40 to 90 Pips a Day

Trading Systems Free Forex Trading Systems
1

Hi there

Sorry to post again its just i did not realise the newbie section was just for questions you would think i would after being in for 6 years.

Good day to you all I would like to share with you not a system but a method of trading that I have used for more than 15 years which is based on institutional trading.

Most people don’t know 9 major banks together with several institutions move around 60% of the volume in forex, Understanding how institutions work and manipulate the market is the only key to consistently profitable trading .

Following the bank’s allows traders to understand and track the activity of the banks, If you have a business to be successful you need a business plan, Banks are no different, the same with brokers, ask your self why on earth would you follow brokers advice on trading strategies and Indicators when they only make money when you lose. Understanding these techniques puts us in direct opposition of what is taught today, I’m sure every trader reading this has tried every price pattern, candle pattern, indicator, moving ave, ea and robot. Even price action how does it work, how does it relate to what the institutions do?

What has been the result?

The bottom line is every forex trading strategy out there tries to apply rules to a market that the institutions control, when we should all really be learning how to track bank trading activity this is true price action.

How the Institutions work

every week the institutions move the market in Levels over 5 days normally from Monday to Wednesday in a direction then Thursday to Friday a possible reversal. These Levels can be seen on any time frame the higher the better and each day the Levels can be made up of smaller Levels on a daily basis. They can be hard to spot at first on smaller time frames so i look at the 1 hour chart.

It is these Levels i look to trade and follow the institutions trading cycles.

The institutions also move the market in certain patterns every day, One of those patterns is consolidation the trade calls it Accumulation this most traders hate but its one of the best pieces of information on the chart, the next is manipulation.

ACCUMULATION / MANIPULATION

This where the institutions are taking their position’s.

You and me when we want to enter a trade we simply press the buy or sell button institutions cant do this other wise price would shoot up 1,000,s of pips at a time and frighten anyone out of the market, so what they do is keep putting on their positions over a period of time we call consolidation the institutions no what direction they want to push the price, after all they control it short term and try to force everyone into trading in the opposite direction in order for them to buy they need sellers once we start selling they can buy then when the selling runs out of steam because we realize price it not going the way we want price goes in the opposite direction and usually shoots up. This is one part of the institutions manipulation.

This is the reason why indicators and ea’s, macd, robots and all the others DON’T work long term they simply loll you into 1-2 winning trade short term and even more losses just like a casino.

We will never no what orders Institutions are working on they do work together sometimes in order to move the market.

All I do is spot the signs they leave each day at certain times to jump on board and follow there trades.

I would like to share the trades I take on a daily basis to give you an idea of how to trade profitably like the Institutions and see where YOU can jump on and ride the wave.


What you will need

1 hr Chart
15 min Chart
Plot last 3 Days High and Lows

If your new to trading I would look to trade 1 pair: EUR/USD

Trades will run most times for 40-90 pips a day
(unless it runs over for the next day this does not happen often).

I look for a 1-2 risk/reward 20 pip stop on EUR/USD

I trade London open best trading time for 2 hours and US open 2 hours 2nd best trading time.

Never Risk more than 2% of your account on any trade

The Method

How I Trade

every morning about 6.30 I pull up the 1 hour chart and daily to get the lay of the land the big picture so to speak. On the 1 hr chart I have the last 3days high and lows as support and resistance you don’t need more than that for day trading next I have a 15 min chart which is what I look at for taking the trades.

Then I need to see the Bias of the day

is it an (Up day or a Down day) which the waves and cycles tell me.
then simply wait for a set up to occur and take the trade.

The set ups to tell you the trade is ready

these patterns happen over and over again at certain times of the day, what I will show you is how to put it together and trade properly.

Candles to look for for extra confirmation for entry.

Pin bars, spinning tops, morning and evening stars, Reversal candles

I will show you how to trade the set up’s and when, also types of entry aggressive and conservative.

ONE POINT TO REMEMBER: TO FOLLOW THE TRADES IT’S NOT ABOUT CANDLESTICK PATTERNS OR INDICATORS IT’S UNDERSTANDING WHERE PRICE IS LIKLEY TO TURN AND WHY, THESE ARE THE WAVES AND CYCLES, ONCE YOU NO THIS INFO YOU CAN BE VERY PROFITABLE AND TRADE A LONGSIDE THE INSTIUTIONS.

I will post Trade Reviews and Charts each day of trades taken which you can follow

This is not about taking 10 trades a day it’s about taking a few Quality trades per week for a nice profit [B]and being in the 5% of successful traders and make money.

I also offer
[/B]
[U][B]FREE LIVE TRAINING SESSIONS AVAILIBLE:

MONDAY’S AND TUESDAY’S
9.00-11.00 AM NEW YORK TIME / 14.00-16.00PM GMT

Whats Covered
[/B][/U]
How to spot when the banks are making there move and taking positions.
How to enter trades at the right time to give maximum profit.
How to set profit targets.
How to spot the tricks the banks do, but dont want you to no.
How the banks trade Cycles and Levels and how to count them.
How to spot what direction you should be trading for the week.
How to spot the high and low of the day being set.
How to spot what times of the day are the best to trade.

[B]Live Room

[/B]

Chart Room 1.jpg700×438 46.6 KB

To Register log on to SKYPE My ID: forextraderukgroup

Regards

James

2

This looks very interesting and promising, will follow for the upcoming days to see the reviews :slight_smile:

Will the rules of the method be explained only on Skype, or does it slowly become clear once the thread grows? Would love to read more about it.

3

Hi there Mones

I do try to do both but skype is easyer but will do screen shots as well

Regards

james

4

I don’t get it. you already have a thread… why this one?

5

Nice work @james. This thread is going to be a nightmare for brokers with this technique!

6

excellent, I am so glad that I am trading the same way, but I didnt know this is how institutes trades as well. :smiley:

I have send u add request.

7

I’m interested on 2 hours London open.
Will follow tread
Rick

8

Hi there Good Morning

Hope you all had a good weekend

Today i am looking at the euro/usd

My Bias today is long for this pair i will look for a possible pull back then a move up to 12265 and then a possible 2nd target of 12290.

There is some euro news out at around 10.00 GMT can move the market so just be aware of that.

Thats it for now will keep it updated if anything changes.

[B]Update on the euro [/B]

I was looking for a long trade on this pair today after a pull back but i have been watching this pair up to 10.00AM the bias has changed to the downside for now so i will not be looking for any shorts at this moment today.

Regards

9

I’m looking for a long trade on EURUSD. After looking the majors I think they are on support, and giving me a possible 25-30 pip target for a long trade.

EDIT

I traded it! Placed one trade at trend line break, and another trade at better price and closed at 200ema@15minute for a total profit of 53 pips

11

Hi there medisoft

Well done good i was on a phone call and miss the pound trade there is always tomorrow

Regards

James

12

Hi there

Well price did eventually turn and go to target but i didnt take the trade because it was the news for retails sales in the US that caused it the push up

Regards

13

Hi There[B]

Risk-Reward-[/B]

For New people learning to trade the key to making money is the risk factor and getting the right entry. This is why most systems fail because the risk is to great take Moving average cross over trading by the time you enter the trade it is nearly over so entry has to be key, also what is your risk this is the most important element of taking a trade how many times have you taken a trade in the right direction only to for it to turn back knock you out by 3 pips then go back in the original direction.

This is because the market is very heavily manipulated against you right from day 1.

Who does the market love?

New traders why because the 1[SUP]st[/SUP] thing they do is try to find a trading strategy based on indicators because they feel this will give them the edge and its easy, watch this when it crosses over buy. It doesn’t work long term all it does is take your money slowly.

So 1[SUP]st[/SUP] how to look at risk and entry

I would say never risk more than 2% of you capital on a trade.

If your new to trading the EUR/USD is a good pair to trade the spread is low around 1 pip normal. I use a 20 pip stop on this pair the market needs moving room and your risk reward should be 1/2 so with a 20 pip stop you would look for 40 pips profit minimum. What this means is unless you can take 40 pips minimum don’t take the trade this will help you to stop over trading. It will teach you only to go for the best set ups and more important patience.

When your new look to take 40 pips per trade no more learn discipline learn how to read the market how to spot a set up and then ride the wave to 40 pips get out.

You will normally have about 2 chances per day to take a trade if your trading 1 pair this will be around the London open and the US open avoid the Asian session altogether if your new. The EUR/USD moves around 70-90 pips a day take this into consideration before entry is there enough room left to make your 40 pips try and avoid trading on Mondays and Friday’s at 1[SUP]st[/SUP] markets can be choppy and low volume.

Regards

James

14

Hi there James here

[B]So let’s look at the method[/B]
The institutions move the markets in levels each week they do this on a weekly and daily basis.

It is these levels I look to trade if we take the EURO/USD this pair moves on AVE 80 pips day and around 240 pips a week after the pair has achieved this it will usually turn the other way over the course of the week.

[U]This gives us quite a lot of info,[/U]

If the euro moves 80 pips on Ave a day all we need to do is work out where the start of the move will begin and once this range has been completed it would give us an area to get out.

So what the levels tell us is the high probability area where to get into the trade and maximise for the most profit.

These moves happen over and over again and at certain times of the day.

This is the principle of the method.

Regards

James

15

Hi there James here

Today i am looking at the EURO/USD

Bias is long so far going into the London open

I will wait for a pull back then a move up to 12320 area then a possible 2nd target of 12330

The Euro has nealy completed its weekly cycle for this week and most of it has been due to news releases than normal price action so i find this week the pull backs have been a little deeper, there is more news out today during the london session with high level UK news coming out, for the Euro at 10.00am UK time there is the germam ZEW report coming out that can move the market so just beware.

Will update

because both the euro and the pound have possibley made there cycles for the week the last cycle push is very small so i am looking at another push the Alternative to this is a move up to yesterdays highs followed by a move back down.

Regards

18

James, thanks for this. I spotted both buy (AM) and sell opportunities (PM) using your method. My first order at 1.2270 (6am GMT) did not materialize and expired at 12GMT. The second entry (short) was at 1.2295 and I witnessed the euro plunge an hour or so later for 50 pips :slight_smile:

What do you mean when you say that Cable and Fiber have completed their weekly cycles?

19

Hi there B2spirit

The pairs move a certain amount of pips in a day and in a week after this there is a change in direction if your free pop into the free room to learn more.

Regards

Jmaes

21

Hi there James here

Well the alternative move did happen it does look at the time of writing this the euro has finished its cycle to the upside for the week but i will know better in a couple of hours price moved to the high with a setup for a short and moved down of 126 pips

Only problem was we were not in the move.The move did co inside with news that could have moved the market either way so we stayed out. But lets look at the move anyway for entry

euro.jpg700×438 39.1 KB

So as we can see price made a high on the left hand side and around 10.00 Uk time made a new high with 2 sets of reversal candles this was a classic topping formation and would signal a short marked in green and an exit would have been at a big number or when 80 pips had been reached.

Hope this helps will be back in a couple of hours for the review.

Regards

James

22

Hi there Good Morning everyone

Again today i have 2 options for you as 1 of the last criteria was not meet so i need to take this into account again to day.

EUR/USD

I needed to see the euro move up 80-90 pips yesterday on the last move up and it only moved 50 pips so today option 1 would be the euro moves down to around 12255 area form a set up and moves back up to 12330.

or

The cycle is complete all be it shorter than i wanted and price will move down if this is the case option 2 is

price to move up to 12310/12316 form a set up then move down to 12255.

THATS IT FOR NOW

23

I don’t mean to flame but aren’t you the same James being talked about here?

http://forums.babypips.com/free-forex-trading-systems/28776-where-james-40-100-a.html

26

Hi there James here

Here is the trade review for today

I did not take the euro in the end as the GBP/USD gave a clearer entry, but the euro trade did work out as well . the pull back was smaller than normall on both pairs but i did go over this in the room.

So here is the trade the green line is the entry and the red is 1st take profit the purple line is because i stayed in the trade looking for a further move down which did not happen and that is were my stop was so around 30 pip move only in the end.

dollar trade.jpg700×438 38 KB

See you all tomorrow

Regards