Thanks.
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DislikedI basically trade using the signals I learned from Steinitz using his charts he posted. I look to get in when I feel the retracement is over and just enter. I don't have any fancy indicators. I just get in and take my profits when I feel the trade is over.
Sorry not too scientific, but my results are very consistent!
Good luckIgnored
DislikedI am trading this live and I am doing extremely well. I made over 650 pips manually while awaiting the much anticipated new EA all traders receive when a new and improved version comes out.
Since you trade a 4 hour chart, here is my 4 hour USD/JPY chart that i go by.
Good LuckIgnored
DislikedThx george,i have receive your email with two chart ...
Do you using the HAS EA?how is the result after your backtest,is it as great as the manual one?
just want all of you know that this HAS is the best system,untill now i got GU +206 pips,usdcad +50 pips and it's still floating.i open GU at 9/7 and ucad 12/7 so i got 256 pips i one weeks
thx don,you are the man...
*sorry,my english is bad LOLIgnored
DislikedHey my friend,
Thanks for the great comments. With the market moving as it has, I am around 350 pips using 11 pairs since opening of market. I have never actually backtested the system. I have read many posts from traders that had great results and I went by their statements. How many pairs are you trading?
I wish you many pips!Ignored
DislikedYes. I am trading this live and I have never seen a more profitable system in all my professional career. I am seeing an average of between 1500 to 2500 pips per month.Ignored
DislikedI have question, let just say i trade in H4 and do exactly like Steinitz explain in first page. But in my condition the MTF HAS BAR above line H4 show blue color, the D1, W1 and M1. Am i still have to sell GBP/JPY or wait until one of that lines show in same condition like H4 ?
ThxIgnored
DislikedYou decide which Tf will be your highest point to take counter trends signals from. Say your 4Hr is the highest TF you care about. Then you look at the 1Hr, 30M, 15 and 5M until you see a counter trend.
Once identified you wait until the first bar changes color back in the direction of the 4Hr. In this case you ignored any other TF's higher ten 4Hr's.
Good luck with your trading........
By the way I am up 350 pips right now and loving this Steinitz method !!!!!!!Ignored
DislikedI'm a little bit confuse. I can't understand the difference between original Steinitz method (Heiken Ashi Smoothed) and Scalping Technique Made Easy. Is there anyone who can help me?
Thank you in advance.
Have Big gainsIgnored
DislikedWHTenn,
You seem to very successful with this system. Would you please answer the following questions for the beginners that want to trade this system manually? If so, here it goes:
1. What is minimum and maximum time frame settings you use?
Well, I use all different TF's. I believe Don recommends the monthly down to 30M.
2. Do you enter on the close of the candle when color changes back to the
longest time frame or when it's still open (developing)?
I have used both and they seem to offer similiar results. I have seen the closed get me in with a better confirmation.
3. Do you use the minimum time frame for entry or 1 time frame lower?
1 timeframe lower
4. What do you use as an exit strategy?
I agree with Don as I don't use a stop. I will keep only mental ones.
5. Do you use a stop loss? If so, what is it based on?
I answered that.
6. What sessions do you trade and times?
I don't have a set session schedule.
7. What pairs do you trade?
I like to trade ones with lowest spreads.
Thank you in advance for sharing you knowledge with us. I greatly appreciate it.Ignored