PowerTrading/The River

robert is this u or ur wife who are trading
and well u r on wss still or not :d
u using this or wss ?


hehe

thanks
netwise

?????. Sorry you've confused me with someone else maybe??!!

Hi Netwise,
Thanks a lot for your big contribution in this thread.
Please advise me, if you made some modification indicators on River Methode?
and..where I found "Non lagging ZIGZAG_V2 indicator, with price=0, length=100 and PctFilter=2.0. Use it to help set your Fibos". I didn't find in my MT4 platform (Alpari-idc).
Thank You

regards,
Khamid

Abid,

I wondered what you were using to give your signals in the WSS chatroom.....NOW I know! LOL!

carwood
Otherwise known as Pip Meister

well i dont use this for giving signals :d
i am using 2 techniqs and well if u see this river u see previous and today u just got loss in this coz u follow and its touched stop loss :d
u need to learn learn learn and learn carwood

good luck
netwise

Just kidding you a little! I didn't take the trade....I use different methods and am up over 220 pips this week....and I want to learn more!

PM

I have just configured this system on my trade platform. I have a couple questions:

1) Do I have to use candles? Or can I use bar charts?

2) Is it safe to enter the trade when a full bar (rather than full candle) forms outside on the other side of the river?

The reason I ask is I can't get my trade platform to switch to candles even though I select it.


Thanks,

Frank

Is anyone else seeing a "sell" signal on GBP/JPY with this system? I see that "bar" has formed after crossing the river.

I want to make sure I configured this right.


Thanks,

Frank

Candles and Bars on all charts ar the same exact data. They are the same thing... They have the same high low open and close, so they work the same way

Thanks Scott! That's what I was assuming, but just thought I'd confirm with someone that knows more than I do.


Frank

How we can avoid false singals in River. any indicator or suggestions thanks..

It has been a while since I have posted here about the River Trade but it is still working well. Combined with my PowerTrading Method you can filter out most of the bad trades. The basics are essential to understanding how to trade. By basics I mean, Fibonacci, support and resistance and trendlines. If you combine the River with these basics you will be successful.

PT

I will be posting charts again very soon. 90 pips today with this method.

Here is a chart and you will see a sell order still active. I was able to collect 90 pips today from the top of this chart and playing the River twice today. The current position is up but I will probably take it out if it moves back.

Welcome back PT

Thanks and there will be much more to come.


PT

I am still in final position from earlier today. I am up 62 pips at this point but I am not convinced to close it yet because we keep making lower highs and I am looking for a break of the 2.0300 to see if it wants to run a long way. The chart shows our sell ticket and if you look at the Fibs and the pattern of the day, it is obvious why we were able to take three sell trades this day.

PT

All trades can be trumped by news. In the case of my last open position we were following a good downward trend and were not threatening the upper trendline until just prior to this mornings news. At that point, not knowing which way the news would go, I set a stop loss at 72 pips profit and hoped it would continue to go short. It took me out, as usual, and I ended with 72 pips for this last sell order. Not bad but not what I had hoped for with this trade. Notice in the chart the upper trendline and how it held right up until news time. You can certainly see the news effect.

PT

Yeah
some time ago I was nicely loosing on that rriverr
now i will try to loose on GU

When you learn a new method/system you should first decide if it works and if it is worth your time to learn.

Here are some facts you may want to consider before spending any of your time learning the River and my Power Trading Method. So many people here and other places claim to make pips but never actually show you the proof. Most of the charts I have and will post will have actual sell or buy orders in place you can see. In addition I opened an new account in September along with my trading partner that will be audited by a CPA. I will report pip count, win to loss ratio and other important information from this account. Wouldn't it be nice if everybody did the same. Here are the figures for

September:

Total Positive Pips 481
Lost Pips -59
Net Pips gained 422

Total Trades 36
Wins 32
Losses 2
Breakeven 2

The account grew by nearly 20 % for the Month!

These are the results I had from this account trading only one currency pair, GBP/USD. If you are having better results then these, you should start your own thread.

PT

Here are a few examples of trades from last week.

Notice the two sell tickets from 10/8. This is a typical River trade but the trick is where to enter. You can not base this on a cross alone. You can't base it on any one basic. You need to understand Fibonacci, Price Action, Trendlines and Support and Resistance. Any one will not work on it's own.