40-100 pips per day LIVE TRADING

[john_tse]

hi, im interested in the system, how can i do to learn it?

please help me

[MasterPlan]

Here you go John:


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.

[john_tse]

Originally Posted by MasterPlan

Here you go John:


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.

Hey MasterPlan thanks for the answer!

What about the group of live trading? what is that?

Can you post some image of any trade of you? I would like to see the system in action to understand better.

[MasterPlan]

Your welcome John

1.The live group is james services, where he shows you how to trade this system.

2. If go to page 11 or post 248 on this forum you can see one of my trades in action.

[john_tse]

Hi MasterPlan, thanks again:

do you use OB for short position and IB for long positions?

i would like to have you e-mail, here is mine: juanmanuel_fa@hotmail.com

[scammed]

Big surprise. What was promised as a one time only fee is now a monthly fee room. What about the promised daily targets? Gone also I'm sure. Gotta give him credit for mining newbies on this site for a monthly cash cow.

Also wondering why such a big time trader is trading single lots with a market maker like Oanda instead of multi lots with an ECN?

[tonymand]

Originally Posted by scammed

Big surprise. What was promised as a one time only fee is now a monthly fee room. What about the promised daily targets? Gone also I'm sure. Gotta give him credit for mining newbies on this site for a monthly cash cow.

Also wondering why such a big time trader is trading single lots with a market maker like Oanda instead of multi lots with an ECN?

Are you a subscriber or just someone else that wants to take potshots without knowing what you are talking about. Masterplan has just reproduced the system within the last few pages. Its free, its there, end of story

[MasterPlan]

To James:

1. Do you use OB for short position and IB for long positions?

No, I just look for IB's long or short.

Im really new to this system too, so if you need anymore information on it, i would direct your question to Tony or Tess.


Master

[Tess]

Originally Posted by scammed

Big surprise. What was promised as a one time only fee is now a monthly fee room. What about the promised daily targets? Gone also I'm sure. Gotta give him credit for mining newbies on this site for a monthly cash cow.

I can understand your attitude. I’m also not a great fan of snake oilers & grail sellers, but I don’t really think this guy should be lumped in alongside those low life bandits.

He’s been up front with his strategy from day 1 & helpful to forum members when they’ve asked questions & requested assistance. In fact, he’s been quite patient considering the multitude of repeat questions he’s been inundated with. It just shows the type of characters who “chase the rainbow” constantly on the mainline public boards. They just don’t take the time to read properly or can’t be bothered to do the research/work.

If the guy wants to receive some rebate for the time & effort involved in tutoring those who don’t possess the confidence or initial skills in going it alone from the outset, then fair play. I’m damned sure I wouldn’t work for free if it involved my precious & valuable time. And I’d sure as hell be charging more than the chicken feed James is asking, & that’s a goddamned fact!

Like Tony said, it’s all out here for free on this & the other 40-100 pip thread. There are god knows how many chart examples (quite a few posted live as they were unfolding) & in-depth explanations as to how & why the trade set-ups were arrived at. Hell, there’s even a rough, crude guide to supplementary support & resistance (supply-demand) to further assist in planning the trade executions.

I would imagine these 2 threads will continue to be updated & added to on a regular basis, so those who are either “in school” with the James trading room, or have graduated their classes, can post alongside those who have just picked up the strategy specifics & run with it? Anyone who wishes to use this set-up & doesn’t wish to pay for training, will find all they require (answers & explanations etc) on the threads I shouldn’t wonder?

Anyone, other than real ‘greenhorn’ newcomers to this game, won’t really require to be resident in a training room for too long. And even those who are reasonably new to trading, should only require a few weeks hand holding before going solo with the strategy.

It’s hardly rocket science!

To be brutally honest, a good percentage of these folks shouldn’t really even be in demo-mode. Quite a few have yet to grasp the bare basics, let alone the in’s & out’s of an actual demo/live trading gig.

Little wonder this business is constantly strewn with charred & burning remains of trading accounts. Folks simply don’t give themselves sufficient time to learn. Still, that’s another subject altogether.

I guess at the end of the day, it's simply another example of "supply & demand" - as long as there are folks who crave knowledge & tuition, & there are (genuine) folks willing to step up & take on the task, then the momentum flow will exist?

Like anything else in life - ensure you research thoroughly & concisely before investing your time or money!!

[tonymand]

Originally Posted by john_tse

Hi MasterPlan, thanks again:

do you use OB for short position and IB for long positions?

i would like to have you e-mail, here is mine: juanmanuel_fa@hotmail.com

John. Your first job (which will take several hours) following reading the plan that Master has put up is to go through the 2 40-100 pips threads in detail and fully digest the information and examples. There is no shortcut to this and it will probably take you in the region of 8-10 hrs and will be extremely worthwhile to you. If you are new to trading you should do babypips school first. After that I think you will find your questions answered. Having said that no, ibs and obs are not traded that way and there is more to it. So good hunting