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That is a nice post, indeed. That is why I think everyone should try and build an EA for his/her system: not exactly to use it, but to put it to test even before forward manual tests! An EA can prove a system wrong in minutes, while testing it manually could take years! As I posted before, I could not find any suitable time-related method yet and a lot of time systems out there (even in books, like I said in another post on IGROK) are just not profitable. But I also think that time-related method exists. Keep the thread going with your discoveries.
Hi guys , --id-- and xx3xxx thanks for your kind words.
Well , I still haven't had time to sit down and systematize everything, but one thing I learnt for sure - this business is for patient or / and diligent people
Actually it is enough to be only one of the above.
Anyway - I think that from a daily sweep of about 1000 pips (E/USD) , if you , the trader, can get 50 and make it with high probability of winning ( say win 6 days out of 8) then you are perfect ! But it is not so every day. Sometimes you say a trend is exhausted , or jumpy or it is Friday
All that means that you should trade only on a day where you are reasonably sure of the outcome. Trade after a big news , like Aussie dollar last week, JPY lately , tomorrow euro and pound
And that ultimately means that only parts of the day are suitable for a profitable trading ! Or parts of the week ..... etc.
The same with the lunch time reversal, here come the americans and everything is upside down.... Why - hard to explain. Currency weakness, lots of money.... But it happens quite often.
Same principle can be applied to the European market here , it is quite logical that in the morning (Europe) the boys are selling the euro. I will not say that it is every single day , but more so than not.
Put a little candle-counting, Fibo-measuring , trendline following, and the day looks profitable !! I have more ideas , and try to follow them, and some day will write a little more here.
Cheers all
No activities in this thread latelly...
Has anyone tried this? It seems close to what this thread is all about. It is a strategy by Kathy Lien and Boris Schlossberg.
Best Regards
Hi pals
No activities in this thread latelly...
Has anyone tried this? It seems close to what this thread is all about. It is a strategy by Kathy Lien and Boris Schlossberg.
Best RegardsHi again
I am not around lately, too much work (office hours) and money (out of office forex)
. BTW this is a problem , when I took a holiday 2 months ago, I lost such a great opportunity
Well there will be another day, another pip(s) !!!
So about this method above, the Asian high-low , well I haven't . But some months ago I was interested in G/JPY , you know because of the big moves. But it came to nothing. And looking at U/J these days - no money. The profits are uncertain in the Asia session, in my opinion, and I sleep then. And I can not trust the japs with my money
. I say, wait and trade in the morning, just like the big bankers. They wake up, check the Nikkei and others , and here we go...
Comments are welcome.
GL to all
" lunch time reversal, here come the americans and everything is upside down"
i have a hypothesis on that
why lunch time or in 1 normal day, price jump up and down
and why if there is one determination bar (long long 30M 1 candle)
within 36 hours, the price will reach the extreme of those level
it is JUST ABOUT GAP -- my hypothesis
if a brokers is regional, it has to buy or sell , if there is excessive buy or sell after NET
so they will not buy or sell INSTANTLY if you are just retails
they will move the market to the GAP - so they could BUY BACK or SELL BACK, if there is a net INFLUX of buy/ sell order
and they could win money with their own holding while assume retail customer will likely to lose money
so they MOVE THE MARKET with BIG ORDER , steadily
80% or 120% is the best approximation on those GAP / determination bar, the price will reach that part again
try to write
Hi
I have to apologize
I didn't write here because I was busy , and profitable and this site stopped
supporting my browser. Now I will try to use my phone. Fingers crossed and updates will come...
worked ok then dropped. I hate all cr..py browserd versions and bull...t
I will type on my PC . Then send.
Soon...
Any comments before that?
Anyone to show some interest ? I need some readers/public
Soon...
Anyone to show some interest ? I need some readers/public Soon...
So nobody reads here or cares to know about my idea? Good. I
will stop entering and writing