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  • #661
  • Mar 4, 2016 4:09pm Mar 4, 2016 4:09pm
Quoting Menle
Hi 60, It is strange to see the candle sticks in one color only, but refreshing also because my mind encounters no distractions and that is really new to me. I will try to make them green (for profit) on a black background. It gives me a feeling of peace just visualizing it in my mind. Great stuff Darren as always, many thanks and blessings of success to you.
Hello again Menle, yes we have removed the distraction of the candle colours, we even have an indi that just shows the high and low and does away with open and close.... it's all about removing all those bad habits we learned
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  • #662
  • Mar 5, 2016 3:43am Mar 5, 2016 3:43am
Morning 60mm, thanks for the video.
Sticking to trading the highs and lows of the day certainly looks to make things much simpler.
Have you been trading this way 'live' for long, and if so, what would you say is a realistic weekly target on GU please? (Presumably different pairs will have different weekly targets?).
Could you also please clarify how many longs and shorts you could have running at one time?
Thanks.
  • #663
  • Edited 12:56pm Mar 5, 2016 6:21am | Edited 12:56pm
Quoting JRob
Morning 60mm, thanks for the video. Sticking to trading the highs and lows of the day certainly looks to make things much simpler. Have you been trading this way 'live' for long, and if so, what would you say is a realistic weekly target on GU please? (Presumably different pairs will have different weekly targets?). Could you also please clarify how many longs and shorts you could have running at one time? Thanks.
I have been live trading this way, although it has evolved with trial and error - for a few years now. I called it flowtrading at first and the high low on H1 is how I use it intraday. Anything over 100 pips is a realistic target on GU - obviously its market movement dependent. It is unusual to have more than 2 longs and 2 shorts running at one time (created by an inside day) - 2 inside days on the trot is very rare.

When you look at what price action traders do you notice all they are doing is waiting for price to turn with a certain candle pattern and then trading - if you look at the accuracy of any of these patterns you realize you're just as well to trade every direction change.... a lot of the info we use really has no benefit, so best just do away with it completely eh?
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  • #664
  • Mar 6, 2016 2:43am Mar 6, 2016 2:43am
Thanks for the videos 60mm.
Appreciate it.
  • #665
  • Mar 6, 2016 2:56am Mar 6, 2016 2:56am
Quoting forexday
Thanks for the videos 60mm. Appreciate it.
welcome forexday...
tradewith60
  • #666
  • Mar 6, 2016 3:16am Mar 6, 2016 3:16am
Thanks for your answer 60mm.
Very encouraging.
  • #667
  • Mar 6, 2016 8:12am Mar 6, 2016 8:12am
Hello Darren

Am I right to say that the 1st hourly bar to which the "hi-lo of the day" should be applied is the 7 am UK time bar whether it is exceeding the overnight box or it is within the boundaries of the box?
Regards
  • #668
  • Mar 6, 2016 8:36am Mar 6, 2016 8:36am
Quoting howard
Hello Darren Am I right to say that the 1st hourly bar to which the "hi-lo of the day" should be applied is the 7 am UK time bar whether it is exceeding the overnight box or it is within the boundaries of the box?
Hi Howard, it doesn't really matter - the idea is we get the high volume sessions of the day, I usually wake up naturally and start trading, sometimes 7am, sometimes 8am... or even 9 if i'm lazy. So you can make your own rule on this one.
tradewith60
  • #669
  • Mar 8, 2016 7:10am Mar 8, 2016 7:10am
AJ February +3 days of March 2016.Arround +350 pips
Attached File(s)
File Type: rar AJ February 01-March 03 2016..rar   160 KB | 330 downloads
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  • #670
  • Mar 8, 2016 12:30pm Mar 8, 2016 12:30pm
Today trades EJ +5 overall.I closed the trade just because is JPY pair and I'm GMT +2, I need to sleep tonight
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH1.png Size: 45 KB
GU hedged at -5.Good luck all.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 35 KB
Trade with 60
  • #671
  • Mar 8, 2016 4:20pm Mar 8, 2016 4:20pm
Do you think it's possible to use this strategy on 15 minute time frame?
  • #672
  • Mar 9, 2016 2:24am Mar 9, 2016 2:24am
Quoting Techanalyst
Do you think it's possible to use this strategy on 15 minute time frame?
I don't know.Someone need to test it
Trade with 60
  • #673
  • Mar 9, 2016 4:27am Mar 9, 2016 4:27am
Quoting Chorlton
{quote} Hi 60minuteman, Thanks for the advice :-)
Hi All,

Apologies for derailing this thread but I am still struggling to get my timezones correct and avoid trading the asian session during a backtest in MT4.

I reside in Australia and currently my timezone is GMT+11. According to ForexMarketHours, based on my timezone the Asian session is betweeen 11am & 7pm my time.

Now according to MT4 Market watch current time is 12:17. As my time is 21:17 this puts the server time at GMT+2. I have checked with the broker and this is correct.

Therefore, if my maths is correct the asian session (according to MT4) would start at 2am MT4 server time (11am which is my time less 9hrs (GMT+11 less GMT+2)
and finish at 10am MT4 server time (7pm which is my time less 9hrs (GMT+11 less GMT+2)

However, when I highlight these times and look at my charts, the bars highlighted as the asian session do not align with the same bars being posted on this thread

Any advice appreciated.
Attached Image
  • #674
  • Mar 9, 2016 4:45am Mar 9, 2016 4:45am
Quoting Chorlton
{quote} Hi All, Apologies for derailing this thread but I am still struggling to get my timezones correct and avoid trading the asian session during a backtest in MT4. I reside in Australia and currently my timezone is GMT+11. According to ForexMarketHours, based on my timezone the Asian session is betweeen 11am & 7pm my time. Now according to MT4 Market watch current time is 12:17. As my time is 21:17 this puts the server time at GMT+2. I have checked with the broker and this is correct. Therefore, if my maths is correct the asian session (according...
try 9 - 18
tradewith60
  • #675
  • Mar 9, 2016 6:09am Mar 9, 2016 6:09am
Quoting 60minuteman
{quote} Hi Howard, it doesn't really matter - the idea is we get the high volume sessions of the day, I usually wake up naturally and start trading, sometimes 7am, sometimes 8am... or even 9 if i'm lazy. So you can make your own rule on this one.
Thank you for the good advice.

Now supposing we take 7 to 8 am uk time candle as our 1st hi-lo of the day; the new highs or new lows of the day are taken as compared to this hourly candle and not the high and low of the Asian session, am I right in my assumption?
Regards
  • #676
  • Mar 9, 2016 6:24am Mar 9, 2016 6:24am
Quoting howard
{quote} Thank you for the good advice. Now supposing we take 7 to 8 am uk time candle as our 1st hi-lo of the day; the new highs or new lows of the day are taken as compared to this hourly candle and not the high and low of the Asian session, am I right in my assumption?
this is a choice on how you are going to manage your trades, I think initially only trading highs and lows that are outside the asian session is a good way to go... and then only exiting / managing those high lows when you have an opposing high low outside the asian session... but that is not to say either is better - just new hi/lows of the day tends to deal with flat choppy days better.

as an example - GU has only had one hi or low entry outside the asian session today - so thats a short.. and you would only manage or exit that short when a new low trade long triggers. (dont be confused by the other orders, thats the low from yesterday im holding)

Attached Image
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  • #677
  • Mar 9, 2016 6:25am Mar 9, 2016 6:25am
Quoting howard
{quote} Thank you for the good advice. Now supposing we take 7 to 8 am uk time candle as our 1st hi-lo of the day; the new highs or new lows of the day are taken as compared to this hourly candle and not the high and low of the Asian session, am I right in my assumption?
Choose whatever you want.Entry is 50/50,exits and how you will manage the trades are crucial
Trade with 60
  • #678
  • Mar 9, 2016 8:21am Mar 9, 2016 8:21am
Trades today.Hedged at -5 from yesterday and +10 from today on GU overall +5.I decided to take profit and call it a day.Tomorrow is a new day
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 32 KB
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  • #679
  • Mar 10, 2016 1:14am Mar 10, 2016 1:14am
Quoting 60minuteman
{quote} try 9 - 18
Hi 60MM,

Thanks for the reply. This is now working using my original settings. All I have done is restart MT4 today and now the correct hourly candles are being highlighted !!! My code hasn't changed so the issue must have been within MT4

Anyway, now I can focus on the actual method... thanks again.....
  • #680
  • Mar 10, 2016 2:43am Mar 10, 2016 2:43am
Quoting Chorlton
{quote} Hi 60MM, Thanks for the reply. This is now working using my original settings. All I have done is restart MT4 today and now the correct hourly candles are being highlighted !!! My code hasn't changed so the issue must have been within MT4 Anyway, now I can focus on the actual method... thanks again.....
there may be a bug in that indi, I just found it on a thread and played with the settings to make it do what I wanted...
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