To put it simply, it’s 2 up and 2 down, 3 non traded pairs, we are watching the whole scenario to get a high probability trade on the GBPUSD, sorry all I can think of to help at the moment, have you looked at the free videos?
Gee’s don’t time fly, I can’t believe it’s 4 months since I posted on this thread, I must admit, personally I don’t trade it any more, but it was a great strategy for me to get going on Forex, you can trade this without hardly knowing anything about how the market works, and I just thought it was a shame to let the thread die completely, since it has benefited so many newbies.
I’ve gone down the VSA route as most of you know now, but this is a great little strategy to get going with.
I just read through some of this thread, and you seemed so pleased with this strategy back in 2010!
So I was just wondering, what made you stop trading this way?
Okay, so I tried this system on a demo account today, but WOW it’s hard!!! First I tried it with a 5-digit broker, but the candlesticks just jump up and down really fast, all the time! It’s a complete nightmare! :o I then switched to a demo account with a 4 digit broker, but I then found out that the spread was 4 pips! So that didn’t work out either…
To be honest, I only tried it for something like 20 minuttes, because even though I have read the thread here, and I’ve watched the videos on your webpage, I didn’t really have any idea when to take a trade!
Also, I tried it on Metatrader, which means it’s very hard to close a trade very fast again!
But, can you use this system with a 5 digit broker? And can you even use it on Metatrader?
Also, why don’t you trade this system anymore?
You can only trade this on Oanda, it’s a starter strategy, if you can do this, you can make a profit from forex without having to know what’s really going on in the market, it’s not for everyone, but for those it is, it’s a great way to enter into forex profits.
you need to set it up on Oanda, otherwise you just won’t see how it works.
It’s basically 2 up 2 down at the same time, trade the GBPUSD, you wait until there is some solid momentum in the market and pounce upon it, Oanda’s platform and execution allow you to scalp a few pips.
I don’t trade it anymore because I’ve moved on, it takes a great deal of focus and concentration while you’re trading, and opportunities can be rare at times in slow markets, like I said, it’s a starter strategy, a way of earning while learning if you like.
Hello PPF, I’m trying this system and I can’t say it works but at least it seems interesting.
I’d like to start a new thread posting my results with this system, do you agree? Then, can you help me in answering any question?
Thank you for sharing this :7:
Yes, but I should ask something to PPF.
First quesion, I have to wait red-red-green-green to buy GBP/USD and green-green-red-red to sell it.
Then the question is: “is it just red-red-green-green and green-green-red-red or it is long red candle-red-green-green and long green candle-green-red-red?” Obviously with “long” I mean tall and not buy
Just want to know if the USD/CHF candlestick has to be a long candle to start the trade (meaning a long real body) or a small candle could be enough.
Thanks in advance
As far as I understand the system, the candles should be “green-green-red-red” for going long on the GBPUSD, because you are looking to use that momentum to capture a few pips So you are not looking to buy after the GBPUSD has been falling in price, but you are looking to buy when the GBPUSD has gone up in price a bit, and will continue to go further.
Or atleast that’s how I understand it PPF will probably be able to explain it better!
Thanks for reply.
Then, have you ever considered a limit order with one pip? For example, you want to buy at 1.5750, you can place a limit order to buy at 1.5749, of course it could make you lose the chance to join the rally immediately, but I think a pip is really important for this strategy.
By the way, if you have never tried it, do you think it could be a good improvement?
We are here to try to make it work
Thanks again
I personally don’t think you will be able to use any kind of limit order with this strategy, because you never know when the market might make those swift 10 pip moves, which I guess is also why PPF said that it sometimes takes him hours before a valid trade appears You have to sit with your eyes focused on the charts for long periods of time to get good trades I guess…
Yeah, but I can put a market order with the same logic of a limit order. I mean if I see an entry point for this strategy, I can wait for a market movement against my trade, just 1 pip, and then open the trade following this strategy.
Can somebody tell me where can I find the PPF stimulator? I have read these thread a couple of times and everybody speaks about the PPF stimulator but I can’t find it:confused:.