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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Yeah... hi Rich... I spoke to my neighbour about the whole mirror incident and she says not to worry. Apparently she broke a mirror once and walked under a ladder on the same day. She only broke three of her limbs in the following year and that was only because another neighbours child at a party, was blindfolded, mistook her for a pinata and she took a rather unfortunate beating. So I can probably start a bit sooner. I get paid this Friday and after all my outgoings: Rent, Child Support Agency payments, CCJs and other assorted debt collection agency payments I'll have £38.45. I'm interested in this midnight trade, it sounds ideal for me because have insomnia, I sometimes count the peas in my icebox to pass the time but would like to learn how to 'beat the market'. Is this the Holy Grail of trading systems? Thanks. Jeff
Jeff, are you for real
Please lets concentrate on Rich`s trading strategy and those related to it, and not get side tracked by irrelevant trivia. 99.9% of us are here to learn and trade. Chris
Hi,
Iam Senthil from India i havejust started trading in Demo Account but never achieved profits.i want to join ur trading family pls reply wat strategy to use and pls mail me all tricks pls. sen_nat2010(at)hotmail.com.
or buzz me up @91-9677218307.
Thank U
Senthil
Hi Rich,
What is your leverage ratio that you used in those trades? I want to know so that I can use it to assess your output as claimed. I am eager to try your strategy out.
Thanks.. Wale
Hi Rich & other readers,
This is a great website to know and read regularly.
The strategy must be fantastic. But can I change my stop Loss from 20 to 50 pips, because I am afraid the market may just retrace immediately after your 20 pips stop loss and then move in your favour. It happens sometimes, i feel that the 20pips SL is too tight.
McWalis
Hi Rich/any other member,
Nice site to reach and read always.
Can you please send me the performance report of the Strategy beginning from
29th April, 2010 to date to my e-mail address: walisthadd(at)yahoo.com.
Expecting. Thanks
McWalis
Hi Guys,
Rich seem to have paused/stopped supporting this thread. So, let's develop it together.
Regards,
Edward
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