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Go Back   Talkgold HYIP, Investment & Money Forum > Other Ways to Make/Save Money > Forex Trading / Day Trading
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  #1  
Old 03-18-2007, 02:47 PM
myfxreport
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Default +307 pips in a single trade on GBP

Rules & Settings
1. Place an 8 period RSI. Place an 8 period MA of the RSI and Bollinger Bands with a 20 period setting, also on the RSI.

2. When RSI is below the middle Bollinger Band. Go long on the open of the next bar after the RSI crosses the MA form below to above
When RSI is above the middle Bollinger Band. Go short when RSI crosses the MA from above to below/

3. Stop loss is the low/high of the previous bar.

4. When profit is +40 pips or more, move SL to break even.

5. Use trailing stops of 25 pips afterwards. For testing purposes we will not use that. Instead we will use 50 pips TS changed on daily basis.

4. Look at the charts once per day, just before 0.00 GMT. This way you know which pairs are approaching the set-up.

5. Wait for complete close of bar to make sure that the cross is real, then place the trades. So, when there is a start of a cross, you have to wait for next day 00.00 GMT to make sure the cross has stabilized. Then you enter the market. It is a daily method.

for more info on setup, download template, visit http://www.worth-less-spam.com

Last edited by pluggy : 03-18-2007 at 11:16 PM.
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  #2  
Old 03-18-2007, 02:51 PM
KingOfKong's Avatar
KingOfKong KingOfKong is offline
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Join Date: Dec 2006
Location: BBD Tower, Jakarta, Indonesia
Posts: 450

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Default Re: +307 pips in a single trade on GBP

Quote:
Originally Posted by myfxreport
Rules & Settings
1. Place an 8 period RSI. Place an 8 period MA of the RSI and Bollinger Bands with a 20 period setting, also on the RSI.

2. When RSI is below the middle Bollinger Band. Go long on the open of the next bar after the RSI crosses the MA form below to above
When RSI is above the middle Bollinger Band. Go short when RSI crosses the MA from above to below/

3. Stop loss is the low/high of the previous bar.

4. When profit is +40 pips or more, move SL to break even.

5. Use trailing stops of 25 pips afterwards. For testing purposes we will not use that. Instead we will use 50 pips TS changed on daily basis.

4. Look at the charts once per day, just before 0.00 GMT. This way you know which pairs are approaching the set-up.

5. Wait for complete close of bar to make sure that the cross is real, then place the trades. So, when there is a start of a cross, you have to wait for next day 00.00 GMT to make sure the cross has stabilized. Then you enter the market. It is a daily method.

for more info on setup, download template, visit blah blah
Thanks for share dude.
I will take a look your site now.
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King-Of-Kong

Last edited by pluggy : 03-18-2007 at 11:16 PM.
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  #3  
Old 03-18-2007, 07:16 PM
jafar00's Avatar
jafar00 jafar00 is offline
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Join Date: Jan 2006
Posts: 2,400

Warnings: 1
Default Re: +307 pips in a single trade on GBP

While you are promoting your adsense laden page you might like to credit the originator of the system you just mentioned and link to the thread that contains all info about it.
http://forexfactory.com/forumdisplay.php?f=87
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  #4  
Old 03-18-2007, 11:14 PM
pluggy's Avatar
pluggy pluggy is offline
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Join Date: May 2004
Location: Lancashire, UK
Posts: 11,189
Default Re: +307 pips in a single trade on GBP

Waddya know, its profitfrog back from the grave and still spamming his blog.

Sorry, you're out of here. Again
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  #5  
Old 03-18-2007, 11:20 PM
Takiii Takiii is offline
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Join Date: Apr 2006
Posts: 2,366
Default Re: +307 pips in a single trade on GBP

Was going to say.. Totally stolen strategy.
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http://www.fxoceania.com/, great brokerage, great support, 25$ free deposit bonus + 100$ free after 10 lots traded.
http://fxoceania.blogspot.com/ for strategies, fxoceania competitions and other trading activities *UPDATED*
http://www.forexcup.com/ FXOPEN TRADING COMPETITION NOW OPEN
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  #6  
Old 03-20-2007, 08:08 AM
profit profit is offline
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Join Date: Jun 2005
Posts: 692

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Warnings Level: 1
Default Re: +307 pips in a single trade on GBP

Quote:
Originally Posted by myfxreport
Rules & Settings
1. Place an 8 period RSI. Place an 8 period MA of the RSI and Bollinger Bands with a 20 period setting, also on the RSI.

2. When RSI is below the middle Bollinger Band. Go long on the open of the next bar after the RSI crosses the MA form below to above
When RSI is above the middle Bollinger Band. Go short when RSI crosses the MA from above to below/

3. Stop loss is the low/high of the previous bar.

4. When profit is +40 pips or more, move SL to break even.

5. Use trailing stops of 25 pips afterwards. For testing purposes we will not use that. Instead we will use 50 pips TS changed on daily basis.


Could you pls attach the chart so that we know how the signal ? I could not find it in your website.

Thanks
Nic

4. Look at the charts once per day, just before 0.00 GMT. This way you know which pairs are approaching the set-up.

5. Wait for complete close of bar to make sure that the cross is real, then place the trades. So, when there is a start of a cross, you have to wait for next day 00.00 GMT to make sure the cross has stabilized. Then you enter the market. It is a daily method.

for more info on setup, download template, visit http://www.worth-less-spam.com
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  #7  
Old 03-24-2007, 08:46 AM
Scalper Scalper is offline
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Join Date: Mar 2007
Posts: 23

Warnings: 1
Default Re: +307 pips in a single trade on GBP

GBP is such a volatile currency..more power to ya
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  #8  
Old 03-25-2007, 02:56 AM
ocm1's Avatar
ocm1 ocm1 is offline
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Join Date: Mar 2007
Posts: 4

Warnings: 1
Default Re: +307 pips in a single trade on GBP

Thanks for share
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