I made monster pips today.
If you only trade long, then you can't always be wrong.
Daily Scalping the Asian High and Asian Low 2 - You want simplicity?
Hi Batavier:
There really is no method per se. The sessions indicator draws the boxes and marks the high and low for the Asian, London and New York sessions.
Enter long when price moves up to a previous session's high. Enter short when price moves down to a previous session's low.
During London session, trade the Asian session high and low. During New York, trade the Asian and London high and low.
I adjust my stop loss and position size to not risk more than 2% of my account.
Template attached.
Batavier
Just trade the pullback you idiot!
- #53
- Aug 12, 2009 8:56pm Aug 12, 2009 8:56pm
Thanks Frankenpip. Even I can understand this. Could trading really be this simple after all. Just got to work out how I can stay up all night! I trade from Australia
Batavier
No need to stay up, Mate. Trade the NewYork break out.
- #59
- Edited 9:47pm Aug 13, 2009 9:31pm | Edited 9:47pm
- | Joined Jul 2009 | Status: Trader | 412 Posts
Actually.. it looks like the template you posted only saves the back data from GBP/USD independent of the indicator. As in, it has many many days in July marked with session boxes.
What settings do you use for the isession indicator and could you perhaps post your version of it (if it's different from that thread)? If that's too much trouble, all good, thanks anyhow
Actually, I've figured out what session times you use based on the image you posted.
Do you simply wait for a break of the high or low of the previous session, and if the move looks strong enough (smaller timeframe perhaps?) jump in for the ride?
What settings do you use for the isession indicator and could you perhaps post your version of it (if it's different from that thread)? If that's too much trouble, all good, thanks anyhow
Actually, I've figured out what session times you use based on the image you posted.
Do you simply wait for a break of the high or low of the previous session, and if the move looks strong enough (smaller timeframe perhaps?) jump in for the ride?
