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Hello. I would like to share with you with my live daily signals. I'm a technical trader and using rather basic indicators in my trading toolbox. I've tried "millions of strategies" in all time frames and now I'm feeling comfortable only trading on 1 day chart (Position Trading) or 4H chart (Swing Trading).
The FX5 strategy that I'm going to share with you is really easy to follow. The rule is simple. I'll be posting my signals every day at around 10.00pm (London Time). You actually can't miss the trade as long as you'll be able to open, close or modify positions at that particular time of the day. That's it! It'll be simple "set the trade and forget it" for another 24 hours.
The Time Table (London Time):
Monday: 10.15pm
Tuesday: 10.15pm
Wednesday: 10.15pm
Thursday: 10.15pm
Friday: 9.15pm
Saturday: N/A
Sunday: 11.15pm
We are trading on 6 currency pairs: EURUSD, GBPUSD, USDCHF, USDJPY, GBPJPY and AUDUSD.
I'm trading this strategy for about 3 months with very good results. I've started a new demo account on Strategy Builder (27th August 2008) and from now on (17th September 2008) I'll be posting all entries on this forum.
Of course the signals are completely FREE and I hope you'll like it :-)
--------------------------- Meaning: ** - move Stop Loss (SL) or Take Profit (TP) to a new price level. !! - open NOW a new position (Short or Long) at the current market price (time of posting) and given SL.
thanks for the signals , did you consider contacting the administrator .... if you qualify as a signal provider , then he can provide you with the necessary means to send the signal live from your computer to other traders ... and if you decide to sell the signals you can make some extra cash on the side
Yes, I was considering this option. It would be much easier to just fire the trade in MT4 and not posting all positions on the forum. But anyway, I'll be still posting here - it's a good habit to all manual traders to write down all your trades by yourself.
I'm really glad that I can give something from myself for FREE to all traders that are still unsure about their strategy and need some kind of signals. This strategy is freaking boring - there are periods that almost nothing happening, there are periods with drawdown as well! It's not a 100% winner, but it's a winning strategy. What I like about position trading (1D Chart) is a peace and a clarity - there are PLENTY of time to analyse market and to make a decision. Emotions are not disturbing us as much as when we are trading on a smaller time frame.
Quote:
Originally Posted by MiniMe
Hi lokigfx,
thanks for the signals , did you consider contacting the administrator .... if you qualify as a signal provider , then he can provide you with the necessary means to send the signal live from your computer to other traders ... and if you decide to sell the signals you can make some extra cash on the side
--------------------------- Meaning: ** - move Stop Loss (SL) or Take Profit (TP) to a new price level. !! - open NOW a new position (Short or Long) at the current market price (time of posting) and given SL.
This strategy is freaking boring - What I like about position trading (1D Chart) is a peace and a clarity - there are PLENTY of time to analyse market and to make a decision.
Trading is a boring video game , still so many players !!
--------------------------- Meaning: ** - move Stop Loss (SL) or Take Profit (TP) to a new price level. !! - open NOW a new position (Short or Long) at the current market price (time of posting) and given SL.
Comment: There's a correction or end of the major trends on most of the currency pairs. We need to wait a bit before we enter another positions. We are waiting for the dust to settle.
--------------------------- Meaning: ** - move Stop Loss (SL) or Take Profit (TP) to a new price level. !! - open NOW a new position (Short or Long) at the current market price (time of posting) and given SL.
Comment: We've reached few supports/resistances now. Still no clear signal to enter on any of the above pairs. Starting from tomorrow I'll be giving you a hint for every pair - how close we are to a sell/buy signal. It'll help you to prepare for the next day. You'll know whether there's a possibility for opening a position or not.
--------------------------- Meaning: ** - move Stop Loss (SL) or Take Profit (TP) to a new price level. !! - open NOW a new position (Short or Long) at the current market price (time of posting) and given SL.
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