Forex trading strategy #8 (Teodosi's simple system)
Submitted by User on September 20, 2007 - 04:59.
This Forex system was sent us by Teodosi.
We are proud to have such users willing to share their thoughts,
ideas and systems so that others can learn and trade Forex even more successfully!
Thank you, Teodosi! Your contribution is greatly appreciated!
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"Hello guys i`ve been using one very profitable system and i want to share
it with all of you. If anyone has any suggestion i`m open to hear something
new to add in it.
This is my system.
I use 1h chart on GBP/JPY with Stoch(5,3,3) and RSI(7). My idea is this ...
Read entire post >>>
@JL
I think that question has been answered already as I've been through all pages too LOL.
The indicators can already have left the area but they should have registered there. That means you see a top in the area, then a slope in the opposite direction.
My gut feeling tells me it's even a stronger indication that a trend is reversing.
Frederic
Hi Frederic, thanks a lot for your clarifications!
Do you happen to use this strategy on GBP/USD or GBP/JPY pair? How's it so far?
I'm trying to test it in these 2 pairs and see how it works.
JL
Hi JL,
I've been demo-trading it since Januari 19th with fairly good results, however the last 2 weeks weren't good. The GBP/JPY pair was very chaotic and many false entry signals have stopped me out. I only trade that pair for my journal.
I've occasionaly tried other pairs with this system but I have noticed an interesting fact: many pairs seem to somewhat behave in tandem. With other words when GBP/JPY pair profitted then all other trades profited too. And vice-versa. So IMHO it appears that increasing lot size on one pair or spreading lots over a few pairs has the same amount of risk. Then again I did not systematically apply this system on many pairs so maybe it was a coincidence.
Frederic
Thank you, Frederic.
It's great to have such support.
Happy trading!
Edward
I find it helpful to use bollinger bands and look for gimme candles signaling reversals...
Hello fellow traders! I have been following this strategy since its very first explanation and have to say that it looks very attractive. I would also like to thank not only the author of this strategy but also the creators of this website. Thank you Edward! If only there were more traders like you, we would live in a better trading world. Anyways I know that it must be getting boring to always hear the same comments but believe I have no words that can express what I feel. Other than those that have already been said to express ones gratitude for your kind help.
To continue I was wondering what happened to PNA's EA TSV02.mq4...Did you continue testing it Edward? I remember PNA saying he was planning on providing new versions but I haven't seen a third update of the EA as of yet. Well anyhow, I would like to know where we stand with with the EA implementation.
Thank you all for your time!
By the way: I created an account in FSR forum website, but is there someplace where we can login on this website? I prefer people calling me by my username rather than ''user''.
Hi,
the FSR Forum login is not compatible with the strategies website, we're sorry.
Simply sign your comment in the end, and we'll know how to call you.
Cheers,
Thomas (mod)
You're right Thomas! Well my username is Forexchampion..better than User lol.
Cheers mate!
By the way do you happen to know the answer to my previous question? Thank you for your time Thomas.
Best Regards,
Forexchampion
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