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Curse of the Pharaoh Strategy

Discussion in 'Forex Trading Systems and Strategies' started by Pharaoh, Oct 9, 2007.

  1. Pharaoh

    Pharaoh Colonel

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    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.
     
  2. gxxr1130

    gxxr1130 Recruit

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    ROFL. Sounds like my trading career. Will you marry me?
     
  3. Pharaoh

    Pharaoh Colonel

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    Just a few quick questions before I answer your question.

    1. Are you female?

    2. Are you cute?

    3. How do we explain this to my wife?
    3.a. Would you consider the Wife #2 position if I can talk Wife #1 into letting me have more than 1 wife?

    4. How do we support ourselves if your trading career is equivalently successful with my own?

    :D
     
  4. gxxr1130

    gxxr1130 Recruit

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    That's a bust on all of them. I'm crying under the able as we speak. :unhappy:
     
  5. Pharaoh

    Pharaoh Colonel

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    These internet romances are going even worse than my trading. :D
     
  6. gxxr1130

    gxxr1130 Recruit

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    I detect I high correlation between forex and no girlfriends.:hissyfit:
     
  7. ____________

    ____________ Private

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    Girlfriends are for losers who can't download porn :p
     
    #7 ____________, Dec 27, 2007
    Last edited: Sep 12, 2011
  8. berlynne

    berlynne Recruit

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    I think I am goint to enjoy being in the peace army, thanks to posts like this, I know trading is serious, but we don´t have to miserable about it. Sorry about your loss, but thanks for the touch of irony

    Regards,
    Lynne
     
  9. kaligula

    kaligula Private

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    I have a similar method:
    1. I'm ordering signals from some scam company,
    2. I recive Entries of a day,
    3. Concider ar they look good for me.
    4. Encouraged by them i place my own entries
    5. I'm exiting trade when i have such filling, target is gained, or have accidentaly access to the internet :p

    Last month my signals would gave me around 200 pips loss and I gained 200 pips of winning, that kept me on the same level.
    BTW I'm alredy taken male ;)
     
  10. yurps

    yurps Private, 1st Class

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    top down complications

    Yeah I know alot who use the top down stuff to overanalyse the trade.

    It takes too much time to do this and is way too complicated.

    then it decides to reverse.
     

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