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Re: ✡ Cagliostro's Alkemix Trading System ✡
Posted: Wed Jun 26, 2024 11:28 pm
by Cagliostro
Double thank you Mr. Gold - time to relax!
Is anyone else using the system? I'd love to have some feedbacks!
Perhaps they are too busy counting some cash
Re: ✡ Cagliostro's Alkemix Trading System ✡
Posted: Thu Jun 27, 2024 7:39 am
by Daniel1fx1
Hello @Cagliostro,
thank you for sharing your system, I'm going to try it next week.
Can you talk more about your process on how to choose the 2 pairs for London and 2 pairs for NY?
Thank you.
Re: ✡ Cagliostro's Alkemix Trading System ✡
Posted: Thu Jun 27, 2024 11:10 pm
by Cagliostro
Hi Daniel - Gold and Pound historically have a lot of volatility during the London session. Regarding the Footsie, every session has its index to that gets volatility during the first 2 hours of the sessions (DE40 at Frankfurt open, WS at NY open, Nikkei at Tokyo open, etc).
Same story for USD based pairs during NY. Apart from indexes I usually do not trade stuff that does not have USD in the pair. This just as USD accounts for over 80% of all the trading volumes, so better to stay with the giants.
Re: ✡ Cagliostro's Alkemix Trading System ✡
Posted: Thu Jun 27, 2024 11:14 pm
by Cagliostro
First trade all green, got stopped out, even with a large SL.
Shit happens. The only elements I can see that could give me an advice not to enter was RSIOMA that was not coming from an oversold condition, and the hour of the trade, we were in London pre-opening, a risky place. In any case the trade was valid.
Second trade, that was a real revenge, closed at the first bearish candle after the sema
Re: ✡ Cagliostro's Alkemix Trading System ✡
Posted: Thu Jun 27, 2024 11:36 pm
by DAVID99
Cagliostro wrote: Thu Jun 27, 2024 11:10 pm
Hi Daniel - Gold and Pound historically have a lot of volatility during the London session. Regarding the Footsie, every session has its index to that gets volatility during the first 2 hours of the sessions (DE40 at Frankfurt open, WS at NY open, Nikkei at Tokyo open, etc).
Same story for USD based pairs during NY. Apart from indexes I usually do not trade stuff that does not have USD in the pair. This just as USD accounts for over 80% of all the trading volumes, so better to stay with the giants.
New York opens. What is the WS index? Thank you
Re: ✡ Cagliostro's Alkemix Trading System ✡
Posted: Fri Jun 28, 2024 12:04 am
by ssotiro
Cagliostro wrote: Thu Jun 27, 2024 11:14 pm
First trade all green, got stopped out, even with a large SL.
Shit happens. The only elements I can see that could give me an advice not to enter was RSIOMA that was not coming from an oversold condition, and the hour of the trade, we were in London pre-opening, a risky place. In any case the trade was valid.
Second trade, that was a real revenge, closed at the first bearish candle after the sema
immagine_2024-06-27_151017798.png
I was just looking at this. Thanks for your efforts, first of all.
Though it ticked all the right boxes, it was before 9am, so I would not have taken it. Next one, however......beauty.
Re: ✡ Cagliostro's Alkemix Trading System ✡
Posted: Fri Jun 28, 2024 1:56 am
by Cagliostro
Re: ✡ Cagliostro's Alkemix Trading System ✡
Posted: Fri Jun 28, 2024 7:55 pm
by tmostafa007
Dear Cagliostro,
Is the trade below valid? The big arrow is pointing down, but the RASMO is up, the small arrow is up, and we are above the daily open.
Re: ✡ Cagliostro's Alkemix Trading System ✡
Posted: Fri Jun 28, 2024 7:58 pm
by tmostafa007
Also, In this example, is the trade valid? All conditions are met except that we are below the daily open.
Re: ✡ Cagliostro's Alkemix Trading System ✡
Posted: Fri Jun 28, 2024 8:06 pm
by tmostafa007
I also need to understand the difference between these types of arrows.
