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

  • #161
  • Edited 1:13pm Sep 2, 2009 10:26am | Edited 1:13pm
Today's london session breakout. *edit*(by that I mean a breakout of the london session high, that occurred during the US session)

Hope you all were in it.
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  • #162
  • Sep 2, 2009 10:55am Sep 2, 2009 10:55am
Took A long time today but price finaly broke the Asian close for our 15 pips.
Attached Image (click to enlarge)
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  • #163
  • Sep 2, 2009 11:30am Sep 2, 2009 11:30am
I thought that was the London close that it broke?

I took my profit from a break of the Asian close last night.

Or am I confused? If I am please let me know. I was in both trades either way

Quoting rebelheart
Took A long time today but price finaly broke the Asian close for our 15 pips.
  • #164
  • Sep 2, 2009 1:01pm Sep 2, 2009 1:01pm
Quoting DarkDays
Today's london session breakout.

Hope you all were in it.

Darkdays

hi. just to make it clear...

when you say "london sessian breakout"... what do you mean by that?

a breakout that happened during london session or breakout after london got closed?

also, if you can... tell me the time when that breakout happened. (in london hours,like it's for people that live in london)
  • #165
  • Sep 2, 2009 1:10pm Sep 2, 2009 1:10pm
Okay when I say London session breakout, I am referring to price breaking out of the London session's high or low while in the next session. So after London session closed. For me, I saw price was close to the breakout line, so I set up the trade at 9:57am, and it was entered at 9:58am (this is central standard time). The target was hit at 10:12 CST. I believe london is 6 hours ahead of me... So that would make the entry 3:57 and the exit 4:12 in London

Hope that is clear. Does that help?

Oh another thing. On my chart above, the gold box is the Asian session, the gray box is the London session, and the aqua box is the US session.


Quoting ForexSV
Darkdays

hi. just to make it clear...

when you say "london sessian breakout"... what do you mean by that?

a breakout that happened during london session or breakout after london got closed?

also, if you can... tell me the time when that breakout happened. (in london hours,like it's for people that live in london)
  • #166
  • Sep 2, 2009 1:31pm Sep 2, 2009 1:31pm
Quoting DarkDays
Today's london session breakout.

Hope you all were in it.
Darkdays,

I got in both the trades that you describe.
One question: My sessions are starting/finishing 1hr earlier than yours. What is the best source to find the right settings?
My settings: GMT+2 standard time, currently GMT+3 due to daylight savings, i-sessions is Asia 01:00-10:00, Europe 07:00-16:00, USA 14:00-23:00.
  • #167
  • Sep 2, 2009 1:57pm Sep 2, 2009 1:57pm
Quoting DarkDays
Okay when I say London session breakout, I am referring to price breaking out of the London session's high or low while in the next session. So after London session closed. For me, I saw price was close to the breakout line, so I set up the trade at 9:57am, and it was entered at 9:58am (this is central standard time). The target was hit at 10:12 CST. I believe london is 6 hours ahead of me... So that would make the entry 3:57 and the exit 4:12 in London

Hope that is clear. Does that help?

Oh another thing. On my chart above, the gold box is...

there is always some confusion about time........
it's 12 in NY when London is closing. London is from 3 am to 12 pm by NY time (EST)

so, when you think that london is closed -- it's still open.

the break out happened when london was still open.

please, check.
  • #168
  • Sep 2, 2009 3:32pm Sep 2, 2009 3:32pm
Okay my problem was that I thought the London session ended one hour earlier than it actually does. I was setting up my trade at 10AM CST, and it should have been at 11AM CST for the close of London.

The other times were correct. 4PM for close of US, and 3AM for close of Asian. Again both in CST.

I'm using http://www.forexmarkethours.com/ for reference here...

Thanks for spotting the issue
  • #169
  • Sep 2, 2009 4:40pm Sep 2, 2009 4:40pm
I have started a separate thread to discuss trades taken based off of high's and low's of the sessions other than the Asian session. Didn't want to hijack this one... Keep up the great work guys! Stick to it and watch your account grow
  • #170
  • Sep 4, 2009 10:17am Sep 4, 2009 10:17am
Another 20 pip winner to the up side today..
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  • #171
  • Sep 5, 2009 10:17am Sep 5, 2009 10:17am
Quoting rebelheart
Another 20 pip winner to the up side today..

Rebelheart...

hi. whats your SL and TP on these breakouts ?

thanks.
  • #172
  • Sep 6, 2009 8:54pm Sep 6, 2009 8:54pm
rebelheart,

do you use any additonal filter to lessen out the impact of false breakouts?
  • #173
  • Sep 7, 2009 7:34am Sep 7, 2009 7:34am
Quoting ccdev
rebelheart,

do you use any additonal filter to lessen out the impact of false breakouts?

Hi CC, Ive just over the weekend added a 45 EMA and a 18 EMA to determine the trend,
  • #174
  • Sep 7, 2009 7:46am Sep 7, 2009 7:46am
Cant see a break out on the up side today even tho the ema are crossed, you have to use common sence with this break out system, if you have any doubt dont trade no one has a gun to your head.
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  • #175
  • Sep 7, 2009 12:11pm Sep 7, 2009 12:11pm
Nice break down..
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  • #176
  • Sep 8, 2009 5:19am Sep 8, 2009 5:19am
today's breakout of the cable was fantastic, 180 pips++ as at 6.17am est. too bad i set my trade on auto and only got 15 pips. knn....
  • #177
  • Sep 9, 2009 12:43pm Sep 9, 2009 12:43pm
Another good break of the high's this break out system is working well FOR NOW.
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  • #178
  • Sep 9, 2009 8:27pm Sep 9, 2009 8:27pm
yep, for now. hope you will keep posting your trades though.
  • #179
  • Oct 22, 2010 6:19am Oct 22, 2010 6:19am
Quoting ccdev
yep, for now. hope you will keep posting your trades though.
He didn't though
every Saint has a past. Every Sinner has a Future
  • #180
  • Dec 6, 2010 7:09am Dec 6, 2010 7:09am
Quoting FXOperator
This is one method that disregards Fibonacci, trend lines, chart patterns and all oscillators. Although you can change the Asian High Asian Low (I called it AHAL) system as you like by adding your own rules, the profitability of this system is not in doubt.

Let's not waste time and get into what are the new setups:

DETERMINING THE ASIAN SESSION HIGH AND LOW OF THE DAY

Using 2100 GMT as the start of a new daily candle, at 0600 GMT, you will be able to identify the High / Low of the Day for the Asian session by 0600 GMT.

[b]ENTRIES...
In order to calculate the Asian high low, you are using the 21.00GMT to 6.00GMT candle with the understanding that the London market opens @ 7.00GMT.
But now London is open @ 8.00GMT.
My question is in order to calculate the Asian high low are we still using the 21.00GMT to 6.00GMT candle or are change it with 21.00GMT to 7.00GMT candle (one hour before London opens)
Sorry if this is a stupid question, but I really appreciate if you can give me some explaination.
Regards
veryspecial1
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