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Biting the Big Apple - XAUUSD M1 trading London close / NY open

  • #101
  • Dec 7, 2023 3:16pm Dec 7, 2023 3:16pm
Quoting Isabella_D
missing Vola to trade since some days. but that is the real topic of this thread. So better to wait.
Agreed, NY was a bit choppy early on and there were a few losses in the first 30mins of trade if you were solely relying on the BTBA arrows. Some nice moves after this.

Definitely a time to use discretion.

Interestingly there have been some nice clear moves early on in the London session this week. Perhaps it is worth testing the London open?
Trade to Live - Don't Live to Trade
  • #102
  • Dec 7, 2023 3:20pm Dec 7, 2023 3:20pm
Quoting pixleboy
Hello Good People, I had a 1.5% gain on XAU/USD today. Unfortunately, the FTMO demo account has a lot of latency and issues this morning NY session. It froze several times and didn't allow me to manage and place trades. I am almost sure I would have hit the 2% target today if my confidence was not shattered by server connectivity issues. @Isabella_D - Thank you for sharing your fundamental's and trade time allocations. I will monitor to see if the time also adds to the edge in this system. Best, Pixleboy
Nice gain mate, well done. Shame about the platform giving you grief though.

I do know TFT (The Funded Trader) has recently introduced their demo account option, might be worth trying? I have not tried it so can't comment.
Trade to Live - Don't Live to Trade
  • #103
  • Dec 7, 2023 3:25pm Dec 7, 2023 3:25pm
Quoting teapeak
Hi Kirklea, did you try to solve this suffix problem as described in post 11? Thanks {image}
Hi teapeak. I believe it was actually 19monza64 in Post 17 who was having trouble with the suffix issue?

But either way, no I have not had time to look at any coding this week, and probably won't now until this coming week.
Trade to Live - Don't Live to Trade
  • #104
  • Dec 7, 2023 3:44pm Dec 7, 2023 3:44pm
TradingView version shaping up great. Here's the valid trades from today using this version. (Gray background is NY Session) Thanks for the system again


Layout: https://www.tradingview.com/chart/ZEPlv6x6/
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 49 KB
  • #105
  • Dec 7, 2023 7:39pm Dec 7, 2023 7:39pm
This system is insanely accurate, I've dropped all other systems for the time being. One thing I really want to echo a key component that you mentioned. The initial influx of volume that hits the market in the first moments of open truly create the best opportunities. Instead of using arbitrary percentages for daily profit targets, I would highly recommend traders to leverage everything they can from the first trade and stop trading after that. Even though the win rate isn't bad after the first trade, it just isn't worth the risk. The first trade on the TV version is like 90% accurate in determining the short term market direction, but the real trick is knowing when to exit. This is where Heikin-Ashi can become a valuable tool. BullsVsBears kind of syncs with HA, so this could potentially work as well, however I took this part of the system out as it seemed redundant. Very great system, can't wait to share results of tomorrow trade/s.

Thanks again Kirk
  • #106
  • Dec 7, 2023 7:44pm Dec 7, 2023 7:44pm
Quoting MachineLearn
This system is insanely accurate, I've dropped all other systems for the time being. One thing I really want to echo a key component that you mentioned. The initial influx of volume that hits the market in the first moments of open truly create the best opportunities. Instead of using arbitrary percentages for daily profit targets, I would highly recommend traders to leverage everything they can from the first trade and stop trading after that. Even though the win rate isn't bad after the first trade, it just isn't worth the risk. The first trade...
I can feel your excitement, MachineLearn. It is the same way I feel also.

Thanks for your enthusiasm and best wishes for the upcoming trading session!
Trade to Live - Don't Live to Trade
  • #107
  • Dec 8, 2023 4:37am Dec 8, 2023 4:37am
Quoting kirkleaforex
{quote} Agreed, NY was a bit choppy early on and there were a few losses in the first 30mins of trade if you were solely relying on the BTBA arrows. Some nice moves after this. Definitely a time to use discretion. Interestingly there have been some nice clear moves early on in the London session this week. Perhaps it is worth testing the London open?
By missing Vola I meant H4. A prisoner of a small range for 2 weeks apart from the enormous breakaway. Forgive an old donkey who likes to look at other Tf to see where the journey could go. However, this thread is about the short crack, it's better to look there.
Attached Image (click to enlarge)
Click to Enlarge Name: Ausbruch.png Size: 17 KB


Today I took a closer look at what could score points when sorting the black/white arrows.
??? The length of the 1st candle with arrow, the frequency of the consecutive arrows, the density of the arrows, the 1st arrow after changing the range black/white, wait for one arrow and only take the second one?
Lots of stars in the sky - which perhaps don't even want to be sorted statistically, but just shine.
Today I'll just do it very stoically: black and white with MiniLot, just let it go and then count whether the rabbit still has four legs.

I'm curious to hear how far others are in choosing arrows. With thanks I have already read some of the hints here.
  • #108
  • Dec 8, 2023 4:44am Dec 8, 2023 4:44am
Quoting Isabella_D
{quote} By missing Vola I meant H4. A prisoner of a small range for 2 weeks apart from the enormous breakaway. Forgive an old donkey who likes to look at other Tf to see where the journey could go. However, this thread is about the short crack, it's better to look there. {image} Today I took a closer look at what could score points when sorting the black/white arrows. ??? The length of the 1st candle with arrow, the frequency of the consecutive arrows, the density of the arrows, the 1st arrow after changing the range black/white, wait for one arrow...
Hi Isabella,
The Fib-Extension indicator that you're using, is it linked to a ZigZag and if so, would you mind sharing it, please?
Thanks for replying.
Hercs.
Hercs
  • #109
  • Dec 8, 2023 4:50am Dec 8, 2023 4:50am
Hi Kirklea,
What you have done and continue to do, is what we call "Paying forward" and that proves to me that you are an incredibly kindhearted person.
I wish you continued success in your endeavours.
Sincerely,
Hercs.
Hercs
  • #110
  • Dec 8, 2023 5:22am Dec 8, 2023 5:22am
One trade from the morning to see how performing during LO. It was a bit sooner entry didn't wait for the white candle to appear.....
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 22 KB
  • #111
  • Dec 8, 2023 5:28am Dec 8, 2023 5:28am
Quoting pixleboy
Hello Good People, I had a 1.5% gain on XAU/USD today. Unfortunately, the FTMO demo account has a lot of latency and issues this morning NY session. It froze several times and didn't allow me to manage and place trades. I am almost sure I would have hit the 2% target today if my confidence was not shattered by server connectivity issues. @Isabella_D - Thank you for sharing your fundamental's and trade time allocations. I will monitor to see if the time also adds to the edge in this system. Best, Pixleboy
Hello pixleboy,
Kirkle suggested using the FTMO demo in the near future to see how the system of this thread works in reality. I am looking forward to that. You didn't have a good impression of FTMO and you mentioned the reasons for that.

I think FTMO is very clever and I'll explain my motivation because some people are looking for a continuation after the experimental challenge. (see also HUB at FF) Where are the sticking points of a PropFirm?
- Consistency (do they just want your entry fee or really partnership)
- if you buy cheap, you buy twice (cheap entry fee vs. daily draw down, disguised obstacles like watermark...)
- quick, competent accessibility - connected broker (spread, slippage, overnight costs)
conclusion: FTMO is an established, fair company, with excellent educational opportunities (no additional costs), excellent leadership and communication. The execution of the trades is ok for Europe. In the Seychelles... you can get better there, but as I said: satisfactory. Yesterday I used FTMO too, Server 3 - no probs. Of course I am open for other PropFirms.


Slip, Spread, frozen ...You are deeper into the matter. I check the execution using two Indis (Pip Counter (Andrea) and DonForexSmartinfo, see pic. I've already seen spreads from 9-40. Also Slip Gold 40 Pip without news or other reason. Everything is still manageable. Of course, this will also play a role in the level of the minSL, 100 pips might not be enough to get entry.

Attached Image (click to enlarge)
Click to Enlarge Name: PipCounter.png Size: 17 KB


Thx for attention to timelines. Will monitor from time to time.
  • #112
  • Dec 8, 2023 5:32am Dec 8, 2023 5:32am
[quote=Hercs;14682882]{quote} Hallo Isabella, der Fib-Extension-Indikator, den Sie verwenden, ist mit einem ZigZag verknüpft und wenn ja, würden Sie ihn bitte teilen? Danke für Ihre Antwort. Hercs.[/quote

so pm me how to send, I will not overcrowd the thread with bythewayinformations
  • #113
  • Dec 8, 2023 6:18am Dec 8, 2023 6:18am
Hello kirkleaforex and others,

Firstly thanks for the work and findings you have done and shared, it looks great and I appreciate the great and friendly vibes in this thread.

Also thanks to all others for sharing results and findings. I am now using Tradingview so I am looking into this, also thanks to MachineLearn for pioneering
this.

@MachineLearn : The TV link you posted is that indicators you coded or could I somehow run this on my TV Pro myself?
Does it generate arrows/signals or? ( I dont see the arrows as in your image in post 104).

Anyhow looking forward to test this strategy, have a great weekend all.

PC
Less is more...
  • #114
  • Dec 8, 2023 6:32am Dec 8, 2023 6:32am
And 2 quick scalps before the news
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 24 KB
  • #115
  • Dec 8, 2023 6:36am Dec 8, 2023 6:36am
Quoting pipcruiser
Hello kirkleaforex and others, Firstly thanks for the work and findings you have done and shared, it looks great and I appreciate the great and friendly vibes in this thread. Also thanks to all others for sharing results and findings. I am now using Tradingview so I am looking into this, also thanks to MachineLearn for pioneering this. @MachineLearn : The TV link you posted is that indicators you coded or could I somehow run this on my TV Pro myself? Does it generate arrows/signals or? ( I dont see the arrows as in your image in post 104). Anyhow...
Hello pipcruiser,
TradingView is a little weird when sharing full sets of indicators, later today when I’m home I’ll share a list detailing all indicators and settings. This way if the template doesn’t work you can just manually add in the indicators, there’s only about 4,5 or so…

Also has alerts
  • #116
  • Dec 8, 2023 7:08am Dec 8, 2023 7:08am
Hi guys,
What margin do you reccomend for every trade considering a 10k Ftmo account with 1:100 leverage?
(I know this is 99% stupid question and I'm sorry for that)

Thanks and have a good day!
  • #117
  • Dec 8, 2023 7:40am Dec 8, 2023 7:40am
Quoting MachineLearn
{quote} Hello pipcruiser, TradingView is a little weird when sharing full sets of indicators, later today when I’m home I’ll share a list detailing all indicators and settings. This way if the template doesn’t work you can just manually add in the indicators, there’s only about 4,5 or so… Also has alerts
Thanks buddy!
Less is more...
  • #118
  • Dec 8, 2023 8:24am Dec 8, 2023 8:24am
Quoting Isabella_D
{quote} Hello pixleboy, Kirkle suggested using the FTMO demo in the near future to see how the system of this thread works in reality. I am looking forward to that. You didn't have a good impression of FTMO and you mentioned the reasons for that. I think FTMO is very clever and I'll explain my motivation because some people are looking for a continuation after the experimental challenge. (see also HUB at FF) Where are the sticking points of a PropFirm? - Consistency (do they just want your entry fee or really partnership) - if you buy cheap, you...

Hello, Isabella_D, I discovered the issue after talking with a few FTMO people here in the USA. I have extremly high latency to the FTMO servers regardless of the type of internet connection I use. Currently on a fiber optic connection I have 110ms to DC2 and 173ms to DC3 server which makes my connection really choppy and trading experience with them a poor one. It looks like I will need to get a VPS but I am not sure how I will be able to use multi monitors for my other strategy. Anyways, this is my homework for the weekend. Thank you for your insights.
  • #119
  • Dec 8, 2023 9:15am Dec 8, 2023 9:15am
System performing as expected this morning

Took 2 trades, will update when home..
  • #120
  • Dec 8, 2023 9:37am Dec 8, 2023 9:37am
[quote=pixleboy;14683249]{quote} ...It looks like I will need to get a VPS but I am not sure how I will be able to use multi monitors for my other strategy. ...

fingers crossed. If you still need tips, ask Michael. He trades in the ultra-short term and uses extensive technology.
https://www.forexfactory.com/bionics
or Hub
https://www.forexfactory.com/thread/...-hub?page=1356
at least FTMO
not least the technical people at FTMO - always very open
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