GBPUSD 50 pips a day system | Forex Factory

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GBPUSD 50 pips a day system

  • #1
  • First Post: Edited Sep 14, 2010 10:07pm Sep 9, 2010 9:27am | Edited Sep 14, 2010 10:07pm
Hello everyone,

- At 22:00 hs GMT will be given two price levels to draw a box:

UP LEVEL = BUY SIGNAL
DOWN LEVEL = SELL SIGNAL

- TAKE PROFIT = 50 pips.

- STOP LOSS= 50 pips.

- If a trade reaches the TP then no more trades until the next day.
- If there is an open trade and an hourly candle close on the opposite side of the box you have to STOP & REVERSE also to get TP 50 pips in the new trade.

Hope you like it.

Example

Attached Image
  • #2
  • Sep 9, 2010 9:41am Sep 9, 2010 9:41am
hi, thanks for sharing this method, but why do you use the 22h GMT candle as opposed to any other?
  • #3
  • Sep 9, 2010 9:47am Sep 9, 2010 9:47am
Quoting Salty
hi, thanks for sharing this method, but why do you use the 22h GMT candle as opposed to any other?
I use a prior candle to draw the box, and simply, because it works (for now )
  • #4
  • Sep 9, 2010 12:05pm Sep 9, 2010 12:05pm
Am I correct? It appears that 3 of the 6 examples had initial losses?
  • #5
  • Sep 9, 2010 12:40pm Sep 9, 2010 12:40pm
Quoting Bobcat2
Am I correct? It appears that 3 of the 6 examples had initial losses?
Bobcat2, the dotted line represent 22hs GMT, it is the time I will post the UP and DOWN LEVELS to draw the box, since that moment on you can wait for the break of that levels. Once the level is broken you can enter the trade.

Dark green boxes represent the given levels
Light green boxes represent the 50 pips targets
  • #6
  • Sep 9, 2010 4:31pm Sep 9, 2010 4:31pm
Hi,

Recently completed and FX course and from 20 years of Fx experience in the Major banks i have been imparted on that BAR charts and trends lines are the only standard in real trading.,

Anyways that just the small piece of advise..... Re this post what is you strategy
who raped silver !
  • #7
  • Sep 9, 2010 5:01pm Sep 9, 2010 5:01pm
Ok, here we go

UP LEVEL @ 1.5445
DOWN LEVEL @ 1.5425
  • #8
  • Sep 10, 2010 5:17am Sep 10, 2010 5:17am
Quoting Mapuche
Ok, here we go

UP LEVEL @ 1.5445
DOWN LEVEL @ 1.5425

Nice start! 50 pips target reached!

Attached Image
  • #9
  • Sep 12, 2010 8:44am Sep 12, 2010 8:44am
Only one side to play on Mondays

UP LEVEL @ 1.5365

IN STUDY: May be will need to widen the stop a little these days, letīs see
  • #10
  • Sep 12, 2010 11:48pm Sep 12, 2010 11:48pm
Being new i am looking at it now at 1.5418 on a down trend so will it break 1.5440 ? or ar we looking for a retraction ?
who raped silver !
  • #11
  • Sep 13, 2010 6:07am Sep 13, 2010 6:07am
Quoting Mapuche
Only one side to play on Mondays

UP LEVEL @ 1.5365

IN STUDY: May be will need to widen the stop a little these days, letīs see
TP reached again!

Thread Profit= +100


Attached Image
  • #12
  • Sep 13, 2010 6:23am Sep 13, 2010 6:23am
Quoting Mapuche
Hello everyone,

Introducing a system to trade with GBP / USD.

- At 22:00 hs GMT will be given two price levels to draw a box:

UP LEVEL = BUY SIGNAL
DOWN LEVEL = SELL SIGNAL

- TAKE PROFIT = 50 pips.

- STOP = 50 pips.

- If a trade reaches the TP then no more trades until the next day.
- If there is an open trade and an hourly candle close on the opposite side of the box you have to STOP & REVERSE also to get TP 50 pips in the new trade.

Hope you like it.

Example

Attachment

i dont understand this. further clarification is required.
  • #13
  • Sep 13, 2010 6:28am Sep 13, 2010 6:28am
Quoting whatfx
i dont understand this. further clarification is required.
whatfx, ask a specific question please, seems pretty clear to me
  • #14
  • Sep 13, 2010 5:06pm Sep 13, 2010 5:06pm
Here are the levels

UP LEVEL @ 1.5423
DOWN LEVEL @ 1.5402

I presume sell will be favoured
  • #15
  • Sep 13, 2010 7:16pm Sep 13, 2010 7:16pm
Quoting Mapuche
whatfx, ask a specific question please, seems pretty clear to me
i believe they dont understand how u draw that lines /dark green area..coz ur dark green level dont match with ya H1 (22:00 GMT) candle..
  • #16
  • Sep 14, 2010 7:03am Sep 14, 2010 7:03am
Quoting Mapuche
Here are the levels

UP LEVEL @ 1.5423
DOWN LEVEL @ 1.5402

I presume sell will be favoured
Another 50 pips

Thread Profit= +150

Attached Image
  • #17
  • Sep 14, 2010 5:00pm Sep 14, 2010 5:00pm
Whenever possible I'm going to try to anticipate the direction of movement so one signal will be post .

DOWN LEVEL @ 1.5548
  • #18
  • Sep 14, 2010 6:06pm Sep 14, 2010 6:06pm
This system seems to be so working. Can you share the basics please?? Thanks for your generousity in sharing your system.
  • #19
  • Sep 14, 2010 9:29pm Sep 14, 2010 9:29pm
Quoting Mapuche
Whenever possible I'm going to try to anticipate the direction of movement so one signal will be post .

DOWN LEVEL @ 1.5548
Fast! TP hit!

Thread Profit= +200

Only sharing the levels for now, will see later.
  • #20
  • Edited 5:36pm Sep 15, 2010 5:20pm | Edited 5:36pm
UP LEVEL @ 1.5630

Is already triggered, so letīs go!


EDIT: Be careful @ 1.5662 area because there is a resistance and it is before our target of 50 pips
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