" New Year" Contest Application
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Thread: " New Year" Contest Application

  1. #1
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    " New Year" Contest Application

    New year contest

    Account: 5230167
    Read only password: robo6678




    Overbought and oversold

    My trade work is with overbought and oversold market condition. I use a timing indicator for that purpose which tell me the market oversold and overbought condition.
    When its turn into green then its means market is going to up move and when its turn into brown then its means its move down now and when its turn into red then its means its flat now.
    I use its level which are shown in picture 30, 50 , 70, When timing is move below to up and cross the 30 level then its good point to enter long trade and when its move above to down and cross the 70 level from up to down then its good time to sell that market,
    This is really easy way of trading in which we can use market oversold and overbought condition for our trading. When we get confirmation then we can enter into a trade.

    Normally big time frame are best for this because if we use small time frame then its easy market is changed its trend so fast. So I suggest you to use only daily time frame for this purpose.

    Screenshot_8.jpg


    In this above picture on pound daily chart we can see clearly that when this market is move from below to above and cross the 30 level then its turn into green and we see market is move up in daily time frame. When its move down then timing is move down slowly slowly with market movement.

    Screenshot_9.jpg


    In this above chart usd/jpy we can see that when this market is move below to up from 30 level then its bounce very fast and we can earn good profit with this strategy because market is oversold condition and we know that now its can move up side any time.

    Screenshot_10.jpg


    In this above chart of eur/usd we can see market is move up from oversold condition and timing show us green color and when its turn into red then we can see market is mve flat and its can change its trend any time.

    Best time frame is Daily time frame. This indicator is best for currency pairs like Eur/usd , Gbp/usd and Usd/jpy. Its basically about overbought and oversold condition of market. and we trade with it with market oversold and overbought condition.

    Comment moderator

    1. ContestFX
    2. Strategy confirmed

    Not allowed!
    Last edited by ContestFX; 11-06-2017 at 05:44 PM.

  2. #2
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    In this trade I find that euro is breakout its previous level and then back at that breakout level in daily time frame. Its a great opportunity for us to earn good profit because timing indicator is tell us now market is start its bullish trend.
    Screenshot_1.jpg

    EurUSD pair
    order 131027922
    Lot size 50 lot
    buy 1.18784
    SL Nil
    TP 1.19938

    EurUSD pair
    order 131032256
    Lot size 60 lot
    buy 1.18675
    SL Nil
    TP 1.19690

    Not allowed!
    Last edited by sunan; 11-30-2017 at 05:30 PM.

  3. #3
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    USDCAD pair
    order 131083324
    Lot size 40 lot
    buy 1.28480 tp 1.28900

    USDCAD pair
    order 131032985
    Lot size 70 lot
    buy 1.28108
    SL Nil
    TP Nil

    Screenshot_3.jpg


    In this char USDCAD is break its previous high level and timing indicator is also show us green color and this is good signal for buy it with 1.2900 target.

    - - - Updated - - -

    Screenshot_4.jpg

    USDJPY pair
    order 131083028
    Lot size 70 lot
    buy 111.92
    SL Nil
    TP 112.30

    USDJPY pair
    order 131083053
    Lot size 70 lot
    buy stop 112.06
    SL Nil
    TP 112.30

    In above daily chart timing indicator show us bullish sign in daily time frame and cross the 30 level from below. This is very good to buy now this pair and I buy it in this level and my tp is 50 pips.

    Not allowed!
    Last edited by sunan; 11-30-2017 at 05:28 PM.

  4. #4
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    Given: 1
    GBPUSD pair
    order 131137318
    Lot size 100 lot
    buy 1.344598 tp 1.34500
    buy stop 1.34800 tp 1.34500

    When I see in H4 chart then I find that long tail bar is make on chart and this pair trend is bullish from previous 3 days. SO its good opportunity to make 40 to 50 pips in this trade. I palce a buy order and a buy stop at breakout of today.

    Screenshot_5.jpg

    Not allowed!

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