Complex trading system #18 (SlingShot 30M)
Submitted by User on May 31, 2011 - 07:00.
Submitted by Charlie Johnson
I wanted to share something with you and was hoping you might post it somehow, I would love to get some feed back on it. First the the entry is articulated on a youtube video called "the sling shot trade" posted by user "forexautoscalper". This is a shot video and i hope that you will watch it Please. This is the entry for the strategy. This guy says it much clearer than i possibly could in an email.
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What good " sistem " are you referring to ?
Mc Kinley again ?
Brian
I think is good sistem...
Since when did this become a Forum about roulette ?
What ? oh ....... never mind .
Brian
No , User , not McKinley , or under any other name. Keep " digging " , though . It is there .
,
Brien
Brian is correct. I beat roulette consistently , and have almost abandoned Forex . Do a thorough Google, Yahoo or Dog Dirt search. Beware though, 99.9 % of the several hundred systems out there are scams . Just keep digging.
George
Brian, you probably mean the McKinley Roulette system, but he always changes his name. It's a scam, beware.
Nobody can beat roulette. The casinos always win .
Any comments ?
Paul
I found a system that actually " beats " Roulette , online !
Screw Forex trading .
Brian
Paul , Suzanne and i were talking about Binary Options , where you only need a ONE PIP move up or down .
George
Hello Suzanne,
f. e. Betonmarkets offers two types of bets for shortterm trading: higher/lower, and rise/fall. For applying Slingshot, would you chose just a rise/fall bet when the entry bar reverses to the opening price after touching the close of the setup bar?
Or would you use the higher/lower option, which also gives us the possibility to define a "barrier": this could be the distance between opening price and low of the entry bar (in case we go long), lets say 10 pips. We win the bet only if the exit price (after the chosen time frame, lets say 30min) is 10 pips higher than the entry price. This is riskier, but the bet is cheaper.
What do you think?
User-
I have no idea what you mean ! Language problem , perhaps ?
Suzanne
Dangerous trading style. many 30 min candels are in that entry region and then reverses with the trend.
Attention , all you critics of the Slingshot ................... George , 6-2 and Paul , 6-9 are both correct !
Use the " Sling " on BINARY OPTIONS . Then , you will NOT need the rule about requiring the opening price of the next bar ( after the setup bar )
penetrating the lows or highs of the setup bars. Also, with Binaries , you do NOT have to use Stop Losses OR Targets, because Binary Options
have expiration times. Also , you can never lose more than your investment in a specific trade .
AND, another advantage is , you only need a ONE PIP move up ( for a CALL ) , or down ( for a PUT ) to have a profit. This is easily attainable
with the Slingshot .
Suzanne
See my recent post . On the Bollinger , to clarify , use a 20 bar moving average of the close at 2 standard deviations .
Fraser
Hey....all
Forget the " Sling " . Instead , go to -
tradinglib.com/patterns/gimmee-bars
U need the default Bollinger Bands , and use the " gimmee " only in sideways markets .
Fraser
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