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1 trade a day

  • #561
  • May 29, 2009 5:55am May 29, 2009 5:55am
Quoting Angler
Hi all....

Just a small tip.....this thread has been going for a while now...and questions still coming up about the times....
when answering such questions can we keep the times in GMT only..
IF you don't have a small clock on your computer desktop/wall/desk....it maybe time you find one.....as these question pop up all the time on many different threads....
This is the one I use...its on the computer desktop...nothing fancy...just gives me GMT when set up as Clock...
I don't think anyone has posted this link to the Yahoo widget market hours. It's free, floats on the desktop, and has a combined graphic display of the overlapping markets as horizontal bars, plus current digital times for the primary world markets. You can set the digital times to either your local time or GMT. The visual display helps me think through the sometimes tricky details of broker hours vs. market hours vs. my local time.

http://widgets.yahoo.com/widgets/fxmarkethours

LeoM
Attached Image
  • #562
  • May 29, 2009 6:35am May 29, 2009 6:35am
Quoting stevecartwright
Hi,
Hving started with this thread which I found very useful I...


Indeed Steve...The exit is the problem I am facing right now with the trading the fractal breakout of the London session.
Some may disagree, however I strongly feel it is the exit that makes or breaks a trade and not the entry.
My problem is not letting the winners run long enough.
Starting to see instead of just looking.
  • #563
  • May 29, 2009 7:03am May 29, 2009 7:03am
hi all...


The exit is why some use more than 1lot.....so as to take profit on the first target being reached...and then set BE on the second and let it run...but then you face the problem if the trade goes against you at the very start...your losing on 2 lots but again I guess you could stagger the stop levels

Leomeister.....surprising enough..I was just looking through the widgets...lol.....maybe a handy clock but I prefer the small size of the 1 I am using....stays on the screen no matter what I am doing......some of those widgets look very good...
  • #564
  • May 29, 2009 7:34am May 29, 2009 7:34am
Yes, I always close half the trade after 25 pips and let the rest run after moving the stop above BE with a 15 pip TS.

This one was good for just over 110 pips
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.jpg Size: 114 KB
Starting to see instead of just looking.
  • #565
  • May 29, 2009 9:42am May 29, 2009 9:42am
GBPCHF hit SL
EURGBP hit SL
EURUSD hit 200 fib level
EURJPY not triggered yet

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #566
  • May 29, 2009 1:59pm May 29, 2009 1:59pm
Hi I am based in UK. Will have to look the high and low between 1200- 0800 UK time.

Sab
  • #567
  • May 29, 2009 2:11pm May 29, 2009 2:11pm
Quoting Kosomolate
GBPCHF hit SL
EURGBP hit SL
EURUSD hit 200 fib level
EURJPY not triggered yet

kos

Hi Kos,

I'm still back testing this, simple and easy, just takes time.
How did your week turn out with this system? Hopefully good!
I just hate the large SL it has sometimes.

AZ
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
  • #568
  • May 29, 2009 2:48pm May 29, 2009 2:48pm
Quoting AZ-Heat
Hi Kos,

I'm still back testing this, simple and easy, just takes time.
How did your week turn out with this system? Hopefully good!
I just hate the large SL it has sometimes.

AZ
Hi AZ!

the week would have been a perfect one if not for the wide range of the Yen pairs that kept me out of the trades

However, others brought in the profit well, I will count later.

Have you looked at this system on 15min TF, thats what I will be looking at over the weekend. cos some of the trades that failed on 1hr TF or that did not make it to 200 fib level made it on the 15min. the only diff is that the pips reduced and the SL too reduced

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #569
  • May 29, 2009 6:13pm May 29, 2009 6:13pm
Hi all..


Ok Kosomolate you lost me with your last post....trading this method on 1hr, 30min OR 15mins should make no difference at all....
The Range should be exactly the same as the 1hr TF thus so should the targets....unless your taking only 15mins of the last hour bar..which at that time maybe the price has not move as far...but if you do this your changing the Asian time by about 45mins....thus possibly getting in earlier.
  • #570
  • May 29, 2009 6:53pm May 29, 2009 6:53pm
Hi all..

It seems that the buffer is about right, I have it set to....10pips + Spread cant remember what is used here but its the same or similar. It looks ok on these 4 different pairs..
Attached Image
  • #571
  • May 30, 2009 12:31am May 30, 2009 12:31am
This is something I have been working on with but it uses the FIRST candle at 00:00 which is 9am Japan time.

The idea I have been working on takes the break of the high or the low by the 3EMA after the ADX crosses, once a substantial trend has finished. I confirm the break with the 13 CCI.

It is interesting but I have only tried it on GBP/JPY.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_JPY.jpg Size: 77 KB
Starting to see instead of just looking.
  • #572
  • May 30, 2009 1:16am May 30, 2009 1:16am
Can anyone spot a loser on the H1?
Buggered if I can.
Attached Image (click to enlarge)
Click to Enlarge Name: H1 GBPJPY.jpg Size: 57 KB
Starting to see instead of just looking.
  • #573
  • May 30, 2009 1:53am May 30, 2009 1:53am
Hi all...


without watching it live....its hard to tell.

The first chart you show ...looking at the short.....where would be the entry....the 3ema does not cross by much and as it is based on the close which is a long way down the bar...how far would that bar have moved before it crossed.......not sure...
  • #574
  • May 30, 2009 3:39am May 30, 2009 3:39am
Quoting Angler
Hi all...


without watching it live....its hard to tell.

The first chart you show ...looking at the short.....where would be the entry....the 3ema does not cross by much and as it is based on the close which is a long way down the bar...how far would that bar have moved before it crossed.......not sure...

Yes that was a rather tight entry and was probably not worth taking, may be a bit early in the day.

I am currently trying to work out the best time of day where the big moves are.
Starting to see instead of just looking.
  • #575
  • May 30, 2009 4:35am May 30, 2009 4:35am
hi all....


The problem is that most of the moves tend to be data release based to some degree.....as you notice that when there is no releases the market is fairly quiet....
  • #576
  • Edited May 31, 2009 9:30pm May 30, 2009 10:12pm | Edited May 31, 2009 9:30pm
I think this can safely catch the major moves without having to stare at the screen all day. Will start testing tomorrow morning.

Started a new thread called T130B for this system so as not to clutter up Paulus's thread.
http://www.forexfactory.com/showthread.php?t=172253
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.jpg Size: 121 KB
Starting to see instead of just looking.
  • #577
  • Jun 1, 2009 7:04am Jun 1, 2009 7:04am
is there any gd indicator for AUTO FIB?
thank you
  • #578
  • Jun 2, 2009 2:38am Jun 2, 2009 2:38am
Hi

been away to Gran Caneria

back late last night will read up on thread ... My MT4 is not updating so need to contact broker :-(

Hope all is ok

P
  • #579
  • Jun 3, 2009 4:24am Jun 3, 2009 4:24am
Quoting Paulus
This is not my idea but ,it took my fancy as I wanted an indicator used on it but the principle is sound

Take the hi low of the Asian session,I will include a indicator that does this automatically.

As the next market to open is London we want to watch any GBP spots

I have set this up on

gbpusd
gbpaud
gbpjpy
gbpcad
gbpchf
gbptry

We set a buy 10 pips above the high and a sell 10 pips below the low

Once triggered we stay in until 1 of 3 criteria is met

Our Stop is hit
Our Target is hit
The close of the day without our SL or TP being hit.

An...
How about the SL and TP ??how many SL and TP i have to set?
and also the time...Hi low asia session ...what time is that??
and the london session ..what time is that?

thx alot
  • #580
  • Jun 3, 2009 4:40am Jun 3, 2009 4:40am
Quoting Kosmiklove
How about the SL and TP ??how many SL and TP i have to set?
and also the time...Hi low asia session ...what time is that??
and the london session ..what time is that?

thx alot
hi kos

I know your question is directed at paulus, but let me just point you straight to the answer.

go and read page 35 post # 525 of this thread, you'll see the answer in graphics there.

kos
John 3:16 - From THIS love no power on earth can me sever.
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