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High & Low 8 Hours (GBP/JPY)

  • #321
  • Nov 7, 2007 7:53pm Nov 7, 2007 7:53pm
Quoting Nicotina
8/11/2007


Buy: 238.12
Sell: 235.20

Play with small lots was a big fall!!!
Hi Nicotina,
Would you recommend a no trade day? That is a huge range.
  • #322
  • Nov 7, 2007 8:06pm Nov 7, 2007 8:06pm
hi all
anybody could modify this system to be best no brainer? some filters added will be great

i am working on it,how are u
Ele
  • #323
  • Nov 7, 2007 8:12pm Nov 7, 2007 8:12pm
Quoting billbss
Hi Nicotina,
Would you recommend a no trade day? That is a huge range.
Small lots
  • #324
  • Nov 7, 2007 8:17pm Nov 7, 2007 8:17pm
Quoting Nicotina
Small lots
OK
Also small lots for GBP/USD?
  • #325
  • Nov 7, 2007 8:22pm Nov 7, 2007 8:22pm
Quoting svv691
Hello!
Could you explain me how did you do this trade? becouse i placed 2 orders: buy 239.55 and sell 238.76. I was filled for buy, but about 1 hour later i was stopped out with loss - 50 pips. Than i placed the same two orders again: 239.55 buy and 238.76 sell. i was filled for buy again and than stopped out with loss -50, after that i ended day with loss 100 pips.
Did you place order: buy = high+1pip+spread; sell = low -1 pip, or another.
Sorry for my english!
You were right, because i was watching the chart when this happened. The first buy order got stopped in a very quick move, less then 30 minutes and after it got stopped, it went up again to 239.55 in less than 30 minutes, before it got stopped again and the sell order got hit. I didn't place the second buy order though, because the price movement is just to crazy during that time.
  • #326
  • Nov 7, 2007 8:23pm Nov 7, 2007 8:23pm
Today is really a High range to play with - So I am off today and I have already made my 200 pips (Sell & Buy) by following the trend.
  • #327
  • Edited 8:43pm Nov 7, 2007 8:25pm | Edited 8:43pm
Quoting Nicotina
Small lots
I think i'm also gonna go for just 50 pips tp
  • #328
  • Nov 7, 2007 8:30pm Nov 7, 2007 8:30pm
Quoting vsumardi
You were right, because i was watching the chart when this happened. The first buy order got stopped in a very quick move, less then 30 minutes and after it got stopped, it went up again to 239.55 in less than 30 minutes, before it got stopped again and the sell order got hit. I didn't place the second buy order though, because the price movement is just to crazy during that time.
I traded it and that didn't happen to me.
There was a low at 0250 GMT that came 4 pips from hitting the SL, but it didn't.
I finally got stopped out at 0410 GMT.

Differences in broker prices could account for it.
  • #329
  • Nov 7, 2007 8:47pm Nov 7, 2007 8:47pm
Quoting billbss
I traded it and that didn't happen to me.
There was a low at 0250 GMT that came 4 pips from hitting the SL, but it didn't.
I finally got stopped out at 0410 GMT.

Differences in broker prices could account for it.
Yes, i think it might be, because sometime i see Nicotina posted +50 while i got +100 or vice versa, and more than twice i see price just headed in reverse direction in 5 pips or less from tp or sl. Anyway it is still a good system.
  • #330
  • Nov 7, 2007 8:52pm Nov 7, 2007 8:52pm
Just one thing i don´t undestand exactly yet..

After get stopped, i need went up again in trade.

If i go long and my SL was hit, i need to enter short at the previews lows of 1800-0200 GMT, or at the same time my SL was hit ?

Thanks,
  • #331
  • Nov 7, 2007 9:00pm Nov 7, 2007 9:00pm
Quoting Numeral
Just one thing i don´t undestand exactly yet..

After get stopped, i need went up again in trade.

If i go long and my SL was hit, i need to enter short at the previews lows of 1800-0200 GMT, or at the same time my SL was hit ?

Thanks,
You need to enter both your long and short order at 0200 GMT.

If the long gets stopped out, you enter the long order again at the same price as you originally did.

The short order is already there. You entered it at 0200 GMT.

You only let yourself get stopped out twice- either long or short or both.
  • #332
  • Nov 7, 2007 9:33pm Nov 7, 2007 9:33pm
Quoting billbss
Hi Nicotina,
Would you recommend a no trade day? That is a huge range.
I personally will be looking at grabbing some pips between the range today. Good luck all
  • #333
  • Nov 8, 2007 1:35am Nov 8, 2007 1:35am
I went only for +50, the market will go down to try the lowest of yesterday, if it doesnt break it, it will go up for resistance testing. also as Nicotina said small lots, dont wanna lose the nice pips we got yesterday .

Good luck everyone,

Bk
  • #334
  • Nov 8, 2007 3:15am Nov 8, 2007 3:15am
Here is a time table for all markets, it might be useful.

BK
Attached Image
  • #335
  • Nov 8, 2007 3:47am Nov 8, 2007 3:47am
Quoting Bull
First of all I want to thank to Nicotina for share this system with us and also to billbss for his contribution.
I second that and tx to you for this nifty indicator
  • #336
  • Nov 8, 2007 3:48am Nov 8, 2007 3:48am
Quoting svv691
Hello!
Could you explain me how did you do this trade? becouse i placed 2 orders: buy 239.55 and sell 238.76. I was filled for buy, but about 1 hour later i was stopped out with loss - 50 pips. Than i placed the same two orders again: 239.55 buy and 238.76 sell. i was filled for buy again and than stopped out with loss -50, after that i ended day with loss 100 pips.
Did you place order: buy = high+1pip+spread; sell = low -1 pip, or another.
Sorry for my english!
Maybe the difference in brokers feeds, I had live trades and ended up with +50
Regards
  • #337
  • Nov 8, 2007 3:57am Nov 8, 2007 3:57am
This system works with the GBP/USD as well? I think I must have missed that one...Is it the same setup times and everything??
Quoting billbss
OK
Also small lots for GBP/USD?
  • #338
  • Nov 8, 2007 4:00am Nov 8, 2007 4:00am
Quoting bkoori
Here is a time table for all markets, it might be useful.

BK
Hi,

London opens at 08:00GMT
  • #339
  • Nov 8, 2007 4:21am Nov 8, 2007 4:21am
Quoting Bull
First of all I want to thank to Nicotina for share this system with us and also to billbss for his contribution.
This system work very well, inclusive if you see the PipBoxer (commercial system) it’s similar in the way that make a Box in a appropriate time and the entry will occur at the breakout.
I’ attach a little Indicator that Show the Box (even with difference of days) with High and Low. The “BoxBegin” and “BoxEnd” are ALWAYS the hours of your Broker (look difference with GMT).
How should we set the begin and end dates (not times)? It only shows one box beginning on 06/11 and ending 07/11, does it not update automatically keeping the previous boxes?
Regards
  • #340
  • Nov 8, 2007 4:28am Nov 8, 2007 4:28am
Quoting howard
How should we set the begin and end dates (not times)? It only shows one box beginning on 06/11 and ending 07/11, does it not update automatically keeping the previous boxes?

Same here, somebody should help with that, I dont know how to do it, NOT A PROGRAMMER.

BK
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