If I would have waited until 6:00 GMT to place my orders. I would have nothing open like you guys.
I guess its time to back up my entry time again.
I think I am also going to put in the 10 pip buffer between buy and sell orders. Any thoughts?
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DislikedWOW. Timing can make all the difference. I moved my H/L and close back to 4:00 am GMT. I have had my G/J buy fill and close at -161. Since it closed now my sell has filled the pair retraced and is currently -64, but open.
If I would have waited until 6:00 GMT to place my orders. I would have nothing open like you guys.
I guess its time to back up my entry time again.
I think I am also going to put in the 10 pip buffer between buy and sell orders. Any thoughts?Ignored
DislikedFor me no orders filled up till now !!!
Because yesterday the range was high and today volatility ..not high
P.S. EUR/JPY Long trade openIgnored
DislikedSorry... I'm a little late. You calculate at GMT+4, right? So, you were filled at approximately 130.29 long? I'm just trying to make sure I'm grasping this right.Ignored
DislikedAny thoughts about using a 5 or 10 day Avg Trading Range instead of yesterday's range?Ignored
Dislikedsimplecoders
do you have any idea about using this method on other pairs?????
SalyIgnored
DislikedResults for 05/14/09
GMT +4
GBPUSD: 62 (closed at target)
EURJPY: 58 (manually closed )
GBPJPY: 83 (manually closed)
Net profit: 203 pipsIgnored
DislikedSimplecoders,
Why did you closed it manually.
My results so far
GMT + 5
GBPJPY: (-166 +88 = -78)
GBPUSD: (-112 +39 at the moment)
EURJPY: +30 at this momentIgnored
DislikedSaly,
Extending the number of pairs may reduce risk. But calculating ( though I use an excel sheet)and putting the orders manually is laborious.
But if you observe IF one currency goes up then all the currencies go up if one currency goes down all the currencies go down. ( If you put the USD or JPY on the same side for all the currencies)Ignored