AMAZING Strategy!!!

Will measuring the start & close of a Day Time Frame Candle
give us he high & low of the day??
Help
Wickar

I was gonna post some sort of amusing response but I'm to lazy to think of one. Its a joke, not in the figurative sense either like this strategy is so bad its a joke. Its ACTUALLY a joke, go read the first post and think about it.

That's the problem, most are too lazy to read the full forum to enlighten themselves as to how truelly AMAZING this strategy really is...they just read the 1st page and make their assumptions. LOL Where were YOU in 2004 when this thread was initiated? Tell me how many threads last this long unless they actually contain a treasure chest of onfo. Read the whole thread first Einstein, and then tell me the implications contained therein haven't boggled your mind

Fellow Traders,

I've read this thread for years now and consider this thread funnier then the Sunday Comics. But it has suddenly come to me that I trade almost exactly the way Merlin suggested with a few changes which in itself makes me chuckle about the similarities.

I watch the Daily chart instead of the one hour as the Daily is the king of the time frames and all the others are his loyal subjects. I look at the direction the Daily is moving and determine the next daily high and low. I then move to the M5 or the M1 and lie in wait for the ambush to make my killing. This is always a 100% win situation because I know where and when this high and low will occur and it's like shooting ducks that can't fly in a pond. I make an easy shot early to fill my pot and to eliminate all risk and take a little profit. The next shots are pure fun with no risk whatsoever as my bank account is fatter and even if my trades turn and hit the stoploss I still win. The fact of the matter is they never do because if one trade hits a break even point I sell. This means that the other trade is going wild in the other direction which is making a lot of profit.

Now some would say this is pure crazy talk as how can anybody predict the future high or low but if you study charts as long as I have then it isn't all that hard to predict. Using a good support and resistance indicator will show you direction and the high and lows.

You see I don't really care exactly how high the high or how low the low goes in any given day as the charts will tell me as the day goes along. I'm not greedy and trying to shoot for the moon here and am quite happy just getting close to the high and low. The Price on the different time frames bounces from support to resistance and back again. All you need is the knowledge of how to read a chart and the time of day that the price will move due to increased volume. This really isn't a 24 hour watch the chart sort of thing unless you want it to be. I find that extremely boring and my mind and body requires sleep as well as a little physical activity.

I really don't need to watch the news or listen to an analyst making predictions as I really could care less the direction of the price on any given day. I do the fundamentals just out of habit and because I like doing it but the truth is it's just not necessary. Every day is the same just that some days are more profitable then others. Even in ranging markets and periods of consolidation the profits are waiting to be had. As long as todays high is higher then tomorrows low and todays low is lower then tomorrows high which really goes without saying the ability to take a profit is there for the taking.

With the Amazing Strategy you can trade without a care as you win in all three of the possible directions a market can go which is up, down or sideways. The thought of leaving a trade overnight or over a weekend is now not a worry at all. On Friday the 26th to Sunday's open of the GBPUSD was a huge drop and if you were long on Friday you would have had a huge loss, right? Not with this method as you would have been holding a short on Friday's High and making out like a bandit as the PA hit a very profitable low within the first hour.

Now your probably thinking well that's just fine but what about the Buy Long on Friday's low we are holding and the huge loss as Sunday's price went down the tube. Well the fact that a huge drop usually results in a good bounce we just wait for the bounce to resistance and then we sell our long. The profit we made is the total of the two trades which is still positive even if the low on Friday turns out to be a loss. We don't care how much we lose on one trade as long as the other trade covers the loss and puts money in the bank. In this case it was a double profit day.

Now I don't like to lose on any trade but understand this is a still a win situation even if one trade turns up in the red. Although not as profitable as we would like it the fact is it sets up a nice profitable trade catching the subsequent bounce to resistance. This would nullify the weekends loss of holding a buy Long if it was a loss.

Because the drop was from pent up sellers on friday and somewhat of a panic selling mode the actual news on Sunday wasn't quite as bad as predicted which is always the case as the market always over reacts. A bounce is always going to occur so why not take advantage and double up on your trades. In this particular case watching the fundamentals was an advantage and carrying a trade over the weekend always makes me look at the news.

The only unknown factor here was how big a bounce were we going to get due to the fact the Daily was in a down trend and the prediction is a continued down trend. The only thing we can predict is the Price isn't going back to friday's close without some good news and there isn't any to be had unless somebody makes something up and the market makers buy into it. The most we can hope for is the PA going back to a moving average line like the 50, 100 or 200 but it only reached the 200 LRL for a high and then our short turned into gold. Now this wasn't the short from friday as that was sold before the bounce to resistance and then we bought a new short hoping to hit the Daily high which by pure luck it was indeed.

Now the plot thickens as they say as I like to take profits off the table when the PA rides the bottom and the trend is in a strong direction which in this case was decided down. I will not hold a cross trend trade for very long and when the buy long hits a resistance level it is considered well done and I take it out of the oven.

I do not buy a long in this type of market and instead buy two shorts on a bounce up. Now again there are those who will say that's pure bunk but if you know the Daily is falling like a rock and the lower time frames are hugging the bottom line of your indicator for dear life like the Bollinger Bands you'd have to be a nut case to take a long position. The fact is some nuts out there are doing just that as we see little bounces up. Some nut case has a barrel full of dollars he wants converted to British Pounds and just can't wait for a better day. Duh! I thank G_d everyday for the idiots of the trading world and their contibutions to my bank account. Thank you, Thank you and Thank you.

And for those of you who think the Amazing Strategy is not real, think again and I mean really think about it. Even Merlin himself probably doesn't realize he hit the nail on the head when he wrote the first post on this thread. He actually wrote the Holy Grail of trading. It's so simple every trader dismisses it as a joke but the real joke is on them.

Trade well and prosper,

Johnny

k if you re multibillionaire then relax ..
if not then listen to me: i think what they r talking about is session trading (high/lows intraday + checking on m1 LOL!!!) but it's not session breakout...it's kinda session inside (chANNEL)
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another possibility:
using diff fractals.... you check all fractals during period of 300 bars ...and then you find fractals almost at same levels(with 2-3 point difference...) so it will be your sup/resistance...
but still there are some other several conditions about previous bar (bullish/bearish) and current bar (closing)

still i dont see the use of macd and rsi ...


even if it's quite profitable it's FAR from 99.9 LOL!!!!

and the last (and the SIMPLEST ) option:

take in your MT4 window with pairs option maximum/minimum and put these on your chart H1,
then check on M1 (lol it's working!) ...

take a look NOW if you can on GBPUSD (short)= +26 pips already

Hello mistersimple,

Yes you are correct on the RSI and the MACD. I find these quite worthless pieces of junk and Merlin got that part all wrong but what the hey he wasn't writing this as a real trading strategy. I use the Stochastic, CCI, DSS, Trix and DPO to show me the PA has reached its ultimate high or low but I really don't watch them at all when pulling the trigger on the trade.

The real indication of the PA hitting a high or low is the PA reaching a line of SR. All an indicator can attempt to tell you is the point of reversal and none do this with any consistancy or any real accuracy so I rely on none of them and really just have them on my chart for looks and out of old habits. I really should take them off my charts.

Now you can laugh out loud all you want and say this is far from 99.9% but the true fact of the matter is it is a 100 percent win strategy day after day after day. Your other "LOL" is about checking the M1 which I have not the slightest idea why this seems funny to you unless you were drunk or on drugs when you wrote your post.The only other reason you might think this was funny was being totally clueless as to how to use the time frames. Otherwise I'm the one who is clueless to your LOL's.

Your writing about fractals seems a bit in space to me:nerd:and doesn't match your "mistersimple" moniker so I'm going to leave that one alone and treat it as a just don't need to know thingie. Why complicate things if it's totally unnecessary and doesn't put anymore money in my bank account? The only complicated thing I want in my life is where I'm going to spend my money.

Trade well and prosper,

Johnny

mistersimple,

You are one funny guy except I still don't understand your LOL's. I think the joke is on you. Try $2100 in the first half hour dude and the day has just begun. I'll laugh all the way to the bank.

Johnny

yeah johny u re 100% right: i dont like drugs, drugs like me

LOL is just to say how simple the sh** is and is workin !!

nothing to do with criticising..

have a nice day !!!

AND HAPPY WOMEN'S DAY 2 all ladies

I dont get this strategy at all.Could somebody please summarize for me.

Will this also work with other indicators or will the market behave differently if I add my own indicator.

Please help me ............... I am lost.

Ooops.

Forgot to ask.

Can somebody please code an EA for this as I have a 9 to 5 job and want to become a billionaire without even looking at a chart during that time.

Please hurry as I have a lot of debt to pay!!!!!!!!!!!!!!!!!!

To give it definition would be to make it loose all meaning.

Hello Pipfetcher,

You can add any indicator you want as it won't make any difference to the market. The market is profitable up, down or sideways. My favorite is watching my little shorthair Dashhund, Jack. I tell him the currency pair I'm looking at and he tells me to trade or look at another pair. If he wages his tail it's a go. If his tail is down it's a no.

If Jack's really exited when I show him the chart he runs around the house at full speed chasing the cat. If he catches the cat, well let's just say he really likes that pussy-cat. He really screws that cat up when he does that and the cat isn't herself for days. It wonders around the house purring like a lawn mower motor running with it's tail straight up and it's hair straight out. Reminds me of my wife when I get fresky. Jack knows he'll get steak tonight for dinner when we cash in our pips. Just like your moniker he's a real pipfetcher.

Trade well and prosper,

Johnny

I also have a dashhund but I dont think the strategy will work with him as his name is Bubbles and your dogs name is Jack.

Maybe I should buy another dog and call him Jack.

Do you think that will work?

Please let me know as my debtors are breaking down my door as we speak.

Pipfetcher,

It's really easy. Buy bubbles a cat and get a Pitbull for your debtors or is it the other way around?. "Tiny bubbles in my wine, makes me fell happy, makes me feel fine". Sorry that was Jack singing. He just gots to sing that song when he hears the word bubbles. If he knew bubbles was another Dashhund he'd be running around chasing the cat again.

Jack really doesn't like the word bubbles all that much because he knows they always taste bad in his bubble bath when he bites at one floating in the air. He always gets a funny look on his face after biting one, sticking his tongue out and curling his lips up, like yuuuuk. The bad thing is he then lick's his butt for days afterwards to get the taste out of his mouth. Dogs are strange creatures indeed but humans are the only creatures that don't do that which is a good thing because I'd have to be anti-social.

If your Dashhund's a male dog then It's no wonder he won't fetch pips. What kind of name is Bubbles for a male dog? That would be like naming your son Sue.

Happy pip fetching training,

Johnny

Hello All Loyal Amazing Strategy Traders,

I must have stunned all of you with those last few posts but the truth of the matter is that buying low and selling high is the only way to trade and if you're not trading this way then you're crazy. Putting indicators on top of indicators on your chart just screws up your trade decision. Now I just love indicators and actually program my own just for fun but when it comes to actually trading I only use the stochastics and a few of my own moving averages on the chart and a Bollinger Band.

I miss all of the comments that use to be on this thread. Hope everybody is pulling down some pips.

Johnny

Hello,

I read your posts but still did not get it. I am thinking about it and looking for the way how to tade it but still do not have results you have.

1. You determine daily direction of the market on daily TF. You use for it Stochastic.
2. Than you go to 5M and you use Bolling. Bands and MA 50,100,200 for determination of the signals.

It looks that you always open 2 positions at the same time and you wait which way the market goes and one position you close on corection if market goes on oposite direction. I think that you use trailing SL to protect profit and do not get SL. The result of your trade is acctualy result of 2 positions /long and short/ but you close one of them if market goes against it.

The picture of you trade would be helpful / from Daily to 5M/ I believe that it works and i do not understand.

For other traders. Please do not replay if you do not want disscuss about this system and want to make only jokes. If any body ask me on the other forums I never do it too and I always try help.

thanks

.....

Of course... Be serious people!

Vasi, everybody here is using my indicator to determine todays high. You will find it in the attachments.

Just be careful, because of clock changes around the world to adjust for daylight saving hours, the indicator is 1hr out.

Send me western union confirmation number as soon as you have made payment.

Absa Bank
South Africa.


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