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Re: ✡ Cagliostro's Alkemix Trading System ✡

73 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.
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"I conjure from shadows and shape fortunes from the unseen. The treasure lies hidden in plain sight, beneath the sunlight." - Cagliostro

Re: ✡ Cagliostro's Alkemix Trading System ✡

74 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 :D

immagine_2024-06-27_151017798.png
"I conjure from shadows and shape fortunes from the unseen. The treasure lies hidden in plain sight, beneath the sunlight." - Cagliostro

Re: ✡ Cagliostro's Alkemix Trading System ✡

75 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 ✡

76 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 :D


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.
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