Asian Session Run

[naranjablue]

Hi Freddie,

 

thanks for your PM. Here are my Chart

 

http://a-s-conrady.de/box.gif

 

My Broker is Fibo Group and he is GMT +1 - So i put the box from 11.00 pm to 02.00 am. How can i see the best entry points? The goal are around 20 pips per day on E/U and G/U. This pairs work fine for me.

 

Stephan

 

PS: Your Messagebox is full, so i cant send you my email-adress

[Freddie]

Hi Naranjablue, really busy charts there. I must say that I see it all in a more simple way.

If it crosses the line I trade. I will win or lose. The numbers favor winning.

On a couple of days I looked at the charts after they had done a couple of hours and had two trades to go. One day the third trade had hit 40. My choice was to let it run or close the two others for 80 odd. They carried on for 60 and 80 or something like.

 

Since you are using the 5 trade then you are manual so you could make your own rules - "I will trade if it goes 5 pips outside the box" etc. " I will take profit on all five at 10 pips". Do that and you win a couple of days target winnings.

I have made some space in my PM inbox so please resend and I will enlarge your charts and send my comments on each day.

[naranjablue]

Hi Freddie,

 

yes i use the moving average´s to see where the trend is going. so sometimes i set my "buy stop" or "sell stop" and go to bed, but only i see a strong trend. what do you mean with "5 trade" ?

i take a look at my chart with M5 but the last weeks i do some good trades with M30. i think that is personal different :)

 

okay, i send you a PM again.

[Freddie]

Hi Freddie,... what do you mean with "5 trade"? ... last weeks i do some good trades with M30.

 

Five trades on the indicator. I am using the three trade indicator because it has an EA available. I tried to test the breakout once the lines had formed but the broker wouldn't accept the pending trade - too close to the current price.

I use the 5 and 15 min charts to see that there wasn't a retrace within a 30min or hour bar.

 

Here is you last day chart:

http://i914.photobucket.com/albums/ac341/freddieforII/Asian%20Run/box5.jpg

 

I have traced the BO and its movement. There seems to be a news spike and I wonder if you can close fast enough or if you have a TP pending, if the broker will fill you there. If that does not happen then you can take them out on 30.

 

I had forgotten what you wrote, you are using a 20 pip target, aren't you? You win that on the first breakout.

Edited September 16, 2010 by Freddie

[Freddie]

Last day and another losing day. 1 trade win with 5 losers

 

http://i914.photobucket.com/albums/ac341/freddieforII/Asian%20Run/AR1609.jpg

 

We still come out of it a winner, 226 pips

[Freddie]

Thursday Naranjablue: A quick 20 but it goes on to 51.

 

http://i914.photobucket.com/albums/ac341/freddieforII/Asian%20Run/box4.jpg

 

Not for me to say really but we don't need all the indicators IMO. We are only trading the immediate trend for 20 pips. If the new trend starts in the box it will not be registered on indies until you have made a lot more pips.

 

If you are just deciding when to trade after the box time then I would recommend the 3rd candle.

[Freddie]

Another good day, your Wednesday:

 

http://i914.photobucket.com/albums/ac341/freddieforII/Asian%20Run/box3.jpg

 

I keep forgetting that you are not interested in the 5 trade system!!

Edited September 17, 2010 by Freddie

[naranjablue]

Hi Freddie,

 

thanks for your comments. yes you are right, if i only go up to 20 pips i do not need any indi. When i completly understand the 5 trade system, i will enjoy it :) but for the first time i´m happy with 20 or 30 pips per day.

 

yesterday i take:

- 21

- 13

+ 12

+15

+15

+19

Total: 27 Pips in Profit

Edited September 17, 2010 by naranjablue

[Freddie]

Hi Naranjablue, just reread my comment about the 5 trade, reads a little judgemental. Not meant to be, I do support you in your quest for 20pips. If we were not all so greedy 20 would do us all!

 

On your Wednesday pic, almost any reversal would bring in the 20.

Not sure how you trade the red/blue 'bobble necklace' but a change colour would have done it.

A cross of the MAs as well.

[naranjablue]

Hi Freddie, normaly we can take every day 20 pips :) Most time the problem is we (i) go out of the run to early. But trainee trainee every day and it works fine.

 

The bobble necklace are for nothing, i dont use them any more. for me the MAs work sometime good to see if the breakout goes ahead or the trend goes flat

[naranjablue]

Last night nice 42 pips only on G/U

[Freddie]

Are you staying up all hours? How about a chart?

[freddy]

New direction!!

I am preparing for live trading and found that the EA for these 'green 5 trades' indi only works on the 3 trade indi.

From today I am only posting that indi.

 

Here's todays: an immediate loss of 36pips and a win of 97. Not bad eh?

 

http://i914.photobucket.com/albums/ac341/freddieforII/Asian%20Run/A31309.jpg

 

Last day and another losing day. 1 trade win with 5 losers

 

http://i914.photobucket.com/albums/ac341/freddieforII/Asian%20Run/AR1609.jpg

 

We still come out of it a winner, 226 pips

 

You lose! See Tuesday with +61. False BO cost me 36 pips then we had a win of 97 on the sell side.

It is post #44 the price barely popped out by a couple of pips then retreated. In the time that I have watched this strategy I have seen a few double falsies. It costs you the six trades.

 

"You can't win them all" as the saying goes.

 

But how do you deal with fake breakout?

 

 

Hi Freddie,

 

I am just passing by!

 

I like BO strategies and your ideas.

I did 2 pics where i wrote some ideas as how we could avoid some false B/O, and reduce some losses. I took these examples from charts from the 14&17th of sept.

 

but as you said :"You can't win them all" but we can try.

 

Hope you like it and find it useful.

 

freddy

 

http://img80.imageshack.us/img80/5228/falsebosep14th.gif

 

http://img8.imageshack.us/img8/2639/falsebosep17th.gif

Edited September 22, 2010 by freddy

[naranjablue]

Are you staying up all hours? How about a chart?

 

Only sometimes i wait where the price will move. But i´m -3 GMT and so it is around 1 am perhaps 2 am if i can go to bed. If it is to long i look the next day on the London BO.

[Freddie]

Hi Freddie, but as you said :"You can't win them all" but we can try. Hope you like it and find it useful. freddy

 

Thanks freddy, useful indeed. The last swing would certainly be S/R so a 'natural' place. I will have a look at some charts to see how it would work!

 

On another thread it was suggested a 10pip buffer but I see that as losing 10 pips every trade to save a false break occasionally.

[Freddie]

Here is what happened today with freddy's idea:

 

http://i914.photobucket.com/albums/ac341/freddieforII/Asian%20Run/AR2109.jpg

 

No cost to the down, just a 65 save...that makes a 130 increase in the week's total.

 

You can see how few pips to the upside, say 5. If that Is added to the TPs then no losses.

[Freddie]

Just to let you know that I am still about and working on my strategy.

[Freddie]

Beginning to get it all sorted:

First: using the five trade model manually.

Second: When BOs occur, using the lower TFs to check the movement. If it is retracing then close asap.

Third: On TP1 being reached, moving SL to BE where it stays. This protects any winnings and allows the price to move and maybe to hit the higher TPs.

This may cost us more pips but what we have will be safe.

 

Here is day one of last week

 

http://i914.photobucket.com/albums/ac341/freddieforII/Asian%20Run/ARfinalrules.jpg

 

Just realised that I have lots of numbers all over that pic.

Reds are the original 'let it run' results: The first sell BO would have just hit SL.

Blues are my notes as I was trying to formulate the rules.

Edited September 25, 2010 by Freddie

[Freddie]

Here's the result for day 2.

 

http://i914.photobucket.com/albums/ac341/freddieforII/Asian%20Run/ARfinalrules2.jpg

 

The BE 'safety net' cost 22 on this occasion - actually 17. If it was just left it would stop out for 5 before the sell cycle started and we would have collected the 22 on the way.

 

This particular day and the next have shown me that I should use the 5 trade model.

Edited September 26, 2010 by Freddie

[Freddie]

Day three.

 

Look at the potential...

 

http://i914.photobucket.com/albums/ac341/freddieforII/Asian%20Run/ARfinalrules3.jpg