thread: Since when is London the crappiest trading session?

I reside in Europe, so I wake up few hours until London open. It was greatest and most volatile trading session, EU and GU utilized to maneuver 120 pips daily, GJ 300-400... However, things have changed. Years past, I still haven´t obtained used.

Old technical market arrangement don´t work like it did. LL, LH, HL, HH supply-demand. It ´s a f.. .ng ranging carousel. 100 pips up, then shed 120, 80 upward, shed 60.

And of course - have to adore those talking heads who mention brexit, grexit, maybe we increase rates (next day we likely won´t increase rates) Trump and his tweets.

Lunatics run the markets now.

M1 and M5 charts used to seem like that... it´s H1 now. On pairs, normal pairs, not some cockoo exotic.



Thank you for reading!
/I feel better now/

S/R commerce to H1 direction.



I´ll alter broker next week. ATM disperse is a pure murder, current spreads are 1.7-2 typical on pairs I exchange. New broker less than 1.

1 pip is HUGE gap, on 1000 transactions it is 1000 pips.

Found some calculator to illue 4 pips scalps with 75% winnings. Damn!

1 other thing I find invaluable for trading the time frames would be wait for the chart to expand.

Most strong egies will do the job pretty well when the chart gets moving, most will struggle when it becomes tight.

And with so many pubs daily it is only a matter of time before the chart expands. At times you might not be doing anything for a few hours but you understand the chart is going to expand at some point, wait until then otherwise you'll probably pay the price as you get topped and tailed. Bear in mind, there are so many pubs over the afternoon, that you don't have to attempt and get on everything.

Calculus - Can you utilize pending orders?

I was observing UJ and EJ, but hard to deal with both on actual time, so I chose one.
Thaught ab placing buy limitation on EJ, as EUR is acting as most powerful and JPY weakest now, but didnt take the risk.

Took the level for several pips.
Perhaps not the smartest trade, since ECB still in play and degree on M1 analyzed third moment.
My experience says 1-st and maybe 2-nd test are worth the risk, 3-rd and more - not really.

90% of the time that I enter a a stop limitation (I'm after momentum). I use Button trader and it is excellent. One click and I have obtained an order working using a stop, it is very programmable and so easy to move/cancel/change orders. Just works with Interactive Brokers however.

For getting out using a profit I have a tendency to use both limit and market orders. Often/usually when I use a limitation price goes further, that is trading. I cover into a direct line move that moves right into some sort of level, that is a market order, one click button trader via my trusty Logitech G13 (programmable keypad).

Taking profits is obviously challenging. It's the hardest skill to learn in gambling which is why if you search, there is not too much good advice out there. Taking profits is exactly what separates the men from the boys in this sport. However, there likely isn't a ideal profit taking plan for any trader (even the best) so attempting to have something which's half decent to good is the best we could all do. If I didn't have a powerful constitution working out when/why/how to take profits could have sent me into the mad house a long time before, it is that hard. That's why there's so little good advice out there since there are few proper answers...

PS. One of the very best profit taking egies I have developed is actually trading . Every time that I have a lengthy on (or brief for inverse ) and that I ch myself saying/thinking'that is really going to blow' AROUND A huge LEVEL I pay straight away at market. I can't tell you how good this is and I believe it relates to the idea of the'crowd of price action'. On the short-term charts the price action can suck you semi-hypnotise you (and more notably most other market participants) so higher (or lower) prices will sub-consciously set you in auto-bullish mode and in precisely the exact same time you won”t consider the market may go lower. This is lethal for the short-term trader and so traders should do everything they can to work out how to not be squeezed to the crowd of price action. Nobody can have their defenses up all the time, markets are somewhat perverse, they will work that perversity on you regular, sucking you into the crowd of price action is one way the perversity will get you if your strategy is strong and you know what you're doing.

Hello Crackpot,

is the same egy you are using in your myfxbook? I only saw your post on the Scammers - Hall Of Shame thread.

Nice Outcomes

Hello, is this the same egy you use in your myfxbook? I saw your article on the Scammers - . Nice results

Yes, same egy, so far it works for me. In spite of killer spreads, penny acc wont make me sweat.
http://www.myfxbook.com/members//moth/2007678

90% of the time that I enter a a stop limitation (I'm following momentum). I use Button trader and it is excellent. One click and I've obtained an order working using a stop, it is very programmable and so simple to move/cancel/change orders. Just works with Brokers however. For getting out using a profit I tend to use both limit and market orders. Often/usually once I use a limitation price goes farther, that's trading. I cover into a straight line move that moves into some sort of level, that's a market order, one click button trader via my trusty...

That is so true lol, this PA stuff we see is nothing but a commodity of STOP HUNTING. .

Bigger institutions searching for smaller association = PA..

Some moron state they search our stops but that's so ridicolous lol. . RETAILERS are such a tiny portion of the market and probably 99 percent of our orders don't get passed outside anyhow. . However, as we receive quotes in the interbank we could see this happening all of the time, and we could get trapped just enjoy the prop traders.


What do we do to live? IMO the only option is to steer clear of discretionary trading, since we just can't compete with these riggers with decades of experience in oversmarting people.