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  • #3,821
  • Aug 3, 2010 7:45am Aug 3, 2010 7:45am
A new question.

I have read your brief on instructions to this method. I see you now enter at London/New York open in the 1st direction, firstly what times are this in London time zone for both and what's the trigger for entry, is it the 5 second 8-10 pips bar that appears?

Many thanks.
  • #3,822
  • Aug 3, 2010 8:31am Aug 3, 2010 8:31am
Quoting PA Trader
A new question.

I have read your brief on instructions to this method. I see you now enter at London/New York open in the 1st direction, firstly what times are this in London time zone for both and what's the trigger for entry, is it the 5 second 8-10 pips bar that appears?

Many thanks.
PA, as you are in the UK, London is 8am and NY is 1pm, Tony enters on the first 5 second candle direction.
  • #3,823
  • Aug 3, 2010 8:49am Aug 3, 2010 8:49am
Tony enters on the first 5 second ONE PIP candle direction

Quoting Paj
PA, as you are in the UK, London is 8am and NY is 1pm, Tony enters on the first 5 second candle direction.
  • #3,824
  • Aug 3, 2010 9:04am Aug 3, 2010 9:04am
Quoting Paj
PA, as you are in the UK, London is 8am and NY is 1pm, Tony enters on the first 5 second candle direction.
This is a discussion I've been having on another thread, apparantly now London would be 07:00 as it takes affect of daylight saving.

I spoke to my broker and he said as its 24 hours you cant really use one particular time as an open it depends on when the traders get to their desks ususally around 7 in London.
  • #3,825
  • Aug 3, 2010 9:09am Aug 3, 2010 9:09am
Quoting rumpfunk
This is a discussion I've been having on another thread, apparantly now London would be 07:00 as it takes affect of daylight saving.

I spoke to my broker and he said as its 24 hours you cant really use one particular time as an open it depends on when the traders get to their desks ususally around 7 in London.


http://fxtrade.oanda.com/resources/fxmarkethours/
Invest in alarm clocks
  • #3,826
  • Edited Aug 4, 2010 1:18am Aug 3, 2010 9:12am | Edited Aug 4, 2010 1:18am
Guys, I have had a hunt around for UK brokers who have a low (say 1 pip spread) on eurusd and where you can pre-set the SL in order to just focus on the trade direction, then "tweek" as the trade moves hopefully in the desired direction.

I have just finished another demo, this time with GFT and my findings are still a big fat zero, so it would seem I will have to either refund my MBT account or open a new account at Oanda and swallow the wire transfer fee (bothways).

If any of you in UK/Europe have discovered an ideal broker for this method I would be interested to know, if not looks like I will be heading west again.
  • #3,827
  • Aug 3, 2010 9:15am Aug 3, 2010 9:15am
Quoting rumpfunk
This is a discussion I've been having on another thread, apparantly now London would be 07:00 as it takes affect of daylight saving.

I spoke to my broker and he said as its 24 hours you cant really use one particular time as an open it depends on when the traders get to their desks ususally around 7 in London.
No it's still 08:00 if you are in the UK.
  • #3,828
  • Aug 3, 2010 9:21am Aug 3, 2010 9:21am
you can used this link for timeconverter.
http://forex.timezoneconverter.com/
  • #3,829
  • Aug 3, 2010 9:26am Aug 3, 2010 9:26am
Quoting rumpfunk
This is a discussion I've been having on another thread, apparantly now London would be 07:00 as it takes affect of daylight saving.

I spoke to my broker and he said as its 24 hours you cant really use one particular time as an open it depends on when the traders get to their desks ususally around 7 in London.
When I was a money broker in the early 80's the money markets in London kicked off 8am local time, most FX traders I know still get in before 8am and start trading around then, but as the market is 24 hours effectively, they don't all place their orders at exactly 8am, volume will increase as London picks up the batton.
  • #3,830
  • Aug 3, 2010 10:57am Aug 3, 2010 10:57am
Quote
Quote:
Originally Posted by fugly
hi Tony,

how many pips a week do you grab with this strategy?
I don't keep track because I don't stay up everyday... I need discipline...

but I can tell you that if I say 80 pips per week it's going to be 80 pips guaranteed ..... no win some loose some day by day.... and end up with nothing

my strategy works something close to 90% if well done

Good old times
  • #3,831
  • Aug 3, 2010 8:39pm Aug 3, 2010 8:39pm
ATTENTION 1.3240 has created a medium resistance, watch this level, an entry could be done with minimal sl.
Invest in alarm clocks
  • #3,832
  • Aug 3, 2010 10:36pm Aug 3, 2010 10:36pm
ATTENTION 1.3216 has created a medium support, watch this level, an entry could be done with minimal sl.
Invest in alarm clocks
  • #3,833
  • Aug 3, 2010 10:56pm Aug 3, 2010 10:56pm
minimal risk attempt. TP 140
Attached Image (click to enlarge)
Click to Enlarge Name: 164.gif Size: 18 KB
Invest in alarm clocks
  • #3,834
  • Aug 3, 2010 11:58pm Aug 3, 2010 11:58pm
I really hope you're wrong, I've got a long scalp active on the pair right now that JUST BARELY missed it's damn TP of mbt. Of course it just HIT it on alpari UK.

It really aggrivates me that Alpari UK won't take US customers.
  • #3,835
  • Aug 4, 2010 12:29am Aug 4, 2010 12:29am
Quoting Leviathan
It really aggrivates me that Alpari UK won't take US customers.
You're not the only one....
  • #3,836
  • Aug 4, 2010 1:11am Aug 4, 2010 1:11am
Quoting Tony112
ATTENTION 1.3216 has created a medium support, watch this level, an entry could be done with minimal sl.

tony, let me remind you that you wanted to stick to the rules and only trade the 2 openings.
  • #3,837
  • Aug 4, 2010 1:21am Aug 4, 2010 1:21am
I'm game for london open, but with NFP reports looming large for NY open, I'm not too keen on touching that. Who all is going to take a stab at NY?
  • #3,838
  • Aug 4, 2010 1:37am Aug 4, 2010 1:37am
this system is made for NFP methinks. initial huge momentum and all that.

Quoting Leviathan
I'm game for london open, but with NFP reports looming large for NY open, I'm not too keen on touching that. Who all is going to take a stab at NY?
  • #3,839
  • Aug 4, 2010 1:51am Aug 4, 2010 1:51am
My concern is that price will either be stalled out from 8-830 am prior to the release, or it will be wildly lurching back and forth, not only taking out BE stops but causing slippage as well.

I'm wondering what Tony's experience has been with this system on NFP day.
  • #3,840
  • Aug 4, 2010 2:01am Aug 4, 2010 2:01am
2.9 loss on a long
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