Central Banks & Big Players

Back from st lucia.. starting the year with this... it's all good

spectacular London open...

Tooooooony where are the rules in that one :evil

I'm havin a blast too! Woo

well, i entered on the first big candle on London open... it was a loss as you can see... it's 30 min past London open so I can go to bed now and try again 2morrow

I'm currently working on a system that will complete this one... it consists on getting back a portion of a 4-5 pip loss on the EUR or JPY

ur right... that candle wasn't as big as I saw it in the first place

Call me trigger happy but "I FELT" a upward move so entered and took 24 pips! lol

It wasnt by the rules, but I took it from strong continuation. HH's etc...

anyway wish everyone good luck in the new year!!

ozzie you're trigger happy

But it doesn matter because you're goin strong like these guys!!!!

Anyone watching Aussie right now, possible break out to the upside coming up.

Tony. I just finished reading your thread. Your system kicks ass to say the least. But, not knowing where to set your TP is costing you a lot of pips. Your system combined with some well placed fibs will not only give you a good idea which way the breakout will go, but will also give you a very accurate target for your TP. The combination of the two has the potential to be absolutley brutal.


http://www.forexfactory.com/showthread.php?t=60272

Anyone make a trade yesterday?

I missed it... sleeping lol

but on it like sonic today!

I didn't see a 10 pip candle yesterday. I didnt make a trade

hi Tony and others...

i found this thread very interesting...i will give it a try!!!

yesterday i made 6 trade with your system: 3 win 3 loss...every win trade was about 8-12 pips..;obviosly loss was -4 pips for each;

good luck all!

Very interesting system. Have someone taken any trades from the start of the year? Can someone share results? I heard that the market is usually more volatile during the 2nd and 3rd week of the month, and less during the first and last. Is that true anyone?

Dan Pa.

Please explain why and how?

I suggest you do not make any variation to the technique until you are ready and understand how it works fully. The "feel" lol

Aaron, sorry mate never heard of that before.. but now that you said it will pay more attention.

Oz

Hey mate, please note that I just heard and haven’t verified this to be true. However, it is absolutely true that there is usually more volume in the middle of the week and less on Mondays and Fridays. And correct me if I’m wrong, it’s volume we need to see more of those 10 pip candles. About the middle of the month having more volume, I hope someone knowledgeable can verify, because this first week of the year sucked, at least for me. It’s also been my first week trying out this system and I only managed to grab 31 pips, which honestly felt a bit discouraging after staring at the screen for 4 whole days. Oz, did you trade this system this week?

Ouch...

By the way. I trade this system for the first 30mins of the London open. I cant dedicate all day to it. However most of the runs come within minutes. The first week has been terrible.. No losses and no major gain. A gain is a gain though! lol

My view is that its the first week, people coming back, bla bla next week should be good. The system is just too good, trust me last year I ended up very much profitable, Some of the trades in the last week have been on feel of continuation not only 10 pip bars (Which means its not this system) But it kind of is. It just takes time and practice.

Tony has given us all a great insight, the more you watch the more you learn.. But try trading the first 30mins or maybe an hour with this method. If it comes it comes if it doesnt there is always tomorrow. I also trade the 5 and 15min charts HH HL breakouts etc this is the most profitable because of the low risk.

Oz

How right you are, I like to keep an eye out on Tony's thread... trust me Tony is making money with this system.

Imagine just trading for say 30 mins, all at London and US open, 4 pips in total risked and profit, well I mean - lets say 20 pips each, which equals 40 pips, therefore Tony can be wrong for 10 days before he is in a loss... how cool?

I mean... come on... at least he can be right once or twice a week? Don't you think?

Hmm... happy pipping.

The system works. sentiment is wait for job reports.