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Forex trading strategy #20 (63 EMA breakout)



Submitted by User on May 10, 2009 - 11:25.

Submitted by Oladayo Sakoto

Hello my fellow traders,
My name is Oladayo Sakoto from Nigeria and i'm just a new bee in the market, actually i've been trading for more than a year now. As we know the market's reaction is a little bit unpredictable in this era and i have seen a lot of events and scenarios whereby the daily trend can be changed within few minutes. So i studied hard and did a vigorous research on this strategy and it gave me 95% of wins and 5% of loss trades. Actually i back tested it for 7 months and it gave only 5 loss within this 7 months. May 2009 to November 2008. This strategy works only for GBP/USD pair cos of its great volatility.


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Submitted by User on July 5, 2009 - 09:52.

very interesting strategy

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Submitted by Nick on July 5, 2009 - 10:54.

Hi Oladayo,
Im Nick, I dont get it, what does "highest high figure downloading from the Asian session and add 5pips to filter" means? and, what does its purpose?

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Submitted by Edward Revy on July 8, 2009 - 19:59.

Hi Nick,

"As soon as London session opens, measure the highest of the candle stick from Asia session and filter with 5pips"

Asia session lasts from 7 pm to 4 am Eastern time. So, you'll be looking at the highest price value among the candlesticks in that range and once found add 5 pips on top, which will be your entry point.

Please let me know if you have any further questions or need an additional interpretation.

Regards,
Edward

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Submitted by User on July 31, 2009 - 07:19.

Hi Oladayo

Your stratgey seems really interesting and I tried it for the first time today. Unfortunately I hit my SL of 40 pips. I hope this is only one of the 5% losses I will expereince in 7 months. BTW, did you gt he same result today?

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Submitted by User on December 27, 2009 - 05:43.

dayo add stochastic oscillator to your chart for divergence n momentum at the start of the London mkt. check december 3 2009 and you will note the divergence between the oscillator and price.thanks

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Submitted by User on February 8, 2010 - 08:41.

Socio ponga gráficos pa' entenderle mejor... Saludos

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Submitted by User on February 10, 2010 - 01:56.

Extremely bad results for the month of Nov 2009. Any good strategies that are suggested from this website? Thanks!

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Submitted by JL on March 10, 2010 - 21:42.

Hi Edward,

Thanks for the screenshot provided above. May I know are those 2 candles, 7pm and 4amEST included when we look for the highest point?

Thank you Edward!

JL


  
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