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-   -   bo7a method... method for GBP/JPY (https://www.forexfactory.com/showthread.php?t=60590)

mindforex Dec 13, 2007 10:29am | Post# 1

bo7a method... method for GBP/JPY
 
5 Attachment(s)

Hi dear friends,




First I must tell you that This method was made by an Egyptian guy called Bo7a




really I found it is the best for making about 900 to 2000 pips per month




After reading this method u will discover that forex is so so easy but needs to understand that it is simble




Now let's get started

What are we going to use




1-ema 7 (yellow)



2-ema 15 (red)



3-ema 90 (white)



4-daily pivot fibo


steps


1-we detect trend using ema 90 if the price is over the line then we are in an up trend and we are looking only for long positions , and if the price is under the line then we are in down trend and we are looking only for short positions


2-we use the crossover of ema 7 with ema 15 to determine the entry point , we don't enter immediately after the intersection but we wait until the price retest ema 7


3-we use the daily pivot fibo to determine the exit point and we exit at the first level that meets us or before it


4-use safety stop loss at 75 points and u can use hedge if u like it



5- don't enter with very big candles or with news and in vacations


now download the template and other indicators from the attachments




see my charts and start trading with it and give me ur opinions

[attach]72492[/attach]
[attach]72493[/attach]
[attach]72494[/attach]
[attach]72495[/attach]
[attach]72496[/attach]

billbss Dec 13, 2007 10:54am | Post# 2

It looks interesting.

By "retest", do you mean price must touch the 7EMA after the MA cross?

On exit, do you consider the pivot itself as a level?

Do you trade during any particular time?

Thank for sharing.

mindforex Dec 13, 2007 10:58am | Post# 3

It looks interesting.

By "retest", do you mean price must touch the 7EMA after the MA cross?

On exit, do you consider the pivot itself as a level?

Do you trade during any particular time?

Thank for sharing.

1 - I mean that price must touch the 7 ema afther the cross

2- if it is enough far from the price i consider it a level

3- I like europian and american perion but u can trade at any time, cuz this strategy depends on trend so u don't have a wrong entry

thanx for visiting my thread

cyberwang Dec 13, 2007 11:02am | Post# 4

1 Attachment(s)
Hi Mindforex,
Thanks for sharing. Attached is the current GBP/JPY chart. Price currently testing EMA7. Do we take a position after the price close above EMA7 if crossed already occured?

Thanks.
[attach]72502[/attach]

billbss Dec 13, 2007 11:32am | Post# 5

1 - I mean that price must touch the 7 ema afther the cross

2- if it is enough far from the price i consider it a level

3- I like europian and american perion but u can trade at any time, cuz this strategy depends on trend so u don't have a wrong entry

thanx for visiting my thread
How far must it be before you consider it a level?
Thanks

ankur_75 Dec 13, 2007 11:38am | Post# 6

Other than GBP/JPY
 
Hi, do you know if this method has been tested on any other pair??

Thanks

mindforex Dec 13, 2007 11:40am | Post# 7

Hi Mindforex,
Thanks for sharing. Attached is the current GBP/JPY chart. Price currently testing EMA7. Do we take a position after the price close above EMA7 if crossed already occured?

Thanks.

the price didn't cross , we shall wait for the cross , and after it happen we wait for the price to touch the ema7 then we enter

u can use the indicator attached it will give u a signal on crossover

mindforex Dec 13, 2007 11:42am | Post# 8

How far must it be before you consider it a level?
Thanks
about 50 pips

mindforex Dec 13, 2007 11:44am | Post# 9

Hi, do you know if this method has been tested on any other pair??

Thanks
I didn't test it on other pairs but u can do .... from the first sight i can see it will be good for EUR/USD and USD/CHF

MaXeY Dec 13, 2007 11:52am | Post# 10

يا بوحة يا جامد
mal2ish 3adnk tari2t 3okal ?

mazdaz Dec 13, 2007 11:54am | Post# 11

Looks like an interesting system. I like it!!

chou Dec 13, 2007 11:59am | Post# 12

the price didn't cross , we shall wait for the cross , and after it happen we wait for the price to touch the ema7 then we enter

u can use the indicator attached it will give u a signal on crossover
May i make Order Pending from EMA 7 ? so we can enter early

mindforex Dec 13, 2007 12:05pm | Post# 13

1 Attachment(s)

hey friends

its a good chance to enter

it's our first trade



[attach]72527[/attach]

mindforex Dec 13, 2007 12:06pm | Post# 14

يا بوحة يا جامد
mal2ish 3adnk tari2t 3okal ?
صبح صبح يا عم الحج

بوحة ده معلمنا كلنا

billbss Dec 13, 2007 12:06pm | Post# 15

hey friends

its a good chance to enter

it's our first trade

It hasn't retested the 7EMA yet.
Are you saying to enter anyway?

mindforex Dec 13, 2007 12:08pm | Post# 16

May i make Order Pending from EMA 7 ? so we can enter early
no man u must wait for the crossover

chou Dec 13, 2007 12:09pm | Post# 17

It hasn't retested the 7EMA yet.
Are you saying to enter anyway?
i agree billbss, i just ask how about we OP from 7 EMA.

chou Dec 13, 2007 12:11pm | Post# 18

no man u must wait for the crossover
Yes, i mean i wait for the arrow, then i OP from 7 EMA. Like GJ now. May i OP from 7 EMA ?

mindforex Dec 13, 2007 12:12pm | Post# 19

It hasn't retested the 7EMA yet.
Are you saying to enter anyway?


no I didn't mean to enter now I mean to enter after testing the 7ema

Iam just telling that it is a chance and u must have a time to try it before u trade using it


mindforex Dec 13, 2007 12:14pm | Post# 20

Yes, i mean i wait for the arrow, then i OP from 7 EMA. Like GJ now. May i OP from 7 EMA ?
yeah man u can set a pending order


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