1minute 1 trade

Frank, I use 500GMT to 700GMT to determine bias

short 1.2453 @ 807GMT SL 1.2483 (-5%) TP 1.2372 (+13.5%)
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I had the same signal but entered a few pips later due o differences on my SB account

I will updated my figures on the next post I had a win yest and have had a win today

P

Stick with the times you have ! it works for u

P

Mon
Account £8,566 x 5% = £428 Risk
Win - £1,284
Account £8,994

Tue
Account £10,278 x 5% = £513 Risk
Win - £1,541
Account £11,819

I have set the times at EST and GMT for my area.

I am lost at what times to enter for "Market Open Lines."

Thanks,

Frank

-2.5% SL reached (running total +49% @ 15 sessions)
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Frank just draw them manually.

PeterE

Last 2 days was a great day, both day should win.

I learn a lots in 9 weeks, It has been really good day to learn for last few days for both big US news event also fundamental, How price break out, price action, support and resistance, It looks like tonite will be Short again.

I'm sorry PeterE, I don’t understand.

Is that 500GMT Euro Open and 700GMT London Open?

If so, what about the other opens and closings that the system calls for.

I am confused and have been trying to use the system for a few days.

Thanks,

Frank

short 1.2558 @ 730GMT SL 1.2588 (-5%) TP 1.2468 (+15.5%)
*reducing SL at red news
.

-5% SL reached (running total +44% @ 16 sessions)
.

Mon
Account £8,566 x 5% = £428 Risk
Win - £1,284
Account £8,994

Tue
Account £10,278 x 5% = £513 Risk
Win - £1,541
Account £11,819

Wed
Account £11,819 x 5% = £594 Risk
Loss - £594
Account £11,225

Thu
Account £11,225 x 5% = £561Risk
Loss - £561
Account £10,663

Fri
Account £10,663 x 5% = £533Risk
Win - £1599
Account £12,262

Its moving forward slowly its a fine balance between risk reward and SL placement

P

rough calculation, you are at 600% in 10 trading weeks or 50 sessions
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Just an observation

here is a losing day this week when the EU session is don and the london opens and goes up...not allot you can do

If you look at the Lower low ...Lower Hi counts ( definition of down trend ) it all looked good.

Before our short signal came along we had just had a higher hi technicaly breaking the sequence of our down trend..although in any trend if course this will always happen.

Perhaps this type of signal should be ignore untill the last lower low at 1 is broken again and our down trend resumes ...we then look for our short

In this case it didnt and we take the next long..

Just a thought not a rule change !

another perspective

since you introduced this strategy at FF your account has grown 25% in 5 weeks from 9773 to 12262 (first 5wks = 489% growth, second 5wks = 124% growth....from original 2000 TC)

indicating that the first 5 weeks, pre introducing your strategy to us, were more profitable than the most recent 5 weeks

considering your 600%, i thought perhaps smaller SL and TP is more profitable, but having assessed the first 5 weeks against the second 5 weeks, as well as my own application of your strategy over the past 5 weeks or so (44%), not yet convinced about smaller stops

that said, you provide me with the results for the tighter stop strategy, which is a handy comparison

hope that's not too convoluted

short 1.2465 @ 922GMT SL 1.2495 (-5%) TP 1.2375 (+15%)
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you remind me of my old trading partner ..

he was a record keeper I wasnt its my biggest flaw I just trade

I understand your reasoning about the stops ..it could well be 100pips away from the actual fill we get as long as its 5% of our account and we book 15% then thats fine but that would require a 300pip move..

Im thinking more along the lines of

A - The initial entry is not accurate enough
B - We need to look further at potential movemnet when London opens in relation to what Europe has done or indeed Asia and Europe has done

For me it needs to be mechanical and logical

Its a tough one

But not complaining ..one thing though as the stakes get bigger 1 trade has to be split amongst 2 or 3 spread betting companies that makes my life hectic in that 1 min .. 5min is just to long I think as trading opportunities may pass its a pity we cant have a 3min chart I used nothing but when I trade index Futures but that was on a different plateform

P

i'm thinking if you (and me to!), can make 600% each 10 week period,.........just leave things as they are