the key to the mint

mmmmmm

must have missed the 7 wins and 1 lost post then

tmac read my posts from may 6 on i posted 6 winners the 1 loss i had i did in trading room and shouldnt have put trade on news came out at 9 pm for aud and i didnt know

i thought i would update the method here. we still get daily trend for next day by seeing the closed daily candle and seeing the cross of 5 ema and 8 ema(open) and seeing if 13 rsi is crossed in same direction. once that is determined we look for trades only in that direction. we then go to 15 minute chart and see where price has gone the previous day. trading time begins at 00 gmt time so we are looking at the entire day before this 00 gmt time. lets say daily says down and price has come down and now its 00 gmt time we draw a fib and wait to price gets to the 50% area before we look for 123 pattern to downside. lets say the total move was 150 pips take 10% of that which is 15 pips so when price gets to within 15 pips of 50% level go down to 5 minute chart and look for 123 patter we are looking in this case where price is making higher highs and higher lows to the 50% level then look for 123 patter. i use a zigzag to give me a guide to see the wave pattern sometimes the zigzag doesnt tag everything so look inside of them and you might find a little 123 within the bigger 123 when entering make sure the 5 and 8 cross and the rsi crosses 50 and the 8 3 3 stochs cross also this is the filter for confirmation my money management is based on wins and losses this method is going at 80% this year but overall 65-70% so i trade 3% of my acct per trade heres an example lets say you have 5000 3% of that is 150 lets say you have a set up and stop is 25 pips simply divide into 150 this leaves us with 6 mini lots to trade this deal target is the same put on 4 winning trades a month thats 12% here is a list of charts i stop trading exactly at 1400 gmt or 10 am est i trade eurusd gbpusd jpyusd eurjpy gbpusd audjpy i have found that gbpusd and eurusd as well as eurjpy to be very consistent

Hi Harold,

Your trading system as become a model for me and no longer a strategy,its improvisation is just too stunning,am impressed with the addition of d fib .Good thing is, it adapts to any trading style - will be joining you in the trading room ,as from nextweek.

@ stich - Hey stichy,how was your week ? didnt trade throughout the week myself,had a short pip holiday

Cheers.

Thankyou Harold. Your recent post really breaks down your system in detail, and helped me understand better. How many trades would you say you take each month? Thanks. Also, when are you in the trading room?

about 10-15 trades a month

demmybanksfx, Hey demmy, how you doin? I had a very modest week, just could not get into the flow but did manage to pick up 51 pips. Not great, but better than a loss. I hope to see you in the trading room next week. harold usually has some really good chart reading along with questions & answers. Hope you're having a great weekend.

Hi, harold

where can I get hold of you in the trading room. i just signed up, it is
necessary to download the tr software. thanks... joe

Hi Harold,

I have been following your thread and have to thank you for a great system and your willingness to help others. I know there have been others that have helped along the way and would like to thank them as well.....

I would like to ask you if you have more wins than losses trading the new (current) system versus the original Mint system that you traded with for so many years? I really like some of the changse, but really like the original system and would like stay with it, that is if you don't have any objections/reasons why to use the new, versus the old, when both system are GREAT?

the win loss is running this via backtesting at 80% over the last 8 trades 7 wins 1 loss the reason i altered it was during a trade in janurary i think i entered and it turned against me but i for some reason had up a 15 min chart and saw why the indicators were crossed to other side and then all the teaching of market structure and buying low and selling high and the rest of the technical analysis we all have learned over the years but never really comprehended all began to click now if you are having go results and i mean more wins than losses then stick with what you are doing this method by which i now trade is very effective i have also done backtesting from last year and no it wasnt running at 80% but 65% which is more than sufficent to capitalize my money management with i usually come into trading room between 9 - 10 pm est hope to see you guys tonite around 8 ish pm

Thanks....I will do some demo testing on the updated version until I can get my head rapped around it....Kind of thick skulled....

You will do fine! And once you practice it, it becomes really easy to spot. And more importantly.. profitable!

Any questions feel free to ask, as harold or i can help you out.

I'm looking at the following pairs on the daily (16 May) for possible trades tomorrow..

Eur/Usd = Buy
Eur/Gbp = Buy
Eur/Chf = Buy
Eur/Jpy = Buy

Gbp/Usd = No Signal
Usd/Jpy = No Signal
Usd/Chf = No Signal



Does anyone else see and agree with this?

Innosan,

Thanks.....I'm sure I will have plenty of questions.....

took eurjpy got stopped out by 1 pip 7 wins 2 losses in last nine

Took same trade....stopped out as well....-20pips...

dont know where eveyone went noone in traderoom last night o well threads coming to end as expected here was a trade i put on last night

As I posted last week, I would be away for a few days. Have not lost interest in the system or trading room. Will be present this pm.

Harold,

Could you please show where the fib was placed on the 15 min chart for this trade.

Thanks

When Daily Says Its An Up Day And Previous Day Price Was Down We Dont Need A Fib Since We Want To Buy Low And Sell High In The Case Of The Eurusd Trade Price Was Already Down So At 00 Gmt Time We Look For 123's On 5 Min Chart