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  • #1,084,641
  • Dec 21, 2016 5:18am Dec 21, 2016 5:18am
Quoting dttsomh
{quote} Google search "Martingale system" it was invented in year 1500 by pirates flipping coins. It was and it will never be reliable, google will explain why.
Thank you.
  • #1,084,642
  • Edited 5:39am Dec 21, 2016 5:24am | Edited 5:39am
Quoting mabsm95
Hello, First of all,I know that it is inappropriate place to ask this question but as I am a junior member,so I am unable to start new thread. So I want to know that, what if, I place an order with TP and SL 10$ (RR ratio 1:1) and SL hits. I place another order with TP and SL 20$ (RR ratio 1:1) and again SL hits. I place another order with TP and SL 40$ (RR ratio 1:1) and again SL hits. Then I place 4th order with TP and SL 80$ (RR ratio 1:1) ant this time TP hits. Total Loss = 10+20+40 = 70$ Total Profit =80-70=10$ Similarly,if I lose 10 trades and the 11th one is the winning trade,I will be in profit. So please tell me if this strategy is applicable or not.? P.S : Sorry for my bad English.
Quoting dttsomh
{quote} Google search "Martingale system" it was invented in year 1500 by pirates flipping coins. It was and it will never be reliable, google will explain why.
interesting. i thought it was invented in france in the 18th century ..at roulette
anyway, the recovery zone system (for forex) was invented in the 21st century ....it's a refined martigale, with the ratio lower than 2 and multiple chances for the gambler ... backtested for years, proved to act like classic martingale in the end ...i.e. you need deep pockets
Member
  • #1,084,643
  • Dec 21, 2016 5:30am Dec 21, 2016 5:30am
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD_H4.gif Size: 46 KB
  • #1,084,644
  • Dec 21, 2016 5:31am Dec 21, 2016 5:31am
Shorted pound , stop 1.2393
Short AUD closed for healthy profit .
Looking to long EUR /AUD at dip later today
  • #1,084,645
  • Dec 21, 2016 5:40am Dec 21, 2016 5:40am
Quoting mabsm95
Hello, First of all,I know that it is inappropriate place to ask this question but as I am a junior member,so I am unable to start new thread. So I want to know that, what if, I place an order with TP and SL 10$ (RR ratio 1:1) and SL hits. I place another order with TP and SL 20$ (RR ratio 1:1) and again SL hits. I place another order with TP and SL 40$ (RR ratio 1:1) and again SL hits. Then I place 4th order with TP and SL 80$ (RR ratio 1:1) ant this time TP hits. Total Loss = 10+20+40 = 70$ Total Profit =80-70=10$ Similarly,if I lose 10 trades...
Please search for binary options, in pure forex is harder to implement such strategy. Good Luck.
  • #1,084,646
  • Dec 21, 2016 5:44am Dec 21, 2016 5:44am
http://orders.forexlive.com/!/option...1-dec-20161221
  • #1,084,647
  • Dec 21, 2016 5:45am Dec 21, 2016 5:45am
Quoting kornrogers
{quote} Please search for binary options, in pure forex is harder to implement such strategy. Good Luck.
Not hard to implement progressions in forex at all. There are tonnes of robots everywhere ready for enthusiasts
Though you're right, BO's are the best environment for them.
Member
  • #1,084,648
  • Dec 21, 2016 5:47am Dec 21, 2016 5:47am
Quoting Paulie7482
Waiting for 1.0410 Then I will short it hard.
Same here. Expecting to at least small scalp.
  • #1,084,649
  • Dec 21, 2016 5:52am Dec 21, 2016 5:52am
UJ setting up a breakout - could be the trigger for USD
  • #1,084,650
  • Dec 21, 2016 5:55am Dec 21, 2016 5:55am
Quoting TudorIoan
{quote} Not hard to implement progressions in forex at all. There are tonnes of robots everywhere ready for enthusiasts Though you're right, BO's are the best environment for them.
You're right, I wasn't clear, it's definitely easy to implement but harder to have success, thanks for the correction.
  • #1,084,651
  • Dec 21, 2016 5:59am Dec 21, 2016 5:59am
Quoting Don96
UJ setting up a breakout - could be the trigger for USD
also watch UCHF

see why would i not trade UJ? my favourite pair, simple breakout that was obvious imo
  • #1,084,652
  • Dec 21, 2016 6:04am Dec 21, 2016 6:04am
break upwards if it doesnt turn out to reject should go up from here
  • #1,084,653
  • Dec 21, 2016 6:10am Dec 21, 2016 6:10am
Quoting kornrogers
{quote} You're right, I wasn't clear, it's definitely easy to implement but harder to have success, thanks for the correction.
btw, do you know there are a lot of FF threads on that and a lot of enthusiasts using them in their real accounts ?

there are many big volumes EAs working even for the Big Dogs and because they are big, they live a signature....
check this automatic system signature on the EUR/USD chart (the accuracy of levels)
...they start at the Day Open with a 11 pips interval to develop intraday (example for yesterday, you can check it every day the astonishing levels accuracy)
Attached Image (click to enlarge)
Click to Enlarge Name: ZHART.png Size: 23 KB
Member
  • #1,084,654
  • Dec 21, 2016 6:11am Dec 21, 2016 6:11am
US Index 4H speaks quite clearly and its possible weekly will end as a pinbar. Still half a week to go.
  • #1,084,655
  • Dec 21, 2016 6:12am Dec 21, 2016 6:12am
Quoting Dano12
- > 1.0425 - 1,0445 - 1,0456 if S H S broken


  • #1,084,656
  • Dec 21, 2016 6:13am Dec 21, 2016 6:13am
Oups, the USD faint away suddenly
Member
  • #1,084,657
  • Dec 21, 2016 6:19am Dec 21, 2016 6:19am
Quoting mades
US Index 4H speaks quite clearly and its possible weekly will end as a pinbar. Still half a week to go.
see if stays above 102.5x - EU was at 1.047-80 at the same time...


EDIT: Sold AU at 0.72683 - Stop at 0.7276

not sure whats going on with UJ m5 atm - there is support at 117.18 from previous low to high... seems likely to break not good for AU shorts
  • #1,084,658
  • Dec 21, 2016 6:21am Dec 21, 2016 6:21am
Quoting Don96
{quote} see if stays above 102.5x - EU was at 1.047-80 at the same time...
it'll defenetly go for the 1.047 to finish the h&S pattern, i don't know about the x80 though i'm getting of the ride earlier this time
  • #1,084,659
  • Dec 21, 2016 6:22am Dec 21, 2016 6:22am
Short covering it seems.

Attached Image
  • #1,084,660
  • Dec 21, 2016 6:25am Dec 21, 2016 6:25am
Quoting attilafx
Short covering it seems. {image}

short squeeze started
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