Curse of the Pharaoh Strategy

bruce · 03-14-2008, 09:07 AM

After looking at my technical trades for the last 2 weeks, I have developed a new strategy that should guarantee significant profits.

1. I look at the trends on the 1 hour chart.
2. Check 4 hour and daily charts to make sure I'm not trading against a larger trend.
3. Check 15 and 30 minute charts to make sure the trend isn't showing signs of reversing.
4. Carefully plan my trade to run with the trend, setting reasonable stoploss and take profit numbers.
5. (This is the REALLY IMPORTANT PART). Do the exact opposite of what I planned.

I think I'll hide under my desk and cry now.

robin · 03-14-2008, 09:15 AM

Thank you for share your system with us. At a first view is something like (please let me know if I'm wrong) with a little modifications. Let me tell you that I'm fan of BW, if you can share your own fractal and also some charts to clarificate the rules I can test your strategy and post here the result to share with others.

Thank you again.

03-14-2008, 09:07 AM	#1 (permalink)
bruce Status: Junior Member Join Date: Mar 2008 Posts: 19	Curse of the Pharaoh Strategy After looking at my technical trades for the last 2 weeks, I have developed a new strategy that should guarantee significant profits. 1. I look at the trends on the 1 hour chart. 2. Check 4 hour and daily charts to make sure I'm not trading against a larger trend. 3. Check 15 and 30 minute charts to make sure the trend isn't showing signs of reversing. 4. Carefully plan my trade to run with the trend, setting reasonable stoploss and take profit numbers. 5. (This is the REALLY IMPORTANT PART). Do the exact opposite of what I planned. I think I'll hide under my desk and cry now.

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

03-14-2008, 09:15 AM	#2 (permalink)
robin Status: Junior Member Join Date: Mar 2008 Posts: 8	Thank you for share your system with us. At a first view is something like (please let me know if I'm wrong) with a little modifications. Let me tell you that I'm fan of BW, if you can share your own fractal and also some charts to clarificate the rules I can test your strategy and post here the result to share with others. Thank you again.