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  • #834,981
  • Sep 13, 2013 6:13am Sep 13, 2013 6:13am
Quoting Mozzy
Hi guys, I want to post a link to a video from some company that claims this is a great strategy, but, I've watched it over and over and compared it to my charts, but, can not see how it is working....
Might be something there, for one part of an entire strategy, eg another factor to incorporate into an edge. But from strictly the video, the few instances he demonstrates tell zero, also the dude only seems good at perfect "hindsight trading" throughout that video - takes the short/long side very appropriately as to how it played out, with vague arguments for the chosen side, so... Nah.

You might try backtesting it and dig up at least a few hundred recent instances (days), better yet if 1000+ instances, for these main statements he lays out (about the timing of turning points).... if you find it solid even for 30% instances, could be something to factor into your trading methodology - as long as using wide R/R targets.

But on its own and judging by the video, seems a "look-how-easy" marketing flick for the simple-minded.... I'm sure it works some times, but that's not exactly something to build off a trading career...
Patience, persistence and probabilities.
  • #834,982
  • Sep 13, 2013 6:14am Sep 13, 2013 6:14am
Quoting KiwiTrada
{quote} I am aggressive, and already in, but yesterdays high is important level ,last hr bull rally is first real excursion above todays open (which I already harvest few pip) so stop above yesterdays high, if she get below rising tl then todays open, could be nice entry, with little stop, my r/r is 1/5 this hr close anywhere round here is doji @ resistance, worth a look anyway, a break north will destroy me real quick. bbl going watch hr close, may jump ship, but will see {image}
argh not the best close would have preferred no body, don't know if you have yen up bro but geppy 1hr printing equi triangle really leggy and wicky possably decent breakout when winner shows im thinking north which may help my wee kiwi trade if south Im stuffed
If you are new to Forex? Say Goodbye to your account!!
  • #834,983
  • Sep 13, 2013 6:14am Sep 13, 2013 6:14am
Quoting mohan76
{quote} but ur membership 26 m old 2nd or xx th account ?

boss, you never trade eur usd but still you keep an eye on every move of it
  • #834,984
  • Sep 13, 2013 6:14am Sep 13, 2013 6:14am
Quoting kuroro001
{quote} You are back, call the next top/bottom!
I will! never fails. I never fail. :-)
Quoting mohan76
{quote} but ur membership 26 m old 2nd or xx th account ?
Mohan mohan! you have been distracted :-p . It was BabyBrooke.

http://www.forexfactory.com/showthre...89#post6905089
  • #834,985
  • Sep 13, 2013 6:15am Sep 13, 2013 6:15am
Quoting kuroro001
{quote} You are back, call the next top/bottom!
what's your view on the cripple mate?
  • #834,986
  • Sep 13, 2013 6:18am Sep 13, 2013 6:18am
Quoting Mahfooz
{quote} boss, you never trade eur usd but still you keep an eye on every move of it
i do trade EU when it's move , last trade was yesterday
Mohan
  • #834,987
  • Sep 13, 2013 6:18am Sep 13, 2013 6:18am
Quoting mohan76
{quote} most of the 1 pip spread are not real 1 pip spread (unless you pay commission) , always allow extra 1 pip

well my broker here offers me a spread ranging from 0.4 to 0.9 without any commissions
  • #834,988
  • Sep 13, 2013 6:20am Sep 13, 2013 6:20am
Quoting mohan76
{quote} i do trade EU when it's move , last trade was yesterday

seems like yesterday it went against you and its Friday today
  • #834,989
  • Sep 13, 2013 6:20am Sep 13, 2013 6:20am
Quoting attila
{quote} what's your view on the cripple mate?
At this moment i'm eyeing the short side, interesting area near 1.320x/1x. I may change side depending on the PA + news during NY though.
We had some good rejection off 1.332x

But the daily looks up, so i'll be looking to buy dips


Lately EU is a bit crap, acting on its own


What about you ?
COT: The precious data ignored
  • #834,990
  • Sep 13, 2013 6:22am Sep 13, 2013 6:22am
Quoting whoreship
{quote} I will! never fails. I never fail. :-) {quote} Mohan mohan! you have been distracted :-p . It was BabyBrooke. http://www.forexfactory.com/showthre...89#post6905089
That's a strong statement, i'll be on the lookout then
COT: The precious data ignored
  • #834,991
  • Sep 13, 2013 6:25am Sep 13, 2013 6:25am
Closed out my CAD/JPY and CHF/JPY. Didnt like the closes on the D, still got out with ~60 pips or so.

ADU/USD shorts still open. Looks like London already made a LL, I expect US will do the same around 10am (if I've been studying attila's school correctly)
  • #834,992
  • Sep 13, 2013 6:25am Sep 13, 2013 6:25am
Quoting kuroro001
{quote} At this moment i'm eyeing the short side, interesting area near 1.320x/1x. I may change side depending on the PA + news during NY though. We had some good rejection off 1.332x But the daily looks up, so i'll be looking to buy dips Lately EU is a bit crap, acting on its own What about you ?
thanks. as for me, 3256 low couldn't take the top so I think below the next lows for longs 3242 first level of interest and 3230 if that one gives..
  • #834,993
  • Sep 13, 2013 6:28am Sep 13, 2013 6:28am
I will wait for news to enter trade. market not moving, it ll be a risk off day. that's what it looks to me so far
  • #834,994
  • Sep 13, 2013 6:31am Sep 13, 2013 6:31am
Quoting chazzle
{quote} AU M15 I'm in looking 220 {image}
not my style to wait for hours and hours - so tp alraedy
  • #834,995
  • Sep 13, 2013 6:32am Sep 13, 2013 6:32am
Quoting Mahfooz
{quote} seems like yesterday it went against you and its Friday today
lossing is part of this game yeturday i lost on yen , euro paid me
Mohan
  • #834,996
  • Sep 13, 2013 6:33am Sep 13, 2013 6:33am
Quoting kuroro001
{quote} you are back, call the next top/bottom!
hahahahahahaaaaaaaaaaaaaaaaaaaaaaa
@pawpaw1000 on Twitter
  • #834,997
  • Sep 13, 2013 6:43am Sep 13, 2013 6:43am
Quoting attila
{quote} thanks. as for me, 3256 low couldn't take the top so I think below the next lows for longs 3242 first level of interest and 3230 if that one gives..
Yep i can see these levels, but i like untested levels, we'll see.
PA is more reliable than levels to me
COT: The precious data ignored
  • #834,998
  • Sep 13, 2013 6:44am Sep 13, 2013 6:44am
Quoting Mozzy
Hi guys, I want to post a link to a video from some company that claims this is a great strategy, but, I've watched it over and over and compared it to my charts, but, can not see how it is working. Maybe it's that I'm in Australia and the time zone difference....frigged if I know. Would someone please watch it and give me your analytical response on whether it's a valid strategy or not. It seems simple enough, but, at the same time complex. This is by no means a spam attempt either, so, don't try screw me over when I'm asking a legitimate question...
The strategy use a GBPUSD pair, with assumption, during Europe Open (one hour time) we determine trend, that can hold for the rest of session till closed. Here is the example of this week. I mark with letter:
A. You determine it is a bull market, then you buy.. hold till 1 hour before close.. (B) .. erhh.. calculate the pips yourself. i believe you can.
C. You determine it is a bull (again) then you buy.. hold till 1 hour before close .. (D)..
E. (ignore some typo there.. looks like AE) .. Its again.. bull, you buy... hold till 1 hour before close (F)
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdih1.png Size: 49 KB
Don't blame the tools. Blame the carpenter.
  • #834,999
  • Sep 13, 2013 6:49am Sep 13, 2013 6:49am
EU H1

bought EU on break and re-test of 280
Attached Image (click to enlarge)
Click to Enlarge Name: euh1.PNG Size: 43 KB
  • #835,000
  • Sep 13, 2013 6:50am Sep 13, 2013 6:50am
look at how close all the simple moving averages are. Just look. Take note. Lima lama art of the bite:"Do not take a big bite and hold on. Take lots of little vicious ones "
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