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Classic Method Strategy

  • #1
  • First Post: Edited Oct 8, 2009 12:14am Oct 6, 2009 3:35am | Edited Oct 8, 2009 12:14am
We will use a classical tools to build our strategy
We will trade the chances with money management strategy depend on that We wont risk more than 2% from the capital in our trades and we will target 3%-4% profit , we wont take care of PIPS count anymore....
  • #2
  • Oct 6, 2009 4:26am Oct 6, 2009 4:26am
GBP/USD will go down
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  • #3
  • Oct 6, 2009 4:40am Oct 6, 2009 4:40am
Quoting Romandan
Without Indicators

shhhh, nobody tell him that he has at least 4-6 indicators on his chart. Maybe they slipped in without him noticing.
  • #4
  • Oct 6, 2009 4:58am Oct 6, 2009 4:58am
we wont depend on indicators for making our trades

the reason for selling cable to 1.56 could be seen in the chart as long as 1.6215 still hold we will target down
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  • #5
  • Oct 6, 2009 6:11am Oct 6, 2009 6:11am
I say Lets not depend on anything !!
  • #6
  • Oct 6, 2009 7:41am Oct 6, 2009 7:41am
Quoting Romandan
GBP/USD will go down
update...... we have around +90 pips since we post the chart
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  • #7
  • Oct 6, 2009 8:05am Oct 6, 2009 8:05am
the strategy depend on :

Resistance and supports on tops and bottoms
Trend lines
Chart Patterns
Harmonic patterns
Fibonacci sometimes
Moving Averages 50,200,55Ema,200Ema,21Ema for filtering
Macd lines for filtering

thanks
  • #8
  • Oct 6, 2009 9:13pm Oct 6, 2009 9:13pm
You should edit the 1st 2 lines of the 1st post.
The future depends on what we do in the present.
  • #9
  • Oct 7, 2009 2:46am Oct 7, 2009 2:46am
it seems like most of you taking care of the 2 lines of my 1st post more than the strategy.
Ok i am not losings any thing i just want u all to get benefit from my posts if u don't like it ill stop here.
  • #10
  • Oct 7, 2009 3:55am Oct 7, 2009 3:55am
Quoting Romandan
it seems like most of you taking care of the 2 lines of my 1st post more than the strategy.
What strategy? Just looks like a few charts with little explanation and a couple of guesses as to where price might be headed. Perhaps this thread might find itself more appropriately homed in the journal section.

Even if you did outline every single fine point of your strategy, you could not make someone else understand and see things the way you see things. Maybe it is a waste of time, but that depends on what your objectives were for starting this thread.
  • #11
  • Oct 7, 2009 6:55am Oct 7, 2009 6:55am
Quoting birdt
What strategy? Just looks like a few charts with little explanation and a couple of guesses as to where price might be headed. Perhaps this thread might find itself more appropriately homed in the journal section.

Even if you did outline every single fine point of your strategy, you could not make someone else understand and see things the way you see things. Maybe it is a waste of time, but that depends on what your objectives were for starting this thread.

I think you were a bit rough there birdt,

If he outlines his strategy it might help other traders in here to think outside the box...

And isn't that what we are all here for? Waiting for someone to post something useful?
  • #12
  • Oct 7, 2009 8:21am Oct 7, 2009 8:21am
Quoting Larseg
I think you were a bit rough there birdt,

If he outlines his strategy it might help other traders in here to think outside the box...

And isn't that what we are all here for? Waiting for someone to post something useful?

I don't mean to dissuade anyone from contributing, and I don't mean to be harsh just for the sake of it but what is useful about what he has posted so far? A bunch of contradictions and a list of analysis tools - that isn't a strategy. I hope he proves me wrong and blows my mind with the most incredible insight into the markets that I have ever heard, but I'm not holding my breath. If Romandan doesn't follow through on his threat to abandon the thread, then I hope he will edit his first post to at least explain the basics of his 'strategy'.
  • #13
  • Oct 8, 2009 12:22am Oct 8, 2009 12:22am
You didn't give me the chance to explain my tools the GBP post was just a simple, i don't know why you are rough thanks Larseg for understanding me maybe i didn't start well , or may be i don't have the ability to explain my idea. Whatever ...... i just want from you to be patience and i am sure u would understand me at the end.
  • #14
  • Oct 8, 2009 12:50am Oct 8, 2009 12:50am
I am sorry to said that this posts wont be helpful for people don't have any idea about Tops and bottoms and Trend lines generally and i recommend you with some sources in those topics.
the mean idea in our strategy is how to catch the trend using :

Tops and bottoms ( support and Resistance horizontal lines)
Trend lines
patterns

and filtering our positions with small trend lines, Macd, Candlestick,MA50+MA200+MA286+EMA55+EMA21+EMA200

I will post an examples for more explanations
  • #15
  • Oct 8, 2009 1:47am Oct 8, 2009 1:47am
check the charts below in Daily Chart it appears that we have a daily down trend line and that mean we would think in selling only.
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  • #16
  • Oct 8, 2009 10:14am Oct 8, 2009 10:14am
Ok .......after that all we need to do when we decided that we have a down trend we would try to catch up the 4H and 1H tops and bottoms ( resistance and support horizontal lines to enter market with getting help from moving averages and candles ..... if u focus in moving averages here its supporting our entry as support tool only near to the resistance area. even when goes up again the other moving average help the price to reverse again..... the main idea here is to trade with trend only and how to filter or entry.
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  • #17
  • Oct 8, 2009 10:35am Oct 8, 2009 10:35am
the same think here with Crazy we figure out that we have a down trend seeing in daily and weekly chart and still up today.
SO we would filter our entry with breaking the small trend line supported with moving averages as seen in the chart.
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  • #18
  • Oct 8, 2009 10:37am Oct 8, 2009 10:37am
and finally our target has been mate ..... nothing easier than that i think just we have to practice on filtering for more than one year to success
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  • #19
  • Oct 8, 2009 10:53am Oct 8, 2009 10:53am
Lets return to my second post selling GBP/USD and be informed that i made more than +100 profit
and i would explain why i sold the cable ......Just we configure the trend in down trend seeing in daily chart........
Here we saw a strong resistance area + moving averages+ reversing candles in 1H +4H+Daily chart............again that was an online position posted
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  • #20
  • Oct 8, 2009 11:00am Oct 8, 2009 11:00am
I think i explained the most important things now just follow the online posts i would try to post as long
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