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Attachments: Daily Scalping the Asian High and Asian Low 2 - You want simplicity?
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Daily Scalping the Asian High and Asian Low 2 - You want simplicity?

  • #81
  • Aug 18, 2009 6:04pm Aug 18, 2009 6:04pm
Quoting FrankenPip
Hi D liberators:

That is correct.

Franky...

can you post an indicator, please.
  • #82
  • Aug 18, 2009 6:48pm Aug 18, 2009 6:48pm
Quoting ForexSV
Franky...

can you post an indicator, please.
Attached Image (click to enlarge)
Click to Enlarge Name: ! gbppip.gif Size: 19 KB


There is one on FF CLICK HERE
  • #83
  • Aug 19, 2009 3:46am Aug 19, 2009 3:46am
Quoting FrankenPip
Hi D liberators:

That is correct.
Hello Franken, nice work you're doing here.

Am currently short GU.

N.B

You can call me Victor. Vic for short.
God's Love For You Is Sure Never You Doubt It
  • #84
  • Aug 19, 2009 4:45am Aug 19, 2009 4:45am
Thanks GDP for the indi..:nerd: Is there any chance you could post your chart set up around asian open so I can make sure my times are ok....
  • #85
  • Aug 19, 2009 5:52am Aug 19, 2009 5:52am
Quoting gbppip
Attachment

There is one on FF CLICK HERE
Nice indicator. I trade only asian breakout with a little tweaking to bring me in early.

I'll try other sessions as well. Will do 1 year backtesting to see how well its been. Thanks
God's Love For You Is Sure Never You Doubt It
  • #86
  • Aug 19, 2009 7:33am Aug 19, 2009 7:33am
Attached Image (click to enlarge)
Click to Enlarge Name: frankenpipchart.gif Size: 20 KB


Nice short at 1.6450
If you only trade long, then you can't always be wrong.
  • #87
  • Aug 19, 2009 7:34am Aug 19, 2009 7:34am
Quoting ForexSV
Franky...

can you post an indicator, please.
Hi ForexSV:

Looks like GBPPIP already did.
If you only trade long, then you can't always be wrong.
  • #88
  • Aug 19, 2009 7:35am Aug 19, 2009 7:35am
Quoting rebelheart
Thanks GDP for the indi..:nerd: Is there any chance you could post your chart set up around asian open so I can make sure my times are ok....
HI rebelheart:

Look at http://www.forexmarkethours.com/
If you only trade long, then you can't always be wrong.
  • #89
  • Aug 19, 2009 7:37am Aug 19, 2009 7:37am
Quoting D liberators
Hello Franken, nice work you're doing here.

Am currently short GU.

N.B

You can call me Victor. Vic for short.
Hi Vic:

I can't take any credit. I haven't done anything. It's not my idea.

But thanks anyway.
If you only trade long, then you can't always be wrong.
  • #90
  • Aug 19, 2009 7:45am Aug 19, 2009 7:45am
Quoting FrankenPip
I figured out how to show the prices of the high and low.

Attachment
Hello frank,

Tried using your template, but its not showing the high/low price. Do i need to make any adjustment on it?


Dont u give a 10pip gap to high/low for your entry?
God's Love For You Is Sure Never You Doubt It
  • #91
  • Aug 19, 2009 8:56am Aug 19, 2009 8:56am
Quoting FrankenPip
Attachment

Nice short at 1.6450
Hi FrankenPip,

Yes, nice short! But I believe there is a discrepancy in your session times:

The Asian session on your chart which closed with a low at 1.6450 actually closed at 0600 GMT, rather than 0800 as shown on your chart. I'm running digital standalone GMT clocks here and my main chart (from IBX) is in sync with actual GMT.

While I respect what you're doing and appreciate your success, you may not be aware that you are running your session times two hours off from the actual time being described/suggested here. Naturally, I realize that all charts run different times, but yours is off two hours from GMT, and you have not allowed for the difference (unless I'm missing something here).

Not a criticism at all, just want to alert you. It might, in fact, be a better strategy to end our Asian sessions at 0600 GMT rather than 0800 GMT, but I believe we should be aware of the difference, if we choose to trade with it.

Is this deliberate on your part, or...?

Thanks, and keep up the good work!
Jeff Singer, K2KV
  • #92
  • Aug 19, 2009 9:38am Aug 19, 2009 9:38am
Attached Image (click to enlarge)
Click to Enlarge Name: frankenpipchart.gif Size: 22 KB


EURUSD breakout at Asian High 1.4171
If you only trade long, then you can't always be wrong.
  • #93
  • Aug 19, 2009 9:40am Aug 19, 2009 9:40am
Quoting k2kv
Hi FrankenPip,

Yes, nice short! But I believe there is a discrepancy in your session times:

The Asian session on your chart which closed with a low at 1.6450 actually closed at 0600 GMT, rather than 0800 as shown on your chart. I'm running digital standalone GMT clocks here and my main chart (from IBX) is in sync with actual GMT.

While I respect what you're doing and appreciate your success, you may not be aware that you are running your session times two hours off from the actual time being described/suggested here. Naturally, I realize that...
HI k2kv:

I don't really know. All I did was install the indicator on my chart without changes. If it is not broken, don't fix it, right? If you are right about the times being "wrong" then this proves there are no "magic" times.
If you only trade long, then you can't always be wrong.
  • #94
  • Aug 19, 2009 11:03am Aug 19, 2009 11:03am
Yep, I'd have to agree.

I did the same, just installed the indicator and moved forward. Seems your trade opportunities are more frequent than mine, since the last two hours of the Asian often experience greater movement than the earlier hours.

Funny, I suppose one can just take almost any time frame, draw a couple of horizontal lines and when price moves beyond one of those lines, enter a trade in the appropriate direction!

Shows how really simple trading can be!

Take care, and good trading...

Quoting FrankenPip
HI k2kv:

I don't really know. All I did was install the indicator on my chart without changes. If it is not broken, don't fix it, right? If you are right about the times being "wrong" then this proves there are no "magic" times.
Jeff Singer, K2KV
  • #95
  • Aug 19, 2009 11:44am Aug 19, 2009 11:44am
Attached Image (click to enlarge)
Click to Enlarge Name: frankenpipchart.gif Size: 18 KB


Learn what "negative correlation" means and how to use it to your advantage.
If you only trade long, then you can't always be wrong.
  • #96
  • Aug 19, 2009 11:47am Aug 19, 2009 11:47am
Quoting k2kv
Funny, I suppose one can just take almost any time frame, draw a couple of horizontal lines and when price moves beyond one of those lines, enter a trade in the appropriate direction!

Shows how really simple trading can be!

Hi k2kv:

You meant to say, "Shows how really simple trading IS."

Trading is simple. Traders, teachers, gurus and vendors make trading appear to be complicated.

The secret is out!
If you only trade long, then you can't always be wrong.
  • #97
  • Aug 19, 2009 12:23pm Aug 19, 2009 12:23pm
Quoting FrankenPip
Attachment

Learn what "negative correlation" means and how to use it to your advantage.

but why do u need negative correlatin for usd/chf, when you can just get in on break of high/low of a session?

why do you need the other pair?
  • #98
  • Aug 19, 2009 12:32pm Aug 19, 2009 12:32pm
Quoting ForexSV
but why do u need negative correlatin for usd/chf, when you can just get in on break of high/low of a session?

why do you need the other pair?
Hi ForexSV:

Didn't say you "needed" it. But if you understand it, then you can make another profitable trade to get along with your first trade.
If you only trade long, then you can't always be wrong.
  • #99
  • Aug 19, 2009 12:52pm Aug 19, 2009 12:52pm
Quoting FrankenPip
Hi k2kv:

You meant to say, "Shows how really simple trading IS."

Trading is simple. Traders, teachers, gurus and vendors make trading appear to be complicated.

The secret is out!
Hi Frankenpip

I have been following you over in the C4 for poor traders thread and I know you mentioned Asian box trading, so I did a search and here you are over in this thread too
Would you be willing to share your AsianBox template with me.
I think I grasp the concept, but I figure a template would be a good place to start. (I realize I may have to adjust for brokers clock time)
Thx

PGPB
  • #100
  • Aug 19, 2009 5:52pm Aug 19, 2009 5:52pm
Quoting FrankenPip
Hi ForexSV:

Didn't say you "needed" it. But if you understand it, then you can make another profitable trade to get along with your first trade.

Franky... since you are a very friendly monster that likes to teach , can you explain how you use negative correlation... I mean, if it's not a secret we would like to learn it...
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