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1000+ pts fx trade........

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13 years 2 months ago #1957 by Mike-in-Paris
I do not see that KI has to explain why and how each takes each individual trade.
Everyone will take a trade using his own skills, and decisions - EMA's, Bollinger bands, MACD, fibs etc

the main point of the system is you take a basket of trades at the start of the week and you are looking for the mid term weekly movement (not day trade on the 15mins) and you have a large enough stop loss that each does not trigger dues to a small bit of bad news.

the idea is as well is that it is hands off.

You do not really care if one share is losing as it is the overall result that counts
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13 years 3 months ago #1924 by Broad-rock
I would like more info on this system, but a look at 2 facts that we know about will help;

1. Stop loss was 100 pips/pair x 10 = potential loss of 1000 pips.

2. System returned 1150 pips this week, pretty good i would say,

except the risk / reward is not really that good with-out knowing the how and why of the trades.

also I didn't see any charts to explain why the trades taken in the 1st place, how do we judge a system when we know very little about it..
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13 years 3 months ago #1923 by Rossymc
Replied by Rossymc on topic 1000+ pts fx trade........

diver993 wrote: Ross I think there's plenty of folk interested but if the guy doesn't want to share there's not a lot of point mate. Like many others, I'm very willing to listen and learn but, you can take a horse to water but you can't make him drink :(
Maybe he will mellow with passing of time. Or do you want to start a separate list of recommendations :)


Diver

I thought because of the size of the trade initiated more would have got involved? There are some on here who love to take and not give or even get involved. You are not included in this.

Broadoak

A lodge of interest would be to get involved, ask questions, respond, try to work out the method etc. How many posted a chart in response? How many wanted a second week?

Hope all is well
RMc

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13 years 3 months ago #1913 by diver993
Replied by diver993 on topic 1000+ pts fx trade........
Ok, I'll kick things off with a long on EUR/GBP, target 0.84180, being 50fib retrace of the move started July 2011 and finished July 2012. Should take 3 waves. The only problem - it may well take longer than a week :)

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13 years 3 months ago #1912 by diver993
Replied by diver993 on topic 1000+ pts fx trade........
Ross I think there's plenty of folk interested but if the guy doesn't want to share there's not a lot of point mate. Like many others, I'm very willing to listen and learn but, you can take a horse to water but you can't make him drink :(
Maybe he will mellow with passing of time. Or do you want to start a separate list of recommendations :)

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13 years 3 months ago #1910 by Broad-rock
What do you mean no interest?
Where do we lodge our interest?

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