Because none of the criteria in the system strategy were met. There must be synchronicity in all pairs and the 7 am candle on the 15 min time frame must be pointing in the same direction as the trend on all pairs. If none of these criteria are met ...

Basket Trading the European Open

I chose to buy EUR/USD, EUR/CAD, EUR/AUD and EUR/NZD and I set a target of 25 pips. I choose to exit at just past 8 am even if the target is not reached, just in case of a pullback and not wait for 9 am London. Application of patience could realize ...

Basket Trading the European Open

Go back through the thread and you will see examples of the strength board. It is part of the software platform I use with the broker IG Index. The platform is called Pro Real Time.

Basket Trading the European Open

Wednesday 6th September. Sorry I havn't been posting recently. Had other things to do. However, this morning showed how the strategy works in practice when we follow the rules. Synchronicity and the 7 am 15 minute candle gave us a buy signal on all ...

Scalping the EUR at the European open

Tuesday 5th Sept. Sorry it has been a while since I last posted - been occupied with other things. However, I thought it was time to post a reminder with an example of how this strategy works. Aussie pairs showed at the top of the strength board ...

Basket Trading the European Open

I use the broker IG Index and their software is pro real time. And yes, it is a Java based system.

Basket Trading the European Open

Thursday 24th August and we have an example of when AUD moves against all other currencies, so too does NZD. Today if you place a sell stop order below the 20 and 50 ma trend lines on all charts you would have had a total of 8 winning positions. ...

Basket Trading the European Open

If you look closely at my charts you will see that I favour a 15 m time frame, so the 7 am candle will be 15 minutes. Does that help?

Basket Trading the European Open

You're correct. It is pro real time charts provided by the broker IG Index.

Basket Trading the European Open

Sorry, but I don't know what you mean by 'the indi'.

Basket Trading the European Open

Monday 21st August was right for a strengthening JPY to provide a perfect pattern against all other currencies. Placing a sell stop order below the descending 20 ma catches the down move at 7 am and ignores the daily pivot to crash straight through ...

Basket Trading the European Open

Wednesday 9th August. A strengthening CHF gave a good scalp on all pairs from 8 am until 9:30 when 50 pips per pair were there to be made. The move was in for the day, so those who missed it had a second bite of the cherry at 13:00 (UK ...

Basket Trading the European Open

Monday 7th August and a perfect pattern for a falling NZD. image

Basket Trading the European Open

Sorry, I misunderstood. It depends on the price action and momentum. If price moves fast in the wrong direction I'll delete it straight away.

Scalping the EUR at the European open

The market doesn't delete the pending order. You have to do that yourself.

Scalping the EUR at the European open

It depends on which way the market moves. If it moves in your favour you are in and if the market moves down the stop is not touched.

Scalping the EUR at the European open

This is an example of the 7 am candle giving a false indication and when the pattern is the best indicator. Using a buy stop catches the move unless the 7 am candle is correct and then we are kept out.

Scalping the EUR at the European open

Weds 2nd August and a perfect pattern on JPY pairs. image

Basket Trading the European Open

Wednesday 2nd August and a perfect pattern. Placing a buy stop order above the pullbacks wins on all pairs. image

Scalping the EUR at the European open

Monday 31st July and the market just couldn't make up its mind today, so I'll not be posting a set of charts. In fact we have enough good examples of when to stay out of the market, so I'll only be posting those occurrences when the system criteria ...

Scalping the EUR at the European open