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EURJPY M15 system 80%+

  • #681
  • Apr 17, 2018 8:59am Apr 17, 2018 8:59am
Quoting eagle85
{quote} Hello whatfx, Referring to Page 3 - Post 44, Fxmd states "Box must start 2 hours before Asia open and end 2 hours after Asia open, set it accordingly to your MT 4 and/or local timezone". Thus, since Tokyo Forex opens at 23:00 GMT, my daily trade box begins at 21:00 GMT and ends at 01:00 GMT. For further explanation please see Page 32 - Post 627. Whatever success I may have with this strategy is due to keeping focused on price action, attempting to avoid entry and exits during periods of adverse price action such as Forex Factory major financial...

not sure where you are based, but iam in london, and the time here is GMT + 1. Hence the 4hr box is drawn from 22:00 - 2:00.

if you are in the u.k., i dont know how you manage to keep awake to observe price action and monitor your trades !

it seems a sell was triggered last night , but was stopped out. did anyone have the same result ?
  • #682
  • Apr 17, 2018 9:34am Apr 17, 2018 9:34am
This is the solution to time issues. Please find your city in the list provided. Also I’ll be posting in the telegram channel.
https://www.timeanddate.com/worldclo...ox&ah=4&sort=1
Grind until you no longer have to introduce yourself. 4:30am club
  • #683
  • Apr 17, 2018 9:35am Apr 17, 2018 9:35am
Quoting whatfx
{quote} not sure where you are based, but iam in london, and the time here is GMT + 1. Hence the 4hr box is drawn from 22:00 - 2:00. if you are in the u.k., i dont know how you manage to keep awake to observe price action and monitor your trades ! it seems a sell was triggered last night , but was stopped out. did anyone have the same result ?
Today it was stop loss
Grind until you no longer have to introduce yourself. 4:30am club
  • #684
  • Apr 17, 2018 9:36am Apr 17, 2018 9:36am
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Grind until you no longer have to introduce yourself. 4:30am club
  • #685
  • Apr 17, 2018 9:45am Apr 17, 2018 9:45am
Finally you solved the problem Fxmd !
  • #686
  • Apr 17, 2018 12:31pm Apr 17, 2018 12:31pm
Quoting eagle85
{quote} Hello whatfx, Referring to Page 3 - Post 44, Fxmd states "Box must start 2 hours before Asia open and end 2 hours after Asia open, set it accordingly to your MT 4 and/or local timezone". Thus, since Tokyo Forex opens at 23:00 GMT, my daily trade box begins at 21:00 GMT and ends at 01:00 GMT. For further explanation please see Page 32 - Post 627. Whatever success I may have with this strategy is due to keeping focused on price action, attempting to avoid entry and exits during periods of adverse price action such as Forex Factory major financial...
I live in the CDT of the United States ... I sat in front of the screen one day and watched Sydney open at 4:00 PM CDT which is the same as 21:00 GMT. We are in Summertime now, so the correct factor for me to use to measure CDT is -5 hrs. 21:00 GMT minus 5 is 16:00 hrs ... which is 4:00 PM. Isn't Sydney considered to be located in Asia? Sydney is used as the daily opening. It looks like Asia open is really Sydney open. I'm probably wrong, but the info Fxmd posted, seems to corroborate what I'm suggesting.
  • #687
  • Apr 17, 2018 12:47pm Apr 17, 2018 12:47pm
Quoting tenthman
{quote} I live in the CDT of the United States ... I sat in front of the screen one day and watched Sydney open at 4:00 PM CDT which is the same as 21:00 GMT. We are in Summertime now, so the correct factor for me to use to measure CDT is -5 hrs. 21:00 GMT minus 5 is 16:00 hrs ... which is 4:00 PM. Isn't Sydney considered to be located in Asia? Sydney is used as the daily opening. It looks like Asia open is really Sydney open. I'm probably wrong, but the info Fxmd posted, seems to corroborate what I'm suggesting.
I think Sydney opens 2 hours before Asia.
Grind until you no longer have to introduce yourself. 4:30am club
  • #688
  • Apr 17, 2018 12:56pm Apr 17, 2018 12:56pm
Quoting Fxmd
{quote} I think Sydney opens 2 hours before Asia.
UK Time

Sydney 23:00

Tokyo 00:00

London 08:00

New York 13:00
  • #691
  • Apr 17, 2018 3:14pm Apr 17, 2018 3:14pm
How about using a breakout of Sydney and Tokyo ... no one seems to be concerned with Frankfurt and London ... or use 2 hrs before Sydney open until 2 hours after London open. That'll fake out the central bankers too ... for a while anyway.
  • #692
  • Apr 17, 2018 3:26pm Apr 17, 2018 3:26pm
Quoting tenthman
How about using a breakout of Sydney and Tokyo ... no one seems to be concerned with Frankfurt and London ... or use 2 hrs before Sydney open until 2 hours after London open. That'll fake out the central bankers too ... for a while anyway.
I run a break of the H1 Midnight bar (''The Witching Hour'') on EJ (and a couple of others) and the previous one also (23:00), both uk time. One bar will mostly be a continuation trade and the other a reversal.

I also (as I have mentioned before) run the period over the period pre-Frankfurt (''Frankenbreak'').

Honestly, there is truly nothing new under the (FX) sun.
  • #693
  • Apr 17, 2018 4:15pm Apr 17, 2018 4:15pm
Quoting tenthman
How about using a breakout of Sydney and Tokyo ... no one seems to be concerned with Frankfurt and London ... or use 2 hrs before Sydney open until 2 hours after London open. That'll fake out the central bankers too ... for a while anyway.
Yeah, this is just one of the many combinations possible to trade broken support/resistance
Grind until you no longer have to introduce yourself. 4:30am club
  • #694
  • Apr 17, 2018 6:08pm Apr 17, 2018 6:08pm
It doesn't matter what time zone you're in. Just optimize for StartHour and EndHour, let your platform pick the best times.

Mine optimized with:
StartHour = 08
EndHour = 11

on platform time for TradersWay which is GMT +3

so it equals
05 GMT start
08 GMT end

for the best backtest results.
  • #695
  • Apr 17, 2018 6:18pm Apr 17, 2018 6:18pm
Quoting ffjbentz
It doesn't matter what time zone you're in. Just optimize for StartHour and EndHour, let your platform pick the best times. Mine optimized with: StartHour = 08 EndHour = 11 on platform time for TradersWay which is GMT +3 so it equals 05 GMT start 08 GMT end for the best backtest results.
Which is the Frankfurt dead air. I use it on EG (though not for a month or so, as I have moved onto a DAX method, so I'd have to check if it's still performing).
  • #696
  • Apr 18, 2018 1:25am Apr 18, 2018 1:25am
Quoting ffjbentz
It doesn't matter what time zone you're in. Just optimize for StartHour and EndHour, let your platform pick the best times. Mine optimized with: StartHour = 08 EndHour = 11 on platform time for TradersWay which is GMT +3 so it equals 05 GMT start 08 GMT end for the best backtest results.
You're right. Personally IMO the best time to draw the box is 3 hours before London opens or you have to look for so called consolidation zones

Something about the schedule of fxmd : again well done but.....the schedule is converting the time to your local timezone! I am certain that this is still confusing for many because you have to look for the time of your broker!

But OK, I keep my mouth shut from now on. Happy trading you all.
Keep it simple without too many crappy indicators!
  • #697
  • Apr 18, 2018 1:50am Apr 18, 2018 1:50am
Quoting luvene
{quote}You're right. Personally IMO the best time to draw the box is 3 hours before London opens or you have to look for so called consolidation zones Something about the schedule of fxmd : again well done but.....the schedule is converting the time to your local timezone! I am certain that this is still confusing for many because you have to look for the time of your broker! But OK, I keep my mouth shut from now on. Happy trading you all.
''...look for so called consolidation zones.''
Which would be the original method the indicator was lifted from, SSBO, lol!

''...the schedule is converting the time to your local timezone!''
Exactly. Listen guys. Add the FX Market Open clock Chrome Extension. Sit up once, watching it tick over. When it changes signals from ''Tokyo Closed'' to ''Tokyo Open'', look at your own handy clock - bedside, grandfather, alarm, cuckoo, sun-dial, whatever - that's the hour you use as your line-in-the-sand.

Anyway, like luvene, that's the last time I get on this one. I'm bored and I'm out of popcorn.

Good trading, all.
  • #698
  • Apr 18, 2018 2:20am Apr 18, 2018 2:20am
So today is so confusing, i jumped a little portion on EurJpy. i saw something that when it breaks and turn other way, emas can be a barrier to go its own right way, so i jumped in trade at emas, lets see what will happen.
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  • #699
  • Apr 18, 2018 11:16pm Apr 18, 2018 11:16pm
Quoting TheBestMA
So today is so confusing, i jumped a little portion on EurJpy. i saw something that when it breaks and turn other way, emas can be a barrier to go its own right way, so i jumped in trade at emas, lets see what will happen. {image}

Dude, you have the boxes wrong,trust me

Yesterday's entry level is 132.614
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  • #700
  • Apr 19, 2018 2:42am Apr 19, 2018 2:42am
Quoting vortexz
{quote} Dude, you have the boxes wrong,trust me Yesterday's entry level is 132.614 {image}
Im away from pc but its working now. I will check as soon as possible. Thanks friend.
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