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High & Low 8 Hours (GBP/JPY)

  • #461
  • Nov 11, 2007 9:38pm Nov 11, 2007 9:38pm
looks like we might hit target within the 1 candle
  • #462
  • Nov 11, 2007 9:43pm Nov 11, 2007 9:43pm
Quoting Justin
billbss

Can you please put up a chart to show your figures? My figures are just way off yours as well. How did you get 229.54 as the low for the period?

Thanks
Here it is


FF isn't copying the screenshots.
I tried twice and they won't come through.
Attached Image (click to enlarge)
Click to Enlarge Name: G-J..JPG Size: 255 KB
  • #463
  • Nov 11, 2007 9:44pm Nov 11, 2007 9:44pm
that was a quick 100 pips
  • #464
  • Nov 11, 2007 9:46pm Nov 11, 2007 9:46pm
Quoting harold4x
that was a quick 100 pips
I missed the trade answering these posts
  • #465
  • Nov 11, 2007 10:02pm Nov 11, 2007 10:02pm
Quoting billbss
Here it is


FF isn't copying the screenshots.
I tried twice and they won't come through.
Thanks billbss. Now things are clear to me. Unfortunately my broker charting software doesn't show the 22:00 candle hence the confusion. It only starts from 00:00GMT.

I think every Monday I'll rely on your figures for entry.
  • #466
  • Nov 11, 2007 10:16pm Nov 11, 2007 10:16pm
Quoting harold4x
that was a quick 100 pips
I don't see the pip move 100 either side. How did you make it
  • #467
  • Nov 11, 2007 10:36pm Nov 11, 2007 10:36pm
the low was 229.54 and i entered at 229.53 and it hit target ar 228.53
  • #468
  • Nov 11, 2007 11:19pm Nov 11, 2007 11:19pm
Based on the figures provided by Nicotina the sell target was achieved at 228.54

http://img228.imageshack.us/img228/6564/72812946gf2.jpg

Entry is yellow line at 229.54
SL is the red line 230.04 (50 pips)
TP is the green line at 228.54 (100 pips)

This is a great strategy
  • #469
  • Nov 12, 2007 12:29am Nov 12, 2007 12:29am
Quoting billbss
That;s because IBFX doesn't show the 2200 candle. It start's it's data feed, on Sunday, at 2300.
Thanks Billbss, for helping clearing this up. Now I got the point. You have been helping alot of questions in this thread.
  • #470
  • Nov 12, 2007 1:40am Nov 12, 2007 1:40am
Quoting billbss
I missed the trade answering these posts
Sorry to hear billbss, I missed this one as well, but for other reasons...

I played around over the weekend with other currencies, and was wondering if anyone could find some logic behind the specific TF. I also went through his other site but was not able to find much info and its Portuguese, so I might have missed something.

Q: is there some logic behind the TF?
  • #471
  • Nov 12, 2007 2:07am Nov 12, 2007 2:07am
hello nicotina and billbss

100greens more for me as always green

many thanks
member
  • #472
  • Nov 12, 2007 3:24am Nov 12, 2007 3:24am
Quoting autotrade-fx
I'd like to send you the EasyLanguage code, but I cannot PM you because FF limitation. If you want, PM me your email.
Hi,
Thanks you for your response. You can send me an email to:
[email protected] (I live in Malaga-spain).
What is FF limitation?
phab
  • #473
  • Nov 12, 2007 3:34am Nov 12, 2007 3:34am
Quoting harold4x
do me a favor open up a demo with north finance and you will see what i mean
Time window is:

From 18:00 to 1:59 GMT
18:00 to 1:59 UK time
19:00 to 2:59 CET European time
13:00 to 20:59 EST New York East Coast US
10:00 to 17:59 PST West Coast US

Mondays from open of the market on Sunday evening to 1:59 GMT

It does not matter which broker you use , you should adjust the box according to the above any other time zone you are in.
Regards
  • #474
  • Nov 12, 2007 4:40am Nov 12, 2007 4:40am
Quoting Fx1618
Sorry to hear billbss, I missed this one as well, but for other reasons...

I played around over the weekend with other currencies, and was wondering if anyone could find some logic behind the specific TF. I also went through his other site but was not able to find much info and its Portuguese, so I might have missed something.

Q: is there some logic behind the TF?

Nicotina said he had visually examined historical charts and arrived at this time frame.
  • #475
  • Nov 12, 2007 4:47am Nov 12, 2007 4:47am
Quoting howard
Time window is:

From 18:00 to 1:59 GMT
18:00 to 1:59 UK time
19:00 to 2:59 CET European time
13:00 to 20:59 EST New York East Coast US
10:00 to 17:59 PST West Coast US

Mondays from open of the market on Sunday evening to 1:59 GMT

It does not matter which broker you use , you should adjust the box according to the above any other time zone you are in.
Trading forex, you have to think in GMT terms a lot of the time.
I have set up my computer time to GMT. It makes it less confusing and easier to keep up with.
  • #476
  • Nov 12, 2007 4:52am Nov 12, 2007 4:52am
anyone has worked on an EA for this system? It's hard taking trades during night at 2:00 gmt.
  • #477
  • Nov 12, 2007 7:49am Nov 12, 2007 7:49am
Nicotina, Billbss, and rest of great mates of this thread. As I promised I am working on the backtest of this system, I will post it as soon as possible. One of the member mentioned that we should consider the year of 2005 and 2006 to make sure that the system will work well in the future. I can say that 2005 had a very tough market due to many ranging days. There was some losing months there, The 100 TP was very hard to be achieved through many trades, the 50 TP target was much better to score. Dont want make you guys exicited so much, I will get it done as soon as possible, u make the judgement

My point is to professional traders to provide much more effective money managment to make this system much more powerful, what I mean is that some days the profit is very high and some others is less that the usual daily taget. The question is how to run and manage this system to make it more efficient by maximizing the profit & minimizing loses just like any other business (THIS HAS NOTHING TO DO WITH GREED!!). Would love to hear thoughts and ideas of course after the permissin of Mr. Nicotina

Good luck every one,

bk
  • #478
  • Nov 12, 2007 9:04am Nov 12, 2007 9:04am
Nicotina's GBP/USD system= +20 pips.

OOPS- If you had a spread of =>4 pips, it went -40.
  • #479
  • Nov 12, 2007 9:20am Nov 12, 2007 9:20am
Quoting billbss
I honestly don't know.
I use IBFX and they have the GBP/JPY spread at 9 most of the time now. Sometimes they raise it when it's not even news time.
I'm looking for another broker.
I use ODL, i am testing the demo at the moment, planning on putting real money next year. So far they always answer all the questions on time, GBP/JPY 6 pips. And i did a lot of research and so far did not see any bad reviews for them. For them new day starts at 7pm est.
  • #480
  • Nov 12, 2007 9:52am Nov 12, 2007 9:52am
Quoting bkoori
The question is how to run and manage this system to make it more efficient by maximizing the profit & minimizing loses just like any other business (THIS HAS NOTHING TO DO WITH GREED!!).
May be not, but surely with curve fitting.
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