this week's probable trades

getoverit · #1 12-01-2008, 09:01 AM

I'm not that heartless so I have some possible trades that may come up this week.

AUD/USD SELL @ .6758 T/P @ .6681 S/L @ .6808
CHF/JPY BUY @ 77.18 T/P @ 79.50 S/L @ 76.24
EUR/AUD BUY @ 1.8284 T/P @ 1.9168 S/L @ 1.8200
EUR/USD BUY @ 1.2644 T/P @ 1.2929 S/L @ 1.2554
NZD/USD BUY @ .5544 T/P @ .5707 S/L @ .5442
USD/CAD SELL @ 1.2213 T/P @ 1.1723 S/L @ 1.2376

Alibubble · #2 12-02-2008, 07:14 PM

What is your reasoning behind these being good trades?

Just wondering because although it is nice that you are sharing these with us, it would be even nicer to know why these are good trades to make.

getoverit · #3 12-06-2008, 11:07 AM

Quote:

Originally Posted by Alibubble

What is your reasoning behind these being good trades?

Just wondering because although it is nice that you are sharing these with us, it would be even nicer to know why these are good trades to make.

I use a technical system for these which I choose not to explain.
However 3 of these never opened and the two that did are in total - 21 pips as of now. So this week is over and these are no longer good trades to make.
I will have 3 trades for this week that you can use effectively. Just do exactly as I tell you on these and they should carry you through the month with good pips. There will be some drawdown so use no more than 2% of your margin on these. Warning: I have no stop/loss on these as it would be detrimental to this system!

getoverit · #4 12-06-2008, 11:21 AM

OKay this is a completely new way of trading I have stumbled upon during my research of my charts. Just follow the directions on your practice account.

AUD/USD This pair is in a counter trend so you wil be buying and selling this everytime a daily candle closes above or below the price I give you.

Buy when candle closes below .6547 and sell when candle closes above .6457
Make sure candle is closed for the day and either above or below this price before closing for profit or opening next trade!

This rule will be the same with these next two pairs.

EUR/USD buy below 1.2775 and sell above that price once candle is closed above it or below it.

NZD/USD buy below .5400 and sell above .5400
This is very simple and this price is only good for this month. Each month the buy/sell price may be different. You should gwt an average of 6 trades a month and around 500 pips.
As I said there will deffinitely be drawdowns so manage your money well with only maybe 1/10th of a lot on each trade. I had a high of a 415 pip drawdown on one trade before it reached up and closed for +73 pips

Most of the time I get no more than a 150 pip drawdown.
To do this system you must have some guts, no emotion at all and totally believe the trade will end in profit. However I wouldn't let any trade go beyond -200 pips as a rule. Good Luck

fxtrendline · #5 12-07-2008, 12:47 AM

great what about gbp/usd ?

getoverit · #6 12-07-2008, 10:41 AM

Quote:

Originally Posted by fxtrendline

great what about gbp/usd ?

This pair is still considered a down trend at the moment but looks like it may be starting to counter trend so I have 2 possible trades, one for the down trend if it continues and another if in fact it decides to go counter trend.

1) sell and t/p @ 1.4202 s/l @ 1.4890
2) buy when candle is closed below 1.5016 and sell when candle closes above 1.5016 ( if this trade happens then continue with this process till a new trend is set up.)

getoverit · #7 12-07-2008, 10:46 AM

Above where I quoted a minimum of 6 trades using these prices for a month, I mean 6 trades per pair in a month. So those 3 trades should collect over 400 pips each during this time span.

This mathmatical system is one of my own and not one of those in my signature. I'm currently trying to get it created as an EA but for now it can only be used with pairs that are going sideways or "counter trending" I'm working on a way to do the up and down trends.

getoverit · #8 12-10-2008, 10:15 AM

update on the three recent trades:

AUD/USD bought @ .6478 T/P @ .6484 +106
sold @ .6484 price is .6573 +11 to date

EUR/USD Bought @ 1.2774 T/P @ 1.2870 +96
Sold @ 1.2870 price is 1.2939 -69 to date

NZD/USD Bought @ .5349 T/P @ .5477 +128
Sold @ .5477 price is .5436 +41 to date

getoverit · #9 12-10-2008, 10:17 AM

So we captured 243 and are currently at -17 over all with 2nd round of trades

getoverit · #10 12-10-2008, 10:21 AM

The buy prices were at Monday's opening prices at midnight EST 00:01