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PowerTrading/The River

  • #421
  • Nov 30, 2007 4:22am Nov 30, 2007 4:22am
Target Hit : 155Pips ! Gimme just 4 such Trades a month and i am happy as Goldilocks

Now lets see what cable does as G/J fights with big RES until 229.20 area !



EDIT: Cable broke out PT`S Entry Zone and G/J is fightin 229.20 hard.. now i watch geppys price action for (MAYBE) playing the retracement..but that has nothing to do with the river!
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  • #422
  • Nov 30, 2007 4:31am Nov 30, 2007 4:31am
One can also always watch Yen futures to get a hint for the yaps !

In this case it was starring you in the eye ..also the 229.20 Resistance is "mirrored" here !

(its River240 Setup but 1H Chart so ignore it there)
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  • #423
  • Edited 8:10am Nov 30, 2007 5:16am | Edited 8:10am
My cable was stopped out for +8 Pips !

Enuff for today ! but watching the action ..(btw g/J mini-retracement could have been 40-60pips but i did not take it ..be happy with what you got when its more than BE for a day ..and today it was much more !)
  • #424
  • Edited 9:55am Nov 30, 2007 9:32am | Edited 9:55am
As PT said on Friday`s strange things hapen lol

Here a "end-of-week" Entry with Cable ,which i "missed to watch" because i was outside my castle...
please pay attention that this is an "entry-with-the-flow" ..normally you wait for one candle to CLOSE outside the River..but with exp u can take such entry as strong momentum suggests more potential (even though one should use smaller positions for such )

would have been good for 30-60 pips, EDIT: maybe 90 Pips

EDIT: Cable just hit 2nd imagenary target..next BIG suport 2.0500-2-.0515 imho !

also the retracement on geppy seems to have more potential do the downside...i will wait and see if it can break support (Also Yen F @ medium Support)..but won`t trade anymore as i said..
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  • #425
  • Nov 30, 2007 10:12am Nov 30, 2007 10:12am
@ Marolam!

I edited post #415 further! will add more but time is scarce

btw Cable retraced like a 1 @ the 4H (blue) 23.6 Fib..it was a great target
  • #426
  • Edited 3:00pm Nov 30, 2007 12:09pm | Edited 3:00pm
Does PowerTrading work? I am posting the actual results of our live audited account for the month of November. We had more losses this month and our win ration was down but our pip count was up. Plug in your value to the pip count and estimate what you could make. We have now completed 3 months on this account and it has grown just under 35%. This is a fantastic rate of growth. If you invested 100,000 you would now have a profit of approximately 35,000. What other investment will give you these kind of returns and remember, our Money Management is very conservative.

November Overview

575 Positive pips for the month
Averages: 144 pips per week
46 of 55 Positive trades
84% Success Rate

Zone Breakout Method
  • #427
  • Nov 30, 2007 12:21pm Nov 30, 2007 12:21pm
Just to compare.


October Overview

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


September Overview

422 Positive pips for the month
Averages: 105.5 per week
23 out of 25 Positive trades
92% Success Rate


Zone Breakout Method
  • #428
  • Nov 30, 2007 12:28pm Nov 30, 2007 12:28pm
Hi PT !

because of the month of OKTOBER!

may i ask why there where only 10 trades?

also those Stats are only for GPB/USD ! right?

excuse me if this was allready answered in earlier posts!
  • #429
  • Nov 30, 2007 1:37pm Nov 30, 2007 1:37pm
Quoting PowerTrader
Does PowerTrading work? I am posting the actual results of our live audited account for the month of November. We had more losses this month and our win ration was down but our pip count was up. Plug in your value to the pip count and estimate what you could make. We have now completed 3 months on this account and it has grown just under 35%. This is a fantastic rate of growth. If you invested 100,000 you would now have a profit of approximately 35,000. What other investment will give you these kind of returns and remember. Our Money Management is very conservative.

November Overview


575 Positive pips for the month
Averages: 144 pips per week
46 of 55 Positive trades


84% Success Rate

PT,
Well done. You are doing an excellent job in demonstrating to the less experienced traders, how following a clearly defined trading strategy with sound money management is all one needs to succeed. Whats more impressive is the fact that these trades are done live. I salute your integrity.
DD
  • #430
  • Nov 30, 2007 2:19pm Nov 30, 2007 2:19pm
Quoting AidanPryde
Hi PT !

because of the month of OKTOBER!

may i ask why there where only 10 trades?

also those Stats are only for GPB/USD ! right?

excuse me if this was allready answered in earlier posts!
You are correct, there were only 10 trades in October but all were winners. We used a slightly different strategy this month and traded much more. We had more losses but also made more pips. Yes this is on GBP/USD only and when we add other pairs you will see the same results and double the pips.

Thank you,
PT
Zone Breakout Method
  • #431
  • Nov 30, 2007 2:25pm Nov 30, 2007 2:25pm
Quoting doubledutch
PT,
Well done. You are doing an excellent job in demonstrating to the less experienced traders, how following a clearly defined trading strategy with sound money management is all one needs to succeed. Whats more impressive is the fact that these trades are done live. I salute your integrity.
DD
Thank you for the kind words DD. It is important for people to see real trading and not hear about 1000 pips per day or even a month. This is real, and you have grasped the main reason for success. Sound Money Management. Without it, even the best trading method will fail. I hope we have put a realistic face on professional trading and people are learning. I never make any decisions quickly or based on one piece of information. To be successful you need to learn all the basics I have mentioned.

PT
Zone Breakout Method
  • #432
  • Edited 2:06am Dec 1, 2007 2:03am | Edited 2:06am
hi Guys!

attached here with the chart on which i trade

well do 3 trades and 2 win and 1 loss

let me give u my trades of friday

Sell 226.40 Target 225.40 SL 227.00 ( SL hit - 60 )

Long GJ 227.44 Target 228.15 ( fib 61.8 ) SL 226.84 ( Target Hit +74 )

Short GJ Again from 229.00 Targetting again 61.8 fib 228.15 Target Hit +85 pips again

thats the trades for me which my River gives to me
River is the best of the best POWERTRADER thanks to you bro u introduce this

- 60
+74
+85
Total pips 159 pips on Friday i am sure its a good performance

good luck

Netwise
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  • #433
  • Dec 2, 2007 7:57am Dec 2, 2007 7:57am
Quoting netwise
hi Guys!

attached here with the chart on which i trade

well do 3 trades and 2 win and 1 loss
- 60
+74
+85
Total pips 159 pips on Friday i am sure its a good performance

Netwise
Admittedly maths has never been one of my stronger points, but,
-60+74+85= 159.. I think not old chap.
Me thinks 99.
Still well done.
DD
  • #434
  • Dec 3, 2007 3:44am Dec 3, 2007 3:44am
We broke out of the Zone long early and ran about 50 pips from my original Zone. I set my SL just above break even and was stopped out when it turned, my only 3 pips. When we entered into the Zone on the way back down, I took a short position and kept moving the stop each time we went 10 pips lower, finally it came back and stopped me at at 44 pips profit. We had news out at 4:30 and it was good for the GBP and has moved us back up, at least in the short term. If we break low or high of my box again, I will enter in either direction. For now I will catch some sleep with my 47 pips in the bank.

PT
Attached Image (click to enlarge)
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Zone Breakout Method
  • #435
  • Dec 3, 2007 3:51am Dec 3, 2007 3:51am
Quoting doubledutch
Admittedly maths has never been one of my stronger points, but,
-60+74+85= 159.. I think not old chap.
Me thinks 99.
Still well done.
DD
ahahaha i am really really very sorry
ya its total 99 pips i am really sorry thanks for cathc the mistake bro
THANK U

netwise
  • #436
  • Dec 3, 2007 3:57am Dec 3, 2007 3:57am
Hi Guys !

here is my chart for today and my todays trades.

1. i short GJ from 228.05 Targetting the Fib level (76.4) 227.40
Target Reached +65 pips in pocket

2. i short again GJ from 227.58 target +100 coz its near the 76.4 fib so thats why target is +100 pips and sudden down and target reached

so total pips +65 +100 = 165 pips in pocket today

great day and clsoe the trading day

thanks once again to POWERTRADER who introduce this method to me all the credits goes to him

Thanks
netwise
Attached Image (click to enlarge)
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  • #437
  • Dec 3, 2007 4:23am Dec 3, 2007 4:23am
Quoting netwise
Hi Guys !

here is my chart for today and my todays trades.

1. i short GJ from 228.05 Targetting the Fib level (76.4) 227.40
Target Reached +65 pips in pocket

2. i short again GJ from 227.58 target +100 coz its near the 76.4 fib so thats why target is +100 pips and sudden down and target reached

so total pips +65 +100 = 165 pips in pocket today

great day and clsoe the trading day

thanks once again to POWERTRADER who introduce this method to me all the credits goes to him

Thanks
netwise
Fantastic,

You guys are really getting the method. You are doing very well. Keep up the good work.

PT
Zone Breakout Method
  • #438
  • Edited 5:34am Dec 3, 2007 4:29am | Edited 5:34am
Quoting PowerTrader
Fantastic,

You guys are really getting the method. You are doing very well. Keep up the good work.

PT
Thank u very much bro all credits are going to you
if u cant introduce this thing i think FOREX was a hard to trading but through this i m sure a child can do the trading

thanks once again

netwise
  • #439
  • Dec 3, 2007 11:41am Dec 3, 2007 11:41am
Hello guys... help me to understand further this river trading method... If possible does anybody have a pdf format explaining everything about river trading method....To me it's amazing comparing with other method of trading I've tried and tested before....

Problem to me is "the entry and the exit point". I'm still sort of crawling to get hold of this. I wanna master this trading method.

Thanks again.
  • #440
  • Dec 3, 2007 1:33pm Dec 3, 2007 1:33pm
Quoting Syahmi
Hello guys... help me to understand further this river trading method... If possible does anybody have a pdf format explaining everything about river trading method....To me it's amazing comparing with other method of trading I've tried and tested before....

Problem to me is "the entry and the exit point". I'm still sort of crawling to get hold of this. I wanna master this trading method.

Thanks again.
I do not have a pdf and will not create one. This method is understand the basics of trading. There is not any one trade the will make you successful in my opinion. You must be prepared with knowledge to tak action under any circumstance. You can look back at the posts and see some of my entry and exit moves.

PT
Zone Breakout Method
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