I haven't paid a fee for 3 1/2 years now and still enjoy the benefits. I don't call that greed, I call it a good guy who wants to help people become good traders. I've never seen an advertisement by J16 reguarding the PF. He doesn't have a money ...

GBPAUD — Hi Everybody, So much going on with GBPAUD I just wanted to post up some charts and thoughts to see what you guys think. Price is now near the top of a long bearish channel or funnel type pattern on the weekly. Weekly HCR with ...

sfp AUDCAD daily — SFP off trendline + off RN 1.0300 + Pinbar/w strong close. Target 150ema/PPZ

eu — rounded retest coming into play here?

You know, I think Mouteki is sitting back and watching this thread to see how people are learning to trade this system on their own. He jumps in once in a while with some info (almost perfect timing), but it seems like by then most people following ...

I won't speak for summitfx, but I think that some discretion needs to applied to the system. At least until Mouteki tells us otherwise

Great minds think alike

Without looking at the details i'm not sure if you messed up, but yen crosses can have very large average daily ranges (well over a hundred pips), so your s/l might have to be adjusted accordingly. In other words, if your projected target was 100 ...

I don't know but here is a quote copied from Mouteki's first document. The bold part seems to imply to me that the slope of the demand line must be up and the slope of the supply line must be down. Just MHO Jimmy "Supply and demand create price ...

Not sure, but I think it does because: The point marked A1 would have been the original low with with two higher lows on either side. As time progressed A2 is now the most recent low with two higher lows on either side. Point B is still the next ...

I think I've got it. Since I don't want it to manage take profit at this point I set "close_lots" to false. set "move_stops" to true "first_stop" to 40 and "stop_differential" to 10 I've got it turned on now also (Just wasn't looking in the right ...

Thanks imbiber, I'll check it out. I've never used an EA with metatrader, do I put it in the experts folder? (i.e. the parent of the experts/indicators where you would normally put an indicator). And then how do you turn it on?

gbp/usd long — demoing long gbp/usd using s/l of 33% as per the new s/l rules of the method. The only problem I might have is moving stop to plus 10 when 40 pips in profit. Since a trade on the 4hr charts can last days this would seem hard to ...

lonespruce, I had a similar question, go back and read post #512 of this thread and some of the responses to it. Hope it helps.

Hey, no problems here with disagreement. If you're saying what I think you are, I had a similar question regarding how to draw demand and supply lines and the slope of them. Take a look at my post here, post #512: ...

Actually here's a chart with the most recent support line drawn also. If a short trade was taken and price moved against it there might be an opportunity to stop and reverse on an upward break of the resistance represented by the supply line.

carmel, My understanding is this: The upward sloping demand/trendline represents support, so a short would be initiated on a break of this recent support, or a bar opening below the demand/trendline. If we had drawn a supply line (a downward sloping ...

JG, This is my chart on the usd/jpy short breakout. The shaded bar is the bar that opened below the demand line. The highest high is the top vertical line 118.15, and the vertical line intersects the demand line at 117.01, which would give a target ...

Thanks Peter and sm, I thought I was barking up the wrong tree with that, and am glad to have your inputs. The site describing the wedge formations and how they might play into your decision for entering a trade is good. So, demand lines slope up ...

nitman, Point well taken, I see what you are saying and you're probably right. Thanks Jimmy