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Central Banks & Big Players

  • #5,221
  • Feb 6, 2011 6:47am Feb 6, 2011 6:47am
Hi Tony,

I'm looking at trying to get better odds on the direction for the open based on the previous nights PA, I'm seeing some success with GBP|USD but the EUR isn't playing. Looking back over historic charts I can work out a good average monthly gain on GBP and the chance to ride the trend for most of the day, but it can be disheartening to see it bounce straight off the SL again and again.

Don't give up on the opens - there's gold in them there hills! I think we just need a few more people with spades...


dave.
  • #5,222
  • Feb 7, 2011 1:33am Feb 7, 2011 1:33am
Quoting Tony112
who wants to switch for 8+ pip candle entries on the 5 sec chart?
Hi Tony. Nice to see you're still around. I've stuck with the 8+ pip candle system that you originally came out with. I've been fine tuning this for the past 8 months and absolutely believe that this works.

There are a few filters that I believe are key to distinguishing which 8+ pip candles will work but on the whole, your original system still works.
  • #5,223
  • Feb 7, 2011 3:20am Feb 7, 2011 3:20am
Quoting stinger88
Hi Tony. Nice to see you're still around. I've stuck with the 8+ pip candle system that you originally came out with. I've been fine tuning this for the past 8 months and absolutely believe that this works.

There are a few filters that I believe are key to distinguishing which 8+ pip candles will work but on the whole, your original system still works.

Wow! it really feels good to see you around soldier That is what originally put me in a new car... Here is an almost live shot of what happened a few seconds ago... too bad I had my eyes half closed when I saw this. I didn't know you kept faith in this dude!
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Invest in alarm clocks
  • #5,224
  • Feb 7, 2011 3:23am Feb 7, 2011 3:23am
Let us know about the filters!.. I believe the best 8+ pip candles are right after opens and during speeches and presses

1. opens
2. speeches
3. presses
4. AFTER news
Invest in alarm clocks
  • #5,225
  • Feb 7, 2011 3:24am Feb 7, 2011 3:24am
I'm monitoring from 4 to 5 and going back to bed to wake up at 8 after..
Invest in alarm clocks
  • #5,226
  • Feb 7, 2011 3:26am Feb 7, 2011 3:26am
I have a collection of about 250 successful (8 pip candles) saved on my pc:nerd:
Invest in alarm clocks
  • #5,227
  • Feb 7, 2011 5:34am Feb 7, 2011 5:34am
possible news opportunity?
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Invest in alarm clocks
  • #5,228
  • Feb 7, 2011 5:35am Feb 7, 2011 5:35am
stay tuned for major "ECB President Trichet Speech" at 9am est
Invest in alarm clocks
  • #5,229
  • Feb 7, 2011 3:17pm Feb 7, 2011 3:17pm
Quoting Tony112
I have a collection of about 250 successful (8 pip candles) saved on my pc:nerd:
Tony,
When you say successful, do you include 0SL's in the 250 or are these all long gainers? What kind of TP are you going for after an 8 pip candle? thanks
  • #5,230
  • Feb 8, 2011 9:06am Feb 8, 2011 9:06am
Professional news trading with 0.9 spread. Same technique 0SL, don't hate, same concept as initial rules.
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Invest in alarm clocks
  • #5,231
  • Feb 8, 2011 9:07am Feb 8, 2011 9:07am
Floating at 21.. tp: 666 screw it
Invest in alarm clocks
  • #5,232
  • Feb 8, 2011 9:08am Feb 8, 2011 9:08am
isn't money root of all evil no?
Invest in alarm clocks
  • #5,233
  • Feb 8, 2011 9:25am Feb 8, 2011 9:25am
floating at 30 pips
Invest in alarm clocks
  • #5,234
  • Feb 8, 2011 3:53pm Feb 8, 2011 3:53pm
sick with the norwalk virus. be back soon.
  • #5,235
  • Feb 10, 2011 7:55pm Feb 10, 2011 7:55pm
douchebag epic win
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Invest in alarm clocks
  • #5,236
  • Feb 11, 2011 7:49pm Feb 11, 2011 7:49pm
Quoting Tony112
douchebag epic win
what candles are you using now Tony?
Don't stop believing
  • #5,237
  • Feb 13, 2011 5:07am Feb 13, 2011 5:07am
Quoting Tony112
I'm monitoring from 4 to 5 and going back to bed to wake up at 8 after..
Hi Tony,
I have some questions about your trading with the 8 pc system:
1. You wrote in post 5225 that you are monitoring from 4 to 5 then going back to bed to wake up at 8 ..... Don't you monitor from EU open at 03:00?
2.Do you use the same initial stop of 1,5 pips (or more), I mean the preset at oanda, or do you set your stop after you set your trade?
3. Did you completely stop your open trading method? I think it would be easier and we would only need a few minutes per day? The question is if it will work over the long run?

Does anybody have any statistics how many opens were epic wins over the last years? I saw the last year, but I think we need at least 5 years or more!


Erkro
  • #5,238
  • Feb 14, 2011 2:30am Feb 14, 2011 2:30am
This is one of the most beautiful things I have seen since I started trading
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Invest in alarm clocks
  • #5,239
  • Feb 14, 2011 2:33am Feb 14, 2011 2:33am
Quoting erkro
Hi Tony,
I have some questions about your trading with the 8 pc system:
1. You wrote in post 5225 that you are monitoring from 4 to 5 then going back to bed to wake up at 8 ..... Don't you monitor from EU open at 03:00?
2.Do you use the same initial stop of 1,5 pips (or more), I mean the preset at oanda, or do you set your stop after you set your trade?
3. Did you completely stop your open trading method? I think it would be easier and we would only need a few minutes per day? The question is if it will work over the long run?...

Hi Erkro,

1. start looking after 3 am and 8 am NY time
2. 1.2 SL is fine, bring it to 0SL after the price runs away
3. I didn't stop trading the exact open, it's still profitable but markets change
Invest in alarm clocks
  • #5,240
  • Feb 14, 2011 2:38am Feb 14, 2011 2:38am
Are we starting to stack our chips or WHAT?



Quoting Tony112
This is one of the most beautiful things I have seen since I started trading
Annoying Precision
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