need help identify what is this strategy

[everyonerich]

Hi all..


i need help from you all here find out what is this entry/exit strategy. this account is friend of mine and he gave it to some expert trader and claimed able to make 100% or more every month.

this is LIVE ACCOUNT. not demo

Market is GCZ9 (Gold - COMEX)

His platform server time zone : Central European Time (CET) - What's the time in Central Europe now?

Date : 12 October, 2009

Platform Entry Time - 14:48
Platform Exit Time - 15:56

Position : LONG
Entry Price : 1053.8
Exit Price : 1056.9


- i have included the exact entry and exit chart with green & red line, i also circled theres a bullish candle probably it could be the trigger point. but its just my personal opinion.

 

[HawkTrader]

Pin bar/hammer at extreme price level?

 

[everyonerich]

Pin bar/hammer at extreme price level?

not sure.. but probably..?

this is another position has taken earlier, with profit. watch clearly the vertical and horizontal line, thats where entry and exit.

 

[HawkTrader]

Err, isn't that the same chart?

 

[everyonerich]

Err, isn't that the same chart?

same chart, yes. but look carefully at the entry & exit time its another position. i will post each chart for each entered position.

another trade.