Advanced system #7 (EUR/USD breakout system)
Submitted by User on November 3, 2007 - 14:43.
We've created a new page for discussions of the new Forex System that was kindly posted by our Visitor. Thank you for taking time and efforts to share this Forex system with us!
Edward
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What is ur comment on this similar system
time frame 1 hour
ema(144) and ema(169) and sma(400)
System uses highest high and lowest low of candles from 1.00 GMT to 6.00 GMT
conditions needed to make trade:
1- Entry price must be away from Vegas tunnel and/or SMA(400) at least 35 points (rebound zones)
2- Orders are set after the close of candle 6.00 GMT
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Thank you very much.
Are there anybody else using this system?
Regards
D.
Hi Edward, I want to Make 200 Pips Daily through Forex Trading. Can you help me which currency pairs should I trade to get this target? also tell what is your suggestion about the strategies to be applied on those currency pairs.
please help. also need advice of Professional Traders.
Reagrds,
Fahad. KSA
Hi Fahad,
your question is somewhat general though. To make 200 pips a day you'd need to trade multiple currency pairs, on average 4-5 pairs at the time. The highest yielding pair is GBPJPY which can move up to 300 pips a day. However with high volatility comes a higher risk.
Please have a look at the following strategy, which trades multiple currencies and uses well balanced targets and stops:
http://forex-strategies-revealed.com/simple/simple-trading-with-daily-ra...
Best regards,
Edward
Thanks Edward, thanks very much for your kind suggestion. I will review it & try to get results with the suggested strategy. any other suggestion to get most out of this insane market, I'll appreciate. You are a real Great Man making impossible things possible. thanks once again.
Warm Regards,
Fahad.
Hellow! Why do we need SMA and EMA 169 ? so that wecan have a Vegas tunel ? :) to look nicer ? :)
Regards, MStar
those MAs are used to get a Vegas tunnel.
If a trading software offers a Vegas tunnel, you don't need to make it anymore nicer with MAs :)
Thomas
Hi Fahad,
This insane market demands a skillful speculator. It is a wrong perception that anyone can trade Forex. To manage serious capitals and earn good income you have to become a good financial analyst.
Practice and dedicated studying will make you one.
Best regards,
Edward
hello edward
I just want to ask why do you use this particular pair (EURUSD) for this system?
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