It’s definitely on the link on the previous post, I just checked it, it does work, it’s that big black square , press the little triangle in the middle to play.
This is a good system. I have been trading it live for two years, also with Oanda and still do every London opening after which I swap to a different strategy. I get too tired after two hours as the level of concentration needed gets very demanding This was in fact my entry into the forex arena.
Because of this system I have been able to quit my day job and now trade full time.
One thing must be said though. You have to be able to wait for something decent and before going live, every person that attempts this needs to first master the ability to get out if the market does not go in your direction and also just as important when you are in positive territory. This sounds like its easy, but this is in my opinion the hardest thing to do about this system. It needs to be rock solid!!! This( Getting out) really should be an automatic reaction for you.
The money management I use is 5% of capital divided by twenty where i put my stop loss. My SL only acts as a safety net and should never be used as a method to get out of a trade. Negative trades should never be more then -3 preferably 0 or -1 including the spread
It works, it works, it works!!! believe me it works!! I payed good money to be taught this is well and to say the least amazed to find this information free here on babypips:eek:
Namibia, can you give us an idea of what your win/loss percentage is with this system so that others trying it know what to expect? Also, using the trade sizes you mentioned, how long does it generally take you to double your account trading with this strategy?
I am profitable on between 8 and 9 out of ten trades this does not include break evens. Newbies should not expect this from the start off. I have to emphasize that this system does take a lot of practice and discipline. It can just as easily break you if you do not have the discipline to cut negatives short and to wait for criteria beyond doubt. I know people that has gone for several weeks without any negative trades. It is truly remarkable, but you need to learn to trade it propperly. My account doubles at least every two months. This is on very modest targets.
For a more comprehensive spreadsheet/ projection about the money management i
Nice spreadsheet, Namibia, one can really see the power of it there.
With a daily pip target of 8, how many trades per day does it usually take you to reach that goal?
Nice sheet, but just to be clear this is a projection and not actual results, right? $500k on one pip, yeah right 
it certainly is a projection.
Everyone is so obsessed with how much profit all the time, notice what Namibia says here - Namibia has stopped working and is trading full time, that’s what you should be concerning yourself with, if it does that, isn’t that enough?
If you have a look at my blog Purple Patch Forex Trading you’ll get a rough idea of what’s possible, but markets change all the time, and the profitability of this changes like any other system.
What’s the other strategy that you switch to Namibia, is it the reversal? I’m pretty sure that I have a way of trading a retrace, but more about that in a few weeks, need to be 100% sure I’ve got it right first.
[/QUOTE] The money management I use is 5% of capital divided by twenty where i put my stop loss. My SL only acts as a safety net and should never be used as a method to get out of a trade. Negative trades should never be more then -3 preferably 0 or -1 including the spread
It works, it works, it works!!! believe me it works!! I payed good money to be taught this is well and to say the least amazed to find this information free here on babypips:eek:[/QUOTE]
I see it was the charming little smug internet marketing chap that you took the course with, i too made this mistake!
Inspite of the miniscule knowledge provided on that seriously overpriced course you have stuck with it and taught yourself what is necessary to be successful, an 80%-90% positive strike rate is exactly what is required to succeed with this method and to that end you have my admiration you don’t need me to tell you that you are now forever self sufficient.
I am not quite at your level just yet (more 60%-70% positives) but i can see with unwavering discipline that it is possible to make this method work however paying many hundreds of pounds to a patronising know-it-all who has never demonstrated with any consistency himself that he can trade this way and doesn’t give you a clear explanation of the method would be foolish when you get far more information and a very clear video of a typical trade from the chap that started this very thread.
I totally agree with this - it’s not the megabucks that matter, it’s just the fact that you don’t need to go and work for someone else on their schedule. I haven’t tried your system but your video looks quite straightforward and I plan on giving it a try next time I’m between assignments. I commented on Namibia’s sheet as there are many starry eyed newbies who might look at such a sheet and quickly lose everything. I plan to use 2% of nothing per trade for the first few days or weeks, followed by a scale up of pennies, pounds, tens etc.
Well Truth be told, I suppose everyone has got their own opinions and are most certainly entitled to it. I have never thought him that way, but I have always had a hell of a lot of respect for him. Like i said. This system was the my entry into the forex market and still believe even to this day that it was the best investment i have ever made
I also have to say to you Truth be told, that I completely understand that as simple as this system might be. It will take your money if you are not robotically applying the rule of getting out as soon as you are in doubt. It is because of this reason one starts to criticize his methods and doubting the fact whether he actually trades this way consistently and profitable as you say.
PurplePatchForex as for the strategy I switch to after London opening. Its completely different. I do not use correlation at all and I trade a whole lot of currency pairs in the 5min, 1min and 30 second charts of oanda. If you like i am happy to show it to you I just honestly and simply speaking can not be bothered to give it away in a forum for instance. I am not the sort of person that likes to give advise by responding to hundreds of blogs every day to how ever many questions about it. Besides that, English is not my first language and I find typing a response to something extremely time consuming. I will leave that to the people that don’t mind doing that.They are a lot better than e anyway. If you want to check it out and run a blog on it by all means feel free.
[i]For a Sell
When the market starts moving and the USDCHF is going up pretty smooth and fast, the EURGBP is stable and pushing up the EURUSD is going south, the GBPUSD is also moving down you put a sell on, then when the move stops you click buy to close the order, and then that’s it.[\i]
If EURUSD is going up, the EURGBP would go up unless GBPUSD is moving up faster. Can you elaborate on how you use the EURGBP.
I have had 2 small wins in my first 2 attempts. I exited quickly and missed 7 pips on the last trade.
Example Video 3
This for instance, even though a winning trade should not have been entered in the first place and it goes from bad to worse, the difference between a market that will give you a winning trade is subtle, but remember subtle differences become pronounced by the time you get to know them well.
My question is why the trade should not have been entered in the first place? The candles were green, green, red, red from left to right. What am I missing?
Sorry to tell you, but you are missing just about everything, have a good read through the thread again.
Sorry I can’t understand in what platform do you trade?
I read through 3 times before I asked. You posted the example and made a statement without explaining.
Oanda
Hence for anyone considering this type of approach your trading costs (spread and commissions) are critical. Oanda are probably the only broker you could use as others will give you effective costs of 3 or 4 pips. Oanda in the past have suspended the accounts of those they consider to be scalpers as they were not able to lay off the trade in the interbank market effectively. This may of course have changed with improving technology but worth checking with them that they would accept this as a long term trading strategy
So far they did not suspend my account:D
If you’ve been trading this system over the last couple of days successfully or otherwise - you will have been doing it wrong, the market has been far too jittery to consider entering a trade, the bigger spreads have been an indication of this.
Now that the ‘turmoil’ is coming to and end for the time being, i.e. the Greek thing and the new government in UK I expect we will return to normality today.
Remember as with everything in Forex - Patience is key
purplepatchforex:
I am going to demo this system.
I have read this thread and your blog. It seems to me that you have your biggest pip gains at the beginning of the New York session.
Roughly, what are the percentages for the number of trades that you perform in the London sessions and the New York sessions? Does one of the sessions account for more of your success?