If slaughterhouses had glass walls, everyone would be a vegetarian!
polling ex-gamblers and non ex-gamblers 5 replies
Gamblers forex, stocks and futures strategy 52 replies
Gamblers live trades 91 replies
Gamblers live trades new system 54 replies
Gamblers carry trade system 5 replies
DislikedHehe. I think I have just found another way to be a multimillionaire very fast. Maybe I will tell how at some timeIgnored
DislikedI have to thank you for this simple refreshing and straigth forward trading approach. Some People look at 30 Indicators and wait for all to agree where the only thing you need is Price Action.
For now I've tossed the AO and AC and am trading only with BBs and 5/8 MA Setup just for visual confirmation.
Hope to hear new stuff from you soon.Ignored
DislikedI only use M15. There is too much noise when trading M5 and everything above is too bulk. You might see a nice steady trend on M15 which is just one H1 Candle. And I only use GBP/JPY since it trends the most and yields at least 50 Pips quite often so my 50 Pip Stop gives the trade nice room to breath and maintains a 1:1 ratio. Which means I only need 51% sucess.
You might wonder why I don't trade EUR/USD?
Sure it will give you some pips most of the time. But it's usually 10-15 Pips. Would you take a 10 Pip stoploss? With 3 pips spread? No. 10 Pips just isn't worth it. If you always aim for 10 pips and take a 25 pip SL you need to be right >70% of the time which is way to much. Being right only 50% is much easier of course.
Only trade during high volume times when the trend starts and you get your signal according to Gamblers System enter and let the volume carry you to you profit target. It might be possible to trade EUR/USD with it but you need a higher timeframe to get considerable pips. Which would be worth taking a bigger stop loss.Ignored
DislikedI trade all 17 pairs at marketiva. I'm not using any stop loss or target. I just check once a day and close the profitable orders. If there is both profitable and not profitable trades but there is more profit than loss I will some times close all orders for a combined profit.Ignored
Disliked@Clansman
Thanks. I'll take a look at it.
@francois443
Look like you're using VTTrader just as me. Usally I have my indicators on MT4 and enter the signals on VTTrader. But for this system everything is available for VTTrader.
@Topic
My newest System looks like this.
Add Awesome Oscilattor and Accelerator Oscillator.
Both have to be the same color to confirm the trade.
And my previous rules also apply. I'd like the bar to open on the other side of the T3. There is a signal on my example which would have been fine but the next was more secure.
Seems to work best on GBP/JPY M15. I just set a 50 Pips PT and SL. So I need only 51% hitrate to be profitable which this system does with ease.
Still have to test a bit.
http://img86.imageshack.us/img86/7605/aogf9.jpgIgnored
DislikedI tried the strategy this monday. So far it looks very interesting. I managed to get around 400 pips.
I traded on 15 min chart.Ignored
DislikedIf you have dojis I'd simply be more carefull because they indicate indicision in the market. And that is not what we want.Ignored
DislikedFollowing up my previous post, I've attached a 30-min chart of EURUSD showing candles on April 18, 2008 and April 21, 2008. The first circle on the left shows a hanging man while the second shows a doji. I drew rough trendlines on the chart to show the direction of the 30-min trend at the time. Notice how the trend reverses after both the hanging man and doji patterns form. Both patterns indicate indecision for the existing trend to continue and, in most cases, the indecision results in a trend reversal.Ignored