks and Regards
Hello Goodways100 - I was a little confused too. Best thing is to read tellboy's other thread Scalping the Euro. I read every page (15 at the moment!), took copious notes so I got it clear in my head the excellent strategy from tellboy (and others). It makes a lot of sense and tellboy very generously shares his fount of good knowledgeable information, obviously a veteran trader :-)
  • #28
  • Aug 22, 2017 1:15am Aug 22, 2017 1:15am
Now it is time to sell Euro pairs.....Wait and see....
  • #29
  • Aug 22, 2017 1:57am Aug 22, 2017 1:57am
Simply 50 pips gained...... look at the screenshot...
Happy pips..---Bala5855
Attached Image (click to enlarge)
Click to Enlarge Name: euro pairs.jpg Size: 408 KB
  • #30
  • Aug 22, 2017 4:34am Aug 22, 2017 4:34am
Another entry in GBP pairs 23 pips .....Well done....today total 73 pips within 2 hour trading time....Fair enough...
Attached Image (click to enlarge)
Click to Enlarge Name: GBP Pairs.jpg Size: 474 KB
  • #31
  • Aug 22, 2017 5:07am Aug 22, 2017 5:07am
Way to go Bala 5855. Make monay any way you can. But the 2nd pic gbp pairs are not London open 7 am. Or is it can you explain. Thanks and
Regards
  • #32
  • Aug 22, 2017 6:05am Aug 22, 2017 6:05am
See I am not trading with London open or European open timings just i watch the idle currencies and the active currencies which is strong and which one is weak....
thats all....See Aussie markets and NZD markets close at the time of London open and More or less Jpy markets also...
So i just go thro the open markets Euro and GBP which is active and research whether it is Strong or weak...
In that way I will take entries in related pairs....It is working great...
  • #33
  • Aug 22, 2017 7:32am Aug 22, 2017 7:32am
I am a very strict London 7 am trader, which is Frankfurt open.That is why I am interested in this thread. My todays choice was Cadchf and Audchf. I made a mistake of entering Audchf too late at 8:30 am in demo account. So I learn a new lesson. So I learn as tellboy says enter at 7 am. I will remember that. Mr Tellboy can you show your today trades. Also Can I ask who your broker is. Thanks and
Regards
  • #34
  • Aug 23, 2017 3:01am Aug 23, 2017 3:01am
Here today made 70 pips in GBP pairs....Pure PA method ....
Attached Image (click to enlarge)
Click to Enlarge Name: gbp1.jpg Size: 451 KB
  • #35
  • Aug 23, 2017 4:00am Aug 23, 2017 4:00am
My London 7 am selection, Nzdjpy & Audjpy sell. O.K only 2 cur pairs. Soon will also trade basket. Thanks and
Regards
  • #36
  • Aug 24, 2017 1:33am Aug 24, 2017 1:33am
My London 7am selection Nzdusd, Audusd Thanks and
Regards
  • #37
  • Aug 24, 2017 1:33am Aug 24, 2017 1:33am
Sell
  • #38
  • Aug 24, 2017 1:48am Aug 24, 2017 1:48am
Thursday 24th August and we have an example of when AUD moves against all other currencies, so too does NZD. Today if you place a sell stop order below the 20 and 50 ma trend lines on all charts you would have had a total of 8 winning positions. However, if price action had gone the other way then none of the stop orders would be touched and there would be no trades. This is the value of stop orders to catch the move.

This is ultimate basket trading. Here are the two examples for future reference.

Attached Image (click to enlarge)
Click to Enlarge Name: 2017-08-24_09-37-02.jpg Size: 1,006 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 2017-08-24_09-40-46_01.jpg Size: 1,011 KB
Tellboy
  • #39
  • Aug 24, 2017 4:52am Aug 24, 2017 4:52am
Has some one ever seen a London 7 am trading ea. For someone who knows coding a double ma 20ma, 50ma ea should not be too difficult. Would they like to share. Thanks and
Regards
  • #40
  • Aug 24, 2017 5:12am Aug 24, 2017 5:12am
Tellboy are your charts web charts based on Java. If so where can I find them, specially the ones that say NZD or Aud for that matter before other curr. Such as Nzdgbp, Nzdeur etc. Thanks and
Regards
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