Between 40-100 pips per Day

[james]

Hi Everyone



IB TRADING


This system is very simple and requires only one indicator.



The system works in anytime frame and with any pair

The Indicator you need is Slow Stochastic setting 8.3.3 some platforms will only allow 8.3 that’s ok.

Next the key part of the system in all trades is the INSIDE BAR or IB

An IB is simply when the current bar is less than or equal to the bar to the left of it. The inside bar can also be the same size as the previous bar.


THE INSIDE BAR is a standard technical analysis pattern; however most people over look it. You can also use an outside bar or OB.



HOW TO TRADE THE IB

First look for an IB to form then check if it’s a valid IB with the stochastic indicator set up.






STOCASTIC INDICATOR SET UP

when stochastic are below or around the 20 and oversold and starting to hook round look for an IB to go long, When stochastic are up to 80 and above and starting to hook round in overbought look for an IB to go short you will find them the best in trending markets also range bound markets but if the price action is choppy stay out.

The Stochastic don't have to be exactly 80-20 but it is stronger signal if they are. Sometimes as an example they may at 35 as long as they start to turn and hook up and an IB forms it’s a possible valid trade.




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.



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.



STOPS & EXITS

For stops and exits you can trail a stop at the bottom of the prior bar to the IB by 1-2 pips if you’re more Aggressive 2 bars below the prior bar to the IB.

Exit when stochastic cross in the opposite direction but becarefull when going long as when stochastic hits 80 it can hang around a while first before carrying on up or just staying flat in a strong up trend so wait for a hook down and heading under the 80 level or a reversal candle to exit.

Also to exit look for the big numbers if you were trading GBP/USD for example look for the market to turn around at 1, 9000 / 1, 9020 /
1, 9050 / 1, 9080

Try not to enter trades around the big numbers wait for price to go through and retrace to the support or resistance then look for an IB to form and take the trade.

I look at a 1 hour chart first and see what the over all trend for the day is going to be then trade off a 15 min chart for the day.

One of the benefits of this System is it can get you into trades early before the crowd.

Once you have demo the system how would you like to trade live with me.


Register here at my live trading thread

40-100 pips per day LIVE TRADING






Regards
Jim

[mustang]

Please learn to spell!
"A fool and their money are soon parted" is the correct version.

[elang]

Originally Posted by mustang

Please learn to spell!
"A fool and their money are soon parted" is the correct version.

That quote is so befitting, having read the below...

-It doesn't use Fibonacci analysis.
-It doesn't use Elliot Wave analysis.
-It doesn't use Gann analysis.
-It doesn't use moving averages.
-It doesn't use volume analysis.
-It doesn't use complicated pattern analysis.
-It doesn't use any break-out techniques.
-It doesn't use trend-lines.
-It doesn't require any expensive software.
-It doesn't trade off of news.
-It doesn't use support or resistance.
-It doesn't use pivot points.
-It doesn't require previous market experience.
-It doesn't use head and shoulders patterns.
-It doesn't use flag, pennant or triangle formations.
-It doesn't use price channels.

You never know though, it could turn out to be a very interesting system.

James is experienced and creative. I am eager to see what he has come up with.

Regards,
E. Lang

PS: Just curious tho... Does it make breakfast in the morning ?

[machiavel]

Hi new guy here.
Is that a system?
If it is then I am all for it.
I don't want to do none of the listed 'It doesn't require...'
Doing the above is too much for a low IQ wannabe.
The only thing I want is to click trade and reap pips.
Cuz I am that low IQ wannabe.
It is not listed but I suppose that it has no drawdowns too.
If it does what it says I will 'plunge in' and make me a bundle.
It surely looks 'better' that HYIP.

Let's have the system asap.

PS 'plunge in' although Elvis said "Only fools rush in..."

[topgun]

Wow, you got my attention . I'm still using your 45-a-day system and loving it so I look forward to seeing this new system. You didn't mention gartley patterns, does it use them?

Topgun

Originally Posted by james

Hi Everyone

Been away for a while working hard have developed a great system to earn the above amount of pips per day more than possible.

very simple and easy to use

It doesn't use Fibonacci analysis.

It doesn't use Elliot Wave analysis.

It doesn't use Gann analysis.

It doesn't use moving averages.

It doesn't use volume analysis.

It doesn't use complicated pattern analysis.

It doesn't use any break-out techniques.

It doesn't use trend-lines.

It doesn't require any expensive software.

It doesn't trade off of news.

It doesn't use support or resistance.

It doesn't use pivot points.

It doesn't require previous market experience.

It doesn't use head and shoulders patterns.

It doesn't use flag, pennant or triangle formations.

It doesn't use price channels.


Can be used in any time frame any currency Pair.


And its totaly free


Will post on sunday ready for next week.

Wish everyone a good day today its going to be a hard one.


Regards
Jim

[elang]

Originally Posted by machiavel

Hi new guy here.
Is that a system?
If it is then I am all for it.
I don't want to do none of the listed 'It doesn't require...'
Doing the above is too much for a low IQ wannabe.
The only thing I want is to click trade and reap pips.
Cuz I am that low IQ wannabe.
It is not listed but I suppose that it has no drawdowns too.
If it does what it says I will 'plunge in' and make me a bundle.
It surely looks 'better' that HYIP.

Let's have the system asap.

PS 'plunge in' although Elvis said "Only fools rush in..."

... oh man, i can already see all the accounts you're gonna margin call with that attitude and mind set.

Good luck!
E. Lang

[priest9]

mmm, i'm very interested...

[pipbull]

Originally Posted by mustang

Please learn to spell!
"A fool and their money are soon parted" is the correct version.

Your first post and the most you can do is insult the guy? Take a look at his posts my friend and i think you'll see that the benefit of his contributions far outweigh any inconvenience his spelling errors create.

[mdietrich]

Sounds interesting, and looking forward to seeing what you do use as opposed to not using.

[elang]

Originally Posted by pipbull

Your first post and the most you can do is insult the guy? Take a look at his posts my friend and i think you'll see that the benefit of his contributions far outweigh any inconvenience his spelling errors create.

Introducing the newbs to the first hand of discipline i see ? lol

Hai!

Regards,
E. Lang