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  #1011 (permalink)  
Old 05-07-2008, 08:36 AM
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Quote:
Originally Posted by KENNETH LEE View Post
aartamen; A question that's been bothering me. Do you wait for the next candle after the IB/OB to close before making the entry decision? Or do you do it on the basis of the current price? Anyone can answer.

I tried the system, so far I am horrible at it.


Hi there; After the ib closes , The next candle opens there are 2 entries the best one to start with, ( gives better confirmation of the move) is to enter 1-2 pips below the low or high of the candle including any shadow (wick). A more aggresive but higher risk is to enter at the end of the previous body.

Try and take only with the trend trades to begin and make sure the stochastics are near top turning down for short and near bottom turning up for longs..

Good Luck Ken
I probably did not make clear the problem I have.

Lets say I am looking at an IB that just closed. James said to look at the next candle for the entry signal. The question is Do I wait till the next candle closes or not?
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  #1012 (permalink)  
Old 05-07-2008, 09:43 AM
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Originally Posted by aartamen View Post
I probably did not make clear the problem I have.

Lets say I am looking at an IB that just closed. James said to look at the next candle for the entry signal. The question is Do I wait till the next candle closes or not?
No, Your entry must be somewhere at the close of the IB. Dont know anything about his system but the rules for a IB is that you enter at the close of the IB.
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  #1013 (permalink)  
Old 05-07-2008, 11:33 AM
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Hi

I look at a 1 hour chart first and see what the over all trend for the day is going to be then trade off a 15 min chart for the day.

Does this mean that if the stoch and the IB are right but the signal is going against the 1hour trend then you don't enter a trade?

Thanks
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  #1014 (permalink)  
Old 05-07-2008, 01:37 PM
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Hi there James here

To all new and old members log in details will be sent out on friday and the live room will start on tuesday

Regards

James
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  #1015 (permalink)  
Old 05-07-2008, 01:50 PM
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Default I don't got it

Hi

I look at a 1 hour chart first and see what the over all trend for the day is going to be then trade off a 15 min chart for the day.

Does this mean that if the stoch and the IB are right but the signal is going against the 1hour trend then you don't enter a trade?

Thanks
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  #1016 (permalink)  
Old 05-07-2008, 04:46 PM
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Quote:
Originally Posted by adamzgreat View Post
Hi

I look at a 1 hour chart first and see what the over all trend for the day is going to be then trade off a 15 min chart for the day.

Does this mean that if the stoch and the IB are right but the signal is going against the 1hour trend then you don't enter a trade?

Thanks
Hi there not always

If you are new to tradeing i would trade with the trend but with this system we do trade against the trend.

Regards

James
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  #1017 (permalink)  
Old 05-09-2008, 03:33 AM
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Hi james,

I like to know when you trade an IB, what will you do when an evening star occurs?
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  #1018 (permalink)  
Old 05-12-2008, 01:28 PM
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Quote:
Originally Posted by SABAHJOE View Post
Hi,

I am a newbie, just starting out.. do you have an email address or chat that can get you. thanks...joe
Hi there Joe

Here it is ibsystem@hotmail.co.uk

Regards James
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  #1019 (permalink)  
Old 05-14-2008, 02:42 AM
Ade Ade is offline
 

Join Date: May 2008
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Hey JAmes
Nasty system !!! I love it a lot!! I found out that bollinger bands can help in verifying a change in correction trend pretty accurately when used together with IB.
Quick question. Is an outside bar and inside bar read the same way? If not how do you read an outside bar and use it effectively.
P.S. How do we join your live sessions. Thanks.
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  #1020 (permalink)  
Old 05-15-2008, 01:34 AM
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Dear , ADE can u post the chart and show its work with BB...?
Thanks.
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