Between 40-100 pips per Day

[marioman]

good answer

[pkffw]

Hi James,

Firstly, thanks for the clarification regarding my previous questions.

You mentioned earlier that if one is trading a few hours a day between 0700hrs GMT to about 1030hrs GMT then one should be getting approximately 20-50 pips a day on average once they know the system and are confident with it. Do you mean just by trading the GPB/USD pair or by trading a few different pairs at the same time?

Cheers,
PKFFW

[james]

Hi

Yes but the others are good to and also Watch GBP/JPY you could get 100 pips a couple times a week .

Regards
James

[ahefner33]

Hey James,

Just thought I would post on how I faired with this system last night in the Asian session. I came out with about 37 pips, which is pretty good to me considering that most the time I trade the session I never get anything. I think I have devised a good exit with this thta seems to be working pretty well.

I do however want to trade this during the London session, I just have to get myself to wake up.

Would you think it would be the safe to stay out since the NFP is coming out and since there are such mix sentiments on the rate change? Also, how do you fair on Fridays with trading this? Thanks.

Adam

[jcarrier]

I guess I am seeig that this system isn't as cut and dry as i thought. Lots of instinct needed.

Here is my question...I see lots and lots of IB's and their opposites for trade opportunities, however many of these come when stochatics are not near 20 or 80...so what do we do in this situation?

Do we stay out of the trade if stochs dont match up?

Should we only trade with the 4 hour or daily trend?

Thank you for your help...Joe

[jcarrier]

Is there a way to filter out false signals...I saw a trade today on the pound that gave a short signal and then the next 2 15 min candles shot up 60 pips...it was 13:30 candle that gave the short signal (GMT+1:00)

I really like this system but cant figure out what I am doing wrong...I fell good knowing it works because James says the big banks use it!! That alone excites me...please any advice? I want to get to the point where I just trade one system...thanks...Joe

[ahefner33]

Joe...

Try using it on the 15 min chart. Also, go back and just watch stochastics. Almost everytime it is sitting above 80 and starts to fall out, it almost everytime falls to the 20 even if it curves up in between, it most the time eventually continues until it reaches the 20. So if you get the IB when in the 80 and it turns, take it and just set your stop loss where your comfortable and once it falls a little bit and stochs have not reached its bottom just move the s/l to break even and let it ride until there is a turn right at the 20. I mean even if it does come back after stochs turn in the middle, at least you break even. Do you see what I am talking about?

Also, weren't you one of the regulars over at forexclarity?

Adam

[jcarrier]

Hi thank you...so you are saying pretty much to take only the IB entries at the 20 or 80 right, to play it safe??? I am trading this on the 15 minute like James says to cut out the noise.

If I look at only the IB I see alot of signals that are negative so I believe they need to somehow still be filtered, thats why I am trying to figure out exactly how to implement the Stochs.

I am still active at ForexClarity...just hungry to find the right system and more knowledge....how about you...thanks again! Joe

[ahefner33]

Originally Posted by jcarrier

Hi thank you...so you are saying pretty much to take only the IB entries at the 20 or 80 right, to play it safe??? I am trading this on the 15 minute like James says to cut out the noise.

If I look at only the IB I see alot of signals that are negative so I believe they need to somehow still be filtered, thats why I am trying to figure out exactly how to implement the Stochs.

I am still active at ForexClarity...just hungry to find the right system and more knowledge....how about you...thanks again! Joe

Joe,

Thats what I look for. When you see the stochs in the oversold area though you need to be a little careful if you get a cross down and a IB because stochs can stay in the overbought area for a while and the pair will continue to raise. I wait for it to come out of that area and then you know it has to fall to around the 20 area eventually. Most the time, from what I noticed, once it turns around the 20 area it shoots back up. This is how I have looked at it and I give a comfortable s/l and let the stochs ride down or up. Also, he mentioned that if you watch the candles and if the next candle opens in the top half or bottom half of your candle (top half - long / bottom half - short) this gives a good indication which way its headed. Also, plot the .0025, .0050 , .0075, .0000 areas and see how many times the price reverses there or rallies after it breaks it.

Yea, I remember seeing some your post over there. I look over there once and while now. Im using there 4 hour system but there intra day system I gave up on because it did not work for me at all. I also tend to stay over here and ask questions because seems Nick usually does not like answering questions and usually gets mad if you do. Are you using any of there sytems? Talk to ya later.

Adam

[james]

This is true however there is lots of options to make money ,in part 2 of my system i will but 4 set up's in .if you Master this you don't need them ,if you are new it will blow your mind if i put them in now.




James