The thread: This thread will deal mainly with the GBP/USD & EUR/JPY, However, we will trade pairs with the best entry's. The idea is to learn the system and have several people looking at a couple pairs and alert us when they are starting to set up. I can show you how to do this, and it is very easy to do. You can trade whatever lot size you want, and I would advise doing it in such a fashion that you can pull have off to lock profit. I will show you how to trade Pivot Point to Pivot Point and pull half and then set a 100 Pip limit on the rest, if you would prefer this way of trading, but basically its so newbys can get a good start. You will be amazed how many trades go all the way to the limit. I have also placed my template below to make it easier.
Rules for this thread. I dont want to hear anyone asking, " Which way do you think it will go" If you have to ask this, then shut up and watch the thread and learn. Here is a school format that is really good reading on the weekend. WWW.BABYPIPS.COM. You will pick this up, it's very easy. If you have come to criticize the thread, I will eliminate you immediately. If anyone belittles any one in here, I will eliminate you immediately. I dont want to hear, " I think its going up or I think it's goin down". We can see that. We want to hear solid evidence using these charts and using regular long term charts with 1 Hr, 4 Hr and Daily. That is all you need. If your looking out on the weekly, your in the wrong thread. Don't want to hear it. Simple trendline trading on the longer term chart to find out where it could go then entering on the smaller timeframes. Thats it and it could be very profitable if we do it right.
The Plan: The plan here is to start off small. You can start with $500 if you want to trade micros, that cool. The idea is to trade 2 micros or 2 Minis or 2 standards. You get a good entry and you know its going to hit the next Pivot Point at the least, usually, unless you hit a top somewhere. If you go pick your tops and bottoms you can find the in betweens and thats where the group comes in. We should know where all the tops are and we will share. You dont have to trade this way, but we may have some newbys and this may be a good way to teach them. Thank you and good Luck. I have placed the Smoothy Template along with a trendline alert executable which will alert you when the price touches it.
Thanks, Jim
Rules for this thread. I dont want to hear anyone asking, " Which way do you think it will go" If you have to ask this, then shut up and watch the thread and learn. Here is a school format that is really good reading on the weekend. WWW.BABYPIPS.COM. You will pick this up, it's very easy. If you have come to criticize the thread, I will eliminate you immediately. If anyone belittles any one in here, I will eliminate you immediately. I dont want to hear, " I think its going up or I think it's goin down". We can see that. We want to hear solid evidence using these charts and using regular long term charts with 1 Hr, 4 Hr and Daily. That is all you need. If your looking out on the weekly, your in the wrong thread. Don't want to hear it. Simple trendline trading on the longer term chart to find out where it could go then entering on the smaller timeframes. Thats it and it could be very profitable if we do it right.
The Plan: The plan here is to start off small. You can start with $500 if you want to trade micros, that cool. The idea is to trade 2 micros or 2 Minis or 2 standards. You get a good entry and you know its going to hit the next Pivot Point at the least, usually, unless you hit a top somewhere. If you go pick your tops and bottoms you can find the in betweens and thats where the group comes in. We should know where all the tops are and we will share. You dont have to trade this way, but we may have some newbys and this may be a good way to teach them. Thank you and good Luck. I have placed the Smoothy Template along with a trendline alert executable which will alert you when the price touches it.
Thanks, Jim
Attached File(s)
smoothy.tpl
7 KB
|
1,246 downloads
TLine_Alert.ex4
2 KB
|
1,107 downloads