Between 40-100 pips per Day

[james]

Coolshades

The candle next to the IB moves or open's which ever is first above or below by 1-2 pips

[james]

Hi Englishman

Yes this is ture the IB including shadow must be inside the prior bar not 1 pip over or not 1 pip under
other wise it does'nt count.I think this where you have been going wrong.


Regards

James

[mike1349]

Originally Posted by coolshades

James,

thanks for this system.. i have been pottering around for some time for a few months ..

a couple of queries if you dont mind.

- once the ib forms and the stochs are in place ie: around 20 or 80..you say enter long when the candle next to ib goes 1-2 pips above ib and short if it goes 1-2 pips below ib..i havent understood this. does this mean that the candle next to ib should go 1-2 pips ABOVE high of ib for a long entry and reverse for short? OR does it mean the new candle should OPEN 1-2 pips ABOVE high of ib for long entry and reverse for short?

- secondly, does this system work for 4hr and daily charts as well? what tp wld u suggest on longer time frames..

thanks

Hi,
Excuse me, I am new and I couldn'd find the James system.Would you send me the link please?

[mike1349]

Originally Posted by james

Hi There

The person above scalpir i dont them they hijacked this thread

if you mean the one i posted no i dont use signal sevices at all.
with my system you dont need to the only reason i posted it was its ok for doing your own signals and you dont have to pay any monthly fees its for peolpe to play with realy but it works

Hi James,
Excuse me, I am new and I couldn'd find your system.Would you send me the link please?


Best way is to learn how to make your own signals if you want to do this job full time.

But with this system you only need the scanner thats it.

James

Hi James,
Excuse me, I am new and I couldn'd find your system.Would you send me the link please?

[topgun]

It's right here:

http://www.babypips.com/forums/6433-post54.html

Originally Posted by mike1349

Hi James,
Excuse me, I am new and I couldn'd find your system.Would you send me the link please?

[james]

Page 6 of this thread

[orangutan]

Thanks James,

I dont think even that would have worked yesterday while I was trading (I doubt there would have been enough volatility to cover the spread a lot of the time). I might try to apply this system to a more native currency, such as the AUD/USD.

Originally Posted by james

Hi Orangutan

If you are in a tight range out of the euro session then go to a smaller time frame say 5 mins more noise but will help take few small trades

[edcheong]

Hi James,
This is my very first post.
Firstly, a big thankyou for your generousity and hardwork in sharing +teaching us.

I have 3 questions for clarification before i start trading this method.

(See Attachment)
Question 1) Is example B also a IB? The shadows of the 1st candle is engulfing the 2nd candle BUT the body of 1st candle is not engulfing the 2nd candle.

Question 2) For Buy orders, which (1-2pips) High should trigger the Buy? Should it be the highest of candle on the left or right?

Question 3) Would it be a good idea to immediately place a Stop Order at the highest of the IB immediately when the IB is formed?..so that trade will get triggered instantly when price touches it after IB if formed?

Thanks in advance!
Ed

[james]

Hi
1 / Yes the B is also an IB

2 / 1-2 Pips higher than the candle on the right of the IB

3/ Possible if you want

James

[edcheong]

Hi James,
Thanks for the prompt reply.
I was trying to look for Slow Stochastic indicator in my MT4 but could only find Stochastic indicator. Are they similiar?
Or is there anyone in this forum who can post the Slow Stochastic indicator for MT4? thanks in advance.
rgds,
Ed