EUR/JPY Pairs- straddle Tokyo Open

Quoting cgrey

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I left Forex Factory several months ago, but have seen that this thread was recently resurrected....

I've been trading based on the parameters I presented earlier in this thread every day for over a year. The one account I have it trading automatically on (using an EA that I wrote) has grown by around 40% in that year. Worst month was around a 6% loss, Novermber or December of 2009, I think.

I briefly tried other pairs, but E/J has proven to be consistent - no other pair I've tried (all the majors and a few others) was able to consistently profit...

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Quoting cgrey

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I left Forex Factory several months ago, but have seen that this thread was recently resurrected....

I've been trading based on the parameters I presented earlier in this thread every day for over a year. The one account I have it trading automatically on (using an EA that I wrote) has grown by around 40% in that year. Worst month was around a 6% loss, Novermber or December of 2009, I think.

I briefly tried other pairs, but E/J has proven to be consistent - no other pair I've tried (all the majors and a few others) was able to consistently profit...

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Quoting veryspecial1

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Hallo Bazza,
Have you tried this system with other pairs such as GBP/JPY, GBP/USD, EUR/USD etc ?
Appreciate your comments about this
Thank you very much for sharing this thread.

Happy trading
veryspecial1

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Quoting CashBox

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Hi Cgrey,
i traded it for the first time last night and again tonight. went long on 3 lots, closed one at 20 pips, one at 30 pips and the other one was still on with a goal of 100 pips. sadly, it was in demo, but it did work and a positive trade is always nice to see.

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Quoting bazza

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E/J trends well, even well into the late London session, the place to catch it is from about 7am Sydney time, but when your on it, it trends well.

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Quoting bazza

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E/J trends well, even well into the late London session, the place to catch it is from about 7am Sydney time, but when your on it, it trends well.

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Quoting bazza

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Add spread & buffer of about 7 pips.

You can also straddle candle 22gmt ( immediatly prior Tokyo open) or candle gmt 23 ( Tokyo open & 1 hr prior Singapore open)

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Quoting Forest-Sea

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Bazza and followers . . .

I really like straddles [let the market decide where to go . . . I'll go with it] and the time of day on this fits my situation. The sheer longevity of this forum says there is something good here.

I'm going to put a small amount of real money on starting next week.

With respect to the success of cgrey, I think I will be looking for the TP of no more than 50 and the TS of 25.

Also like the approach of legging out at +20 then + maybe 35 and letting one go. We'll see.

My back test certainly says profitable. Let's...

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Quoting bazza

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E/J trends well, even well into the late London session, the place to catch it is from about 7am Sydney time, but when your on it, it trends well.

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Quoting bazza

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Hi Very special1,
I have found that E/J very consistant, I too, am in Australia, & I find trading Asian session suits me best, E/J on Au brokers during Asia, spreads are good. A friend sold me a very good trade executer for MT4, but to give details is agains FF rules, but give me a pm, I will put you in touch with him,
Bazza

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Quoting Dreamliner

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Straddle the candle that begins at 2200 GMT and ends at 2300 GMT. That's 6:00 PM to 7:00 PM EST.

That means put a buy stop at the high of the candle and a sell stop at the low of the candle.

Target is 100, stop loss is the other side of the candle.

Yesterday the long was triggered, and 1 hour after entry I moved stop loss to break even and canceled the short. Market went up about 85 pips, didn't quite make target then came down and stopped out for a break even trade.

Hope that helps.

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Quoting chemfly

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look at 22:00gmt candle,only the H/L with this candle,long or short by this candle also...


now last 22:00gmt candle was closed ,and it's H=130.82 L=130.44 ,hope its can help..

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Quoting bazza

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you say the Markets were slow, well, thats Markets. As I am in Sydney, I trade 2 hours prior Tokyo Open & up till an hour afterwoods, It is 8am-11am Sydney time which is good for me, leaves my evenings when London opens free.

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Quoting whatfx

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hi bazz

has there been any updates to your original method ? i.e. any changes ? could you please re-write the method now including all changes, in a simple form ?

what success have you been having with it ? and can you post the results for the past few months.

iam based in london. so i would look at the hourly candle at 00.00 midnight london time (which is 23 gmt) - this is 6.00 am est. and then straddle that. is that correct ?


is the other method of choosing the high or low of the total of the 23.00 and 00.00 candles, described by another...

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Quoting whatfx

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at point do you actually enter trade ? is it if either the low/high of the 23.00 gmt candle is broken ?

you say there is a lot of activity at this time because of tokyo open. but last night at 00.01 midnight (london time), which i gather is 23.00 gmt, and the time of tokyo open, there was hardly any movement. in fact the eur/jpy was much slower than it was during the daytime.

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