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  • #1,441
  • Mar 14, 2013 2:03pm Mar 14, 2013 2:03pm
Quoting Olarion1975
Seneca, I enjoy all three methods you described (levels, news and breakout) but the simplest of all by far is the opening range breakout. Whenever I have very little time during the day I only play the range breakout.

You said it, this week was a litte tough with a few losers...but today I took the retest off the range after the short trade was stopped out.
Closed half at 1/1, stop at BE. Let's see how far this one goes...
Testing the weekly open right now. I have it too and if this holds we have a good chance to get a runner tomorrow.
  • #1,442
  • Mar 14, 2013 3:52pm Mar 14, 2013 3:52pm
hi guys hope you had a good day, i struggled with e/u but it came good. i normally trade e/u or g/u and trade the one which triggers first. Today e/u went first and i struggled and look at g/u what a beauty, i didnt trade it at all lol. when oil opened at 12-00 (adjusted time) that was good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,443
  • Mar 14, 2013 4:04pm Mar 14, 2013 4:04pm
[quote=Olarion1975;6516036]Seneca, I enjoy all three methods you described (levels, news and breakout) but the simplest of all by far is the opening range breakout. Whenever I have very little time during the day I only play the range breakout.

Hi bud, opening range breakout is one of the oldest easiest methods to trade. and when one is proficient at trading it, it can then be tweaked to your own style. Breakout on long time frames like SP likes is more for connoisseurs, that sort of trading is not for me but the benefits can be huge
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,444
  • Mar 14, 2013 4:13pm Mar 14, 2013 4:13pm
threei, hi bud hope your good. i am just chilling out now.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,445
  • Mar 15, 2013 3:49am Mar 15, 2013 3:49am
where is everyone ?. i am not trading today as i had a glitch on system so i could not get in on the uk open. My girl just 20/02 saw e/u chart and she asked me to short it at the ema cross over 20/02 thats about 13005. and now she gone to school lol. i do not use ema or anything really but i cannot force her not to. anyway i might stand the trade for her. take care guys and have a good weekend, lets see an oil spike or any biggish move
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,446
  • Mar 15, 2013 4:20am Mar 15, 2013 4:20am
EU test of daily open has provided 1:1 at this point, based on 22 pips being 20% of adr. Hope everyone that's active now noticed that. Also hope my analysis is not misleading.
  • #1,447
  • Mar 15, 2013 4:22am Mar 15, 2013 4:22am
Quoting Seneca pilot
Ok London is closed. What happened today?

GU) Another perfect day for GU. Daily open triggered and the draw down was minimal. This pair is on quite a winning streak this week.


Hope it helps.

Hi Seneca, thanks for starting these daily "sum ups" . They are really really helpful.
Could you please show a chart for this GU trade? For me GU yesterday was a loser because the first time it touched the daily open line there was no two candles before above the line and the second time it came back from above i took it long but it stoped me out. (And went straight into profit without me
I am proud of myself because I didn't get into a revenge trade, and it feels good.
Maybe i've learned something...
Thanks
Attached Image (click to enlarge)
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"Always be yourself " Batman
  • #1,448
  • Edited 4:58am Mar 15, 2013 4:41am | Edited 4:58am
Nice trade off the open on EJ
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What is any ocean but a multitude of drops?
  • #1,449
  • Mar 15, 2013 4:57am Mar 15, 2013 4:57am
Quoting Xhale
Nice trade off the open on EJ
++++++++++++++++++++++++++++++++

Don't understand your entry. What am I missing?
Thanks,
Darryl
  • #1,450
  • Mar 15, 2013 5:15am Mar 15, 2013 5:15am
Quoting rdsl
Hi Seneca, thanks for starting these daily "sum ups" . They are really really helpful.
Could you please show a chart for this GU trade? For me GU yesterday was a loser because the first time it touched the daily open line there was no two candles before above the line and the second time it came back from above i took it long but it stoped me out. (And went straight into profit without me
I am proud of myself because I didn't get into a revenge trade, and it feels good.
Maybe i've learned something...
Thanks
The 20% stop for GU yesterday was 21 pips plus spread, and the drawdown on the trade was nineteen. If your entry is not perfect, exactly at the line you need to add enough to the stop to cover the difference. You may also want to consider adding to the percentage you are using as the volatility for GU can be higher than EU. I use 25% on the more volatile pairs.
  • #1,451
  • Mar 15, 2013 5:26am Mar 15, 2013 5:26am
Picked up 2:1 on EU daily open test. I saw good entry for trade on GJ long, (looks like it made 2:1 as well) but didn't want to load up and boggle me brain. Also saw opposite trade setting up on EJ (showing short of Daily open) which made it easier to skip that one (GJ long) mentally.

Now would like to see EU come back to test for opening range trade @ 1.3041
  • #1,452
  • Mar 15, 2013 5:38am Mar 15, 2013 5:38am
Quoting diamonddbw
Picked up 2:1 on EU daily open test. I saw good entry for trade on GJ long, (looks like it made 2:1 as well) but didn't want to load up and boggle me brain. Also saw opposite trade setting up on EJ (showing short of Daily open) which made it easier to skip that one (GJ long) mentally.

Now would like to see EU come back to test for opening range trade @ 1.3041
Hey diamonddbw

The first signal was short on SP's open,went into drawdown, then came back to the retest the open and bounced off it long.Was that your entry?
  • #1,453
  • Mar 15, 2013 5:52am Mar 15, 2013 5:52am
Hey SP

Both g/u and g/y look like failed shorts off the day open?

G/u also failed at yesterdays high? before bouncing long on it?

Is this correct?
  • #1,454
  • Mar 15, 2013 6:00am Mar 15, 2013 6:00am
Quoting FOURX
Hey SP

Both g/u and g/y look like failed shorts off the day open?

G/u also failed at yesterdays high? before bouncing long on it?

Is this correct?
I see longs on both off the daily open. Are you using 00:00 est/4:00 gmt as your open time?
  • #1,455
  • Mar 15, 2013 6:04am Mar 15, 2013 6:04am
Quoting FOURX
Hey diamonddbw

The first signal was short on SP's open,went into drawdown, then came back to the retest the open and bounced off it long.Was that your entry?
++++++++++++++++++++++++++++++++

This precisely why I don't say stuff in Absolutes.

To my understanding, entries happen only after LO. If I'm incorrect on this, I hope to be clued in.

Thanks,
Darryl
  • #1,456
  • Mar 15, 2013 6:22am Mar 15, 2013 6:22am
Quoting diamonddbw
++++++++++++++++++++++++++++++++

This precisely why I don't say stuff in Absolutes.

To my understanding, entries happen only after LO. If I'm incorrect on this, I hope to be clued in.

Thanks,
Darryl
Dont think so mate, SP's open is 5.00gmt, entries are taken anytime after that I believe. T he opening range breakout is has to be after London open obviously.
  • #1,457
  • Mar 15, 2013 6:52am Mar 15, 2013 6:52am
Quoting FOURX
Dont think so mate, SP's open is 5.00gmt, entries are taken anytime after that I believe. T he opening range breakout is has to be after London open obviously.
++++++++++++++++++++++++++++++++

Fair enough. I don't care about being correct or incorrect. I'm only here to get the facts straight. We're all bros in trading here.
  • #1,458
  • Mar 15, 2013 6:54am Mar 15, 2013 6:54am
Quoting threei
I see longs on both off the daily open. Are you using 00:00 est/4:00 gmt as your open time?
Just read SP's post on the time change and he is still using 5:00 gmt/ which is now 1:00 am NY time, sorry for the bad info.
  • #1,459
  • Mar 15, 2013 6:54am Mar 15, 2013 6:54am
Quoting threei
I see longs on both off the daily open. Are you using 00:00 est/4:00 gmt as your open time?
Although this question was not directed to me but is something I need to clear too. I leave in GMT+1 which do you think will be my best time for daily open /close, weekly open/close respectively? Thanks
  • #1,460
  • Mar 15, 2013 8:08am Mar 15, 2013 8:08am
Quoting FOURX
Dont think so mate, SP's open is 5.00gmt, entries are taken anytime after that I believe. T he opening range breakout is has to be after London open obviously.
++++++++++++++++++++++++++++++++

AHA! So be it.

It took me a while but I found the smoking gun. And, indeed, I shot myself with it. lol

I stand corrected. Today's first EU trade would have been a short as you suggested. When I 1st saw the post below, I was confused then and (Not liking change) steadfastly remained confused to this point.

http://www.forexfactory.com/showthre...93#post6394693
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