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- FXhuntFX replied Apr 12, 2008
Hi everyone, Why did I set the time before 2100 GMT is because Sydney and Tokyo markets will be opened before 0000 GMT although most of the Asian markets are at GMT+8. There is no end point for determining the exact Asian session for my method. The ...
- FXhuntFX replied Apr 10, 2008
Hi dinbrabus, Two hours could probably decide either the high or the low as we do know that the volatility is low during the Asian session. I would suggest you open a demo account using MT platform and then execute your trades with your existing ...
- FXhuntFX replied Apr 9, 2008
Hi billbss, I only trade with the trend. If the trend changed, and the first trade is a loss, then yes, I would set the order at the other end. All the orders are EOD.
- FXhuntFX replied Apr 9, 2008
Correction 0600GMT is 1400 (2 PM) SG time
- FXhuntFX replied Apr 9, 2008
Hi billbss, I did not alter the time throughout. For the 5M bar, I'm referring to the bar that is nearest to the next pivot point. Not the first bar that penetrates through the high/low.
- FXhuntFX replied Apr 8, 2008
Hi billbss, Been using this method since last year and profitable throughout 2007, although due to time constraint I have cut down on number of trades using this method this year.
- FXhuntFX replied Apr 8, 2008
Hi aelimian, Yes you can. This method main advantage is that it has a very high percentage of winning trades, thus offset any losing trades and came on top if you can deploy it consistently. Best is if one could make an EA out of it.
- FXhuntFX replied Apr 6, 2008
EURJPY Week 15 Outlook — For the past two weeks we saw Euro surged against the Yen from the low of 151.70 to reach a high of 161.10 last week. This also means that the price briefly touched the 61.8% retracement level of 160.93 (166.65 to ...
- FXhuntFX replied Mar 29, 2008
One of the crosses that provide good volatility yet spread is kept at 4 pips is EURJPY. One might want to consider trading this currency pair besides the majors. I have been trading this pair for a year and found it very good to trade with.
- FXhuntFX replied Mar 13, 2008
EURJPY short trade — The Asian session saw a big fall on Euro against the Yen on Thursday. Technically, it was very obvious on the chart and I did a short trade on the currency pair. I had mentioned Fibonacci trading last Friday as one of the ...
- FXhuntFX replied Mar 9, 2008
GBPUSD Week 11 Fibonacci Outlook — Hi guys, Here is my outlook for the week ahead: Pound has remained above 2.0033 (38% Fibonacci retracement from 2.1160 to 1.9336) after dismal NFPs figure (a drop of -63k) report last Friday on the US ...
- FXhuntFX replied Mar 6, 2008
Thanks for the welcome. Ha.. well probably it's because Warren Buffett has just became the World's Richest Man according to Forbes and he is dollar-negative!
- FXhuntFX replied Mar 6, 2008
Hi guys, I'm relative "new" as a poster to the forums because I "unknowingly" violated one of the rules a year ago and my ban was lifted recently to my surprise! (actually it was a 1-year ban ) So here is rambling thread for the markets huh? Well, ...
- FXhuntFX replied Mar 4, 2008
2 years ago, I turned a mere 50 USD investment into 5-figure winning in Financial Fixed Odds Forex betting. That should give you some hope as well. Research, learn and adapt. You will do well in the Forex markets. Good luck.
- FXhuntFX replied Feb 17, 2007
Yes I would still enter the opposite order if one is stopped out. I did paper trading before going live, so I don't have any results to show. Even if I did on a demo, I would probably delete it away by now cos I don't have a habit to keep demo ...
- FXhuntFX replied Feb 17, 2007
I've noticed that when it breaks, it breaks hard. Although it will retrace, however, a SL designated for each pairs such as 30 pips for GBP/USD is sufficient enough to prevent being stopped out. I don't re-enter any stopped out position. It does ...
- FXhuntFX replied Feb 17, 2007
That's a good question on how to exit the trade if the triggered position is not close on SL or TP at the end of the day. In my case, I would let the position TP and SL targets handle by itself on the next day price action. If stop out then let it ...
- FXhuntFX replied Feb 17, 2007
Spot on! — Thanks for highlighting the errors. You are right. However, since I've just joined this forum, so I guess you guys should do a testing before trading live. By looking back at past candles, you can roughly know that it worked. Maybe ...
- FXhuntFX replied Feb 17, 2007
This technique can be customized to both part-time and full-time traders. In case if you are trading part-time just like me, you could set two orders (buy and sell) after the completion of the latest daily candle and set according when the DOSR ...
- FXhuntFX replied Feb 17, 2007
Hey thanks I forgot to put in my pdf. Will update it accordingly. My suggested pairs are EUR/USD, GBP/USD and GBP/JPY. EUR/USD - TP and SL set at around 20 pips. GBP/USD - 30 pips. GBP/JPY - 50 pips. You guys can adjust to your comfort level, so far ...