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  • #41
  • Mar 12, 2009 11:51pm Mar 12, 2009 11:51pm
"as soon as the daily high or low has been hit on the 60 minute charts, switch to your 1 minute charts. if the daily high or low has also been hit on the 1 minute chart, the signal is confirmed."

This IS a joke, right?
TRO
  • #42
  • Mar 13, 2009 12:03am Mar 13, 2009 12:03am
It's more than just a joke. It's a finely crafted jewel. Merlin's favorite holiday falls every year on April 1st.
  • #43
  • Mar 13, 2009 12:10am Mar 13, 2009 12:10am
You have to remember...

being a Wizard, it probably DOES work for him.
FUBAR...
  • #44
  • Mar 13, 2009 2:53pm Mar 13, 2009 2:53pm
The system is not fully explained. How do we determine the day's High/Low ?
  • #45
  • Mar 13, 2009 3:09pm Mar 13, 2009 3:09pm
Merlin this a fantastic method and over the last couple of years I have made quite a fortune using it. Unfortuanetly I am now spending that money on drinking and whoring, and can't spend much time in front of the computer, so could you please make an EA for it.
  • #46
  • Mar 13, 2009 3:29pm Mar 13, 2009 3:29pm
Mrelin I have a better idea, instead of making an EA, I know they can be quiet time consuming, why don't you just trade this method for me ,then send me a cheque every month?. I will PM you my address. Thanks.
  • #47
  • Mar 13, 2009 3:56pm Mar 13, 2009 3:56pm
Quoting billbss
They've made their fortune with this system and retired.

I've worked on this method and have simplified it, without losing any of the profits.

At 23:59 GMT, place a "sell" order at tomorrow's high. At the same time pace a "buy" order at tomorrow's low.
Billbss, what can I say , that is fantastic, a brillant variation
  • #48
  • Mar 13, 2009 4:08pm Mar 13, 2009 4:08pm
Quoting Four Kids
Billbss, what can I say , that is fantastic, a brillant variation
Just one quick question: What should I do if tomorrow's high and low are the same value?
The Thief of Wall Street
  • #49
  • Mar 13, 2009 4:11pm Mar 13, 2009 4:11pm
Since people are reviving old thread, I can't help it but to join in. Merlin is infact correct for the pass years. Because every time I buy at the high (which is suppose to be a SUPER strong up trend) it started to retracted on me HARD...which made me lose over 100 pip.. and I keep doing sell low and buy high because Internet material ALL say to FOLLOW the trend. It sure made me blow over 10,000 dollars. If only I follow Merlin strategies back then then I would be a millionair for sure.

Hell, even merlin strategies work even now, I keep buying the low on euro usd and won many 25 pip..each day btw I use no stop loss. Which is why I am able to win now, while back then I use no stop loss and keep buying high and selling low using large lots for getting rich quick. Blown so many accounts back then.

Please everyone just BUY the euro so freaking high so that i can SELL at the top at $100 dollar per pip. Becuase I know for a fact that economies is not doing well..so that would be like for sure win. But infact many newbies are joining the bandwagon BUYING euro high... Please Bring up to 1.5000 So I can finaly retired with 1 Ultimate bet for my retirement.


So if you pros want to win please do NOTHING and wait for the price to hit 1.5000 because the newbiew will SURELY bring that euro to that price. Then all it need is all the pro in the world selling at the super high then retire because the stock market would be crash.


Go Bull power for euro!!
Keep it up newbies and buy those high!


Thanks again Merlin
  • #50
  • Mar 13, 2009 4:25pm Mar 13, 2009 4:25pm
Quoting Chicky
Just one quick question: What should I do if tomorrow's high and low are the same value?
I am not sure, had to much to drink , please direct this question to billbss, and if you have any more tricky questions please ask Merlin.
  • #51
  • Mar 13, 2009 4:37pm Mar 13, 2009 4:37pm
Quoting victor_ray
.....the newbiew will SURELY bring that euro to that price.
Huh?
The Thief of Wall Street
  • #52
  • Mar 13, 2009 4:43pm Mar 13, 2009 4:43pm
I dont know about a perfect system but this one works for me.

Between 8am GMT and 4pm GMT. Never on a Friday.

BUY 1.0 EURUSD
BUY 1.0 GBPUSD
BUY 2.0 USDCHF

Close all three trades when overall +50 pips and repeat.
  • #53
  • Mar 13, 2009 4:45pm Mar 13, 2009 4:45pm
Thanks Merlin.
Can't wait to try it out next week
  • #54
  • Mar 13, 2009 4:52pm Mar 13, 2009 4:52pm
Maksure the correlation between EURUSD and GBPUSD is > 0 and correlation between EURUSD and USDCHF is < 0.

Have fun.
  • #55
  • Mar 13, 2009 4:55pm Mar 13, 2009 4:55pm
Quoting merlin
well, it has a 99.9% win ratio so if you need to stay up all night it should be worth it
Kindly permit me to rename the strategy - MAIDS (Merlin Adhoc Invention to Discourage Sleep)!
Orderliness of Randomness
  • #56
  • Mar 13, 2009 4:57pm Mar 13, 2009 4:57pm
Hey Merlin, Fijitrader, Verto, or anyone else who really understands this system...

Got one question.
When Merlin says (on post 1) " each day at 5pm EST you start watching the chart. it may take hours and hours of watching the chart, but keep watching until the high or low for the day has been hit."

Are you watching to see when the CURRENT DAY high/low is equal to the previous day high/low? In other words, are you comparing yesterday's high/low? If not, how would you know if you've hit the actual high/low for the day, before the day is over???

Some clarification would be greatly appreciated!
  • #57
  • Mar 13, 2009 5:03pm Mar 13, 2009 5:03pm
Quoting woodlybog
Hey Merlin, Fijitrader, Verto, or anyone else who really understands this system...

Got one question.
When Merlin says (on post 1) " each day at 5pm EST you start watching the chart. it may take hours and hours of watching the chart, but keep watching until the high or low for the day has been hit."

Are you watching to see when the CURRENT DAY high/low is equal to the previous day high/low? In other words, are you comparing yesterday's high/low? If not, how would you know if you've hit the actual high/low for the day, before the day is over???...
It is a joke. This isn't a real system people... You never know when the 'high of the day' or the 'low of the day' will happen until it is beyond the point of no return. Duh...
  • #58
  • Mar 13, 2009 5:11pm Mar 13, 2009 5:11pm
Quoting Verto
It is a joke. This isn't a real system people... You never know when the 'high of the day' or the 'low of the day' will happen until it is beyond the point of no return. Duh...
Do not agree. Please re-read the whole thing once again ....... we not talking about the day's high and low, this system focuses on tomorrow's high and low points.
Fortunately you don't need a chart as well, just a little meditation.
The Thief of Wall Street
  • #59
  • Mar 13, 2009 5:20pm Mar 13, 2009 5:20pm
Quoting tokyomaster
I dont know about a perfect system but this one works for me.

Between 8am GMT and 4pm GMT. Never on a Friday.

BUY 1.0 EURUSD
BUY 1.0 GBPUSD
BUY 2.0 USDCHF

Close all three trades when overall +50 pips and repeat.

wont work wait and see
  • #60
  • Mar 13, 2009 5:37pm Mar 13, 2009 5:37pm
Does work perfectly.
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