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Market Predatorfx58

  • #121
  • Jun 14, 2017 9:09am Jun 14, 2017 9:09am
Starting with Aud Pairs:
This asset ranges in any market and experience the actual breakout in any market depending on the correlation.
Hence we look for the ranges and the expected news, the results will tell the final story.
Lets See...
Four (4) Assets:
AudCad
AudJpy
AudNzd
Audusd

No Chf-Sorry
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Audcad Break.png Size: 54 KB
Click to Enlarge Name: Audjpy Break.png Size: 51 KB
Click to Enlarge Name: Audnzd breakout.png Size: 69 KB
Click to Enlarge Name: Audusd Break.png Size: 59 KB
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  • #122
  • Jun 14, 2017 9:16am Jun 14, 2017 9:16am
CadJpy-Tricky Pair but we still had a breakout plus reversal. This one has strong influences from being an Oil/energy driven pair.
Attached Image (click to enlarge)
Click to Enlarge Name: CadJpy Breakout & Reversal.png Size: 89 KB
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  • #123
  • Jun 14, 2017 9:38am Jun 14, 2017 9:38am
Quoting PrinceJ58
{quote} 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...
I understand the reason to ride the trend. But I also feel that sometimes, it's better to take the profit and go? You never know what will happen the next moment. So it's clear for Asian session what time we look for a range. What about London and NY sessions? What are the exact times we should look for to find the range? This would help in filling up the cheat sheet.
  • #124
  • Jun 14, 2017 9:42am Jun 14, 2017 9:42am
Eur-Pairs
Most times have breakouts in London or US Session for the fact that both London and US plays an integral role in the Momentum of the pairs- Correlation do play apart.

Euraud
Eurcad
Eurgbp
Eurjpy
Eurusd

Sorry No Chf.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Euraud Break.png Size: 46 KB
Click to Enlarge Name: Eurcad Break.png Size: 56 KB
Click to Enlarge Name: EurGbp Break.png Size: 49 KB
Click to Enlarge Name: Eurjpy Break.png Size: 71 KB
Click to Enlarge Name: Eurusd Break.png Size: 63 KB
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  • #125
  • Edited 9:59am Jun 14, 2017 9:47am | Edited 9:59am
Quoting fanatics
{quote} I understand the reason to ride the trend. But I also feel that sometimes, it's better to take the profit and go? You never know what will happen the next moment. So it's clear for Asian session what time we look for a range. What about London and NY sessions? What are the exact times we should look for to find the range? This would help in filling up the cheat sheet.
In answering your question, most news items come at the start, or mid way the time of the session... so once there is a range for the previous session, look to place the orders before the ranging session ends.

I mentioned a particular time due to the fact that i usually have a preferred time to go to bed. My trading hours and availability are also tied to my daily schedule to factor in work, sleep, travel, family time. Systematic way of living- routine standards.

News data example found below were all in the start of the new session or midway.
Attached Image (click to enlarge)
Click to Enlarge Name: News For This week June 4-9.png Size: 90 KB
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  • #126
  • Jun 14, 2017 10:45am Jun 14, 2017 10:45am
Gbp Pairs:
Breakout & Reversals
GbpAud
GbpCad
GbpJpy
GbpNzd
GbpUsd

No Chf...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Gbpaud break.png Size: 41 KB
Click to Enlarge Name: GbpCad Break.png Size: 61 KB
Click to Enlarge Name: GbpJpy Break.png Size: 51 KB
Click to Enlarge Name: GbpNzd Break.png Size: 44 KB
Click to Enlarge Name: Gbpusd Break.png Size: 47 KB
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  • #127
  • Jun 14, 2017 11:08am Jun 14, 2017 11:08am
NZD Pairs

NzdCad
NzdJpy
NzdUsd

No Chf
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Nzdcad break.png Size: 60 KB
Click to Enlarge Name: NzdJpy Break.png Size: 58 KB
Click to Enlarge Name: NZDUSD BREAK.png Size: 62 KB
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  • #128
  • Jun 14, 2017 11:36am Jun 14, 2017 11:36am
I Recommend to stick to trading the Currencies
Commodities-Review
N.B. If you deviate from this advice you will have to take all responsibility for your actions.

Final Assets:
Silver-Xagusd
Gold-Xauusd
Usdjpy
Usdcad
WtiUsd

Cheers!!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Silver Break.png Size: 67 KB
Click to Enlarge Name: Gold Break.png Size: 73 KB
Click to Enlarge Name: Wti Break.png Size: 87 KB
Click to Enlarge Name: Usdcad Break.png Size: 40 KB
Click to Enlarge Name: UsdJpy Break.png Size: 82 KB
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  • #129
  • Jun 14, 2017 11:46am Jun 14, 2017 11:46am
Share your thoughts and findings...It is recommended to share your thoughts, to know if you are on the right track.
N.b. Fill out the Cheat Sheet, it will be evaluated to know if you are on the right track.
Your sowing into this thread will enable you to have similar experiences whether favourable or unfavourable.

A Note to All who visits:
Past Results are not indicative of future results. Illustrations used were live market structure and results of the financial markets.
This strategy/system is only a means of Research and Development and should be used only as a means of education.
Thee author: PrinceJ58 will not be held responsible for any miss-use of written information, links or data found on this thread.


Cheers!
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  • #130
  • Jun 14, 2017 12:17pm Jun 14, 2017 12:17pm
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.
Dear friend, may I ask for winter is 1 hour later and now summer 1 hour earlier e.g. nov & march it different as US and Europe switch daylight savings on different dates. On broker platform If you count the bar say from 00.00 it will be the same with the acceptations in nov & march. e.g. London open is bar 10 from 00.00 as brokers platform adjust the 00.00 time to start earlier in summer. Pls correct me if I am wrong love your input on this TQ
Self discipline It is a practice
  • #131
  • Jun 14, 2017 12:28pm Jun 14, 2017 12:28pm
Quoting okshop
{quote} Dear friend, may I ask for winter is 1 hour later and now summer 1 hour earlier e.g. nov & march it different as US and Europe switch daylight savings on different dates. On broker platform If you count the bar say from 00.00 it will be the same with the acceptations in nov & march. e.g. London open is bar 10 from 00.00 as brokers platform adjust the 00.00 time to start earlier in summer. Pls correct me if I am wrong love your input on this TQ
This I how I traded yr strategy, Suggestion (range detection from (00.00 to 07.00) break on (08.00 / 09.00 / 10.00) if no break wait next session (next day) rule range must be in a certain pips high low (e.g. 35 pips) tp1 161.8 tp2 261.8 (order 2 to be when order 1 hit tp) start 07.00 with a buy stop & sell stop order to trigger n delete the previous.
An upgrade can be included later to recover from false break. regards (Different pairs other characteristic)
Attached Image (click to enlarge)
Click to Enlarge Name: gu break out.JPG Size: 157 KB
Self discipline It is a practice
  • #132
  • Jun 14, 2017 2:45pm Jun 14, 2017 2:45pm
Quoting okshop
{quote} Dear friend, may I ask for winter is 1 hour later and now summer 1 hour earlier e.g. nov & march it different as US and Europe switch daylight savings on different dates. On broker platform If you count the bar say from 00.00 it will be the same with the acceptations in nov & march. e.g. London open is bar 10 from 00.00 as brokers platform adjust the 00.00 time to start earlier in summer. Pls correct me if I am wrong love your input on this TQ

It is customary for the UK to observe Day light Saving Time (DST) from March to October every year. However, a lot of people are not aware of this, which leads to mistakes even in trading. Should you follow well know Trading fundamentally driven company's like Bloomberg, Reuters and others you will be updated when these changes are made. Hence no need to worry.

GMT is said to be the standard time zone for places like Ireland and the United Kingdom, which also includes other places like England, Wales, Scotland and Northern Ireland. These countries use DST during a certain part of the year, but utilizing different names.
The United Kingdom and its Crown dependencies use British Summer Time (BST) during the DST period. BST does not apply to the British Overseas Territories, like the British Virgin Islands and or Gibraltar.

In Ireland, the DST time zone is called Irish Stand Time (IST) quite unique to them. This is also referred to as the Irish Summer Time. So therefore both BST and IST would be considered one hour ahead of GMT during these times.

So for clarity the only European country which stays on GMT all year is Iceland.

Therefore for the system to function right all the time you have to be aware of these technicalities and never miss out when you hope to trade.
There for during the summer, from around 3:00 am -4:00 am EDT, the Tokyo session & the London session will experience an overlap. While, during both summer and winter from 8:00 am-12:00 pm ET, the London session and the New York session will experience their overlap.

Est in other words really stands for Eastern Standard Time, While EDT refers to Eastern Daylight Time.

The reality is that EST is usually used for six months of the year, and EDT is utilized for the other six months of the year. During the months of Daylight Savings Time which is said to be March 8th to November 1st, though it varies from year to year. Does it really matter you ask?

For more information on the above mention you may find the Reference here: https://www.timeanddate.com/time/uni...ngdom-bst.html
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Summer time.png Size: 36 KB
Click to Enlarge Name: Winter.png Size: 36 KB
Click to Enlarge Name: Summer versus winter time.png Size: 61 KB
Attached Image
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  • #133
  • Edited 4:02pm Jun 14, 2017 3:14pm | Edited 4:02pm
Quoting okshop
{quote} This I how I traded yr strategy, Suggestion (range detection from (00.00 to 07.00) break on (08.00 / 09.00 / 10.00) if no break wait next session (next day) rule range must be in a certain pips high low (e.g. 35 pips) tp1 161.8 tp2 261.8 (order 2 to be when order 1 hit tp) start 07.00 with a buy stop & sell stop order to trigger n delete the previous. An upgrade can be included later to recover from false break. regards (Different pairs other characteristic) {image}
This idea is basically implementing what i consider to be a customized fibs, which incorporates the 123 pattern with fib retracement and extensions into one tool, using the extension as take profits in accordance with the level of pullback being #2 in the 123 system: whether #2 is the 38.2, 50 or 61.8 retracement level which would also determine the likely take profit levels found at 161.8, 261.8 and 423.6 extension levels for Take Profit zones, Really clever.

an example of the tool on the chart
Attached Image (click to enlarge)
Click to Enlarge Name: 123 tool.png Size: 73 KB
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  • #134
  • Jun 14, 2017 4:02pm Jun 14, 2017 4:02pm
An example of the tool on the chart above.
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  • #135
  • Edited 9:09pm Jun 14, 2017 5:58pm | Edited 9:09pm
Can this indicator be upgrade to fit out strategy...
It should reflect mm session.
The main concern here is ADR that is Less than Half of the Daily Average range of an asset.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Box Stats.png Size: 73 KB
Click to Enlarge Name: Winning indicator.png Size: 130 KB
Attached File(s)
File Type: mq4 AuthorizedSSBODynamicBreakoutBoxFinalEdition.mq4   41 KB | 456 downloads
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  • #136
  • Jun 14, 2017 10:04pm Jun 14, 2017 10:04pm
The next move is to combine the necessary information needed to trade this strategy into one PDF or word document to make this easier.

The idea is that this strategy works across all volatile assets, across all sessions. The driving force behind this system is the ranges found leading up to the upcoming session with medium to high impact news, yes fundamental data releases. This system is aimed at capitalizing on breakouts both ways for some pairs. Hence we need two pending orders. Pin bars, morning and evening stars inclusive of other reversal bars are common scenarios found at resistance / support zones.

Most of the high volume pairs are GBP pairs which has high ADR's of over 100 pips per day.
So one can choose 6 pairs everyday and possibly get 300-400 plus pips easily. Yesterday is an exception.
Not to mention wti, gold and silver. To trade the commodities is very risky though.

So as long as the pair is operating less than 1/2 of the ADR in pip range, we should be interested. Tight ranges suggest pending breakout.


Ranges may also be traded. Whoever is seriously interested in helping with this coding will get added information necessary to cover all aspects of the market. A real set and forget expert advisor based system.
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  • #137
  • Jun 14, 2017 11:35pm Jun 14, 2017 11:35pm
Quoting PrinceJ58
The next move is to combine the necessary information needed to trade this strategy into one PDF or word document to make this easier. The idea is that this strategy works across all volatile assets, across all sessions. The driving force behind this system is the ranges found leading up to the upcoming session with medium to high impact news, yes fundamental data releases. This system is aimed at capitalizing on breakouts both ways for some pairs. Hence we need two pending orders. Pin bars, morning and evening stars inclusive of other reversal...
I am interested and can help on the coding.
  • #138
  • Jun 14, 2017 11:44pm Jun 14, 2017 11:44pm
High probability Ranging assets:

Let us see what will happen.
Fanatics, OkShop, cliffyC...

These are not 8 signals, just 8 observations, i will be heading to be now. No I have not Really Count the Chf's-They Look Great Though.

usdcad
gbpusd
gbpcad
gbpjpy
eurusd
eurgbp-Dont like it that much (eur and gbp have to be in mayhem for this one to be of any substance to me)
eurcad
Usdchf-first news item
GbpChf
CadChf
Chfjpy-So wide But i Will Still Try
Eurchf
wti

The Cheat sheet would have helped...
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  • #139
  • Jun 14, 2017 11:51pm Jun 14, 2017 11:51pm
Quoting PrinceJ58
High probability Ranging assets: Let us see what will happen. Fanatics, OkShop, cliffyC... These are not 8 signals, just 8 observations, i will be heading to be now. No I have not Really Count the Chf's-They Look Great Though. usdcad gbpusd gbpcad gbpjpy eurusd eurgbp-Dont like it that much (eur and gbp have to be in mayhem for this one to be of any substance to me) eurcad Usdchf-first news item GbpChf CadChf Chfjpy-So wide But i Will Still Try Eurchf wti The Cheat sheet would have helped...
Thanks and sorry, I didn't log in to trade irl. Stayed away from the fomc. (Feeling coward )

let me read up up all the contents.
Thanks Fanatics, PrinceJ58, Okshop for keeping this trade alive
  • #140
  • Jun 15, 2017 12:07am Jun 15, 2017 12:07am
Quoting CliffyC
{quote} Thanks and sorry, I didn't log in to trade irl. Stayed away from the fomc. (Feeling coward ) let me read up up all the contents. Thanks Fanatics, PrinceJ58, Okshop for keeping this trade alive
Soldier why should we kill the heart beat of the system my Friend, You have to be Hungry... Show no fear or mercy, if you do in the end you will feel like you had just stepped into a deep hole. In this war you can never give up, surrender or back down. You got to let the system prove itself, if your fearful try it on a demo, it should not hurt.

Micro accounts are good for testing too.

Soldier Don't forget the Mission!!!!Do it, informed and without fear!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: trading-like-a-sniper-what-it-really-means-2ndskiesforex.jpg Size: 168 KB
Click to Enlarge Name: 11.jpg Size: 362 KB
Attached Image
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