Between 40-100 pips per Day

[ahefner33]

Originally Posted by james

Here is an example of my trade this morning

1st entry was @ 8.10am uk time after the IB Exited @ 9.50 am about 18 pips
so not quite my target

2nd entry was at 9.50 right away Exited 12.35 for 32 pips total 50 pips

That was on GBP-USD i always trade this pair in the mornings.

Please understand i dont use stops i let trades run there course but for the perpose of showing new people the system its safer to use a traing stop or reversal candle for a stop in a bullish run like this morning the 2nd trade i let it run you guys would have be stopped out a couple of timeunder rules but still made some money i trade very aggressive.

James

James as I posted your entrys and exits on the graph, I do not see where you initiated your trades? Tell me if my chart is wrong but I went by the London hours you gave. Thanks.

[james]

Hi

Found it i entered on the 12th candle from your 8.10am open the uk is now in summer time its one hour ahead
James

[ahefner33]

Hey. haha pretty soon your going to want to be compensated for all these questions huh?

I am going to post the revised chart so maybe everyone can see what you are talking about on the chart.

On your first entry, the stochs I noticed are in the overbought area. What made you get in when there is no cross or turn in or near the oversold area? Also your first exit, I know your agressive but why would you not exit after you seen the dip down in stochs?

Same with your 2nd entry and exit, wouldn't the stochs show that the trade was not setup. Whats the difference at say the stoch dip turn around at your 2nd exit than the dip turnaround at around 6:00 on my chart? Thanks. Hope I'm not frustrating you.

Adam

[pippingtoddler]

Hi james,

I have had a couple of good trades with the system. I started off screwing couple of times with a confusion of the IB and the Stoch. I think I figured it out now although the news on the UK Sailors this morning (US Time) screwed up my set-ups as my stops were taken out (Ouch!!!- Demo account helped.)

Would you kindly consider in sharing with us your daily trade entries (may be after you have done it) so we can follow your daily strategies. This way we can broaden our understanding of the system and be in sync with you. It will be greatly apperciated by many of your fans here!

Thanks again for all your help in sharing your expertise with us.:

[james]

Hi ahefner
I no what you mean two reasons

1/ It was the london open and the market goes up or down normally as it had already started going up and a IB formed i went for it, worse case it went the other way i lost my spread and entered short again.

2/ The IB formed in the top 1/3 of the prior candle another strong indication it was going to continue

Otherwise i would have stuck to the rules.

James

[ahefner33]

Man, I wish I had your instinct. I guess thats where experience comes in. Well thanks for all the help. I think I'm going to take a break now, lots of information/thinking plus 3 tests in the next two days here at school. Also, interest rate decision coming out for the pound Thursday I think. have a good one.

Adam

[azpips]

Originally Posted by ahefner33

Hey. haha pretty soon your going to want to be compensated for all these questions huh?

I am going to post the revised chart so maybe everyone can see what you are talking about on the chart.

On your first entry, the stochs I noticed are in the overbought area. What made you get in when there is no cross or turn in or near the oversold area? Also your first exit, I know your agressive but why would you not exit after you seen the dip down in stochs?

Same with your 2nd entry and exit, wouldn't the stochs show that the trade was not setup. Whats the difference at say the stoch dip turn around at your 2nd exit than the dip turnaround at around 6:00 on my chart? Thanks. Hope I'm not frustrating you.



Adam

I noticed you had an entry when the Stochastic was around 80 (see first enter). From what I read, you're looking for a sell signal when the stoch is around 80. Did you get in because the stoch was trending up and you just used the high value of the stoch to determine the profit you were thinking of taking. For example, if the stoch would've been around 20 you felt you could've got 50 pips but since the stoch was around 80 you figured maybe 20 pips. I like your approach better than a Parabolic SARs since by the time the PSar turns you've missed 20 pips.

Also, when you say enter when it moves 1-2 pips in the direction you're looking to trade. Which candle does it need to move from candle A or B?

[ahefner33]

I know I said I wasn't going to post anymore but I noticed something that James mentioned that I think everyone should look at. I went and plotted a line at each major point on the 5 min chart, 1.9700, 1.9725, .9750, .9775. If you go back, look at how many times price reversed at these areas or if it broke it, it rallied. Pretty awesome. Ok, really Im done.

[pg2007]

Hi James,
Thanks for all your work.
Why did you pick that particular IB at 3:05? Why not the one at 1:05 or 2:35?

Peter

[james]

Because i was in Bed asleep