jamestan1978 Posted August 12, 2010 Report Share Posted August 12, 2010 actually it doesnt really matter, this system is quite profitable if you use full range as stoploss. avoid days where range is 60 and above. if you got a loss of that day you need 3 days to recover. this system is about 80% accurate. Quote Link to comment Share on other sites More sharing options...
sillykiddo Posted August 12, 2010 Report Share Posted August 12, 2010 Freddie what broker you used Alpari and what time? thanks Quote Link to comment Share on other sites More sharing options...
Freddie Posted August 12, 2010 Report Share Posted August 12, 2010 Freddie what broker you used Alpari and what time? thanks I am using Alpari charts but I have a much more simplified view of the time to use. I use midnight to 0100 on one chart and 23:15 to 00:15 on another. It really does not matter, what we need is a small range and any time from say 23:00 until about 02:00 chart time or UK time or GMT will do. When we deal with London, NY opening it is important but not for this strategy. Just my opinion. Quote Link to comment Share on other sites More sharing options...
Freddie Posted August 12, 2010 Report Share Posted August 12, 2010 Here is the normal 15m chart with the area marked by ant_ Indie http://i914.photobucket.com/albums/ac341/freddieforII/Fast50.jpg And here the one based on the 3tier http://i914.photobucket.com/albums/ac341/freddieforII/Fast503Tier.jpg I don't know what the result would be using the 'official' hours!! Quote Link to comment Share on other sites More sharing options...
sillykiddo Posted August 13, 2010 Report Share Posted August 13, 2010 freddie time that you mentioned is midnight GMT? it is really interesting.. thanks Quote Link to comment Share on other sites More sharing options...
Freddie Posted August 13, 2010 Report Share Posted August 13, 2010 freddie time that you mentioned is midnight GMT? it is really interesting.. thanks Just checked my brokers time: both are UK+1 hour so GMT + 2 hours. As I said, I am not interested in what the actual time is only that flatish time that occurs at the 'new day' markers. Quote Link to comment Share on other sites More sharing options...
⭐ musketeer Posted August 13, 2010 Report Share Posted August 13, 2010 there are so many break-out strategies developed (incorporated in EAs too) really endless... different pairs - different time spans it is strange to get buy that - in spite of low price Quote Link to comment Share on other sites More sharing options...
⭐ musketeer Posted August 13, 2010 Report Share Posted August 13, 2010 Alpari changes the time - in summer they are GMT+2 and winter GMT+1 Quote Link to comment Share on other sites More sharing options...
Freddie Posted August 13, 2010 Report Share Posted August 13, 2010 there are so many break-out strategies developed (incorporated in EAs too) really endless...different pairs - different time spans ...it is strange to get buy that - in spite of low price Quite so Musketeer, I believe that there is no way to guess which way the price will go but I do know that it will go somewhere. A breakout from a range, even current price + and - say 10 pips will give you a straddle that may catch a good move. I have just looked at the 11pm to 2am time and seen a flat period which then either rises through the Asian session or falls. ...even cheaper when it is shared but I had decided to go my way before I found the .pdf. Quote Link to comment Share on other sites More sharing options...
Freddie Posted August 13, 2010 Report Share Posted August 13, 2010 Alpari changes the time - in summer they are GMT+2 and winter GMT+1 ...again, I don't care, but thank you for your concern. If I find that I need an accurate 'hour' for my range then I will change. Actually, since I will be returning from Malaysia in April then my trading time will be finished unless I can find some good internet provider. And, of course, I will not be able to stay awake long enough to trade midnight in UK Quote Link to comment Share on other sites More sharing options...
Guest phreak Posted August 14, 2010 Report Share Posted August 14, 2010 I sent an email to the author regarding the time zone. Here is his reply: Thank you very much for your email. The time zone is EST. If there is anything else I could help you with, Please let me know. Sincerely Yours, Austin Winston Quote Link to comment Share on other sites More sharing options...
coffee99 Posted August 14, 2010 Report Share Posted August 14, 2010 I sent an email to the author regarding the time zone. Here is his reply: Thank you very much for your email. The time zone is EST. If there is anything else I could help you with, Please let me know. Sincerely Yours, Austin Winston Interesting ... I suppose you could play around with different times ... (eg. I trade EST so that would be from Midnight to 3 a.m. for me). I'd be more inclined to set up a trading zone from 6 p.m. EST (00:00 GMT) to 9 p.m. EST (3:00 GMT) and try trading that ... I don't mind staying up all night occasionally but I'm not interested in doing it on a regular basis. For some reason I'm thinking of bunnygirl .. I think she advocates just drawing a horizontal line at the open (6 p.m EST/ 00:00 GMT) and trading 5 WMA/20 WMA crosses above or below the line on a 30 minute chart. Obviously, you can play around to your heart's content with any of this stuff ... :) Is it just me or does Austin Winston sound like a totally fake name ..? <laughs ...> Quote Link to comment Share on other sites More sharing options...
Yorgo Posted August 14, 2010 Report Share Posted August 14, 2010 very nice work Freddie, you are specialist of sessions, congratulations Quote Link to comment Share on other sites More sharing options...
noone Posted August 14, 2010 Report Share Posted August 14, 2010 If it trade 00-03 EST, then it is trading the london breakout. Quote Link to comment Share on other sites More sharing options...
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