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Forex SlingShot 30M Trading Strategy

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Thread Tools Show Printable Version Subscribe to this Thread… Display Linear Mode Switch to Hybrid Mode Switch to Threaded Mode. SevenFigureIncomes View Profile View Forum Posts Private Message. The " Sling Shot Day trading system http: Works on the 30 min time frame. I'll be trading this method for NY session and give the results here. The link you can watch the 2 short videos on line or download them to your computer.

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It's a simple system based on price action. I'll be trading the euro and cable only. Works well on hour time frame also.

My Modified Slingshot System for ForEx Trading

The " Sling Shot Day trading system Very nice. This is a very good day trading system for anyone to use. I reccommend it highly and will use it myself sometime this week.

This should easily capture plus pips each day on just one pair. One man's fears are another man's triumphs double your account in one month, I'll show you how I did it. The " Sling Shot Day trading system Have you guys used it for any length of time?

How about on 4H or Daily charts? FX Open AU Pty Ltd Pure ECN ASIC Regulated Forex Broker Sick of trading from a price feed? Become an actual market participant! The " Sling Shot Day trading system I haven't used it Jafar, I watched the video and was just expressing my opinion.

But with the way I personally trade, it has a lot of the same characteristics I like with my systems. Plus it is a very simple method to follow. But I think it could work on longer time frames too but may be more risky that way. Basically your just waiting to see the next bar go beyond the close of the previous bar and the catching the reversal back.

That happens a lot with a daily bar also. It may travel from previous close 50 pips one way then turn around and go back pips the other way. In this system, using the 30 min. I may try it out on a daily with my demo though I don't put a lot of stock in demo trading results. If I can consistantly gain pips a day off this one system then I will put it in my arsenal for daily trading. It will little time throughout the day to reach the plus area but if consistant then you could probably trade a little more aggressive with it.

Either way ot looks as though the odds are in your favor for wins so that's a good thing. Originally Posted by getoverit. The " Sling Shot Day trading system I was just looking at the weekly bars and this event happens there also most of the time, so it may just as well work there also except it may take a couple of days before you can get your entry for the week. The " Sling Shot Day trading system I believe the 30 or the 1 hour would be the best to use for this, risk is lower and winning percentage may be higher over all.

But the longer charts could be used with just partial lots for decent weekly or even monthly profits if this still produces a high winning percentage over all. The " Sling Shot Day trading system Now he takes profit at close of the candle which is good on those small charts but I noticed in the daily,weekly and even monthly charts that you can be giving back a lot of gained pips if you wait for the final closing of the bar.

That's not too shabby for one pair. The " Sling Shot Day trading system well this has my brain juices flowing so I have to go do some math now, I love simplex systems.

The slingshot method is a reversal trading strategy based on reversal candle, exponential moving average and stochastic. | Forex Trading | Pinterest | Trading…

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