AU was a possibility during Asian session - looks like anything better than a 8pip SL would have been ok [looks like Red News caused this] My bad - just noticed that its a new month! So, this is against the rules! [Aust 200 +12points : got in too ...

Open Scalping Strategy

EU +9pips : strong move down [first surge of the long candle would have hit SL I think but by the time I executed the order it came back and hit entry then TP] UCHF +8pips : super strong move (Red News... Bang!) Could have done much better on ...

Open Scalping Strategy

ECHF, EG still no trade but plenty of candidates going into the London open GJ coming on strong... [Griff watching 1H TF ... looks like a range but price only has to break to the high end ... Red News] EU ... [Griff watching for a ...

Open Scalping Strategy

EJ looks like it could come back to trade (a reversal - morning star type pattern forming)? GU looks good aswell to come back to trade? ECHF, EG is no trade GJ - l don't like the look of this (huge shooting star on D1 and could roll over and become ...

Open Scalping Strategy

Keep going Mikajap you're doing great, collect all the information you can during your testing

Open Scalping Strategy

Great results Steef! Well done My UJ is still pending... [of course, shouldn't be trading at that time (see above for comments on 'strange' price action) but like to test everything to the extreme...] UJ +19pips : looked strong in the end ...

Open Scalping Strategy

How did everyone do? EU +6pips : quick strong move (looks like there was 3 chances to get this) : Royal Flush ! [could have done better, on everything actually but can't be greedy - 'Market Karma' hunts the greedy] ECHF is coming up, but running out ...

Open Scalping Strategy

Candidates for London open... UCHF UJ GJ EG EU NU - change of polarity @ entry ? AU - might be following or crack & snap ? ... crack & snap it is ... now waiting for (possible) re-entries NU +6pips : strong move after crack & snap : "...show me the ...

Open Scalping Strategy

EG +10pips : strong move [London session] EU & AU & UJ & UCHF (>6pip SL) : all worked but I was too busy [London calling] did anyone get these or others?

Open Scalping Strategy

Great observation for this method swilliam - I always like to confirm things from testing. UCHF -10pips - only gave 3pips before crashing - possible 2nd entry EU - still looks bad - waters still boiling hot

Open Scalping Strategy

AU +9pips GJ +23pips NU +9pips SL close to 1:1 as possible (they always take a bit more than they give anyway). All strong moves. Set and forget - I had a cooking class to go to. Mondays seems to be always (or near enough) bad, confirming swilliam's ...

Open Scalping Strategy

... I got the following candidates AU UJ EU EG GJ UCHF NU

Open Scalping Strategy

Got the same thing happening with EU -9 pips (10pip SL) : the same general pattern / behavior as noted above. It's like dipping your toe in boiling hot water... ouch! AU +9pips (10pip SL) : strong winner

Open Scalping Strategy

Hi Robinho, thank you very much for guiding us through the strategy and describing your experience, this is most helpful. Also, thank you to everyone who has presented their data analysis and setup accounts, all this is extremely helpful.

Follow the monthly candle and be profitable

Please excuse me, I meant your conditions 1/ & 2/ for Buy and the associated ones for Sell. Well, that sounds like a great strategy Robinho has come up with and I'll eagerly be viewing results reported in this thread.

Follow the monthly candle and be profitable

That's exactly correct FerruFx, (one for Buy and one for Sell). However, when back testing, perhaps algorithmically, there would be no need to refer to the monthly chart. This was just a point in hand.

Follow the monthly candle and be profitable

Good point FerruFx. This will generally (on any stratergy) be the case whenever the (pip) values of TP & SL are less than the average range of the monthly candles under consideration. However, there will be exceptions either way, beit certain wins ...

Follow the monthly candle and be profitable

I agree, this is an important aspect of the strategy to focus on during testing. Of course, when viewing the D TF there appears to be only one entry and associated outcome. However, the strategy is really defined at a TF in the order of the scalping ...

Open Scalping Strategy

I think you are correct Hammertop, in saying you would simply be over whelmed assessing such situations given the number of pairs involved and it would perhaps make little difference to the consolidated outcome. (Also, an exact doji is improbably in ...

Follow the monthly candle and be profitable

Hi Robinho, Thank you so much for posting your interesting trading idea. In your experience is there particular focus placed on certain types of (monthly) candles (for example, like marubozu candles) while others are deemed higher risk? For example, ...

Follow the monthly candle and be profitable