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PowerTrading/The River

  • #181
  • Oct 25, 2007 9:47am Oct 25, 2007 9:47am
Quoting darko80
i don't understand...do you draw fibo from yesterday HI LOW to....?
bro i think u cant understand me
well i draw the fibo
from yesterday hi to yesterday low and yesterday low to yesterday high

that what i mean i hope u understand
  • #182
  • Oct 25, 2007 9:59am Oct 25, 2007 9:59am
i understood, thanks since now i drawn fibos on 30 or 1h TF's, but retracements levels doesn't work properly.

P.S. on 1min TF i obtained nice results, but i cannot stay at computer every minute
I'll try 15min
  • #183
  • Oct 25, 2007 10:44am Oct 25, 2007 10:44am
Quoting darko80
i understood, thanks since now i drawn fibos on 30 or 1h TF's, but retracements levels doesn't work properly.

P.S. on 1min TF i obtained nice results, but i cannot stay at computer every minute
I'll try 15min
sorry to say bro please dont mind but i think u r new in forex
when u draw the fib low to high , high to low well they are same on 1h 30m or 15m or even 1m no change in them bro

i am sorry but i think i cant understand what u wana say

anyway THE RIVER is good for us and its giving daily some nice pips

good luck every one who using RIVER

and thanks to POwer Trader who introduce this

Netwise
  • #184
  • Oct 25, 2007 11:13am Oct 25, 2007 11:13am
ya, i'm new to fx, but i draw one fibo and use only it. Before i said i put fibo on the last up or down trend on 30m TF or 1h TF. Now i work better with your suggestion.

Thanks
  • #185
  • Oct 25, 2007 12:31pm Oct 25, 2007 12:31pm
We are still in a very tight range on the Gbp/Usd. I have not moved the fibs from two days and you can see we are in between ) 0 to 23.6 with just a few wicks outside that area.
Here is my take on why we are in such a tight range. The fundamentals have been completely terrible for the USD, but at the same time we are at such a high level, the big boys do not want to push this pair too much higher. This is a nervous time because there is only so much bad news the dollar can take without losing even more ground to the Gbp. I still have my short positions in place and now is the time for patience.
Attached Image (click to enlarge)
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Zone Breakout Method
  • #186
  • Oct 26, 2007 4:52am Oct 26, 2007 4:52am
First and 2nd Trade of the Day
=======================

Hello Guys !

Attached herewith the picture of the trade i do
first trade i do short and i loss 50 pips in that touched my SL
and 2nd trade i do long and i got +100 in that trade

so overall +50 for today

see the attched picture

Thanks
Netwise
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  • #187
  • Oct 26, 2007 9:41am Oct 26, 2007 9:41am
We are now in the 4th day of tight ranging with just a few breaks. If you had taken the breaks there were some pips there but I am still looking for short positions only at this level. That could be a mistake but so far it is okay. I took some pips this morning from the high but I still have a few positions open where I am behind. I think this will all play out Monday.


I still have fibs set from several days ago on this chart but I will update them for next week.
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Zone Breakout Method
  • #188
  • Oct 29, 2007 2:41am Oct 29, 2007 2:41am
Any River Theory's user or expert knows how long this system is used? I like it and i read it works with a lot of indicators changes too, but how old is it?
  • #189
  • Oct 29, 2007 9:37am Oct 29, 2007 9:37am
Quoting darko80
Any River Theory's user or expert knows how long this system is used? I like it and i read it works with a lot of indicators changes too, but how old is it?
I am not sure the age of this system/method. You can look into the history of the 62 envelope here on FF and come to your own conclusion. For me I do not trade it as a cross anymore and haven't for quite some time. Without the basics, it will often give false signals. With knowlege of Fibonacci, Support and Resistance, Price Action, Trend lines, Zone Breakout and proper Money Management, it is very effective.

PT
Zone Breakout Method
  • #190
  • Oct 29, 2007 10:48am Oct 29, 2007 10:48am
Quoting PowerTrader
I am not sure the age of this system/method. You can look into the history of the 62 envelope here on FF and come to your own conclusion. For me I do not trade it as a cross anymore and haven't for quite some time. Without the basics, it will often give false signals. With knowlege of Fibonacci, Support and Resistance, Price Action, Trend lines, Zone Breakout and proper Money Management, it is very effective.

PT

I seen the false signals of this system can be avoided waiting for the right candle formation... like no other i've tried....so this is a power point in trading systems. I've to say to you 1 more thing: i really appreciate the 4h version (riverwild) you posted a while ago. Did you use it anymore? Because since now i seen it has more clearly entries and with a proper money management could be more successfull than the 15min one.
What do you think about it? I ask you about it cause i don't found many informations on it.
  • #191
  • Oct 29, 2007 5:13pm Oct 29, 2007 5:13pm
Quoting darko80
I seen the false signals of this system can be avoided waiting for the right candle formation... like no other i've tried....so this is a power point in trading systems. I've to say to you 1 more thing: i really appreciate the 4h version (riverwild) you posted a while ago. Did you use it anymore? Because since now i seen it has more clearly entries and with a proper money management could be more successfull than the 15min one.
What do you think about it? I ask you about it cause i don't found many informations on it.
I still trade using the RiverWild but I have not posted to that thread for while as it did not have the same interest as the 15min. I will put together some posts in the future.

PT
Zone Breakout Method
  • #192
  • Oct 30, 2007 4:19am Oct 30, 2007 4:19am
Quoting PowerTrader
I still trade using the RiverWild but I have not posted to that thread for while as it did not have the same interest as the 15min. I will put together some posts in the future.

PT

Ok thanks PT.
RiverWild is designed for 4h TF, right? And are blue line levels a sort of take profit areas? I found a personal way to entry and exit based on Fibonacci, trade lines, pivots and river of course, but i'm not yet able to re-enter when the trend continues after a little retracement.
Any help?

Thanks
  • #193
  • Oct 31, 2007 2:04pm Oct 31, 2007 2:04pm
The good news about trading the River with knowledge is you can change direction when the market calls for it. You can actually do this with any method and knowing when is the key. Understanding we were building to an interest rate cut would allow you to position yourself over the last few days to take the ride up.

PT
Zone Breakout Method
  • #194
  • Nov 5, 2007 9:58am Nov 5, 2007 9:58am
First of all I'm really want to thank you for share this method with us, I'm follow Rob since more than 4 years and I really learn a lot from him.
Your system look great and I want to ask you if you can let me know how to "read" the FX Sniper's and also the Absolute Strength (or were can I found something).
If you consider a good idea I can put every night all trades using your system. Thank you again for share it.
  • #195
  • Nov 5, 2007 2:33pm Nov 5, 2007 2:33pm
Finally got that move short I have been looking for and made 75 pips today. Sometimes you just have to sit it out until you get what you want. I actually was up about 100 pips and kept moving stop up until finally we went back enough to knock me out. This is a good lesson on locking in profit. It would be a shame to have given 75 pips back, I was not very happy giving 25 back.
Here is the chart I used today but keep in mind I went in early based on my perception but even if you had waited for the breakout of the zone, there were still lots of pips.
PT
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Zone Breakout Method
  • #196
  • Nov 5, 2007 7:54pm Nov 5, 2007 7:54pm
Looks like a great system, cant wait to trial it live...

Thanks again for sharing!

GCTrader http://www.forexfactory.com/images/icons/icon10.gif
  • #197
  • Nov 7, 2007 9:07am Nov 7, 2007 9:07am
Another GREAT TRADE... Thanks again to all for share this strategy
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  • #198
  • Nov 7, 2007 12:41pm Nov 7, 2007 12:41pm
Quoting Bull
Another GREAT TRADE... Thanks again to all for share this strategy
Great Job,

I am going to be talking more in the future about the zone breakout (yellow box). It is a major part of how I trade this method, but you are doing a great job.

Good luck,
PT
Zone Breakout Method
  • #199
  • Nov 7, 2007 2:39pm Nov 7, 2007 2:39pm
Here we go with a River reversal. We have started the retrace based on the upward move of today. This could be very short term if we continue this strong upward move but I have already locked SL into profit at 2 pips. As usual I jumped in just a bit ahead of the zone break but I don't advise it until you are comfortable. Also, it is not always a good idea to jump into a trade late in the US session.
Attached Image (click to enlarge)
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Zone Breakout Method
  • #200
  • Nov 7, 2007 2:46pm Nov 7, 2007 2:46pm
Here are the results from my PowerTrading method on my audited account for October

October Overview

448 Positive pips for the month
Averages: 112 per week
10 out of 10 Positive trades
100% Success Rate

This account is now over 20 percent profit in 2 months. Do the math, if you invested 20,000, you now have over 24,000. If you invested 200,000, you now have over 240,000. Pretty good return in two months. This account is audited for accuracy by a CPA.

Zone Breakout Method
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