The Most Profitable Trading Pattern You Will Ever Encounter

vasilis1961 · November 16, 2015, 4:32am

Good morninig,
my proposals
AUD\CAD PENDING BUY
GBP\CAD PENDING BUY

Of course we should also take into account the daily chart for our entry!!

rocaway · November 16, 2015, 6:06pm

AUD/CAD is looking good

teeandco · November 16, 2015, 7:42pm

Yup AUD/CAD looks good!

r2theb2thec · November 19, 2015, 2:15am

Missed out on the AUDCAD opportunity that showed up on the 16th, however, another one showed for AUDCAD on 18th. Latched onto that.

Thanks for the headsup!

r2theb2thec · November 24, 2015, 4:55am

Signals on a few pairs that I saw today based on PhilipPirrips system:

EURCHF - BUY
NZDCHF - BUY
NZDCAD - BUY

Did anyone else also catch them ?

teeandco · November 24, 2015, 8:36am

I’ve been watching NZDCHF and NZDCAD, waiting for a good entry

rocaway · November 25, 2015, 7:39pm

I’m looking at the CAD/JPY pair, looks to be a short on the 4hr. Can anyone confirm?

tonyro44 · November 25, 2015, 9:20pm

rocaway , i don’t see this pair going short just yet. You might want to watch it longer. Now keep in mine that the trading volume will be low for Thursday because the New York market is closed for Thanksgiving day, an American holiday.

rocaway · November 25, 2015, 9:34pm

Thanks Tony… always learning!

Cheer,
Scott

r2theb2thec · November 25, 2015, 11:26pm

@rocaway - I was looking at the same pair to SHORT it based on Phillip’s system. But then again @tonyro44 's comment makes strong argument against it.

But, I am still gonna religiously follow Phillip’s system because it has worked for me more than 75% of the time when it has been the 1st signal. Maybe Phillip can share more light on what he would do in case of major holidays coming up ?

littlemay · November 26, 2015, 5:09pm

PhilipPirrip:

First thing, this pattern is not suitable to day traders. It is a trend following system, but the most evolved you will come across. Only read on if you are willing to hold a trade for anywhere from a week to a quarter.

So most trading teachers will show you a similar picture in their courses. It is all you need to know about price movement. They would tell you price is either trending or ranging. You can only trade profitably when its trending.

Then they show this picture to explain the trend; an upmove (impulse move), which retraces to a higher-low then creates a new, higher-high and so on. Every trading system existed plays on a variation of this picture.

A support-resistance mentor would say the first high is resistance, so trade a break of that resistance. Or trade a bounce of that support. So you try that but it doesn’t nearly work; you can never work out where the exact resistance or support are. Additionally, sometimes support or resistance fail causing you massive losses. So you look for another method.

So you meet another mentor and he tells you about RSI. He would tell you when price makes a higher-higher but RSI doesn’t, you should sell as this is a sign of reversal. Besides the fact this is plain wrong and that divergences don’t foreshadow a reversal (they actually confirm the trend). RSI divergences don’t tell you when to exit. Actually most of the time the divergence is completely neglected and price continues to move in the same direction. So you move on to try trendlines, fibonacci, bollinger bands, harmonic pattern or moving averages. Nothing ever works consistently.

So they tell you trading is hard and its money management is all that matters. Well yes money management is very, very important. But those mentors also know nothing and they teach you bits and parts, a half-truth. That’s why their systems don’t work out.

I will show you a trend following system that works. And its not a breakout system, my trend following is much more accurate. All you need is a 20 Exponential moving average, 50 exponential moving average and a stochastic oscillator.

Lets move on…

ADDED: here is my fxbook account so people can follow.

Saw your MYFXBOOK account, you are currently experiencing -42% lost, how could you approve that this system is the most profitable ?

Bucketman · November 26, 2015, 9:36pm

I believe PhilipPirrip has explained this before - the losses he has had on his account were from trying out a variation of this system - which - obviously - did not work out too well. The losses are not attributed to this system that is laid out here. If you go back through his posts you will see where he explains this.

littlemay · November 26, 2015, 10:21pm

Thanks for correcting me, but is the account relating to his current trading system provided for performance track? Thanks mate.

Warm regards,
May

ForexJer · November 26, 2015, 11:42pm

I hope that I can give you some confident with this system. I used this system for 6 months and I checked last 3 years data for 28 pairs before using it on my real account. I can say that It is a very good trend trading system but like the other trend trading system. Its not working well when the market is choppy. My account still in green after all. I hope you will join us and improve this system together.

r2theb2thec · November 27, 2015, 12:16am

Set ups as of today:
AUDUSD - Buy
GBPAUD - Sell

Keeping an eye out on the following for next week:
NZDUSD - Buy
GBPCAD - Sell
GBPJPY - Sell
GBPNZD - Sell
NZDJPY - Buy

Please feel free to let me know if I have missed out on any pairs or have listed any pair that doesn’t go along with the system.

r2theb2thec · November 27, 2015, 12:29am

I agree with @ForexJer
I have been live only for 3 months now and this has been one of the most reliable systems out there.

I have been trying to tweak the system a lil bit and test the performance but the default system seems to be giving me the best results as of now.

If others have made any tweaks to the system which is giving them superior results than the current system, please feel free to discuss.

littlemay · November 27, 2015, 12:47am

Positive mate, i would def be on board with you guys. Thanks.

Warm regards,
May

tonyro44 · November 27, 2015, 1:30am

I went back to the beginning of the thread to see the rules for philipPirrip system,and it does make sense to me. We all can modify any system to fit our needs. I think he did a great job with it, just remember that is really not suited for day trading.

ForexJer · December 1, 2015, 5:50am

Setup today:
GBPCAD - SHORT
GBPJPY - SHORT
GBPUSD - SHORT

Btw, the GBPNZD short last week is quite juicy.

teeandco · December 2, 2015, 10:51am

GBPNZD was a good call but i missed out on that trade