Central Banks & Big Players

nasty ill market

Still hanging in there Tony. This market is brutal at the moment. Lowering my risk until we see some trend develop.

-2 for LO.

We need to be prepared for epic wins! Can't stop laughing Just imagine each other trader sitting in front of his workstation wearing this hat

Tony, how long it took for the BC enter the market? From what I've seen he has arrived to take up almost 50 minutes after the open.

Ha ha ha if you ever see me with this thing on my head 2 situations are possible:

- I would have won the biggest epic win in my whole life
or
-I would have totally lost my mind and all good sense in this life and all my money


one or the other....

Let's pray for the first option

So you pay to get in and profit from that risk when knowing the market's behavior correctly enough. When I lose big I get a jolt of new understanding of the market's behavior, and winning is a mild, mere confirmation, perhaps wrong because my understanding may only be a watered-down intuition from vast experience.
This jolt from a big loss sounds different, or perhaps only an example, of what you're saying. I'd rather have simple rules of market behavior that apply in any case; they'd be easier to use for getting past the pay-in and risk potential. Then any negativity I have can be projected more onto the system and its various weeding-out tricks, not internalized at the basic door front charts(/news) offer.

I initially made US$2251.92 on a US$5000, account:
http://www.myfxbook.com/members/themaxx77/cbbp/376326
I switched accounts at my broker and rebalanced another account to cover losses on an unrelated strategy. From that point I have traded with the previously linked account.
I must admit I did not know that Tony recommended 8/60. I demoed Zen Leow's defaults for a number of months and was comfortable with the performance so I've stuck with what I posted. I demoed GBPUSD for a couple of weeks but it seemed worse than EURO so I dumped it.

I also tried with other currency pairs, with Pip_distance of 8 pips and 60 Minutes grace because it already happened cases of the BC enter 50 min. after opening up of the market, but had many perch with the other pairs with this my setup. Now for the time being I am only with EURUSD too, with 2 Pip_distance and 60 Grace_Minutes.

Hang in there everyone!!

trying to

UP

Anyone shorted?

noone can provide some information about this concept?

it seems a crucial point to me

You forgot to add the winners, it would give a better picture at the end, lol. Just manage your risk properly. My risk is this. One third of the account is for the margin and the two thirds for the drowdown. So if I have 3k account, I would open 0.5 lot(five mini lots) 1000x50. And my stop is two pips plus spread.

Actually, I noticed that the opening seconds the market dropped, but not quite two pips, then it went up more than two pips, so I went long and got out at Breakeven. Is this correct?

Please can some one attach the file, for the central bank & big players

Hello,
i'm following your great thread from time to time, idea to use time and volatility statistics is great and can be used in many ways to make profit...
I think best lesson learned from this topic, at least for me, is to make your homework first (check what happens and when +/- why) and then overuse it. So far i had best results entering counter trend with small stop loss ~3hours after london opening, and on london opening.
Thanks for your ideas

8 pip candle after LO

Ok, for all who want to know more about the backround of such systems:

After analyzing some trend systems in according to Tony's system here are some explanations why it works and why it should used this way.

Why TP >120 pips ? This has simply to do with the saved money at the open.
Example: If Tony open's a trade and would close it (let's say after 30 pips) to early, he has to take next trade at next session.
If his TP is bigger, than Tony have sometimes a whole week without any trade (saving lots of money).

The R:R ratio on the breakdown is the same if you take TP 30 or TP 400(ok, let's say 120) but the edge is at 120 that you have less trades... and so more saving the losses, so at all a better R:R.
----------------------
The main edge of the system is the opening time. if you compare any open at the day at xx:00 (means: 0 GMT, 1 GMT, 2 GMT... 23 GMT) it comes to the point. Only the open provide a suitable edge for an initial move. Other time don't work. (R:R at best 1,1).
----------------------
Don't get fooled by the results. The R:R is ok (about 1,5 ?) . It's well for forex trader and Tony took long to develop it and it's great he shared with us.
----------------------
The whole problem at trend systems, especially at some like Tony's is that you should not miss a trade, else it can take much longer to gain profit because it can happen that you miss the home run (R:R not changing but it will take longer to get Tony's R:R is you leave one trade and it rides away).
------------------
Time effort is outstanding with such a reward. So Tony should get an award for lowest effort and maximum profits.
------------------
The main point at this system is discipline and EXACT execution and setting SL/BE. If you are not able to act that fast (I don't think so, practice !) your reward goes into the minus ! You loose ! It's essential to follow the rules - and to have the motoric in your brain and hands to execute it like this.
------------------
Time of death: The system is quite stable. the open at the stock markets is essential and initial moves are common. Because of Moneymanagement technics instituionals like not to see their position below first entry or even only 20 pips in the green after 100 pips in the green .They cannot afford that. I don't want to say more to this.

Hope I could enlight you a bit.

greets Jack