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Trading "System" when ALL Markets Close

  • #1
  • First Post: Edited Oct 12, 2017 4:02pm Sep 15, 2017 6:19am | Edited Oct 12, 2017 4:02pm
this "system" is half and lacks additional info.

sorry for your time.

Update 12.10.2017

I want to share some of my finding and some info collected from good people of FF and will write the "system" again.

- We trade the "reversal of spikes" (mentioned as jumps in other posts)
- 1 min TF
- Trading time 21:00 - 22:00 GMT (17:00 - 18:00 EST) I am GMT +3 so i will from now on mention all times for gmt +3 which is 00:00 - 01:00.
- Between this time spreads are wide, usually sliipage happens but its tradeable. Any pair is fine but i prefer major with good spread. usually EURUSD and USDJPY.
- From time to time a quick spike happens and you get in trade with max lots your account allows on opposite of the spike. you trade reversal.
- So lets say price jumped "up" 5-6 pips you enter a SELL trade and take profit Lengt of Spike - Spread - Commission.
- Usually you go for 2-3 pips but spikes reverse %90 of the time. So good profit potential with max lots.
- DD is quite minimum because there isnt much changes during that time and price usually between a range.

More info on spikes...this is the scalping of banks and insutitions and big players. they cause these spikes. and take profit on spike reversal.
But i still couldnt find what are the key levels of these spikes and what range they move. usually i trade only +4-5 pip spikes when spread is good.
It could have to do something with CFDs which startes after hours trading at 23:15
Maybe low volume spike reverses or it has to do something with correlations.
*** None of the forex indicator I tried works. rsi sto moving average vwap fibo pivot etc. nothing makes the price behave to lines or info given by any indicator.
I dont have access to people who showed me this system. so thats all is my findings.

trying to give all info i have. maybe add more is something comes to mind. just please keep in mind i am not trying to teaching anything. just giving an info and try to do reverse-engineering. my brain couldnt solve this alone İ still trade this btw. but not now due to need of money in my account. but will continuwe in a short time. so looks like a good oppurtunity to search more.

all the best

Cemil
  • #2
  • Sep 15, 2017 8:35am Sep 15, 2017 8:35am
Yes, you are right, at that time frame, the price is jumper, and very quick. I think it is difficult to trade manually. It maybe better to trade with a ea.
  • #3
  • Sep 15, 2017 9:47am Sep 15, 2017 9:47am
Looks interesting. What time would +3 GMT be for Houston TX, central standard time?
We're on daylight savings time.
Thank you.
  • #4
  • Sep 15, 2017 10:23am Sep 15, 2017 10:23am
I will share more info and screenshots of live trades tonight when i get back home.

Honestly if we can solve how this works it got a big potential.

EA willnot work actually.

Trading time is 1 hour after usa close until australia open.
21:00 - 22:00 gmt
17:00 - 18:00 est

We place our trades in this 1 hour window
  • #5
  • Edited 11:01am Sep 15, 2017 10:33am | Edited 11:01am
Okay, thank you. I believe that would be 4:00 PM here on central time.
  • #6
  • Sep 15, 2017 2:39pm Sep 15, 2017 2:39pm
it's better if u will add some of ur trading example chart .
thanks
Regard NOOR16
  • #7
  • Sep 15, 2017 4:24pm Sep 15, 2017 4:24pm
Hi All,

More info on this. I am uploading the trades done in march. other months are not different profit wise.

The best part of this "system" is...well its profitable almost all the time. when the price jumps down or up..it almost always return back.

no need to share my charts because there is nothing on my charts...naked. no indicator no trend line no ea..nothing. however i know other people have only horizontal lines on their chart. sometimes they say me for example "if it jumps up its a trade" or "either jump is a trade" or "do not get into trade with usd-cad pair etc even its a jump" or "if its less then x pip no trade". so it must be within a range or from a price.

there is a screen shot they sent me. there are horizontal lines on them which i couldnt figured out what exactly they stand for. and i think since i reinstalled the platform the history is not the same.

have a look please. maybe its much more simpler then i think. or all the info they gave me was wrong or misleading.

cheers
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: march 2017 2.png Size: 146 KB
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  • #8
  • Sep 15, 2017 5:01pm Sep 15, 2017 5:01pm
I understand there is nothing to see in your charts, but i'd like to see a screenshot example where you explain where you enter, where you exit and why; It's just for understanding better, because your english is not good and my neither... so i have difficult to understand. Thank you

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  • #9
  • Sep 15, 2017 5:05pm Sep 15, 2017 5:05pm
Interesting, cemilfx. Thanks for sharing.
If you would attach this indicator to all your charts, the entry and exit points are marked.
In this way, your screenshot of charts will have more meaning to visually explain your system.
Keep up the good work,
Akira
Attached File(s)
File Type: mq4 Trade_Plotter.mq4   4 KB | 798 downloads
Attached File(s)
File Type: ex4 Trade_Plotter.ex4   11 KB | 682 downloads
  • #10
  • Sep 15, 2017 5:55pm Sep 15, 2017 5:55pm
Quoting cemilfx
Trading time is 1 hour after usa close until australia open. 21:00 - 22:00 gmt 17:00 - 18:00 est We place our trades in this 1 hour window
Thank you for sharing this system with us. I'm going to take a look at it more closely soon. But according to this table, there is no hour that all markets are closed. It's very quiet from 17:00 - 18:00 (eastern), right after NY close, but it looks like Australia is actually open.
Attached Image
  • #11
  • Sep 15, 2017 6:06pm Sep 15, 2017 6:06pm
Quoting gilab
{quote} Thank you for sharing this system with us. I'm going to take a look at it more closely soon. But according to this table, there is no hour that all markets are closed. It's very quiet from 17:00 - 18:00 (eastern), right after NY close, but it looks like Australia is actually open. {image}
also gold is on its daily break. when i reinstalled the brokers mt4 platform all original history is gone. when i load from scripts it doesnt make sense at all. you know some brokers have slight differences.
Attached Image (click to enlarge)
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  • #12
  • Sep 15, 2017 6:16pm Sep 15, 2017 6:16pm
I'm a little confused about your first post. You said you traded "with them" and were profitable but you also seem unsure about which prices to use. What did you use when you were trading? Were you just observing other traders? I'm not trying to attack you, I'm just trying to understand why you don't have the specifics. If you don't know, it's okay. We can try to figure it out.
  • #13
  • Sep 15, 2017 6:24pm Sep 15, 2017 6:24pm
Quoting gilab
I'm a little confused about your first post. You said you traded "with them" and were profitable but you also seem unsure about which prices to use. What did you use when you were trading? Were you just observing other traders? I'm not trying to attack you, I'm just trying to understand why you don't have the specifics. If you don't know, it's okay. We can try to figure it out.
here is a screenshot with tradeplooter. but it doesnt makes any sense. because the candles of my broker and loadhistory data indicator is different. is there a way to get "brokers history"? maybe then those horizontal lines will make sense to me.

about your question. they never said the exact system and why these "jumps" happening and which ones reverses. what are those lines? what means 20:00 price means? why sometimes jumps down is traded but not up?

honestly i just know this thing happens. and this is NOT forex. maybe they are trading just mistakes in the market. i dont know.

i am sharing all this information. because it bothers me not to know what i am doing even it works. and for mutual benefit if we can solve it.

cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.png Size: 179 KB
  • #14
  • Sep 15, 2017 6:39pm Sep 15, 2017 6:39pm
Great to see Trade_Plotter indi I posted is being used to mark entry/exit points on charts.

Another very useful tool. It is a Script, not indicator. Place it in the Script folder.

Apply the this script over your chart, and it will display points gain/loss in yellow numbers. Drag them to places when overlapped or too far apart by double clicking and drag.

Attached File(s)
File Type: mq4 BETTER_YZGraphOnLine.mq4   29 KB | 515 downloads
Attached File(s)
File Type: ex4 BETTER_YZGraphOnLine.ex4   23 KB | 470 downloads
  • #15
  • Sep 15, 2017 6:46pm Sep 15, 2017 6:46pm
Quoting cemilfx
{quote} here is a screenshot with tradeplooter. but it doesnt makes any sense. because the candles of my broker and loadhistory data indicator is different. is there a way to get "brokers history"? maybe then those horizontal lines will make sense to me. about your question. they never said the exact system and why these "jumps" happening and which ones reverses. what are those lines? what means 20:00 price means? why sometimes jumps down is traded but not up? honestly i just know this thing happens. and this is NOT forex. maybe they are trading...
So I think you're saying that you know how to do it but you don't know WHY it works. I understand why that bothers you, but if you are very profitable, I would be happy with that. Maybe people are just unwinding their positions from earlier in the day.

I still don't understand how you choose your entry points and how to know whether to buy or sell. Could you spell that out in a step by step instruction?
  • #16
  • Sep 15, 2017 6:52pm Sep 15, 2017 6:52pm
Quoting gilab
{quote} So I think you're saying that you know how to do it but you don't know WHY it works. I understand why that bothers you, but if you are very profitable, I would be happy with that. Maybe people are just unwinding their positions from earlier in the day. I still don't understand how you choose your entry points and how to know whether to buy or sell. Could you spell that out in a step by step instruction?
i am happy with it but of course it bothers me..because if somethnig change i can not trade any longer. but if i can solve the system i can adapt to changes.

step by step...actually its very very simple.

price moves very very slow...2-3 pips in 1min. chart.
suddenly it "jumps" up or down. (i cant find any other word then jump to desciribe it)
you enter trade.
reversal and you are out.

thats it.

i mean you are not actually trading where price will be but only reversals. as i said this is not forex. maybe you just trade the mistakes in the server.

thats why months of reading&learning and nothing i can find close to that.

edit. strange enough the people who showed me this do not even know most indicators or any other trading system or use any indicator at all.
  • #17
  • Sep 15, 2017 7:00pm Sep 15, 2017 7:00pm
Quoting cemilfx
{quote} i am happy with it but of course it bothers me..because if somethnig change i can not trade any longer. but if i can solve the system i can adapt to changes. step by step...actually its very very simple. price moves very very slow...2-3 pips in 1min. chart. suddenly it "jumps" up or down. (i cant find any other word then jump to desciribe it) you enter trade. reversal and you are out. thats it. i mean you are not actually trading where price will be but only reversals. as i said this is not forex. maybe you just trade the mistakes in the...
What did it mean when you said you need the previous day's price?
  • #18
  • Sep 15, 2017 7:05pm Sep 15, 2017 7:05pm
Quoting gilab
{quote} What did it mean when you said you need the previous day's price?
thats just a bit information when i asked why there is no trade on sunday midnight (open of fx week)

reply is: because we dont have preivous day 20:00 price. or 23:15 price. all these time info could be misleading so they stop me to understand the system further.

maybe its not 20:00 but 18:00. or 20:00 before daylight saving time change.

i believe i am missing very simple thing. anyway. i started this thread just to show something and learn more if it can be solved.

cheers.
  • #19
  • Sep 15, 2017 7:07pm Sep 15, 2017 7:07pm
hi Cemil,

can you please explain on the chart? i think that will be very helpful.
  • #20
  • Sep 15, 2017 7:12pm Sep 15, 2017 7:12pm
this is nzdusd as you can see...where should i enter ? long or short ?
Attached Image (click to enlarge)
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