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Show me the money! [Daytrading] Need some trade ideas for today? Want to share your own intraday trade ideas? If you're the next Jerry Maguire and can show us the money then this thread is for you. Also, check out the School of Pipsology if you want to learn which timeframe you should trade in.

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  #31 (permalink)  
Old 10-04-2007, 04:44 AM
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Location: Johannesburg, South Africa
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Hey joanne and mastergunner99,

Nice posts.

Regards,

Dale.
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  #32 (permalink)  
Old 10-05-2007, 10:12 PM
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what is that? 30%?
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File Type: jpg scalp.jpg (34.3 KB, 32 views)
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  #33 (permalink)  
Old 10-06-2007, 09:29 PM
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I have completed another 2 weeks of demo trading. Results are; 125% profit on a $5000 demo account.

Pics:





On another note, I have decided to post some of my data charts that I have made for Forex. These may help some people out.

Main Period of FOREX Activity*

(GMT) 6:30 - 18:30

London Open*

(GTM) 8:00 - 17:00

News Releases: Country / Time GMT*

Great Britain: 6:00 - 10:00

United States: 12:30 - 14:30

* (- 8 for Local Time)(Based on "real" market data)(Movement occurs 30 minutes before and up to 60 minutes after a news release)

Forex Acitivity By Trading Day (GMT)

Sunday 6th (No point trading, only half length trading day)
Monday 3rd
Tuesday 1st
Wednesday 2nd
Thursday 4th
Friday 5th (However, some of the biggest news releases occure on this day)

Most Trade Currencies Most Traded Pairs** Spead (ACM $5000 account)

1. U.S. Dollar 1. EUR/USD 0.0003
2. E.U. Euro 2. USD/JPY 0.03
3. Japanese Yen 3. GBP/USD 0.0003
4. U.K. Pound Sterling 4. USD/CHF 0.0003
5. Swiss Frank 5. USD/CAD 0.0004
6. Australian Dollar 6. AUD/USD 0.0003
7. Canadian Dollar 7. NZD/USD 0.0004
8. New Zealand Dollar

** No Cross Currency pairs were listed.

Pair Pip Value*** Lot Value*** Ratio*** (ACM $5000 account)

1. EUR/USD $10.00 $1330 0.00752
2. USD/JPY $8.13 $1000 0.00813
3. GBP/USD $10.00 $1970 0.00508 (Lowest Risk)(Lowest Profit)(Main Trading Pair)
4. USD/CHF $8.03 $1000 0.00803
5. USD/CAD $9.38 $1000 0.00938
6. AUD/USD $10.00 $837 0.01195
7. NZD/USD $10.00 $753 0.01328 (Highest Risk)(Highest Profit)

*** Calculated based on market value on 14/6/07.

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

My Indicators Setup:

2 Equal sized charts: 200 units of 1 minute Candlesticks.
1 Small Chart: 5 minute Candlesticks.

Chart 1: Price - (Live)
Candlestick - (Red and green)
Pivot Points - ((H+L+C)/3) (Red and green)
6 EMA - (3,5,8,13,21,34) (Purple, Blue, Green, Yellow, Orange, Red)
MACD - (12,26,9) (Red and Green)
Directional Movement - (14) (Red, black, green)

Chart 2: Price - (Live)
Candlestick - (Red and green)
Pivot Points - ((H+L+C)/3) (Red and green)
B-band - (20,2) (Purple)
RSI - (14) (70,30) (Red and Green)
Stocastic - (14,3,5) (80,20) (Red and Green)

Chart 3: Price (Live)
Candlesticks (Red and Green)
Fibbonachi (00.0, 23.6, 38.2, 50.0, 61.8, 100.0)
RSI (14) (70,30) (Red and Green)

Last edited by Forex4fun; 10-06-2007 at 09:36 PM.
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  #34 (permalink)  
Old 10-06-2007, 10:38 PM
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hi forexforfun

just passing through

What time frame chart is that? that is the gbp/usd?
what time from beginning to end
when did that occur.
looking at my charts dont see that
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  #35 (permalink)  
Old 10-06-2007, 10:42 PM
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i think i found it on the minute time frame

your system is based on a minute time frame?
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  #36 (permalink)  
Old 10-06-2007, 10:43 PM
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Quote:
Originally Posted by m1234 View Post
What time frame chart is that? that is the gbp/usd?
what time from beginning to end
when did that occur.
looking at my charts dont see that
It on the 1m chart.
Yes its the GBP/USD.
14:30 - 14:52 GMT
At 14:30 when the news release of USA nonfarm employment change was released, and was better then expected.

Last edited by Forex4fun; 10-06-2007 at 10:50 PM.
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  #37 (permalink)  
Old 10-06-2007, 10:49 PM
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how does your system actually work.

what do you look for?
you only trade the news



trading the news can be dangerous
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  #38 (permalink)  
Old 10-06-2007, 10:53 PM
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I "mostly" trade news event. I wait for the news release to occure and a jump on the trend. The hard part is knowing when it will pause, stop, reverese, etc, but I have mostly figuered it out. Another important part is that news event (atleast the important ones) follow multiple waves, catching then on the rise and fall is how I make my profits. Most of the time there are only 2 big waves, so 4 trading chances.

Trading the news like this is only problematic when the spreads slip and the delays get out too much out of sync. My account provide keeps the spreads locked so I dont have this problem.

Last edited by Forex4fun; 10-06-2007 at 10:56 PM.
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  #39 (permalink)  
Old 10-06-2007, 10:54 PM
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thanks for your reply


can you post your actual transactions instead of profits gained.

which shows actual buy and sell price and times
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  #40 (permalink)  
Old 10-06-2007, 10:58 PM
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I dont keep records of actual transactions, there is no need to. But I can go on my account now and take a picture of them seeing that they are still on record. Ill be back in about 5 mins with the results.
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