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@  Cookiebrawler : (17 September 2019 - 04:27 PM) MegaMoney 90%
@  aasir : (16 September 2019 - 10:25 PM) Binary Triumph
@  traderpusa : (10 September 2019 - 01:35 AM) that was my bmw lol. E60.
@  Monoaldo : (10 September 2019 - 01:34 AM) E60
@  manfloy : (09 September 2019 - 11:12 AM) well said.
@  traderpusa : (09 September 2019 - 11:07 AM) at least for the moment, china will hold back because of economic conditions. My guess is they want to involve PLA but simply are not in a position to do so for the moment.
@  traderpusa : (09 September 2019 - 11:05 AM) well, regardless of any agreement between uk and europe, there is still nato is trump doesn't blow it up lol
@  manfloy : (09 September 2019 - 11:04 AM) I am really worried about HK if the PLA phase in this can interrupt the entire chain between FX liquidity and current import / export countries. I understand that we have a bunch of corporations exposed to China, now believe that 99 percent of them are stable in HK because they have a high law. If the PLA gets in, they'll substitute this economic centre with a singapore.
@  manfloy : (09 September 2019 - 11:04 AM) Yeah, they're really a very significant player. I am informed that there is also a lot more than economic, for instance there are a number of military agreements agreed between the GB and the EU, which is serious.
@  traderpusa : (09 September 2019 - 11:02 AM) the UK being part of the EU GDP figures, but not part of the Euro only makes things a bit complicated on how to interpret numbers for trading purposes.
@  traderpusa : (09 September 2019 - 11:00 AM) of course one needs to focus on US being the biggest economy but UK is still up there. https://gyazo.com/42...39df1c7c58d9221
@  manfloy : (09 September 2019 - 10:56 AM) I'm focused on the US, so I don't spend so much on the GB, I'm supposed to study it well since 2015, but something has altered worldwide, literally, it's an enormous step in the world's liquidity and global system, modifications are nice, but they're really colorful.
@  manfloy : (09 September 2019 - 10:56 AM) thanks good reading
@  traderpusa : (09 September 2019 - 10:53 AM) As to China, read this over the weekend : https://apnews.com/6...f75f013bf54e6a9
@  manfloy : (09 September 2019 - 10:51 AM) Spectacular indeed lol, this is huge to be honest
@  traderpusa : (09 September 2019 - 10:47 AM) it's gonna be interesting. MP's are leaving the sinking ship and now also Bercow has resigned. Gonna miss this guy lol
@  traderpusa : (09 September 2019 - 10:46 AM) https://gyazo.com/58...16d785753060ff0
@  manfloy : (09 September 2019 - 10:44 AM) I am very concerned about GBP, I have decided to leave until the government is making some definite deals on the Brexit. I'm not a supporter of uncertainty.
@  manfloy : (09 September 2019 - 10:42 AM) US It is expected to rebound until new years, because the season is coming and everyone is ready for new year revenues.
@  manfloy : (09 September 2019 - 10:41 AM) China is underwater now, and I can't even define how starving they are for dollars. Their imports fell significantly last quarter. They're trying to stimulate again, but I don't think it should work out, more than: we're back to the 2014/2015 situation. The issue with the Chinese central bank cutting off the supply of cash, the issue that they are not diversified around the world.

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Lingsbord Strategy Works - 2.5BB Deviations


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58 replies to this topic

#1 tyler.clark

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Posted 19 June 2019 - 05:25 AM

Hi All,

 

 

I will credit my knowledge to this wonderful forum and to reading some of the legendary threads of Lingsbord, Hubba Hubba, Tradesmart etc. I wanted to give back to this community and help fellow traders through this thread.

 

I really like keeping things simple, and when I stumbled upon Lingsbord's simple 60 sec strategy, I felt that should be it. But I lost cause I did not follow the basics of money management that was shared in the thread.

 

I tried tons of other indicators and strategies only to give Lingsbord strategy a try once again. I have been trading this strategy for more than a month now and I have seen more than 100% growth in my account.

 

My intention to revive this nasic Strategy on a separate thread is that the original thread has more than 200 pages ( i have read it 3 times now) and too clustered with many people wanting to prove the strategy wrong.

 

I really dont know where all the legends are today, but would hope to interact with them soon.

 

Expectation from this thread is plain and simple.

 

Share the screenshots of the trades taken within recommended trading hours so that others can understand what type of trades needs to be taken and also where you should have a small descretion of what type of trades to be avoided.

 

Let's keep it contstructive as there will be losses, but you will make money in the long run. And you will make seriosuly great money if you follow lingsbord MM principles.

 

 

Link to the original strategy

http://www.binaryopt...money/?hl=lings

 

 


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#2 tyler.clark

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Posted 19 June 2019 - 05:45 AM

Avoided the below trade as there was a high impact GBP news. Was an OTM

 

 

kY28ZBM.jpg

 

 

 

 

Took the below three trades that came quite quickly - 3 ITMS at first level.

 

 

mqaXaCf.jpg


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#3 tyler.clark

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Posted 19 June 2019 - 06:18 AM

Second trade ITM - First trade 10$ OTM and second trade 32$ ITM.

 

Zlt1TSG.jpg



#4 hongquan102

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Posted 20 June 2019 - 04:41 AM

Wow, I have just read that topic.
You use Martingale 4 times?


#5 tyler.clark

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Posted 20 June 2019 - 06:20 AM

Exactly the same level described in Lingsboard Post. 



#6 tyler.clark

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Posted 20 June 2019 - 06:25 AM

So yesterday was a good day.

Today i started with an OTM but since i follow the MM principle, i was able to trade through. over time i have learnt that its important to stick to the rules/SOP/procedures to the last letter.

 

Already 5 trades in the first half of the day and i have almost reached my daily profit limit now.

 

WC5x0Tv.jpg


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#7 tradesmart

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Posted 22 June 2019 - 06:55 PM

Nice thread! I took some time out of trading due to too many things going on in my life and not enough time to concentrate on trading. I check up on the site every now and again and will be back in the future for sure. Keep doing what you're doing if it's working for you.
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#8 tyler.clark

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Posted 24 June 2019 - 09:57 AM

I did not get a chance to post anything on Friday but it was a good day in terms of trading.

My little experience says that on a day when there are few news events, the markets tend to go strongly which can cause a Hit. If you take a look at last monday, EUR/USD moved strongly on most ocassions inspite of a BB 2.5 burst.

Today was a little different, few news even in the first half but still most of the BB bursts were ITM. I was very cautious and traded only a decent amount of BB burst.

 

The second arrow was not a decent and clear Burst so I avoided trading it. If i would have traded it, it would have been an OTM for me.

I am not chasing ITMs in this strat, but just trying to be weary of the market conditions.lBCEY7z.jpg



#9 tyler.clark

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Posted 24 June 2019 - 09:59 AM

Nice thread! I took some time out of trading due to too many things going on in my life and not enough time to concentrate on trading. I check up on the site every now and again and will be back in the future for sure. Keep doing what you're doing if it's working for you.

Tradesmart - well, feels great to see a legend replying to me. An off topic question, why have most legends disappared from the BO scene?


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#10 hongquan102

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Posted 25 June 2019 - 09:42 PM

Hmm, I don't like martingale. What do you think about MM?
Can I win if not martingale? 
(Sorry, my english not good)



#11 tyler.clark

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Posted 26 June 2019 - 04:29 AM

Hmm, I don't like martingale. What do you think about MM?
Can I win if not martingale? 
(Sorry, my english not good)

I would consider this Money Management more than a Martingale.



#12 Plass

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Posted 01 July 2019 - 09:21 PM

Hi All,

 

 

I will credit my knowledge to this wonderful forum and to reading some of the legendary threads of Lingsbord, Hubba Hubba, Tradesmart etc. I wanted to give back to this community and help fellow traders through this thread.

 

I really like keeping things simple, and when I stumbled upon Lingsbord's simple 60 sec strategy, I felt that should be it. But I lost cause I did not follow the basics of money management that was shared in the thread.

 

I tried tons of other indicators and strategies only to give Lingsbord strategy a try once again. I have been trading this strategy for more than a month now and I have seen more than 100% growth in my account.

 

My intention to revive this nasic Strategy on a separate thread is that the original thread has more than 200 pages ( i have read it 3 times now) and too clustered with many people wanting to prove the strategy wrong.

 

I really dont know where all the legends are today, but would hope to interact with them soon.

 

Expectation from this thread is plain and simple.

 

Share the screenshots of the trades taken within recommended trading hours so that others can understand what type of trades needs to be taken and also where you should have a small descretion of what type of trades to be avoided.

 

Let's keep it contstructive as there will be losses, but you will make money in the long run. And you will make seriosuly great money if you follow lingsbord MM principles.

 

 

Link to the original strategy

http://www.binaryopt...money/?hl=lings

Hi do you still trade this strategy.



#13 tyler.clark

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Posted 02 July 2019 - 06:54 AM

Hi do you still trade this strategy.

Yes, I am trading this strategy daily. Taken 3 trades, all ITM and no hits so far over the last 8 Business days.



#14 BrTrader

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Posted 02 July 2019 - 10:47 AM

Yes, I am trading this strategy daily. Taken 3 trades, all ITM and no hits so far over the last 8 Business days.

 

Hi!

What´s your trading hours using this strat?



#15 tyler.clark

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Posted 02 July 2019 - 11:13 AM

Hi!

What´s your trading hours using this strat?

0910 Uk time to 1700PM UK time with a break from 1315-1430. A little cautious at 1000 and 1430.


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#16 tyler.clark

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Posted 02 July 2019 - 11:18 AM

There was a hit around 1500 UK time and fortunately I missed it as i was busy in some office work. But then there was another 3 event sequence that i got caught up with.

Thereafter 3 more entries which were all ITMs.

 

f6sMacb.jpg



#17 Svalbard

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Posted 02 July 2019 - 01:02 PM

I used to talk to lingsbord back in the day and after lots of testing and calculations, everyone realised that this is not a long term profitable or reliable strategy. It works for a while but the hits seem to come in clusters, plus human error on top of that. You can wipe out weeks or months of profit in a few days, which is no way to run a business. I'm not saying to give up, i'm just sharing our experience of it. You may be able to tweak things.

 

To be constructive, Maybe try this:

 

Here's a template that might help limit the hits you get, or it may not - just give it a test. 

 

There's one of my indicators included that simply shows a hyper-extended candle relative to the candles before it - nothing fancy, but if you only take entries when there is a green arrow (hyper-extension) plus a pink dot (BB2.5 Breakout), it may let you only enter when price is over stretched and filter out some of the high momentum price moves.

 

I'd also recommend 5 min expiry too, based on the logic of entering at hyper-extension.

 

Attached File  BB+HE.tpl   3.25KB   100 downloads

Attached File  Bands.ex4   10.38KB   93 downloads

Attached File  HF_BB.ex4   21.98KB   102 downloads

Attached File  SvalbardHE.ex4   12.98KB   113 downloads (correct settings will load on template)

 

Attached File  BB+HE.PNG   14.74KB   14 downloads

 

 

If you decide to test it, let me know how it goes.

Sval.


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#18 tyler.clark

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Posted 04 July 2019 - 03:03 AM

Hello Svalbard,

 

Thanks for your feedback and contructive response. in Binary, we are trading against the brokers, so i keep my capital very low and take a certain amount of profit and exit the market. My profit target is usually met before NY opens.

My experience on this strat - I have been trading this strat for more than 07 months now, but in demo. Went live for the second month now and i have been profitable till date. Since 2 months, i might have had 3 proper hits, but i am stil in profit and earning much more than what my desk job offers. ;)

 

Regarding your point where profit of weeks or months can be wiped out, I totally understand that and thats the way markets behave right? Trading is not for amateurs and novices. Business go into losses and so i have cleared my mindset of not having any loss and winning all the time. I am prepared to take hits and losses. The only way I am careful about such clusters of losses is that i watch the news (non farm payrolls, various speakers making speeches etc), watch the Top of hour and Bottom of hour movements and ofcourse, price action. Summer holidays are approaching so i am more careful now. This comes only with experience and screen time i guess.

 

I will install your template and give it a try but unfortunately i cannot use MT4 in office, so my preferred charting app is Tradingview.  :( i will search for a hyper extended candle indicator out there. But logically, it does make sense to take candles that are hyper extended.

 

Thanks once again for your response and appreciate your help.


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#19 mohanjackie

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Posted 04 July 2019 - 08:14 AM

Hi, This my first replay on this forum,

 

Joined iq-option from last 2016 was trading with just 10 to 50$ deposits didn't  have a right strategy or right MM was trading using some telegram signals some one gave,

No groups give's you daily profit or no indicator has a potential of giving at least 67% profit,

 

Market is there to see losses and candles are like seasons, They change every now and then, Thus so the strategy doesn't work every time, Because candles and markets behavior changes Frequently,

 

 

Long Story:

Recently One of my friend contacted,

We of same area got connected during 2016 on some trading group, He used to constant effort to got to classes and learned some PA, Trends, SnR, 

He wanted to quit his job so he can finally do what he loves, At first he Started with 200 then 300 then 500 every thing was a loss,

Then dumped all his saving like 5000$ and his daily profit was 30$ - 50$ a day till now, he only trades on snr strategy, with 1$ stake while he completes his daily target he would be traded like 50 to 60 trades

 

He uses to contact me, and tell me how to do it and some educational notes, Because of my time and busy, I couldn't study all those, He introduced me to one of his candle color strategy, That to was a flop, But it worked well for almost 1 month,

 

But one day i asked why didn't  you make profit when you deposited 200 300 or 500,

His replay was

I didn't try to martingale trade, because of low balance his martingale steps are 8 to 10 now

 

NOW,

I lost almost 300$ last week,

 

I want to make this work, checked every strategy and this one seems good for now

 

Will again fund 350$ and try to trade with this,

But this strategy, have most time itm on 2 step i meant 2nd martingle

 

My MM Would be:

 

1.25

4

11

11

 

So if there is a "hit" i can survive for seasonal candle change for more days its like you would be getting *3 of you first trade on next 2 trades,

So you can grab when it happens,

Stop when you have a hit

 

 

Edit:

Also this strategy works well when two corner of the candles are outside


Edited by mohanjackie, 04 July 2019 - 08:20 AM.

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#20 tyler.clark

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Posted 04 July 2019 - 08:25 AM

Mohanjackie,

We all are here due to the losses that we would have faced in the past. I look at this in a way Tom Hanks looked at his situation in the movie 'Cast Away'. He had to cross that one particular stretch of strong winds and waves to ever get out of the island, which he did eventually. 

It's the same with our mental barrier, we have to cross that and until we dont reach that level of desperation 'Do or Die', we dont cross it.

 

It looks to me that you also have a mental barrier regarding your losses and i also had a similar one, therefore, i can relate to you.

The MM that is provided in the original post, is definitely the way to go, Profit - Profit - Break Even -  Loss. You can reduce the size of the trades but keep the percentage the same depending on your original capital.

 

I am also trading on a small amount of trade size based on my risk appetite.

 

Remember, more than a strategy, the mind is important to control. Dont trade in emotions, dont revenge trade etc. Hope this helps.


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