I would like to commit to a trading instrument and strategy that I can focus on (and which is profitable at the end of a period like 30,60 or at least 90 days). What that is isn't that important to me. It is important to me to have something ...

15 minute opening range Forex

Funny picture. Nice feet, laugh. I will also go swimming later. Really warm here at the moment. We are in the middle of summer.

15 minute opening range Forex

I will doo a backtest for DAX on your reversal idea of the 15 Minutes Open. I only entered long here on the breakout of the High but it looks like a potential good buy entry following your rules on the reversal would have been possible too. 3rd ...

15 minute opening range Forex

Hard to see anything from your small phone images. I now see it. Yes you'r right. For me it only reversed until the 23.6 level. So no trade here on EUR/USD.

15 minute opening range Forex

Looks good. But not matching the rules. The range broke on the Low so you want to BUY on the following candle. However it first reversed to the entry level (0.3) within the last M15 candle for the hour (11:00). So why did you take the trade? image

15 minute opening range Forex

Just be careful not to do too many refinements. Google "Curve Fitting". If you have a final strategy with your rules, backtest it. Do it properly and test over a long period of time to include as many different market conditions as possible. I ...

15 minute opening range Forex

I would not set any more rules for your entry. This probably only makes the whole strategy unnecessarily complicated and not more profitable.

15 minute opening range Forex

Who proved that? More volume simply means more volume. Nothing to do with getting stopped out less often or not.

15 minute opening range Forex

Hey Sovy. It looks to me like you don't really have a solid trading plan yet. Much seems to be very vaguely defined. So I'm a bit surprised/irritated how you were able to do a reliable backtest at all? In your first posts you talked about 1:2 ...

15 minute opening range Forex

In the example for June 19th and EURUSD you had an inside bar after the range was formed. Here's M15 chart to see it better. What to do in this case? Do we enter or skip. The first buy opportunity then would have been at 10:45. 10:30-10:45 pierced ...

15 minute opening range Forex

I've used the 0% level (-1R) as my SL in this example. It didn't even reach to +1R (100%). Totally irrelevant if there is/was/will be a potential 3R or 100R in the future. I would have gotten stopped out on this one before it even reached to the +1R ...

15 minute opening range Forex

GBP/USD - 07/07/2023 image Looks like another one stopped out. Not sure about using a fixed stop loss that is at the opposite fib level. You basically get stopped out on noise, using a 6 Pips stop loss on a volatile pair like GBP/USD. Especially ...

15 minute opening range Forex

Yes right. Thanks for letting me know. Corrected the image.

15 minute opening range Forex

EUR/USD - 07/07/2023 image Looks like a losing example if I got the rules right

15 minute opening range Forex

Understand. But what if the 3rd candle doesn't touch the entry trigger a second time? In my example, price could have continued down without the next candle touching the entry trigger again. So then you don't enter? So I try to summarize. - Orders ...

15 minute opening range Forex

Yes. But do you strictly wait until the M15 candle that breaks the range is CLOSED before you enter? Based on yesterday's New York Open, I would have already placed my sell order with the candle breaking the range. So I draw the Fib as soon as the ...

15 minute opening range Forex

Okay.

15 minute opening range Forex

GBP/USD 06/07/23 @Sovy, let me know if my example is correct. For the sake of simplicity I only drew the 50% Fib connecting it from the low to the high of the range. 1) Range (07:00 - 07:15) 2) Price pierced the high of the range and closed above ...

15 minute opening range Forex

This is a good site as it also automatically accounts for daylight saving time (DST) based on the date selected! It's also available as a mobile application (For those weird traders who do everything from their little smartphone). I find it even ...

15 minute opening range Forex