Central Banks & Big Players

This type of method relies on the 'big players' taking price quickly away from your entry and then keep buying or selling (i.e in the same direction) so price never looks back.

Now this is not going to happen all the time, if there has been no news, if there is indecision in the market etc etc. It's not a method that is going to give you winner after winner, but when you do get a big winner it is huge.

The key to success in this method is to ensure you keep losses to a minimum, moving SL to 0SL fairly quickly.

Thus you should get lots of BE trades, few losses then a huge winner. I can't back test so I do not know how frequent a winner can occur...you could get an idea by looking at a 1minute chart on MT4 to see how often at London and NY open price is taken off in one direction an continued for 100 or so pips...that will give you a rough idea.

I would estimate that you would on average have BE trades 70% of the time, 20% losers and 10% winners.. (maybe Tony can comment on frequency of winners from past experience?), it's a rough guess to illustrate that the 140pips winner will be few but if you manage the trade right and get to 0SL promptly this method should work over a period...it just requires patience.

The way I look at this method is that it takes a couple of minutes a day max to do 2 entries...you're either out for a loss or BE very quickly or you're at 0SL and and a TP or TSL etc set and you get on with what else you do during the day...and once in a while you'll get a nice 70R winner...but you gotta be patient...there was a 100pip winner Monday and with a bit of knowledge you could have expected price to stall at 1.3000 area, since then I think most people had 1 or maybe 2 max losses and the rest BE...that fits with the profile I mentioned above and an extremely profitable week for most.

Now Monday London open represents good opportunities as traders are coming back from a 2 day break so there is a higher chance of bigger initial momentum moves...and look at today...we had European Bank Stress Results after European close...something to move the market at Frankfurt or London open I reckon?!

If I got 1 winner a month I'd be pretty damn happy with this method let alone 1 winner a week.

One thing to look out for is if there is news out the same time as London or NY open...Oanda increase their spreads to 1.8 or 3 quite commonly on EU at news times...so you gotta bear this in mind and make adjustments.

you can do your entry with new rules, and if breakeven or SL = you can wait for a big candle out of the traffic.

I mean, sometime it's dumb to enter on the exact open time if no momentum, better to wait fue minutes more for a real push.

I understood logic behind the method, I'm just looking for the best way to trade it.

ok I'm very drunk now but I can understand by reading this that this person is very smart and is reasoning very well u will succeed my friend...sorry for me being drunk anad writting nonesense

yea same thing this week lots of it

buy the way this week was still profit for me

its ok guys I know my a lot of people tell me this drink is gay but i like it i dont care

cause i like apples, green ones like money

wow amazing night downtown.... met nice people and had the chance to chat a lil bit .... i stilll remembered where I lived and who I was but the evening I do not regret it .... a chick came out of nowwhere and stuck her booty on me and started dancing .. i then put my hands on her hips and her hair was smelling real nice... hm .. i spend the rest of te evening talking to some real cool duddes i didn't eveen know .... i did spend some $ at the club wow what a great evening ... ironicly I left my car window open with my IPad on the seat nobody took it d....damn i felt lucky because i left it there for about 2 hours... i love night like this ... it makes me get away.. now back to real life and forex.. can't wait for next week... i, m out to my bed guys -nobody here

me too starving for london open....

beside the opening 5sec entry I also test the 1min open candle entry suggested by babefx, which seems to do also really well with minimal time exposure

hi alfanzereii, are you setting the daily strat our to london open?

I'm sorry but I can't follow you. Can you please rewrite this for me to understand, would be nice. Thank you

ohh, sorry, some typos there.

I wanted to know which setting you use for "daily start" on your indicator. Do you use midnight or london open or another start time?

I think this is the time the lines are calculated from , right?

Yes the lines are calculated off the daily open.
I use NewYork midnight as daily start. Honestly I forgot why I use this time but now I'm used to it and it works for me. So I had to calculate what time it is in my country , when it's midnight in NY , so I entered DayStartHour "6".

ok, thanks, will giv it a try


are you from germany too?

Best post on FF I've read in some time. Nice work Tony.

yes, nice post tony- but totally worthless without pics of the chick...

I could't take a picture in the club... and honestly at that time I was more concentrated on something else.. but I could actually try to post a similar chick... shorter than me with a very short white tight dress... Spanish style.. the girl was kinda dark with hazelnut hair smelling like paradise..

lol fridays are always wild these days it's a way to congratulate myself for nice forex weeks... can't wait till next friday it's gonna be even wilder

so how many trades was it this week ? Can you give a quick stat ?
0SL, -2/-3, big winners ...

I'm assuming most were supp/resistance breaks ???

this week grew the accout at 143%, you have to keep in mind that I don't post all trades I take since like you said, I take some support and resistance trades, some, some 5-20 pip candles trades (5 sec) and the opens as well... all 0SL oriented

So I just read all 219 posts and look forward to start trading this system but on the first page it says to refer to page 181 and then it says to go to first page. From my understanding we go in the direction of the firs candle at the open Correct?
Thanks Helder