Detailed below is my newest strategy. I invite eveyone to try it out as it does produce good profits if traded correctly. By good profits I mean you make pips everyday even if its only a few. Ive only traded this strategy on the Eur/Usd. Please see the attached PDF file for more information.
Ive decided to post a couple example trades from yesterday that I took. Please dont mind my chart editing aas ive never been that good at it. The time of the trades are detailed on the chart. The chart showes two trades with 136 pips profit. It just so happened that the first trade ended with a full reversal signal. The second trade ended with no other trades in sight as the market begins to range then showes a bullish signal that I did not take. I invested 6 hours waiting for these setups and made 136 pips profit.
It looks like a possible setup occuring at the moment. The stochs have crossed below 20. Im waiting for a reversal of the MACD and a confirmation from the MA cross. I estimate this signal to be complete within the hour if its going to happen. Ill repost when I have more info.
A full entry signal has occured to go long. Ive taken a long position. My jounal will be update with the results from this trade one it is complete. Lets see what happens!
It looks like a possible setup occuring at the moment. The stochs have crossed below 20. Im waiting for a reversal of the MACD and a confirmation from the MA cross. I estimate this signal to be complete within the hour if its going to happen. Ill repost when I have more info.
A full entry signal has occured to go long. Ive taken a long position. My jounal will be update with the results from this trade one it is complete. Lets see what happens!
I will only trade the Eur/Usd due to the small spread and its sexy quick moves as youve mentioned below. The big profits from this system come from holding your position and knowing your reversal patterns and resistance lines. When a good move happens 36 pips is nothing. I only made 10 pips profit and that disturbs me.
Ive only used it on the 5min so far. I find The losses smaller on the charts with lower time frames. This system will produce many good trades in the timeframe I suggested.
Thanks for the complement. Its a good system and will make pips daily. I hope everyone is taking part in my live trades which are done daily from 12am to 7am est.
Since 12am est ive only counted 3 lagit signals including the current one trade 3. Just be carefull to follow the exact system rules to avoid losses. Have you been trading since before 12am est?
