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Using Martingale Wisely

Submitted by Dachel Miqueli

Ok here we go.

I traded the GBP/USD only, now wait around 12:45am EST to find out that in the past few hours the price has consolidated, then open up the 5 min time frame and 30 or more if you want to.

This is only to find the recent Support and Resistance to have an idea of where the market should react. Why that specific time you may ask.....well I've been watching the market for a long time and realize that most of the short trends or strong movements happens after this hour so is a good time to start. If at this time the price is near a support or a resistance I recommend to wait for the price to reach it and then sell if it touch a resistance and buy if it touch the support. If the price is too far away the enter buying or selling around that time.

I know you still have questions but that was all regarding entry. I will keep explaining but I need you to understand what we are looking forward to do here.

Were are going to use martingale wisely for the very first time. So the thing is that around this time a lot of big movements takes place, another good hour is 2:00am EST, 3:00am and 4:30am, where 3:00am is not so strong. So as we both know if we use martingale and the price start bouncing we will lose money. But this times are great due to almost always the price go straight up or down, I really don't care where, they move enough to exit in break even or just to leave them run in order to have more profits. This is the idea behind the method. The more it bounces the more money you will get per pip so if it goes 20 pips on your favor then put it on Break even and let it run for maximum profit.

Now Money management.

You have to set up first you risk % per trade. This % should be the loose of the complete sequence ok? For example, if you have $1000 and you want to risk 2.7% which is $27, at the end that's the total amount that you are going to loose if you loose the hole sequence. That will keep the system safe. The sequence is up to 5. If you enter for the fifth time and the price go against you then you loose the whole sequence. the gaps are 10 pips.

The calculations of the starting lots shouldn't be a problem for you but I have an Excel file that calculate it for me so let me know if you want it.

Let me know if you got it right ok?

I have made 51 trade so far and have lose only 3 witch make this method a 94% winner so far.

Take care and good luck

Dachel Miqueli
dachelm@yahoo.es


http://forex-strategies-revealed.com/


sounds Interesting.
the timing factors as you mentioned seems something valuable, something worth to Look for.

I read your post 3-times. maybe you are willing to tell how you do this in private. Lol..... so, could you please be more specific how exactly you do. I hope I could get some useful sense here.

theGambler_
Thanks Dachel.

I too am interested. But not enough info to evaluate it properly. Please explain more.

Ken
The Cat Preacher

ok guys I will explain it in detail on a video witch is even better. But first help me out to find a good software to do this because I never did it.

Dachel

Dachel,

I recommend this software for the video presentation issue. It's easy, simple-to-use software and it's FREE!

http://download.cnet.com/CamStudio/3000-13633_4-10734470.html?tag=mncol

Just need to confirm, now you're using 5 sequence instead of 7 sequence before. but your excell is set for 7 sequence. shall be altered to accommodate that?

any different in risk/reward factor when these two being compared each other?

wish more doubts are answered after watching your video presentation.

thanks for your great contribution, Dachel.

-MAL

Hi guys, I'm sorry for my delay, is just that there is a lot of stuffs going on right now with me and I haven't had the time to do the video, I got the software so I just need some free time.

Thanks

Dachel

Any news on this strat? Thanks

Edward, is the author mentioned of 12:45am EST refers to 1245am Singapore time?

Hi,

Singapore time zone is GMT+8 hours,
while EST = GMT-5.

We have EST time zone in US & Canada.

Regards,
Edward

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