Trading hours + Strategies

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davrob
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Trading hours + Strategies

Postby davrob » Wed Jan 26, 2011 7:53 am

Hi Avery,

Because of work I am only able to trade 1am - 3am EST and 3pm - 7pm EST. Most reliably in the morning times.

The average range is quite different in these off-peak hours, and for some pairs the spreads increase considerably on MB.

I've read up on a number of your strategies: "NLA Psychological / Sweetspots trade", "The Buy Zone" and "NLA Reversal Strategy". The Sweetspots trade just doesn't seem to have the range to work on EUR/USD in the morning, so I've abandoned that one.

Can you recommend a strategy and pair / pairs to get me going within these hours?

thanks,

David.

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Postby MightyOne » Wed Jan 26, 2011 10:07 am

I like to use sweetspot when the bodies of the recent candles are suddenly much larger than the bodies in the recent history.

When a candle closes too close to a line I will let it go the "wrong way" first for 4+ pips and then enter when the candle changes color.

These strategies work well with the "Buzzard" when the 3rd or 4th candle is the largest body, or the 4the candle is the second largest body...also, not a true Buzzard reversal but still worthy of note, if the 2nd candle is a MONSTER then a reversal works there as well.

Aside from that I really like Rat trades as I have been using something similar on larger charts for years.

I am not answering for Avery, I am just letting you know what methods of his I prefer :wink:

I cannot for the life of me trade BZ but that is just me...
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TheRumpledOne
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Postby TheRumpledOne » Wed Jan 26, 2011 11:53 am

RAT REVERSAL TRADE

EURJPY or GBPUSD
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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PebbleTrader
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Postby PebbleTrader » Wed Jan 26, 2011 3:15 pm

MO,

How do you handle/manage positions you have on, longer term, while asleep or away from the screen?
Life is just a journey

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TheRumpledOne
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Postby TheRumpledOne » Wed Jan 26, 2011 3:54 pm

Image

Hey MO, you have mail.

Using this on M1 is really fun!

DRAINING THE BANKS 2 OR MORE PIPS AT A TIME...LOL!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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cwn6161
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Re: Trading hours + Strategies

Postby cwn6161 » Wed Jan 26, 2011 3:58 pm

davrob wrote:Hi Avery,

Because of work I am only able to trade 1am - 3am EST and 3pm - 7pm EST. Most reliably in the morning times.

The average range is quite different in these off-peak hours, and for some pairs the spreads increase considerably on MB.

I've read up on a number of your strategies: "NLA Psychological / Sweetspots trade", "The Buy Zone" and "NLA Reversal Strategy". The Sweetspots trade just doesn't seem to have the range to work on EUR/USD in the morning, so I've abandoned that one.

Can you recommend a strategy and pair / pairs to get me going within these hours?

thanks,

David.



Have you thought of trading the daily candles? Most candles will retrace somewhat before continuing in the direction of the trend, and 1-3 am is a good time to catch the color changes.

I've been working with the 1/3rd dots for a week or so and I'm liking it. I wait for price to touch a previous candles dot, and look to trade the reverse. Can be done on any timeframe. Long only trade above blue dot, short only below red. Entries are made on the 5m chart zlines.

Image

EDIT: link for 1/3rd dots is on this page of the NLA thread.

http://kreslik.com/forums/viewtopic.php ... start=1490

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PebbleTrader
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Postby PebbleTrader » Wed Jan 26, 2011 5:10 pm

Hello friend,

You could trade TRO dynamic support/resistance on smaller time frame charts for a couple hours.
Life is just a journey

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Postby tmanbone » Wed Jan 26, 2011 5:27 pm

In your 3 pm - 7 pm session you could look to buy/sell the previous days high/low for a nice bounce. Asia like to bounce at these levels.
"The simplicity of the markets is it's greatest disguise"

T

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TheRumpledOne
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Postby TheRumpledOne » Wed Jan 26, 2011 8:32 pm

Yes, the Asian Box Break Out would work!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Thu Jan 27, 2011 7:41 am

Image

MO, this is way too much fun!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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