Forex group trading

Hello all

I would like to share my strategy with a group of traders, I have no intention of charging anything, but for me to keep it under control I am only looking for a handful of traders.

My system is simple, using multiple time frames. One can make a success with most systems, the problem is NOT the system but ones own mind set and money management.:o

Trading in a group will eliminate us from placing silly trades that we do from being bored or what ever the reasons are that make us trade silly trades:rolleyes:

The strategy works on all pairs and has a high success rate, thats when sticking to the correct rules that is. :eek:

One more thing, please you must have some knowledge of trading. :wink:


This sound nice but how good is your trading knowledge again lol…i must ask this in case you make unwise decision in trading it can hurts :smiley:

Hi frontier2002

Knowledge of my strategy is good, discipline of keeping to the rules when no setups are happening and deviating to other types of trading, NOT SO GOOD:D

Trading in my opinion is like an athlete, he has to have discipline and with stand pain.

Like iv said, allot of strategies work, but when we have a loss we tend to want to try a different strategy, so we going round and round in circles.

All im doing here is having a group of guys trading the same strategy, looking for the same setup. Its nice to be the one to find a setup first, :smiley:

That’s the point getting people to share the same knowledge in forex is simply very difficult. Not all people learning the same thing and in order to adjust ourselves to certain strategies in takes time (usually very long time).

However if you have similarities with me count me in. I am working on my long-time analysis of the following

  1. Multiple Time frames
  2. MACD
  3. Slow Stochastic
  4. Bollinger Bands
  5. Candlestick Counting
  6. Price Actions.

So which one are you familiar with? :slight_smile: Otherwise we have completely different set of indicators then it can be very difficult to put our knowledge together as one.

Yes, you are correct.

If you using a strategy already and its working for you, there is NO need to change it. Im not saying my strategy is the best. What i am saying is, if one does not have a strategy, and would like one that uses, multiple time frames, trendlines, support and resistance and price action then we could trade it as a group.

The only indicator i use is a rainbow of EMAs, using it on multiple time frames together with the others i mentioned has a very high success rate.

Ok let’s do it…which pair we going to start i like GBP-USD

Hi

Its strange how people want to learn how to trade, but when someone offers to help it seems nobody is interested.

I am going to try this once more, if anyone is interested let me know.

Cheers Cooldude

P.S. I am managing on average 15-20 return per month on capital. Doesnt sound like much, but do the maths.

Hello again

One of the trades I made, once you in the group I will explain how and why I place trades


hey cooldude I am interested since those are the types of things I am looking at , a ribbon of MAs and support / resitance.
From that picture, looks like you are using fractal also ?

Hi TalonD

I do place fractals, but by no means do i base my trades with them.

I Use Bollingerbands, Rainbow EMAs, Multiple time frames, inside bar, candle formation.

Its a simple approach.


What pairs and what time do you trade during the day/night?

cooldude you might want to check out this thread. We’ve been using bollingers, moving averages, support resistance. various moving averages including my red multiples and RCarter’s recently introduced ribbon.

http://forums.babypips.com/newbie-island/29084-bollinger-band-trading-mas.html

Hello again

Thanks TalonD, I had a look at the thread. That strategy is similar to mine, but I always trade in the bigger time frame direction, and wait for a buck of trend to enter a trade.

Hi Rykookyr, one can use any pair for this strategy, I use it for forex, indices and commodities.

Its all about finding a pair that is bucking the trend, using Bollinger bands, and candles formation ect.

Guys, send me a private message if you want more info. I only want to trade with a hand full of guys and im giving away too much already.

Cheers Cooldude

It’s not that people aren’t interested, it’s that when people offer help the way you are it’s usually scam or a person selling something.

I’m not accusing you of doing that, I’m just telling you why you don’t have many takers. Most people around here prefer to talk about their trading on the forums instead of in PMs.

Anyone who insists on only talking in private is usually suspect around here, plus you have less than 50 posts so you can’t even use PMs yet… :slight_smile:

Now I remember you. :57: