Since when is London the crappiest trading session? | Page 2 | Forex Factory

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Since when is London the crappiest trading session?

  • #21
  • Mar 1, 2017 8:50am Mar 1, 2017 8:50am
another uber-arrogant trader, boosting his own ego instead of giving some valuable advice (beside "adapt").
  • #22
  • Mar 1, 2017 9:06am Mar 1, 2017 9:06am
Quoting mades
another uber-arrogant trader, boosting his own ego instead of giving some valuable advice (beside "adapt").
But that is the advice...what else is there to say. If one is finding it difficult to trade these markets to the point of not being able to trade them, when other people clearly are, then adapt is the only course of action open to any of us. My own piece of advice above, apart from adapt, is to recommend trading smaller time frames in order to be able to capture more moves. That, I would say, is useful advice, not arrogance.
  • #23
  • Mar 1, 2017 9:08am Mar 1, 2017 9:08am
Quoting cat
{quote} But that is the advice...what else is there to say. If one is finding it difficult to trade these markets to the point of not being able to trade them, when other people clearly are, then adapt is the only course of action open to any of us. My own piece of advice above, apart from adapt, is to recommend trading smaller time frames in order to be able to capture more moves. That, I would say, is useful advice, not arrogance.
It was the reaction to the dick boosting his results not you. I understand lower TF advice, although even 5Min doesn't look enough anymore.
  • #24
  • Mar 1, 2017 9:37am Mar 1, 2017 9:37am
Quoting mades
{quote} It was the reaction to the dick boosting his results not you. I understand lower TF advice, although even 5Min doesn't look enough anymore.
I didn't see that, though I wasn't assuming you were aiming your post at me personally. I agree with you on that, there's nothing other than self-aggrandizement behind posting results, which is to say ' see how fucking brilliant I am, and you, if you work hard enough can be like me one day '.

Trading down to 10 or 20 sec is the way to target the smaller moves, which, on pairs like GJ which have big daily ranges, is, for me at least, the way to go, and when people ask how on earth I can make any sense of a 10 second time frame, it is usually because they have never studied one as I have. They can be traded is all I would say, with a stop loss of 10-15 pips usually.
  • #25
  • Mar 1, 2017 10:03am Mar 1, 2017 10:03am
Cat gets its right.

You've got to cut your time frame down below 1m. Down there it's gravy EVERY day, literally. Nobody ever whines that nothing happens in the sub 1m world, everybody who trades there and can trade is more than happy.

1m will sound far too fast but it's not if you take the time to learn.

Yes, you'll have to adapt slightly and pick your spots but the markets are and can be so quick these days that sub 1m is where the real action is.

Within all of this remember Darwin's survival of the fittest. What he meant wasn't so much the 'fittest' but those animals BEST ABLE TO ADAPT to changing conditions. Same with trading and same with Poker. Not that I play it but I like to read all about the pro gamblers. Chip Reece, one of the best poker players of all times now sadly deceased said when he first went to Vegas every pro was a specialist in some form of Poker but he learned them all as well as Backgammon and Gin Rummy. 10 years later many of those same pros were scratching with the chickens as their specialist game went out of fashion and they hadn't taken the time to learn the other styles to a very high standard.
Road To Wisdom? To err and err and err again, but less and less and less...
  • #26
  • Mar 1, 2017 10:04am Mar 1, 2017 10:04am
Quoting cat
{quote} I didn't see that, though I wasn't assuming you were aiming your post at me personally. I agree with you on that, there's nothing other than self-aggrandizement behind posting results, which is to say ' see how fucking brilliant I am, and you, if you work hard enough can be like me one day '. Trading down to 10 or 20 sec is the way to target the smaller moves, which, on pairs like GJ which have big daily ranges, is, for me at least, the way to go, and when people ask how on earth I can make any sense of a 10 second time frame, it is usually...
CAT I can assure you it wasn't for the reasons you state. I was proving a point that with adjustment in hunting style there are trades to be had. If you re-read you will see I had already offered advice in saying reduce expectations etc My advise was directed at the OP then MADES wants to make a point to me saying how ? And only to trade pair with RED news. My stats post was to highlight that no RED news, so possibly that isn't the only way ? So then the idiot wants me to start telling him how to adapt and where is TP for those trades. He was being a tool. My original post was to OP fact.

And this trade is to illustrate why his original post was nonsense, he could not possibly foresee how big the trading range would be and to suggest not trading London session is like saying don't sell ice creams on a hot day. Tell him after filling up on mice I am about to devour a gazelle.


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Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #27
  • Mar 1, 2017 10:06am Mar 1, 2017 10:06am
Quoting cat
{quote} I didn't see that, though I wasn't assuming you were aiming your post at me personally. I agree with you on that, there's nothing other than self-aggrandizement behind posting results, which is to say ' see how fucking brilliant I am, and you, if you work hard enough can be like me one day '. Trading down to 10 or 20 sec is the way to target the smaller moves, which, on pairs like GJ which have big daily ranges, is, for me at least, the way to go, and when people ask how on earth I can make any sense of a 10 second time frame, it is usually...
Thanks for advice, appreciate it. You're in other league than the other moron. I'm sticking with 5M but will adapt accordingly, making my indis react faster and lowering the TP while waiting for NY to join. Lower than 5M isn't suited for me I know that already (zigzag is killing my psyche even if I have positive edge). They say daytrading is dead because of this but I still refuse to believe it.
  • #28
  • Mar 1, 2017 10:08am Mar 1, 2017 10:08am
Quoting simond2002
{quote}I spent close on 4 years learning how to trade, studying PA.
If your education was good then go to the 15sec chart, everything should work fine.
Road To Wisdom? To err and err and err again, but less and less and less...
  • #29
  • Mar 1, 2017 10:13am Mar 1, 2017 10:13am
Quoting mades
{quote} Lower than 5M isn't suited for me
No Mades, I think you're making the same mistake most make when the think they can't go below 5m. I used to think like this as well.

Try it, on demo if need be. Yes, of course there's loads of action and it's fast but you're not going to be trading every minute. Sometimes I go 1+ hour without doing anything, other times 4 trades within an hour.

Dropping below 1m has probably been my best decision over the last few years. Is it any easier down there? Of course not, it's just as hard as any time-frame but it's the action that makes it all work well.
Road To Wisdom? To err and err and err again, but less and less and less...
  • #30
  • Mar 1, 2017 10:17am Mar 1, 2017 10:17am
Quoting Calculus
{quote} No Mades, I think you're making the same mistake most make when the think they can't go below 5m. I used to think like this as well. Try it, on demo if need be. Yes, of course there's loads of action and it's fast but you're not going to be trading every minute. Sometimes I go 1+ hour without doing anything, other times 4 trades within an hour. Dropping below 1m has probably been my best decision over the last few years. Is it any easier down there? Of course not, it's just as hard as any time-frame but it's the action that makes it all...
I did run 1M charts for some time but the truth is, it was before this major shift from London to NY. I still have them on the screen so maybe it's time to look at it closer again. What I wanted to say was it didn't suit well my trading personality but I might have to try and overcome that.
  • #31
  • Mar 1, 2017 10:17am Mar 1, 2017 10:17am
Wow.
TF-s below M1? I´m afraid I´d get emotional and jump the gun on them. It would also require watching line an hawk.

I check charts once an hour and work mostly with limit orders, H1 and H4, S/R. I get levels right, stops small but most annoying is setting TP-s. I get BE and SL often, after trade has been 20-70 pips in profit. Because, again, few years ago it was easy to keep the trade for days and collect 300 pips.

This is what I do - so tiny TF-s scare me. But I will try on demo.

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Please add more indicators, I still see the real price! Thanks!
  • #32
  • Mar 1, 2017 10:18am Mar 1, 2017 10:18am
Dont know why everyone fears the Asian session so much. I guess it depends on how you trade. Each to their own i guess....
  • #33
  • Mar 1, 2017 10:21am Mar 1, 2017 10:21am
Quoting Stu Effex
{quote} CAT I can assure you it wasn't for the reasons you state. I was proving a point that with adjustment in hunting style there are trades to be had. If you re-read you will see I had already offered advice in saying reduce expectations etc My advise was directed at the OP then MADES wants to make a point to me saying how ? And only to trade pair with RED news. My stats post was to highlight that no RED news, so possibly that isn't the only way ? So then the idiot wants me to start telling him how to adapt and where is TP for those trades. He...
No probs Stu, I didn't even see your original post to be honest with you, so should have kept my mouth shut I guess, which is what I shall do now. I was making a general observation, prompted by the fact I have suffered a lot of complete dick heads during my years as an ff member, which is not to imply that you are one of them. Rock on....
  • #34
  • Mar 1, 2017 10:22am Mar 1, 2017 10:22am
Quoting Calculus
{quote} If your education was good then go to the 15sec chart, everything should work fine.
It's one of the reasons I took a quick look at cTrader last year with a view to trading tick charts. Didn't realise how wide-eyed it'd sent me until the last "selfie", however...

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  • #35
  • Mar 1, 2017 10:26am Mar 1, 2017 10:26am
Quoting cat
{quote} No probs Stu, I didn't even see your original post to be honest with you, so should have kept my mouth shut I guess, which is what I shall do now. I was making a general observation, prompted by the fact I have suffered a lot of complete dick heads during my years as an ff member, which is not to imply that you are one of them. Rock on....
I can't find a handshake emoticon.
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #36
  • Mar 1, 2017 10:27am Mar 1, 2017 10:27am
Quoting FXMasterSK
{quote} Hey Crackpot, I feel your frustration. I know you're just venting, but I'm sure there are traders out there wondering what happened to those nice moves with follow through we used to have so I'll give a couple of reasons why things have become the way they have. The answer simply is the whole market environment has changed and this has led to a change in structure to the way the market operates.
Definitely agree with some of the points that you brought in. The market constantly evolves and we should accept that this is just another cycle it is going through and adapt to it.
  • #37
  • Mar 1, 2017 10:27am Mar 1, 2017 10:27am
Quoting mrhigurashi
Dont know why everyone fears the Asian session so much. I guess it depends on how you trade. Each to their own i guess....
Actually asian session in last weeks/months is much better than London Wish I could trade it but its from 2 to 10 AM .. not a very good time.
  • #38
  • Mar 1, 2017 10:27am Mar 1, 2017 10:27am
Quoting mades
{quote} Thanks for advice, appreciate it. You're in other league than the other moron. I'm sticking with 5M but will adapt accordingly, making my indis react faster and lowering the TP while waiting for NY to join. Lower than 5M isn't suited for me I know that already (zigzag is killing my psyche even if I have positive edge). They say daytrading is dead because of this but I still refuse to believe it.
Day trading is in robust health, but it exposes those whose TA is weak and kills them off very quickly. Trading requires great dexterity of mind and attitude, and this has never been truer than in today's market conditions.
  • #39
  • Mar 1, 2017 10:29am Mar 1, 2017 10:29am
Quoting Stu Effex
{quote} I can't find a handshake emoticon.
Hey Stu I see Agent Smith has caught up with you again. Time to exit the matrix amigo.
It's all about bucks, kid. The rest is conversation.
  • #40
  • Mar 1, 2017 10:31am Mar 1, 2017 10:31am
Quoting Lalu
{quote} Hey Stu I see Agent Smith has caught up with you again. Time to exit the matrix amigo.
Roger that amigo.
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
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