I am going to close this thread the new thread is: http://www.forexfactory.com/showthread.php?p=3896189#post3896189
The final results Aug. 2009 to end of June 2010 was 14,195 pips gained. The final vote was 90 for, 78 against. What is laughable about all of this was 15 people voted against the system before one single trade was taken and three more voted against it after we went to version 5. Version 5 the first week made over 1100 pips. During the month of April 2010 which was our very best month of almost 5000 pip gain people were still voting against the system. Now you wonder why people lose money in Forex. Anyway thank you for all your support, I made money and to the 70 who voted against it I challenged them dozens of times to come forward with something that worked better and they never did. I can only remember one person who ever posted why he voted against, the rest were cowards I guess. Anyway I still challenge every single one of them to post a better system. I dont think a one of them every will. On to version 5.
To show you how dumb people are 2 more people voted against the system after we closed the thread and produced 14,195 pips in 10 months. That is an average of almost 1500 pips a month. That shows you how dumb people really can be.
A note from a fellow trader p. 83 #1242: After a very very long time reading different threads and trying a number of different systems (Paid and unpaid), at long last I am making some profit by following the threads of two people in FF. One being your good self and other is Steve Hopwoods. It is interesting to note that both of you are Educators by profession.
I have posted the 4th editon Page. 93 post 1394. 977 people download the 2nd edition. We actally never posted version 3 because version 4 popped up very quickly so we went straigh to that one.
I have posted the 2nd edition which replaces all the downloads of the 1st edition. The 2nd edition folder contains all the files and folders needed for the system. I want to thank the 3057 people who download the first edition.
The second edition includes: Why countertrend trading is better than trend trading, (the trend is not your friend), using S/R, 40 MA BB bands, 2.4.2 recovery system and its variations, new definition of secondary trades, margin usage rules, volatility groupings of different pairs, margin usage and funding amounts, and both 4D and 5D versions are available.
Please return to post #1 on occasion because I add important info to this post as the thread grows.
This system I have used on and off for the last two years. I have however, refined it to the point where others could trade and be profitable with it. It is mainly a manual trading system but uses an EA for the entrances. This helps you in not getting in too early and avoiding whiplash. Instructions and all parts of the system are inside the folder. Discussion of this system will begin on p. 33 after post #491. Since it incorporates the changes I have added over the last 6 months, it will not change much of my daily reports. I have been adding this over time and now am publishing my refinements. The notes below are still valid notes with the second edition but the pics will not be quite the same.
Starting Aug. 16 page 16 post #237 I started making daily calls on my trades. I will try to post them before the JPY session good or bad and see what happens. This gives traders the opportunity to see how a day by day trading is done, with all the mistakes, trials and tribulations. You see the good times and the bad. This is real, I post them every morning and you can see exactly how I handle my trades day by day. Once I post the trade there is no hiding the system. +5597 pips since Aug. 16 to Dec. 31.
Aug. 2009 Total +1020 pips
Sept. 2009 total +2651 pips p. 27 post #396
Oct. 2009 total + 1335 for the month P. 39 post #579
November 2009 +1628 Pg. 48 post 709
December 2009 -1006 our first negative month. p. 57 post 841
2009 total pips +5597 p. 57 post 8412
I guess I can be happy with that.
2010 trades total pips by month
January 2010 for the month +1757 pg. 65 #963
February 2010 1595 pips pg. 77 post 1146
March 2010 +2575 pips pg 83 post 1233
April 2010 +4951 p. 100 #1491 My best month ever and two people voted against my system during my best month SHEEESH.
May 2010 -3386 Got caught with our pants down on the Euro news stories but we have righted the ship and coming back.
June 2010 +1116 tough month to trade but we made profit.
2010 total +8598
Here are some important posts for review and study.
Page 7 post 104 is a very good note on how to minimize a losing trade and turn it into a winner in the long run.
Page 10 post 136 I outline a trading strategy which zeros out almost any loss. I hope you can understand the logic.
Page 12 post 178 talks about using divergence with this system on a trade. Very powerful when used on a 4H chart.
Page 15 post#214 I posted some impressive results of using this sytem over a 1 month period. I traded live using only 7.00 dollars as my starting capital. After 1 month I increased it to 61 dollars. COOL.
Post #367 pg. 25 I give some philosophy on why the system works.
new definition for the secondary trade. P.27, 28 posts 400, 405 and 411 ALSO discussion follows on pg 29-30 very important. I begin explaining my new definition for the secondary trade. I think I have improved it greatly and made it a more definite and accurate trade. Doing very well with it. I added a S/R with Double Top/bottom to the definition. Very solid trades now.
P. 27 posts 408-409 I go into more detailed explanation of how the 3x3 cross EA works using S/R lines and I also talk about when to take profits.
P 32 post #478 looking at a weekly bar chart and what it tells us about trading on the 4H chart.
I also added two indicators I think are valuable, one does the daily S/R on any TF and the other does Daily and 4H S/R on any TF. The one I include in the system does the S/R for what ever TF you have on your chart.
P.36 post #530 I give my best 11 pairs or alternatives for this system.
p.37 post #551 gives why the odds are so good for this system to work using the Eur/Jpy over a period of 5 months.
p. 40 post #599 Why interest rate stories are so difficult to trade and why I dont like to trade them.
Some people are having trouble with the NBMACD so I added a folder with the True MACD. Put the template in the template folder and the True MACD in the indicators folder.
p45 and 46 posts 671-679. I give posts preparing for trading at 100:1 leverage and answer several questions about the system. post 679 I give a pic and philosophy behind the system and secondary trade examples. Why they work so well. I also so a primary trade signal I did not take and why.
P. 48 post 713: Some reasons why price retraces and you are virtually guaranteed it will.
P. 52 post 779 I show pics of 4H MACD divergance in my live trading.
P. 55 post 822 I give an example of why I think the NFA are a bunch of loonies for banning hedging.
P. 66 post 979 and 980 Testing a refinement of my system. If it works I will produce the 3rd edition. Adding Break even and jumping TS.
p. 67 post 1000 "The trend traders conundrum" Should I buy into the new trend or sell the rally ???? Tomorrow a trendtrading guru will tell me what I should have done but what do I do now????
P. 86 post 1277 I give my philosophy on drawdown (DD) and countertrading as compared to using SL.
P. 90 post 1347 countertrend trading info.
p. 26 posts 1885 and 1886. The problems and limits of all indicators no matter which ones you use.
The final results Aug. 2009 to end of June 2010 was 14,195 pips gained. The final vote was 90 for, 78 against. What is laughable about all of this was 15 people voted against the system before one single trade was taken and three more voted against it after we went to version 5. Version 5 the first week made over 1100 pips. During the month of April 2010 which was our very best month of almost 5000 pip gain people were still voting against the system. Now you wonder why people lose money in Forex. Anyway thank you for all your support, I made money and to the 70 who voted against it I challenged them dozens of times to come forward with something that worked better and they never did. I can only remember one person who ever posted why he voted against, the rest were cowards I guess. Anyway I still challenge every single one of them to post a better system. I dont think a one of them every will. On to version 5.
To show you how dumb people are 2 more people voted against the system after we closed the thread and produced 14,195 pips in 10 months. That is an average of almost 1500 pips a month. That shows you how dumb people really can be.
A note from a fellow trader p. 83 #1242: After a very very long time reading different threads and trying a number of different systems (Paid and unpaid), at long last I am making some profit by following the threads of two people in FF. One being your good self and other is Steve Hopwoods. It is interesting to note that both of you are Educators by profession.
I have posted the 4th editon Page. 93 post 1394. 977 people download the 2nd edition. We actally never posted version 3 because version 4 popped up very quickly so we went straigh to that one.
I have posted the 2nd edition which replaces all the downloads of the 1st edition. The 2nd edition folder contains all the files and folders needed for the system. I want to thank the 3057 people who download the first edition.
The second edition includes: Why countertrend trading is better than trend trading, (the trend is not your friend), using S/R, 40 MA BB bands, 2.4.2 recovery system and its variations, new definition of secondary trades, margin usage rules, volatility groupings of different pairs, margin usage and funding amounts, and both 4D and 5D versions are available.
Please return to post #1 on occasion because I add important info to this post as the thread grows.
This system I have used on and off for the last two years. I have however, refined it to the point where others could trade and be profitable with it. It is mainly a manual trading system but uses an EA for the entrances. This helps you in not getting in too early and avoiding whiplash. Instructions and all parts of the system are inside the folder. Discussion of this system will begin on p. 33 after post #491. Since it incorporates the changes I have added over the last 6 months, it will not change much of my daily reports. I have been adding this over time and now am publishing my refinements. The notes below are still valid notes with the second edition but the pics will not be quite the same.
Starting Aug. 16 page 16 post #237 I started making daily calls on my trades. I will try to post them before the JPY session good or bad and see what happens. This gives traders the opportunity to see how a day by day trading is done, with all the mistakes, trials and tribulations. You see the good times and the bad. This is real, I post them every morning and you can see exactly how I handle my trades day by day. Once I post the trade there is no hiding the system. +5597 pips since Aug. 16 to Dec. 31.
Aug. 2009 Total +1020 pips
Sept. 2009 total +2651 pips p. 27 post #396
Oct. 2009 total + 1335 for the month P. 39 post #579
November 2009 +1628 Pg. 48 post 709
December 2009 -1006 our first negative month. p. 57 post 841
2009 total pips +5597 p. 57 post 8412
I guess I can be happy with that.
2010 trades total pips by month
January 2010 for the month +1757 pg. 65 #963
February 2010 1595 pips pg. 77 post 1146
March 2010 +2575 pips pg 83 post 1233
April 2010 +4951 p. 100 #1491 My best month ever and two people voted against my system during my best month SHEEESH.
May 2010 -3386 Got caught with our pants down on the Euro news stories but we have righted the ship and coming back.
June 2010 +1116 tough month to trade but we made profit.
2010 total +8598
Here are some important posts for review and study.
Page 7 post 104 is a very good note on how to minimize a losing trade and turn it into a winner in the long run.
Page 10 post 136 I outline a trading strategy which zeros out almost any loss. I hope you can understand the logic.
Page 12 post 178 talks about using divergence with this system on a trade. Very powerful when used on a 4H chart.
Page 15 post#214 I posted some impressive results of using this sytem over a 1 month period. I traded live using only 7.00 dollars as my starting capital. After 1 month I increased it to 61 dollars. COOL.
Post #367 pg. 25 I give some philosophy on why the system works.
new definition for the secondary trade. P.27, 28 posts 400, 405 and 411 ALSO discussion follows on pg 29-30 very important. I begin explaining my new definition for the secondary trade. I think I have improved it greatly and made it a more definite and accurate trade. Doing very well with it. I added a S/R with Double Top/bottom to the definition. Very solid trades now.
P. 27 posts 408-409 I go into more detailed explanation of how the 3x3 cross EA works using S/R lines and I also talk about when to take profits.
P 32 post #478 looking at a weekly bar chart and what it tells us about trading on the 4H chart.
I also added two indicators I think are valuable, one does the daily S/R on any TF and the other does Daily and 4H S/R on any TF. The one I include in the system does the S/R for what ever TF you have on your chart.
P.36 post #530 I give my best 11 pairs or alternatives for this system.
p.37 post #551 gives why the odds are so good for this system to work using the Eur/Jpy over a period of 5 months.
p. 40 post #599 Why interest rate stories are so difficult to trade and why I dont like to trade them.
Some people are having trouble with the NBMACD so I added a folder with the True MACD. Put the template in the template folder and the True MACD in the indicators folder.
p45 and 46 posts 671-679. I give posts preparing for trading at 100:1 leverage and answer several questions about the system. post 679 I give a pic and philosophy behind the system and secondary trade examples. Why they work so well. I also so a primary trade signal I did not take and why.
P. 48 post 713: Some reasons why price retraces and you are virtually guaranteed it will.
P. 52 post 779 I show pics of 4H MACD divergance in my live trading.
P. 55 post 822 I give an example of why I think the NFA are a bunch of loonies for banning hedging.
P. 66 post 979 and 980 Testing a refinement of my system. If it works I will produce the 3rd edition. Adding Break even and jumping TS.
p. 67 post 1000 "The trend traders conundrum" Should I buy into the new trend or sell the rally ???? Tomorrow a trendtrading guru will tell me what I should have done but what do I do now????
P. 86 post 1277 I give my philosophy on drawdown (DD) and countertrading as compared to using SL.
P. 90 post 1347 countertrend trading info.
p. 26 posts 1885 and 1886. The problems and limits of all indicators no matter which ones you use.