Between 40-100 pips per Day

[FXCaribbean]

Originally Posted by james

Hi there James here

Can anyone tell me how to post a big picture in the main area rather than just at the bottom.

Many thanks

James

Hi James,

Open an account here and they give you the code that should be added to the forum each time you will upload a picture.

If you're a little bit lost, you can also have a look at one of tymens post here and try to do as if you would answer using "Quote", then you will get the typical code.

Hope that will help you.

PS : I've sent you an email about the liveroom as king.... @gmail.com, Would you check that for me please ?

[james]

Originally Posted by pipnailer

Thanks for all your insight James. It's so painful that i cant join in the live lounge because i cant load the chat room on my system (was told that it usually gives a hard time to those on Vista operating system)

Considering getting a new system when i'm able to so i can join immediately.

When you download download as RUN AS ADMINISTRATOR I and many others in the live lounge use VISTA

[highwinds rancher]

Hello- I am new to this group and have found this excellent thread. There appears to be 2 systems that James has created. could someone kindly describe these 2 (IB and 45 pips per day) so that I may test them myself. And could anyone speak to their effectiveness. I apologize for asking this question as I am sure this info is buried somewhere is the last thousand posts but I am unable to find it. thanks again for all of you insight and assistance.
Highwinds Rancher

[pipnailer]

Originally Posted by james

When you download download as RUN AS ADMINISTRATOR I and many others in the live lounge use VISTA

Well, i guess there's something else wrong. Anyway, i got to download it on a borrowed system, so.......

I sent you a mail James, hoping to see your reply soon. Thanks for all the help

[oraqua]

Originally Posted by highwinds rancher

describe these 2

IB system is described in 2 threads, i think you should read those 2 threads, basically it's trading to making money and knowing what you doing, day in day out, surrounded with a taste of sarcastic jokes, nice soundtracks and live education all together you not only learn something after 2-3 weeks you could take your own live trades with the group and earning by learning, my first english rhyme... effective is the IB system this is fact, you can download all the pictures which james have posted, basically these are live trades taken in the group by live members... in germany we say "name ist programm", basically this means the name of the thread is what we do day in day out... What this 45 Pips system is i don't know, but for this there exist a thread somewhere...

and why walk the easy way? if we would explain you what this method is about, you know it, but if you study these threads you will also learn why it works and how it works?

Regards

Stefan

[james]

Hi there James here

Ok the £/$ for this week coming

The British pound ended last week down more than 2 percent as UK GDP unexpectedly stagnated during Q2 and led the annualized rate of growth to slow to a 16-year low of 1.4 percent. UK expansion was plagued by a host of factors, and while the Bank of England has made a point of discussing their concerns about the upside risks to inflation and intent to maintain price stability, it’s worth wondering how long the central bank is willing to stand aside as the economy falters.
The markets are betting that it won’t last for much longer, as Credit Suisse overnight index swaps continue to price in over 50bps worth of rate cuts within the next 12 months. Looking ahead to this week, the economic data scheduled to be released isn’t likely to sway the markets into thinking otherwise.but it may have further to fall first.

On Thursday, CBI distributive trades is forecasted to show a mild improvement in orders while consumer confidence should worsen. The former report could hold a bit more weight than usual with the markets, as the Bank of England has recently stated that they were looking at survey data more closely given the volatility that tends to occur in the official statistics. Overall though, the economic is not good for the UK economy and thus, the British pound.

Given the oversold nature of the GBPUSD on a daily basis along with the potential support from a line parallel to the line drawn off of the November 2007 and July 2008 highs, the GBPUSD is vulnerable to a sharp pullback; to relieve the market of its extreme pessimism

Good trading

[TheDarkPip]

James ” 40-100 pips a day ” system in a nutshell


Tools: Only one tool “Deal with it “

1. Slow stochastic- Setting: 8.3.3 or 8.3 is fine

Rules:

1. The Inside Bar (IB) must be “Engulfed” by the outer (Previous) candle.

Note: The (IB) can be the same size of the outer bar to be considered a valid trade.

When to trade:

1. If the Slow Stochastic moves “Around” or “Below” the 20 on the oversold
we are looking to go “LONG/BUY”

2. If the Slow Stochastic moves “Around” or “Above” the 80 on the
overbought we are looking to go “SHORT/SELL”

Note: Look for a hooking motion (Think of Captain Hook’s actual
HOOK) on the Stochastic meter. This helps with identifying when to
enter in the trade.

3. ( IMPORTANT )

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.

4. ( IMPORTANT )

If after the IB formed you get another bar the same size as the IB and it
doesn’t go 1-2 pips either way then you may look at up to 3 more bars
after the IB bar to confirm a signal and enter a trade. If you don’t get a
signal stand a side and wait for a new IB to form.

Exiting a trade:

There is not “SET” method for exiting a trade. Please read the forums for more advice on this matter.

Last words of advice:

If you are new to this system please “DEMO” trade is for a minimum of 1 month.

If you’re a pro “DEMO” trade for 1 week or a little longer. This is just to break old habits.

** I TAKE NO CREDIT FOR ANYTHING ABOVE. THIS IS ALL JAMES SYSTEM. I HAVE JUST PUT IT IN A FORMAT THAT IS EASIER FOR ME TO UNDERSTAND AND SHARING IT WITH OTHERS WHO MAY HAVE A HARD TIME WITH IT **

[tonymand]

In reality there is a lot more to this than Dark Pip is aware (or at any rate has posted). The random trading of IB/OB is a certain loser. I would strongly suggest anyone with a real interest in this effective method join James in his live trading room. If for any reason you cant do that then consider this approach in conjunction with ideas in Tess' thread

[TheDarkPip]

Originally Posted by tonymand

In reality there is a lot more to this than Dark Pip is aware (or at any rate has posted). The random trading of IB/OB is a certain loser. I would strongly suggest anyone with a real interest in this effective method join James in his live trading room. If for any reason you cant do that then consider this approach in conjunction with ideas in Tess' thread

I agree 100%. But with anything in life you need to have a basic understanding to move forward. I think some people struggle with the concept of the system. All I did was post the basics of the system in a format that was easy to understand for me or maybe for someone else.

I have a "Real Interest" in this system. If I didn't i wouldnt of taken the time to read over 200+ pages in 2 seperate posts. I wouldnt have taken the time to put the system in an easy to understand format for others who may have been struggling. I plan on joining the live trading room but my work schedule demands other.

I also agree that anyone who is interested join the live trading program. However let me repeat.... " If you can't undertand the basics then it is pointless to join something more advanced. I feel ( and this is only my feeling ) that trying to jump forward when not understanding the basics is like doing basic math and jumping into advanced calculus.

So to suggest I dont have a " Real INterest" in this system truly offends me since all I was doing was simply supplying a basic foundation for others to come in and learn a valuable system.

[Sweet Pip]

Originally Posted by TheDarkPip

So to suggest I dont have a " Real INterest" in this system truly offends me since all I was doing was simply supplying a basic foundation for others to come in and learn a valuable system.

Hey DarkPip,
I don't think tonymand was saying YOU don't have a "real interest" ... his statement was directed to & said "anyone"...I think at times WE (me included) tend to read something into things that's not there.