I like the AUD/JPY during the Asian, there is enough movements to get 10-15 pips and its kinds nice trading at 7-10 pm and then going to sleep for the night. This way i can wake up at 8am and get ready for the USA open and do it all over again. That would be my ideal trading day. I love the amount of activity during the Euro but I cant seem to keep a regular schedule going and stay
awake 2 nights in a row.
That’s a great time for trading for me since I’m on eastern time. So, to confirm…
You connect the last two dots, draw a horizontal line through the last dot, wait
for it to pierce or break that line by a pip, and then enter? You use the psar for
both the SL and TP? All of this on the 5 min TF?
Hi Blizard
Using the 5 min chart do you still aim for 10 – 12 pips TP. Or do you strictly rely on the SAR?
And when you use the SAR do you exit as soon as price hits the last SAR dot or do you wait for the candle to close past the last SAR dot?
Thanks
Blizard are you still planning to do the webinars if you have time?
Hello, the SAR I use as the stop loss but it must be on the same side as your position, or you can use the last confirmed dot because its close enough. If im up 7-8 pips i usually take the profits. The SAR for me is just a place for SL currently. I need to get better at letting the profits ride a bit more deffinately and the SAR will help there also. I think I will be starting the webinars on the 18th of this month. Maybe we can take shift incase some traders want to trade the EUR secession, Sandy-Beach can lead those. If youre up for it sir. I can trade the USA and ASIAN.
thanks
Some awesome trading on the EUR/USD. Great fib entries at the 61% pullbacks along with some breakouts. There were 2 more breakouts with the first 2 green dots however, you can see that the fibs give you much better entries unless you have a strong movement then the breakouts work well also.
thanks
Heya thanks i would handle the usa ones the only issue is i am working full time at the moment so i would not be able to fully run it but if i can quit my day job and trade full time definetly 
is that 7-8 pips after the spread?
thank you
Yes, 7-8 pips after the spread. 2 of those trades daily is enough for me. The SL for me is at the SAR so I don’t wait for the candle to close. The SL is the actual dot.
thanks
Here is an nice setup that just occured: I was happy with the extra 6 pips this late in the day.
thanks
thanks for that reply, yep the SAR acts like a trailing stop
i see you trade AUDJPY outside of the asain session
OK Blizard, pls let me know if my understanding based on the chart below is correct?
There are two horizontal lines drawn at the last confirmed dot for both a pending sell or buy.
Now, when looking at a potential long setup, I can either buy as soon as price pierces the
upper red horizontal line (2496) or, I can wait for price to pierce through which confirms the
buy but instead of jumping right in, I can wait for price to retrace to the 61.8% line and then
take the long.
Is this pretty much how you trade it? Either enter as soon as it breaks or just wait for a
retrace and then enter?
If yes to the above, do you find that your stops when entering straight away on the 5min
tf are about 30 pips?
Hi Barron, the blue dot is not confirmed yet, so your upper red trendline is not valid. You could however trade the fib pull back to the 61%. I have attached the setup, that actually worked our nicely. I dont usually take entrie this late especially for the AUD/JPY where both markets are closed but the setup was there and it worked out.
Also Baron, I noticed your minbars setting may be “2”, i suggest changing this to “3” for the Swing_zz indicator.
thanks
The trade went for 20 pips and may go further, i was happy with the 6-8 pips.
thanks
maybe we could take half TP at 7-8, and the other half when hits the SAR
so when you do fib pullback trades you dont aim for 161% anymore?
I aim for my 15-20 pips per day but usually the first fib pull back of the day during the end of Asian or beginning of EUR session will hit the 161% or 261% target, they cannot all hit that target especially this late in the day. Here is an example earlier today that hit 261% for approx 90+ pips: As mentioned before, I need to let the profits ride a little more. Also this is a good reason why I draw fibs upside down so you can see the pullbacks and entensions at the same time and where price may potential reach. The 61% level is the 38% in the chart
thanks
Out of interest guys has the market been any slower today than usual ? as in market moves ?
