Hit SL
Hit SL
Hit SL
Hit TP
A net loss for the day.
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same, i finished the week @ +5% though, and on the month, I’m 12% up. I’ve attached my current results.
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A good tip I have seen from a few friends of mine who are also trading this exact strategy is that it is always true that the trend is your friend. So perhaps when you are mapping out the Asian session’s range, it might be worthwhile to check out in the long term (4H or D1) to see if the trend is currently up or down. If the breakout is then OPPOSITE of the current trend, it perhaps might be worthwhile to wait for a pullback into/towards the range then showing sign of continuation before entering to avoid a false breakout. Might just save you from a few losing trades.
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Lovely results
Yeah, that’s what I usually do, except I think this week, towards the end I might’ve loosened up on that. I feel like the markets were hella choppy this week toward the end on the 1 hour charts. Doesn’t matter, I still came away with winnings!
This is good advice Cloudninee.
Do you have any recommendations for the best indicator(s) to use.
Thanks.
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Well, I have not taken any trades this afternoon, due to the huge move in the first hour’s candle.
Will watch what happens during the evening.
Will see what we can do tomorrow.
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I don’t particularly like trading with indicators as most of them would be lagging. I usually use market structure and candlesticks patterns to trade.
If you use the H4 or D1 charts, you will be able to see pretty clearly what the overall trend is for the current period.
If you must use an indicator, then I have to say perhaps try out EMA of 20 or 50.
Smart move. When unsure, live to fight another day 
Hi CloudNinee, It’s a very good advice. For example, today GBP/USD 1D chart with EMA20 clearly shows Downtrend. EMA50 is flat. I think we may use EMA20 as it is faster indicator. But sometimes the trend is not very clear. Maybe, it needs more experience.
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Don’t get too heavily relied on indicators, they are there to support only and price action should be your main friend. Like said, on the 1H or even better the 4H and 1D timeframes, if you zoom out, you can clearly see the current trend without any indicators.
Closed this morning at a small profit
Did not trade due to huge opening wick and shadow
Hit SL
Hit SL
Not a profitable day again.
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Market’s been hella unstable lately - you can tell based on the wicks and massive candles even for the major currencies.
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I agree. Yesterday as soon as London market opens it shows instability and hence I didn’t open any trades. Let us see how it works today.
Thanks Adamsc57 for presenting test results in a beautiful way. Is it Demo or Live account?
Just an FYI everyone, along this thread some people have requested for my daily chart and main trading strategy. I have today shared it. Please feel free to have a read it’s called " Price Action, Market Structure & Bollinger Band".
If you have any questions just let me know.
Once again, only here to share my own knowledge and what has worked for me.
All the best.
Thanks a lot, CloudNinee, for your generosity. I found it on Forum. I will study today. Thanks a lot once again.
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Also with GU and GJ, you can see it broke out of the range strongly but leaving long massive wicks. I personally would not have traded these as it clearly shows market indecision and crazy volatility/movement.
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Just a demo account for now. I need to know what I am doing first, as following the rules blindly does not always work.
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These are the sorts of things I need to improve upon.
I really appreciate Cloudninee’s efforts in posting this method then following up with all the help and support he has given.
Thanks mate.
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