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Pro Trading By MetaCoder

MetaCoder
Dec 08 2011 at 17:20
126 posts
On this thread I would share my market analysis and trades with ya'll

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MetaCoder
Dec 08 2011 at 17:21
126 posts
My Trades for today. I would be posting my Next trades recommendation probably within 3-4 hours from Now. Stops on all my trades is 11pips.


Now new Traders can watch and learn.











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MetaCoder
Dec 08 2011 at 21:55
126 posts
The Bollinger band is a very powerful indicator if used properly. Question is can you use this powerful indicator to make mind blowing profits from forex like I do on a daily basis?

In my next post I'll demostrate how you can spot price reversal patterns effectively.

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Steve Walker
walker36
Dec 08 2011 at 22:10
1341 posts
MetaCoder
Dec 09 2011 at 08:38
126 posts
How to Spot a Bullish Reversal:

- Wait for price to touch lower Bollinger band + make new low on Bar.

- Candle must be a Bull at close ie Candle must close above its Open

- Candle Close must be below 18 Moving average

***Go long on next Bar

- Place stop at low of previous Bar

- Target is the difference b/w open and close of the previous Bar






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MetaCoder
Dec 09 2011 at 08:39
126 posts
Now Open up your chart and Try to spot as many Bullish reversals as you can.


*****TimeFrame is 5 Mins

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MetaCoder
Dec 09 2011 at 18:17
126 posts
Do you know that Four consecutive Bull Candles might be a sign of an Upward trend?






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MetaCoder
Dec 10 2011 at 09:20
126 posts
Four consecutive bears might be signs of a Downward Trend as well.






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MetaCoder
Dec 10 2011 at 09:21
126 posts
In Summary, The 4 consecutive Bar method is very useful for trend direction confirmation especially for those Traders who look to ride trends.

See below Images








****Questions and comments are welcomed.

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amag80
Dec 10 2011 at 12:45
13 posts
hi,

do you own a EA ?

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