Level +1/8 to level 8/8

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Level +1/8 to level 8/8

Postby tienbanker » Thu Jul 31, 2014 11:24 am

Hello every body,
I just read one part of the book Million Dollar Tips with Gann Octaves. It is free on goforexpro.com.
Boldtrader is a master in Gann. and In this book he write:
The first time up to bat at level +1/8, the odd of moving back to level 8/8 is 95%. So amazing rate.
So we just need a dashboard for all time frame, to know where the pair is nearly 2 level and run.
May be we could do the EA also, the indicator is base on the Murey math indicator.

Very simple idea and high success rate for any time frame.
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Level +1/8 to level 8/8

Postby tienbanker » Thu Jul 31, 2014 11:31 am

We just wait for the close of candle which hits level +1/8 second time and entry the price below closing price of this candle for sell.
Stop loss is above the previous current candle few pip.
All things in here i read on the part of Million dollar trade there on goforexpro.com

Hope some one can code this.
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Level +1/8 to level 8/8

Postby fxozgirl » Thu Jul 31, 2014 8:43 pm

We have previously been down this path with Steve...check out this thread at Forex Factory http://www.forexfactory.com/showthread.php?p=4675196 back in 2011, not sure if you can bring anything relevant from it into 2014.

Good luck
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Level +1/8 to level 8/8

Postby SteveHopwood » Thu Jul 31, 2014 9:16 pm

fxozgirl ยป Thu Jul 31, 2014 8:43 pm wrote:We have previously been down this path with Steve...check out this thread at Forex Factory http://www.forexfactory.com/showthread.php?p=4675196 back in 2011, not sure if you can bring anything relevant from it into 2014.

Good luck

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Level +1/8 to level 8/8

Postby tienbanker » Fri Aug 01, 2014 5:57 am

The main idea in here is the rate success from level +1/8 to level 8/8 is 95%! (for the first time hit back)

I will read more the link you posted in FF but in this post i see Steven use more option and take entry when price reach the level??
in my idea we sell when the price hit back the level +1, the current candle price will below level +1 and sl few pip previous candle above. It prevent price reset new level.

So i hope some one can do a dashboard scan for this purpose only at all time frame. It make less entry but with high success rate.
We can consider manual and easy trading for all time frame.
You should read this book i mention also.
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Level +1/8 to level 8/8

Postby tienbanker » Fri Aug 01, 2014 6:05 am

Try think this way:
We scan all time frame for all pair, what the pair are in the level +1/8? What time frame in this pair?
(Need a dashboard).
Wait the price hit back the level +1/8 and take entry.

Because have a lot pair and a lot time frame from M1- Month1, we will have big opportunities to trade.
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