Forex trading strategy #18 (20 pips with GBPUSD after midnight)
Submitted by User on May 8, 2009 - 11:01.
Submitted by Rich
I've just started trading a strategy which is based on the close of the first 15 minute bar after midnight GMT on GBPUSD.
1.) Take the closing price of the first 15 minute bar after midnight GMT on GBPUSD
2.) Place a buy order 50 points above the close and a sell order 50 points below the close
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Is this system still working?
Yes, it does, you can try it and it won't disappoint you. Also read the previous comments, I've found them very helpful.
i think rick you have the best system in the market..
just want to know did anyone trade this system from 2009 to 2010 ? and how many pip profit?
I'll try your strategy Rich, I mean the one that looks for break of previous day high/low...
But, which time use for "day close time"? 00.00 GMT ??
Thanks for your strategy.
I think that's the being used.
Thomas
this system work on 2008 no one answer with record 2009 to 2010 must not working anymore. plus i try this system but my broker alway stop me out at 20 pip to 25 pip
even when i just put 19 pip stop loss.
Hi Rich.. Thanks for sharing the nice system.. But pls tell the time which u mean as midnight..
MAy be a silly question but I am not so brainy person.. Thanx in advance..
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