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Thread: Here's How I do it on GBPUSD Pair!

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    In Profit Goldenfx's Avatar
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    Lightbulb Here's How I do it on GBPUSD Pair!

    Hello everyone, I'm very new with this forum but I want to share my strategy on how I trade the GBPUSD pair. All these informations are based on my own reading of the chart at the opening day of that pair. Use them at your own risk. BTW, I will not promise a very high return on this pair, but I will just put here how I trade everyday.

    Let's begin..

    13 AUGUST 2007

    BUY STOP ORDER 2.0230 TP @ 2.0260 SL @ 2.025. Once TP hit, Open again BUY LIMIT order @ 2.0235 TP @ 2.0287 SL @ 2.0210.

    Let's get the pips...

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    I didnt understand the strategy

    and what chart do you use the 4hour chart

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    I am using Daily, 4HR and 1 HR charts, Daily chart is use to know the opening candlem, 4HR for trend confirmation, and 1HR for the trigger. As of today, my open position almost hit TP (only 3 pips more) but the price reverse and got stopped out. Bad trade today. But there is always tomorrow...

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    how about now is the gbpusd getting down or will go to 2.0000 again

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    Look at the following charts.. Here's how I read it.

    First I look at the daily chart below. As we can see, the stochastics is preparing to go up. The price is already hit the lower Bollinger Bands. Will it go up? Look at the arrow..


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    The second part is looking at the 4HR chart.

    As we can see here, the price is starting to go up together with the MACD signaling upward movement. There is also a dot (braintrend2signal) appeared which signals upwards. Take a look on the next pix...


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    ANd here's the third part in which I decided to go BUY. Try to analyze it yourself. But don't trust me, I maybe wrong with my analysis unless an expert here will tell that I am right and on the correct path. What can you say... sm_rolleye



    Two GOLD arrows indicated are the signals in which we can BUY and go LONG with 35 pips trailing stop. I hope these procedures help us all. You can also look on th GPBJPY to see an almost similar set-up.

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    ok thats all mean the gbpusd is going up

    would you give me a signal

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    Next week, the GBP will move in consolidation while waiting for the end of the month. I suggest, get some scalping technique targeting just 10 - 20 pips only per trade for next week.

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    Quote Originally Posted by Goldenfx View Post
    get some scalping technique targeting just 10 - 20 pips only per trade for next week.
    why

    I suggest to take from gbpusd at least 500 pips in all

    this week

    see this chart

    ******

    1 hour chart

    it went just on friday 340 pips

    I thinks this week well get at least 500 pips
    Last edited by FXOpen Manager; 11-27-2007 at 02:37 PM. Reason: Next time will bann for this kind of link

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    500 pips? If you got the right entry on every swings, that is achievable... but no body is perfect.

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    hi,
    may you explain your strategy, please?

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    500 pips sound more then enough for a week, as most common system promise only 300-500 pip for a month. I get curious about that , too
    "Strategy without action is just dreaming, action without strategy is nightmare" Japan proverb

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    Quote Originally Posted by MRSaad View Post
    why

    I suggest to take from gbpusd at least 500 pips in all

    this week

    see this chart


    1 hour chart

    it went just on friday 340 pips

    I thinks this week well get at least 500 pips
    Can you share how you predict this 500 pips? Is there a good set-up going on right now?

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    yeah...yeah...yeah...me too, want the siganl... give us some insight..

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