1st Frankfurt Trade stopped out this morning.
Entry - 22893
Stop - 22847
TP - 23031
Entry - 22893
Stop - 22847
TP - 23031
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DislikedPaulus original method was a winner today:
Entry: 22879
SL: 22793
TP: 23135 (Hit at approx 11:40)Ignored
DislikedHi Jpr,
It seems you long EURUSD at 8:29 (London time) yesterday (July, 10th), i.e 29 minutes after London opening.
In this case, I'm agree to say it was a winning trade.
But I think, if you applied Paulus Original Method strictly, the first valid signal after London opening was at 8:14, and this signal would gave you a losing trade. If you apply Paulus Original Method strictly, I don't understand why you didn't take 8:14 signal?
And secondly, if you applied Paulus Original Method, you certainly drew a "red horizontal line" at 22857...Ignored
DislikedHi Jpr,
It seems you long EURUSD at 8:29 (London time) yesterday (July, 10th), i.e 29 minutes after London opening.
In this case, I'm agree to say it was a winning trade.
But I think, if you applied Paulus Original Method strictly, the first valid signal after London opening was at 8:14, and this signal would gave you a losing trade. If you apply Paulus Original Method strictly, I don't understand why you didn't take 8:14 signal?
And secondly, if you applied Paulus Original Method, you certainly drew a "red horizontal line" at 22857...Ignored
DislikedHi Vinze, check the stoch on your chart at the 8.14 signal yesterday, it was over 50 on my MT4. I suspect that's why the 8.14 wasn't taken. I also took the 8.29 signal. If your stoch was under 50 then you may have to check your settings.
With regards to the break of the pre London Lo it was very brief and price immediately went back above the LO. You are quite right what you say about the rules but there is one big difference here, JPR, myself and some others are now trading this live so we are going to use discretion in situations like this. Sometimes...Ignored
DislikedHeres my chart for the frankfurt with bias trade (win).
Attachment
I agree that the 8:10 could have been a signal. Not sure whether it would have hit TP though?
The more and more I trade this the more I am liking the 7am with bias trade.
Another thought I have had is to open two positions at this trade but with 2% each (instead of 1 with 5%). The first with the standard 1:3, but just leave the 2nd trade with no TP and let it run all day.
Thoughts?Ignored
Disliked
I agree that the 8:10 could have been a signal. Not sure whether it would have hit TP though?
Thoughts?Ignored
DislikedI'm also going to trade Paulus' original method because they have had 5 losses in a row and I think the most he has ever had is 6 or 7.Ignored
DislikedEntry @ 22353 (green dashed line)
SL @ 22393 (orange dashed line)
TP @ 22236 (grey dashed line)
AttachmentIgnored
DislikedVery good JPR, I was on the same trade, slightly different SL & TP. My TP was 224.1 but price was running and exited at 219.1. The 7am No Bias was also a profit earlier.Ignored