Less Watch time Method (LWTM) | Page 6 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading method using multi time frames for long term and scalping - YAS1R 102 replies

bo7a method... method for GBP/JPY 205 replies

Is Market Watch time the definitive broker time as used by EAs? 4 replies

Heiken Ashi Multi-time frame method 2 replies

Is there a method to aggregate Time Frames ?? 0 replies

Attachments: Less Watch time Method (LWTM)
Exit Attachments

Less Watch time Method (LWTM)

  • #101
  • Jul 30, 2021 12:38am Jul 30, 2021 12:38am
Entry: Sell
NY 1H: Bearish candle

Open Date: 28 July 2021 (Wednesday)
Close Date: 28 July 2021 (Wednesday)

Opened trade after confirmation from M30 Timeframe and closed one hour before FED Statement.

Result: 3 Pips
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 44 KB
  • #102
  • Jul 30, 2021 12:48am Jul 30, 2021 12:48am
I have to clear some points for this forum that everyone should bear them in mind.
1- No one is oblige to this system.
2- If you seem that it will work, you can follow it.
3- If you think its not going to work, you should not follow it or post in this forum any negativity.
4- I'm not oblige to anyone to share any of my trade here or discuss anything.
5- I will not reply to those who did not read the older posts and ask the same questions that have already been answered.
6- Anyone whose post is insulting, hamulating or make fun of others will be blocked without any intimation.
  • #103
  • Jul 30, 2021 2:28am Jul 30, 2021 2:28am
It is a system that can be easily back-tested. I can't do it, so I would appreciate the results from the more educated.
Please excuse the bad English via Google Translate.
  • #104
  • Jul 30, 2021 2:50am Jul 30, 2021 2:50am
I don t know if I m educated... but I code like Hamilton drives his Mercedes....

I have posted here not to flood this thread...

https://www.forexfactory.com/thread/...2#post13648442
It s only the rule #1...just for testing if it s worth it....
Vucking good EA coder... https://t.ly/AZjRM
  • #105
  • Jul 30, 2021 3:06am Jul 30, 2021 3:06am
Quoting reteid2222
I don t know if I m educated... but I code like Hamilton drives his Mercedes.... I have posted here not to flood this thread... https://www.forexfactory.com/thread/...2#post13648442 It s only the rule #1...just for testing if it s worth it....
I believe that indicators and EA are formed by using human brain than why not to use your mind instead of indicators and EA.
I personally use only charts without any indicators or EA's because forex is dependent on human physiology 80% and the remaining things are just 20%. Even a system gives 51% positive results can make you profitable in long run if you can manage your funds properly.
Anywho your efforts are awesome .
  • #106
  • Jul 30, 2021 3:21am Jul 30, 2021 3:21am
Quoting reteid2222
I don t know if I m educated... but I code like Hamilton drives his Mercedes.... I have posted here not to flood this thread... https://www.forexfactory.com/thread/...2#post13648442 It s only the rule #1...just for testing if it s worth it....
You have blocked your thread. Is your first GBPUSD test? Can you please do a test in which PT = daily range of NY? The other rules remain unchanged.
Please excuse the bad English via Google Translate.
  • #107
  • Jul 30, 2021 5:02am Jul 30, 2021 5:02am
Quoting reteid2222
I don t know if I m educated... but I code like Hamilton drives his Mercedes.... I have posted here not to flood this thread... https://www.forexfactory.com/thread/...2#post13648442 It s only the rule #1...just for testing if it s worth it....
Hey great backtesting you did there, but curious why you choose to use the candle on the close 1 hour before NY open, instead of using the first candle after NY open as Wiiikkks suggested to use ?
  • #108
  • Jul 30, 2021 5:48am Jul 30, 2021 5:48am
Quoting ThisisHaz
{quote} Hey great backtesting you did there, but curious why you choose to use the candle on the close 1 hour before NY open, instead of using the first candle after NY open as Wiiikkks suggested to use ?
Deltastock 14.00 ist 15.00 NY time...so it should be fit....I have compared the first examples here and build at first the indicator which colored the candle for entries.... THEN I build the other indicator...
Vucking good EA coder... https://t.ly/AZjRM
  • #109
  • Jul 30, 2021 6:50am Jul 30, 2021 6:50am
Works for:
GBPUSD;USDJPY;EURJPY;CADCHF;CADCHF;AUDCHF;AUDJPY;EURAUD;NZDJPY;
For rule #1; body max 70% and tail or wick max 15% (improved values)
Closed next day just with opening the market
Vucking good EA coder... https://t.ly/AZjRM
  • #110
  • Jul 30, 2021 7:03am Jul 30, 2021 7:03am
Waiting for next candle.
  • #111
  • Jul 30, 2021 7:36am Jul 30, 2021 7:36am
Quoting Wiiikkks
Waiting for next candle.
Looking at analysis and waiting as well on candles to complete,we just in 1st HR now,lets see what pattern appears.
  • #112
  • Jul 30, 2021 8:00am Jul 30, 2021 8:00am
Giving another day to my last trade to be mature.
  • #113
  • Jul 30, 2021 8:02am Jul 30, 2021 8:02am
Closed yesterday's trade with 4 pips profit but I am 1 hour late to close it.
  • #114
  • Jul 30, 2021 8:08am Jul 30, 2021 8:08am
Quoting Wiiikkks
Giving another day to my last trade to be mature.
I think I should have also given another day to it but I was confused about closing at weekend. Price is already down, waiting for retracement.
  • #115
  • Jul 30, 2021 9:06am Jul 30, 2021 9:06am
I didn't closed today because of,
1- bearsh setup on 1H NY open candle,
2- GBP is under pressure because of corona delta viruse cases increasing in UK,
3- GU is extended widely,
4- it's possible GU may open at lower price on monday.
  • #116
  • Jul 30, 2021 9:18am Jul 30, 2021 9:18am
Quoting Wiiikkks
I didn't closed today because of, 1- bearsh setup on 1H NY open candle, 2- GBP is under pressure because of corona delta viruse cases increasing in UK, 3- GU is extended widely, 4- it's possible GU may open at lower price on monday.
We have 2 economies under pressure GBP and USD --------

Last quarter, US GDP increased to 6.5% (previous 6.4%) in annual terms, significantly lower than 8.5% expected by economists. Weekly jobless claims fell to 400,000 (previous 424,000), but also below expectations of 382,000.

Inflation in Germany increased to 3.8% in July, the highest level since 2008. The rise in inflation is primarily due to higher energy prices and a reduction in VAT (Valued Added Tax), which Angela Merkel's government introduced to mitigate the effects of the pandemic. At the same time, Germany's unemployment rate decreased to 5.7% (previous 5.9%). According to the International Monetary Fund (IMF) report, the UK economy will recover the fastest among all European countries. It should be noted that the UK has suffered most of the coronavirus epidemic among the G7 countries.
  • #117
  • Jul 30, 2021 9:41am Jul 30, 2021 9:41am
Quoting Wiiikkks
I didn't closed today because of, 1- bearish setup on 1H NY open candle, 2- GBP is under pressure because of corona delta viruse cases increasing in UK, 3- GU is extended widely, 4- it's possible GU may open at lower price on monday.
Yes bro it was good bearish setup.
I am again in at the same price I closed the previous trade.
  • #118
  • Jul 30, 2021 10:26am Jul 30, 2021 10:26am
Quoting scsstnt
{quote} We have 2 economies under pressure GBP and USD -------- Last quarter, US GDP increased to 6.5% (previous 6.4%) in annual terms, significantly lower than 8.5% expected by economists. Weekly jobless claims fell to 400,000 (previous 424,000), but also below expectations of 382,000. Inflation in Germany increased to 3.8% in July, the highest level since 2008. The rise in inflation is primarily due to higher energy prices and a reduction in VAT (Valued Added Tax), which Angela Merkel's government introduced to mitigate the effects of the pandemic....
Great analysis. Missed US inflation that is more than expected as said by powell. I'm still bearish on GU.
  • #119
  • Jul 30, 2021 10:31am Jul 30, 2021 10:31am
Quoting Wiiikkks
{quote} Great analysis. Missed US inflation that is more than expected as said by powell. I'm still bearish on GU.
Thanks brother,I will post relating only to GBPUSD when I read the data from economic calendar.We can use it effectively and with your analysis.

Bearish is right.....I took about 15-30 pips and exit
  • #120
  • Jul 30, 2021 10:43am Jul 30, 2021 10:43am
Quoting scsstnt
{quote} Thanks brother,I will post relating only to GBPUSD when I read the data from economic calendar.We can use it effectively and with your analysis. Bearish is right.....I took about 15-30 pips and exit
Yes you are always welcome here for sharing your analysis which benefits others too. Have a blessed weekend.
Its called fear of lossing pips, its hardest thing to overcome i feel in my trading history. After few pips we feel that we should close the trade otherwise we will loss these green pips. After closing trade we see market moves in the same direction and force us to open again at bad price. I have overcome these habits strictly follwing the pre planned rules.
0 traders viewing now