FX Incognito: (open, high, low, close) is ALL you need!

Quoting Paris Hilton

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I have changed my attitude towards these indicators and system, it's very good. But I don't trade it exactly by the manual's rules. after extensive backtesting ( ignoring backround color) I have found excellent results on the 15 min tf USD/JPY on the NY session believe it or not!!! I mean really good ! And the best for London session ( after the first 2 boxes) look for breakout on the EUR/USD works best. I've found GBP/USD has some more fake out breakouts but it's still profitable. Paris

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Quoting 236dave

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{quote} Hi Paris, Thanks for the feedback, so just to confirm you are checking trades at the break of the small box m15 t/f, at the start of New York & London sessions, irrespective of what time the large box starts, eg for London 8.15am UK time would be the close of the first small box. You could then set pending orders to buy / sell the top and botton of the first small box, with say a RR1:1. Have I understood you correctly? n.b. I suppose the start of the large box is broker dependant, ie starts at broker 00:00 hours, which then depends on the...

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Quoting easytrading3

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Today's trades. GBP/USD M15 BUY (+21pips) EUR/USD M15 BUY (-25pips) EUR/USD M1 BUY (+13pips, +14pips) also lot of M1 opportunities on GU, when market has finally chosen it's direction (US session). FX Incognito [email protected] {image} {image} {image}

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Quoting Paris Hilton

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{quote} yes, I'm going to start practice trading on the 1 min tf EUR , the back testing has been very good today if you go for 4-8 pips with a stop loss of 8 pips. The first 3 hours of NY session look very good. I think it has a good shot of being consistently profitable. I'll put my efforts on this. 15 min time frame on ny session is just too slow, usually only good for 1 trade. Paris

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Quoting easytrading3

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{quote} Yes, scalping can be very rewarding and it's pretty easy, as we got clear entry and place for stop lose. When the trend will be established on a given day (current price will be far from the opening price of the big box) you can even try to go with better RR ratios like 1:1,5, 1:2. just be careull today, as we have FOMC and volatility can be lower than usual before the announcement. FX Incognito [email protected]

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Quoting 236dave

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Hi easytrading3, I am trying to understand the system from your examples. If I can clear some doubts that I have I would consider buying from you. Its already been said that the background colour of the large box can change as prices go up or down, ie as the large box develops. I might be wrong, but it appears that the background colour will be blue if the price is higher than the opening price of the large box and red if it is lower. That being said wouldn't there have been a failed sell trade in your 1st chart post #68. Any comments? ie, {image}...

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Quoting easytrading3

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{quote} Hi, yes, it was a failed trade, like I said it's not 100% bullet proof system, like every system this one needs some attention and time to get familiar with. You get easy and clear entries, stop lose and take profit rules. based on pure price only. From the charts you can see, that I'm posting the trades which I simply took. That one happened on Asian session. I live in Europe, and trade mostly London (M15 setups), and M1 scalps (middle EU session and US session). You can easy backtest the rest of the charts. H4 trades alone can give huge...

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Quoting easytrading3

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{quote} Hi, yes, it was a failed trade, like I said it's not 100% bullet proof system, like every system this one needs some attention and time to get familiar with. You get easy and clear entries, stop lose and take profit rules. based on pure price only. From the charts you can see, that I'm posting the trades which I simply took. That one happened on Asian session. I live in Europe, and trade mostly London (M15 setups), and M1 scalps (middle EU session and US session). You can easy backtest the rest of the charts. H4 trades alone can give huge...

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Quoting kaiser soze

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Mr. Incognito..........do you offer Skype for support?

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Quoting Paris Hilton

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Another win this morning on USD/JPY 15 min tf NY session after 4th box. +28 pips. Paris

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Quoting yorkshirelad

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Why cant easytrading3 open a myfxbook account and forward test the system. I'd buy anything that has solid forward results. As it stands the system seems decent but the lack of clarity and transparency on actual live trades is putting me off. If you have tested this indicator and system you must have some data saved somewhere on its effectiveness or you would not know if it works. Why sell it without that knowledge of its performance if that is the case?

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