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Trade with 60

  • #61
  • Sep 1, 2015 5:21am Sep 1, 2015 5:21am
fascinated with this whole field of embodied cognition - brings to mind the forum users who go around saying everyone here is a loser, when you're aware of how our perception is led by our own feelings and emotions you can understand why they make such conclussions when really they have no data to work on.

Inserted Video
tradewith60
  • #62
  • Sep 1, 2015 7:07am Sep 1, 2015 7:07am
Quoting 60minuteman
short GU high - going for coffee, nothing to do here for an hour {image}
60 hi! how do you know that is the high of the day. It maybe going higher right? Kindly please explain a little bit. many Thanks!
  • #63
  • Sep 1, 2015 7:55am Sep 1, 2015 7:55am
GU shorts running well

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tradewith60
  • #64
  • Sep 1, 2015 7:58am Sep 1, 2015 7:58am
Quoting mario777
{quote} 60 hi! how do you know that is the high of the day. It maybe going higher right? Kindly please explain a little bit. many Thanks!
hi mario - the CURRENT high of the day - the high RIGHT NOW
tradewith60
  • #65
  • Sep 1, 2015 3:42pm Sep 1, 2015 3:42pm
a picture often explains thing's more clearly.

Take a look at these 2 charts, theyre H1 chart's - if you had to plan to trade this pair what do you think would be a good method?

Although they look radically different to say EU or GU, are they?

Attached Image (click to enlarge)
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tradewith60
  • #66
  • Sep 2, 2015 1:59am Sep 2, 2015 1:59am
Hi 60
The charts are like heaven to trade with......
Will you be trading today with the NFP news ?
Please make your subscription available to us.
Many thanks
Harry
  • #67
  • Sep 2, 2015 2:21am Sep 2, 2015 2:21am
Hi 60 and good morning still waiting for your finer details!
  • #68
  • Sep 2, 2015 2:26am Sep 2, 2015 2:26am
Hi Harry, Hi Ralfy...

NFP I will trade London and and then manage the trade before NFP, if nothing set's up early London then I will wait until after the news (we often make the hi or low of the day when NFP is announced)

...the website is still not ready, hold tight it is nearly there.
tradewith60
  • #69
  • Sep 2, 2015 2:32am Sep 2, 2015 2:32am
im still in the short from EU yesterday's high, the failure entry closed for +46 last night... well over my target for the week, so may well close out the short and look for a better hi/low..

I believe most traders struggle because of their entry method, they give the entry way too much importance believing the outcome of the trade is decided at that point. The high level of discretion they use on entry is near impossible for humans to deal with in uncertain situations. My method has next to no discretion at entry then the brain's ability to make difficult decisions is saved for the exit where it can make a real difference. So - Entry, very little discretion, Exit rule based but with some discretion.

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tradewith60
  • #70
  • Sep 2, 2015 2:39am Sep 2, 2015 2:39am
From what I gather here the GU was/is good for a short ?
I am short @152900 sl 153250
What do you think ?
  • #71
  • Sep 2, 2015 2:59am Sep 2, 2015 2:59am
Quoting HarryV
From what I gather here the GU was/is good for a short ? I am short @152900 sl 153250 What do you think ?
post a chart with your reasons Harry
tradewith60
  • #72
  • Sep 2, 2015 3:44am Sep 2, 2015 3:44am
wish I had better spread and lower leverage requirement on USD/NOK, this method works beautifully on it

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tradewith60
  • #73
  • Sep 2, 2015 3:52am Sep 2, 2015 3:52am
how about a bit of Polish zloty, as long as the peak volumes are during the European and US trading sessions the extremes will be revealed and we can trade them - logic

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tradewith60
  • #74
  • Sep 2, 2015 3:55am Sep 2, 2015 3:55am
https://charts.mql5.com/8/725/gbpusd...m-gold-and.png
  • #75
  • Sep 2, 2015 3:58am Sep 2, 2015 3:58am
Hi, great thread. So you watch for an hourly reverse pattern to take the trade? Do u consider frankfurt open as the start of EU session?
  • #76
  • Sep 2, 2015 4:06am Sep 2, 2015 4:06am
Quoting bodring
Hi, great thread. So you watch for an hourly reverse pattern to take the trade? Do u consider frankfurt open as the start of EU session?
Thanks Bodrig, you can start from Frankfurt but im a lazy ass and like that extra hour in bed... the true high and low will reveal itself and then we just keep taking the set ups until we hit the extreme... it's beautifully methodical and you just let the odd's and probabilities play out - none of this predicting the future mumbo jumbo (why try and compete with the algo's - just sidestep them!) some skill and judgement is required for getting the exit right, but that's fine we have saved our mental decision making power by making the entry a no brainer. There is a failure trade I use too that increases your odd's even more...
tradewith60
  • #77
  • Sep 2, 2015 4:11am Sep 2, 2015 4:11am
Quoting HarryV
{image}
ok I see what you are doing Harry - buy you are mixing my SR price action method with this method... I would ask you to consider which of the method's you believe in the most? Not saying you can not mix them together, they are essentially doing the same thing.
tradewith60
  • #78
  • Sep 2, 2015 4:15am Sep 2, 2015 4:15am
I don't know your SR method
Just what I see, I cant really determine any other way of finding the high or low ?
  • #79
  • Sep 2, 2015 4:25am Sep 2, 2015 4:25am
As per my understanding of the methodology. You have to locate asian range. Price will go one way on the EU session and you just wait a reversal pattern, that would be your assumed hi/low od the day. The same thing goes when NY starts, the breakout that was initiated on EU session may reverse on NY session thus making opposite low/hi of the day.
  • #80
  • Sep 2, 2015 5:09am Sep 2, 2015 5:09am
Quoting bodring
As per my understanding of the methodology. You have to locate asian range. Price will go one way on the EU session and you just wait a reversal pattern, that would be your assumed hi/low od the day. The same thing goes when NY starts, the breakout that was initiated on EU session may reverse on NY session thus making opposite low/hi of the day.
tradewith60
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