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  • #41,261
  • Sep 10, 2018 2:37am Sep 10, 2018 2:37am
Quoting rattyo
{quote} Taking signals from frankfurts move is sometime very misleading in my experince its best to watch Frankfurt not trade it,
I agree with your principle of caution at FO.

However, I know it is essential that I trade it in order to refine my rules.

I suggest you paper trade it.
Only real values: Valid rules, discipline and experience.
  • #41,262
  • Sep 10, 2018 2:37am Sep 10, 2018 2:37am
Quoting Moty
I can not believe they pulled me in before London was open and then went out for repair. still waiting for the lob {image}
This is a very very common situation, if you pay attention what happens leading up to London open.... generally don't take a trade there unless you are very certain.
  • #41,263
  • Sep 10, 2018 2:38am Sep 10, 2018 2:38am
Quoting rattyo
{quote} Taking signals from frankfurts move is sometimes very misleading in my experince its best to watch Frankfurt not trade it,
Misleading? We went to test major support 1.1530 and from there long same as the last 4 times. Easy
  • #41,264
  • Sep 10, 2018 2:41am Sep 10, 2018 2:41am
+10 pips locked
Only real values: Valid rules, discipline and experience.
  • #41,265
  • Sep 10, 2018 2:42am Sep 10, 2018 2:42am
yes made ia spike up as of habit now having sr , take care , fontu
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 27 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #41,266
  • Sep 10, 2018 2:42am Sep 10, 2018 2:42am
Quoting Slt93
{quote} I agree with your principle of caution at FO. However, I know it is essential that I trade it in order to refine my rules. I suggest you paper trade it.
any kind of rules signals etc can be totally thrown out of the window betwwen FO and LO.. Frankfurt don't have the volume and power to move the market like London you see.

if London hold the price here this morning keeping it positive until NY best to trade long. They potentially have football staduims of traders in short from the Frankfurt fake and the dealers will keep scorching the price up making it more and more painful so they give up. Go with the weekly direction buying pullbacks aslong as we hold.
rat
  • #41,267
  • Sep 10, 2018 2:44am Sep 10, 2018 2:44am
yes made a spike up as of habit now having sr. short taken ,no bother any waves perhaps ! take care , fontu
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 27 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #41,268
  • Sep 10, 2018 2:44am Sep 10, 2018 2:44am
Quoting Dingoman-two
{quote} how long is a piece of string ???? If it can break above the hourly candle at today's/weekly opening price as well as Ata's 54 lwma then the bull's should be in play for awhile IMHO Time will reveal all my friend

It's broken 15 min trend line, then next bullish resistance point's would have to be a close above 1.15540, then the 1.15642 resistance point,

then the bulls are truly in control,

i hold a buy at 1.1527 tsl me
  • #41,269
  • Sep 10, 2018 2:45am Sep 10, 2018 2:45am
Quoting rattyo
{quote} any kind of rules signals etc can be totally thrown out of the window betwwen FO and LO.. Frankfurt don't have the volume and power to move the market like London you see.
I agree 100%. However, I am still of the opinion that you can make money in the Frankfurt Hour.

I look at this market as starting from about 5.30 GMT.

I have specific rules just for the START, from 5.30 GMT till about 8.30 GMT. Then I have another two sets of rules.
Only real values: Valid rules, discipline and experience.
  • #41,270
  • Sep 10, 2018 2:48am Sep 10, 2018 2:48am
Sell: 1.15624. SL: 1.15675.

Last trade got taken out at BE +1 (again). Rough.
You hesitate, you masturbate.
  • #41,271
  • Sep 10, 2018 2:50am Sep 10, 2018 2:50am
My original thinking was that it will go to 1.158 before going down below 1.15, however now with that sharp spike down to trap shorts, I am no longer sure.... maybe it will actually go higher.
  • #41,272
  • Sep 10, 2018 2:51am Sep 10, 2018 2:51am
Wave C up may have started now, target 1.19
  • #41,273
  • Sep 10, 2018 2:53am Sep 10, 2018 2:53am
It's soaking up all the short stops off these little peaks with drops. all in one bar. When does the big seller step in? 71 or 93
  • #41,274
  • Sep 10, 2018 2:55am Sep 10, 2018 2:55am
+15 pips locked
Only real values: Valid rules, discipline and experience.
  • #41,275
  • Sep 10, 2018 2:55am Sep 10, 2018 2:55am
Quoting engweijie
Sell: 1.15624. SL: 1.15675. Last trade got taken out at BE +1 (again). Rough.
Manual Closed. -2 pips. Head isn't in the game today. Will sit the rest of the day out.

Net haul for the day (after all the +1s, -1s) is a measely +11 pips but well, better than seeing red.

Happy trading all,

See you tomorrow.
You hesitate, you masturbate.
  • #41,276
  • Sep 10, 2018 2:57am Sep 10, 2018 2:57am
Quoting Slt93
{quote} I agree 100%. However, I am still of the opinion that you can make money in the Frankfurt Hour. I look at this market as starting from about 5.30 GMT. I have specific rules just for the START, from 5.30 GMT till about 8.30 GMT. Then I have another two sets of rules.
Off course you can make money anytime of the day there is no hard and fast rule anything is possible but the cross over FO and LO is very dangerous. London have the volume to move the market dramatically frankfurt don't.
5.30GMT till 8.30GMt good for scalps if thats your style.

Also off course NYO at 1.30GMT can be very dangerous often news data occurs at that time so the market becomes very volitile and then 2.30GMT as the US indices open this will be the most volitile time of the day as everyone is there moving it trading that time of the day I would only recomend if you are very experienced
rat
  • #41,277
  • Sep 10, 2018 3:00am Sep 10, 2018 3:00am
Quoting rattyo
{quote} Off course you can make money anytime of the day there is no hard and fast rule anything is possible but the cross over FO and LO is very dangerous. London have the volume to move the market dramatically frankfurt don't. 5.30GMT till 8.30GMt good for scalps if thats your style.
I donīt scalp. Day trade only.
Only real values: Valid rules, discipline and experience.
  • #41,278
  • Sep 10, 2018 3:00am Sep 10, 2018 3:00am
Quoting Dingoman-two
{quote} It's broken 15 min trend line, then next bullish resistance point's would have to be a close above 1.15540, then the 1.15642 resistance point, then the bulls are truly in control, i hold a buy at 1.1527 tsl me
The H1 Tag & H4 healthy retracement is at 1.15775. Anything above that Bear momentum will have problem and Bull want that level.
Self discipline It is a practice
  • #41,279
  • Sep 10, 2018 3:01am Sep 10, 2018 3:01am
+20 pips locked
Only real values: Valid rules, discipline and experience.
  • #41,280
  • Sep 10, 2018 3:02am Sep 10, 2018 3:02am
Quoting Dingoman-two
{quote} just a few Moty,and well done, just dont stop doing what ever it is you are doing my friend. {image} {image}

Hi Dingoman-Two,
New to trading. Following EURUSD only for a while. You all are very helpful.
Your chart is awesomely profitable. Hope to someday copy.

Example and taking a line from your chart.
Order 13950770 Sell order for profit of 16.6 Profit on your chart says $693.83
Your size is 3.00 x 16.6 which I thought would equal $498.00.
What am I missing?
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