Brilliant Technique | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Brilliant trading idea 11 replies

Need an EA for another Brilliant system 17 replies

Straddle technique for news announcement? 9 replies

Forex Overeasy Technique 1 reply

Brilliant Technique

  • #1
  • First Post: Apr 7, 2010 3:35pm Apr 7, 2010 3:35pm
I would like to share my two trade technique which i use on mini fx effectively to make consistent money.

Here is the deal:

1. I usually trade EUR/USD becz it moves a lot.

Pre-req: two trading accounts
Everyday i go long and short on other accounts then i wait for the market to go 140 pips in profit on one side and loss on other side. When 140 pips profit has been taken in the other account the losing trades gets corrected i get out at profit with 20-30 pips. 140 pips is my target you can even try smaller targets perhaps between 50-100.
  • #2
  • Apr 7, 2010 3:38pm Apr 7, 2010 3:38pm
Why not just wait for the 140 pip move without opening any trades. *Then* enter the trade.
You are in a maze of twisty little passages, all alike.
  • #3
  • Apr 7, 2010 3:42pm Apr 7, 2010 3:42pm
i have studied eur/usd pair a lot and in a session sometimes it can move over 100 pips but then stabilizes. Once i take a profit of 140 pips from one trade i am still starting from scratch with 140 pips already in my another account. Now for the losing trade, i anticipate euro to correct its self by 30-50 pips which is my profit. I have made good consistent money with this like i said i trade mini accounts only.
  • #4
  • Apr 7, 2010 3:42pm Apr 7, 2010 3:42pm
Right, and save yourself some commission at the same time.

Quoting stevegee58
Why not just wait for the 140 pip move without opening any trades. *Then* enter the trade.
Prices are never too high to begin buying or too low to begin selling.
  • #5
  • Apr 7, 2010 8:22pm Apr 7, 2010 8:22pm
Quoting thehenryfam
Right, and save yourself some commission at the same time.

This thread must be joke.
  • #6
  • Apr 7, 2010 9:25pm Apr 7, 2010 9:25pm
What the hell i can hear your account growing smaller by the minute?

damien
i pull the trigger when others are fearful---me
  • #7
  • Apr 7, 2010 10:12pm Apr 7, 2010 10:12pm
what... like people who can hear colours?

freaky
Congratulations ScalaFX for coming out of the closet!
  • #8
  • Apr 7, 2010 10:30pm Apr 7, 2010 10:30pm
I taste the sight of laughter.
  • #9
  • Apr 8, 2010 2:11am Apr 8, 2010 2:11am
not a wise move surely?
  • #10
  • Apr 8, 2010 5:32am Apr 8, 2010 5:32am
If you lend yourself the money in the first place this is a one way, no lose situation.
Gone to a better place
  • #11
  • Apr 8, 2010 9:38am Apr 8, 2010 9:38am
Quoting opie999
I taste the sight of laughter.
you taste old people watching jerry lewis??? ewww :/
Congratulations ScalaFX for coming out of the closet!
  • #12
  • Apr 8, 2010 11:07am Apr 8, 2010 11:07am
Quoting nubcake
you taste old people watching jerry lewis??? ewww :/
Of course not. That's silly. But I can hear the color of pork chops!

To the OP of the “brilliant technique”…if you search the forum for “hedge” you’ll discover a subject that has been thoroughly sliced, diced, pureed, and beaten to pulpy mess. If it works for you, great. Congrats on finding a way around the recent NFA ruling prohibiting concurrent long/short positions on the same pair (which you'll also find in a search).
  • #13
  • Apr 8, 2010 5:40pm Apr 8, 2010 5:40pm
Quoting opie999
Of course not. That's silly. But I can hear the color of pork chops!
yeah but, who doesn't? it sounds like celine dion right?

Quote
To the OP of the “brilliant technique”…if you search the forum for “hedge” you’ll discover a subject that has been thoroughly sliced, diced, pureed, and beaten to pulpy mess. If it works for you, great. Congrats on finding a way around the recent NFA ruling prohibiting concurrent long/short positions on the same pair (which you'll also find in a search).

NFA doesn't rule the world, and not everyone lives in USA. ZAT EEZ ALL EIM SAY EEEENG! NEIN!
Congratulations ScalaFX for coming out of the closet!
  • #14
  • Apr 8, 2010 5:47pm Apr 8, 2010 5:47pm
Quoting nubcake

NFA doesn't rule the world, and not everyone lives in USA. ZAT EEZ ALL EIM SAY EEEENG! NEIN!
Yeah, yeah, I know but what would be the point of using two accounts if you were "allowed" to use the Brilliant Technique in one?
  • #15
  • Apr 8, 2010 5:59pm Apr 8, 2010 5:59pm
it's like the Colonel's secret herbs and spices.
Congratulations ScalaFX for coming out of the closet!
  • #16
  • Apr 8, 2010 6:07pm Apr 8, 2010 6:07pm
Sorry if I interrupt. Googled "Brilliant", found mm rules. One, for this method: "Things rarely end up how you planned ".
  • #17
  • Apr 8, 2010 6:23pm Apr 8, 2010 6:23pm
Quoting ajanjua
I would like to share my two trade technique which i use on mini fx effectively to make consistent money.

Here is the deal:

1. I usually trade EUR/USD becz it moves a lot.

Pre-req: two trading accounts
Everyday i go long and short on other accounts then i wait for the market to go 140 pips in profit on one side and loss on other side. When 140 pips profit has been taken in the other account the losing trades gets corrected i get out at profit with 20-30 pips. 140 pips is my target you can even try smaller targets perhaps between 50-100....

This whole technique hinges on one statement "the losing trades gets corrected". Given that theres no reason for that to happen, it is pure punttery.
Economists have forecast 9 out of the last 5 recessions
  • #18
  • Apr 8, 2010 6:57pm Apr 8, 2010 6:57pm
Quoting markmm
This whole technique hinges on one statement "the losing trades gets corrected". Given that theres no reason for that to happen, it is pure punttery.
don't be hating yo!

this is THE best system you will find apart from the flush method!

just for those who don't know the flush method... you simply go do your bathroom business, and when you flush you take note of the direction the water flushes. Long for clockwise and short for anti-clockwise. Best. Method. EVER!
Congratulations ScalaFX for coming out of the closet!
  • #19
  • Last Post: Apr 8, 2010 7:00pm Apr 8, 2010 7:00pm
Quoting nubcake
don't be hating yo!

this is THE best system you will find apart from the flush method!

just for those who don't know the flush method... you simply go do your bathroom business, and when you flush you take note of the direction the water flushes. Long for clockwise and short for anti-clockwise. Best. Method. EVER!
Sorry I was trying to put people off actually, as its the system I trade, except I also hedge with USDchf just and collect on the correction, love those corrections.
Economists have forecast 9 out of the last 5 recessions
0 traders viewing now