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Quoting Inthebox
i am watching whether there is an immediate rebalance {image}
watching.
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ITB - Seeing Orderliness amongst 'Randomness'
Dear ITB. Thank you for the WOW thread. I spent 2 weeks to read all pages and I will try to run on demo account.

Please let me ask 2 questions before I start to trade.
1. The timeframe to trade.
I can spend only 3, 4 hours a day to trade on NewYork session open.
Is H4-H1-M15 suitable to me?
I often trade on M5 however I feel your strategy is more suitable on M15.

2. Risk management.
I see you are using DCA method.
Do you think about fixed SL and TP method?
I think I will set SL and TP on every valid entry on M30 and M15 if the RR > 1.5 with 1% risk on SL.
That means I will have some setups with different entry, SL, TP, volume but the risk is same.
from here jpy looks very strong against other currencies
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ITB - Seeing Orderliness amongst 'Randomness'
Quoting trumdongnat
Dear ITB. Thank you for the WOW thread. I spent 2 weeks to read all pages and I will try to run on demo account. Please let me ask 2 questions before I start to trade. 1. The timeframe to trade. I can spend only 3, 4 hours a day to trade on NewYork session open. Is H4-H1-M15 suitable to me? I often trade on M5 however I feel your strategy is more suitable on M15. 2. Risk management. I see you are using DCA method. Do you think about fixed SL and TP method? I think I will set SL and TP on every valid entry on M30 and M15 if the RR > 1.5 with 1% risk...
i tell you the real thing.
reading is one thing. even trading this for 6 - 12 months will be difficult for someone new to this method.

1. h4 h1 m15 is fine. also use m5 for entry because some times you do not see the set up in m15. just switch between the two.
trading NY session is tricky because many times we can't interpret the news. london session is easier to interpret the news.
also have to know what happened in the london and asia sessions.
there are news at 8.30am, nyse open at 9.30am, sometimes 10am news.
by the time things settle down will be 10am or 10.30am.

2. if i do not have the time to sit in front of computer i use DCA.
if i have the time, i have the trades with much higher lot size aiming for about 50 pips for gold.
today i already mentioned the SL and TP.
https://www.forexfactory.com/thread/...5#post14993635
https://www.forexfactory.com/thread/...5#post14993705
ITB - Seeing Orderliness amongst 'Randomness'
Quoting Inthebox
{quote} watching. {image}
update
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ITB - Seeing Orderliness amongst 'Randomness'
Quoting Inthebox
{quote} i tell you the real thing. reading is one thing. even trading this for 6 - 12 months will be difficult for someone new to this method. 1. h4 h1 m15 is fine. also use m5 for entry because some times you do not see the set up in m15. just switch between the two. trading NY session is tricky because many times we can't interpret the news. london session is easier to interpret the news. also have to know what happened in the london and asia sessions. there are news at 8.30am, nyse open at 9.30am, sometimes 10am news. by the time things settle...
Thank you for the answer.
I understood the good time to trade and your TP, SL method.
However, London session is really hard for me because I am at the company in that time.
immediate rebalance
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ITB - Seeing Orderliness amongst 'Randomness'
Quoting fxpider
UJ: A BPR is in the making, I guess. {image}
BPR did not happen, however, iFVG was in action.

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Success = Practice + Patience + Persistence
gold M W D
the daily today has little low wick.
jagged below, smooth above.
thoughts. monday low of the week, thursday/friday exhaustion move up, drop after hitting highs.
yesterday CPI disrupted up move. today we have PPI.
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ITB - Seeing Orderliness amongst 'Randomness'
a review on m5 and m1 around previous month close after CPI news at NYSE Open.
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ITB - Seeing Orderliness amongst 'Randomness'
Quoting Inthebox
gold M W D the daily today has little low wick. jagged below, smooth above. thoughts. monday low of the week, thursday/friday exhaustion move up, drop after hitting highs. yesterday CPI disrupted up move. today we have PPI. {image} {image}
CPI data was higher than expected which put doubt on the rate cut of 50 point basis or higher. Now, if the PPI also beats the expectation, then any rate cut in next week's FOMC will be in serious doubt. To clear the ALL-TIME high, a clear indication of a rate cut of at least 50 bps is needed, just a thought.
Success = Practice + Patience + Persistence
Quoting Inthebox
gold M W D the daily today has little low wick. jagged below, smooth above. thoughts. monday low of the week, thursday/friday exhaustion move up, drop after hitting highs. yesterday CPI disrupted up move. today we have PPI. {image} {image}
hitting NY pm high.
will there be a continuation or pullback during europe session since asia up move?
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ITB - Seeing Orderliness amongst 'Randomness'
Quoting Inthebox
{quote} hitting NY pm high. will there be a continuation or pullback during europe session since asia up move? {image}
I looking longs and waiting for pullback.
Target area WR1-R1 or maybe even yesterdays high.
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Quoting Inthebox
{quote} hitting NY pm high. will there be a continuation or pullback during europe session since asia up move? {image}
possibly immediate rebalance
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ITB - Seeing Orderliness amongst 'Randomness'
Quoting Inthebox
{quote} hitting NY pm high. will there be a continuation or pullback during europe session since asia up move? {image}
pullback during europe session. lower high.
same as yesterday.
has to take liquidity before move up.
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ITB - Seeing Orderliness amongst 'Randomness'
Quoting Inthebox
{quote} pullback during europe session. lower high. same as yesterday. has to take liquidity before move up. {image}
hitting the europe high before the PPI news.
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ITB - Seeing Orderliness amongst 'Randomness'
through the roof.
my trades for this week.
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ITB - Seeing Orderliness amongst 'Randomness'
Quoting Inthebox
through the roof. my trades for this week. {image}
complex neural network.
Success = Practice + Patience + Persistence
Quoting Inthebox
gold M W D the daily today has little low wick. jagged below, smooth above. thoughts. monday low of the week, thursday/friday exhaustion move up, drop after hitting highs. yesterday CPI disrupted up move. today we have PPI. {image} {image}
drop after hitting highs.
ITB - Seeing Orderliness amongst 'Randomness'
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ITB - Seeing Orderliness amongst 'Randomness'
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