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  • #1,141
  • Edited 3:13am Dec 10, 2009 2:14am | Edited 3:13am
Quoting Tony112
as I always say, the first 10 pip candle on London open....
LOL- I know, I know. I need to start listening to you more often.
  • #1,142
  • Dec 10, 2009 2:25am Dec 10, 2009 2:25am
Here's yesterdays open. The initial downspike followed by the strong reversal up threw me off so I avoided the trade.

http://img130.imageshack.us/img130/5195/ex86.th.gif
  • #1,143
  • Dec 10, 2009 4:18pm Dec 10, 2009 4:18pm
Quoting Tony112
as I always say, the first 10 pip candle on London open....
what is your win/lose ratio
  • #1,144
  • Dec 11, 2009 12:05am Dec 11, 2009 12:05am
Yesterday when the official bank rate was announced for the GBP, the spread was 20 pips for a good 30 seconds Crazy stuff. Unfortunately no big move occurred from the news.
  • #1,145
  • Dec 11, 2009 2:08am Dec 11, 2009 2:08am
Took 20 pips. Have a great weekend .
http://img18.imageshack.us/img18/7638/ex87.th.gif
  • #1,146
  • Edited 3:11am Dec 11, 2009 2:13am | Edited 3:11am
Took 25 basically took a huge bet and DOUBLED MY ACCOUNT!!!!

Have a great weekend... might check out US open

Oz

TONY I MUST THANK YOU!!!!!! lol
  • #1,147
  • Dec 11, 2009 3:41am Dec 11, 2009 3:41am
Took 23 Thanks Everyone. Happy Weekend.
  • #1,148
  • Dec 11, 2009 6:25am Dec 11, 2009 6:25am
Hey Tony....you missed the London open move.
  • #1,149
  • Dec 11, 2009 6:28am Dec 11, 2009 6:28am
The famous London open. Way to go guys I wish you a great weekend See ya at the next London open!
Invest in alarm clocks
  • #1,150
  • Dec 11, 2009 6:31am Dec 11, 2009 6:31am
Quoting stinger88
Hey Tony....you missed the London open move.

I did. I was too tired. Next week I'll be more on my computer, it's all good
Invest in alarm clocks
  • #1,151
  • Dec 11, 2009 6:34am Dec 11, 2009 6:34am
I've noticed even greater success when trading only in the first 10 minutes of London open. Starting next week, I will trade only during this time. Any 2nd stop-loss will lead into the next session of London open. TP will be a min of 45 pips. We'll see how it goes. Have a great week-end
Invest in alarm clocks
  • #1,152
  • Dec 11, 2009 6:39am Dec 11, 2009 6:39am
Quoting Tony112
I've noticed even greater success when trading only in the first 10 minutes of London open. Starting next week, I will trade only during this time. Any 2nd stop-loss will lead into the next session of London open. TP will be a min of 45 pips. We'll see how it goes. Have a great week-end
I been looking back at previous weeks data and noticed the same thing....a higher sucess rate at the London open. I can't seen to find similar pattern though on the New York and Japan open.
  • #1,153
  • Dec 11, 2009 8:35am Dec 11, 2009 8:35am
Anyone trade the US today?

Seeing as the GBP and EUR pretty much do the same on London Open I think I may trade both at the same time. Anyone doing this at the moment?

Oz
  • #1,154
  • Dec 11, 2009 2:32pm Dec 11, 2009 2:32pm
Quoting ozzieb88
Anyone trade the US today?

Seeing as the GBP and EUR pretty much do the same on London Open I think I may trade both at the same time. Anyone doing this at the moment?

Oz
I've been looking at US stocks that I can apply this too during the NY open but no trades today.
  • #1,155
  • Dec 11, 2009 6:21pm Dec 11, 2009 6:21pm
Tony, look please at your PM folder.

Thanks
  • #1,156
  • Dec 12, 2009 4:59pm Dec 12, 2009 4:59pm
well , I think this system has some value , but I am getting bored watching 5 seconds chart , instead i watch 1 second chart , my question is :

What stoploss should I use 1 or 2 pips ?
  • #1,157
  • Dec 12, 2009 5:05pm Dec 12, 2009 5:05pm
you should have seen what happened to oil after the news from usa .
  • #1,158
  • Dec 12, 2009 5:44pm Dec 12, 2009 5:44pm
Quoting czango
well , I think this system has some value , but I am getting bored watching 5 seconds chart , instead i watch 1 second chart , my question is :

What stoploss should I use 1 or 2 pips ?
You should start a new thread with your own system.
  • #1,159
  • Dec 12, 2009 6:43pm Dec 12, 2009 6:43pm
Hi folks

I will like to know if an EA has being developed to trade or backtest this TS already?
  • #1,160
  • Dec 13, 2009 6:03am Dec 13, 2009 6:03am
Hi Iddy, I believe people have tried to make an EA however it has given too many false signals.

The EA cant (correct me if im wrong) see the flow. By that I mean the force of continuation after the 10 pip candle. Its human impulse that makes you take the trade. I do not think that the EA can do that. However what would be nice is an alert to show when a 10pip candle has come.

But the answer to your question is yes, does it work...no.

Hope that helps.

Oz
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