thanks for the links roggy, they helped a lot.
also big thanks to johnny for sharing this lovely system and introducing me to the fantastic heiken ashi’s! ^^
Johnny can you please put the link to the authors page of Big E system. Thank you.
Regards.
Roggyfx,
Here is the link to the original thread on FF. Don’t get lost over there! It is a massive amount of info. I will attach an ebook of the system that was put together to help summarize the rules without going through a thousand posts.
Link to thread Trading Made Simple @ Forex Factory
Big E comments.pdf (415 KB)
Here was a nice entry for the EUR/CHF on the 4HR chart. I got in a little late. moving between +15 and +20 pips at the moment.
Thanks for posting the link Amish
This trade worked out great for me this morning. The strategy I am following has a goal of just 10 pips a day using slightly higher leverage per pip.
Many traders are doing quite well getting 8 to 10 x’s the amount of pips I am getting. I just found that for me, working 60 hrs a week at a job, this way suits me better. I don’t look for hundreds of pips, just 10. If I get more, great.
Anyway, this is like shooting fish in a barrel! 
A very mature view. You got my fully respect for these words. I think sometimes the time we spend on worrying about to maximize profit is not worth the money. 10 pips a day is maybe not that much, but even enough to gain some extra money and still have the time to spend for your activities. Very very wise words ABFX!!
3-4 years ago as I was investigating forex I clicked a link to Deutsche Bank forex. Ignoring the $50,000 initial margin requirement I just clicked links on their site and somehow, accidently, got into their private chat room.
1st Post: Woohoo, 8 pips E/$ this morning. 2nd Post: what’s the big deal, I got 40 while I slept.
Post #3: #2, you don’t understand. #1 is a personal friend of mine and if he used his usual stategy he made $20,00-25,000 in 10 to 15 minutes! #1 again: right I…D.Bank IT people cut me off and tied up my computer for 30 min. or so but I never forgot the power of a few pips with bigger exposure. If he made $24,000 then that’s $3k per pip so want kind of drawdown does he use/expect?
HUH? I’m so confused with this post. I’m sorry but what are you saying with your post? If anyone understood DOBRO’S post, please translate or explain. Thanks much!
Hi John, can you please tell what the vertical lines in the template represent, do they indicate end-of-day on timeline??..
for example in the chart above, the yellow vertical line indicates the entry point… but what does the white vertical lines indicate?
the vertical lines are period seperators. It is a usefull tool to visualize a days worth of price action.
As for Dobro’s post he is just saying how he heard a conversation between two traders and how one was making fun of anotheer trader for earning 8 pips but the one trader said you don’t understand those 8 pips earned him 20-25k
I agree with this. I have been doing soul searching and I have come to the realization that for me to be successful at this game I have to be diversified. I personally have found that I am an overtrader. I like to be in trades as much as possible. BTW sorry for the off topic rant.
The bulk of my trading is automated. I am an electrical contractor and I have 3 boys and it is tough for me to trade and make a good profit. But today I was watching a chart and it occurred to me I feel totally content. Sometimes a couple of my different methods agree and I find 2 or 3 EU trades open at once and sometimes its quiet. But I think the secret is to have different methods and different systems and different ways to trade this way there is always something going on.
I just started using million dollar pips and it seeks to earn a very small amount of pips and it risks a very small amount. Thing is it risks 1-1.5% per trade so if a stop is 4 pips away than 4 pips =1.5% That is what matters in trading. You can get a ton of pips that are worth .01c each or you can get 10 pips worth $100 each.
So back to what I was saying why not incorporate both styles? shoot for some heftier targets by opening trades with smaller lot size and also look for those quick entries. For the hell of it try big e on the daily and on the 1 hour. You may find trading is more enjoyable.
Final thing. I came across this really cool indicator that has nothing to do with this system but if anyone wants it pm me and I will get it to you. I have made 4 trades off it and they have all won. Not saying its 100% but it may help those itching to trade when a big e setup is not availble.
I like the system, so far more wins than loses.
I have been searcing web for info on H K candles, not much there.
the longest indicated that the candles may be used to set STOPS.
article here
Heiken-ashi candlesticks | Forex Indicators Guide]Heiken-ashi candlesticks | Forex Indicators Guide
thoughts ? please post feedback
thanks wmhays
Sorry not enough posts for a link
site name is
Forex Indicators Guide
I lke the idea of a stop that will follow price and is logical.
wmhays
just to clarify the whole pip count thing. What I mean to say is pips in themselves are useless. We need to be focused on % so if your stop is 10 pips away and you risk 2% or your stop is 140 pips away and you risk 2% it is the same 2% that is why scalpng is so appealing to many because a good scalper can risk 2% 5-10 times a day and with a good win rate will do excellently. Or a trader can risk 2% on 1 or 2 trades a day.
Think about what 1% a day earned compounded over a 39 month period would lbe over 1 million dollars. It is aw inspiring and if you never did that type of calculation than I encourage you to sit down and work it out. The realit is as your account grows huge you would risk less and less. but what if you did it this way, what if you told yourself wait till you hit 10k a month than you would take half to live on. Who couldn’t live on that type of money. Check out these numbers below and you tell me. And yes this can be done on 10 pips a day or 100 pips a day whatever works for you.
for example figure 1% a day equals 20% a month
Start with $1000 dollars and see where it takes you…
month 1 $1000 x 20% = $200
Month 2 $1200 x 20% = $240
month 3 $1440 x 20% = $288
month 4 $1728 x 20% = $344
month 5 $2072 x 20% = $414
month 6 $2486 x 20% = $497
month 7 $2983 x 20% = $597
month 8 $3580 x 20% = $716
month 9 $4296 x 20% = $859
month 10 $5155 x 20% = $1031
month 11 $6186 x 20% = $1237
month 12 $7423 x 20% = $1485
month 13 $8908 x 20% = $1782
month 14 $10,690 x 20% = $2138
month 15 $12,828 x 20% = $2566
month 16 $15,394 x 20% = $3079
month 17 $18,473 x 20% = $3695
month 18 $22,168 x 20% = $4434
month 19 $26,602 x 20% = $5320
month 20 $31,922 x 20% = $6384
month 21 $38,306 x 20% = $7661
month 22 $45,967 x 20% = $9193
month 23 $55,160 x 20% = $11,032
month 24 $66,192 x 20% = $13,238
month 25 $79,430 x 20% = $15,886
month 26 $95,316 x 20% = $19,063
month 27 $114,379 x 20% = $22,876
month 28 $137,255 x 20% = $27,451
month 29 $164,706 x 20% = $32,941
month 30 $197,647 x 20% = $39,529
month 31 $237,176 x 20% = $47,435
month 32 $284,611 x 20% = $56,922
month 33 $341,533 x 20% = $68,307
month 34 $409,840 x 20% = $81,968
month 35 $491,808 x 20% = $98,361
month 36 $590,169 x 20% = $118,034
month 37 $708,203 x 20% = $141,641
month 38 $849,844 x 20% = $169,969
month 39 $1,019,813
It was meant to be a response to amishbuggyfx’s post but I see that I didn’t make that very clear. Sorry for the confusion and it was a bit off topic. I definately like the idea of going for 10 pips, you just need greater risk to achieve greater compounding. d
[/IMG]I just stepped up to a “bigger” account. My first trade was a success at +10.7 pips. I felt the rush having a lot more profit per pip!
The bottom line is discipline. Trade without emotion. Not easy, but your trading should be boring and methodical. Do the right thing, day in day out. And, yes, 10K a month is a major milestone I look forward to reaching, with this system.
BigE likes using HK candles with this system because they are less stressful by staying mostly the same color, and keeping the wicks pointing up or down according to the trend.
This was a good set up, and it is a valuable lesson on system rules. I exited the trade too early. I was so happy to reach my initial goal with a lot more profit on the line, I just closed it to make sure I didn’t lose anything.
The proper thing to do here would’ve been to move my stop loss to break even, and then to +10 pip price level. That way it insures I get my 10, and keeps me in the trade for the gravy pips.
I’m shifting from novice to pro, inch by little inch.
Check out the 2nd candle I could’ve caught here…
amish… - cashing in early is my biggest fault especially if I have entered a trade and it either just sits or retraces some. Then once it hits some profit I cash out only to see it ring up more $$. I have been moving to BE+1 more lately, nice feeling. I appreciate your posts and envy where you live. d.