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  • #2,501
  • Jun 28, 2010 2:35am Jun 28, 2010 2:35am
well sounds good i will start monitoring the opens whilst watching for large bars etc.. i was skeptical i must say as just watching it for a week, seemed like stop outs each time plus i am not able to use a SL so small. not sure how tony manages this. i look forward to seeing results. simplicity is always nice! ..and profits!
Limitation is a creation of the mind
  • #2,502
  • Jun 28, 2010 4:37am Jun 28, 2010 4:37am
with regards to babefx's post above, "fives in on the impulse" ..so am i to understand you guys only jump in at the open bars if there is a significant impluse bar in a direction? because most of tony's entries on the opens dont really have large bars so i understood it to be the direction regardless of size etc.. or would you only get in where a "bigger" move comes after low volatility?
Limitation is a creation of the mind
  • #2,503
  • Jun 28, 2010 5:21am Jun 28, 2010 5:21am
Quoting schnitzeltra
with regards to babefx's post above, "fives in on the impulse" ..so am i to understand you guys only jump in at the open bars if there is a significant impluse bar in a direction? because most of tony's entries on the opens dont really have large bars so i understood it to be the direction regardless of size etc.. or would you only get in where a "bigger" move comes after low volatility?

Hi schnitzeltra,

I have marked on a 1min chart the Frankfurt & London open for today.

If you had taken the Trade from the Frankfurt open today, using the method I suggested a number of posts back, you could have banked at least 20 pips profit or at worst you would have been stopped out at break-even.

Try using the 1min chart use the 1st minute of the open, add a buffer & then take any long above the top off the 1min opening candle(plus buffer) or if the market moves down, take a short off the bottom of the opening candle (less buffer).

Don't ask what buffer you should use as this can only be decided by yourself and is determined by the amount of money you are prepared to put at risk.

Regards,


BabeFX.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 1min 280610.gif Size: 71 KB
  • #2,504
  • Jun 28, 2010 6:32am Jun 28, 2010 6:32am
Lets hope the ny open is a bit more lively! Yawn..........
  • #2,505
  • Jun 28, 2010 6:38am Jun 28, 2010 6:38am
Good morning!
Just looked at this last screen shot posted, and was wondering if anyone is tracking this...I mean like out of say 10 FF opens or 10 London opens, how many times does it take off and fly, or how many times does it go 20 and reverse, then take off, etc. I thought I was starting to see a pattern where if FF open and London open were in same direction, you'd be nabbing the big 120 or 140 TP's, otherwise, if FF went one way and London went another, choppiness ensued. IS ANYBODY TRACKING THIS, and if so, will you share what you can quantify( or at least what you've seen)? Thanks y'all...and thanks again Tony!
Blessings, Monk E.
  • #2,506
  • Edited 7:20am Jun 28, 2010 7:03am | Edited 7:20am
Hi Folks

Short Eur/Usd @ 1.2344 stop @ 1.2355
  • #2,507
  • Jun 28, 2010 7:16am Jun 28, 2010 7:16am
0...5...or 10 pips SL with a take profit of 100!! must be worth demoing....

Babefx, thanks for the explanation of the system a few posts back.

Tony, thanks for sharing.

Cheers to all.
What you do is a reflection of you....what I do is a reflection of me.
  • #2,508
  • Jun 28, 2010 7:23am Jun 28, 2010 7:23am
Hi Folks

Short Eur/Usd @ 1.2344 stop @ 1.2355



Screen shot.

Have moved stop to entry for a free trade.


Regards,



BabeFX
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 1min 2806102.gif Size: 65 KB
  • #2,509
  • Jun 28, 2010 7:45am Jun 28, 2010 7:45am
do you have a rough win/loss ratio for this? 1 min open strategy?
Limitation is a creation of the mind
  • #2,510
  • Jun 28, 2010 7:57am Jun 28, 2010 7:57am
Quoting schnitzeltra
do you have a rough win/loss ratio for this? 1 min open strategy?

Hi schnitzeltra,

This picture gives a good idea of the R/R

Take risk as cost of wheelbarrow.

Take reward as money in wheelbarrow.

Hope that helped !


Regards,


BabeFX.
Attached Image
  • #2,511
  • Jun 28, 2010 7:59am Jun 28, 2010 7:59am
Quoting BabeFX
Hi schnitzeltra,

This picture gives a good idea of the R/R

Take risk as cost of wheelbarrow.

Take reward as money in wheelbarrow.

Hope that helped !


Regards,


BabeFX.
What you do is a reflection of you....what I do is a reflection of me.
  • #2,512
  • Jun 28, 2010 8:01am Jun 28, 2010 8:01am
lol. roger that.
Limitation is a creation of the mind
  • #2,513
  • Jun 28, 2010 8:48am Jun 28, 2010 8:48am
Hi Folks,


Update on Demo trade.

Stop Loss at break even triggered at 14.31BST

Result of trade No Win/No Loss



However, notice that price hasn't closed above the New York open(at 1.2347) on the 15min chart.

Regards,


BabeFX.
  • #2,514
  • Jun 28, 2010 12:14pm Jun 28, 2010 12:14pm
Quoting BabeFX
Hi Folks,

Just to try to help you doubters, confirmation seekers & back test junkies.


A few pointers.

[list][*]1st off Tony has vigorously tested this method using his hard earned cash, he didn't ask anybody for help he just did it ![*]As the markets changed Tony was able to spot this change and he altered his method accordingly.[*]His current method as far as I can perceive ( I haven't had any contact with him) is to take a trade straight from the open.[*]Which open you ask ?.First....
Hi Babe, thankx for the update. Please clarify, when you say "enters in the direction of the impulse" you mean:
a) after the open price, Tony waits for 8pip bar on a 5sec bar and opens in that direction
or,
b) Tony goes short strait away if first 5 sec bar close is below open /long if first 5 sec bar close is above Frankfurt open

Cheers
"Hoe ur pips mate?" fxcarllos
  • #2,515
  • Jun 28, 2010 9:29pm Jun 28, 2010 9:29pm
Quoting BabeFX
Hi Folks,


Update on Demo trade.

Stop Loss at break even triggered at 14.31BST

Result of trade No Win/No Loss



However, notice that price hasn't closed above the New York open(at 1.2347) on the 15min chart.

Regards,


BabeFX.
Thanks babe, I just turned my PC on and noticed that.
price has since reached 90 pips...not too bad!!
What you do is a reflection of you....what I do is a reflection of me.
  • #2,516
  • Jun 28, 2010 11:40pm Jun 28, 2010 11:40pm
How to get 5 seconds candle?
  • #2,517
  • Jun 29, 2010 2:07am Jun 29, 2010 2:07am
I am demoing this strategy and wondering if the signal at London open is a buy at 2239.

Thanks
What you do is a reflection of you....what I do is a reflection of me.
  • #2,518
  • Jun 29, 2010 2:13am Jun 29, 2010 2:13am
Quoting Ezzy
I am demoing this strategy and wondering if the signal at London open is a buy at 2239.

Thanks

Hi Ezzy,

Not according to my entry criteria, I am still short from the Frankfurt open & I see no reason to reverse that trade as yet.

Regards,

BabeFX.
  • #2,519
  • Jun 29, 2010 2:20am Jun 29, 2010 2:20am
Hi Babe

I was hoping you were around.

I missed the Frankfurt open and thought that London may be more important, given that London seem to be buy, I thought I'd check.

Thanks mate
What you do is a reflection of you....what I do is a reflection of me.
  • #2,520
  • Jun 29, 2010 4:22am Jun 29, 2010 4:22am
Hi Babe,

Iīve tried lots of indicators: Macd, RSI, EMAīs, Stoch,,, and always the same: first the PA changes and then indicators changes, never the opposite.
So I think itīs impossible to predict PA with indicators....
But the breakout of 1 min candle (the first sentiment of the market) at Frankfurt and NY Open (I donīt like much London) has a continuation at less 20 pips away... An incredible example today Frankfurt Open (70 pips or more).
Thanks a lot for sharing your Tonyīs system modification.
I donīt use buffer, only H/L of 1 min candle to buy and sell, SL= 10, BE if TP=10 and TP... it depends

Bests Regards
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