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  • #61
  • Nov 10, 2009 5:47pm Nov 10, 2009 5:47pm
Quoting kharvell
Anyone every notice that:

EUR moves most during LONDON open
USD moves most during NY open
JPY moves most during TOKYO open
AUD moves most during SYDNEY open
????

Does it not make sense then to trade EUR/JPY from Tokyo open to London close?

Does it not make sense then to trade EUR/USD from London open to NY close?

Does it not make sense then to trade AUD/USD from NY open to Sydney close?

Does it not make sense then to trade USD/JPY from NY open to Tokyo close?

Does it not make sense then to trade EUR/AUD from Sydney open to London close?...
Sleep is also important Best of luck with your new system Kevin. I'll be watching with interest. I don't think many traders realize the importance of trading the right times of day. My whole system is based off trading at the right time!

Cheers.

Cory
  • #62
  • Nov 10, 2009 11:06pm Nov 10, 2009 11:06pm
Quoting Cbh123
Sleep is also important Best of luck with your new system Kevin. I'll be watching with interest. I don't think many traders realize the importance of trading the right times of day. My whole system is based off trading at the right time!

Cheers.

Cory
Hi Cory,

Thanks for stopping by, dude! Cool that you have taken times into consideration. Very curious as to how you trade it as your main basis for entry. If you do not wish to divulge, no worries, just curious.

Take care man, and come back now, ya hear?

Kevin
  • #63
  • Nov 10, 2009 11:12pm Nov 10, 2009 11:12pm
Don't forget about the GBP/USD. This pair is traded MOSTLY from Frankfurt open to London close.



Quoting kharvell
Anyone every notice that:

EUR moves most during LONDON open
USD moves most during NY open
JPY moves most during TOKYO open
AUD moves most during SYDNEY open
????

Does it not make sense then to trade EUR/JPY from Tokyo open to London close?

Does it not make sense then to trade EUR/USD from London open to NY close?

Does it not make sense then to trade AUD/USD from NY open to Sydney close?

Does it not make sense then to trade USD/JPY from NY open to Tokyo close?

Does it not make sense then to trade EUR/AUD from Sydney open to London close?...
{Promotion Removed}
  • #64
  • Nov 11, 2009 2:28am Nov 11, 2009 2:28am
Good uptrend developing at the moment that has broken out of 1.5020. May enter on a pull back provided it looks decent enough. I had a gut feeling before I went to bed last night that the range would be broken out of so I cancelled both my straddle orders.
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  • #65
  • Nov 11, 2009 2:46am Nov 11, 2009 2:46am
And we're off. Free Trade. Destination: unknown. Hopefully up
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  • #66
  • Nov 11, 2009 3:46am Nov 11, 2009 3:46am
First trade Trailing stop hit for +5. Around where I was stopped out could have been a possible entry but the candle was to bearish so I waited. Entered again because of hesitating price at MA's. Saw a triple top so I waited to see how price would react around that level. As expected, not the greatest reaction near triple top, so I exited for another +5.
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  • #67
  • Nov 11, 2009 7:17am Nov 11, 2009 7:17am
As we know, today is a USA bank holiday. Depending on what it looks like, I will either stay out completely, or take a consolidation trade or two. Right now price ranging from 1.5020 to 1.5045. Trade earlier where it bounces off of 48 MA (purple) AND 1.5020 looked like a beauty; too bad I missed it, but no worries, I needed the sleep. Going to be somewhat conservative today.
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  • #68
  • Nov 11, 2009 8:08am Nov 11, 2009 8:08am
Took consolidation trade due to 1.5020 and 120 EMA being in very close proximity to each other, and price hesitating around this value. Right now in a free trade, may close out early if it doesn't bust through top MA's with confidence.

EDIT: Took +8 pips due to lack of confidence mentioned above. Yay, $100 account back into positive territory
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  • #69
  • Nov 11, 2009 9:48am Nov 11, 2009 9:48am
Thought I had a good price level going at 1.5015/5020, until now. Trading a little scared, aiming for 1 pip at any sign of hesitation. AKA getting off my game plan, not very good.

Good down movement occurring at the moment. Might try to hop on given the opportunity. Account back down to $99.37.
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  • #70
  • Nov 11, 2009 11:07am Nov 11, 2009 11:07am
Finally able to take a trade as per normal rules out of a consolidating market. So far 9 pips locked in, going to let it ride.

EDIT: 9 pips taken.
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  • #71
  • Nov 12, 2009 10:51am Nov 12, 2009 10:51am
Quoting kharvell
Hi Cory,

Thanks for stopping by, dude! Cool that you have taken times into consideration. Very curious as to how you trade it as your main basis for entry. If you do not wish to divulge, no worries, just curious.

Take care man, and come back now, ya hear?

Kevin
Thanks man! I sent you a pm.
  • #72
  • Dec 1, 2009 10:35am Dec 1, 2009 10:35am
Kevin,

How are you doing???

  • #73
  • Dec 1, 2009 7:42pm Dec 1, 2009 7:42pm
Hi calderone,

Sorry about my long absence here guys. I decided that short trading is a lot of time spent for little benefit, at least in my experience. There is no doubt in my mind, that had I stuck with my intended rules, I would have been profitable. I just much prefer to go out and enjoy my day with carry trades at home.

I'm contemplating continuing this thread with long-term trades. We'll see..

Until next post,

Kevin
  • #74
  • Last Post: Dec 1, 2009 7:47pm Dec 1, 2009 7:47pm
Quoting kharvell
Hi calderone,

Sorry about my long absence here guys. I decided that short trading is a lot of time spent for little benefit, at least in my experience. There is no doubt in my mind, that had I stuck with my intended rules, I would have been profitable. I just much prefer to go out and enjoy my day with carry trades at home.

I'm contemplating continuing this thread with long-term trades. We'll see..

Until next post,

Kevin
Hey!
I'm just glad you didn't take a fall climbing or something. lol I understand where you are coming from, I am trading higher timeframes. I can set and forget and go about my business. Besides, you probablly have a life!

Mike
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