Amazing Crossover System - 100+ pips per day! - Page 2
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Thread: Amazing Crossover System - 100+ pips per day!

  1. #11
    ForexPhantom is offline Senior Member
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    Default Potential Trade Forming -- GBP/USD

    Greetings,

    Keep your eye on the GBP/USD as there is a potential trade setting up.

    Be cautious though!!

    The EMA's look like they may cross, but the RSI and MACD show no signs of playing ball.

    Something to watch for!

    -ForexPhantom-
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  2. #12
    ForexPhantom is offline Senior Member
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    Default Sold USD/CHF @ 1.1727

    Greetings,

    I've just sold the USD/CHF @ 1.1727.

    S/L = 75 pips
    T/P = 50 pips

    Lot Size = .1


    The EMA's crossed slightly and the RSI crossed. MACD reversed and is crossing, also.

    Time to grab lunch and see if my trade will go anywhere when I return.

    Thanks,

    -ForexPhantom-
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  3. #13
    ForexPhantom is offline Senior Member
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    Default Excellent!

    Greetings,

    Just a quick update. I've returned from lunch to find that my trade has moved +20 pips in my favor!

    I've adjusted my stop/loss so that I'm guaranteed +5 pips.

    I'm now not risking ANY of my own capital and simply riding the train.

    I'm a little under halfway to my T/P target and it's been about an hour since I first placed the order.

    I'll keep you posted!

    Also, please note that I am avoiding (right now) placing multiple orders at once.

    Thus, I am not watching any of the other charts at this moment in time.

    -ForexPhantom-
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  4. #14
    ForexPhantom is offline Senior Member
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    Default Two Lucrative Trades Forming

    Greetings,

    I just happened to glance at both the EUR/USD and GBP/USD charts.

    Two lucrative trades are currently forming. I'm going to have to restrain myself from jumping into them!

    -ForexPhantom-
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  5. #15
    ForexPhantom is offline Senior Member
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    Default Two things

    Hello everyone,

    Two things:

    1. The USD/CHF trade that I placed experienced some retracement. I was trailing my S/L a bit and it ended up being hit. I gained +32 pips.

    ----------------------------
    ACCOUNT STATISTICS:

    Starting Balance: 1,000
    Current Balance: 1,077
    Total Pips Earned: +82
    Number of Trades: 2
    Equity Change: 7.7%

    -----------------------------

    2. Watch out for repulsion on the EUR/USD and the GBP/USD.

    I'll be testing this system for quite some time.

    If anyone has any thoughts or questions, please post.

    Thanks,

    -ForexPhantom-

  6. #16
    richrichie's Avatar
    richrichie is offline Newbie
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    Hello ForexPhantom

    I see the gbp and eur cross have maybe frizzeled out

    Thanks for sharing your system, Have you tested it on a daily charts yet?

  7. #17
    ForexPhantom is offline Senior Member
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    Quote Originally Posted by richrichie View Post
    Hello ForexPhantom

    I see the gbp and eur cross have maybe frizzeled out

    Thanks for sharing your system, Have you tested it on a daily charts yet?
    Greetings,

    Thanks for your comment. Indeed, those two trades seemed to have vanished before our eyes. Luckily we didn't enter due to our assumptions or else we would have been swiftly punished.

    I have only just begun to test this system using the hourly chart. It would seem to work very well on both the 4 HOUR and Daily charts, just by glancing at it.

    Of course, playing with bigger time charts means you need to adjust your S/L and T/P.

    The average pip movement on the 4 HR and Daily charts seems to be in the 200 - 1500 range!! That's incredible, certainly.

    While that initially gives me a very warm and fuzzy feeling all over, you have to be wary about certain things. First, the S/L is gonna need to allow for more cushioning, naturally. This means you may be risking too much of your account on one trade. Of course, you can opt to not set a S/L, use a small lot size, and hope for the best.

    Also, don't forget about swap charges. If you are gonna trade the daily chart, you may be holding a position for weeks. That can add up quickly if it's a negative swap pair.

    I think experimentation would provide us with our answer. I certainly like the appeal of placing a half a dozen trades per month and banking in thousands of pips with little effort.

    In short, I'm not sure. I urge you to test this out for all of us. You may indeed find that the 4 HOUR or Daily charts are better.

    Thanks for your great question.

    -ForexPhantom-

  8. #18
    ForexPhantom is offline Senior Member
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    Quote Originally Posted by ForexPhantom View Post
    I think experimentation would provide us with our answer. I certainly like the appeal of placing a half a dozen trades per month and banking in thousands of pips with little effort.

    In short, I'm not sure. I urge you to test this out for all of us. You may indeed find that the 4 HOUR or Daily charts are better.

    Thanks for your great question.

    -ForexPhantom-
    I forgot to mention that this largely depends on your trading style, as well.

    Some people abhor the idea of sitting in front of the charts all day, while others love to be trading "in the moment".

    It's a matter of personal taste.

    I like to watch the markets unfold. I don't like the idea of placing a trade and letting it sit for an extended period of time with no supervision.

    Take care,

    -ForexPhantom-

  9. #19
    ForexPhantom is offline Senior Member
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    Default Forex vs. Stock Market

    Greetings,

    Let me start with a simple question: Do you like paying bills every month?

    I certainly don't. I'd be willing to bet that you don't either. Nobody does. That is your hard earned money going off in 20 different directions. The worst part of all is that it's usually for necessities -- things in life you couldn't go without, such as gas, electricity, etc. The funny thing about that is that nobody appreciates those commodities. How many of you wake up each morning, flip the light switch, and feel truly blessed because you've got a running current into your home??

    My point is that bills pile up quickly each month regardless of whether or not you even enjoy or appreciate the services you are paying for. That is, of course, until they are taken away from you (such as when the electric goes out temporarily due to a storm).

    When we go out to eat or buy a new plasma TV, we feel an immediate reward. Our money seems to be well spent. We get satisfaction out of things like food and entertainment. Bills are just sort of there....staring back at you in that mundane fashion.

    I'm digressing.

    This post is about how you can play the Forex game very conservatively, with very little risk to you, and still manage to earn enough income to pay most of your bills each month.

    Think of this as simply free money that can go towards your phone bill, cable, internet, electric, etc.

    We all know that the Forex market is the most liquid and profitable market in the world. The stock market cannot compare with the Forex market in this realm. Look below:

    Typical YEARLY gains in the stock market range from 8 - 14% (give or take).
    With Forex, you could make DOUBLE that rate of return MONTHLY.

    Many claim that Forex is too risky. Not necessarily true! It can be very volatile, but that volatility dissipates as you use the larger time frames. In economic times like these, I have more confidence in the forex market than the stock market, personally.

    Anyways, back to paying your bills!

    The idea could simply be this:

    Set up a special Forex account with $1,000. The goal of this account will be to earn you around $1,000 - $3,000 dollars / MONTH, with very little risk.

    Use the AMAZING CROSSOVER SYSTEM posted here.
    Use the 1 HR time frame.
    Trade with a .1 lot size.
    Aim for 50 - 100 pips with each trade.
    S/L should be 50 - 100 pips.
    Trade 1 - 2 pairs daily.

    This system is very accurate and will produce a lot of winners with few losers.

    Even if you have a loser, it is highly unlikely that any trade will turn on you by 750+ pips!! The S/L will protect you from that, but even that should not be hit often.

    If you can place 1 - 2 trades daily and each trade can make you 50 - 100 pips, you will be averaging 1,000 - 2,000 pips monthly.

    That translates into an extra $1,000 - $2,000 extra in your pocket with very little risk.

    As your account grows, you can slightly increase your lot size. Or you may choose to just aim for a few thousand dollars a month to JUST PAY YOUR BILLS.

    This would also be a nice way to eliminate debt.

    Just a nice simple conservative trading account to help you each month.

    Just a thought!

    -ForexPhantom-
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  10. #20
    ForexPhantom is offline Senior Member
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    Default Cat and Mouse

    Greetings everyone,

    The EUR/USD and GBP/USD are playing cat and mouse with us.

    They have been toying with the notion of making a crossover for quite some time now.

    I'm a little worried because it's near the end of the business day and we all know that Friday is a crazy day for Forex!!

    See the charts below.

    Any insight is welcome.

    -ForexPhantom-
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