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System Based On Your Own Market Sentiment

  • #1
  • First Post: Edited 10:19am Jan 8, 2014 1:37am | Edited 10:19am
Base On Your Market Sentiment

The way the system work is you go long ang short all majors and all crosses when the market opens on sunday and when you see heavy favorite on the long side you buy at the daily resistance or if you see heavy favorite on the short side you go short at daily support.
  • #2
  • Jan 8, 2014 1:50am Jan 8, 2014 1:50am
must have good MM because at any give time you could be in 10-20 trades at one time
  • #3
  • Jan 8, 2014 2:03am Jan 8, 2014 2:03am
Quoting PoundTrader
The way the system work is you go long ang short all majors and all crosses when the market opens on sunday and when you see heavy favorite on the long side you buy at the daily resistance or if you see heavy favorite on the short side you go short at daily support.
This system has very good potential, I tried this once, few months back and had good success but because of my full time job I did not continue, it requirs close monitoring and the smallest lot size a moderate account size > 1000K is require because at times you would require higher lot to compensate the losing trades.

How do you manage stop loss and TP, how do you exit from the market with profit? how many times / frequency you maintain per day for executing the trades?

Good luck.
  • #4
  • Jan 8, 2014 11:15am Jan 8, 2014 11:15am
as we can see the market is favorite heavy on the buy side, with u.s. news comming out later today this can change, so far one trade was close today for 80+ pips
  • #5
  • Jan 8, 2014 11:20am Jan 8, 2014 11:20am
system not base on any currency pair but base on what the general market is doing, so if the market is up we put buy orders in on all the majors and crosses and vice versa if the market is down
  • #6
  • Jan 8, 2014 1:18pm Jan 8, 2014 1:18pm
the goal is the go with the overall trend of the market not all currency pairs will hold to the the market so we will take some loses but this will be off set by the winners and mabe a small profit by end of week.
  • #7
  • Jan 8, 2014 6:50pm Jan 8, 2014 6:50pm
took some loses as well made some gains.
  • #8
  • Jan 8, 2014 9:13pm Jan 8, 2014 9:13pm
PoundTrader could you go into this in greater detail, may be give a picture example. Thanks
Enter Signature
  • #9
  • Jan 8, 2014 10:37pm Jan 8, 2014 10:37pm
Quoting CaptainLush
PoundTrader could you go into this in greater detail, may be give a picture example. Thanks
the system is still new so there's some things i still need to work out, i would go thru the trades this week and add more details to the system if need to.
  • #10
  • Jan 9, 2014 1:47am Jan 9, 2014 1:47am
Quoting PoundTrader
took some loses as well made some gains.
  • #11
  • Jan 10, 2014 8:19am Jan 10, 2014 8:19am
i see an opp to catch some homerun trades, gonna look thru it over the weekend
  • #12
  • Jan 10, 2014 8:54am Jan 10, 2014 8:54am
system only 14 days old, so there will be some adjustments as i go along
  • #13
  • Jan 11, 2014 2:44am Jan 11, 2014 2:44am
been up all night, just finish adding 15 new rules to the system now i can't wait till market open to test them out.
  • #14
  • Jan 11, 2014 3:15pm Jan 11, 2014 3:15pm
Quoting PoundTrader
{quote} the system is still new so there's some things i still need to work out, i would go thru the trades this week and add more details to the system if need to.
Ok Poundtrader, when you get it nailed then some samples with expinations would be good. Quite often an outside opinion can help a system greatly.
Enter Signature
  • #15
  • Jan 11, 2014 3:45pm Jan 11, 2014 3:45pm
that a big spike in you revenu you have there. Your last trade brought you 22%. Try to avoid such return. You want to last, not making huge profits one day and then on an unlucky day lose everything.
  • #16
  • Jan 11, 2014 10:01pm Jan 11, 2014 10:01pm
Quoting Capelli
that a big spike in you revenu you have there. Your last trade brought you 22%. Try to avoid such return. You want to last, not making huge profits one day and then on an unlucky day lose everything.
the reason was that i saw a homerun trade, every system should have one
  • #17
  • Edited 3:59am Jan 12, 2014 3:48am | Edited 3:59am
Quoting CaptainLush
{quote} Ok Poundtrader, when you get it nailed then some samples with expinations would be good. Quite often an outside opinion can help a system greatly.
after going thru the rules of the system im thinking about closing this thread, this system is hands on and to complex to explain
  • #18
  • Jan 13, 2014 9:03am Jan 13, 2014 9:03am
you can look at your chart on all gbp and eur pairs and see the sell side is strong, so you will sell all gbp and eur pairs. only eur and gbp base pairs
  • #19
  • Jan 13, 2014 3:12pm Jan 13, 2014 3:12pm
90% of the market is trending down, so what where looking at is 13 sell orders and 2 buy orders.
  • #20
  • Jan 16, 2014 3:20am Jan 16, 2014 3:20am
taking a beating at the moment, trying to make a comeback
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