No trading on this today, same as last Monday, if there is a bank holiday at all, i.e. UK, USA or Europe, don’t trade this, it’s not worth the bother, one element of this strategy is to trade for as little time as possible, but trade at the optimum times, the benefits of rest outweigh the benefits of the concentration you use up trading.
So - Take it Easy. (I think I know a song about that) (You could always practice 
)
Nice to see that 1.9 spread again, a sure sign of better trading, a nice surprise after a week off, another great thing about forex trading, you can take advantage of the weather when you want.
The PPF indicator has been done already.
hi pippunisher,
i’m curious,
could you supply some info on where to find it, I can’t find it on google.
thanks!
The PPF indicator has been done?! First I heard about it, although I’ve had a few goes myself, but without any success whatsoever.
I’m confused…
I mean, you are PPF right?
So who would make an indicator under your name and not let u know…
Secondly, as I believe, the system is called cat & mouse.
Cheers
I think I am! I’m a little confused myself though!
The system works but you must be very patient to wait for the right signal.
The only drawback is profit:loss ratio does not high.
Keep posting good idea here I love it 
wow…can’t believe someone is trying to punt Sid’s system…why the negative review tho on peace army if you think it is viable? I too did this way back in aug 2007, this was my entry into foxex too, I demo-ed for 10months, feeling worse about myself as each month progressed, as I couldn’t get the discipline thing right, I could not get my head around how you were meant to get out at max -3, when often at early am, spread is 2.4 on oanda…Sid’s response was always ‘when in doubt get out’ but the mo it didn’t go positive you were in doubt, and a monentary blinks hesitation in closing warranted -5, 6, 7…so did they wait to get back out at -1,2,3? As often the market gives that opportunity…no -one would ever say, you just got a clap for being out with the requisite standard loss, didn’t matter that I’d been -10-15 to get out at that, so that is where the shortcomings in this strategy occur, you can enter and price stalls, bobs, around -3 -5 -7 and turns out to be a great trade, over -10 and that’s it weeks of work gone, so its a delicate balance.
whereas gains, a zero is counted as positive trade, so it does not stack risk/reward as their disaster stop is -20, and MM utilized on that basis…and you are looking for + anything over 0. (I note you’ve added euro/£, is because of volatility in this since 2007-8? Was one of my gripes after doing the demo for eons, perhaps if I’d known about )
In uncorrelated markets you just didn’t trade, which was frustrating too. it’s basically a momentum strategy, and there is momentum at that time in the morning, however leaping aboard a move halfway thro the momentum is quite a tricky balancing act, considering the average move stalls circa 10 pips (would be +7 after spread) if you get in early on the momentum…great, wait to long and…
I’d have loved to make it work, because those that did, were hugely successful, for max hour and half work a day… no set up, no trade, and I have to say in their defence they really tried with me…no matter what else you try, the’ in doubt 'creeps in when in negative trade no matter what other strategy you are trying.
Discipline, sid taught that, and discipline is the core of any trading strategy.
the beauty of his was the time span…an hour and a half, no trend/C/t, MA’s…albiet unclear on entry and exit…
Hope this helps
I’m not sure what you mean by
wow…can’t believe someone is trying to punt Sid’s system
and please those who may have a
negative review tho on peace army
, please refrain from starting a war of words on this thread which won’t help anyone, thanks.
What I do want to say is that this is not my system, it’s not a babypips system, it’s not Sid’s system, it’s not anybody’s system, personally I don’t even like the term system in the context of forex trading, since it implies something that you follow and works, it’s as much down to yourself as a trader than the system.
This is simply an approach you can take, just like using a moving average combination approach, if you look back through the thread you will see that it has been derived from stuff learnt from the session videos from FX Money Map, for which they charge a not inconsequential sum of money for their Fibonacci indicator, but as they say themselves, yes the very same indicator is available for free on the web (something I did use to trade for a while with considerable success with the same set of currency pairs) but what you pay for is the trading room access and the trading experience you get from that.
Actually, thinking about it something else probably influenced my conclusions which was that I traded this for a number of months, having one EURO chart up in Metatrader from one broker and trading from Oanda, there was just enough a lag in the whole thing to just about cover your spread, but alas it didn’t last, not that profitable but it was very easy.
I’m just surprised that there is no more discussion on this approach, stick the EUR/JPY EUR/USD and USD/JPY and it becomes so obvious that this an approach worth persisting with, I’m pretty sure that those would be the pairs to use if you wan’t to trade the Asian session, but that’s the same as having GBP/USD EUR/USD and EUR/GBP, maybe the Chinese Yuan will come into play to have that 4th pair 
now it’s ‘floating’
no intention of causing war on words…apologies if I offended - good luck with your thread
I didn’t think you had, but you know how things can get out of hand quickly, thanks.
Thing is with this, you might have to wait days for a trade sometimes, the market just doesn’t behave, like the week before I had one 3 PIP trade, last week was over 10, and that was nearly 4 times as much profit, but it averages out well - keep an eye on the big picture.
Very, very wise.
Great topic, just have 1 question. Whats the exact time you trade (GMT)?
For around 2 hours over the London open, and then same again for NY, when there may potentially be enough movement in the market.
Hi all,
Stumbled upon this thread this weekend. Tried it out this morning; there’s definitely a moment in the market movement that’s easy to spot as it stands out, it feels so different. Now it’s about telling the real chances from the fake-outs.
Thanks for sharing all this! I’m gonna give it a fair try in the following weeks.
It sounds like you’ve got the right idea, but as well as spotting the right moves you want to trade, you have to be prepared to exit quickly when they are not working out.
It can take some getting used to though, that’s why I developed the simulator, so that you can just practice and practice it until it sort of sink in.
Good Luck with it.
When you’re talking about practicing on the training module I’m assuming you mean the one on your site in the user menu section?
In a word - yes.