Patience, let the market come to you!
8X34 EMA X-Over with London open and 9:30 EST open for indices 57 replies
[LOS] London Open Strategy 15 replies
London Open Breakout Strategy for GBPUSD 18 replies
London open to Sydney open 23 replies
London Calling . . . Various strategies focusing on London Open 58 replies
DislikedQuidsey, Thanks for sharing your trading method. Last night was my 1st trade; I was totally exhausted at the London Open, but I managed to place a Sell trade with a TP=15 and a SL=15. Winner, winner, chicken dinner! I am intrigued as to where your method will take us... Great trading, BC2Ignored
DislikedHere's the weeks trading with entries, SL and TP's. Have a good weekend all, see you Monday. {image}Ignored
DislikedHi Quidsey, I really like this idea of a strategy and when I get some time I can code this into an EA and use on a spare demo account, but I need to be very clear with you about how the strategy works as I've tried testing it and had some mixed results. 1.) Two lines drawn, one line 15min before London Opening and one line on the oneing minute of London session 2.) If the 15 EMA is roughly trending down between line 1 and line 2 this will generate a Long signal with a 15 pip stop loss and 15 pip Trade Point 3.) if the 15 EMA is roughly trending...Ignored
Disliked{quote} Quidsey, Just want to double check with you that SL is 20 pips? How about TP?Ignored
Disliked{quote} Dash, at the moment I'm testing 10+Spread which is holding out pretty good. Trades are 1R, so TP10 but I'm seeing a lot of with trend trades going for more. We saw it on last weeks trading, potentially some of the short EURO trades could have had some amazing RR. The longs were limited.Ignored
DislikedGood start to the week. Straight out of the gate, a classic buy signal was given as London opened. A 12 pip stop was never challenged and partial profits, 50%, were taken at plus 12 pips. Now the stop loss has been moved to BE + 2 and a trailing stop will let it run if it wants to with one more partial profit set at plus 40 pips. Off to bed now and I'll check the results in the morning. GREEN pips to all.Ignored
DislikedI did a quick backtest over the weekend last two weeks on eu usd with placing pending order above or below last candle prior to LO with fantastic results With SL 10 pip and TP 10 pip 20 wins 5 loss 160 pips the angle of the Ma is a bit vague. I tended to go opposite direction to the general trend before LO rather than the last 15 mins . infact the last 3 candles seem to give a good indication of the direction to trade in a lot of cases . did try couple other pairs with terrible results the beauty of the pending is if it goes wrong way from the start...Ignored
Disliked{quote} Hi orid, that's interesting. Let me make sure I got this right. So you're placing only 1 pending order still based on fading the trend, what candle are you using 5min? could you post a chart of the set-up? ....and you're looking for a BO of that candle in one direction, you're not straddling. The last 2 weeks have been kind, try January this year, not so kind I always try and look for worst case scenarios.Ignored