Blessed are they who maintain justice, who constantly do what is right.
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Dislikedok, but if you did the same trade last week it would have been 08:35gmt does that matter? I realise that for \"london\" session your slot is 01:00-03:05est, I just need you to please confirm what we mean by \"london session\"... should we be saying \"europe\" or something...? The basis for this system is to track prices 2 hours prior to the \"open\". For NY its 07:00-09:00 local time est. So are we saying London opens at 07:00 gmt?
sorry, don't mean to pick at bones but I just need someone to set me straight, cheers....Ignored
DislikedHi RR, thank you for your information I check them every time I learn from them.
Can you please give me the information on the stopl. do you enter the sl prier to the trade come a live or just simple watching as it work it self and the right time you close the trade?
Thanks for your help.
EIgnored
Dislikedok, but if you did the same trade last week it would have been 08:35gmt does that matter? I realise that for \"london\" session your slot is 01:00-03:05est, I just need you to please confirm what we mean by \"london session\"... should we be saying \"europe\" or something...? The basis for this system is to track prices 2 hours prior to the \"open\". For NY its 07:00-09:00 local time est. So are we saying London opens at 07:00 gmt?
sorry, don't mean to pick at bones but I just need someone to set me straight, cheers....Ignored
DislikedHi Nomo,
Your method is very interesting to me and I have some questions:
1. Do you use fixed time periods for your boxes or do you choose them according to market condition on particular day?
2. Do you use 1:1 for your PT and ST or sometimes they are different?
If your answer is yes to the above questions then it is fully automated system and as we all know automated systems can not win in the long term. We can assume that the system has 50:50 losers to winners. So with 1:1 Stop loss to Ptofit target you should be break even at the best.
I wonder what is your winning percentage over the long term? What I am trying to find out is how much discretionary decision is involved in this system? Because...Ignored
DislikedI would like to thank you for your system, and the way that you manage this thread.
I'm 100% with you about indicator, ma, bla , blah
As you said>I use London session. My box is from 1:30 AM EST to 3:30 AM EST.. not a hard and fast rule. You can play around with it.
NY session, I use 7:00AM EST to 9:00 AM EST
I have account with oanda and I set the platform time at EST or NY time.
So the london box will be 1:30 / 3:30 AM EST and ny box 7:00 / 9:00 am EST
I'm doing ok?
thanksIgnored
DislikedRR, Tsquad, cheelu ..anyone following this method.
I would like to know how many pairs are you currently trading??
how are you spreading the risk across the board..??
Thanks.Ignored
DislikedHi Nomo,
You may have mentionned it before and if so I apologize in advance.
When looking back to last year's data it seems this method doesn't work nearly as well as the market conditions seem too thin.
Have you been trading that method in those conditions or is it a method that is more suitable to volatile markets such as the current market?Ignored
DislikedRR, Tsquad, cheelu ..anyone following this method.
I would like to know how many pairs are you currently trading??
how are you spreading the risk across the board..??
Thanks.Ignored
DislikedCurrently trading 6 pairs:
EURUSD, GBPUSD, USDCAD, GBPJPY, AUDUSD and USDCHF.
I'm at 1 - 2 % risk per trade. Overall win rate is 3:1. Average win 39 pips average loss 26 pips. Using my 25 PIPs, 1:1 and 2:1 SL moving scheme i leave about 7.9 pips on the table per trade.
RR -Ignored
DislikedPlease understand - I am not being critical. I am very much from the school of \"if it ain't broke don't fix it...\" Your numbers indicate you are doing very well. But I do have one question:
5 of the 6 pairs include the USD. Do you limit your risk exposure during a particular session? A 'whipsaw' concerning the dollar pairs could cost you 5 to 10% (1 - 2% each pair) of your account.
Thanks for your input...
T....Ignored
DislikedI hear you. Just reporting what I'm doing now. It's not for everyone and not what NOMO recommends, nor am I recommending it.
Surprisingly, I'm usually not in many of these trades at the same time. Many of my trades only last for about 5 - 10 minutes and I'm out. Also, many times a move in EUR, for example, is mirrored in the GBP, but one is happening outside the box and the other may be inside the box so I only have one position open.
I guess that I should add that EURUSD and GBPUSD are my priority. EURUSD for the smaller spread and GBPUSD for the bigger daily range. My daily goal is 25 pips so everything else goes into the \"bank.\"
RR -Ignored