Biting the Big Apple - XAUUSD M1 trading London close / NY open | Page 40 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD

Similar Threads

cable:london open, close, hi lo indicator 2 replies

Trading from NY close to London open 14 replies

Price Levels - Weekly High/Low, NY-Close, London Close 6 replies

London Calling . . . Various strategies focusing on London Open 58 replies

Show the open/close time of Asia, London, NY on MT4 1 reply

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

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

  • #781
  • Jan 26, 2024 4:58am Jan 26, 2024 4:58am
Quoting T721
{quote} If you need any order block PDFs oor SMC concept PDFs let me know and i will drop them.... If you can think of anything else that might be useful here let me know and i will see if i have them. I have more stuff than anyone will ever be able to learn
Stacking pdf's pls.
  • #782
  • Jan 26, 2024 5:03am Jan 26, 2024 5:03am
Quoting OutThere
{quote} Stacking pdf's pls.
Hi pal, there isnt much OutThere on stacking but will show you how i do it when we get on zoom. cant zoom tonight as i have a zoom session with veronica at 7pm but will get a zoom with you soon maybe even weekend if you are around. Dont be shy just get in or even get OP of thread (Kirkleaforex) to join with you for some backup
  • #783
  • Jan 26, 2024 5:15am Jan 26, 2024 5:15am
Quoting OutThere
{quote} Stacking pdf's pls.
also have a zoom session with griffc but not sure wether Sat or Sun and time. just waiting to hear back from him
  • #784
  • Jan 26, 2024 11:56am Jan 26, 2024 11:56am
Quoting kirkleaforex
{quote} No problems, mate. Now you can put your Supply Demand Pro indicator back on your chart if you want, but I would definitely think about changing the alert arrow colours for either the Supply Demand Pro indicator arrows or the BTBA higher TF arrows so there is no confusion. I would also check that your TVI indicator tickR, tickS, and tickU values to match the BTBA values, i.e. 21, 21, 5. Right now your TVI has values of 13, 13, 3. They should be the same otherwise you might be wondering why there is a White Buy arrow on your chart window but...
You should use the Supply and demand indicator that is based on price action concepts like Rally base rally, drop base drop, drop base rally and rally base drop.
  • #785
  • Jan 26, 2024 12:38pm Jan 26, 2024 12:38pm
Quoting mrdfx
{quote} What a week it's been. It's been a learning week for me in regards to staying disciplined and sticking to the rules. Not sticking to my own rules cost me a few % this week, but today was a good day and made up for the losses closing the week with +5% profit. I didn't trade on Tuesday which looked like a pretty good day so I could have made more, but I'll take the +5%. My take way from this week is to trust my own rules and not get to impulsive to pull the trigger when I don't have a 100% valid confirmation. A little more restrain...
And another interesting week comes to an end. Once again I made a few silly mistakes by not sticking to my own rules, I think this is one of the hardest things, is sticking to the trade plan and SOH.

Having said that this week I made +6%, not too bad considering everything, although I gave back a lot.

So in the last 3 weeks of dedicated trading with this strategy I've made +19% (8+5+6)

US30 once again proved to be the better pair this week, I'm really liking this pair alongside gold.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled26.png Size: 9 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #786
  • Jan 27, 2024 3:55pm Jan 27, 2024 3:55pm
Quoting mrdfx
{quote} And another interesting week comes to an end. Once again I made a few silly mistakes by not sticking to my own rules, I think this is one of the hardest things, is sticking to the trade plan and SOH. Having said that this week I made +6%, not too bad considering everything, although I gave back a lot. So in the last 3 weeks of dedicated trading with this strategy I've made +19% (8+5+6) US30 once again proved to be the better pair this week, I'm really liking this pair alongside gold. {image}
That is great! Well done.

Would you share what your A+ entry / exit rules are for the Gold and US30?
  • #787
  • Jan 29, 2024 11:46am Jan 29, 2024 11:46am
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM1.png Size: 21 KB
  • #788
  • Jan 29, 2024 10:24pm Jan 29, 2024 10:24pm
Quoting kirkleaforex
{quote} Thank you imifx for your post. This is all way more important to trading than just the strategy. The more we can get people to focus on themselves and their psychology the better the results we can expect. Right now I will admit that my own psychology is taking a beating. Someone very close to me likely has only weeks left to live due to a long cancer battle. This is no time for me to be trading. It is important to choose the best time to trade. Not just the best session time, but also the best time when YOU are feeling in control of your...
I am very sorry to read what you are going through Kirk, it is not easy to be in that situation, I personally have been through it and it was very difficult, I hope you spend a lot of charity time with that person, who I am sure values your company a lot, from me a greeting and a hug buddy, and relax the market will be here when you come back.
And regarding my trading, I have been a little inactive here because I have been working hard to perfect my entries with BTBA and my trading in general, this week I start my prop firm account so I'm getting everything ready.
I hope to be able to present the report with the results of BTBA in the demo account this month, I will do the same with my prop firm account for February, good luck to all guys and happy week.
  • #789
  • Jan 29, 2024 10:25pm Jan 29, 2024 10:25pm
small operation today, my ratio is 1:1 so my stop and tp are very similar hehe, it is true that I had the direction of the market and I could have taken much more pips, but that's what I'm looking for and with it I'm satisfied.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 27 KB
  • #790
  • Edited 8:24am Jan 30, 2024 6:44am | Edited 8:24am
Dear Kirk, Hello, first of all I want to ask your friend. I hope he is well. Second, I have a question, if you can help me please. I have a problem with the TVI indicator on the GBPUSD chart and some others and it is not displayed. Of course, there is only a problem with some currency pairs and the rest are displayed!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 36 KB
Click to Enlarge Name: screenshot.png Size: 33 KB
Click to Enlarge Name: screenshot.png Size: 28 KB
Click to Enlarge Name: screenshot.png Size: 32 KB
  • #791
  • Jan 30, 2024 7:01am Jan 30, 2024 7:01am
Quoting mrdfx
{quote} And another interesting week comes to an end. Once again I made a few silly mistakes by not sticking to my own rules, I think this is one of the hardest things, is sticking to the trade plan and SOH. Having said that this week I made +6%, not too bad considering everything, although I gave back a lot. So in the last 3 weeks of dedicated trading with this strategy I've made +19% (8+5+6) US30 once again proved to be the better pair this week, I'm really liking this pair alongside gold. {image}
Hello,
Can you share what your entry / exit rule ?

Thanks
  • #792
  • Jan 30, 2024 8:39am Jan 30, 2024 8:39am
Caught a good one today at the 831 EST candle, could have had a lot more but it hit my 2x RR TP so pleased with the result. It's been a little slow for me with this recently but the key is patience as others have said, don't break your rules just to get in a trade, I've had a couple breakevens that went on to do well, but also others that would have lost, so stick with the plan whatever yours is.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 33 KB

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 98 KB
  • #793
  • Jan 30, 2024 5:08pm Jan 30, 2024 5:08pm
Quoting mehrdad1968
Dear Kirk, Hello, first of all I want to ask your friend. I hope he is well. Second, I have a question, if you can help me please. I have a problem with the TVI indicator on the GBPUSD chart and some others and it is not displayed. Of course, there is only a problem with some currency pairs and the rest are displayed! {image} {image} {image} {image}
Hi mehrdad1968.

Sorry but I have not been able to replicate this problem here, the TVI indicator is working correctly for all pairs I try it with. Have you tried changing TF and changing back again?

Is anybody else reading this having the same problem? Or is anybody reading this able to suggest a possible solution?
Trade to Live - Don't Live to Trade
  • #794
  • Jan 30, 2024 5:11pm Jan 30, 2024 5:11pm
Quoting jwpdad
Caught a good one today at the 831 EST candle, could have had a lot more but it hit my 2x RR TP so pleased with the result. It's been a little slow for me with this recently but the key is patience as others have said, don't break your rules just to get in a trade, I've had a couple breakevens that went on to do well, but also others that would have lost, so stick with the plan whatever yours is. {image} {image}
Nice one jwpdad, well done. But yes, patience is always key. Small wins (even slow weeks) add up over time, there is no rush. Rushing will kill your account.

Congrats mate, keep it up.
Trade to Live - Don't Live to Trade
  • #795
  • Feb 1, 2024 3:58am Feb 1, 2024 3:58am
Quoting teapeak
{quote} Thanks. Trying to do my best with help of your tools Regarding this indicator I am using its sort of TMA channel, just using it for visual control to see if the price is around border or not. If interested I can share just let me know.
Hi @Teapeak, Can you share the indicator you mentioned here?
  • #796
  • Feb 1, 2024 6:05pm Feb 1, 2024 6:05pm
Quoting pki87
{quote} Hi @Teapeak, Can you share the indicator you mentioned here?

Hi pki87.

You can use the version showing in this post HERE.
Trade to Live - Don't Live to Trade
  • #797
  • Feb 1, 2024 6:53pm Feb 1, 2024 6:53pm
Hi thread.

It has been a challenge recently finding the right time to trade with a lot of personal stuff happening in my life, but last night I decided to have a look at what was happening on Gold.

I decided to switch things up a bit and I decided to let price take 'liquidity' during either the London or NY session, and then take the first available opposite BTBA arrow signal, targeting opposing liquidity.

Late in the London session I saw price take out the previous day's LOW. I entered the first BTBA BUY arrow and targeted the previous day's HIGH as my TP. This was a 175 pip move, and I was not expecting this to happen as I am not used to setting any more than a 1:1 RR. I set my SL just below the low where the liquidity had been taken moments before.

And then I walked away.

It was an interesting experiment. I found myself constantly thinking about checking my trade, what if it was in a decent profit, if it was should I secure it, all these thoughts racing around in my head. I ended up getting up shortly after midnight and came to my computer and saw I was 5% in profit, so I decide to close the trade.

When I woke this morning I checked and saw that my initial TP would have been hit IF I would have let the trade fully play out. But 5% is a massive account gain so I was not disappointed. It was an amazing feeling, and it also meant that I passed another FTMO demo challenge ($25K).

Attached to this Post there is an indicator which I used for this trade, it is called PDH_indicator. It plots yesterday's HIGH and LOW, and if one of these is 'taken' it changes colour and prints a message to the screen saying liquidity has been taken. This might be useful for anyone out there who likes trading when liquidity zones have been taken.
Attached File(s)
File Type: ex4 PDH_indicator.ex4   12 KB | 429 downloads
Trade to Live - Don't Live to Trade
  • #798
  • Feb 2, 2024 4:42am Feb 2, 2024 4:42am
Quoting kirkleaforex
Hi thread. It has been a challenge recently finding the right time to trade with a lot of personal stuff happening in my life, but last night I decided to have a look at what was happening on Gold. I decided to switch things up a bit and I decided to let price take 'liquidity' during either the London or NY session, and then take the first available opposite BTBA arrow signal, targeting opposing liquidity. Late in the London session I saw price take out the previous day's LOW. I entered the first BTBA BUY arrow and targeted the previous day's HIGH...
Thank you, Krik for sharing your experience. Could you please confirm which version you're using currently and for the last trade. Also, I would like to see the screen of your chart for visual guidence. Just an FYI, I am experimenting with your initial released indis and so far I am not satisfied doesn't mean its not working however I have some other plan to reduce the screen timing, I will start posting once I will have confidence. Hope u understand !!
If you believe in yourself anything is possible !!
  • #799
  • Feb 2, 2024 1:37pm Feb 2, 2024 1:37pm
Quoting mrdfx
{quote} And another interesting week comes to an end. Once again I made a few silly mistakes by not sticking to my own rules, I think this is one of the hardest things, is sticking to the trade plan and SOH. Having said that this week I made +6%, not too bad considering everything, although I gave back a lot. So in the last 3 weeks of dedicated trading with this strategy I've made +19% (8+5+6) US30 once again proved to be the better pair this week, I'm really liking this pair alongside gold. {image}
So it was bound to happen at some point... my first losing week. I can give a number of reasons why for the losses, but in the end it was a mix of just having normal losing trades, not sticking to my rules once again, some revenge trading on the side, and having some inconsistency issues with the BTBI indicator itself.

So this week I close with -3% for the week, which gives me a total of +16% profit over the last 4 weeks, nothing wrong with that.

I need to work on finding better ways for the recalculating/signals disappearing issue as it was pretty prevalent this week causing a few of the losses I had.

So there were a few members asking me how I enter and I did give a basic outline of how I'm trading this strategy in post #655, but things have evolved a bit since then so I'll run through it again of how I'm trading the strategy now.

I look for trades around the 8:30 and 9:30 NY times and I will cross reference on M5 for directional confluence to enter on M1. I only buy above the 100 EMA and sell below it. I use the S&D pro indicator as a visual aid to look for levels to trade around, and I've recently added a 50 period HMA to get an additional visual color reference of the trend and only sell when it's red and buy when it's green.

For the MM I now use a 30-40 pip SL & TP (1:1 RR) and set my risk at 1% per order. I look for 2-3 trades per day or if I see more valid opportunities I'll trade them.

I have stopped trading on US30, in the end it was not consistent enough for me to continue, so I'm sticking with gold which still works great.

Cheers.
Truth is like poetry. And most people f*cking hate poetry.
  • #800
  • Feb 2, 2024 2:19pm Feb 2, 2024 2:19pm
Quoting mrdfx
{quote} So it was bound to happen at some point... my first losing week. I can give a number of reasons why for the losses, but in the end it was a mix of just having normal losing trades, not sticking to my rules once again, some revenge trading on the side, and having some inconsistency issues with the BTBI indicator itself. So this week I close with -3% for the week, which gives me a total of +16% profit over the last 4 weeks, nothing wrong with that. I need to work on finding better ways for the recalculating/signals...
First of all well done on 16% gain, well done bro!!!

When I read the beginning of your post, I thought the issue might be related to US30. However, you mentioned it yourself at the end. Trading US30 with indicators is quite risky, just like any index, because they are influenced by top stocks. To be profitable, it's essential to keep an eye on the news and movements of those individual stocks. While US30 or NQ may yield good profits for a few days, one unexpected move can wipe out the gains for the entire month or even the whole year. Without proper money management, there's a risk of significant losses.

You did well because you have a trading plan and good MM.
If you believe in yourself anything is possible !!
2 traders viewing now