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Re: System based on rupture of Asian range + volume
Hello everyone, I've been trying out a system of my own that combines the rupture of the Asian rank with confirmation by volume. The results have been fairly consistent in the last three months, so I want to share it around here to bring something useful to the forum. The strategy is based on marking the range of the Asian session (00:00 - 06:00 GMT)
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Re: System based on rupture of Asian range + volume
Interesting, can you explain how you define "volume confirmation"? Because if you use just tick volume, that's pretty misleading...
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Re: System based on rupture of Asian range + volume
It sounds good, but the concept is not new. Many have already tried to exploit the Asian break-up and ended up fried by the fake break-ups. What do you do to filter those moves?
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Re: System based on rupture of Asian range + volume
Thanks for sharing, I operate something similar but with EMA and RSI as confirmation. If your system has good filters, it could be very useful.
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Re: System based on rupture of Asian range + volume
The volume indicator I use is not the typical volume of MT4. I work with real volume data through an external plugin that connects with future data. I use it to detect volume peaks that accompany the rupture. If the price breaks without volume, I do not enter.
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Re: System based on rupture of Asian range + volume
I already knew that something weird was... real volume with future data, so this isn't for everyone, is it?
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Re: System based on rupture of Asian range + volume
I can confirm that using the Asian rank as a base is very effective if it leaks well. It has worked mostly in pairs like GBPJPY or XAUUSD. However, you have to have a lot of discipline.
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Re: System based on rupture of Asian range + volume
No need to always use real volume. I have also tested with adapted volume indicators, such as the Better Volume, which although not perfect, gives acceptable signals to filter inputs.
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Re: System based on rupture of Asian range + volume
I tried that strategy, but I abandoned it. The false breakups made me crazy. I�m interested to know if you re-enter or just wait the next day.
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Re: System based on rupture of Asian range + volume
Good question. I do not re-enter the same day if the first sign was false. I prefer to stay out and preserve capital. In this system, patience pays.
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Re: System based on rupture of Asian range + volume
And what is your average monthly gain with this system? Are you operating on demo or real account?
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Re: System based on rupture of Asian range + volume
I have taken it into account for a month and a half, and I have been taking it out between 6% and 9% monthly with a 62% success rate. Risk 1% per operation, maximum two operations per day.
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Re: System based on rupture of Asian range + volume
That profitability sounds too pretty to be true. Do you have a verifiable MyFxBook or trackrecord?
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Re: System based on rupture of Asian range + volume
Yeah, I've got the track checked on FX Blue, although I don't like to share it publicly, but if anyone wants to keep an eye on it, I can send it for private without a problem.
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Re: System based on rupture of Asian range + volume
Thank you for sharing something different. I am already setting ranges and preparing the volume. If this works well for another week, I invite you to a virtual beer.
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Re: System based on rupture of Asian range + volume
Thank you for sharing this comprehensive analysis. It has opened my eyes to several mistakes I make without realizing it.
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Re: System based on rupture of Asian range + volume
And what if you operate only with price share on M5 without volume or fundamentals? Is that still all right?
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Re: System based on rupture of Asian range + volume
Thank you for putting into words what many fail to explain. Timing seems crucial to me and I always overlooked it.
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Re: System based on rupture of Asian range + volume
Incredible contribution, this goes straight to my favorites. It is rare to find content of such real value in a forum.
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Re: System based on rupture of Asian range + volume
Thank you for writing this in so much detail. I keep the context part, that�s what I find it hard to understand.
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Re: System based on rupture of Asian range + volume
But aren't you overcomplicating something that is supposed to be simple? A lot of theory, little actual practice.
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Re: System based on rupture of Asian range + volume
So where did you learn to read that context you're talking about? Do you recommend any sources or mentors?
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Re: System based on rupture of Asian range + volume
And how do you handle the mindset in days when everything goes wrong? That part is very ambiguous always.
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Re: System based on rupture of Asian range + volume
I just needed something to slow me down and rethink my operation.
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Re: System based on rupture of Asian range + volume
I warmly appreciate this reflection. It is evident that it is based on experience and not on recycled theory.
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Re: System based on rupture of Asian range + volume
Your message came right after a rough streak, and it made me see what I'm failing at.
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Re: System based on rupture of Asian range + volume
Do you really think time management is so heavy? The price is the king, not the clock.
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Re: System based on rupture of Asian range + volume
What if you do all that right but still the market throws you against it without any logic?
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Re: System based on rupture of Asian range + volume
How does that �context� work out? It�s not clear to me how it is interpreted without indicators.
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Re: System based on rupture of Asian range + volume
Thank you, this is what differentiates a novice trader from a professional one.
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Re: System based on rupture of Asian range + volume
Thank you for writing from honesty and not from the ego. I can tell you broke your head with this.
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Re: System based on rupture of Asian range + volume
Thank you for that part about the trader's personality. Not everyone understands it, and it's key.
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Re: System based on rupture of Asian range + volume
Do you think you can automate everything you say or just serve as manual trading?
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Re: System based on rupture of Asian range + volume
And how do you filter the real liquidity zones from the fake ones? Forex volume is unreliable.
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Re: System based on rupture of Asian range + volume
Could you share some operations journal that applies all this?
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Re: System based on rupture of Asian range + volume
Thank you, this post has more value than many paid courses I've seen out there.
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Re: System based on rupture of Asian range + volume
Thank you for the time you took. I hope more contributions like this in the forum.
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Re: System based on rupture of Asian range + volume
Thanks for not selling smoke or promising magical profitability, people like you need it here.
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Re: System based on rupture of Asian range + volume
Did you learn all that on your own or did someone teach you? Because it sounds like years of hard experience.
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Re: System based on rupture of Asian range + volume
Could you give examples with graphics? I have a hard time landing all this to something visual.