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High & Low 8 Hours (GBP/JPY)

  • #2,441
  • Feb 6, 2008 8:11pm Feb 6, 2008 8:11pm
High is 209.5
Low is 208.31

Is this what others have? I ask because I see people are +350 so this week while I am -50 for the week. I have been close to my TPs but not close enough apparently.
  • #2,442
  • Feb 6, 2008 9:25pm Feb 6, 2008 9:25pm
hi 209.31
low 208.17
  • #2,443
  • Feb 6, 2008 9:37pm Feb 6, 2008 9:37pm
I have 209.30 and 208.26

in short already......
  • #2,444
  • Feb 6, 2008 9:43pm Feb 6, 2008 9:43pm
Hi 209.31
Low 208.25


Is that right?
  • #2,445
  • Feb 6, 2008 9:58pm Feb 6, 2008 9:58pm
This is correct.... 209.30 and 208.24
Brokers will differ but you are all in the ballpark.
  • #2,446
  • Feb 6, 2008 10:16pm Feb 6, 2008 10:16pm
I have:

Hi - 209.30
Lo - 208.26

These are from begining of 1800 GMT candlestick and the end 200 candlestick with FXCM
  • #2,447
  • Feb 6, 2008 10:32pm Feb 6, 2008 10:32pm
When does everyone enter their orders after they get the hi and lo.
Immediatly or do you wait until euro open.

Thanks
  • #2,448
  • Feb 6, 2008 11:20pm Feb 6, 2008 11:20pm
I will wait one more trade
  • #2,449
  • Feb 6, 2008 11:43pm Feb 6, 2008 11:43pm
Once I get the High and Low from the 18:00 to 02:00 box, I set my buy and sell stop orders wait for price to hit. I use fibs of previous swing to determine TP and SL
  • #2,450
  • Edited 12:46am Feb 7, 2008 12:33am | Edited 12:46am
I got
high-209.30
Low-208.24 down to 208.12
I doubled checked figures on 2 different charts, mt4 and my brokers, the highs were fine on both but the lows were 12 pips difference, this is quite significant especially today because the gb/y hit a trendline at about 208.12, and then turned right around back up, if order would have generated at 208.24, the 50 pip stop-loss would have been hit and bummed us out my friends, think this just shows the importance of TL and something certainly not to be ignored. The market is very sideways so it would seem.
Does anyone else see that?
Respect
Tom(uk)
  • #2,451
  • Feb 7, 2008 2:43am Feb 7, 2008 2:43am
Well its hit SL50...hope tomorrow will be better...
  • #2,452
  • Feb 7, 2008 2:51am Feb 7, 2008 2:51am
Quoting microsuck_36
Well its hit SL50...hope tomorrow will be better...
Me too. It is bound to happen. Hey ho.

  • #2,453
  • Feb 7, 2008 3:15am Feb 7, 2008 3:15am
Quoting SteveHopwood
Me too. It is bound to happen. Hey ho.

not to worry my brother...there is tomorrow and another 3 weeks for this month hehehe...
  • #2,454
  • Feb 7, 2008 3:17am Feb 7, 2008 3:17am
Hi Guys
This is a great trade when we can identify the trendlines, I didnt take the trade today because the market is in a tight range for one and secondly that trendline was around the entry point of the 208.12 low, the long would have been a good trade if it wasnt for the fact that the 200ema is acting as very strong resistance around the 209.40 mark, taking all these factors in to account, it was certainly a no trade until the range actually expands.
The easiest thing to do is to look at the high and low and take a punt and HOPE for a result but forex is a B_____D, it dosent move on hope.
Any feedback guys
Respect
Tom(UK)
  • #2,455
  • Feb 7, 2008 3:26am Feb 7, 2008 3:26am
Any UK guys here, the reason I ask is, The time scale is 18.00pm to 2.00am, that is middle of night in UK, I am going to test to see if can avoid putting any trade on till 7.00am in morning, gives time for asian session to settle down and see direction of pair, morning in UK see's pairs move quite quickly usually and that might be a better time to catch a trade. Also not happy with leaving a trade going while asleep, doing this might lose me money/pips if the target got hit in early hours but at least in control of trade and bottom line can see if trade going against you from outset.
Any ideas
Respect
Tom(uk)
  • #2,456
  • Feb 7, 2008 3:55am Feb 7, 2008 3:55am
why not use the EA?
TRADE FOR SWAP
  • #2,457
  • Feb 7, 2008 3:59am Feb 7, 2008 3:59am
Quoting microsuck_36
not to worry my brother...there is tomorrow and another 3 weeks for this month hehehe...
Yep, -50SL, there is no such holy grail system

Hopefully will have better trade tomorrow .....
  • #2,458
  • Feb 7, 2008 4:03am Feb 7, 2008 4:03am
Quoting booktimes
Any UK guys here, the reason I ask is, The time scale is 18.00pm to 2.00am, that is middle of night in UK, I am going to test to see if can avoid putting any trade on till 7.00am in morning, gives time for asian session to settle down and see direction of pair, morning in UK see's pairs move quite quickly usually and that might be a better time to catch a trade. Also not happy with leaving a trade going while asleep, doing this might lose me money/pips if the target got hit in early hours but at least in control of trade and bottom line can see if trade going against you from outset.
Any ideas
Respect
Tom(uk)
Booktimes
I too sit in uk and have to work full time, i have been with Nico system from the start and suggest as mentioned earlier you take the time to learn the EA and its settings - its well worth it, if only to get some sleep!

Harve
learn, profit, share
  • #2,459
  • Feb 7, 2008 4:21am Feb 7, 2008 4:21am
me too -100 on the buy
now in with the short
  • #2,460
  • Feb 7, 2008 4:24am Feb 7, 2008 4:24am
Quoting booktimes
I got
high-209.30
Low-208.24 down to 208.12
I doubled checked figures on 2 different charts, mt4 and my brokers, the highs were fine on both but the lows were 12 pips difference, this is quite significant especially today because the gb/y hit a trendline at about 208.12, and then turned right around back up, if order would have generated at 208.24, the 50 pip stop-loss would have been hit and bummed us out my friends, think this just shows the importance of TL and something certainly not to be ignored. The market is very sideways so it would seem.
Does anyone else see that?
Respect
Tom(uk)
mate on which time frame charts have you drawn your trendlines?
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