I have a new demo and I am not used to trading at this time of day!!
That last trade was for two pips!!
Didn't realise I was trading a std lot, just looking at the chart and judging from the last line on the trade details. It went to 20, the 5min stoch was looking flat so out I came.
Real scalping eh? Must get some rest and come back when there is more volatility.
I put the 34 linear weighted moving average on my chart just to see
what it looked like. It is almost exactly the same set-up as a
bollinger band 20/2, (standard settings).
I've traded alot with bollinger bands, it seems Craig Harris is going
"long" after the price bar crosses the middle of the bollinger band
and going short after the price bar crosses the middle of the bollinger
band to the downside.
I thought this was interesting and thought I'd share with the group.
My apologies for beating the dead horse. Since Wellington opens 2 hours before Tokyo and IBFX plots the new day at 0:00 GMT (Tokyo open), my "AsiaSession" indicator was giving me wrong readings. I got it now! Thanks for your patience. Maybe it can be a side note to others who use brokers which plot the day's open at 0:00 GMT.
Kind Regards,
Neo
Ignored
I plot my asian session from 00:00 GMT to 8:00 GMT (8 GMT which is the open of the London session) on IBFX. If your trading platform is GMT +2 like GoFX or FXDD adjust the time to GMT+2, so 2:00 would be the start of the financial day and 10:00 would be the open of london. I've attached the indicator below so you can customise 3 different time zones if you wish. I have the asian, london and NY session on my charts.
I just wanted to drop a post since I saw that the thread was almost ended awhile back for non-participation. I am in the process of watching videos and reading the thread trying to get a grasp.
Well, you said you set a trailing stop and go to sleep. so it must be on the platform already and i dont know it.
Ignored
B&B, if you're looking for an EA to manage your TP (to scale out your position), here are 2 options. I like the "managetp" one better.
(If you have money to spend, there is a more professional grade option called Artemis Sitter. Unfortunately it cost $400, but it has the best options for scaling out in many parts. It also stealths your SL and TP so your broker can't see where your stops are. When I'm making good money on a daily basis I'll consider getting the Artemis Sitter.)
Well, you said you set a trailing stop and go to sleep. so it must be on the platform already and i dont know it.
thx then
bulls
Ignored
Hi BullsAndBear, you can have a trailing stop starting from 5 pips with FXPRO mt4 demo and 5 digit with better spread and it s the same broker time like FXDD (+2 GMT) !
Here is a quick 10pips euro trade I just took, and took it out near top of channel, just was looking for a quick trade of 5-10pips before bedtime, and actually first trade of the year for me.
hlass
Took this trade 15 minutes before the London open. 2nd half of the trade is at +45 pips currently. I also took a EU short at the same time which is now +21 pips in profit.
B&B, if you're looking for an EA to manage your TP (to scale out your position), here are 2 options. I like the "managetp" one better.
(If you have money to spend, there is a more professional grade option called Artemis Sitter. Unfortunately it cost $400, but it has the best options for scaling out in many parts. It also stealths your SL and TP so your broker can't see where your stops are. When I'm making good money on a daily basis I'll consider getting the Artemis Sitter.)
Regards,
Neo
Ignored
Neo, thats really great. Thanks man.
bulls
Whats happening in EUR/USD should be happening to you!
Joined May 2008
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Status: Grand Poopaw
|1,488 Posts
Bpips... Welcome aboard and looking forward to your future posts. You are all starting to kick some real bootie using CH's method. I'm proud of you all to say the least. The inter-action is fantastic and I hope it continues... If your getting ready to enter a trade or see one setting up... post it here. This could become a trading room where we help each other learn this method and help others build confidence. Post your charts (live or otherwise) , results and a little about what and how you made the trade. Why you got in where you did and why you exited where you did. Post winners and losers alike so we can discuss it. Thanks and get those pips today! Big E
First trade using this method. AUD short against the major trend so wasn't expecting much more then 15-25 pips. We had a higher high and then a retest of the high that failed (red arrow). Entered at close of the failure candle at 0.9147 and out at 0.9120 for 27 pips.
So,,,This is what I am looking at right now,,,1 hr chart,,gpb/usd break north of 1.6056 or south of 1.6012,,,Based on a breakout of the 15:00 candle,,,Last night took over 80 pips to the downside on the London reversal! Went to sleep w/ trailing stop,,,Now that what I call sweet dreams! Thanks Big E
