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High & Low 8 Hours (GBP/JPY)

  • #3,041
  • Apr 13, 2011 7:58pm Apr 13, 2011 7:58pm
Buy 136,57
Sell 136,00
  • #3,042
  • Apr 13, 2011 8:00pm Apr 13, 2011 8:00pm
Hey guys I have FXCM US and I have:

Buy 136.70
Sell 135.99

Is this what everyone is showing.

Thanks
  • #3,043
  • Apr 13, 2011 8:11pm Apr 13, 2011 8:11pm
Quoting Nicotina
Buy 136,57
Sell 136,00
Sell order trigered.

Long(Buy) pending order removed.
  • #3,044
  • Edited Apr 14, 2011 7:22am Apr 13, 2011 9:24pm | Edited Apr 14, 2011 7:22am
Quoting FukuokaFX
Sell order triggered.

Long(Buy) pending order removed.
30 pips in profit, moved the SL to BE to stay safe
  • #3,045
  • Apr 13, 2011 10:04pm Apr 13, 2011 10:04pm
Hi all,
Have been doing some backtesting this seems good I will be following this with interst from now on.
Thanks for sharing with us all
  • #3,046
  • Apr 13, 2011 11:03pm Apr 13, 2011 11:03pm
Quoting FukuokaFX
30 pips in profit, moved the SL to BE to stay safe
Stopped out at BE. The sell order was good for +40pips, Just was greedy and trying to get more.
The supposed to be SL 136.500 is not hit yet atm.
  • #3,047
  • Edited 7:21am Apr 14, 2011 6:29am | Edited 7:21am
Second sell order( same 136.00) triggered and decided to close with + 50 pips profit.
  • #3,048
  • Apr 14, 2011 7:39pm Apr 14, 2011 7:39pm
Quoting Nicotina
Dukascopy
Hi Nicotina,

First of all, many thanks for sharing this method I use Dukascopy as well, but I think the time for hi-lo is 17.00-01.00 Dukas's time isn't it?

cheers...
  • #3,049
  • Apr 14, 2011 7:58pm Apr 14, 2011 7:58pm
Buy 137,08
Sell 136,15
  • #3,050
  • Apr 14, 2011 8:00pm Apr 14, 2011 8:00pm
Quoting a2xm
Hi Nicotina,

First of all, many thanks for sharing this method I use Dukascopy as well, but I think the time for hi-lo is 17.00-01.00 Dukas's time isn't it?

cheers...
Yes!
  • #3,051
  • Apr 15, 2011 9:15am Apr 15, 2011 9:15am
Hi guys,

Today is the 1st time I use this method. Just closed it for +30 pips. Not bad for a beginner I don't like the PA since it is Friday.

Hi Fukuoka, how is your trade today? Thanks for your help though
  • #3,052
  • Apr 15, 2011 9:43am Apr 15, 2011 9:43am
Hi

I am new to this thread, I see this has been running for a few years now. Can anybody who is using the system successful please let me know what the latest statergy is?

Thanks

WFX
  • #3,053
  • Apr 15, 2011 4:06pm Apr 15, 2011 4:06pm
I closed ror 15 pips saw the resistance maybe I could have got more but bears and bulls make money not pigs LOL
  • #3,054
  • Apr 15, 2011 4:12pm Apr 15, 2011 4:12pm
Hi Nicotina,
This seems to work well if you watch during the day and take profits at resistance have you thought of moving the stop to break even at some profit level and letting the the trade run you would not get as many wins but it would be easier than watching all day?
  • #3,055
  • Apr 15, 2011 7:50pm Apr 15, 2011 7:50pm
It was a fairly geat week with this system as the trend was down for the pair.
I could grab +40pips on Friday.

Weekly results

Monday +35 pips

Tue. +100 pips

Wed. - 100 pips

Thu. +50 pips

Fri. +40 pips

Total +125 pips for the week.

Thanks Nicotina and all guys here.
  • #3,056
  • Apr 16, 2011 2:14am Apr 16, 2011 2:14am
Quoting FukuokaFX
It was a fairly geat week with this system as the trend was down for the pair.
I could grab +40pips on Friday.

Weekly results

Monday +35 pips

Tue. +100 pips

Wed. - 100 pips

Thu. +50 pips

Fri. +40 pips

Total +125 pips for the week.

Thanks Nicotina and all guys here.
Good job! This strategy looks simple enough for an EA to be created. Can someone do this (as I'm not a programmer)? TIA!
  • #3,057
  • Apr 16, 2011 3:42am Apr 16, 2011 3:42am
Quoting FukuokaFX
It was a fairly geat week with this system as the trend was down for the pair.
I could grab +40pips on Friday.

Weekly results

Monday +35 pips

Tue. +100 pips

Wed. - 100 pips

Thu. +50 pips

Fri. +40 pips

Total +125 pips for the week.

Thanks Nicotina and all guys here.
Would results have been better or worse if u had followed Nicotina's rules?
  • #3,058
  • Apr 16, 2011 6:39am Apr 16, 2011 6:39am
Quoting Ph22
Would results have been better or worse if u had followed Nicotina's rules?
Smart question
I did a backtest for last week and it'd been like this

Monday +33 pips
(one SL triggered -50 pips and the second sell order +88 pips if we close the position at 2:00GMT)

Tue. +100 pips

Wed. - 100 pips

Thu. - 100 pips

Fri. +82 pips open position carrying to next trading week.(risky)

Total of +115 pips
  • #3,059
  • Apr 16, 2011 6:52am Apr 16, 2011 6:52am
Quoting fukuokafx
smart question
I did a backtest for last week and it'd been like this

monday +33 pips
(one sl triggered -50 pips and the second sell order +88 pips if we close the position at 2:00gmt)

tue. +100 pips

wed. - 100 pips

thu. - 100 pips

fri. +82 pips open position carrying to next trading week.(risky)

total of +115 pips

33+100+82 = 215 -100-100 =15
  • #3,060
  • Apr 16, 2011 6:56am Apr 16, 2011 6:56am
Quoting FukuokaFX
(second sell order +88 pips if we close the position at 2:00GMT)


Nicotina's rules say
"Closes orders manually only at the end of the day (18:00 GTM)."


Fri. +82 pips open position carrying to next trading week.(risky)

Nicotina's rules say
"Closes orders manually only at the end of the day (18:00 GTM)."
so I read this as no trades held over weekend.
I think I am interpreting the rules correctly.
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