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PowerTrading/The River

  • #501
  • Dec 14, 2007 4:03am Dec 14, 2007 4:03am
Hello Aldan... care to share your template with us here ?
  • #502
  • Dec 14, 2007 8:29am Dec 14, 2007 8:29am
Any takers on my question about the sniper indicator and the chime that sounds??
Info would be much appreciated..
  • #503
  • Dec 14, 2007 10:16am Dec 14, 2007 10:16am
Here the continuation of my River240 Trade!

Finally i am in Profit too for today...

what a shame i closed cable to early and was stopped on GPB/JPY ..

both could have been big winners !

Also i missed the Eur/usd River240 Entry would have been great but possiblities are abundant ,aren`t they?


I move SL to BE hich is not visivle in the Screenshot yet.

Will share my template soon !

@ Sampsun! will try to answer ur question about the FXSniper , but hope PT can give u a better explanation..i am pretty sure i use it another way than most do lol
Attached Image (click to enlarge)
Click to Enlarge Name: 141207 Cable River240 Entry.png Size: 77 KB
  • #504
  • Dec 14, 2007 12:54pm Dec 14, 2007 12:54pm
Here my Templates !

*.tpl in templates directory the rest in /experts/indicators!

Have fun
Attached File(s)
File Type: zip River15.zip   70 KB | 1,023 downloads
  • #505
  • Dec 14, 2007 1:19pm Dec 14, 2007 1:19pm
Hi there... thanks Aidan for the template.....
  • #506
  • Dec 18, 2007 9:34pm Dec 18, 2007 9:34pm
Sorry I have not posted for a few days I have been very busy. I will probably slow down posting until January because of Christmas and the market is really ranging. It is setup better for scalping than normal trading but look for at least one more good break before the first of the year.

Here is my Zone for tonight. It is large but if we break the low of the day we should run. Keep and eye on the 4hr chart as well.
Attached Image (click to enlarge)
Click to Enlarge Name: cableriver96.gif Size: 31 KB
Zone Breakout Method
  • #507
  • Dec 18, 2007 9:51pm Dec 18, 2007 9:51pm
Pretty easy to tell where the breakout will come on this 4hr chart. Use the fibs to guide your entry.
Attached Image (click to enlarge)
Click to Enlarge Name: cableriver97.gif Size: 19 KB
Zone Breakout Method
  • #508
  • Dec 19, 2007 6:44am Dec 19, 2007 6:44am
hi there everybody... is good to see some more posts of late, dec has been a fairly profitable month, up 680 points for the month so far, just with the straight river from 12pm to 2am EST.
i would really appreciate some feedback on the chime and the interpretaion of the sniper???
using the zone breakout is really good on the backtesting but live its all about chart interpretaion, is a bit of a toss up for me at the moment...

thanks guys...
  • #509
  • Dec 19, 2007 7:24am Dec 19, 2007 7:24am
Quoting Sampsun
hi there everybody... is good to see some more posts of late, dec has been a fairly profitable month, up 680 points for the month so far, just with the straight river from 12pm to 2am EST.
i would really appreciate some feedback on the chime and the interpretaion of the sniper???
using the zone breakout is really good on the backtesting but live its all about chart interpretaion, is a bit of a toss up for me at the moment...

thanks guys...
Fantastic results for this month.
Zone Breakout Method
  • #510
  • Dec 19, 2007 7:35am Dec 19, 2007 7:35am
I took first trade when we broke a trend line and then afterwards when we broke the Zone and previous low.
Attached Image (click to enlarge)
Click to Enlarge Name: cableriver98.gif Size: 35 KB
Zone Breakout Method
  • #511
  • Dec 19, 2007 7:36am Dec 19, 2007 7:36am
Just more of the same move. 70 pips so far!!!
Attached Image (click to enlarge)
Click to Enlarge Name: cableriver99.gif Size: 33 KB
Zone Breakout Method
  • #512
  • Dec 19, 2007 7:47am Dec 19, 2007 7:47am
Still sitting on this one.


Just closed this for 45 Pips. 115 for the day!
Attached Image (click to enlarge)
Click to Enlarge Name: cableriver100.gif Size: 31 KB
Zone Breakout Method
  • #513
  • Dec 19, 2007 8:12am Dec 19, 2007 8:12am
Here is why we look at the 4hr chart. When we broke this area it had been very strong support. Anytime you can break an area of strong support on a 4hr chart you will get some pips.

I am giving you people some great information here for free. I am one of very few people posting charts with live trades and sometimes as I take them. Please take the time to learn this method and the basics of trading. There are so many good threads here about everything and if you just use the things I teach, you can be successful. I will be posting Decembers results at the end of the month. I have had a great month in chop but there are a few trades to go.

Learn to earn!!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: cableriver101.gif Size: 25 KB
Zone Breakout Method
  • #514
  • Dec 19, 2007 8:03pm Dec 19, 2007 8:03pm
Tonights Zone looks like this. Be careful trading today. We broke some major support last night and the bias is short. Use the 4hr charts as well as the 15 min. Major move down last night so you might expect a little retrace but don't take anything for granted. December is crazy and a lot of people are settling accounts before the end of the year.

PT
Attached Image (click to enlarge)
Click to Enlarge Name: cableriver103.gif Size: 28 KB
Zone Breakout Method
  • #515
  • Dec 19, 2007 8:07pm Dec 19, 2007 8:07pm
hi, thx for sharing ur system
i wounder how can i get the yellow zone?
thx
  • #516
  • Dec 19, 2007 8:55pm Dec 19, 2007 8:55pm
Quoting fxaus
hi, thx for sharing ur system
i wounder how can i get the yellow zone?
thx
Once you determine where you are going to place in based on the place of consolidation. You go to insert, shapes, rectangles and drag it where you want it.

PT
Zone Breakout Method
  • #517
  • Dec 20, 2007 7:43am Dec 20, 2007 7:43am
Quoting PowerTrader
Once you determine where you are going to place in based on the place of consolidation. You go to insert, shapes, rectangles and drag it where you want it.

PT
Just want to say thanks for the method and I appreciate your willingness to help others. I have been following this for the 2 weeks and even read the threads on the other forex site. Thanks again

- Hondakorn
CRAIGSLIST BARTERING CHAMPION
  • #518
  • Edited 9:49am Dec 20, 2007 8:26am | Edited 9:49am
Quoting Sampsun
hi there everybody... is good to see some more posts of late, dec has been a fairly profitable month, up 680 points for the month so far, just with the straight river from 12pm to 2am EST.
i would really appreciate some feedback on the chime and the interpretaion of the sniper???
using the zone breakout is really good on the backtesting but live its all about chart interpretaion, is a bit of a toss up for me at the moment...

thanks guys...
I will give u some input on the Sniper indicator soon!
Also it will help if u check the formula of this indicator..its great for understanding!

Also to all i did not post a few days as i am "on the road" but will do again after christmas/new year!!

i am also around 250pips for this month (could have been much better imho but beggining january my schedule should work 100% hopefully )


All the best to PT and everbody else !!
  • #519
  • Dec 20, 2007 7:12pm Dec 20, 2007 7:12pm
Quoting hondakorn
Just want to say thanks for the method and I appreciate your willingness to help others. I have been following this for the 2 weeks and even read the threads on the other forex site. Thanks again

- Hondakorn
You are very welcome!
Zone Breakout Method
  • #520
  • Dec 21, 2007 10:10pm Dec 21, 2007 10:10pm
Hi Powertrader,

I've been lurking in the background for some time now and I've enjoyed watching the development of your method. Here is a GBP short trade I took on Friday. Fibs are pulled from high and low of Thursday. As you can see the 50% fib has not been broken during the early part of the Friday session. I have drawn my breakout box between the resistance line @ 1.9892 and support line @ 1.9863. I entered at the close of the candle marked with the yellow arrow @ 1.9860. Exited @ 1.9828 for +32 pips. Keep in mind the daily range was only 81 pips on Friday.
Attached Image (click to enlarge)
Click to Enlarge Name: 1 pt 211207.gif Size: 25 KB
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