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  • #3,901
  • Aug 4, 2010 4:37pm Aug 4, 2010 4:37pm
Quoting jedlanca
Congrats for that trade . But, I got a question:

Attached you can see my EURUSD 1M chart of today. I am in IBFX, GMT time, thus, 13 GMT is 8 EST. According to my broker´s 1M bar, the open price of today´s NY session was 1.32051 and the "one pip" I had to wait to know today's direction, was 1.32041. That meant short.

In the best moment of that chart, I would had been 6 pips in profit (minus spread). I imagine that, by that moment, I should had a -0.5 SL. With the bull bars that followed, I should had been out of the market at about 8:06 EST....
I figured out the problem. I took a quick look back at my chart and compared it to yours. What you posted occured at 9 am est, not 8 am. Recheck with your broker for their GMT offset and tomarrow make sure it's 3 am and 8 am eastern when you try this.
  • #3,902
  • Aug 4, 2010 6:31pm Aug 4, 2010 6:31pm
Quoting jedlanca
Congrats for that trade . But, I got a question:

Attached you can see my EURUSD 1M chart of today. I am in IBFX, GMT time, thus, 13 GMT is 8 EST. According to my broker´s 1M bar, the open price of today´s NY session was 1.32051 and the "one pip" I had to wait to know today's direction, was 1.32041. That meant short.

In the best moment of that chart, I would had been 6 pips in profit (minus spread). I imagine that, by that moment, I should had a -0.5 SL. With the bull bars that followed, I should had been out of the market at about 8:06 EST.

My...
i am also using ibfx. i think the new york time should be 1200 on ibfx chart
  • #3,903
  • Aug 4, 2010 10:01pm Aug 4, 2010 10:01pm
Quoting haventaclue
I cant trade NY because i am at work, but congrats to all today for the EPIC WIN at NY open

PS: Tony good to see the DISCO BALL out again

yup it's the epic win disco ball LOLLL
Invest in alarm clocks
  • #3,904
  • Aug 4, 2010 10:04pm Aug 4, 2010 10:04pm
Im still in the trade dudes... I don't think I'm gonna make it for next London and NY open....
Invest in alarm clocks
  • #3,905
  • Aug 4, 2010 10:05pm Aug 4, 2010 10:05pm
Quoting calvk81
i am also using ibfx. i think the new york time should be 1200 on ibfx chart
Quoting Leviathan
I figured out the problem. I took a quick look back at my chart and compared it to yours. What you posted occured at 9 am est, not 8 am. Recheck with your broker for their GMT offset and tomarrow make sure it's 3 am and 8 am eastern when you try this.
Thanks to both of you! You are right... My mistake was that I thought that London's time was the same as GMT's hehe. As IBFX is GMT, and London is GMT+1, the difference between "The City" and NY are 5 hours. Thus, 8 EST+5 is 13 in London! And, of course, I looked for that time in my GMT broker.

Now that I look at the right place, 12 oclock IBFX time, it was indeed a very nice fall.

My question now is: What kind of Trailing Stop you use for cases where prices go beyond 10 pips of profit (at this point, I understand we should have our SL at BE, if we are aggresive in our trading)?

Jed
  • #3,906
  • Aug 4, 2010 11:25pm Aug 4, 2010 11:25pm
Quoting jedlanca
My question now is: What kind of Trailing Stop you use for cases where prices go beyond 10 pips of profit (at this point, I understand we should have our SL at BE, if we are aggresive in our trading)?
As far as I know, there is NO trailing stop in this system : you win 140 pips or nothing!
  • #3,907
  • Aug 5, 2010 1:42am Aug 5, 2010 1:42am
Bravo Tony.
For me, the most difficult of your system is emotional, is not the entry, is not to move to BE as soon as possible in order to have a 0SL free ride, for me IS to let the trade open till you have 140 TP, not close the trade in 80 TP, this is the most difficult for me.

Congratulations.

Maybe in the future, I´m like you, I´ll practice.....
  • #3,908
  • Aug 5, 2010 1:54am Aug 5, 2010 1:54am
Still in from ny open floating 100pips floating. So no trade for london open today for me.
  • #3,909
  • Aug 5, 2010 2:01am Aug 5, 2010 2:01am
-3 on short
  • #3,910
  • Aug 5, 2010 2:02am Aug 5, 2010 2:02am
same

i hate myself for yesterday
  • #3,911
  • Aug 5, 2010 2:03am Aug 5, 2010 2:03am
I was long off LO!?!? -3 still though!
  • #3,912
  • Aug 5, 2010 2:03am Aug 5, 2010 2:03am
A problem with oanda connection, couldn´t trade....it was a short, -2 SL.....
  • #3,913
  • Aug 5, 2010 2:03am Aug 5, 2010 2:03am
London Open - went long stop @BE
  • #3,914
  • Aug 5, 2010 2:04am Aug 5, 2010 2:04am
Long, out at +2. Would still be in the trade but slippage put my entry at 1.31270 instead of 1.31250. Should have left it at BE but wanted to make back my -2 from yesterday. Ah well. There's still a good amount of sell pressure for Tony and the lucky ones from yesterday. Good luck you guys.

For those that went short, it didn't look like a full pip down to me so I went long when it pulled back immediately. You guys have itchy trigger fingers!
  • #3,915
  • Aug 5, 2010 2:05am Aug 5, 2010 2:05am
if you were long, you shd be sitting pretty!!!!

my first 1pip candle was red.
Quoting DanUK
I was long off LO!?!? -3 still though!
  • #3,916
  • Aug 5, 2010 2:06am Aug 5, 2010 2:06am
Quoting DanUK
I was long off LO!?!? -3 still though!
Ah I see what I did... cocked up again! I seem to be loosing my ability to trade 5 second charts!!! I traded at 8:01 not 8:00... what an idiot!
  • #3,917
  • Aug 5, 2010 2:08am Aug 5, 2010 2:08am
I went long also but not by mistake...

First bar was short but i sometimes wait for a confirmation bar on 2/3rd bar..

When i seen next bar LONG - 3 pips Vs Short bar 1 pip - i went long...

That is why this system cant be EA coded....
  • #3,918
  • Aug 5, 2010 2:09am Aug 5, 2010 2:09am
it was. open at 1.31244 close at 1.31234. high and low at same.



Quoting Leviathan
Long, out at +2. Would still be in the trade but slippage put my entry at 1.31270 instead of 1.31250. Should have left it at BE but wanted to make back my -2 from yesterday. Ah well. There's still a good amount of sell pressure for Tony and the lucky ones from yesterday. Good luck you guys.

For those that went short, it didn't look like a full pip down to me so I went long when it pulled back immediately. You guys have itchy trigger fingers!
  • #3,919
  • Aug 5, 2010 2:10am Aug 5, 2010 2:10am
long and out at BE
meine augen sind die sterne
  • #3,920
  • Aug 5, 2010 2:11am Aug 5, 2010 2:11am
Out @ BE ah well

NFP tomorrow - anyone trading opens?
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