Thread: Intra day Trading Sys

Kavs,


This is not every day, I got lucky when the price retraced back and took it on 24/28, the initial (train) I took was on 32/36 and set my goal 30 pips and my SL 15 pips 1:2 Risk Reward Ratio, it moved to 690/694 but I came out before that, then it retraced back to 24/28 then I had the opportunity however, I did not plan it but the most important that it retraced until the news came out,
I only plan for a single train excursion and go enjoy my life, I didnt adhere to the screen all the opportunity to wach for retraced price.

Love it

Originally Posted by ;

Hi gents,
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My first article in FF,
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I am 4 years old in FX world, specialized in GBP.
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I've this Intra day sys to use and need to discuss it with u, it's easy and 90% evidence.
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First, u need to know the trend direction for the day and MACD will do this, if the slow line below zero then the trend is down, above zero then the trend is up (I am speaking about the first wave of the day when there are greater than one) MACD ought to be put 8,18,9.
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That is confirmed from the RSI if above 50 will be up or below 50 then down, and needs to be set to 21.
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Currently, the entry, SL and exit points,
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Entry point ought to be made with a blue 5 shut EMA with a red 6 opened EMA.
SL ought to be 5 pips above or below recent hi or low, more than 30 pips. Exit, if u r fine with fibo then u should exit on 161.8percent or tops and bottoms, R or S but no less than 30 pips in hand.

Forgot to mention that the time frame ought to be 30m and employ after 2300 Eastern Time.

If the above aren't fulfilled, don't enter the market.

This sys is futile in regards to the news.

Do u mean 5 EMA (close) and 6 EMA (open)??

One transaction a day - now it makes sense what you mentioned before, if you simply trade the formerly and its a reliable trade then yea... I thought you were in the market multiple times... maybe like I stated determined by those crosses...

Having over-read everything you are doing with your egy - it may be worth exploring as it could form the foundation for a trading egy doing numerous trades... just a idea!

Kavs

Thanx Kavsp, I give it a thought,

C1ro, just

Originally Posted by ;

One commerce a day - now it makes sense what you mentioned before, if you only exchange the once and its reliable trade then yea... I thought you're in the market multiple times... maybe like I stated determined by those crosses...

Having over-read everything you do with your method - it may be worth exploring as it could form the basis for a trading method doing numerous transactions... just a thought!

Kavs

Thus, whats ur way of numerous transactions?

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I really don't do multiple trades unless I hit my target first, then when it comes around my beginning point (no fundamental cause, pure technical) I then try one more time and exit until the initial target and on.lt;ogt;lt;/ogt;

This is my full time job, and that I have rules to follow, most important discipline patience, 1 trade per day if my parameters were met to receive 30-40 pips and I'm happy.lt;ogt;lt;/ogt;

Stay happy

I like this trading platform... maybe useful for scalpers if use in lesser timeframe. .

Thank you for the clarifiion, I find now what you're saying, seems like a fantastic system, really appreciate you posting it here. Does this work with any currency?

@hakeem:
For how long can you exchange this system? Since 4 decades that are complete?

Dave,

It may be used with almost any currency however, it goes well with all the GBP.


Katz,

I started playing FOREX 4 decades back, once the GBP was 1.4xx,

I developed many systems simple and complied,

this one, I have been useing it since FEB 06.

Stay edued