Guys i have a method which has been very successful for me which i wish to share with everyone else. basically its trend-line trading on a 4hr time-frame. I win 8/10 of these trades and they happen a couple of times a week.
rules:
dont trade 1hour before or after heavy economic news.
Trade only during Euro start to about 3 hours before New York end.
Look for a bullish trendline on the 4hr timeframe. After the second leg retracement buy when the price hits the line again.
tp is 50pips
sl is 50pips.
The screen shots attached are examples of this setup
The first one is of a buy setup the second is of a sell setup.
In the first pic the trend is confirmed by the first two legs. a bounce of this gradient on a third time confirms a buy.
Any questions let me know
****************UPDATE*********************
Attached is my Neural Net client for this system, please read the readme file.
How it works
it works on all platforms with 1-click execution orders.
how it works is it connects to my main nnhost which lists the trades. the trades will be visible through the nnclient and you can choose to autoexecute them if you wish. The way it autoexecutes is via mouse clicks and remembering where the buy and sell buttons are on your one click order window. so when my nnhost(which analyzses market for these trend patterns) lists a trade everyone who is connected can see that trade and auto trade it(when it hits the line on the 3rd bounce) if they choose. if you dont want to autotrade it you can just use it to view which trades i will be taking.
Trades are only for this method described in this thread.
Once connected it will auto update itself with upcoming trades
I have also tried a screen video though teh quality is pretty bad so i have included in a text file what is on the screen.
Youtube URL:
apologies for the clarity i didnt have time to learn camtasia
Enjoy!
rules:
dont trade 1hour before or after heavy economic news.
Trade only during Euro start to about 3 hours before New York end.
Look for a bullish trendline on the 4hr timeframe. After the second leg retracement buy when the price hits the line again.
tp is 50pips
sl is 50pips.
The screen shots attached are examples of this setup
The first one is of a buy setup the second is of a sell setup.
In the first pic the trend is confirmed by the first two legs. a bounce of this gradient on a third time confirms a buy.
Any questions let me know
****************UPDATE*********************
Attached is my Neural Net client for this system, please read the readme file.
How it works
it works on all platforms with 1-click execution orders.
how it works is it connects to my main nnhost which lists the trades. the trades will be visible through the nnclient and you can choose to autoexecute them if you wish. The way it autoexecutes is via mouse clicks and remembering where the buy and sell buttons are on your one click order window. so when my nnhost(which analyzses market for these trend patterns) lists a trade everyone who is connected can see that trade and auto trade it(when it hits the line on the 3rd bounce) if they choose. if you dont want to autotrade it you can just use it to view which trades i will be taking.
Trades are only for this method described in this thread.
Once connected it will auto update itself with upcoming trades
I have also tried a screen video though teh quality is pretty bad so i have included in a text file what is on the screen.
Youtube URL:
Inserted Video
apologies for the clarity i didnt have time to learn camtasia
Enjoy!
Attached File(s)
dave486.zip
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Uploaded Jul 25, 2010 2:58am
screentext.txt
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2,234 downloads
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Uploaded Jul 25, 2010 2:58am