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0400-0700 GMT Breakout Strategy

  • #2,721
  • Feb 19, 2010 12:46am Feb 19, 2010 12:46am
My short just triggered 1.53730, but figures out at 09:30 GMT
  • #2,722
  • Feb 19, 2010 2:17am Feb 19, 2010 2:17am
Quoting wawarulez
o well a loss today, but it looked risky from the start.

c u all next week
why do you guys thought it looked risky? just curious, to learn...
  • #2,723
  • Feb 19, 2010 2:45am Feb 19, 2010 2:45am
Quoting sebafx
why do you guys thought it looked risky? just curious, to learn...
It fell 227 pips between 20.00pm to 23.50pm GMT last night.

For the following 6 hours it traded in a 54 pip range going sideways. If you take the mid point of this range it was only oscillating 27 pips either side. Unfortunately not enough momentum to get a decent move. The Asian session stole our thunder !!
  • #2,724
  • Feb 21, 2010 10:10pm Feb 21, 2010 10:10pm
long at 1.5500 with grant's today?
  • #2,725
  • Feb 21, 2010 10:38pm Feb 21, 2010 10:38pm
yeh seba, im long at 1.5502
  • #2,726
  • Feb 21, 2010 10:41pm Feb 21, 2010 10:41pm
seba

i have long from 1.5501 today

cheers

grant
  • #2,727
  • Feb 22, 2010 12:57am Feb 22, 2010 12:57am
specialy for us this f***g spike to 5503, nothing to do, only assume, damned
  • #2,728
  • Feb 22, 2010 1:17am Feb 22, 2010 1:17am
Quoting gregart
specialy for us this f***g spike to 5503, nothing to do, only assume, damned
hell

i came back to the machine at 850 to cancel the order, instead of 830, by 843 the spike had stung me. Is the market saying to me "BE STRICT"? Mental Note, seba: "DO cancel the order at 830". Damn!

Oh well, 1.5% less is not the end of the world. Here's to Tomorrow, everyone.
  • #2,729
  • Feb 22, 2010 1:32am Feb 22, 2010 1:32am
Quoting grant18265
seba

i have long from 1.5501 today

cheers

grant
grant are you still trading scull's method? I'm asking because he stopped trading it... it could trigger a short soonish

Also, as a reference to keep researching, as I'm looking for a system to trade alongside this during the day, and I got quite interested in macd and its divergence, PA and S/R. Would you mind if I ask if you combine macd in your 15M method with additional indicators to confirm your signals, and if so which?

Sorry everyone if I'm too off topic, I can pm Grant instead if you prefer.
  • #2,730
  • Feb 22, 2010 2:31am Feb 22, 2010 2:31am
Seba

have pm'd you

Grant
  • #2,731
  • Feb 22, 2010 2:41am Feb 22, 2010 2:41am
I luckily escaped the spike as i cancel the order earlier !
This really looks like broker s manipulation or ?????
your opinion ?

Thanks

zaba1
  • #2,732
  • Feb 22, 2010 5:41am Feb 22, 2010 5:41am
Quoting zaba1
I luckily escaped the spike as i cancel the order earlier !
This really looks like broker s manipulation or ?????
your opinion ?

Thanks

zaba1
Guys the rules state set up order to run until 8.30 am UK time, i know my broker IG Index (non MT4) has a option to state when the order ends and i know most MT4 brokers have an expiry at the bottom of the trade panel that you can edit to add an expiry to your order, if you get into the habit its quite easy and saves you forgetting to remove orders.
  • #2,733
  • Feb 22, 2010 6:04am Feb 22, 2010 6:04am
to anyone following sculls breakout

can you update results as i think its not doing to well this month
"The person who knows that enough is enough, will always have enough". .
  • #2,734
  • Feb 22, 2010 10:04pm Feb 22, 2010 10:04pm
got 1.5542 for grant's long today, order set

i think there might be some resistance around 50-75...
  • #2,735
  • Feb 22, 2010 11:17pm Feb 22, 2010 11:17pm
Quoting sebafx
got 1.5542 for grant's long today, order set

i think there might be some resistance around 50-75...
ditto... stop now at B/E heres hoping for a push through the R3 resistance at 15568
  • #2,736
  • Feb 22, 2010 11:29pm Feb 22, 2010 11:29pm
Quoting kiwiduvet
ditto... stop now at B/E heres hoping for a push through the R3 resistance at 15568
yeah you're right stop at BE (which for me, makes it a good day already). In my feed it's bouncing from 1.5571, let's see if we can break this area...
  • #2,737
  • Feb 22, 2010 11:33pm Feb 22, 2010 11:33pm
I'm using IG index, and had an order to open trade created to enter at 15546, but that up movement seemed to be so fast for the site it entered me at 15549.05. I'm pretty sure IG doesn't do 6 digits but it seems to of got me in at one. I was wondering if anyone else using IG experienced this problem?

To make matters worse my internet crashed seconds later, so maybe it was dodgy internet that made me enter late?
  • #2,738
  • Feb 23, 2010 12:31am Feb 23, 2010 12:31am
well since IG entered me late im BE for the day.
  • #2,739
  • Feb 23, 2010 1:13am Feb 23, 2010 1:13am
Quoting wawarulez
well since IG entered me late im BE for the day.
wa wa

I use IG and my order was filled at 15543.0 then this euro news has drive it back down to b/e so b/e for me too, however was arleady long cable on my other trading so have banked +25 +30 and +50 for the day with a small 1/4 runner left open.

until tomorrow.

great trading quote i heard from Jay Norris from Brewer FX yesterday "lose your opinion not your money" basically trade the signals forget about where you think the pair is going to go
  • #2,740
  • Feb 23, 2010 1:15am Feb 23, 2010 1:15am
Quoting wawarulez
well since IG entered me late im BE for the day.
don't worry mate, I think we all are BE today

Anyway, BE certainly beats the hell out of -15! To me, it's a good day.

see you tomorrow guys
Seba
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