Between 40-100 pips per Day

[nuvision]

James

Thanks for sharing this.

I'm very interested in getting your information on how to trade the news. I have tried to straddle and it doesn't work. I've read that most time a few minutes after the news, the price reverse (I have been unable to backtest this) and I have tried to box trade (trade after 15 mins when a channel is form) however this doesn't always form. Please me know how to trade it to be profitable, I would like to try your method on Friday during the NFP. You can email me if you don't want to post it yet. Thanks and I look forward to your News Trading System.

[jcarrier]

Thank you pipping toddler...

How is everyone doing with this system? Anyone think we should start to share our daily results?? Joe

[ahefner33]

Originally Posted by jcarrier

Thank you pipping toddler...

How is everyone doing with this system? Anyone think we should start to share our daily results?? Joe

Jcarrier,

Hey. I have done so so with this on a practice account. My problem is knowing when to exit. I haven't yet got any trades that go up to about 20 pips, which James recommended taking only those that can make the most out of the spread. I also have not traded this during the London session either so. I think it is legit though because every trade that I have taken flys my way, I just do not get out at the right times, even with the trailing stop.

Adam

[rickw00716]

Originally Posted by ahefner33

Jcarrier,

Hey. I have done so so with this on a practice account. My problem is knowing when to exit. I haven't yet got any trades that go up to about 20 pips, which James recommended taking only those that can make the most out of the spread. I also have not traded this during the London session either so. I think it is legit though because every trade that I have taken flys my way, I just do not get out at the right times, even with the trailing stop.

Adam

Are you on the 5min TF?

[james]

Hi Rick
The way i trade S/R levels are as follows when price moves up to resistance is if price carries on then wait for a retracement to what will now be support then see if another IB form's and take the trade do the oppersite for support.
More often than not a IB will form but the answer to your question is yes.

To Adam you can trade any amount of pips you want i say min 20 because thats what i do i want to catch the big moves this system requires and any system dont rush i look for two good trades a day not keep in and out. you should easily make 60 pips aday if you are not you are doing something wrong.Thats if you trading full time if you only do a couple of hours a day then trade from 7.00am -10.ooam uk time should get 20-50 pips on ave.

Hope this helps

James

[james]

Hi There
One of the key mistakes i feel people will do with this system is get in to late and lose pips.

What i meen is when the IB forms then the next candle forms you dont enter after 1-2 pips you think oh well i will just wait a little longer see if the bar goes up, If the next bar to the IB goes up 1-2 pips and the stocastics are starting to turn or have turned enter the trade they are not all going to be winners but if you enter right and it only goes up 3-4 pips you should be out at break even.

Back test the last 2 days see how many IB formed and how many were winers and you will be surprised.

Hope this helps

James

[ahefner33]

James,

Hey, How you are today? I understand what your saying. I guess my problem is finding the ones that move. I find plenty of setups during the day and If I see and IB setup and the main trend and current trend is down, I wait for a curve down in stochs and a IB. I do not know what else to do different? They do move my way but never by the 20. Maybe 6-10 and then it turns and Im stopped out at breakeven most the time. What do you do when you have a main trend but your 15 and 5 min charts are conflicting with each other or right on the 60 SMA? Once again I like the system because not once have I had a setup go against me from the beginning. I just have to find a better way of playing them once I'm in. Thanks again.

Adam

[james]

Hi Fourex

No look for IB's and stocastics on the main chart only if you have been reading my how to set up your chart tread forget that now just before you trade look for the direction of the price.

The easy way is to but your chart on 5 min / 15 min what ever you want is the price moving from the bottom left hand corner to the top right then its an up trend . Is it going from the top left to the bottom right then it's a down trend i would do it this way first get to learn the system then learn more.

Hope this helps

James

[james]

Ahefner

What i would suggest is you use only a 5 min chart for now and yes lot of moves are 5-10 pips at the moment the last 9-10 days have,nt been great all round for realy big moves the last one was friday last week at 4.15 pm Gmt but when are you trading which session and what pairs.

James

[james]

Here is an example of my trade this morning

1st entry was @ 8.10am uk time after the IB Exited @ 9.50 am about 18 pips
so not quite my target

2nd entry was at 9.50 right away Exited 12.35 for 32 pips total 50 pips

That was on GBP-USD i always trade this pair in the mornings.

Please understand i dont use stops i let trades run there course but for the perpose of showing new people the system its safer to use a traing stop or reversal candle for a stop in a bullish run like this morning the 2nd trade i let it run you guys would have be stopped out a couple of timeunder rules but still made some money i trade very aggressive.

James