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High & Low 8 Hours (GBP/JPY)

  • #261
  • Nov 6, 2007 9:00am Nov 6, 2007 9:00am
For what it's worth, Nicotina's GBP/USD system made it's +40 pips. It took all night, but it got there.
  • #262
  • Nov 6, 2007 9:47am Nov 6, 2007 9:47am
Quoting Nicotina
1ª Close on SL but the 2ª Closed on target +50 Pips

Total(150+50)= +200 Pips
is it 1800GMT and 2100GMT? and hw do you place the trades? is it pending order or instant execution? thanks.
  • #263
  • Nov 6, 2007 8:09pm Nov 6, 2007 8:09pm
07/11/2007


Buy: 239.55
Sell: 238.76
  • #264
  • Nov 6, 2007 8:21pm Nov 6, 2007 8:21pm
would you post GBP/USD call also here,because your website is portugal,pls just simply put GBP/USD signals here,thanks lot for all your contributions.

best regards,
ELE
  • #265
  • Nov 6, 2007 8:24pm Nov 6, 2007 8:24pm
Quoting ele
would you post GBP/USD call also here,because your website is portugal,pls just simply put GBP/USD signals here,thanks lot for all your contributions.

best regards,
ELE
http://www.forexfactory.com/showpost...&postcount=224
  • #266
  • Nov 6, 2007 8:28pm Nov 6, 2007 8:28pm
This is what I have.
Attached Image
  • #267
  • Nov 6, 2007 10:33pm Nov 6, 2007 10:33pm
First order was stopped out...correct? Now we place another buy stop at 239.55...yes??
Quoting Nicotina
07/11/2007


Buy: 239.55
Sell: 238.76
  • #268
  • Nov 6, 2007 10:34pm Nov 6, 2007 10:34pm
Quoting billbss
For what it's worth, Nicotina's GBP/USD system made it's +40 pips. It took all night, but it got there.
Hi billbss,

You seem to be closely following this strategy. Could you help me clarify this.
He says, if 50 SL is hit, open again. Isn't it same as opening first time itself with 100 SL?

Also, I am in Eastern time zone and using FXDD metatrader, interestingly, the bar that shows 20 hours and 4 hours are the bar he is using. The 4 hours corresponds to my 9PM. Does this sound right.

Thanks in advance for your help.

TradeStar
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #269
  • Nov 6, 2007 10:47pm Nov 6, 2007 10:47pm
Quoting Colostarr
First order was stopped out...correct? Now we place another buy stop at 239.55...yes??
Yep. That is right.
  • #270
  • Nov 6, 2007 10:51pm Nov 6, 2007 10:51pm
Quoting TradeStar
Hi billbss,

You seem to be closely following this strategy. Could you help me clarify this.
He says, if 50 SL is hit, open again. Isn't it same as opening first time itself with 100 SL?

Also, I am in Eastern time zone and using FXDD metatrader, interestingly, the bar that shows 20 hours and 4 hours are the bar he is using. The 4 hours corresponds to my 9PM. Does this sound right.

Thanks in advance for your help.

TradeStar
You replace the order you got stopped out on.
I just got stopped put on the buy stop order of 239.54.

I put in another buy stop order for 239.54.

It won't trigger unless price goes back to that level.

FXDD is set to GMT+2

Therefore Nicotina's time window of 1800 to 0200 GMT would equate to 2000 to 0400 on FXDD.
  • #271
  • Nov 6, 2007 11:28pm Nov 6, 2007 11:28pm
Thanks much bllbss
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #272
  • Nov 6, 2007 11:38pm Nov 6, 2007 11:38pm
Has it ever happened that both the buy and sell stops were triggered and both stopped out?? My sell stop just triggered...now I am skeered!
  • #273
  • Nov 6, 2007 11:40pm Nov 6, 2007 11:40pm
Quoting Colostarr
Has it ever happened that both the buy and sell stops were triggered and both stopped out?? My sell stop just triggered...now I am skeered!
Oh yeah. They can both get stopped out.

There are a few days that Nicotina reports -100 pips.

The +100 and +50 days have more than made up for it.
  • #274
  • Nov 6, 2007 11:46pm Nov 6, 2007 11:46pm
Well,
I am afraid if it happens it's because today is my first day trying this method...so you guys can blame me!

Quoting billbss
Oh yeah. They can both get stopped out.

There are a few days that Nicotina reports -100 pips.

The +100 and +50 days have more than made up for it.
  • #275
  • Nov 7, 2007 12:52am Nov 7, 2007 12:52am
Quoting billbss
You replace the order you got stopped out on.
I just got stopped put on the buy stop order of 239.54.

I put in another buy stop order for 239.54.

It won't trigger unless price goes back to that level.

FXDD is set to GMT+2

Therefore Nicotina's time window of 1800 to 0200 GMT would equate to 2000 to 0400 on FXDD.
hats off to u nicotina for sharing such a great system and to billbss for helping a lot to newbies like me
  • #276
  • Nov 7, 2007 1:32am Nov 7, 2007 1:32am
Quoting luckymalik
hats off to u nicotina for sharing such a great system and to billbss for helping a lot to newbies like me
Thank you.
  • #277
  • Nov 7, 2007 1:52am Nov 7, 2007 1:52am
Same here for Nicotina & bilbass for thier great jobs, I have made a visual backtest for the system for one year, I will post the result as soon as possible.

BK
  • #278
  • Nov 7, 2007 1:55am Nov 7, 2007 1:55am
Quoting bkoori
Same here for Nicotina & bilbass for thier great jobs, I have made a visual backtest for the system for one year, I will post the result as soon as possible.

BK
Great!
I am anxious to see it.
Thanks.
  • #279
  • Nov 7, 2007 2:43am Nov 7, 2007 2:43am
Quoting billbss
Great!
I am anxious to see it.
Thanks.
Just one thing I need u to correct me if i am wrong, I use the HI/Low of the CLOSING of 18:00GMT & 2:00GMT candle, is that right?

thats what I used on the backtest.

BK
  • #280
  • Nov 7, 2007 2:54am Nov 7, 2007 2:54am
Quoting billbss
Right now, we're looking at 1 PM to 9 PM Eastern. That's 1700 GMT to 0100 GMT. That will change to Noon - 8 PM Eastern when we lose DST. (This weekend?)

Nicotina said he spent many long hours pouring over charts, finding that time window.

I don't know if it will work on other pairs.

Are we to adjust for the DST? just trying to make sure i got this right. Ive scanned through this entire thread and its the timeframe to identify the high and low that seems to be the common confusion. I am west coast USA. Are the times shown above still accurate? I mean no changes?
Thank you

Henyloc
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