I don’t wanna bad mouth this system because I haven’t tried it long enough to form a real opinion.
However, I’ve observed it for the past week. It’s hard to recognize valid signals with this system. There’s a lot of false signals given. Maybe I just don’t know what I’m doing right now but I couldn’t really find too many good entry points this week.
Also, did anyone achieve their goal of 150 pips on each major pair this week?
I have to disagree with you, ived tried alot of systems on the net and this is the best system so far for me, the only thing is that I could not get the scalping down so i use another system for that, but just like joe said stay away from the bottoms when selling and tops when buying, I usually look at the 5min before entering a trade for a nice entry point, but not all signals are going to be valid in any system, if you know of one let me know.
Have a great weekend.
traco what scalping ystem do uypou use pm me if you like ?
best regards
Friend i will advice you study this system very well 'cause since i started following this thread and add it to my trading, my trading is better and to me 150pips a week is possible but i target 100. I always wait for all the signals
and i only trade during the london section.
hi, im new here and to forex trading, i have been reading this thread and was wondering if anyone or Joe Could please PM me the needed indicators mentioned in post #10
Regards
Dan
Hi Dan,
If you click on Joe100 screen name, it will take you to his profile, and in there will be links to the indicators…
Ok, here’s a GBPUSD trade I’m in…let’s see where it goes…lol
I’ve been trying out using 3 different CCI’s settings at the same time, and taking trades when at least 2 line up with the same color. The 3 settings are the 34/170, 20/60, and 4/8.
As I finish this post, my stop is now at breakeven 
Sweet Pip,
How many pips are you targetting? I believe this pair is overbought and will reverse shortly.
I assume from the green arrow and green bars below you went long right?
There is strong resistance at 1.6655. But if that breaks than it will go much higher.
Yes I see stoch show overbought, and usually a high CCI is indicative of being overbought too. I have 4 cyan S&R lines on my chart and I bought just below the 2nd from the top. I’m expecting it will retrace… how far?, not sure, but the stochs could turn down, and then will have room to move up again.
If it does, and breaks that top cyan resistance line, then I’m aiming for 1.6714, so almost 100 pips. Also, stochs can be funny at times where it will just hover above 70-80 for quite a while…usually if the move is strong.
This is demo, so just tryin it out
I went long @1.6618 which was just before the 2nd green arrow in from the right.
Yes I was thinking the same thing…my R line is at 1.6659, but that always seems subjective depending on what one uses…zones, wicks, or bodies…close enough…lol
Nope didn’t quite work out. Didn’t lose anything and actually got +10 as I put a trailing stop on in case I wasn’t at the computer to manually move it to b/e at +27 and I forgot to turn it off…lol
So it did get up to +37 for me…maybe we just need to set our sights a little lower and take what we get? as it does seem to make an initial good move, but often returns to break even, or not move to breakeven after 27 pips?.
Went short last night and only targeted 40 pips. Wow, I wish I would have targeted more but I was tired. I went short because the gbp/usd was overbought.
I am now going long.
I am long on the gbp/usd from 1.6439.
tp: 1.6539
S/l: 1.6414
What is your back up for this decision?
Are you basing this position on any indicators? Which ones and why?
Thanks
stomped out-27
i got stopped out.
Actually I’m not stopped out yet…Price came within 2 or 3 pips of my s/l.
I’m using RSI, Candles, Fibs and Price…
RSI lets me know overbought/oversold…I look for reversal candles in overbought and oversold areas
