How I Trade
The trade signals will be sent to you via e-mail and/or text message to your cell phone. When you subscribe, you will need to enter the e-mail where you want to receive signals. You may enter two e-mail addresses (work & home or some other combination or an email address and your cell phone’s text e-mail address.) Since many people have asked how to get the cell phone’s text e-mail address, here is a quick explanation.
This address is usually a combination of you cell phone number without the dashes @ the text e-mail address provided by your cell phone company. Most cell phone companies have this address listed on their web-site and it should look something like this: 5554441234@vtext.com (this is for Verizon), 5554441234@messaging.sprintpcs.com (this is for Sprint), 5554441234@tmomail.net (this is for T-Mobile), other carriers will be different) and signals will also be sent to your phone. If you cannot find this information on the web, please call your cell phone company and ask them how to set it up. NOTE – You may find it very convenient to use your cell phone for receiving these trade signals. Doing so allows you to be away from your computer, instead of sitting for hours and waiting, and watching your monitor. However, many of the text messages sent to your cell phone will not come thru in their entirety due to limitations of your phone or limitations set by your cell phone company. Therefore, when you get a phone text from Gypsy4x, you may need to go to your PC to read all of it. Many people really like this method and simply use their cell phone to notify them that they need to check their e-mail for a possible trade.
Most of the signals that I send are based on indicators from the 1 HOUR and 4 HOUR CHARTS. I will examine the pair that I’m going to trade (first on the Monthly, Weekly and Daily charts to verify the trend). I will then identify a breakout of a channel on the 1 hour chart. This may lead into a continuation of the move on the 4 hour chart. All of my signals are based on the pairs movement across sets of Bollinger Bands with the assumption that when trading with the trend the pair will move to at least the middle Bollinger Band and possibly on to the outside Bollinger Band. (A set of Moving Averages, are used to stay in the trade and/or exit beyond the middle Bollinger Band).
In addition to the above items, I also use Commodity Channel Index, MACD, and Trix . I enter my trades on a cross of the moving averages when the cross takes place inside the middle Bollinger Band and only when the TRIX verifies the moving average cross. I DO NOT enter a hard stop or hard take profit level on my trade desk on the first part of my trade. Instead I use an alarm system that it built into my trading software and usually set alarms for a 15-50 pip stop consideration and another alarm at the Bollinger Band Basis for my first take profit consideration. When I take profit at the first level, I usually set a hard stop in my trade desk at breakeven or 5-20 pips below breakeven, depending on the situation. I ALWAYS have an alarm set for my moving averages to cross AGAIST my trade. This alarm is my PRIMARY ALARM and I always close all open lots when I get a moving average alarm, regardless of where the trade is when this alarm sounds. I try to avoid entering trades close to scheduled news releases which might affect the pairs that I’m trading. Additionally, if I am in a trade (and in profit) close to the time of a news release, I will normally enter a hard stop loss or pull part of my trade, to protect some of my profits.
You probably noticed that I said, “Take profit CONSIDERATION” instead of take profit level. Once a trade hits my predetermined areas on the Bollinger Bands, I want to look at the trade. I make a thorough examination of all my charts and look for things that might slow the trade or turn it around. There are times that I will pull the entire trade; there are times when I will pull a portion of the trade.
It’s great to have you on board. I sincerely wish you the very best.
