Asia Open Market strategy..

[aril]

when I see your strategy in this market Asia depends on pending orders, more like trapping techniques, sorry if I am wrong. if you don't use indicators for more detailed analysis? how long have you been using this strategy? Are the benefits from the above strategy consistent for you? sorry if I ask a lot, but this seems very risky. Do you want to upload your trading results for the past few days? can at least prove that this strategy is profitable and worth trying. sorry, it's not meant to doubt you but for me it really feels very risky and a little gambling.

[buttar]

i don`t think so that this stratergy is safe and can be used forever it is too much risky and it can earn us too much profit but at the same time it can be a source of big loss . so we should any alternative and safe trick.

[buttar]

aapki strtegy hai achei lekin kai baar aisa hua hai ki koi powerful news ane ke baad market buri trah se opposite jane lagta hai tab hamare pas koi optio ni bachta loss ke....isliye many a times we face loss with this strategy

[buttar]

i don`t think so that this stratergy is safe and can be used forever it is too much risky and it can earn us too much profit but at the same time it can be a source of big loss . so we should any alternative and safe trick.

[0307148]

That's right..no one can predict if the price will move above 50 pip from the opening price..that's why this strategy can't stand alone..it need martingale..and I choose cut switch martingale strategy..so..after one pending order hit,I place another pending order with double lot in SL price..
This strategy based on my own research..I export GU one year daily time frame history to excel (2011)..based on that data..in 1 year trading day..its only 12 days (im a little forget) the high an low price not hit 50 pip under or up the open price..its mean only 12 day trading time in one year that our pending order not hit at all..BUT..much off them the price only hit pending order and then run to another direction..thats why i used cutswitch martingale strategy too..

[buttar]

It can be used in all condition..but the enemy off this strategy is a sideway market..because it will make our SL hit again and againIf someone ask,if it made profit,then why you only used it for three days..? the answer is simple..I dont have much time to watch the chart..so,i really2 hope that someone can made this strategy into an EA.

[buttar]

l personaly not agree with this strategy since it is not based on any indicator or condition.l want to ask if what is the reason for waiting the price move 50 pips above opening before placing our stopbuy?the market will not act same always.what is the logic behind this.what if after making 60 pips above opening then will make a sharp pull back and hit our stoploss.?l hope you can explain more thnx for the share.

[sana24]

this seems like a good trading strategy. ive never traded during this asian open actually because i dont see much movement in EURUSD during this time and i dont have much experience trading other pair but i will try with your strategy and see how it goes. hopefully it will be my new trading strategy

[FM1881]

l personaly not agree with this strategy since it is not based on any indicator or condition.l want to ask if what is the reason for waiting the price move 50 pips above opening before placing our stopbuy?the market will not act same always.what is the logic behind this.what if after making 60 pips above opening then will make a sharp pull back and hit our stoploss.?l hope you can explain more thnx for the share.

[tayyabasuleman]

The Canadian dollar gained after sources said Ottawa was ready to offer the United States limited access to the Canadian dairy market as a concession in negotiations to remake the North American Free Trade Agreement. Still, anxiety over the ongoing trade dispute between China and the United States - the world's two largest economies - kept most investors on edge.


China's offshore yuan traded 0.1 percent weaker at 6.8857 per dollar after dropping to 6.8888, its lowest in more than two weeks.