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!
------------------------------------------------------------------------------------------------
"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 >>>
Hi Edward
I wish I could direct my questions to Teodosi. I see that he made this post in September 2007 but I do not see any follow up responses from him. Almost a year later, I would really like to know how well his system has been keeping up with the market. Is he still able to maintain an average weekly profit of 1500 pips?
Only last month I started a blog wherein I post my trade for trade results dating back to January 2008. I also trade on an hourly basis and I trade the EUR/USD pair. I have a monthly target of about 50 pips in order to realise my five year goal. I do not want to disrespect you by posting my blogging address and I would understand it if you screened it. My address is www.gladlefx.com.
Having seen the post by Teodosi, you can imagine how dejected I must feel. On the other hand I am also encouraged to see that people out there share my mentality of sharing for the sake of goodwill. I would ditch my trading system like a bad habit if i could be convinced that Teodosi's system works consistently because even on a good month I do not come anywhere close to 1500 pips, and he does it in one week.
It is only fair therefore that I would want to know about the consistency of his winnings. Has he made any other posts since this post? Can I see his results since then? This is not a challenge, it is a simple request. If his system works consistently, it can only serve to boost his reputation.
Dean Gadle
Hi Dean,
1500 a week is an extremely high target. It can only be achievable when market is willing to "cooperate" by providing one opportunity after another. Still, this result is plausible, considering that GBP/JPY pair produces wide daily ranges. Adding on top few more pairs: such as USD/JPY, EUR/JPY and(or) AUD/JPY can produce additional profits.
Nothing known, however, about the consistency of strategy performance, so it is a subject to test.
It is true, we haven't seen comments from Teodosi for a long time, we can do nothing but wait; he didn't publish his email for contacts.
Good luck and happy trading!
Edward
P.S. I saw your blog. It is a nice alive story of the journey of a trader. I'm going to revive the link to it.
Update: sadly the link no longer works...
Hi Edward
It is humbling for me to hear that you have actually taken the time to visit my website and that you have good things to say about it, as new as it is.
I have been collecting data for the GBP/USD, USD/CHF and USD/JPY pairs in order to have bigger samples for back-testing. My current strategy for EUR/USD does not work exactly the same for these currency pairs due to different levels of volatility and liquidity. I am looking at other strategies such as displayed in your site to find the best fit for each currency pair.
Your due dilligence in maintaining your site is admirable and it makes me only want to work harder.
Looking forward to a healthy and prolonged relationship.
Regards
Dean Gladle.
yet to test it. thanks for sharing
Hi guys,
I started testing this, and it looks promising. It can catch large moves very early. Please see a sample of my testing from today.
Good luck!
Regards,
Marius
Hi everybody,
2 trades today(EURJPY and GBPJPY), one is currently at +54 pips, the other one at +39.
This strategy works fine so far. Thanks mr. Teodosi!
Regards,
Marius
Hi guys,
Anyone else testing this?
Any solid rules for S/L and T/P?
Regards,
Marius
Started testing it too recently.
Denny
Post new comment