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15 minute opening range Forex

  • #201
  • Jul 13, 2023 2:30pm Jul 13, 2023 2:30pm
GBPUSD - This is like zero float entry from Trinidad to Philippine,much respect brother
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  • #202
  • Edited 7:30pm Jul 13, 2023 7:07pm | Edited 7:30pm
Quoting lddd
Hey Sovy. It's kind of very confusing. Since your first post, are you constantly changing your own rules or mixing the system with something completely different? I would like to be able to follow you but I can't. Could your please repost your rules for the 15 min ORB reversal strategy and then stick to it. Are you sure you tested them correctly over a longer period of time? It honestly doesn't look like it to me. The rules I have tested so far have not been successful for me neither for EUR/USD, GBP/USD or Dax. I checked the last 3 months. I used...
Yes. I make adjustments that i deem proper.

And yes. I've tested it and profit by it. Yesterday wss really a good day for the method.

I may even have more changes in the future.

The rules are still the same

15 min range
15 min break
3rd bar enters
Im.allowing allowance for the next bar now.

I am observing if 1 hour to 3 hours from open if the method applies. So i am adding my observations up to the 4th bar.

There is some art to technical analysis and that part reserves refinement.

If this is hard to picture out. Imagine a support and resistance line. That isn't necessanecessarily a line but a zone. Like + - of that are price will wiggle around.

Quoting scsstnt
GBPUSD - This is like zero float entry from Trinidad to Philippine,much respect brother {image} {image}
Nice. 100%

https://www.tradingview.com/x/Cr1voChZ

Uj

1. Measure 15 m from tokyo open
2. 2nd 15 m breaks the low
3. 3rd shoots up

Decent 1 to 2 r. Good start for uj
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Trading is gambling. So gamble responsibly.
  • #203
  • Jul 13, 2023 9:09pm Jul 13, 2023 9:09pm
Inserted Video


Added here the you can wait for entry even at the 4th bar and wait for the final result up to 3 hours after the opening of tokyo.

The 3rd bar rules was very limiting so adding the 4th bar made sense completing the hour.

I also added the monthly bias. A simple method of simply puting a trendline to focus solely on buys for high probability trades. This will limit you wanting to sell. Does limiting also the number of trades but better rr
Trading is gambling. So gamble responsibly.
  • #204
  • Edited 5:16am Jul 14, 2023 4:44am | Edited 5:16am
GBPUSD - EURUSD
NOTE: GBPUSD - zone 2 did not breach zone 1,this will probably be a no trade,what i used is the premium/discount arrays for the entry when the zone 2 does not take out high/low of zone 1,just my addition used in the method.

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  • #205
  • Jul 15, 2023 2:06am Jul 15, 2023 2:06am
Gold

+8gmt

Sydney open, -1r 5r

Tokyo open, -2r 5r

11 am -1r 5r

2 pm no trade

London open 5r

Tokyo close -1r 5r

Ny -1r 5r

11pm -1

London close 5r

29r last friday. Nice potential.

https://www.tradingview.com/x/DuxJ2x1L

Btc usd

Ny open

15 m is rangr
2nd 15 goes up
3rd does not go down

We allow price to apply from 8 to 11 to workout. And here it eventually went down to do a 5r.

Good day

btc usd
https://www.tradingview.com/x/XOylmi3i

Tokyo open +8gmt 8am

1st 15 min is range
2nd 15 min breaks the low
3rd 15 min is within the range of the 2nd
4th 15 min enters our .3 entry of fib and hits the 1.8 target for a 1 to 5 rr

Really nice.

2nd entry

Using 2nd bar as entry range

https://www.tradingview.com/x/vOVhcwwj
Trading is gambling. So gamble responsibly.
  • #206
  • Jul 18, 2023 9:30pm Jul 18, 2023 9:30pm
https://www.tradingview.com/x/9ECpjHdq

Euro +8 gmt asia open

If at first you dont succeed, try again

-1 -1 -1 +9

Although i only focused on +5.

+2 trade.

Rules

1. Measure 15m range
2. See breach north 15m
3. Sell position at .3 target 1.8

3 losses before it secured a x9 potential

Trade within our 8 to 11 time frame.
Trading is gambling. So gamble responsibly.
  • #207
  • Jul 19, 2023 4:55am Jul 19, 2023 4:55am
Quoting Sovy
https://www.tradingview.com/x/9ECpjHdq Euro +8 gmt asia open If at first you dont succeed, try again -1 -1 -1 +9 Although i only focused on +5. +2 trade. Rules 1. Measure 15m range 2. See breach north 15m 3. Sell position at .3 target 1.8 3 losses before it secured a x9 potential Trade within our 8 to 11 time frame.
Hey Sovy. Hope you're doing well.

If you are constantly changing the rules regarding stop losses, number of trades or TP then there is absolutely no point in following the system and personally I wouldn't call that a strategy and especially not a system.

I don't want to sound know-it-all, but it seems like you don't really know what you're doing. First you said if you get stopped out you should wait for the next day, now suddenly you write to execute multiple orders per day/open.

You can never have done even a remotely reliable backtest like this if you constantly change the rules, otherwise please post one for your results having traded only one instrument, doing 1 entry per day and followed a specific set of rules.

I personally have backtested April, May and June (3 months, 65 days) for EUR/USD, GBP/USD and DAX and applied your rules as I understood it and it is absolutely not possible to get out of it profitably doing the following

- Only 1 BUY/SELL order per day, only London Open (no multiple re-retries or anything like that which is not even described how to do it by the "system")
- fixed risk to reward of 1:1 and 1:2.
- Entry at 3rd candle

I wish you the best of luck and hope that you go about it a little more professionally and maybe find some solid rules to follow, otherwise what's the point of posting this as a system? There are already thousands of such "systems" like that on the forums where there are no clear rules on anything, or the most important thing is left out (number of trades, number of instruments, risk management). Absolute waste of time.

Anyhow. Cheers!
  • #208
  • Jul 19, 2023 7:03am Jul 19, 2023 7:03am
Quoting Sovy
https://www.tradingview.com/x/9ECpjHdq Euro +8 gmt asia open If at first you dont succeed, try again -1 -1 -1 +9 Although i only focused on +5. +2 trade. Rules 1. Measure 15m range 2. See breach north 15m 3. Sell position at .3 target 1.8 3 losses before it secured a x9 potential Trade within our 8 to 11 time frame.
Another week, another new rules. Too much over fitting, that’s always the first sign of a failing system.
Gambling = 0% skill, 100% luck. Trading = 1% skill, 99% luck.
  • #209
  • Jul 19, 2023 7:50am Jul 19, 2023 7:50am
Quoting lddd
{quote} Hey Sovy. Hope you're doing well. If you are constantly changing the rules regarding stop losses, number of trades or TP then there is absolutely no point in following the system and personally I wouldn't call that a strategy and especially not a system. I don't want to sound know-it-all, but it seems like you don't really know what you're doing. First you said if you get stopped out you should wait for the next day, now suddenly you write to execute multiple orders per day/open. You can never have done even a remotely reliable backtest...
You are free to believe what you want

Quoting Shakka
{quote} Another week, another new rules. Too much over fitting, that’s always the first sign of a failing system.
You are free to judge as you deem fit.
Trading is gambling. So gamble responsibly.
  • #210
  • Edited 9:38am Jul 19, 2023 7:54am | Edited 9:38am
https://www.tradingview.com/x/NRNdWumI

Euro tokyo close. +8gmt

Rules

1st 15 m is range
2nd breaches high use fib to measure the first bar .3 entry and 1.8 exit
3rd bar swiftly takes out and enters the .3 and does a nice 1 to 5r.

Nicely done for tokyo close.

Looking for my entry this ny open. So far shoes nothing yet. 3rd bar didnt go up to the .3 As 3 hours from open, am wating until that time.

Daily bias is to the upside. So xing my fingers.

Inserted Video


Ny trade.

Today's summary

Sydney open and close
-1r (open)
5r close

Tokyo open and close
-1, 5r open
5r close

Ny open
No trade +2 The video

Tired from travel 17r -2r 15r today. Plus minus depending on your risk. Sorry my math is bad.

Feel free to dm me for voice sessions. It's free. Cheers. Lets hope tomorrow is a better day.

Update ny open 5r
https://www.tradingview.com/x/GrRq5CnD

Inserted Video


Odds in ny favor. 2nd vid just bonus. Saw an entry and saw if i didnt trail stop, we would have gotten a 1 to 5 instead of 2 video trades.
Trading is gambling. So gamble responsibly.
  • #211
  • Jul 20, 2023 4:11am Jul 20, 2023 4:11am
If you place several orders per day to be profitable because it is not sufficient to trade only 1 open/close for an instrument per day, you need to know how much you risk per order (in percent in relation to the account size). Otherwise it is not possible to assess the risk that you have to take in order for your "system" to work.
  • #212
  • Jul 20, 2023 4:35am Jul 20, 2023 4:35am
pls read page 1 on rules
Trading is gambling. So gamble responsibly.
  • #213
  • Jul 20, 2023 11:14am Jul 20, 2023 11:14am
https://www.tradingview.com/x/JLmVwAjB

Euro

Sydney open

5am +8gmt

15 min interval

1. 15 m range forms
2. Price pierces the low
3. Fib measure long position
4. Entry 3rd bar at. .3 exit at.1.8

Smooth entry

Tokyo open didn't reverse.

Sydney close didnt reach 5 r

London open was a nice 5r

Tokyo close wasnt a smooth 5r

Ny open didnt reverse.
Trading is gambling. So gamble responsibly.
  • #214
  • Jul 20, 2023 11:23am Jul 20, 2023 11:23am
Quoting Sovy
pls read page 1 on rules
Well it doesn't say how many orders per day and if you have to re-enter per setup or not. It's a big difference risking 5% per stop for only 1 entry/order per day or risking 5% on potentially 30 orders because you trade 5 forex pairs for multiple openings/closing times.
  • #215
  • Jul 20, 2023 11:31am Jul 20, 2023 11:31am
Quoting lddd
{quote} Well it doesn't say how many orders per day and if you have to re-enter per setup or not. It's a big difference risking 5% per stop for only 1 entry/order per day or risking 5% on potentially 30 orders because you trade 5 forex pairs for multiple openings/closing times.
You may have 100 pairs on provided you have less than 5% risk total.

This is the art of trading and that is up to the trader.

I personally don't open more than 4 trades at a time.

My friend maxes out his equity every trade. I just choose to do the fewest risk with my max 1 to 5r. Risk mgt is something you are willing to lose.

Experience will guide you in that.
Trading is gambling. So gamble responsibly.
  • #216
  • Jul 20, 2023 12:01pm Jul 20, 2023 12:01pm
Quoting Sovy
{quote} You may have 100 pairs on provided you have less than 5% risk total. This is the art of trading and that is up to the trader. I personally don't open more than 4 trades at a time.
You you wrote in post 1:

"As a general rule if your risk is more than 5% your capital per stop loss"

But now you say "total". What is total? A day? So max. 5% per day and not per stop loss order. You have to be clear. It's important and makes all the difference. Forget about the art of trading and all that bullshit. Sure everything is up to the trader. So again why having a system if everything is up to the trader? I could a flip a coin and call it system, risking 5% today, maybe 100% tomorrow...
  • #217
  • Jul 20, 2023 1:11pm Jul 20, 2023 1:11pm
Quoting Sovy
Its instutional behavior that orders made after the market opens.
Who says this is actually true?

See: https://www.schwab.com/learn/story/trading-near-bells

„end-of-day trading tends to be dominated by institutional investors“

The opening times seem to be occupied mostly by retail traders.
  • #218
  • Edited 8:59pm Jul 20, 2023 8:35pm | Edited 8:59pm
Quoting lddd
{quote} You you wrote in post 1: "As a general rule if your risk is more than 5% your capital per stop loss" But now you say "total". What is total? A day? So max. 5% per day and not per stop loss order. You have to be clear. It's important and makes all the difference. Forget about the art of trading and all that bullshit. Sure everything is up to the trader. So again why having a system if everything is up to the trader? I could a flip a coin and call it system, risking 5% today, maybe 100% tomorrow...
There is actually a flip a coin experiment. And if coupled with good risk mgt, you will make money.

And yes. It depends on the trader.

Yes you can have 1 trade at a time with at most 5% or 100 trades at a time with a total 5% max risk.

Hell, you can do whatever you want.

Quoting lddd
{quote} Who says this is actually true? See: https://www.schwab.com/learn/story/trading-near-bells „end-of-day trading tends to be dominated by institutional investors“ The opening times seem to be occupied mostly by retail traders.
Believe what you want. I stand by the open, close, and news as drivers of volume.

If you only want to trade the close because of that article, that is fine. Tokyo close is a good driver and strategies like tokyo box works well because of it. But that is not the topic of my thread.

Also retail can't move majority of the price. If you don't know this, then justify whatever you may believe in.

If you don't know how to adjust or manage your trade, which is part art rather than simple mechanical way of trading and dont understand that you sometimes hit or miss because all those trades are essentially random, this method is not for you.

https://www.tradingview.com/x/PbEreTbI

tokyo box, in case people dont know what it is.

rules

plot the high or low of the 8am to 5pm +8gmt and wherever price breaches, that is the bias. 1 to 1 r with risk the size of the range is the basic method.

To further refine it is art in part of your own knowledge of break and retests based on market structure and htf trends. It is a once a day only trade and only at this time.
Trading is gambling. So gamble responsibly.
  • #219
  • Jul 20, 2023 10:38pm Jul 20, 2023 10:38pm
https://www.tradingview.com/x/T98RcPHP Xau usd asia 6am +8 gmt

1st 15m is range, second goes south. Measure fib the 1st range, long direction, enter on .3 exit on 1.8

Really nice for the day
Trading is gambling. So gamble responsibly.
  • #220
  • Jul 21, 2023 12:53am Jul 21, 2023 12:53am
Quoting Sovy
Rules 1. Measure the opening range (around 4.4 pips) 2. It first went south, so buy the 38% or 50% 3. Stop loss 4.4 4. Tp 1.6 level or 2.6 level or prudent 1 to 1 https://www.tradingview.com/x/oyhh0P2Q If you followed the rules, you may have earned atleast a 1 to 1 r for euro london opening range reversal. Rules 1. Measure opening range 9.2 pips 2. Went south so, buy on 38% or 50%, 3. Stop loss 9.4 4. Tp 1 to 1, or 1.6 or 2.6. This case only 1.6 https://www.tradingview.com/x/DvSX1Elx One trade. If it fails, discipline self...
Hi, Thanks for sharing this strategy. I have my own trading strategy that works but i will backtest Yours as well today. Once i backtest at least 100 transaction in some pairs i will share my results with you. I will stick to 1:2RR.
But i have question. Do not get me wrong but i am asking this out of curiosity. Can you please share your track record as well.
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