Nice work Kaimot I've stuck with the original plan by Zen but if I lose the first trade, I wait and trade (1 lot) with the m30 candle 1.5hrs after the US open. Works really well on EurJpy too - I can get 1 pip spread and the ATR on eurjpy is usually ...

Simplicity is the Ultimate Sophistication

Two trades hit TP today. That's me done. 1hr of trading. 20 pips profit. Off to play golf. Thanks Zen

Simplicity is the Ultimate Sophistication

Sorry guys. My confusion trying to trade the US open from the UK with charting based in Cyprus (-2 GMT!) Because of US daylight saving currently if effect, US events happen 1hr earlier in UK time, until we also move our clocks forward on 26 March. ...

Simplicity is the Ultimate Sophistication

US Open - Same method but using the US opening first half hour. 30 min candle. Mark high/low. Orders at the next .00 levels above/below (OCO orders best). Open - 121.50 SL - 121.65 TP - 121.40 Hit TP. 2 successful trades today. Cheers Zen. Nice and ...

Simplicity is the Ultimate Sophistication

Yes, the US open candle. US opens at 0830. So 1430 GMT, but that might be 1330 at the moment due to daylight saving being out of sync. Basically, whatever the first 30min candle of the US equity markets opening is in your time zone!

Simplicity is the Ultimate Sophistication

Worked as planned this morning; Entry at 1.0720 Stop at 1.0735 TP at 1.0710 I have been using the 0600-0700 GMT candle and seems to work fine. The key is the liquidity and volumes around the UK/US opens. Ref the stops, I think your %s are wrong Zen. ...

Simplicity is the Ultimate Sophistication

Allthings Nice post. I get the sentiment and experience. I'm not sure Martingale Squared is the way to go either. I think Zen is saying that you only do this once in the day. So, as exampled today if you lost 1% on trade 1 and then lost 3% trade 2 ...

Simplicity is the Ultimate Sophistication

That's the way trading goes. Come back to fight another day. All about trading the edge consistently! Could be due to FOMC this evening and lack of volume as people await the decision. MMs clearing out the stops either side.

Simplicity is the Ultimate Sophistication

Good clarification. I've done some manual backtesting and the same method will work when using the 30 min candle on the US open at 1430 GMT. Use high low of that candle (1430-1500 GMT) and set same orders. Thing is SB firms have their people scour ...

Simplicity is the Ultimate Sophistication

My feed signal H1 candle high was already above 1.0660 so my next level was 1.0670 which didn't activate. The lower bound was 1.0630 as the H1 low was 1 pip below 1.0640 so I went to next level down. Activated at 1.0630 then stop hit at 1.0645. If ...

Simplicity is the Ultimate Sophistication

Thanks Zen, clearer now.

Simplicity is the Ultimate Sophistication

Hi Folks, Please see attached. Does anyone know if there is an indy that will be like the Gann one below, but the line switches to above and below price based on the rule of 4 for a trend change? I manually mark these but wondered if there was a ...

Need Best Support and Resistance Indicator

See attached eg from last Monday. The 0900 candle signal was unclear as initially went higher but closed lower than its open. But as 0900 high penetrated the 0800 high, we are looking for Longs, so order placed at next .00 level. (1.06100) TP at ...

Simplicity is the Ultimate Sophistication

So, high/low of candle 2hrs prior to London open. Mark high/low Then as 0900 candle starts, as soon as it penetrates either the previous candle high/low, place order at next .00 level to buy or sell with TP at next .00 level and S/L at 15 pips. If ...

Simplicity is the Ultimate Sophistication

Oanda are pretty good from what I have seen as are ETXCapital over here in the UK!

Strat's Long Term Stress Free Trading

Thanks Poruchik Is there anything more accessible?! I'm not an expert coder and using PRT is different to MT 4. Is MT4 code similar?

Harmonic and Classic Patterns

Poruchik - can you let me have a copy of the basic rules coding for MT4? I'm trying to build a harmonic scanner for Pro Realtime software as MT4 is corrupted by brokers so I don't trust their data feeds. Pro Realtime is real data from exchanges and ...

Harmonic and Classic Patterns

Hey Poruchik Is the zup 150 best or 145? I see many subscription sites say free Harmonic indys are rubbish. is this just marketing for them? How can we use 150 but stick to the strict patterns and ratios? I see there are options for classics and ...

Harmonic and Classic Patterns

Hi Blott, Did that but alerts keep popping up; thanks

Harmonic and Classic Patterns

Hi there - great ZUP - but can anyone tell me how to turn off the alert?! I don't want it as it's too frequent and I only trade daily chart patterns Thanks in advance! DC

Harmonic and Classic Patterns