Sniper Forex System
- Thread starter stevespray
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France and Germany both announce an increase in GDP, declaring that their recession has ended. Uk still firmly in recession, but the Euro weakens, while the pound gets stronger ($ weakens all round)
If defies belief that the Euro will weaken further against the pound but we live in strange times !
forexkunta
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Hey guys,
I have been reading the last 10 pages of post or so. On one page someone posted hesitancy on the GJ pair. I have been trading this pair for the last week and of the 421 pips profit this week, 412 have been on GJ. I have about decided to trade this pair exclusively at this point. At the time of this post I also have about 60pips profit running and growing. I also use Elliot Wave theory with Sniper and this pair seems present the best waves for analysis with EW. I start trading the last couple of hrs of ASIA through London, and usually close around 18gmt, although today is a little outside of those times. Just my 2 pips.
Kent
I have been reading the last 10 pages of post or so. On one page someone posted hesitancy on the GJ pair. I have been trading this pair for the last week and of the 421 pips profit this week, 412 have been on GJ. I have about decided to trade this pair exclusively at this point. At the time of this post I also have about 60pips profit running and growing. I also use Elliot Wave theory with Sniper and this pair seems present the best waves for analysis with EW. I start trading the last couple of hrs of ASIA through London, and usually close around 18gmt, although today is a little outside of those times. Just my 2 pips.
Kent
greenfield
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Hello Kent,
Thanks for that. I've been trading cable using Sniper since April. I'm quite happy with the way that it works. Over the last 5-6 weeks, I've been looking at other pairs to see if I can trade one or more pairs as well.
Out of all the pairs I've looked at, GBP/JPY came out with the best results. But I haven't got round to actually start trading this. I'd be interested to know if you trade on the I hour time frame. I've looked at the 30 min TF and the results look good (albeit over a very short period).
Anyway, thanks,
Thanks for that. I've been trading cable using Sniper since April. I'm quite happy with the way that it works. Over the last 5-6 weeks, I've been looking at other pairs to see if I can trade one or more pairs as well.
Out of all the pairs I've looked at, GBP/JPY came out with the best results. But I haven't got round to actually start trading this. I'd be interested to know if you trade on the I hour time frame. I've looked at the 30 min TF and the results look good (albeit over a very short period).
Anyway, thanks,
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forexkunta
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Greenfield,
I do trade the 1 hour chart, however if I miss a trade entry, I will defer to a 15M chart looking for a retrace, and an entry back in, as long a I know the trend will continue. I also use the 15m for finding a place to add to the current trade.
Kent
I do trade the 1 hour chart, however if I miss a trade entry, I will defer to a 15M chart looking for a retrace, and an entry back in, as long a I know the trend will continue. I also use the 15m for finding a place to add to the current trade.
Kent
greenfield
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What brought that on? Down 99 in no time. I got in at 6565 and 6557.6. I was very hesitant. And sitting on a reasonable loss for quite a while. But then down it went. 75 scalp on the 1st one; waiting to see on the 2nd.
Bye,
Bye,
sniper still give short... but 11am and 2:30 pm have news....
we have to be careful....
greenfield
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Stopped out on 1 trade – a loss of 15.4 pts (it did seem the likely outcome early on), and 75 pts scalped on the other trade. That will do.
forexkunta
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Nailed 22 pips on the new release on GBP/JPY in about 5 minutes. Went back in and am presently up 70 pips.
greenfield
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Yes that was a sell on Friday. I noticed it (short at 6529?), but felt it was a little late on a Friday to trade - I was going to wait for Monday morning. Looks like I was wrong! It would have been a good trade.
Things are starting to look like the Euro/$ and GP/$ have gone low enough for now.
I'm taking some speculative long positions, but will not stay if the move down resumes.
No long from sniper yet , I presume?
Euro is at a quite sturdy support level est 10, 11 and 12th August
I'm taking some speculative long positions, but will not stay if the move down resumes.
No long from sniper yet , I presume?
Euro is at a quite sturdy support level est 10, 11 and 12th August
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