Don
Life is expensive, but includes a free trip around the sun.
- Joined May 2005 | Status: Member | 1,494 Posts
In trading, there is no bullshit. You either make money or you don't.
Strategy: Daily Range Spike and Pull Back 161 replies
Daily Range Strategy 19 replies
Range/Last = range in %... help find the bug... 2 replies
How to get range of h/l on previous day's range? 1 reply
Another Daily Range Strategy GBP/USD 23 replies
Quoting aec68fxDislikedI wanted to know if anyone heard of the 00:00 GMT strategy for GBP/USD, Daily charts? It is very well spelled out.Ignored
Quoting max77DislikedUsing the London open 8am price and setting the trades +20 and -20 pips away with a TP of 14.Ignored
Quoting max77DislikedUsing the London open price is much closer to the pivot of the previous days high/low and (so far) seems to be more successful for me.Ignored
Quoting WestieDislikedI just want to settle this for everyone that isnt' clear including myself,
Is londen open 8amGMT, this is what I think it is, but not sure.
Is there a website anyone knows of, that shows correct market open times.
THanksIgnored
Quoting max77DislikedI'm referring to 8am GMT and I think that is 3am EST, although there are several time zones which I find confusing. For example, is EST (Eastern Standard Time?) the same as Eastern Time? My charts state Eastern Time and being in the UK I always have to recalculate everything.
Previously I tried using 00.00GMT as the base with +/- 20 pips but found I was getting whipsawed out of trades. Using the London open price is much closer to the pivot of the previous days high/low and (so far) seems to be more successful for me.
maxIgnored
Quoting 62a94Dislikeddoes anyone in this forum know where i can find forex charts that can show me historical 15 min data going back months even years my current charting package will only go back 20 days. anyoneIgnored
Quoting stricko108DislikedI have a dumb question im sure,
If mark or anyone else who knows answer can pls answer for me.
Relating to markj system. Im a little confused.
Buy or sell +- 20 pips from london open,
ok i'll give today as example, london open on pound was
1.9121 bid
so if shorting trigger will be 1.9101
now if going long, this is where i get confused,
do we long at bid 1.9121 which will be 1.9121 plus spread, so fill price
would be 1.9126 in my case as i have a 5 pip spread.
or do we long at 1.9116 bid + spread which would be filled at 1.9121
any help understanding this appreciated.
thanks strickoIgnored
Quoting stricko108DislikedI have a dumb question im sure,
If mark or anyone else who knows answer can pls answer for me.
Relating to markj system. Im a little confused.
Buy or sell +- 20 pips from london open,
ok i'll give today as example, london open on pound was
1.9121 bid
so if shorting trigger will be 1.9101
now if going long, this is where i get confused,
do we long at bid 1.9121 which will be 1.9121 plus spread, so fill price
would be 1.9126 in my case as i have a 5 pip spread.
or do we long at 1.9116 bid + spread which would be filled at 1.9121
any help understanding this appreciated.
thanks strickoIgnored
Quoting 62a94Dislikedis it the belief of most of the writers in this thread that 00:00gmt entry is best for a 50 pip straddle and 8:00 gmt (open) is best for a 25 or 20 straddle or am i make wrongful assumptions.
GREG.Ignored
Quoting llambert3Dislikedwhy would your long be the same price as the open? You should add 20 to it also, making the bid 1.9141 (meaning if you have 5 pip spread, the price you place your order at will be 1.9146 because the bid will be here at that time)
Yes, congrats guys, you are almost at the +80 as well. I can't wake up (or don't want to yet) to do that strategy.Ignored