5 numbers. Give or take.
The question was, and still is, if those are each a day’s gain or loss, are you waiting, and making only 1 trade a day?
As far as divergence, my term was correct. Not divergence looking at a chart, but you have two candles going up, while the other two diverge by going down.
Not reading too much into it at all:)
Cheers!
I see, those were just quotes off the top of my head - this will help some more.
http://forums.babypips.com/forextown/476-do-any-you-have-forex-blog-14.html#post182257
It’s not the pattern or the candles, it’s the actual move, have a look at the video.
Not reading? in which case maybe you were looking rather than watching! 
And thinking, thinkings not much good either! Seriously - it’s just learning to recognise something and acting on it.
I don’t know how many more ways I can ask the same question.
I understand those are just example numbers.
But would that be an entire week’s worth?
How many trades a day or week would you say you average?
I know it’s limited to opportunities that fit your criteria, but can you roughly estimate, how often your setup occurs?
And I have seen your site/video.
Interesting methodology.
A nice average week would be around 15 - 20 PIPS in about 4 to 6 trades, but it could just as well be a 1 and a 10.
Last week no trades for two days then 1 trade for 10 PIPS I think.
So I suppose there is no definitive answer, I expect to maybe have a good month - General Election over here, could make it a really good time for the strategy, but then again it could just as easily bugger things up.
Well it’s been a difficult week, but I ended up at break even, consolidating my position of not a single weekly loss yet this year.
I just wasn’t trading my strategy right, I was blaming it on the long weekend, being out of practice, then I stopped trading did some practice on my module, I then realised there was something I used to be doing that I’d sort of forgotten about, I was just getting complacent, over confident even, always remember that FOREX will BITE you in the BUM, at every opportunity.
I’ve been trying this method out tonight… on both a set up of 5m and also 15m candles (which I found more comforting to be able to see the direction of where things are headed)-- but I know PPF is working from what’s going on right now, rather than candle forms.
The hardest part I found was when to quit for the day!
I made 5, 3, -4, 3 in the space of about an hour (not a week)… so when do you stop??
lol… it’s like playing at a casino almost…
Cheers…
I also can’t help thinking that by ignoring the longer TFs, then it’s highly risky?? Looking at a 4H chart, would anyone really want to get into a long G/U position on this? (Which I did on the 5M chart because of a move)…
Or am I looking wrong, in that you are just aiming at 1-5p ??
You’ve got the idea, but not quite, you hardly ever get more than a couple of opportunities in a session, I don’t really recommend it other than the session openings, London and new York, there’s is a very subtle difference between the winners and losers, you may do exactly the same next week and get 4 losers, so careful. It can take months to get right. Anything up to 17ish pips is possible.
But the critical thing is exit at the end of the move before it turns back on you.
Personally I use the 5 mins chart, but 4 is just as valid for this, it depends more on what you may be comfortable with, it’s an actual short quick move you’re trading.
You’re charts are a little far apart to be able to keep an eye on the four pairs at the same time.
But after you get the hang of it it’s really great, you don’t have to think, you just do and you make money.
Hello PPF
thanx for sharing your interesting system
BUT I think it is TOO discretional
You 're a very good Trader if you get results with these mice:D
I don’t wanna give up ,so I’m askin’ a couple of question:
could u please show us EXACTLY at what Time -GMT- do you trade?
And how do u filter false signals?I mean,do u enter following your past experiences?
It’s quite tough 
I trade 7:30 to 8:30 and 12:00 to 13:30, stick close to these times, otherwise the diminishing returns and opportunities will get to you.
I don’t see it as a case of filtering, it’s more of finding your own techniques and cues to help you do it, you must bare in mind, it could take months, it is not an easy quick fix just like anything else in forex, but it is a great way to stress free trading once you’ve got the hang of it.
It could take months! :eek:
Purple, in your reply to the first question to your initial post, you mentioned something like the spreadsheet saying 50:1. Do you mean that 1pip = £50? If so, it means one may not start using the cat 'n mouse system without say, something like £1000 in your account. Would that be right?
No not at all, I think what it is here is that Oanda has a leverage setting that you don’t have with other brokers, I can’t really see the need for it, but it’s there.
You can start trading with Oanda with a $10, I wouldn’t recommend trying this strategy with other brokers, the way you can execute trades with them is quite crucial to this strategy.
Hi purple,
I’ve followed the thread as diligently as I can so I understand the broker thing. What I want to know is- what is the value of your 1 pip? Is it $10 or more…? because I think the idea of your system is to get very few pips which however, have high value.
Also, someone was asking a question earlier… I couldn’t see a reply from you that I could understand clearly. Something like this- you posted some numbers like +2 +2 +4 +3 +1. You said you were just giving those as an example, I understand that too. What I don’t get is: Do the set of numbers represent pips from one day’s trading (to make a total of +12 for the day) or do they represent for each day… Like, a Monday +2, Tuesday +2, Wednesday +4 Thursday +3 and Friday +1 (so that at the end of the week you have +12)?
Thank you.
The value of the pip is the maximum you can put on, you can set this in Oanda so that it does the calculating for you - have a look at this page Broker Setup
It may be 2 trades one day then no trades the next, it may be 1 10 PIP trade one week, then 5 different ones the week after.
I think what purple is saying here is that the trades taken within a week are those numbers. There may be one a day, maybe more than one a day and none the next. One week may have 6 or 7 trades while the next may only have 3 or 4.
@purple: The system you propose has really opened my eyes to the possibility of just trying to target a very few number of pips per trade and micromanaging to stay profitable. When you say you max out the number of lots you’re trading per account balance, I’m assuming you’re calculating (or I guess Oanda is) the number of units you can trade before your used margin = account balance?
I hope that made sense.
EDIT: Actually now that I see the link to your blog it makes perfect sense. I’ve used Oanda but didn’t know that feature was there. Thanks for pointing it out!
100% right, if I’ve understood what you’re saying right and I’m pretty sure I am.
There’s no point in me posting results for this system, I can’t see it helping at all, you should have an idea what to expect from the thread, what I think will help you is a quick summary.
Monday was untradeable for this strategy, Tuesday not much better, Wednesday was pretty good, as was yesterday, Fridays as per usual not worth the bother, but as always it’s Forex so you never know!
All in all 10PIPS+ should be easily achievable giving about a 3% return I think.
PPF, when you exit for a loss, do you attribute the loss to something you did/did not do? To the market? Both? Neither? I am asking about how you react, think and feel about the loss.
I couldn’t possibly tell you that! My feeling towards my trades are very personal and I shall be keeping them to myself! Gee I’m so funny! NOT!
But this is the point you see, you don’t ‘feel’ anything towards the trade, this strategy is much more prescriptive than you think, and therefore I can answer your question very precisely!
If it hits your stop -> you have NOT exited when it started reversing.
You exit for a loss greater than -1, ->you have either NOT entered the correct trade, or entered it incorrectly, or not exited soon enough.
You exit for a loss of less than 1 PIP -> If you’re getting more than 2 of these in 10 trades - you’re not doing it quite right.
I’m going to demo this for a bit. Just so I understand the times, you would be trading from 2:30AM to 3:30AM EST and 7:00 AM to 8:30 AM EST. Is this correct?
