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bo7a method... method for GBP/JPY

  • #41
  • Dec 13, 2007 2:23pm Dec 13, 2007 2:23pm
Quoting gyfu
Hey guys,
This system looks interesting. I am trying it out as well.
However, I have been meaning to ask about new events.

It seems everyday there will be news, but which news should we be aware off and stay off from trading?

Thanks.

P.S. I am also in on GJ.


I always exit all my trades when the market is waiting for a strong event, I wait for any profit and exit , now we are waiting for takan
freedomfigher
  • #42
  • Dec 13, 2007 2:24pm Dec 13, 2007 2:24pm
Quoting anopueme
Yes, you are right and this will keep going on till next week. I think we should be aware of all the events. It seems that the fundamental analysis are throwing all currency pairs off.

yeah u r right ,, december always is the worst in forex, it's better to exit and wait
freedomfigher
  • #43
  • Dec 13, 2007 3:59pm Dec 13, 2007 3:59pm
Yes, right now I made a profit of $52 and I think it is better I exit before I lose everything.

Quoting mindforex
yeah u r right ,, december always is the worst in forex, it's better to exit and wait
  • #44
  • Dec 13, 2007 4:06pm Dec 13, 2007 4:06pm
Quoting mindforex
yeah u r right ,, december always is the worst in forex, it's better to exit and wait
It's going to be difficult to trade this system, then.
There is hardly a day goes by without either Jpy or Gbp news.
  • #45
  • Dec 13, 2007 5:34pm Dec 13, 2007 5:34pm
Quoting billbss
It's going to be difficult to trade this system, then.
There is hardly a day goes by without either Jpy or Gbp news.

no I didn't tell to exit all day but I meant to exit before the strong (red) news only

I have been using this system a year ago man , it's wonderful, u will like it
freedomfigher
  • #46
  • Dec 13, 2007 5:47pm Dec 13, 2007 5:47pm
how u determine targets? looks impressive, but at all i think u come in a little bit late, fault didn't read the post with the candle entry (not on big candles) . and also if chopzone then :-( the whipsaw come to eat ur equity
  • #47
  • Dec 13, 2007 5:48pm Dec 13, 2007 5:48pm
Quoting mindforex
no I didn't tell to exit all day but I meant to exit before the strong (red) news only

I have been using this system a year ago man , it's wonderful, u will like it
I'm still in it +60.
  • #48
  • Dec 13, 2007 6:20pm Dec 13, 2007 6:20pm
Out at +100.
  • #49
  • Dec 13, 2007 6:24pm Dec 13, 2007 6:24pm
its so easy to draw circles on past charts.

have you attempted with this system live for at least a year ?
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  • #50
  • Dec 13, 2007 6:32pm Dec 13, 2007 6:32pm
out +100.

Thanks mindforex.
  • #51
  • Dec 13, 2007 7:28pm Dec 13, 2007 7:28pm
Quoting mazdaz
I am sure you are trading with a demo account. I am saying this because the system was only introduced today.

yeah, possibly could be on demo.
I did it on live-mini of course.(mindforex being w it for a year- from his writing I guess he is a good guy-very casual)

Anyway out for 138p. 230.00 p

good night/evening for most of U.Good day for me.
  • #52
  • Dec 13, 2007 8:40pm Dec 13, 2007 8:40pm
great stuff mindforex and thanks for sharing your system. Just one question please Who is your broker?
member
  • #53
  • Dec 13, 2007 9:21pm Dec 13, 2007 9:21pm
Thanks for sharing your system...What timeframe do you trade this on?
  • #54
  • Dec 13, 2007 9:26pm Dec 13, 2007 9:26pm
this system looks good, thanx mindforex for sharing

i think we can put a limit order when the ema's crosses, i mean like today we can put buy limit at 228.62, set stop loss to 75 and tp to 150. put an alert when we're at +50 and set sl to be, go to sleep and see how it goes a couple hours later..
  • #55
  • Dec 13, 2007 9:34pm Dec 13, 2007 9:34pm
Quoting vsumardi
this system looks good, thanx mindforex for sharing

i think we can put a limit order when the ema's crosses, i mean like today we can put buy limit at 228.62, set stop loss to 75 and tp to 150. put an alert when we're at +50 and set sl to be, go to sleep and see how it goes a couple hours later..
It wouldn't be very accurate.
The 7EMA keeps moving. Sometimes it's several bars later before price touches it.
Sometimes it never does.
  • #56
  • Dec 13, 2007 9:49pm Dec 13, 2007 9:49pm
  •  Qu2
  • | Joined Oct 2007 | Status: Trader | 1 Post | Online Now
Looks very interesting. What time frame are you on? Is this applicable in lower timeframe like 1min or 5min?

Regards
  • #57
  • Dec 13, 2007 9:56pm Dec 13, 2007 9:56pm
you're right billbss, thanx for the info.

so the solution for us that can't watch price movement all the time is probably set a price alert around the 7 emas the first time the emas cross and change the alert about 1 or 2 hours according to the movement of 7 emas.

or still using the limit order if you can't watch the price.
  • #58
  • Dec 13, 2007 10:05pm Dec 13, 2007 10:05pm
Quoting vsumardi
you're right billbss, thanx for the info.

so the solution for us that can't watch price movement all the time is probably set a price alert around the 7 emas the first time the emas cross and change the alert about 1 or 2 hours according to the movement of 7 emas.

or still using the limit order if you can't watch the price.
I think if I couldn't watch it, I would just enter at the cross. Some of the biggest moves crossed and never looked back.
  • #59
  • Dec 13, 2007 10:22pm Dec 13, 2007 10:22pm
After breaking this system up into small chunks and digesting it, I have to say, this has to be the 2nd best GBP/JPY system out there.

Thats my 2pips ofcourse.
  • #60
  • Dec 13, 2007 10:29pm Dec 13, 2007 10:29pm
Quoting mazdaz
After breaking this system up into small chunks and digesting it, I have to say, this has to be the 2nd best GBP/JPY system out there.
Which is the 1st best GBP/JPY system as per your experience, if you can share the info ?
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