Simple Trading system for Intraday/short term

Anybody earn 50 pips on June12?

Congratulation!

Anybody want to know today entry...
take this down and draw a line on your chart.

For GBP/USD

Open - 1.9741

H1 - 1.9775
H2 - 1.9830
H3 - 1.9885
H4 - 1.9707
H5 - 1.9652
H6 - 1.9597

Place order now at;
For Buy 1.9775
For Sell 1.9707

Place stop loss at 1.9741

Good Luck!

Update for yesterday..

This is my report for this system;

Yesterday, I had 3X entry
1st and 2nd entry - stop loss +3,

So, I have profit for the 2 entry is +6

The 3rd entry 50 pips

So, Total profit for the day is 56.


Anybody had the same experience?

If any.. Congratulation!

Maney management is very important.
Remember that...

This is the Fibonacci Number;

1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, ...

currently we use 34,89 and 144

Why not we try the 55 also...

I will post it soon for the new culculation...

These is the new entry..

Open - 1.9741

For Buy;
H1 - 1.9775
H2 - 1.9796
H3 - 1.9830
H4 - 1.9885

For Sell;
H5 - 1.9707
H6 - 1.9686
H7 - 1.9652
H8 - 1.9597

With this entry, we have a chance to earn about 20 pips up from
H1 to H2(Buy) or H5 to H6(Sell)

Let us try this..

anybody trade this system..
watch your market.. just open!

Becareful for this coming 4.30, we have news release.
If you in the open market situation... close the price...5 minutes before the release. "4.25"
+/- we have to quit!
Unless you want to take a risk...

close... -13 for 1st entry..
Never mind.. latter we make money back

Who want enter again..
wait until the spread back to normal
ok...good luck!

Anybody manage to earn on june13?

my 1st entry was -13 pips
2nd entry was +15 pips

So.. finaly...i earn +2 pips

Is bad day.....I have to follow-up every minutes because the market is very slow.

Anybody want to comment here?

Please give some comment or ideas at here.
I open to anybody to do so...

GBP/USD

Open - 1.9724

For Buy;
H1 - 1.9758
H2 - 1.9779
H3 - 1.9813
H4 - 1.9868


For Sell;
H5 - 1.9690
H6 - 1.9669
H7 - 1.9635
H8 - 1.9580


Good Luck!

Who want to know when is the best time to trade...
Open this attachement.

Study!

Who want to trade the following currency (USD/JPY N GBP/JPY)
take this Fibonacci Number;


For USD/JPY - 21,34,55,89 (+/-)
For GBP/JPY - 34,55,89,144 (+/-)

These 2 currency are very good to trade bcoz very smooth movement.

Hi Olaha,

I just came across your thread. It looks very interesting.
I have not had a chance to do any backesting yet, but taking a quick look
at the GBP/USD chart it looks to have potential.

I am in USA EST, what time does the Tokyo market open?
7pm EST?

Thanks, I will keep you posted.

Chris

Hi Mysticdiver,

If want to know the wright time, you could open this site;

http://fxtrade.oanda.com/resources/fxmarkethours/

I am from Malaysia. So, I am using GMT+8
If I am wrong.. please let me know.

Thanx for your comment.
Keep in-touch...

Try out this audio. Interesting to listen and learn something that we don't know.

Open the following website;

http://www.youtube.com/results?searc...=forex&search=

Enjoy it!

thanks Olaha,
I used your system and made 4 order entries last nite
(my time 5pm EST opening of Tokyo session)
2 long
2 short
The long trades triggered this morning (LIVE)
I exited trade 1 +25 pips, and exited trade 2 +40 pips
total +65 pips
I canceled the short trades.
Thank you
Chris

Dear Chris,

Congratulation...

Are you from GMT +5?
If you are from GMT+5, than for you the Tokyo open will be 5am EST time.

If you have any ideas that can help to make more money...pls let share with me... don't forget that....

Good Luck!

Tokyo sessions opens for me at 5pm EST
With the opening of mons tokyo session I am 2 for 2.

I had 2 positions open long. I was tired though and could not stay up, so I closed both positions at +10 pips = +20 pips

Tonight I will try it with moving stop loss on 1 position and see what happens.

In general I like breakout systems. What I like most about your system is
your use of the indicators, and the tight stop.

Chris

Hello Trader,

Seems a long week for me...
The market also slow... especially GBP/USD.
Just imagine... how much I was earn;
Mon +20,
Tues +10,
Wed +10,
Thur - 10 close, than open again after break the open price on the day.
Still open until now.. up to now i have 13 pips still open since yesterday(thursday).

Frid..... today! I hope we will get a big move...

Good Luck!