Get profits from my strategy I found this on the hourly chart of aud/jpy.

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Originally Posted by naziafarhan

Just do the arithmetic by yourself to determine the number pips which can be earn from this method,see the chart bellow the yellow rectangular area, the 1st one and the second one
http://i44.tinypic.com/n6w5e1.gif
the method speaks for itself,you only need to new when it is overbought, that is whenever prior is exceeded by new high then know that reversal will be massive ,especially if the reversal is forming a cup shape or V shape turn upside down notice how it went down in each case

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may i ask you ? how do we know the price is overbought or oversold ? do you use any indicators that we know the pair is overbought or oversold ?
i don't understand with your strategy, can you give more explanation about it so i can use your technique to get profits in forex ? is it used only pair aud/jpy ?

Quote:

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Originally Posted by naziafarhan

Just do the arithmetic by yourself to determine the number pips which can be earn from this method,see the chart bellow the yellow rectangular area, the 1st one and the second one
http://i44.tinypic.com/n6w5e1.gif
the method speaks for itself,you only need to new when it is overbought, that is whenever prior is exceeded by new high then know that reversal will be massive ,especially if the reversal is forming a cup shape or V shape turn upside down notice how it went down in each case

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Please dont do anything based on this system on any live account. I really wanted to know your comments about this system. And Do you think that it is a good decision in an upward moving market??

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Originally Posted by naziafarhan

Just do the arithmetic by yourself to determine the number pips which can be earn from this method,see the chart bellow the yellow rectangular area, the 1st one and the second one
http://i44.tinypic.com/n6w5e1.gif
the method speaks for itself,you only need to new when it is overbought, that is whenever prior is exceeded by new high then know that reversal will be massive ,especially if the reversal is forming a cup shape or V shape turn upside down notice how it went down in each case

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Just wondering what time frame is this chart? Is this 4H? Its good to see that its has good support and resistance level. But just wondering how much is the daily volatility of this pair and how much is the spread of this pair. I just want to have a clearer picture on the approach we can use in this strategy. Because I want to apply this strategy not only in this pair but in other pairs as well.

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Originally Posted by pickmurari

statergy looks good. need more clarity on how to relate this chart with trading system for a newbie. If some one could also let me know what a swing trader is could help me on identifying the different kinds of currency traders. I am trying to relate and understand the charts and how to relate them to the trading and make profit

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indeed sir, we run inside trading, we do not just run itself, but we need someone with more experience in the field tradig to teach us. well we learned directly or through the forum with senior traders who already have experience and ketrampian in the trading business.

The prolem is it looks like you have only got 6 months history. If you mean you are buying under the previous low, and selling over the previous high, you will only have gotten 2 trades in 6 months which is not enough to test a strategy. I would like you to define your strategy more as well.

nice strategy and would really like to try it out in the next trading that I do. A little more details could really help us. As others have posted here, details or indicators would help us to determine the strategy and using it

ok thanks for sharing and it seems good but i think when news come out this strategy will not work because before news we can't think in which direction trend will go..and also we can use combination of other indicators also instead of just stochastic for overbought and oversold..thanks..

ge bhai mene khud bhi aaj tk aud/jpy ko track nhi kia me khud bhi usd wale symbols ko track krta hu is liye ke un ki market value ups and down hoti rehti hai.

You really have been very informative on this post. I thank you for that. Could you please tell us how to make this work on eur-usd? That will be really helpful for us. I am looking forward to hearing from you soon.

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Originally Posted by naziafarhan

I wrote that do the arithmetic by yourself. And you have to become aware about a pair when you trade. So you have to know that when this pair is overbought. Its all about market sentiment. Which can not be measured at all. But If once can understood then these types of moves can be caught.

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you have not used all indicators here and how we will know the market overbought and oversold? and I still get the problem to get an understanding about the strategy, and that you just used the time an H or 4 H and can be intraday