Okay. So the entry is only valid if price will reverse to the Fib level for either the 08:15 or 08:30 M15 candle that follows after the range (08:00 M15). After that it's 08:45 and 45 Minutes have passed. So no trade anymore. In my example for ...

15 minute opening range Forex

EUR/USD Wed, 28/06/23 Hey Sovy. Let me know if my following trade example of your strategy is correct. image Here we have the opening range from 08:00-08:15 (15 Minutes after london open). Price broke the high at would have reversed back to the ...

15 minute opening range Forex

Okay, understand. What are you then doing in the hour before the Open, what are you waiting for to see?

15 minute opening range Forex

What do you mean by that? What could have been found there? Global Prime still looks to be in business. I just noticed it no longer explicitly advertises being a true A Book broker. My account automatically moved to After Prime some time ago. I ...

Global Prime - The World's Most Transparent ECN Broker?!

Yes, I understand the strategy behind it, hence my question whether you have done a longer backtest for one of your traded instruments and market openings.

15 minute opening range Forex

Again. 08:30-9:30 = 60 Minutes range, not 15 Minutes

15 minute opening range Forex

You wrote that you use the first 15 Minutes as your opening range, but 9-10 are 60 Minutes for me, not 15. That's why i asked if you could be more precise in your wording as i didn't make sense to me. It's a bit confusing. NY Open is 8:00 am (local ...

15 minute opening range Forex

Maybe this could help to backtest your strategy idea. However it uses two fixed lines acting as the buy/sell trigger instead of the Fibonacci levels you draw in by hand. Here is an example of GBP/USD based on the London Open for June 1st. image

15 minute opening range Forex

What is Euro 9 to 10? You need to be more precise in your writings. It’s really hard to understand what you mean :-) What is „pierce“? …

15 minute opening range Forex

Unfortunately, I can't see anything from it. Too small. Would be nice if you could post desktop charts in full width instead of using your phone. Here's what it appears to me on TradingView. On your example you drawn the Fib in the wrong direction. ...

15 minute opening range Forex

Is that what you mean? EUR/USD 26/06/2023 Chart is M1 (for a better view on the touch/break of the range) London Open = 08:00 (10:00 on my chart) 08:00 - 08:15 = Range (first 15 Minutes after the Open) Range High = 1.09051 Range Low = 1.09027 Range ...

15 minute opening range Forex

That's how I understood it too.

15 minute opening range Forex

Hey Sovy. Your descriptions are somewhat imprecise or difficult to understand for me. I assume English is not your native language. 1.) How do you decide what market to trade at the beginning of an Open? You posted charts of EUR/USD, gold, etc. 2.) ...

15 minute opening range Forex

Hi Sovy, where do you come from?

15 minute opening range Forex

Is that an indicator on your chart showing these red lines with levels of entry, sl, tp?

The DIBS Method... No Free Lunch continues

Thanks for your kind answer. Will be reading though in in more detail later this evening here. There might be still hope for me hah Edit: Trading only the „hot hand“ is what made me wonder if trading this kind of strategy is even tailored ...

The DIBS Method... No Free Lunch continues

@Erebus do you trade this method or could you recommend something?

The DIBS Method... No Free Lunch continues

So it’s 2 years later. Did you find success with the Dibs method?

The DIBS Method - No Free Lunch Returns

Hey all. Is PeterCrown's presented strategy still being traded by anyone? I have a couple of small questions about that. Hey. Can you tell if that is all the criteria PC mentioned apart from the pure criteria of placing the orders? I just started ...

The DIBS Method... No Free Lunch continues

image

Cable Update (GBPUSD)