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Market Predatorfx58

  • #101
  • Jun 13, 2017 9:20am Jun 13, 2017 9:20am
Quoting PrinceJ58
Waiting and knowing when is considered the right time to trade an asset is powerful. This info you may read on this link: https://justforex.com/blog/trading-sessions/ It maybe helpful to someone, never pretend that you know everything. I learn from 5 year, 10 year old children, and I learn everyday...read read read. All Rights of the information in this post # is reserved to "Justforex.com" {image} {image} {image} {image}
Thank you so much. God bless you and your family and everyone here.
Cheat sheet! Here I come!
be back later.
back to reading and learning this.
if only someone taught me this eaelier
" I won't know, what I don't know"
  • #102
  • Jun 13, 2017 9:24am Jun 13, 2017 9:24am
Thank for your advices. I think shouldn't be an issue if the time discrepancy about winter vs summer is not too big. I will test before confirmation to use.
Quoting PrinceJ58
{quote} This is great there is a trick to the session indicator and you have to be aware of this when it is winter versus summer, where the time is concerned. One begs to ask the question, PrinceJ58 what difference does the session make with my trading being successful, based on my expectations in trading volume. Be aware, Be found with knowledge. It is better to know something than to flow with the unknown, not every where the crowd goes, you should follow. {image} {image} {image}
SVT refer to mql5 link
  • #103
  • Jun 13, 2017 9:29am Jun 13, 2017 9:29am
Yes, Asian session is always ranges especially Monday. Try to avoid if can.
Quoting CliffyC
{quote} I like to price in after Asian session has ended. I got stopped out of eurnzd. Oops and let it trend if I can for London and New York session and ill use the csdash meter, when each session starts. To have a "feel" I remember reading somewhere here that Asian session always ranges. And trading away from the open of the day. least aside, with a session range historical data - hmmmm that's the cheat sheet imo
SVT refer to mql5 link
  • #104
  • Jun 13, 2017 9:36am Jun 13, 2017 9:36am
Quoting SubheadSeven
Thank for your advices. I think shouldn't be an issue if the time discrepancy about winter vs summer is not too big. I will test before confirmation to use. {quote}
My friend it does affect it, the opening hours do change, so if you are use to trading the opening of a session you will either be 1 hour too early or too late.
R:R "Percentage Focus"
  • #105
  • Jun 13, 2017 9:39am Jun 13, 2017 9:39am
Quoting SubheadSeven
Yes, Asian session is always ranges especially Monday. Try to avoid if can.{quote}
It is the range that brings excitement to this system my friend. We are looking for ranges less than 1/2 of the daily range of the asset, most times this happens prior to news events which will push the market with high volume and volatility. This is required to move the market and bring your account good rewards for your educated decisions.
R:R "Percentage Focus"
  • #106
  • Jun 13, 2017 9:41am Jun 13, 2017 9:41am
Quoting PrinceJ58
{quote} So if the normal session is say usa- like usdjpy, usdcad- the average normal range is 80 pips for the sake of this example but during the present session it is below 1/2 of the amount like 30 or lower, we should be interested, right? We Would need an ADR Alert to say "asset currently below 1/2 of the normal range". Whether in dashboard format or something like that.
This perks my interest too
  • #107
  • Jun 13, 2017 9:42am Jun 13, 2017 9:42am
I see. if 1 or 2 hours different then is ok.
Quoting PrinceJ58
{quote} My friend it does affect it, the opening hours do change, so if you are use to trading the opening of a session you will either be 1 hour too early or too late.
SVT refer to mql5 link
  • #108
  • Jun 13, 2017 11:18am Jun 13, 2017 11:18am
Quoting PrinceJ58
Post a picture of a breakout & share your thoughts. Whether you took the trade or not, only those who give will get. Share what you have learnt, like, seen, or want to understand. The system is fool proof, so you may proceed.
here are the charts of the trades taken. I think from how the charts have progressed after I took profit, it is clear that there's more room before we should close to maximize profit. Is it adviseable to wait further or is it better to close out and go?

Or are today's results just an extraordinary day of good profit? What's your experience after trading this strategy for so long? Is this kind of performance consistent and is it repeatable on a long term basis? Many thanks for sharing!!!

Hope my charts will inspire more people
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  • #109
  • Jun 13, 2017 6:23pm Jun 13, 2017 6:23pm
Quoting PrinceJ58
Thanks for all those who have spent time to read thus far, we have just started and will continue. Thank you for your thoughts everyone, they have been read and considered. Shifting out the bad and leaving the good is the main aim here. I am also sure that many thoughts will come through and combine to create something of worth. I will continue with the range breakout, Displaying the ease of tools/indicators that make life much easier in identify the ranges for potential breakouts. Each asset has their own volatility and average daily range that...


Fanatics i like your charts, as stated in post #8 i must say usually i would take profits right before the New York open, however if i want it to stay i would put a stop-loss at break-even, close part of the trade position or trail closest to my 50 pips target. Nevertheless i was always satisfied with before New York as sometimes not always, price would retrace if not change trend direction. In trading London open as the 1st post had suggested, sometimes there will be signs of candles suggesting reversals, whether it is a bullish or bearish pin-bar/shooting star, morning star evening star. Look out for those. Fanatics your charts had shown them clearly.

You closed out some of your trades too early, look to see if right before New York opened would have brought more profits for the trades. Let see which ones would be more beneficial in terms of pips in our favour right before New York.

From checking your charts displayed, out of 10 trades 3 retraced clear from the profits after to going to an extreme high or low and one had mixed signals-was a confused pair.

 

  1. Gbpchf-Good
  2. Usdjpy-Retraced-Reversal Pinbar
  3. EurAud-Good
  4. Chfjpy-Retraced-Reversal Pinbar
  5. Gbpjpy-Good
  6. Eurjpy-Retraced-Reversal Pinbar
  7. Eurgbp-Good-But gave you a panic
  8. Audchf-Good
  9. Audcad-Good
  10. Eurusd-Mixed Signals-Gave five (5) Reversal signals one in the middle, one close to new york open and one after the open.

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  • #110
  • Jun 13, 2017 7:14pm Jun 13, 2017 7:14pm
Quoting PrinceJ58
{quote} Fanatics i like your charts, as stated in post #8 i must say usually i would take profits right before the New York open, however if i want it to stay i would put a stop-loss at break-even, close part of the trade position or trail closest to my 50 pips target. Nevertheless i was always satisfied with before New York as sometimes not always, price would retrace if not change trend direction. In trading London open as the 1st post had suggested, sometimes there will be signs of candles suggesting reversals, whether it is a bullish or bearish...
Thanks for your analysis. I will try demo today to close all open trades right before new york open and see the results.
  • #111
  • Jun 13, 2017 8:40pm Jun 13, 2017 8:40pm
Quoting fanatics
{quote} Thanks for your analysis. I will try demo today to close all open trades right before new york open and see the results.
That will be great Fanatics, looking forward to your results. If the trade does not hit stop loss, let it ride, most times i am sleeping and would be up just before New York open. Should your timezone allow you to up watching the trades you will panic or try to save the account- this is generally the bait the market makers use to attract the fish towards the bait-your account funds is the fish. If you are able to exercise patience and put emotions to sleep, that small fish will turn into a whale if you learn to nibble of the bait they set on the hooks.

When the contract size is in multiples of 3's or 4's, the trades can be closed or scaled out in different sequences. Scaling out in quarters of the adr -1/4, 1/2, 3/4 and then leave the last 1/4 quarter to trail. That would be a nice concept for an E.A. Coders, my thoughts .
The reason is that on different occasions price tends to continue into the next session. Other times if it had the breakout with the trend, that last 1/4 of the open order would be great to ride the trend.

Scaling out order size example below:

Contract size for scaling out:
3= 0.03, 0.06,0.09
0.30, 0.60, 0.90
3.00,6.00, 9.00

4=0.04, 0.08, 0.12
0.40, 0.80, 1.20
4.00, 8.00, 12.00


Those big lots could work on the typical standard accounts, mini accounts and micro account. So you would use the account which is suitable for you.
The micro accounts present a better risk management.


Below is a link to guide you how to choose a broker. Yes for those who are just beginning, yes i am still thinking about you guys and gals.
https://forexuseful.com/new/members/...-forex-broker/
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  • #112
  • Jun 13, 2017 8:43pm Jun 13, 2017 8:43pm
Yes we have opportunities every single day of this week, do we?
Even though Monday did not carry a High impact rated news, the cad responded in like fashion pushing up the pair with others to follow.
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  • #113
  • Jun 13, 2017 8:51pm Jun 13, 2017 8:51pm
Try, Nothing beats a trial but a...unwillingness to try
think about it.
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  • #114
  • Jun 13, 2017 8:59pm Jun 13, 2017 8:59pm
Expecting...Cheat sheet results soon...Multiplied effect for those who have done it, it will be ingrained, like a branded cow.
Branded cow-Broker
Farmer-Trader/ Investor

Learn to milk them dry...
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  • #115
  • Jun 13, 2017 11:09pm Jun 13, 2017 11:09pm
Quoting PrinceJ58
Yes we have opportunities every single day of this week, do we? Even though Monday did not carry a High impact rated news, the cad responded in like fashion pushing up the pair with others to follow. {image} {image}
So do we try out other sessions like asian and New York when the session before is ranging? Meaning not just target trading London session? But when will we close the orders? Just like London, we close at the end of the session? But what would the correct range timings to look at for the different sessions? You have mentioned asian we look at gmt 12am to 4am. How about London and New York sessions?
  • #116
  • Jun 14, 2017 6:51am Jun 14, 2017 6:51am
The simple answer is yes you can...lol
R:R "Percentage Focus"
  • #117
  • Jun 14, 2017 7:29am Jun 14, 2017 7:29am
Quoting PrinceJ58
The simple answer is yes you can...lol
Thank you. Ok let me share my results for today's demo. I followed your advice and only closed all orders just before new york close. Some hit my tp of RR = 1:2. Also had some stop losses. But overall it was a good day! Thanks for your sharing! Will love to learn more from you!
  • #118
  • Jun 14, 2017 7:33am Jun 14, 2017 7:33am
Quoting fanatics
{quote} Thank you. Ok let me share my results for today's demo. I followed your advice and only closed all orders just before new york close. Some hit my tp of RR = 1:2. Also had some stop losses. But overall it was a good day! Thanks for your sharing! Will love to learn more from you!
The complicated answer is:

It's pretty simple my friend when the market is closed the session has less volumes unless strong correlations are in place with the USD. Check to see that each asset ranges at different times and still yield a breakout.

The aim is not to lock yourself into just one session, or else we might just as well call it a London breakout. My daily timing is intertwined with US seasion, so I would go to work and when I get home US session is closed but I still want to trade so I would still look for opportunities over Asian session to be enabled during London.

If I want to sleep I have to create a strategy that can allow me to sleep yet still be in a trade when there are high volumes presented in the market.

For this system to work all the trader needs to do is to find that pair that is acting up. The pair is like a child if they not playing, giving some form of trouble, being up and about, then something must be wrong, so as parent's both persons would want to know if everything is OK and would do anything to make it right. So they would sit on both ends of the bed-two pending orders to buy or sell.

Sometimes a pair will range the entire day, across all sessions! In an all day ranging scenario you would be shocked to know that London did not trigger the order? Oh the system doesn't work! No my friend, it is the fundamental activities that is the driving force. Breakouts take place even in Asian session.

You learnt using one session, now the eagle pushes out the eaglets and say fly. They have to, this is thousands of feet/meters above ground level they almost in the sky already. So if they just adjust themselves with those strong wings, to try and stay alive the wind will pick them up and they will glide in the wind.

This is the reason for the cheat sheet. Each asset ranges based on the news that is due to be released in their trading business day. It is for us to be informed and look for those opportunities as they arise. As you will now observe in your charts, you will realise that breakouts do take place in every session.

Cheers!
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  • #119
  • Jun 14, 2017 8:33am Jun 14, 2017 8:33am
Any coders have any thoughts?
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  • #120
  • Jun 14, 2017 8:42am Jun 14, 2017 8:42am
The results today have said alot...Hmm is it profitable or not?
In going through 23 assets which include Gold, Silver and Wti, I have excluded CHF-Margin and spread requirements versus per pip payout.

I will be displaying the assets.
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