London close trading system for currencies

@L.m: you have the qestion which TF I use? M15 M5 or M1 - I don't understand your question
who trade with M1 or M5 ? I not !

- look in the first post here is all written and the Indicators are in Post # 2

All Traders:

- all you need are the 2 Indicators and this Indicators give this Chart
make 15 charts with different pairs and give in the Indicators
(make a template after the first chart) into the 15 Charts, all Charts look the same

- for all the orders you need maximum 5 minutes for MarketOrders and LimitOrders manually

- here the template for the Fibonacci again (the 2 Indicators in the Indicator folder first)
and please change in the Indicators to your time (my time 22:00 GMT = 24:00 german time)



- Example: the red line is the end of the Fibonacci to London close time 16:00 GMT

Attached Image (click to enlarge)

winners today for me on the nzd/usd, gbp/jpy and usd/jpy!! working great! no losses!

@ghostbiker - Thank you for sharing this system, very simple, logical and very impressive consistency

All 4 of my Yen trades ended in small profit. It was a long wait. I finally pulled the plug just before Tokyo open. The only one I left open was UJ. It hit my trailing stop @ +7. The others were 6-15 pips. Profit is Profit. 8• >

[quote=ghostbiker;9021544]- Start London close time 16:00 GMT (german time 18:00) -summertime- - Charts Candle M15 - Fibonacci end 16:00 GMT 0 lowest 100 highest - MarketOrders buy if the Kurs is between 0 and 23.6 Fibo and the distance to 23.6 is minimum 10 Pips or more - Marketorders sell if the Kurs is between 100 and 76.4 Fibo and the distance to 76.4 is minimum 10 Pips or more - Limitorders buy and sell on the 0 line buy or 100 line sell - or set the Order minimum 10 Pips from the Kurs - TakeProfit is ever 23.6 line or 76.4 Line ghostbikerfx ghostbikerfx - StopLoss is for the MarketOrders ever 123.6 or ./. 23.6 - StopLoss for the LimitOrders in general 50 Pips - non active LimitOrders will all close 1:15 hour after start - you can trade every day the London close System - close the active Orders if in win with TP or your choyce - I trade this every day with 0.1 Lot the MarketOrders and 0.15 Lot the LimitOrders - first by begin: I make all MarketOrders with the rules, after all LimitOrders with the rules at least then give in TP and SL - on this weekend I will update this thread with the Fibonacci we need for downloading[/quote


I understand the Fibonacci ends at 16 GMT. What period does it cover? Does it cover the highest to the lowest of a trading session? Or the whole day or from 0Gmt? Thanks

Im guessing from Sydney open to London close, 72x15

Aelimian, see post 23:


(@ghostbiker - could you add this info to post 1?)

If at 16h00 GMT the price is, for example, 1 pip below the 100 fib, would you enter only a market order or also a limit order 10 pips away?

Nice to see you too here !

I observed it yesterday on the market and I think I understand the rules, will test it today!

Thanks for sharing!

@arielkorber:

- yes I enter 1 Marketorder sell TP 23.6 Fibo line

- yes I enter 1 sell limit order + 10 Pips from the Price line TP 23.6 SL = 50 Pips

- I will add the time of Fibonacci 72 x M15 = 22:00 GMT - 16:00 GMT = done

GB wat was your result yesterday?

@pals1000: ist es zu langweilig geworden auf DE?

ohne green, green, green ist nix mehr los.. ich habe mir jetzt den FX4 Caster zugelegt. ne geile software. danke für den tip.

@pals1000: wir haben uns selbst was entwickelt auf der Basis vom FX4Caster und blenden das direkt in den Chart ein
mit den 2 Linien des Paares und zusammen mit Fibonacci. Wenn es dich interessiert kann ich das hier mal einblenden

Ich verstehe auch nicht warum die da drben so gegen grn sind ist doch eine schne Farbe. Vermutlich sind
die da so aggressiv durch das viele Rot denn rot macht aggressiv, grn beruhigt und gibt patience

to ALL: if any traders here interested we can make next week a webinar for 25 Users maximum
from 15:45 GMT up to 17:45 GMT but not more then 25 User possible - NO COST us Gift -

hatteste schon mal auf de gezeigt. is natürlich geil, wenn man die linien direkt auf dem chart hat. ich bin schon zufrieden, dass der FX Caster ne graphische darstellung hat. ich hatte vorher nen kostenloses teil, dass hat mir nicht gefallen. der war ohne die graphische darstellung.

da wurde dir ja drüben ne falle gestellt. ist aber nicht die feine, englische art.

Thanks for sharing your system.

@ghostbiker How long you wait to close your trade which dose not going to reach TP ?

I would like to attend in webinar for 100%.

@marcian_08:

the best time is look 1 hour after opening are orders in win, if yes close all in win, look 1.5 hours after opening
if orders in win close and if orders in moderate loss close, close all if is win net in Equity

if you want to look the webinar next week please sent me a PN message

@ghostbiker just to get a understanding of your system, please see screenshot

I've drawn 2 lines at 22:00 GMT and 16:00 GMT do i draw my fib lines up or down from the 22:00 GMT candle start ?

- the fib line must high / low from 22:00 GMT to 16:00 GMT = 72 x M15

- it is total easy with the 2 indicators from page 2 - look Post # 46 and # 61

Hello and thanks for sharing.

I've a question if you don't mind, just to be sure : if the price is within the good fibo range you actually always place both a market order and a limit order ? There is no case where you just place a limit order and no market order (or the other side around) ?