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Central Banks & Big Players

  • #3,041
  • Jul 20, 2010 2:03am Jul 20, 2010 2:03am
got stopped out on a long. is that what other peeps have got?
  • #3,042
  • Jul 20, 2010 2:03am Jul 20, 2010 2:03am
Quoting coolshades
got stopped out on a long. is that what other peeps have got?
yes the same.
  • #3,043
  • Jul 20, 2010 2:04am Jul 20, 2010 2:04am
Yep... -1 (long) this morning... waiting for NY now!
  • #3,044
  • Jul 20, 2010 2:04am Jul 20, 2010 2:04am
EPIC FAIL
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Invest in alarm clocks
  • #3,045
  • Jul 20, 2010 2:05am Jul 20, 2010 2:05am
Yes, waiting for NY Open...
  • #3,046
  • Jul 20, 2010 2:05am Jul 20, 2010 2:05am
yep stopped again on a long.
  • #3,047
  • Jul 20, 2010 2:06am Jul 20, 2010 2:06am
the eur was exhausted my friends indeed
Invest in alarm clocks
  • #3,048
  • Jul 20, 2010 2:06am Jul 20, 2010 2:06am
hmm, -3 in my case. oanda does have slippage often times. how did you manage -1? or your sl is -1?

Quoting DanUK
Yep... -1 (long) this morning... waiting for NY now!
  • #3,049
  • Jul 20, 2010 2:06am Jul 20, 2010 2:06am
Same here
  • #3,050
  • Jul 20, 2010 2:08am Jul 20, 2010 2:08am
Quoting Tony112
EPIC FAIL


Tony, do you use this strategy for FF opening, or you want to keep your funds for London?
  • #3,051
  • Jul 20, 2010 2:12am Jul 20, 2010 2:12am
0SL for me on a long.
  • #3,052
  • Jul 20, 2010 2:12am Jul 20, 2010 2:12am
Quoting coolshades
hmm, -3 in my case. oanda does have slippage often times. how did you manage -1? or your sl is -1?
No, sorry I just meant -1 as in trade not pips. Didn't have time to move sl so pip wise I took a full hit -2 pips... didn't get any slippage on it though???
  • #3,053
  • Jul 20, 2010 2:13am Jul 20, 2010 2:13am
guys if we got 140 pips everyday we would be millionaires in about a week
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Invest in alarm clocks
  • #3,054
  • Jul 20, 2010 2:16am Jul 20, 2010 2:16am
Quoting Tony112
guys if we got 140 pips everyday we would be millionaires in about a week
That would be nice.
  • #3,055
  • Jul 20, 2010 2:17am Jul 20, 2010 2:17am
Of course Tony, most days will be like this morning... we only need a few like yesterday
  • #3,056
  • Jul 20, 2010 2:18am Jul 20, 2010 2:18am
Quoting Dael
FlexiChart is grayed because there's no source code (.mq4 file), it's OK. Throw it on the chart, make just one setup - CandleTimeFrame=0:00:05. That's all.
sir is laready on the chart as u can see the chart attached above and have the 00.00.05 setting as u say but still it doesnt display wat u say
  • #3,057
  • Jul 20, 2010 2:19am Jul 20, 2010 2:19am
Hey guys, awesome thread you have here, glad to see people are dedicated to this strategy. I am involved in another thread where we to have about 20 dedicated guys to a strat.

I was wondering though, is it possible to use this strategy with 1 min candles?
  • #3,058
  • Jul 20, 2010 2:24am Jul 20, 2010 2:24am
Hi everyone, I was wondering how people trading this method are compounding their profits? Do you compound at the end of each successful trade, at the end of each week, each month etc?

Also after unsuccessful trades, do you re-calculate your risk? e.g. if you have say £1,000 in your account and you risk 2% per trade (thus risking £20 per trade), if you have a bad trade do you risk 2% of £980 going forward? Or do you leave the risk at £20 until you have a winning trade?

Thanks to Tony for sharing this interesting method and to everyone else who is contributing!
  • #3,059
  • Jul 20, 2010 3:05am Jul 20, 2010 3:05am
Quoting fxrambo
sir is laready on the chart as u can see the chart attached above and have the 00.00.05 setting as u say but still it doesnt display wat u say
True, couldn't notice at first time. No ideas in that case.
You have two options - ask for help in FlexiChart thread or open demo account in Oanda.
  • #3,060
  • Jul 20, 2010 3:34am Jul 20, 2010 3:34am
Not enought momentum, see there are no acceleration, I prefered big candle strategy version because of that.

If you decide to trade on open time, atleast be off S/R. In term of PA analyze one candle on one direction is not enought to make a good signal I think.

See Tony, many time price stay without momentum on the open time and bounce after fue minutes... you will waste many good entries this way. Just my opinion (nice trade yesterday).
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