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  • #41
  • Mar 10, 2017 10:28am Mar 10, 2017 10:28am
if we lose one day both trades, we have 1x -15 and 3x -45 = -60 pips
We need to win the following next 6 days to be BE.
  • #42
  • Mar 10, 2017 10:34am Mar 10, 2017 10:34am
today result TP hit.
Done for today.
Attached Image (click to enlarge)
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  • #43
  • Mar 10, 2017 10:38am Mar 10, 2017 10:38am
Quoting frenchy.fx
Do this really works? For how long you testing this method? I like to use this system. im using admiralmarkets as broker at what candle do i need to look at?
Please reread the rules and check it for yourself, i already explain the rules clear enough i think.
check the candle 2 hours before the london open,wait until it close and trade at the new candle form.

Whether a strategy works or not, its not only depends on the method,
it depends more on the trader,
we can trade the same method but the results might be different.
So it not merely depends on the method itself.
  • #44
  • Mar 10, 2017 10:40am Mar 10, 2017 10:40am
Quoting Sis.yphus
{quote} That doesn't matter. 1:1.5 RR and 1.5:1 RR have the exact same expectancy. The only difference is the frequency in which your losses and wins will be distributed and the sizes of the losses and wins. See more here Again. The only thing you ever really need to worry about with any system is how to overcome the statistical disadvantage of the spread. This disadvantage gets larger the tighter your stops and targets are. Using one R:R over another isn't going to save...
Yes Sis.yphus. quite agree.
  • #45
  • Mar 10, 2017 10:40am Mar 10, 2017 10:40am
Quoting Forex Lion
if we lose one day both trades, we have 1x -15 and 3x -45 = -60 pips We need to win the following next 6 days to be BE.
Today are u ended with green pips ?
  • #46
  • Mar 10, 2017 10:44am Mar 10, 2017 10:44am
Quoting zentrader8
{quote} Today are u ended with green pips ?
yes, the second trade was nice
  • #47
  • Mar 10, 2017 1:19pm Mar 10, 2017 1:19pm
Quoting Forex Lion
if we lose one day both trades, we have 1x -15 and 3x -45 = -60 pips We need to win the following next 6 days to be BE.
Or four days has to be winning the second position. (-15 + 10 + 10 + 10 = 15).
Please excuse the bad English via Google Translate.
  • #48
  • Edited 4:57am Mar 11, 2017 3:58am | Edited 4:57am
here was I understand, please let me know if I wrong.

the day 07 March 2017. The chart is a M1 chart and the H1 candles are the bigger one :-)

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  • #49
  • Mar 11, 2017 5:06am Mar 11, 2017 5:06am
Quoting dokopy
{quote} Or four days has to be winning the second position. (-15 + 10 + 10 + 10 = 15).
Yup
There are vary of money manegement you can use to trade this method.
1.Open the first with 1 lot , and the second with triple lots.which can recover the loses straightly if you win,
but will give you loses with 4x if the trade loses.(martiangle for single day)
2.Open the first trade with 1 lot, and the second with triple lots, then if it still loses. the next day, open with triple lots the last lost lots(keep doing martiangle until you win)
3.Open the first trade with 1 lot, and the second also with 1 lot(means no martiangle, purely depends on win rate).

YOu can research a new method except those three, and share it here.
maybe it can improves our trading.
Since im still considering and thinking how to handle consecutive loses.
  • #50
  • Mar 11, 2017 5:12am Mar 11, 2017 5:12am
and one more, was a little tricky to see
Attached Image (click to enlarge)
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  • #51
  • Mar 11, 2017 5:25am Mar 11, 2017 5:25am
my last for this week at Friday the trade need long time right?

Attached Image (click to enlarge)
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  • #52
  • Mar 11, 2017 8:54am Mar 11, 2017 8:54am
Quoting 4x4free
my last for this week at Friday the trade need long time right? {image}
Yes you are right!
  • #53
  • Mar 11, 2017 11:42am Mar 11, 2017 11:42am
Hi zentrader8
Could you please tell me what is the significance of rule 2. What are we looking for in the highest and lowest of the 8 o'clock candle.
rules
2.Open the EURUSD Pair, then wait the last two candle before the london market open(i use icmarket, so its 8.00 candle time)hourly candle,wait until it close.
2.look at the highest and the lowest that the 8.00 candle made.
thank you.
  • #54
  • Mar 11, 2017 8:24pm Mar 11, 2017 8:24pm
Quoting Sis.yphus
Hi Zen, I always love simple systems myself. Just want to share a fair warning to those using this system as to what kind statistical edge is needed to trade these kinds of systems. You should only trade this system if your spreads are maybe .1 or .2 pips. Definitely, nothing more than .5 pips and the images below will explain why. If you have a spread of 1-2 pips you need avoid this system or trade it on a much larger time frame with say 150 pip stop and 100 pip target. {image} {image} {image} {image} {image} As can you see, if you have a 2 pip...
Pretty sure if the take profit is 10 pips and the stop loss is 15, then the required win rate to break even would be 60%, not 40% (assuming zero spread).
besides the fact it doesn't work perfectly, that's a handy "calculator". Did you make it Sis.yphus?
  • #55
  • Mar 12, 2017 5:00am Mar 12, 2017 5:00am
Quoting redfan
Hi zentrader8 Could you please tell me what is the significance of rule 2. What are we looking for in the highest and lowest of the 8 o'clock candle. rules 2.Open the EURUSD Pair, then wait the last two candle before the london market open(i use icmarket, so its 8.00 candle time)hourly candle,wait until it close. 2.look at the highest and the lowest that the 8.00 candle made. thank you.
the rule2 is to filter the wrong trade, and only trade the right trade.
You can try to backtest it, and see the result.
The winrate is very high.
  • #56
  • Mar 12, 2017 5:42am Mar 12, 2017 5:42am
This method sounds a lot like the London Open strategy. Each time it is marketed, it seems the market makers hear about it and start sweeping both directions at the London Open to activate the pending orders each way, then roll up and down to collect all the SL's. I don't trade this style, but have seen it discussed several times. It was created by a lady named Cynthia, or Shirley, if I remember correctly, and sold as a system. Apparently, it is now okay to pirate it? HA, that is why you cannot disclose real strategies, lol. Anyway, I do not remember the time frame others used. Maybe on an hour chart you will have better success? Not sure. If too many people start doing it again, they will start sweeping again. The market moves on pending orders and they are visible and lined up for banks to see. In my opinion, this is a risky strategy, but only because I trade London and New York and am familiar with the London Open swings that are most likely designed just to kill this method. Good Luck.

By the way, the past several months have been influenced by a bull market per Trump being elected. Many trades from November to mid-February began 2 hours before the London Open, so if that is the basis for your entry, lol, you are in for a shock. Review the markets prior to the election, and you will see all the swings at the London Open. Just friendly advice
You cannot be extraordinary by being normal
  • #57
  • Mar 13, 2017 1:19am Mar 13, 2017 1:19am
Quoting dkrock
This method sounds a lot like the London Open strategy. Each time it is marketed, it seems the market makers hear about it and start sweeping both directions at the London Open to activate the pending orders each way, then roll up and down to collect all the SL's. I don't trade this style, but have seen it discussed several times. It was created by a lady named Cynthia, or Shirley, if I remember correctly, and sold as a system. Apparently, it is now okay to pirate it? HA, that is why you cannot disclose real strategies, lol. Anyway, I do not remember...

Thanks for your advice,
But im not pirate it.
As i wrote in the first page, i said i was inspired by others, but i developed my own strategy.
My trading strategy it doesnt wait for london open.
and its up to you whether you said its same or not.I dont care.
I just show the way to profit in the market.just share to others some edge in the market.
and you said that if many people doing it, bank will start to sweep again.
I just can laugh bro, if retailer trader like me, who only trade 1-10 lots,can change the way they trade and change how the price move.
You can see and backtest for yourself bro,
if it doesnt fit you, just dont trade it.
Keep it simple bro
  • #58
  • Mar 13, 2017 1:48am Mar 13, 2017 1:48am
BUY STOP
1.0710
TP 1.0720
SL 1.0705

Lets see
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  • #59
  • Mar 13, 2017 2:00am Mar 13, 2017 2:00am
Quoting zentrader8
BUY STOP 1.0710 TP 1.0720 SL 1.0705 Lets see {image}
Hi Zen,

but the 8:00 hour candle did not closed yet?
  • #60
  • Mar 13, 2017 2:02am Mar 13, 2017 2:02am
shouldn't the buystop be at 1.0720?
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