Regarding my 1 minute chart signals for eurusd, here is what I'll do. Of course I will continue to trade my regular methods during NY session 8:00 - 12:00, that's where I earn my money. I have studied more 5 min. charts and really feel this 5 min. occurance I have noticed has merit. The thing about it is that most of the signals occur during the slower trade periods. So obviously I can't watch the charts 24 hrs. a day and catch all of them. Also these trades are not quick scalps, some of the trades could last a couple of hours to reach the target. But, I still consider that short term trading, especially since the signals come off a 1 minute chart.
So, what I will do for now is post the signals (as many as I can), in this thread for all to see. I'll post the buy or sell level, stop and the target price. I want to stress that I am not yet trading these signals with real money and don't recomend anyone to trade with real money on these signals. A demo account obviously is ok. I'll do this for a couple weeks and we'll see how the results are.
Your original signal price was 1709 wasn't it? Why have you edited your posting? If you are going to change your entry target that isn't a problem but don't edit your postings, just put another one on.
Your original signal price was 1709 wasn't it? Why have you edited your posting? If you are going to change your entry target that isn't a problem but don't edit your postings, just put another one on.
Simon
Ignored
Yeah sorry bout that. I misread my chart after the 1st post.
The entry should have been 1699
stop 1679
target 1709
There is a 90% probability price will return to 1710 area during asian - european session. Like I said I am still trying to determine the most effective stop & target combo. I know a lot of people think I'm full of crap, but believe me I see these signals over and over on 5 min. charts with what appears to be at least 90% accurancy.
Thanks for doing this. It will be interesting to see how these trades work out.
Quoting JohnFX
Disliked
Yeah sorry bout that. I misread my chart after the 1st post.
The entry should have been 1699
stop 1679
target 1709
There is a 90% probability price will return to 1710 area during asian - european session. Like I said I am still trying to determine the most effective stop & target combo. I know a lot of people think I'm full of crap, but believe me I see these signals over and over on 1 min. charts with what appears to be at least 90% accurancy.
Yeah sorry bout that. I misread my chart after the 1st post.
The entry should have been 1699
stop 1679
target 1709
There is a 90% probability price will return to 1710 area during asian - european session. Like I said I am still trying to determine the most effective stop & target combo. I know a lot of people think I'm full of crap, but believe me I see these signals over and over on 1 min. charts with what appears to be at least 90% accurancy.
Well I'm off to bed. 11:30 PM here.
JohnFX
Ignored
target hit during London around 4:04 AM or 5:56 AM (ET) depending on your broker. Yes, I know some are going to say, "but it went much higher and your trade didn't take advantage of it". Well that's easy to say in hindsight. This method is about getting 10 pips per trade on a 90% accuracy and not using large stops. (even 80% would be a very profitable system). And one has to stick to ones paramaters to achive that.
Shooting for 30 pips on this one. I want to re-iterate that I am not trading real money on these signals yet and don't recommend anyone doing that. These are test trades for illustration purposes only.
