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Attachments: 5% every 24 hours using set and forget - £200 into £1797!
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5% every 24 hours using set and forget - £200 into £1797!

  • #81
  • May 8, 2012 4:02pm May 8, 2012 4:02pm
At the risk of chart picking, i personally find the RSI is not too bad at locating market extremes, as i found today when i was choosing my entry for the eur/gbp no touch bet.

This was the Eur/GBP M5 this afternoon to late evening (GMT). In terms of volatility, typically the big moves of the day have happened and price tends to settle down abit i find. there is also less news in this period.

For the daily bets that I am making, I enter my trade anytime after 5pm GMT. I find that buying the no touch bets on the extremes (as defined by RSI >70) is very helpful in pushing your no touch level further away from price action, making it marginally "safer".

The areas highlighted are good areas to think about entering into a bearish no touch bet for the day.

This is latest update to my strategy and I will be using it the future.

All the best,

Ben
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  • #82
  • May 8, 2012 4:10pm May 8, 2012 4:10pm
Quoting arrillu
My first bet was yesterday on EUR/USD "does not touch 1.2868" for only 2%. I'm trying to combine everything I know with this method, so the levels I choose may be too far away ...
So, I've made I bet on 7-May-12, it will end on 8-May-12 and I am allowed to make a new bet on 9 May - that is one bet every two days - if I want to take 2-3-5 or 10% off the whole account. + I'm not implementing any heddging strategy (yet).
You have the right idea Arrillu, but unfortunatey i think you chose the wrong side! I think that following the general negative consensus on the euro you should put any no touches above any euro pair! sorry that I didnt tell you this before!

Fingers crossed for you though! the EU has broken the significant 1.30 level... and overall the trend is down. I would only take no touches with the long term trend/consensus.

Dont mean to preach just trying to help!

hope that helps,

Ben
  • #83
  • May 8, 2012 4:26pm May 8, 2012 4:26pm
Quoting bjn201
You have the right idea Arrillu, but unfortunatey i think you chose the wrong side! I think that following the general negative consensus on the euro you should put any no touches above any euro pair! sorry that I didnt tell you this before!

Fingers crossed for you though! the EU has broken the significant 1.30 level... and overall the trend is down. I would only take no touches with the long term trend/consensus.

Dont mean to preach just trying to help!

hope that helps,

Ben
I'm well aware about the best level (no touch) being "with the trend", thank you for your concern but I saw a good demand level around 1.2870 + there are (were) ~180 pips from the level. Thank you for the 5 min trick, it's very interesting - will keep an eye on that before placing a bet.
Regards,
Adrian
  • #84
  • May 8, 2012 4:32pm May 8, 2012 4:32pm
Quoting arrillu
I'm well aware about the best level (no touch) being "with the trend", thank you for your concern but I saw a good demand level around 1.2870 + there are (were) ~180 pips from the level. Thank you for the 5 min trick, it's very interesting - will keep an eye on that before placing a bet.
Regards,
Adrian
Fair enough! so what time zone are you based in? i see you are using USD
  • #85
  • May 8, 2012 4:50pm May 8, 2012 4:50pm
Quoting bjn201
Fair enough! so what time zone are you based in? i see you are using USD
My time zone is GMT+3. I think the best pair is EUR/GBP but yesterday didn't saw a good level to choose so I picked euro/dollar. One observation I've made these days - after a period of ranging of a pair, I should be very careful when picking a level. Time will tell
  • #86
  • May 8, 2012 5:02pm May 8, 2012 5:02pm
Quoting arrillu
My time zone is GMT+3. I think the best pair is EUR/GBP but yesterday didn't saw a good level to choose so I picked euro/dollar. One observation I've made these days - after a period of ranging of a pair, I should be very careful when picking a level. Time will tell

if only we could do this on EUR/CHF! that has the lowest volatility of all. however BOM dont offer it for that reason im sure!
Yes it would interesting to take a look, maybe only open a bet after a significant move so that price action for the week/few days is exhausted and will potentially range?
  • #87
  • Edited 3:05am May 9, 2012 2:51am | Edited 3:05am
I've had a look at the website and it seems OK, that touch/no touch offers a high % return on your bet, I was looking at the EURGBP last night and was tempted to put on the no touch of 8081 as theres nothing major coming out today, I suppose you could always hedge against your bet by live trading to make sure you get some if not all your money back should your bet go sour.

I may give this a try in the coming weeks with a high risk/high return mindset. EURGBP seems to be your best option aswell, or any pair really that has a lowish pip range.

Edit, I've just done a bit of digging around regarding BOM and reading reviews - they are mixed to say the least, many good, many bad (bad being they change the odds if you have any reasonable success, so you end up getting fleeced.)
  • #88
  • May 9, 2012 6:41am May 9, 2012 6:41am
Quoting GDR3k
I've had a look at the website and it seems OK, that touch/no touch offers a high % return on your bet, I was looking at the EURGBP last night and was tempted to put on the no touch of 8081 as theres nothing major coming out today, I suppose you could always hedge against your bet by live trading to make sure you get some if not all your money back should your bet go sour.

I may give this a try in the coming weeks with a high risk/high return mindset. EURGBP seems to be your best option aswell, or any pair really that has a lowish pip range....

Yep the hedging against the bet if it goes against you to recover some of money back is the general idea.
you have opted to go for high/high return, fair enough, the reasons why I go for the high probability of low return is that I want to be safer whilst still getting a reasonable return 5-10%, plus until the hedging mecanism is perfected i dont want to risk my capital which is quite alot at the moment! (£600).

And im sure that BOM will do everything they can to dissuade me from profit however until they move the odds significantly against me i shall continue

in terms of eur/gbp be very wary, thursday is going to be a big day, the BoE will decide on more QE, if, as predicted, the BoE opts for no QE, the eur/gbp is going downnnn
  • #89
  • May 9, 2012 7:33am May 9, 2012 7:33am
Quoting bjn201
Yep the hedging against the bet if it goes against you to recover some of money back is the general idea.
you have opted to go for high/high return, fair enough, the reasons why I go for the high probability of low return is that I want to be safer whilst still getting a reasonable return 5-10%, plus until the hedging mecanism is perfected i dont want to risk my capital which is quite alot at the moment! (£600).

And im sure that BOM will do everything they can to dissuade me from profit however until they move the odds significantly against...
I've been going over it on the website and it does look decent and something which I could see myself doing full time along with FX which I already do full time, If I'd of put that EURGBP bet on, the odds of me winning it would be good as I can't see it getting to 8081 before 23.59 today, however that is 10 hours away.

Do you think they will start trying to screw you over or just say simply sorry you can't use our service anymore once you start making ALOT?

Also have you tried the other betting options other than touch/no touch?
  • #90
  • May 9, 2012 3:06pm May 9, 2012 3:06pm
*UPDATE* on 1st thread trade taken.

I am not going to open a trade today for trade tomorrow (10/05/2012) since ALOT of news is coming out, GBP will probably move, USD and CAD will as well.

Happy Pippin
  • #91
  • May 9, 2012 3:28pm May 9, 2012 3:28pm
http://fxconsulting.oanda.com/resour...rice-movements

http://www.fxtsp.com/education/forex...olatility.html

http://fxtrade.oanda.com/analysis/currency-volatility

Useful in considering which pairs to trade and for analysing how "safe" your trade is.
  • #92
  • May 11, 2012 8:28am May 11, 2012 8:28am
Hey Ben,

Nice system! Interestingly I was looking at doing something similar but on a weekly basis. I will try the daily first.

I have not tried this method so I am just kicking ideas around. I am not planning on using hedging but I was thinking of the possibility of splitting bets up between different pairs and / or indices to reduce risk and icrease probabliltiy of winning e.g.

1 bet only: payout £100 - cost £95 = £5 profit (5%)
Overall Cost £95, Payout 5% (higher risk ??)

-OR-

1 bet of 5: payout £20 - cost £19 = £1 profit (1%)
2 bet of 5: payout £20 - cost £19 = £1 profit (1%)
3 bet of 5: payout £20 - cost £19 = £1 profit (1%)
4 bet of 5: payout £20 - cost £19 = £1 profit (1%)
5 bet of 5: payout £20 - cost £19 = £1 profit (1%)
Overall Cost £95, Payout 5% (lower risk ??)

As I say, just kicking ideas about.

Just to clarify your method, place No Touch Bet in the opposite direction to the major trend e.g. uptrend place below & downtrend place above.

The bet is a 1 hour timeframe so What timeframe do you use to determine the trend and how far back do you look....?
  • #93
  • May 11, 2012 9:36am May 11, 2012 9:36am
Hey Guys,
Not to divert this thread in a different direction .. but there is a very interesting low-risk/high reward strategy of trading on BOM with the touch/no-touch thing. Check out the ebook at this link:


http://www.forexbettingsystem.com/forexbook.php

I live in the US and cannot use BOM, would have tried it otherwise.

Regards

Disclaimer : i am not associated with that website in any shape or fashion, use at your own risk.
  • #94
  • May 11, 2012 10:14am May 11, 2012 10:14am
Quoting bravester
Hey Guys,
Not to divert this thread in a different direction .. but there is a very interesting low-risk/high reward strategy of trading on BOM with the touch/no-touch thing. Check out the ebook at this link:


http://www.forexbettingsystem.com/forexbook.php

I live in the US and cannot use BOM, would have tried it otherwise.

Regards

Disclaimer : i am not associated with that website in any shape or fashion, use at your own risk.
Be warned this is a ".exe" (executable) file, not too sure what it is yet ...
  • #95
  • May 11, 2012 10:26am May 11, 2012 10:26am
Quoting 4Xfactor
Be warned this is a ".exe" (executable) file, not too sure what it is yet ...

I dare not to open too...
  • #96
  • May 11, 2012 12:40pm May 11, 2012 12:40pm
Quoting Fx2ProTrader
I dare not to open too...
I won't be opening it either

I suppose Bravester could just post the details here, if the method is really that easy it shouldn't take too long.

Regards,
  • #97
  • May 12, 2012 9:56am May 12, 2012 9:56am
Quoting 4Xfactor
I won't be opening it either

I suppose Bravester could just post the details here, if the method is really that easy it shouldn't take too long.

Regards,
It's like 3-4 pages and well illustrated with pictures and everything. I can understand the concern with .exe and i had the same too. It is a safe exe as far as i can tell , but i cannot guarantee anything on that. If that concerned, then just open on a junk computer if you have one lying around.
  • #98
  • May 12, 2012 12:24pm May 12, 2012 12:24pm
Quoting bravester
It's like 3-4 pages and well illustrated with pictures and everything. I can understand the concern with .exe and i had the same too. It is a safe exe as far as i can tell , but i cannot guarantee anything on that. If that concerned, then just open on a junk computer if you have one lying around.
If you could kindly post some screenshot for the software......
  • #99
  • Edited 12:46pm May 12, 2012 12:31pm | Edited 12:46pm
Quoting bravester
It's like 3-4 pages and well illustrated with pictures and everything. I can understand the concern with .exe and i had the same too. It is a safe exe as far as i can tell , but i cannot guarantee anything on that. If that concerned, then just open on a junk computer if you have one lying around.

Ok I opened it in Kaspersky safespace It is a ".exe" because it is an HTML compiled e-book which has been saved this way to make it more secure, its contents safe from being copied (e.g Cut and Paste etc) that is. Although why someone who is "giving away a free" system would go to such trouble is beyond me. The real issue was the page which promotes the "free" product, that is what gave me the initial concern.

So, as far as I can say, and using Kaspersky 2012, it seems safe, but I do not vouch for it as a viable system and do not endorse it or the site in any way shape or form.

And I'm not too sure what Admin might make of this recommendation, so any issues Twee, please feel free to delete this post, and I'm sure you do not need to be told that
  • #100
  • May 13, 2012 3:50pm May 13, 2012 3:50pm
Some trading I did before the weekend that I forgot to post.
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