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- Grimweasel replied Apr 26, 2017
See attached. Should have not lost twice either as 'we' (rather I) no longer advocate taking a second trade - the ATR money management negates the need for a second trade if the first loses. You need to set orders above/below the last H1 swing ...
- Grimweasel replied Apr 21, 2017
Ok, the key is the Volatility of the pair (expressed by the ATR). There is little point having a stop loss inside the period ATR. You'll get hit too often. I have just manually back tested EurUsd from 30 Jan to 17 Apr. I have some minor changes to ...
- Grimweasel replied Apr 21, 2017
My sell activated today and lost by 0.7 pip. Shows the value of having the lowest bid/offer spread possible
- Grimweasel replied Apr 16, 2017
So from this quick pivot table analysis I can offer some refinements to the system: For me as I trade EurJpy in PM session. A top level filter can also be added - No trades is broker bid/offer spread is > 1 pip. Eurusd As per original system. 10 pip ...
- Grimweasel replied Apr 16, 2017
Interesting result from Pair/TF and Pip Value Clearly shows that whenever second trade is activated it often loses ( as the £10 and £15 columns show). The better strategy might be to walk away for day if Trade 1 loses. (I never tripled pip value, ...
- Grimweasel replied Apr 16, 2017
Time Frame Analysis: H1 (so morning session) only profitable for EurUsd. More profitable LONG m30 (so pm session) only profitable for EurJpy. More profitable SHORT Funnily, this analysis matches the daily or 24 hr trend. EurJpy has been trending ...
- Grimweasel replied Apr 16, 2017
Pivot table insights Eurusd and Eurjpy trade direction results. 1 is long, 2 is short. Note, winning trades have been 2 (short) which funnily is the same direction as the daily trend (see chart).
- Grimweasel replied Apr 5, 2017
US Session m30 EurJpy TP Hit. 1600 UK Summer Time candle.
- Grimweasel replied Apr 1, 2017
The system relies on volume and volatility to work. Keep an eye on the VaR and ATR. If these are less than 10pips target then you may wish to alter the TP orn decide not to trade? url It's never a good idea to trade the Xmas period as vola is too ...
- Grimweasel replied Mar 31, 2017
Just over 2 Weeks trading this now. Thanks Zen great system. High ROI. Up 17.4%. Win/Loss ratio of 72% over 39 trades taken. I'm trading x2 pairs, EurUsd and Eurjpy Both on candle close 2hrs before London open and same again 1.5hrs after the US ...
- Grimweasel replied Mar 30, 2017
Agree - we are not trying to 'berate' anyone; just point people in the right direction. You need to learn this stuff over years. See attached example for clarity. In short, don't look and try to curve-fit patterns to charts where WW or any price ...
- Grimweasel replied Mar 21, 2017
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 ...
- Grimweasel replied Mar 17, 2017
Two trades hit TP today. That's me done. 1hr of trading. 20 pips profit. Off to play golf. Thanks Zen
- Grimweasel replied Mar 16, 2017
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. ...
- Grimweasel replied Mar 16, 2017
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 ...
- Grimweasel replied Mar 16, 2017
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. ...
- Grimweasel replied Mar 15, 2017
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 ...
- Grimweasel replied Mar 13, 2017
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 ...
- Grimweasel replied Mar 13, 2017
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 ...
- Grimweasel replied May 20, 2012
3 things to consider going into next week... 1. Reversal candle and triple bottom on weekly gold. 2. Large Buying on Weakness number in the SPDR (S&P 500 ETF) for 4 days last week inc Friday ( url ) 3. Broadening Top and double top on the USD Index. ...