Gridtrading from daily open

Post by **TraderJoeForex** » Thu Mar 31, 2016 5:49 pm

Gertje » Thu Mar 31, 2016 5:18 pm wrote:Had a look again, didn't cross today's high eather.
At 21:00 (my time, in 1:45) "they" will spike the spread, triggering pending buys and fall of a cliff in a split second.
If just I had the balls to close the open buys......

.. what calendar are you using.. I thought that happened this morning?

Post by **Gertje** » Thu Mar 31, 2016 6:38 pm

Weird.
I have an app on the iPad from MyFxbook, time must be off by 12 hours....

Post by **TraderJoeForex** » Thu Mar 31, 2016 7:23 pm

Gertje » Thu Mar 31, 2016 4:48 pm wrote:I have been watching all day, have 3 setups; GBPJPY, GBPNZD and GBPAUD. All went down initially, but came back up. Did't cross yesterday's high though.

If you are looking at those 3 then we might as well throw in EJ, EN and EA so that's the 6 most volatile pairs give or take.. Now how do we narrow it down further. There must be one that gives us our best chance on any given day..

We could look at News, ADX, CSS, MA Slopes or crosses... I feel this is what we need to look at next?

Post by **r1ch4rd** » Fri Apr 01, 2016 10:06 am

Cracky work here guys.

I have a demo running on 3 pairs that are prone to a bit of volatility.
EN, GC & XAU
The fx pairs are 5.10pm (New York) and Gold to its market open +10 @ 6.10pm

Post by **Gertje** » Fri Apr 01, 2016 10:13 am

TraderJoeForex » Thu Mar 31, 2016 7:23 pm wrote:
If you are looking at those 3 then we might as well throw in EJ, EN and EA so that's the 6 most volatile pairs give or take.. Now how do we narrow it down further. There must be one that gives us our best chance on any given day..

We could look at News, ADX, CSS, MA Slopes or crosses... I feel this is what we need to look at next?

That sounds like work again....

Visual backtest got my hopes high for an easy set and forget system.
GBPJPY already 3 days in ranging mode, now 4 buys and 5 sells.
Pair is setup to go down, like all GBP pairs I mentioned.
Amazing to watch the manipulation overnight, PA all over the place.

Looking forward to NFP in little over 2 hours....
if my calender told me right...

Regarding the grids, I set them up @20pips and a TP @100pips.
Did the math when pair closes @100;
0 loss : 4 win
1 loss : 5 win
2 loss : 7 win
3 loss : 9 win
4 loss : 11 win

So GBPJPY needs to 120pips below lowest low for me to close out...

Post by **Gertje** » Fri Apr 01, 2016 12:20 pm

One down, two to go....

GBPAUDH1.png

Post by **TraderJoeForex** » Fri Apr 01, 2016 12:53 pm

Solid result

Post by **TraderJoeForex** » Fri Apr 01, 2016 12:57 pm

Gertje » Fri Apr 01, 2016 10:13 am wrote: That sounds like work again....

... I am working on this with Rene to send a grid on strongest/weakest pair(s) following the daily open based on MADDY

Post by **SteveHopwood** » Fri Apr 01, 2016 1:43 pm

TraderJoeForex » Fri Apr 01, 2016 12:57 pm wrote:
Gertje » Fri Apr 01, 2016 10:13 am wrote: That sounds like work again....
... I am working on this with Rene to send a grid on strongest/weakest pair(s) following the daily open based on MADDY

That is one to look forward to.

Post by **Gertje** » Fri Apr 01, 2016 2:16 pm

SteveHopwood » Fri Apr 01, 2016 1:43 pm wrote:
TraderJoeForex » Fri Apr 01, 2016 12:57 pm wrote:
Gertje » Fri Apr 01, 2016 10:13 am wrote: That sounds like work again....
... I am working on this with Rene to send a grid on strongest/weakest pair(s) following the daily open based on MADDY
That is one to look forward to.

Wow, that would be awesome!!