If you look at the London open this morning on EU it went short, where did it turn around an go long,,,from yesterdays NY open...just good information to keep in mind. 1 min chart.
No problem thanks for apology. I appreciate your input, I just don't want this thread to get cluttered up with anything apart from the original Paulus system.
I do agree with you though that there is great potential for trades around the open times as the big boys set the direction for the day.
I'm taking trades from 07:00 and 08:00 MY TIME. I live in Wales,UK.
That trade was taken at 06:00 my time.
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I am a little confused about bias,,,in paulus thread he mentions eur open and eur close, but I think he meant london open and london close for bias. if I am wrong correct me. 2 different times
I trade like you JPR, I enter trades from the open line
The difference being I use the 5 min and 15 min for direction.
Please tell me from what time to what time you are drawing a trend line for bias in your time.Thanks in advance.
I am a little confused about bias,,,in paulus thread he mentions eur open and eur close, but I think he meant london open and london close for bias. if I am wrong correct me. 2 different times
I trade like you JPR, I enter trades from the open line
The difference being I use the 5 min and 15 min for direction.
Please tell me from what time to what time you are drawing a trend line for bias in your time.Thanks in advance.
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Hi,
There is a lot of confusion about the Paulus bias. For his bias he uses 2 hours before London open. So at the moment he draws a line from the open of the 6:00 am bar to the open of the 08:00 am bar. If the line goes up then bias is up and of the line is down then the bias is down.
I do the same but I use from 06:00 till 07:00 for bias, not 06:00 till 08:00.
Hi,
There is a lot of confusion about the Paulus bias. For his bias he uses 2 hours before London open. So at the moment he draws a line from the open of the 6:00 am bar to the open of the 08:00 am bar. If the line goes up then bias is up and of the line is down then the bias is down.
I do the same but I use from 06:00 till 07:00 for bias, not 06:00 till 08:00.
Well bias was long this morning but then the low was broken so now looking for shorts. Been a few 'near' signals but invalidated by the 'stoch above 50' rule, so still waiting for a valid short signal.
Morning JPR, I took the 7.08 signal as a 7am bias trade (and 7am No Bias) as price had immediately gone back into the the bias range after breaking the Lo. It didn't make enough pips for an exit and ended in a loss.
The 8am NB (8.05) trade has closed with a profit so I'm in profit for the day on this.
I've stepped up my account on this for this week and will only trade this until I'm finished then I may or not switch to my normal but depends on what's going on at the Olympics.
rgds, strada.
...I've stepped up my account on this for this week and will only trade this until I'm finished then I may or not switch to my normal but depends on what's going on at the Olympics...
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Please Strada, what do you mean by saying: "switch to my normal"?
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Please Strada, what do you mean by saying: "switch to my normal"?
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Morning Vinze, I've been trading another method for several years which has always been my main interest. It wouldn't be right to discuss it further on here but if you're interested check my posts (pre 1min 1trade) in my profile.
regards, strada.
