1 trade a day

GBP/USD also brokeout right on the dot for 103 pips as I write this. Bounced on the 61.8 fibo.
Also, notice how it tried to breakout earlier but the 5 EMA did not break the lower line. After it broke the line it shot down.

This is uncannily interesting. If these keeps up we will have to start a new thread to develop this system.

EUR/USD also!!!

anyone traded pound yen today? probably made a fortune out of it

No, but a quick check on the longest Sunday candle shows it is viable as long as we make sure the RSI has crossed the 50 mark.

Nice pips on both I follow

gbpusd +23 pips
GBPJPY +53pips

Sound good a new thread is warranted I think on the large bar break out

Ok, I will start one right now to stop me clustering up your thread.

thats sounds good

Perhaps inc the link here so that people can go from one to another as thier based around a break out system

well spotted

P

Yes, I did just that.
If it is not too much trouble, I would like to leave the projected breakout posts I posted earlier in this thread as it shows that I did not do this after the fact.

Hope to see you in that thread Paulus. Maybe an EA for this system is in order after we refine it. I am off to look for an indicator that shows us the Largest candle.


LCB Largest Candle Breakout.

http://www.forexfactory.com/showthre...=1#post2725114

Hi Paulus,

something seems to be wrong with the Tokyo indicator. My settings are: asia begin:1 - asia end: 9. These are the settings for germany (London+1). First of all on the picture below you can see that the high of the 1 am candle is higher than the high of the box. Second the low of the asia session is in par with the low of the 9 am candle. But the problem is that Tokyo is closing at the end of the 8 am candle. Do I something wrong?

Hi

The date on that chart is DEC can you get todays chart and post that and we will take a look

cheers

P

Try this EA that I modified from the Daily 95 thread. Enter a 1.00 on TP, SL & BE to set those at the hi-lo range between the hours set. TP set at 1.618 would be the equivalent to the fib discussed here in this thread.

Bioquim

Nice trading method. I’ve been doing something similar lately with GU and GJ, but without indicators. I just draw horizontal lines for the Asian high / low and look for a breakout during London. TP is the next area of support / resistance. I’ll read through your thread. It might give me some ideas for improving what I've been doing.

Cheers!

thanks a million. will try it out!!

Hy guys !


I think Paulus came with an interesting system an I want to thank to him and to thouse who are bringing good ideeas, so that this system can be improved !

Also I want you guys escuse my english and to forgive me if I am making gramar errors !

So, till now I sow that in this thread were discused a few variants for geting into a trade and for taking profit strategies.

I sow that the moment when the trader can get into a trade can be:

1. the breakout of the price from the Asia session

or

2. the pullback to 61,8% fib, after the breakout from the Asia session

Also I sow that the TP is now at 161.8% fib (as a difference from the original system)

So, Paulus as I sow in your last trades that you have posted here, you didn't took into consideration a pullback to 61.8% fib level, and you took the trade as a breakout trade with TP at 161.8% fib.
So I am a little lost between thouse two situations 1 or 2

Can you help me with a few resuming ideeas about the actual form of your strategy ?


Thank you for your time and for your patience, couse I am a N00b in FX and I might ask stupid questions some time :|


N00b_FX

Another good day for this system

GBPUSD - +28 pips

GBPJPY - + 70 pips

FX see your post will answer in a couple hrs

Paulus

Are you using the eur/yen ? Can you post your enter of last days?

not using that pair..last weeks stats have been posted and yesterday

gbpusd +23 pips
GBPJPY +53pips


Will now look at the pair you suggest

P

so you are using only 2 pairs now
GBPUSD and GBPJPY. is it?

N00b_FX


The breakout of the price from the Asia session 10 pips above or below is the entry.This is what I am concentrating on for now..if an EA develops it will be easier to code

The TP 161.8% fib that is correct it the TP ..its just 61.8% of the Asian high low added to your entry


Hope that helps


P

Yes only those pairs.... 2 had huge spreads and the other just didnt seem to move much

P