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Daily Scalping the Asian High and Asian Low 2 - You want simplicity?

  • #21
  • Edited 11:08am Apr 11, 2008 10:57am | Edited 11:08am
Quoting dandyman_7
thank for sharing..
nice job..

p/s - can u share ur nice ema55 indi


tq
dandyman_7

(sory my broken english)
Download the following zip file:
http://www.forexfactory.com/attachme...1&d=1207702588

It contains the color moving average indicator.
  • #22
  • Apr 11, 2008 11:04am Apr 11, 2008 11:04am
ok thanks leliofx...

dandyman_7
  • #23
  • Apr 12, 2008 7:09am Apr 12, 2008 7:09am
Quoting billbss
Keep in mind that on a 1H chart, the 0600 candle closes at 0700.

I think he means that AT 0600 GMT, you place your stop order.
Thanks billbss for your reply. I am still not sure though why the candles used for determining high and low is from 2100 - 0500, when the actual Asian Session is between 0000 - 0800. Or am i wrong about this?

Moreover, it looks like the strategy didn't quite work going by the rules yesterday, or did i do something wrong again? Somebody please confirm. I'm not trying to discredit the system (i haven't seen a flawless one yet), just want to know if i did something wrong.

By the way, i did a little manual back-testing using the 0000 - 0800 and found a high rate of success. Going by it, yesterday would have made a tight 10 pips with nothing to spare.

Let me know what u guys think about this.
  • #24
  • Edited 7:35am Apr 12, 2008 7:26am | Edited 7:35am
Hi everyone,

Why did I set the time before 2100 GMT is because Sydney and Tokyo markets will be opened before 0000 GMT although most of the Asian markets are at GMT+8. There is no end point for determining the exact Asian session for my method. The entry of order is AT time 0600 GMT. The slowdown is due to many traders positioning themselves to wait for the breakout when the European session opens.

In my opinion, the best part of this strategy is the entry at the break out from the high and low. For SL and TP, you can do your own testing to get the most pips from it. Setting at 15 pips TP and 30 pips SL probably not ideal if the percentage of winning versus losing trades is low, but this method able to yield high percentage of winning trades, thus offset away the losing trades if you are trading this method purely mechanical. The best month was in Jan last year which saw 556 pips pocketed while the poorest month still made 34 pips.
  • #25
  • Apr 12, 2008 9:19am Apr 12, 2008 9:19am
ema 55 o ema 14?
eagle
  • #26
  • Apr 12, 2008 10:03am Apr 12, 2008 10:03am
pair recommended??
  • #27
  • Apr 12, 2008 10:17am Apr 12, 2008 10:17am
Quoting dandyman_7
pair recommended??
Cable.
  • #28
  • Edited 11:25am Apr 12, 2008 11:07am | Edited 11:25am
this system seem like Eagle Brekout,
so maybe u can use his brekout system and set Asiantime to see hight and low
ps i send u a pm Eagle
  • #29
  • Apr 12, 2008 12:12pm Apr 12, 2008 12:12pm
Quoting MatrixGunn
this system seem like Eagle Brekout,
so maybe u can use his brekout system and set Asiantime to see hight and low
ps i send u a pm Eagle
  • #30
  • Jul 30, 2009 8:38pm Jul 30, 2009 8:38pm
Attached Image (click to enlarge)
Click to Enlarge Name: ! gbppip.gif Size: 26 KB


The simple, yet profitable, systems seem to get the least attention.

Quote
"Unless you experience the unpleasant symptoms of being wrong, your brain will never revise its models. Before your neurons can succeed, they must repeatedly fail. There are no shortcuts for this painstaking process." ( How We Decide - Jonah Lehrer, Page 54)

This AHAL method provides profitable opportunities almost every trading day without much "pain".
  • #31
  • Jul 31, 2009 1:05am Jul 31, 2009 1:05am
Quoting gbppip
Attachment

The simple, yet profitable, systems seem to get the least attention.



This AHAL method provides profitable opportunities almost every trading day without much "pain".

Hi gbppip

It does seem simple, how long have you been trading this system and how profitable has it been to you.

Regards
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #32
  • Jul 31, 2009 1:25am Jul 31, 2009 1:25am
Quoting Ezzy
Hi gbppip

It does seem simple, how long have you been trading this system and how profitable has it been to you.

Regards
Ezzy
I would have liked to catch this move by the GU.http://www.forexfactory.com/images/icons/icon10.gif
What you do is a reflection of you....what I do is a reflection of me.
  • #33
  • Edited 3:48am Jul 31, 2009 3:31am | Edited 3:48am
Great system you've got here. I trade breakouts since some time back, but have been struggling with false breakouts and determining the TP-levels. Your system looks promising, but I have a question. How do you determine the PP and mid-PP? Do you use daily PP? Do you use all of the S/R-levels? When exiting the second lot, do prices have to cross the PP and then close below it for you to close it (for buy)? I'm not quite sure I understand when you close out the second lot?

Also, do you use a breakout buffer or take spread into account when determining the price of the HI/LO?

Cheers!
  • #34
  • Jul 31, 2009 4:54pm Jul 31, 2009 4:54pm
Attached Image (click to enlarge)
Click to Enlarge Name: FRankenpipchart.gif Size: 20 KB


I wonder if this was beginner's luck today? Did anyone else use this?
If you only trade long, then you can't always be wrong.
  • #35
  • Jul 31, 2009 4:59pm Jul 31, 2009 4:59pm
I figured out how to show the prices of the high and low.

Attached Image (click to enlarge)
Click to Enlarge Name: frankenpipchart.gif Size: 16 KB
Attached File(s)
File Type: tpl frankenpip_asian.tpl   66 KB | 694 downloads
If you only trade long, then you can't always be wrong.
  • #36
  • Jul 31, 2009 5:01pm Jul 31, 2009 5:01pm
Hey guys ,

I will appreciate if somebody help me about this:

I am looking for an EA to move my SL to breakeven when the market breaches the opposite band of bollinger bands indicator .
Pls tell me where can I find it ?

Thanks
  • #37
  • Aug 1, 2009 7:35am Aug 1, 2009 7:35am
Quoting Dracula
Hey guys ,

I will appreciate if somebody help me about this:

I am looking for an EA to move my SL to breakeven when the market breaches the opposite band of bollinger bands indicator .
Pls tell me where can I find it ?

Thanks

Hi,

I think that Swiss Army EA would work for this, it works for a lot.

Good luck!
  • #38
  • Aug 1, 2009 9:09am Aug 1, 2009 9:09am
This is a very interesting breakout trading strategy. Signing up.
  • #39
  • Aug 1, 2009 11:11pm Aug 1, 2009 11:11pm
Quoting Ezzy
Hi gbppip

It does seem simple, how long have you been trading this system and how profitable has it been to you.

Regards
Ezzy
I do not trade "systems". I trade. There are times and prices that provide opportunities to make a profit. Trading during the London or NY session when price is at the Asian high/low usually results in a win for me.

To "catch the move" then enter the trade the next time you see it happening.
  • #40
  • Aug 1, 2009 11:51pm Aug 1, 2009 11:51pm
Sounds you don't simply trade breakout at AHAL.
If so, could you please show us some typical opportunities you would look for when price is at AHAL during London & NY ?

Quoting gbppip
I do not trade "systems". I trade. There are times and prices that provide opportunities to make a profit. Trading during the London or NY session when price is at the Asian high/low usually results in a win for me.

To "catch the move" then enter the trade the next time you see it happening.
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