Golden Pip

China Diapers

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Anybody trade similar to this guy or recognise his method? I know it's a bit of long shot that somebody will know what he's doing from three screenshots.

http://goldenpip.blogspot.com/

Looks he takes reversals where he sees the market has over-extended itself. The bar preceding the one he entered on always closes close to it's high's/lows.

I have harassed him, even offered him money (just to see what he would say), he just tells me it works very well and he has promised not to teach it to anybody else. *******.
 
chf001-051608.jpg

eur002-051608.jpg

eur003-051608.jpg
 
Last blog entry was 5/16/2008
So we don't know what happened since then.

??

Peter
 
Well I emailed him first a few months ago, asked him how it was going, he said very well, since then I have proceeded to ask him questions about how it works but he isn't having any of it.
 
The reason for my enthusiasm is I believe it may be Joel Rensick of DIBS and ONS fame (I conceed ONS is a pile of excerement) who gave this to him.

That may or may not mean anything to anybody.
 
Last blog entry was 5/16/2008

No wonder, just another loony daytrader with disastrous risk / reward ratios fallen by the side:

"Trade 001: B CHF/USD 10:15 @ 1.04444 / S 11:25 @ 1.44631 +18.7 Stop: 15 pips
Trade 002: S EUR/USD 10:20 @ 1.55900 /B 11:25 @ 1.55811 +8.9 Stop: 15 pips
Trade 003: B EUR/USD 13:20 @ 1.55795 / S 13:30 @ 1.55851 +5.6 Stop: 10 pips
So far I am up 33.2 pips."


eur002-051608.jpg


Friggin unbelievable.

:LOL::LOL::LOL:
 
I don't day trade, but I was under the impression short term techniques could have a much higher success rate than longer term. I may be talking out my ass here.

In fact (and I realise you have no reason to believe this) he says on the blog "I have taken 94 trades. 83 have been profitable". That's an 88% success rate.
 
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