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London close trading system for currencies

  • #121
  • Jul 12, 2016 4:27pm Jul 12, 2016 4:27pm
Quoting ghostbiker
Here the 2 Fibonacci Indicators for the London close System {file} {file} settings fibo color {image}{image} trading pairs: AUDCHF - AUDUSD - CHFJPY - EURAUD - EURCHF - EURGBP EURJPY - EURUSD - GBPAUD - GBPCHF - GBPJPY - GBPUSD - USDCHF - USDJPY here my orders from friday 08.07.2016 with this System {image} the order # 55841384 is'nt with this system, the last order I have closed because friday one hour after start
One question: do you trade all pairs? Because you said, that you trade only this with this system: AUDCHF - AUDUSD - CHFJPY - EURAUD - EURCHF - EURGBP EURJPY - EURUSD - GBPAUD - GBPCHF - GBPJPY - GBPUSD - USDCHF - USDJPY
  • #122
  • Jul 12, 2016 4:29pm Jul 12, 2016 4:29pm
Quoting ghostbiker
EURGBP and GBPCHF and GBPCAD are not my pairs in general trading
When you say general trading, do you mean trading that is not this system?

(because these pairs are listed in #post 2)
  • #123
  • Jul 12, 2016 4:33pm Jul 12, 2016 4:33pm
​It's a very similar method to one of several that I use, which I covered in some detail on another thread. It's the first time I've seen anyone else using coloured fib zones and thought I'd post a pic of a CADCHF sell set of trades I have going, the dashed line was my entry point btw. I have no favourite pair personally, or any particular time, if I spot an opportunity then all pairs are tradeable for me.

Well done to GB starting this thread, I'll chip in now and again with the odd chart here and there, so long as everyone else does, and thought this was worth showing alternatives that's all.....LL

Attached Image (click to enlarge)
Click to Enlarge Name: CADCHFM15.png Size: 21 KB
  • #124
  • Jul 12, 2016 4:43pm Jul 12, 2016 4:43pm
Quoting ghostbiker
Today's closed orders London close 23.6 16:00 GMT {image}
And Audchf trade you also didnt took?
  • #125
  • Jul 12, 2016 4:59pm Jul 12, 2016 4:59pm
- I trade not NZDCHF AUDNZD AUDCAD NZDCAD CADCHF

- I trade not all 28 pairs

- are the pairs not in the rules I trade not

- are a pair is suspect for me on this day I trade not

- all GBP pairs dangerous in this time after BREXIT and I look is GBP pair to trade or not
  • #126
  • Jul 12, 2016 5:02pm Jul 12, 2016 5:02pm
Quoting ghostbiker
- - are a pair is suspect for me on this day I trade not -
Thank-you. I didn't realise till now that there was a discretionary element to this system, I thought it was totally mechanical.
  • #127
  • Jul 12, 2016 5:07pm Jul 12, 2016 5:07pm
These are the pairs listed on first page. If you took all these today you got beat up!!!
AUDCHF - AUDUSD - CHFJPY - EURAUD - EURCHF - EURGBP
EURJPY - EURUSD - GBPAUD - GBPCHF - GBPJPY - GBPUSD - USDCHF - USDJP
  • #128
  • Jul 12, 2016 5:42pm Jul 12, 2016 5:42pm
Yesterday you entered positions with GBP pairs. Yesterday you entered now not entered why?
  • #129
  • Jul 12, 2016 6:44pm Jul 12, 2016 6:44pm
Quoting Paris Hilton
These are the pairs listed on first page. If you took all these today you got beat up!!!
What we learned today is the success of the system relies on choosing the right pairs, something that ghostbiker is very good at.
  • #130
  • Jul 12, 2016 7:57pm Jul 12, 2016 7:57pm
The truth is today Ghostbiker was correct and we shouldn't have played the GBP pairs. Most all of the other pairs hit my
take profit! But I got brutalized on the GBP pairs. However a few of them are still running. So there's a chance to still win!
  • #131
  • Jul 12, 2016 11:26pm Jul 12, 2016 11:26pm
Quoting ghostbiker
- I trade not NZDCHF AUDNZD AUDCAD NZDCAD CADCHF - I trade not all 28 pairs - are the pairs not in the rules I trade not - are a pair is suspect for me on this day I trade not - all GBP pairs dangerous in this time after BREXIT and I look is GBP pair to trade or not
"and I look is GBP pair to trade or not"

How do you do that? Why GBPJPY and GBPUSD and not the other GBP-Pairs ?
  • #132
  • Jul 13, 2016 12:10am Jul 13, 2016 12:10am
please share EA
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #133
  • Jul 13, 2016 2:12am Jul 13, 2016 2:12am
Hi Ghostbiker, could you confirm that risk/reward ratio is < 1 ?

In other words, the system works because the % win is > 50%, but when your stop is hit, this is greater than profit (on a single trade).

Thank you
  • #134
  • Jul 13, 2016 2:18am Jul 13, 2016 2:18am
Quoting ghostbiker
- I trade not NZDCHF AUDNZD AUDCAD NZDCAD CADCHF - I trade not all 28 pairs - are the pairs not in the rules I trade not - are a pair is suspect for me on this day I trade not - all GBP pairs dangerous in this time after BREXIT and I look is GBP pair to trade or not
AWESOME STRATEGY

Very smart not to enter the GBP yesterday, I blindly entered 12 trades for the major pairs as a first test, all were profitable, except all of the GBP ones. I did adjust the SL and TP for some trades in the middle of the night because the market looked a bit too volatile yesterday. Good thing my son woke me up at 02:00 AM so I could check the open positions

My results from yesterday (on 1000 demo account with micro lots): +245 winning pips and -64 losing pips = +13,36.
Attached Image
  • #135
  • Jul 13, 2016 2:50am Jul 13, 2016 2:50am
Quoting ghostbiker
Today's London close Orders: 7 Orders total here for example 5 pics that you better understand trade: Pic 1 sell / Pic 2 sell / Pic 3 buy / Pic 4 sell / Pic 5 sell {image} {image} {image} {image} {image} now GA in TP + 12 Pips net / GC in TP + 25 Pips net
hi ghostbike....indicator please
  • #136
  • Jul 13, 2016 3:01am Jul 13, 2016 3:01am
@ hapanoy: the Indicators on the site 1 Post # 2

@Albert Jazz: you can make the SL at your choyce
example: the LimitOrder is on the 0 / 100 Line and
the SL is on - 23.6 line the other on the 123.6 line you have 1:1 reward / risk

for the MarketOrders you can work with the same lines us SL then is 1:1.5

you must not trade with this System if you want a other risk/reward like 1:0.1
  • #137
  • Edited 5:06am Jul 13, 2016 4:47am | Edited 5:06am
Quoting Soros
@Ghost: I know that you are being generous and that you don't owe us anything but i have to ask this question, do you have any proof that this strategy has been profitable for 3 years straight? im sorry if this question comes out as being rude but you made a very bold statement, im not saying i dont believe you, im just saying that more proof is needed to validate it.
If he had proof he would have proven it. The mere fact that he evaded the proof part leads to doubt and so far it's been all speculation.

This is a very old system and some used it under a different name, if you have been around long enough you would regocnise this.
They have even used it in speedtrap. I like it but it leads to unprotected open orders which can become huge risks and can offer something here different to protect the open orders.
  • #138
  • Jul 13, 2016 5:16am Jul 13, 2016 5:16am
How would you trade EURUSD, it is a pair that don't make extremes like 8.0-9.0 on strength?
Looking for profitable short term trades ...|
  • #139
  • Jul 13, 2016 6:59am Jul 13, 2016 6:59am
Quoting ghostbiker
@ hapanoy: the Indicators on the site 1 Post # 2 @Albert Jazz: you can make the SL at your choyce example: the LimitOrder is on the 0 / 100 Line and the SL is on - 23.6 line the other on the 123.6 line you have 1:1 reward / risk for the MarketOrders you can work with the same lines us SL then is 1:1.5 you must not trade with this System if you want a other risk/reward like 1:0.1
  • #140
  • Jul 13, 2016 7:15am Jul 13, 2016 7:15am
hi @ghostbiker, i read your Thread,still has one question to confir.

1,now summer time,we start to trade at GMT time 16:00 (5 hours befroe the new daily k bar)?
2,in the winter time,we start to trade at GMT time 17:00 (5 hours befroe the new daily k bar,the daily k bar close one hour later than sunmmer time)?
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