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Trading is as simple as 1-2-3

  • #3,301
  • Apr 28, 2017 3:02am Apr 28, 2017 3:02am
Quoting lemercenaire
{quote} In this particular case, I was scalping EJ using one method (which I don't post on FF) and then running a 1-2-3 at the same time. Normally doesn't really make any sense. The reason it was ok here was that the 1-2-3 move came when the scalping move was in a pullback, so I wasn't trading it. As for the NJ trade, nice catch. (From earlier: ''Assuming your broker spreads don't kill you on this pair, one for the Watch-List.'') {image} Looking at the big picture, you can see the clues...

Im assuming the "Deadzone" was the area to Reverse trade? I would hope. I mean it dropped like a sack of potatoes tbh lol
  • #3,302
  • Apr 28, 2017 3:05am Apr 28, 2017 3:05am
Quoting hal7
{quote} Not really I don't think there are too many drawbacks to when you trade. Probably not when NY session over and before Tokyo takes over 3 hours later is the deadzone. I trade usually the first hour into London and am done depending on the day before it gets into NY.
Also Hal I read somewhere you start at 3:30am est if I'm not mistaken.
LO still has an hour or two to approach.
How do you spend the time until then?
  • #3,303
  • Apr 28, 2017 3:48am Apr 28, 2017 3:48am
Quoting faatkumo
{quote} Also Hal I read somewhere you start at 3:30am est if I'm not mistaken. LO still has an hour or two to approach. How do you spend the time until then?
London opens 3:00 am EDT, last time I checked.
  • #3,304
  • Apr 28, 2017 3:55am Apr 28, 2017 3:55am
Quoting faatkumo
{quote} Also Hal I read somewhere you start at 3:30am est if I'm not mistaken. LO still has an hour or two to approach. How do you spend the time until then?
...
Attached Image (click to enlarge)
Click to Enlarge Name: london.png Size: 104 KB
Money is made by sitting, not trading. Jesse L. Livermore
  • #3,305
  • Apr 28, 2017 3:59am Apr 28, 2017 3:59am
uc
Attached Image (click to enlarge)
Click to Enlarge Name: uc.png Size: 28 KB
Money is made by sitting, not trading. Jesse L. Livermore
  • #3,306
  • Apr 28, 2017 4:04am Apr 28, 2017 4:04am
Thanks for clarifying that sam69, I was ready to go back to bed for a few hours. Nice score on the UC
  • #3,307
  • Apr 28, 2017 4:29am Apr 28, 2017 4:29am
Quoting faatkumo
{quote} Im assuming the "Deadzone" was the area to Reverse trade? I would hope. I mean it dropped like a sack of potatoes tbh lol
The Dead Zone is the name of another method I run.
  • #3,308
  • Apr 28, 2017 5:02am Apr 28, 2017 5:02am
So then are the traders known as Dead Heads?

Just kinda watching things today, Friday and doing some statistical analysis. They say statistics don't lie but I find that to be a lie often.

Last hours I did get in the NZ but here is how my pairs fared. au +4, eu 0, ej 0, gu +12, gj 0, nz +6, jy 0, eg +1

Glad I was mostly watching.
  • #3,309
  • Apr 28, 2017 6:03am Apr 28, 2017 6:03am
Attached Image (click to enlarge)
Click to Enlarge Name: 42817 123 au.png Size: 17 KB

Took this AU short last hour and took +5, trying a different strategy today. This particular trade moved up quite a bit toward that high before turning down and that is when I went in.
  • #3,310
  • Apr 28, 2017 7:18am Apr 28, 2017 7:18am
Hal7,
Where can I find the indicators for this chart? I found nothing in the attachments.
Thanks
Ludo
  • #3,311
  • Apr 28, 2017 7:39am Apr 28, 2017 7:39am
Attached Image (click to enlarge)
Click to Enlarge Name: 42817 123 nz.png Size: 18 KB

I lucked out on this NZ long. Have been in it for hours. Missed my +5 the first hour. Then finally got it this hour before the bottom dropped out. Friday trading. Think I'll call it a week.
  • #3,312
  • Apr 28, 2017 7:45am Apr 28, 2017 7:45am
Quoting ludo willems
Hal7, Where can I find the indicators for this chart? I found nothing in the attachments. Thanks Ludo
Ludo this is TooSlow's template I use. It has been a long time since I set it up but I believe in is in the attachments somewhere might want to reference TooSlow if you can find it there.
  • #3,313
  • Apr 28, 2017 8:59am Apr 28, 2017 8:59am
Attached Image (click to enlarge)
Click to Enlarge Name: 42817 123 jy.png Size: 16 KB

Got in one last trade on this JY +5. So on this day with a slightly different approach I was EU -8, AU +5, NZ +5, JY +5 for a net of +7. My EU was just a poor choice at the time. My theory on this approach to the method is to take the 5 for modest profit each day. I also look to have price move against the hourly open in a solid way then move back though for my entry. My EU loss did not do this. I am also studying a statistical analysis of trades I have logged since January. I wanted to see how many of these set ups get to +5. I am early on and there will be probably well over 1,000 trades but so far, it looks like around 72% of these traded clear the +5 in the current hour.
  • #3,314
  • Apr 28, 2017 9:55am Apr 28, 2017 9:55am
Quoting hal7
{quote} London opens 3:00 am EDT, last time I checked.
my session open indicator was completely off. Jesus how embarrassing.
  • #3,315
  • Apr 28, 2017 10:16am Apr 28, 2017 10:16am
Trying to find some news or reason on the enormous volatility right now, i entered trades 11am est got smacked on several even with a 15pip SL.
Anyone know?
  • #3,316
  • Apr 28, 2017 10:18am Apr 28, 2017 10:18am
Maybe the Revised Consumer Sentiment that had a MED flag?
Revised UoM Consumer Sentiment
Revised UoM Consumer Sentiment
Revised UoM Consumer Sentiment
  • #3,317
  • Apr 28, 2017 11:04am Apr 28, 2017 11:04am
Quoting hal7
So then are the traders known as Dead Heads? Just kinda watching things today, Friday and doing some statistical analysis. They say statistics don't lie but I find that to be a lie often. Last hours I did get in the NZ but here is how my pairs fared. au +4, eu 0, ej 0, gu +12, gj 0, nz +6, jy 0, eg +1 Glad I was mostly watching.
I have a sticker on my Cadillac
  • #3,318
  • Apr 28, 2017 11:08am Apr 28, 2017 11:08am
Quoting faatkumo
Trying to find some news or reason on the enormous volatility right now, i entered trades 11am est got smacked on several even with a 15pip SL. Anyone know?
It's a Friday. It's the end of the month. Heading into a bank holiday in the uk...but mostly, it's a Friday, lol.
  • #3,319
  • Apr 28, 2017 11:21am Apr 28, 2017 11:21am
Quoting lemercenaire
{quote} It's a Friday. It's the end of the month. Heading into a bank holiday in the uk...but mostly, it's a Friday, lol.

So i guess London Session last opportunity for a Friday, especially the last Friday of a month? lol
  • #3,320
  • Apr 28, 2017 11:21am Apr 28, 2017 11:21am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 55 KB
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