Geppyg Charts Only

On This thread together we have made close to 350 pips in realised value in the last 3.5 Days of trading....
Out of these trades no loosers at all
All Trades have been presented at least an hour before trading...
Most Trades have been Grade A Trades. only one trade hit break even ie eurchf...

What I am trying to get at is that is very possible to trade without all the lagging indicators and funny mentals.

I really hope that you guys have has some kind of benefit from these trades...

We will continue to progress in a similar manner untill I can post...

Good Luck

I am sorry cant see a double bottom ...the only thing prominent from your charts is a double top...
Also I can see you trendlines...
Cheers

Well Done on your pips ..

What's about the area I highlighted. Do you consider it's double bottom? I'm just trying to see whether I'm seeing the right things.

Thanks

I dont consider it as a double bottom as we have had a spike though it personally buddy..I will pm you some material to read...

Can you please also send me some materials on learning chart patterns?

thanks buddy.

cheers

ok. Thanks

What is going on here? Hi all.. I want you check out those setups

Everyday prior 8AM EST (13:00 GTM) at higher/lower points SELL EUR

(GOLD/SILVER/OIL) buy USDCHF, USDCAD, AUDUSD, NZDUSD, just for the

spike MAX holding 1 hour, just for one candle on 1 H TF

Why 8AM, US Manipulators Coming to work + NEWS daily

Check this out:

USDCAD (BUY) same picture, unfortunately I don't have GOLD/SILVER/GOLD

trading on my real account, but Did it on Demo today, working like a charm.

15min a day all you need

Hi , Skyzer,

Basiscally this is the same as big ben....stratergy..
In uk we find a similar movement at 7:30
and in us we find the same movement at 1:00
It is all to do with position re adjustments...I will post the article here tonight..

Thanks
GeppyG

Hi, great, thanks, I'd like to read about it.

Day trading the foreign currency (forex, FX or interbank) market is definitely one of the more challenging endeavors an aspiring trader can pursue. The higher degree of leverage (as high as 50:1 or 100:1) available in this market can increase profits, but it equally accelerates losses.
This makes the issue of trade timing and selection that much more critical to success. Because of the lack of volume data in the spot currency market (i.e., there are no Level I or II quotes, or time and sales data), newer traders will find they will need to develop much more disciplined strategies that rely less on broader market dynamics and more on raw price action and individual market “micro structure”.
The Big Ben strategy exemplifies this approach. It is a day-trading technique that takes advantage of the shift from trading from one market center to another in the 24-hour forex trading environment.
The Big Ben strategy
Big Ben is a currency-specific trading strategy designed to capture the first directional intraday move that often occurs within the first few hours after the Frankfurt/London market openings, which begin at approximately 1 a.m. ET. The strategy works best with the British pound/U.S. dollar (GBP/USD) rate.
Because this currency rate trades lightly outside of London trading hours, the surge in trading every morning in the U.K. gives it a “œreal” market opening, which the strategy looks to exploit. Figure 1 shows pound/dollar trading is virtually nonexistent during Asian trading hours. When London opens, however, the pound/dollar accounts for nearly one-quarter of all forex ..trading. Currency rates with more continuous, 24-hour trading will have less of a distinct open/close as they pass through the different money centers.
For example, the dollar/yen rate (USD/JPY), which dominates forex activity during Asian trading hours (78percent of volume), still accounts for 17 percent of trading during Euro pean hours.
Before explaining the logic , let’s take a look at what needs to occur for a trade to set up.
The rules
The following rules are for short trades, but the strategy can be reversed to trade on the long side.



Setup:

1. The pair makes a new range low at least 25 pips (a pip is the forex equivalent of a tick, or minimum price fluctuation) below the opening price after the early Frankfurt/London trading in the GBP/USD rate begins around 1 a.m. ET.
2. The pair then reverses and trades 25 pips or more above the opening price.
3. The pair then reverses once again to trade back below the intraday low established
   in step 1.
4. Sell a breakout (at least seven pips) below the London low.
5. Once filled, place an initial protective stop no more than 40 pips above the
   entry price.
6. After the market moves lower by the distance between the entry price and
   the stop, cover half the position and trail a stop on the remainder.

These simple rules position you to profit from common behavior that can occur in the pound/dollar when the London/European market opens
The logic
As mentioned, the pound/dollar rate tends to have lower trading volume outside European/London trading hours because the majority of GBP/USD spot deals are worked through U.K. and European dealers. This gives the European/British interbank community tremendous insight into the currency pair’s actual supply-demand picture. The
Big Ben trade sets up when interbank dealing desks use this intelligence to trigger stops on both sides of the market, resulting in new intraday highs and lows. Once these orders are cleared from the books, the market is primed for its first real directional move of the day, which is what the strategy is designed to capture.
The logic behind this trade should be familiar to S&P futures traders, as it is similar to many opening-range breakout strategies used to capitalize on the first real move of the day after the cash stock market opens in New York.
Trade examples
http://pipholic.com/wp-content/uploa....thumbnail.png F i g u re 2 shows a prototypical Big Ben trade on a five-minute chart. The first vertical line marks midnight ET. The second vertical line denotes the Frankfurt open and the third line shows when London players begin entering the market.
When the Frankfurt market opened, the pound/dollar first moved lower, taking out any nearby sell stops. Within 15 minutes of London entering the picture, however, the market reversed to the upside. The pair was now free to make the first real directional move of the day, and it fell 90 pips� before buyers stepped in.
http://pipholic.com/wp-content/uploa....thumbnail.pngFigure 3 illustrates a variation of the Big Ben strategy that commonly occur when there is an abnormally wide opening range. In this case, the pound traded up 26 pips after the London open to 1.8583, establishing the top of its range. It then came under pressure and sold off 65 pips to make a low of 1.8518 (horizontal line). Next, the currency traded up 50 pips before reversing and plunging below the former low. In this case, a trader could still justify entering a position, since the basic principles behind the trade were still present.
The Big Ben currency day-trading strategy allows you to limit initial risk and capture good moves early in the London trading session. The product of years of watching the currency markets, the approach is based on the workings of the global forex market and attempts to exploit its structure

I will attatch the orignal document when I find it...

Hey there GeppyG,

Nice to see some action here on your thread. Many willing to learn...and earn

Today I am following from my workplace. (Hope my boss doesn't fin out

I have seen a chart on here, I think is was from "Puks" looking at the AUD´with UTL broken on the H1 chart.
I did have a look at that pair as well:

- Dotted line is the broken upper TL mentioned by puks I think.
- I have drawn another one leading us a bit higher to the 0.9045 area where we bounced some hours ago now.

So are there "stronger" and "weaker" trendlines? or even "correct" or "false" ones?

Thanks for your help!

Tuner

I am not in any trades at the momment keeping an eye out on the euro at 3940 This should be our one touch...trades...

Good Luck
GeppyG

The U.K. just got hit with a news wire headline that threatened U.K. sovereign debt ratings. Do not be long GBP right now. The major pairs are all dropping against the Usd as the market scrambles to get long 'safety'.

The Bounce from 3947 was very low volume....No More buying strength...

I will wait til asia for new trades now unless I see some good extreme pa trades...

I will take a nap now for a couple of hours....

Have a good Day

This is how I see cable playing out

Hey there Geppy,

Hope you had a nice nap

Just had a look at your Cable chart.
Do you play out the Longs and the Shorts..or is it safer to wait for the entries to short?

At the moment we are struggeling with that lower trendline I think.
If we close below would it open the way down already now?


Regards, Tuner

Yes thanks Tuner...

This is how you would play the chart, wait for the 4 hour candle to close outside the lower ltl to short or utl to go long....stop would be 10 pips above or below the Trendlines ie the triangle....

Simple as that....
No Trades till we still sit in this traingle
Hope this makes sense

Good Luck