Forex | FX Operator | Currency Trading - Daily Scalping the Asian High and Asian Low

jayalFX - Asian times

|2007-03-25 19:13:04

hi my first post , thanks for letting me join you, re the Asian session, just
where and when does that start and finish, also do you find that the slow down
is more or less at a regular time or is it random depending whats happening,..is
this method whats been mentioned as scalping the Asian Session
Allan J

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FXOperator

|2007-03-25 21:44:32

Hi welcome Allan J. My purpose of inviting people to join my site so that when
you guys ask questions on the strategy, I can compile and improve it.

Back to
your question, the start of a daily candle is 2100H GMT. There is no end point
for determining the Asian session for my method. Once the High and Low are
formed around 0600H GMT, you will look to enter orders. The slow down is due to
many traders positioning themselves to wait for the breakout when the European
session opens.

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cheman

|2007-04-24 08:28:18

what meta4 broker u uesd to determine AHAL at ypur chart above?

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FXOperator

|2007-04-24 11:17:04

I use FXDD Metatrader 4 for charting. You can use any charts, as long as you are
about to determine the High and the Low within that time range (2100H - 0500H
GMT)

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jschmude

|2008-12-22 03:05:24

I have been doing some back testing on it tonight. You minght consider using a
filter of an 84 EMA. This will filter out most of the bad trades, giving you an
even higher winning percentage!

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FXOperator

|2007-04-24 13:56:10

Hi jschmude,

Glad you enjoying the setup. There are many time frames on the
chart, you were referring to which TF for the 84 EMA?

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jschmude

|2007-04-24 21:47:44

I would recommend using the 84 SMA on the 60 min chart. Using this filter will
cut out some trades; however, your success rate will be significantly higher.
Just a suggestion. BTW, I am going to join you in trading with this technique
starting this week!

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jschmude

|2007-04-24 22:08:43

FXOperator,

It seems like your Asia Scalping strategy can also be enhanced by
some of the techniques of the SRDC Episode II. Using the FX Sniper's Ergodic
CCI along with the SHI Channel should help in setting good targets, which will
generate more PIPS!

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FXOperator - Simplicity

|2007-04-26 06:42:15

Thanks for the suggestion jschmude. You could if you think it brings in more
pips. The method is customizable to individual style.

If you know my trading
philosophy, I prefer to make things simple. There are many ways to look at the
market, I prefer the simpler way. :grin Hope you made pips yesterday, on a 12th
win.

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jschmude

|2007-04-26 22:57:29

FXOperator,

I am using the managed take profit EA in conjunction with your
Asia Scalping method. My take profit levels are 10, 20, 30, and 40 pips (25% of
the position at each level). Also, when I am 7 pips in profit, my stop
automatically moves up to 1 pip profit, and when I am 15 pips in profit, the
stop moves up to 5 pips profit.

This morning was AWESOME! My buy was hit at
2.0046, and the managed TP closed me with 1 pip profit. Then, my sell was hit
on the downside at 1.9999, and I closed 1/4 of my position with 10 pips profit,
another 1/4 with 20 pips, and the remaining half barely hit my trailing stop
with 5 pips profit.

Your system is very logical, and it seems to work
extremely well on the GBP/USD! It does not appear to work nearly as well,
however, on the EUR/USD. Keep up the great work!

John

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