Between 40-100 pips per Day

[Maverick731]

I'm having difficulty with this as well Jame's... when you say...
"To enter a trade wait for the next bar after the IB to go up 1-2 pips higher than the IB for a buy signal or 1-2 pips lower for a sell signal.
Also the shadow of the IB must be inside the prior bar as well in the overall size otherwise it’s not a valid signal."

What do you mean 1-2 pips higher or lower? Please clarify.

That seems to be the make or break of the entry it seems. Please calirfy what has to be 1-2pips lower or higher on the next bar.

Also does the next bar after the IB have to close for it to be a vaild signal?


also please explain the stops for me more, I seem to have a s/l of only 5 pips or so on some trades


btw: what is your experience with IBFX (if any), and how is you experience with oanda?

[james]

Originally Posted by Maverick731

I'm having difficulty with this as well Jame's... when you say...
"To enter a trade wait for the next bar after the IB to go up 1-2 pips higher than the IB for a buy signal or 1-2 pips lower for a sell signal.
Also the shadow of the IB must be inside the prior bar as well in the overall size otherwise it’s not a valid signal."

What do you mean 1-2 pips higher or lower? Please clarify.

That seems to be the make or break of the entry it seems. Please calirfy what has to be 1-2pips lower or higher on the next bar.

Also does the next bar after the IB have to close for it to be a vaild signal?


also please explain the stops for me more, I seem to have a s/l of only 5 pips or so on some trades


btw: what is your experience with IBFX (if any), and how is you experience with oanda?

Hi there James here

See below IB candle pattern

LINE AT BOTTOM STOP

LINE AT TOP ENTER

Regards

James

[Maverick731]

THAT IS AN EXTREMELY MIXED SIGNAL RIGHT THERE the bar after the IP dips below... so sell? stoch may cross.... but you buy? Care to explain...

This basic info in the first post really doesn't give the descriptiveness I need

so that is an entry 1-2 pips above the close of the IB?
and the entry is before the candle after the IB is completed? If so then that wick at the bottom could have triggered a false short... please explain

the stoch is in the midrange at that moment so it looks like it could go either way...

also are ALL of your sessions recorded? I can't live trade when you are on or be on at all for that matter (have a job), I would consider paying if every thing was taped and in good resolution w/ good audio if there is any

[mtandk0614]

Hello everybody that trades this system.

First off....if this really works, then James is Awsome. I assume it works because of the following. I would like to start trading this system, but I just want to verify that I am doing this right. So in my own words;

Step 1 - Check the 1H chart to verify the trend *
*If trend is up we only make buy orders
*If trend is down we only make sell order
*if trend is sideways we stay away till a trend develops

Step 2 - (assuming we how an upward trend in the 1H chart) We will wait for a small down trend on the 15M chart. At the bottom of the trend we are looking for an Inside Bar + Stoch is starting to turn upward. (Reverse this idea for a downward trend on the 1H)

If that is correct then I think I may have it...but I do have 1 question about entry/exit. Are you doing the entry based on the high of the IB, or do we do the entry based off the High of the bar right before the IB (last bar of the previous trend). I only ask this because I belive the 3 Bar Inside is a much stronger indication therefore when we see the IB, we would place a buy if bars 1 or 2 after the IB hit the high of the bar before the IB ???

Please let me know if I am on the right track here.
Thank you everybody.

[pipnailer]

Originally Posted by mtandk0614

Hello everybody that trades this system.

First off....if this really works, then James is Awsome. I assume it works because of the following. I would like to start trading this system, but I just want to verify that I am doing this right. So in my own words;

Step 1 - Check the 1H chart to verify the trend *
*If trend is up we only make buy orders
*If trend is down we only make sell order
*if trend is sideways we stay away till a trend develops

Step 2 - (assuming we how an upward trend in the 1H chart) We will wait for a small down trend on the 15M chart. At the bottom of the trend we are looking for an Inside Bar + Stoch is starting to turn upward. (Reverse this idea for a downward trend on the 1H)

If that is correct then I think I may have it...but I do have 1 question about entry/exit. Are you doing the entry based on the high of the IB, or do we do the entry based off the High of the bar right before the IB (last bar of the previous trend). I only ask this because I belive the 3 Bar Inside is a much stronger indication therefore when we see the IB, we would place a buy if bars 1 or 2 after the IB hit the high of the bar before the IB ???

Please let me know if I am on the right track here.
Thank you everybody.

Hello Mt
In my own understanding of the system, entry is based on high/low of the IB- you come 2pips higher/lower than the high/low of the IB (all other indications being equal) and not the bar before the ib.

The IB shows the market is contracting and about to explode, so a 1-2 pip move beyond the high or low of the IB might signal the direction of the explosion.
I'm sure you know what a good explosion can result into-a disaster or time to party (your choice)

[FXCaribbean]

Originally Posted by pipnailer

Hello Mt
In my own understanding of the system, entry is based on high/low of the IB- you come 2pips higher/lower than the high/low of the IB (all other indications being equal) and not the bar before the ib.

The IB shows the market is contracting and about to explode, so a 1-2 pip move beyond the high or low of the IB might signal the direction of the explosion.
I'm sure you know what a good explosion can result into-a disaster or time to party (your choice)

And when do we exit ?

[pipnailer]

Originally Posted by FXCaribbean

And when do we exit ?

Exit takes various forms.
1. you can exit when stoch crosses and turns in the opposite direction.
2. Price stalls at significant Fib levels.
3. price stalls at big number or support/resistance levels
4. when u get a reversal candle
but this is what i personally like doing best (please, it is not a recommendation, 'cause am still learning too)- 5. i like moving to my sl to BE asap, then begin to trail my profit by moving sl to the low of 2 previous candle before the present forming candle

Please let the masters correct any of my wrong answers here, so i wont be mis leading any one

[pipvader]

Hi James, you wrote eariler in the thread that you used this method for 2 years on the 1hr chart. i was wondering if it was still as profitable as the 15min and on average how many trades did you have per month trading the g/u?

[james]

Originally Posted by pipvader

Hi James, you wrote eariler in the thread that you used this method for 2 years on the 1hr chart. i was wondering if it was still as profitable as the 15min and on average how many trades did you have per month trading the g/u?

Hi there

Yes more profitable

[pipnailer]

I'm giving up on joining the live lounge, since i've done all i can to download the conference room but just wont open on my system-its becoming really frustrasting.