London Calling . . . Various strategies focusing on London Open

I like it~ I assume you are using 15 minute bars. It goes aganist the BigBen strategy but after plotting it-I think it looks promising. Thanks for sharing

I plotted my old reliable FXFish indicator and it seems that whatever color the fish is showing @ 1:45eastern is the direction of the breakout that occurs. Not real scientific - just the facts madame GBP/USD

SisterCurare and JokersWild, welcome and thank you for your posts and comments. Sister, care to elaborate? JW, thx for the "Fish" i'll put it in the indicator folder and maybe it will be the bait for larger PipFish? grin.

Glenn, you mentioned and e-book...did i miss it in your post? I think i should dig up the original Time1 and get it in the indicator folder also. Maybe LouG will chime in here with ideas of how he is using his flexbox indicator and how the ROC is generating the box.

I'm not going to be trading for the rest of the week as i have family & biz related appointments that are a priority. . .Hope you all grab some nice pips when London Calls.

: ) Thom

More nice work in trading the London open...

Thom.

The e-book file was to big.

And Time 1..

have a good weekend my friend like you I am taking the day off....


Glenn

This is not directly related to LO, but here's an indicator called Pivot Resistance/Support. The price seems to obey it often enough, and can be either used as a reversal point or a breakout. Take a look

Pivot Resistance/Support indicator

Thanks for the indicator. I'll start using it today and tell you how it goes.
Are we using the default settings (ie period 10, price 0) at 15M chart?

Hi,

I thought I would try and contribute something.

I've also been trading the Frankfurt/London opening but have kept it very simple. I take the high and low of the 4 H1 bars prior to the Frankfurt opening and add 5 pips as a filter of sorts. I place buy and sell stops and a SL 50% in the box.

I place two trades each way, one of the two having a 20 pip TP, the other I let run. The first two trades are triggered pretty soon so I monitor them and move the SL to breakeven +1 when I feel that it's safe. The second trade (the one that I let run), I move the SL up manually usually a few pips below the bars low 2 bars back on a long. If an inside bar or a pin bar forms then I move the SL right up under the pin bar or inside bar in case of a reversal. I usually get stopped out for a good profit by monitoring it this way. If the price shoots right up on one bar then I take profit hopefully near the top before it comes down again

Sometimes the trade moves through the box and out the other side a few hours later when I'm not around to monitor it, so I set a TP of 20 pips on the first trade and a 30 pip trailing stop on the other.

Oh yeah I forgot to mention that I move down to an M15 once the trade is under way.

It's not a hard and fast system as there is a bit of discretion involved with the TP and the SL and sometimes I pull out of the trade if it doesn't feel right.

I hope this helps the cause a bit. I guess the main point with my way is that I have found the I only need to consider the last four H1 bars.

All the best

Mike

PS. I probably left something out, but the kids are arguing, so I have to go and sort them out.

heres a primer on the ACD method by mark fisher...it is sort of a real systematical approach...but i have to say, i didnt took the time yet to test it on cable

Sister's 1:45 est Box(can I say that?) and the Fish

Thom;
Attached is a graphical MACD that some may find useful.

Does FX Fish repaint the past?

Is the movement from the 6 GMT bar to the 9 GMT bar usually reversed at the 9 or 10 GMT bar? Maybe chart pattern analysis at that time could confirm possible reversal.

I know it is only 2 days to show but look at the H1 tf on USD/CHF and how the above mentioned price action was reversed(Shooting star candle pattern)

As far as the FX Fish goes, here's an indicator called RAVI FX Fisher. It gives pretty neat signals once a breakout occurs outside of the horizontal lines. It could be a really good filter for breakout strategies. Hope you like it

And here is the indicator

Cool- always looking for something better~

zawodowiec

Intresting indicator:

Am I right in assuming the two lines are set from H/L's?

what is the BoxThreshold

I assume they repaint?


Glenn

Another~

Hi,
I haven't forward tested this yet, so I dont know if it repaints. Just by looking at it, it looks good though. I would assume that it doesn't if it's something like CCI or MACD. Well, I'm gonna have a look at this over the next week and will let you know how it performs.

As there appears to be a intrest in these indicators.


Glenn