DislikedHi snail, i was going to stick a chart on but as the e/u is moving more than i would like i am not. My normal trade would be on 15 min time frame on uk open at 08-00 uk time and i would sell or buy aggressively on the high or low of the 15 min . That is the simple way and then i sometimes use the high/low of the aussie,jpn, frankfurt to use as a chanelIgnored
- #1,062
- Mar 5, 2013 3:31am Mar 5, 2013 3:31am
- Joined Jan 2010 | Status: Trader | 2,021 Posts
This is what I do:
- 5.00 am GMT: I get up and set my levels (2 hours before FO): daily open, previous day's high + low, previous London Close and NY Close
- On Mondays 5.00, I additionally set my weekly levels (high, low, open, close)
- I begin looking for entries from the high's/low's and session closes and set my pending limit orderrs
- 5:30 am GMT: I begin looking for entries from the daily open (if the high / low or a session close was not hit before)
Greetings,
There seems to be questions asked recently about topics that have already been explained in detail in earlier posts. No offense to anyone asking these questions, but it does display some lack of fact finding. It would behoove you to read through the OP's thread from the beginning to get an understanding of his philosophy. The OP's philosophy is as much, if not more important than the current questions being asked. Understanding the philosophy with finding answers yourself will benefit you much greater than a simple direct answer. When you get a direct answer it doesn't necessarily help you tomorrow, so don't stop there, but ask yourself why. Why is about the most powerful question you can ask YOURSELF.
Example: OP stated he uses 0:00 ET, but he knows a fellow trader that uses 1:00 ET and is very successful.
Again, not trying to start a debate, just trying to help in the long run.
There seems to be questions asked recently about topics that have already been explained in detail in earlier posts. No offense to anyone asking these questions, but it does display some lack of fact finding. It would behoove you to read through the OP's thread from the beginning to get an understanding of his philosophy. The OP's philosophy is as much, if not more important than the current questions being asked. Understanding the philosophy with finding answers yourself will benefit you much greater than a simple direct answer. When you get a direct answer it doesn't necessarily help you tomorrow, so don't stop there, but ask yourself why. Why is about the most powerful question you can ask YOURSELF.
Example: OP stated he uses 0:00 ET, but he knows a fellow trader that uses 1:00 ET and is very successful.
Again, not trying to start a debate, just trying to help in the long run.
- #1,078
- Mar 5, 2013 11:34am Mar 5, 2013 11:34am
- Joined May 2010 | Status: Trader | 1,188 Posts
Another nice trading day (besides my boring day job in the office 
)...+4.3R / 4.3% account increase. 
)...+4.3R / 4.3% account increase. 
- #1,080
- Mar 5, 2013 11:46am Mar 5, 2013 11:46am
Another nice trading day (besides my boring day job in the office
Hi to all on this thread and a big thank you goes to the Seneca Pilot for creating this thought provoking thread. I am digesting the posts and making notes. I will revert back if I have any questions or observations.
Fisheggs
Simplicity is the ultimate in sophistication ~ Leonardo Da Vinci