PowerTrading/The River

Thanks, but there have been lots of people trading the 62 for years. I think just combining the basics to it is what make it a great method.

PT

Watching this move closely. I have a stop loss set now and it would be well over 100 pips and we are now up more than 150 pips on this single move. Great isn't it. I wish everyone would post some charts with the sell and buy orders in place. Keeps everyone honest.

I closed this order at 140 pips profit. Total of 177 for the day!

Dear PT !

well ya alot of peoples do the trading but the credit goes to you for this great system

all i wana request to guys who are expert in making and Expert Advisor if any one can make the EA for this system its great gift for all the noobs trader who loss alot of money in forex i think some one here surely make the EA which will work perffectly and its easy for all the guys who dont know how to pickup the trade

thanks
Netwise

Trading in the Zone

When trading the River on any other method it is important to understand where the Support and Resistance are located. If you can isolate price you are then able to identify where the breakout my occur. When using this either with the River or Fibonacci, price action will determine where to enter and exit the trade. Notice on my chart I have created a box but unlike other box methods there is no defined time on the beginning or end of this box. This box can extend over multi-day periods. You could extend even if there is a breakout if price then returns into the same area after the breakout. The more times price consolidates inside these zones the more effect the breakout. You continue to update it until you start to have movement in price. I will be posting more on this but for the time being try drawing a box once price action slows for the day and continue till price starts to move again. It requires some practice like all other methods.
PT

you talk a lot about support and res.....tell me....when you draw your yellow boxes, how did you know where to stop and start them?

Also, does that work on a higher time frame, for example a 4 hour or daily chart?

Great question XS,

I start to draw the box when price action slows down for the day and continue to update it until price starts to move again and when I say move again, I mean move more than a few pips up and down.
Yes it will work on higher time frames as well. Anytime you can consolidate price you have an opportunity to trade the break.

Hope this helps,
PT

Here is what I am looking at to determine where we could place an order later. I pulled a Fib from previous move and in this case it was high to low. We have retraced back to 23.6 and a little past. If we are going to continue downward we could turn here or at the 38.2 or 50% level. I am looking for a continuation of the downward move but, based on history from the last several weeks, we are in that ranging area where we could go right back up. If you look at my posts you will see I have been living on short positions this entire month. So, with all this knowledge and information what do we do?

We wait for Price Action to determine our next move. I have a limit order in place for a short at the 50% level which is also just under the 2.0400 area but I may pull it once I watch price. Most likely I will not take a long position tonight although there may be a good move that direction. If I miss it I will simply catch the short on the way back down.

Now this is my trading thoughts and I respect that others may be looking for a long position.

Hi guys !

Thanks GOD +100 in pocket today again
see the attached picture

good luck all and i am sure some one here make an EA of this system for all of us

thanks
Netwise

Long again from 233.21
lets see how many pips we got from this trade

good luck all
Netwise

Hey !

as i can say i long from 233.21
i got +50 in this trade hehehehe
thats amzing hhehehe i love this trading Method

HOPE SOME ONE MAKE AND EA FOR THIS METHOD

here is the picture of my trade

good luck
Netwise

Using the River and the Zone you could have made some great pips already this morning. However as I have said I am living on sell orders this month so I am looking for a place for a reversal.
This will give you an idea though of how you can judge when to take a River trade. We broke out of consolidation long. Notice we broke out at the 38.2 fib level. We are still in this range and it allows us plenty of room to make pips.

Hello PT !

bro i request u one thing if u r able to make an EA of this method it will be high appreciated or if u know some one who can do it

thanks
Netwise

There have been a few attempts but I don't think there is a formula for success with this method. You need to understand fibonacci and the other basics to succeed. I am open to try one again but I have tested at least 4 and none were good.

PT

well bro thanks for ur reply
i dont need the EA for my self but for others who are new in this
and also alot of guys need some time to understand the baisc things of this system with the help of fib thats why i want an EA otherwise i dont need it for my self

i completely understand this system and working with it like before 6 months and make huge huge profits every day

what i wana say if some one patiently trade with this system then i am 100% sure he can make atleast 100 pips a day for sure ( thats what i can make every day as u can see the pictures above i post )

thanks once again POWERTRADER u introduce a great system which really works

thanks
NETWISE

Here is another Trade Guys
i took short from 233.80 area
lets see how many pips i got from this trade
see the picture

thanks
Netwise

I found my place to take another short position. It was right at the 61.8 fib level. This was an excellent place for this to turn. It could still turn on me but I will hold this order until I get the pips I want. Up 21 now but it could take a while.

yahoo guys
another +50 in pocket
easy pips hahahaha great work

thanks to POWER TRADER


NETWISE

ok i enter in long again
from 233.55
lets see how many pips i got from this trade targetting 40 50 pips

thanks
netwise

Close this trade with just +5
ehhehe something is better then nothing
i dont think so that GJ will go up i think its time that we ride on Down

anyway got +5 in the above trade

Thanks
Netwise