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  • #4,621
  • Nov 17, 2010 1:08am Nov 17, 2010 1:08am
Quoting sk2000sg
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.


3am est time for London and 8 am east time for ny... have to make sure everything is synchronized
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  • #4,622
  • Nov 17, 2010 1:10am Nov 17, 2010 1:10am
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....

use #1 only... it's the best, it would be too long to explain why, it took me 8 years to figure it out... set your sl tight, and TP on long range... restore some pips and be patient, TP should range between 120-300 pips min, sl 2 pips max
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  • #4,623
  • Nov 17, 2010 2:09am Nov 17, 2010 2:09am
fail
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  • #4,624
  • Nov 17, 2010 8:53am Nov 17, 2010 8:53am
Quoting Tony112
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
Hey Tony

thanks for your reply.

So you mention initial direction - if the candle goes up you go long right?

But then you mention "it has to be at least 2 pips on its way".

If the 1st candle is green (long) for example, but only 0.5 pips... what do you do? Do you then wait for a 2 pip candle either up or down?

Quoting Tony112
i can't see where you entered sorry
I entered at Number 1, as the initial direction was down - and I got stopped out. However I also then looked for a >2 pip candle and would have still been stopped out.

Was trying to see if I got the way of 'thinking' correct and it was just a failed trade or if I was doing something wrong.


So if I can get this straight.....

1) Trade in the direction of the initial candle - when the candle opens if it goes up slightly then go Long (and vice versa).

2) If that makes a horizontal line (no movement) do you;
-a) Wait for the next direction of a candle after that?
-b) Wait for a candle >2 pips and trade in that direction?


Thanks for taking your time to answer my questions Tony, much appriciated.
  • #4,625
  • Nov 17, 2010 9:13am Nov 17, 2010 9:13am
LO & NY fail
  • #4,626
  • Nov 18, 2010 1:43pm Nov 18, 2010 1:43pm
I'm sorry for the dumb question, but I cannot figure it out! I know you know the money management side could you please explain something to me real quick.. I love the idea of 2 pip stop, but I don't fully understand how this helps you.

Since your using such a small stop that means your pip is worth more on each pip correct? I don't understand how you do this though (I come from stocks)

Could you give me an example of how to figure out how to get the biggest pip size with solid money management (2% risk / trade) What's the math to do that? It has completely confused me!!

Thanks a lot! Joe
  • #4,627
  • Nov 18, 2010 6:01pm Nov 18, 2010 6:01pm
using the big 'O' allows us to set the amount of our funds to be used as a percentage of the total. The program self calculates from there. This is Tonys pic from earlier in the thread.

OANDA SETTINGS TONY.bmp
[IMG]file:///C:/DOCUME%7E1/shrylly1/LOCALS%7E1/Temp/moz-screenshot-1.png[/IMG][IMG]file:///C:/DOCUME%7E1/shrylly1/LOCALS%7E1/Temp/moz-screenshot-2.png[/IMG]
Attached Image
  • #4,628
  • Nov 18, 2010 6:41pm Nov 18, 2010 6:41pm
Quoting fornitus
using the big 'O' allows us to set the amount of our funds to be used as a percentage of the total. The program self calculates from there. This is Tonys pic from earlier in the thread.

OANDA SETTINGS TONY.bmp
[IMG]file:///C:/DOCUME%7E1/shrylly1/LOCALS%7E1/Temp/moz-screenshot-1.png[/IMG][IMG]file:///C:/DOCUME%7E1/shrylly1/LOCALS%7E1/Temp/moz-screenshot-2.png[/IMG]
That's wonderful to know! Thank you!
  • #4,629
  • Nov 19, 2010 12:38am Nov 19, 2010 12:38am
i also trade the five second charts. i prefer to use a breach of the 144 Bollinger Bands however as i find this can allow me to find setups all day long. i was hoping to start a thread but can't because of my newbie status. here is a chart:
Attached Image (click to enlarge)
Click to Enlarge Name: chart 1.jpg Size: 480 KB
  • #4,630
  • Nov 19, 2010 1:23am Nov 19, 2010 1:23am
Quoting Tony112
floater
Hi Tony!

First I want to thank you for your hard work and your fantastic method.
I am watching your thread since around 1 year and I trade your method also since around 6 month, but I have to say that I started with it, stopped it and started again some times. Around 6 weeks ago I started again, because I like your method of small stops and big take profits and I trade such methods. In the last 6 weeks I made around 500% and thats really nice, ok I have to say that I made 1/3 with another method, but your method is really great.
I have a question about your stops, because some time ago you said that you try to set your stop to 0 as fast as possible, but I saw in your last screenshots, that you have sometimes 10-20 pips and you don't set your stop to 0, I also saw that you made sometimes 10-20 pips, price came back and you were stopped out with the -1,5 pips plus spread!
Don't you set your SL to 0 after 2-5 pips? I know that we are stoped out more often, but the question is, what makes more sense for you, after 2-3 years of trading your method? Sorry but there is once a question, I read some time ago, that you trade the open when price goes 1 pip up or down at the open, now I saw that you trade when price goes up or down for 2 pips at the open. Did you change that also?
Thanks again for your fantastic method!
Regards Erkro
  • #4,631
  • Nov 19, 2010 2:09am Nov 19, 2010 2:09am
floating at around 6 for now, very successful entry tonight
Attached Image (click to enlarge)
Click to Enlarge Name: 11.JPG Size: 26 KB
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  • #4,632
  • Nov 19, 2010 2:13am Nov 19, 2010 2:13am
Quoting erkro
Hi Tony!

First I want to thank you for your hard work and your fantastic method.
I am watching your thread since around 1 year and I trade your method also since around 6 month, but I have to say that I started with it, stopped it and started again some times. Around 6 weeks ago I started again, because I like your method of small stops and big take profits and I trade such methods. In the last 6 weeks I made around 500% and thats really nice, ok I have to say that I made 1/3 with another method, but your method is really great.
I have a question...
Hi Erko, I know you've been around since I see your name here. 0SL isn't applied recently because of some extra profits I got a few months ago... I'm giving it a chance these days, I don't mind losing 2 pips.... the best way to do it is like on the rules page, no1 post. On the open it's mostly 2 pips for me to decide the directions, either way my friend... the success lies in small SL and large TP, like 300 pips TP for example.... I also use pip restoring method (not listed here) to get back a lost pip, I have nothing to lose to be honest.
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  • #4,633
  • Nov 19, 2010 2:16am Nov 19, 2010 2:16am
floating at 8
  • #4,634
  • Nov 19, 2010 2:18am Nov 19, 2010 2:18am
Quoting Add
floating at 8


set and forget, don't apply emotions on this... you have to be as square as a chart
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  • #4,635
  • Nov 19, 2010 2:20am Nov 19, 2010 2:20am
sell euro, the euro is under great danger
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  • #4,636
  • Nov 19, 2010 2:23am Nov 19, 2010 2:23am
I am just a machine that presses the button.
  • #4,637
  • Nov 19, 2010 2:27am Nov 19, 2010 2:27am
Quoting Add
I am just a machine that presses the button.

LOLLLLLL ( oups sorry I'm not supposed to laugh ) I forgot I was a programmed mouse presser device
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  • #4,638
  • Nov 19, 2010 2:30am Nov 19, 2010 2:30am
  • #4,639
  • Nov 19, 2010 2:32am Nov 19, 2010 2:32am
looks like we're heading for a little trend break... how many times will we assist to this kind of disaster, floating at 11
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  • #4,640
  • Nov 19, 2010 2:47am Nov 19, 2010 2:47am
fail, after 47 minutes into London
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