New Trading Guide for the New Year (Need Help Testing)

Hello everyone...

I have something that I have been working on for a little while but need some people that can actually put in some time in front of their trading platforms to see this system works, so you will be helping me test this system. Unfortunately, I am unable to put in alot of time. I work fulltime 9 to 6 EST (I get some computer time during this period but not consistently), and have family to spend time with when I am not at work, so not much free time to allow me to test this and do a proper and fair evaluation. So no time during NY open and no time in the evening during Tokyo open. And yes, I sleep during Frankfort and London open. I normally trade longer time frames because of the time restriction I have but this system will be based on 5-minute time frame with confirmation of the 1-hour frame. It will use some indicators as a guide, and price action as your trade trigger.

Is anyone interested in doing some testing and hopefully making some pips along the way??


Please read post #25 through #50 (they are very short) to see rules and examples (live charts) .

Trading Time

First 4 hours of each of the sessions (Britain, US and Japan). DO NOT ENTER just before news releases as that will surely be asking for trouble. You may wish to enter trades just after a news release but never just before a release.

Currency Pairs

EUR pairs (like eur/usd and eur/jpy)during first 4 hours of Frankfort open
GBP pairs (like gbp/usd and gbp/jpy) during the first 4 hours of London Open
USD (like eur/usd and gbp/usd) pairs during first 4 hours of NY open
JPY (like eur/jpy and gbp/jpy) pairs during first 4 hours of Tokyo open

I will post the rules, along with indicators (I found on here and other internet sites) and templates that combine these indicators, with some trade setup examples soon. Let me know the interest level here, and I will gauge it and see if it is worth posting anything additional.

Interest level depends on the method as laid out I am sure, but I am watching

Hi,
I also will be watching.
Ron

What he said plus I am available from the beginning of the new day (Asian) until London Open. I watch LO until US open.

Available for the next three months

watch the break of 108.90 down for 20-30 pips TP

break not happening for now -- cancel order

Thanks Phreddy .. that is the level on interest I am looking for. Will be in touch soon

thanks to all who will be watching... I hope you won't be disappointed

Here is a 5-minute chart of why I think it is going down...

Here is the one hour chart at the same time ...

But to demonstrate what I would look for...

1- CLOSE of candle below the 5-minute minor support (which I didnot wait for in this trade)

2- I am trading past the 4-hour window of the NY open (it is 1:12 PM EST)...

Let's see how this plays out I am shooting for about 30 pips TP and I have 20 pip SL on this one for now... I will generally move the TP and SL as the trade develops ... but that is another story

I have to leave my computer for now (the story of my life) so I am setting up a TS at 10 pips.

Have you posted your trading rules or system anywhere yet?

Not yet Dreamliner... It is a pleasure to have you stop by. I am trying to write something up, but have not had enough time to make something presentable.

The price has moved down 10+ pips now and thus triggered the TS. Now it is a free trade. Take 1/2 off the table

Have you posted your trading rules or system anywhere yet

Waiting