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Daily Quarter method

  • #121
  • May 13, 2009 7:56am May 13, 2009 7:56am
Quoting $aly
gbp/usd +64pip
gbp/jpy +79pip
eur/jpy still open
with +7 GMT
WOW i didnt get anywhere near the same results.

gbp/jpy -80 (-160 buy +80 sell)
gbp/usd +50
eur/jpy -116 (+28 Sell -142 buy)
  • #122
  • May 13, 2009 8:33am May 13, 2009 8:33am
Quoting truckjrt
WOW i didnt get anywhere near the same results.

gbp/jpy -80 (-160 buy +80 sell)
gbp/usd +50
eur/jpy -116 (+28 Sell -142 buy)

The difference may be due to your 24 hour start.
  • #123
  • May 13, 2009 8:34am May 13, 2009 8:34am
Quoting truckjrt
WOW i didnt get anywhere near the same results.

gbp/jpy -80 (-160 buy +80 sell)
gbp/usd +50
eur/jpy -116 (+28 Sell -142 buy)
can i ask you what is your daily start??
as i said it's better setting this time before the london session...
  • #124
  • May 13, 2009 8:37am May 13, 2009 8:37am
Quoting $aly
gbp/usd +64pip
gbp/jpy +79pip
eur/jpy still open
with +7 GMT
gbp/jpy +79 pip(close)
eur/jpy +71pip (close)
gbp/usd +64pip (close)
+7 GMT
  • #125
  • May 13, 2009 8:55am May 13, 2009 8:55am
Quoting $aly
can i ask you what is your daily start??
as i said it's better setting this time before the london session...
I have been using the highs and lows of my daily candle at FXCM. Which opens at 4 pm EST.

I like this because the trading day is over and my work day is over. So I can set up any entries before I go home.

Looks like I need to start my day when I go to bed around 10 or 11 pm which will be just before the London open.
  • #126
  • May 13, 2009 11:58am May 13, 2009 11:58am
Hi Guys/Dolls

I followed this system from 11/05/2009 and these are my results on a demo account with FXDD :

G/U : +600; +390; -490
G/J : +407; +879; +832
E/J : +468; +252; +739

I think to have patience is a number 1, somebody said : if you
have not got patience, get it, this is serious

jmcl
  • #127
  • May 13, 2009 12:04pm May 13, 2009 12:04pm
Quoting jmcl
Hi Guys/Dolls

I followed this system from 11/05/2009 and these are my results on a demo account with FXDD :

G/U : +600; +390; -490
G/J : +407; +879; +832
E/J : +468; +252; +739

I think to have patience is a number 1, somebody said : if you
have not got patience, get it, this is serious

jmcl

G/U +600 for the day?? is that Pips x # of lots?
  • #128
  • May 13, 2009 12:29pm May 13, 2009 12:29pm
Quoting truckjrt
G/U +600 for the day?? is that Pips x # of lots?
This is in dollars , so divide by 10 and you there!
Pensioner is only seeing

jmcl
  • #129
  • May 13, 2009 1:50pm May 13, 2009 1:50pm
05/13/09

GMT +4

GBPUSD: +64(closed)
EURJPY: +71(closed)
GBPJPY: +79(closed)
  • #130
  • May 13, 2009 2:02pm May 13, 2009 2:02pm
Quoting simplecoders
05/13/09

GMT +4

GBPUSD: +64(closed)
EURJPY: +71(closed)
GBPJPY: +79(closed)

just so I can keep up. The GMT +4 was when you calculated the H/L and Close correct?
  • #131
  • May 13, 2009 5:12pm May 13, 2009 5:12pm
Quoting simplecoders
05/13/09

GMT +4
Isn't this b4 tokyo open?
  • #132
  • May 13, 2009 7:45pm May 13, 2009 7:45pm
Still asking how you folks are managing to enter a buy order and a sell order at the same time on the same pair. I'm being told that's hedging and not allowed. I like this method, made money w/demo acct. once and want to take it live.
  • #133
  • May 13, 2009 7:50pm May 13, 2009 7:50pm
Quoting JeffH
Still asking how you folks are managing to enter a buy order and a sell order at the same time on the same pair. I'm being told that's hedging and not allowed. I like this method, made money w/demo acct. once and want to take it live.
Someone please correct me if I am wrong, but you can't have opposite orders open at the same time. The rule doesn't apply to entries.
  • #134
  • May 13, 2009 8:03pm May 13, 2009 8:03pm
truckjrt
That is correct
Yea it's Life//
  • #135
  • May 13, 2009 9:34pm May 13, 2009 9:34pm
Quoting JeffH
Still asking how you folks are managing to enter a buy order and a sell order at the same time on the same pair. I'm being told that's hedging and not allowed. I like this method, made money w/demo acct. once and want to take it live.
I got around that situation by opening two accounts. I use one for longs and the other for shorts.
  • #136
  • May 13, 2009 9:55pm May 13, 2009 9:55pm
Quoting Jacgyc
Isn't this b4 tokyo open?
Tokyo opens much before, may be around GMT +1 (not sure),

GMT +4 is OANDA's daily candle close and New candle open time
  • #137
  • May 13, 2009 9:56pm May 13, 2009 9:56pm
Quoting truckjrt
just so I can keep up. The GMT +4 was when you calculated the H/L and Close correct?

Yes , Exactly
  • #138
  • May 14, 2009 5:49am May 14, 2009 5:49am
No trades open for the day yet.
  • #139
  • May 14, 2009 6:33am May 14, 2009 6:33am
Quoting simplecoders
No trades open for the day yet.
exactly
  • #140
  • May 14, 2009 7:01am May 14, 2009 7:01am
Am I understanding this right? If we are using GMT +7, shouldn't a trade be opened short for GBP/USD right now... in the area of 1.5077? Am I lost?
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