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  • #4,601
  • Nov 12, 2010 12:59am Nov 12, 2010 12:59am
Awesome guys, nice result.

Just wanted to clarify... on a 5 second chart... I wait for it to close?

So if the 5 second candle closes up I go Long and if it closes down I go Short?

Sometimes it does both (NY) and wasn't sure 100% on the direction to chose.

Trying to get the timing correct on it, London worked though.
  • #4,602
  • Nov 12, 2010 2:54am Nov 12, 2010 2:54am
still hold +40 pips LO...a good day
  • #4,603
  • Nov 12, 2010 3:34am Nov 12, 2010 3:34am
Tony, kindly share me your opinion about Euro-Dollar move in friday
  • #4,604
  • Nov 12, 2010 8:27am Nov 12, 2010 8:27am
Quoting Add
Hi Tony
120 pips from yesterday londen open.
over and over again.... this year we witnessed it about 15 times I think.... this year could have made me a millionaire if I would have been on time every open...
Invest in alarm clocks
  • #4,605
  • Nov 12, 2010 1:14pm Nov 12, 2010 1:14pm
Tell me guys, do you move the 2pip stop loss manually or is it posible to do it automatically on oanda. I wish it was posible with mt4.
  • #4,606
  • Nov 13, 2010 3:26am Nov 13, 2010 3:26am
Quoting Saintsurfer
Tell me guys, do you move the 2pip stop loss manually or is it posible to do it automatically on oanda. I wish it was posible with mt4.
Sure I know myself that it is posible also with mt4 brokers if its ECN, but usually the spread plus comisions is more then ONE dollar for 0.1 size as example. My broker is quait good as it has 1pip spread but the minimal distance to move the sl is 5 pips, nothing new.
  • #4,607
  • Nov 13, 2010 11:32pm Nov 13, 2010 11:32pm
Hi Tony,

As a long time lurker of this thread, i have to pop up to congratulate to your success of recent entry. It is a trader dream to have triple gain in less than 6 days.

However, it seems there are variant entry in this system,

1. At London and NY open, wait for first bid, if it rise, go long, fall, go short.
2. At London and NY open, wait for 5 sec candle close, then trade on this candle direction.
3. Any time later than London or NY open, wait for a big candle more than 8 pip or 10pip, trade the direction of this candle.

May I ask for your clarification on what method you are currently using?

Thanks, -Henry
  • #4,608
  • Nov 13, 2010 11:34pm Nov 13, 2010 11:34pm
Quoting henryloving
Hi Tony,

As a long time lurker of this thread, i have to pop up to congratulate to your success of recent entry....
yes, what method would that be?
  • #4,609
  • Nov 14, 2010 2:26am Nov 14, 2010 2:26am
Hi Tony,

Thks for sharing trading method.. Im living at Asia using Oanda platform, could you advise the opening time show on your Oanda on London and NY opening on current winter time saving...

thks for sharing.
  • #4,610
  • Nov 14, 2010 11:31pm Nov 14, 2010 11:31pm
hi
there is no information on page 180 or 181.
regards
fred
  • #4,611
  • Edited 1:56am Nov 15, 2010 1:06am | Edited 1:56am
Its not just a page, its the entire thread that has the information.



How you doing Tony?

Edit: SL Hit for Frankfurt.
  • #4,612
  • Nov 15, 2010 2:07am Nov 15, 2010 2:07am
floater
Attached Image (click to enlarge)
Click to Enlarge Name: 164.gif Size: 28 KB
Invest in alarm clocks
  • #4,613
  • Nov 15, 2010 2:12am Nov 15, 2010 2:12am
I'm with you Tony. floating +15.

Just want to confirm how you entered this trade? 0-5 sec candle wasn't 'enough' and went on the larger candle.

Can you clarify the method please?

Doing well so far, will buy you a drink if you come over to London

Thanks
  • #4,614
  • Nov 15, 2010 2:16am Nov 15, 2010 2:16am
Quoting Tony112
floater
Thks Tony,

Same screen as mine, enter 1 sec late, currently floating profit 12 pips..
  • #4,615
  • Nov 15, 2010 2:24am Nov 15, 2010 2:24am
realy it needs oanda to trade this method, my broker showed me an up tick at the open. but it is down on oanda
  • #4,616
  • Nov 15, 2010 2:29am Nov 15, 2010 2:29am
Quoting Saintsurfer
realy it needs oanda to trade this method, my broker showed me an up tick at the open. but it is down on oanda
It can be done on other brokers too. I know what you mean, the 0-5 second candle was up... thats why it would be good to know if Tony waits any time after the open for a decent amount of pip candle (i.e; min of 2 pip candle in one direction, then trade in that direction).

Any advice Tony?

Looking @ First post it says direction of the 01 second candle... which was up... however we shorted rather than Long. My instinct was to wait for a larger candle (as it was 0.2 pips or so) - is this the correct way or is there another reason you took the short trade?
  • #4,617
  • Nov 15, 2010 3:41pm Nov 15, 2010 3:41pm
Quoting Tony112
floater
Tony, in your image what made you not trade in the direction of the first candle but trade on the 3rd candle instead?

Was it;
a) Too Small Pips, (must be min. 2 pip to indicate trend)
b) or is there another reason?

I also see you 2nd attempt due to gambling lol, what is it that changes your mind in direction (what do you look for?)

Thanks Tony... putting effort into this strategy, hope you can answer some of my questions
  • #4,618
  • Nov 16, 2010 2:28am Nov 16, 2010 2:28am
Stopped out London, Tony is this correct? (See Pic)

http://img440.imageshack.us/img440/7417/16nov.png
  • #4,619
  • Nov 17, 2010 12:58am Nov 17, 2010 12:58am
Quoting JayFX
I'm with you Tony. floating +15.

Just want to confirm how you entered this trade? 0-5 sec candle wasn't 'enough' and went on the larger candle.

Can you clarify the method please?

Doing well so far, will buy you a drink if you come over to London

Thanks


hey hey well I enter on the initial direction of the open, it has to be at least 2 pips on its way for me to enter
Invest in alarm clocks
  • #4,620
  • Nov 17, 2010 12:59am Nov 17, 2010 12:59am
Quoting JayFX
Stopped out London, Tony is this correct? (See Pic)

http://img440.imageshack.us/img440/7417/16nov.png
i can't see where you entered sorry
Invest in alarm clocks
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