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TheRumpledOne
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Postby TheRumpledOne » Mon Oct 27, 2008 11:41 pm

Pipsun wrote:Wow huge spreads, I think i'll stick with FXCM or practice on getting my orders filled with limits, but i usually miss out on moves.


What do you expect at this time of day?

Of course, the spreads are wider now.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby Pipsun » Mon Oct 27, 2008 11:49 pm

When are they the tightest, during the US session and London session?

I thought they would be tight because the Tokyo opened at 7pm est but obviously not.

Would you recommend a market order plus a trailing stop of 5 pips when opening oders

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Postby TheRumpledOne » Tue Oct 28, 2008 12:00 am

Image

GET READY!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Tue Oct 28, 2008 12:02 am

Pipsun wrote:When are they the tightest, during the US session and London session?

I thought they would be tight because the Tokyo opened at 7pm est but obviously not.

Would you recommend a market order plus a trailing stop of 5 pips when opening oders


OBVIOUSLY, you have NOT BEEN READING MY POSTS!

Everyone knows that MARKET ORDERS ARE FOR SUCKERS!!

I only use LIMIT orders.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby Pipsun » Tue Oct 28, 2008 12:10 am

So when the new 1 hour candle opens you really quickly put in a limit order 1 pip in the other direction. (right now i am not quick enough yet) And do you always get filled?

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TheRumpledOne
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Postby TheRumpledOne » Tue Oct 28, 2008 12:12 am

NO. You must wait for the price to move in the direction you want.
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Postby TheRumpledOne » Tue Oct 28, 2008 12:15 am

Image

Do I need to keep posting these charts or do you SEE IT?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby Pipsun » Tue Oct 28, 2008 12:18 am

well is 1 pip not enough movement? or should i set it to 3 pips in the reverse direction to limit buy at that price and wait for the oder to get filled.

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Postby Afro88 » Tue Oct 28, 2008 12:42 am

Hey guys, just an extension on the Buzzard strategy - if you see 3 consecutive colours, watch the 4th bar form. If it doesn't change colour AT ALL and continues going up (for consecutive greens) or down (for consecutive reds) then jump in when you see the ride stop and reverse and set a take profit where the candle will change colour. Works great, and gets you some decent profits!

Take a look at the 4th bar on the consecutive 3's on past charts and even if the 4th bar is also of the consecutive colour it always has a wick indicating that at some point it was the opposite colour. In seeing this, you know even if the 4th bar is forming as consecutive at some point it will change direction and change to the opposite colour. So taking profit at that change should work nearly always!

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Postby TheRumpledOne » Tue Oct 28, 2008 1:26 am

Very good observation, Afro88, you SEE IT!!
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