I have just found this tread.. I have been reading damn near every thing and the only thing that i can not understand is when you get a bull or bear signal what kind of candle should you have? If you are getting a bull signal should it be a bull candle or does it not mater?If some one could direct me to something that would be great. I realy want to trade this system..
i attached picture where you can see the entries. If we have bearish trend we wait for the price to intrude the low ema. After seeing this we look for bullish candle! Now, The top of this candle is entry point, The low point of the candle is our SL. I like to place 1 pip below the low.
You can see in the last entry where i made lines for entry and SL - it would not have worked out. But it's part of the system. If all entries would be 100% successful i would put my whole account on it and in couple of months be millionaire and in half a year - billionaire
Hope this helps!
Mate, it seems that we do not meet in skype. So i'll try to come here and start discussing potential/taken trades. So far, i need some second mind about these things hence to be more confident.
that is a good idea to discuss potential trades here...I have been trading this method since its inception and I can tell you i have been close to 75% correct on the 4hr and about 63% on the 1hr.
This is a fantastic method because of its use of price action, which imho is the key to its success. I am now spending my time becoming proficient trading divergence...this is another important key to becoming a successful trader...getting in close to the tops and the bottoms.
Wow...I finally got a chance to look at the market and there were quite a few trades that would have triggered today on the 1hr. I do have the ability to scan the market sporadically throughout the day and I would like to see more people involved on this thread.
This method of trading has everything you need to be profitable in forex...as long as you can be consistant and stick to the rules without emotion.
i just looked at the market today morning around 5 AM in GMT 0.
and i found 5-8 good setups for the BTS system. Did anyone of you catch them as well? EURUSD? GBPUSD? EURJPN? GBPJPN? and so on ?
what a fine monday morning
What's worth to discuss, why the market had such moves on weekend? almost all pairs i monitor had these huge changes and i see some breakout possibilities, maybe even trend changing. Any ideas? critics?
Actually i have no arguments why market made such moves while evryone partied on weekend if anyone has any assumptions - would be nice to hear!
It's gotten a bit too quiet in here for my liking,
I'm going to keep making some noise..RAH
I went short on G/J, A/U and N/U all successful trades. 09.08 8:00 IBFX time
I'm currently Long on G/J, G/U, E/U as of this morning - and thinking about shorting U/C as well... wait and see. 0.9.08 20:00 IBFX time
How's everyone's success been going so far?? - I have been having good success except when I played around last friday with NFP *stupid me* still ended up profitable for the week though.
I have been trying to understand how the divergences work, but I can't seem to pick up on that very well - I've just been trading the break of every MA up and down and up and down (this is with 4 Hour chart).. I don't look at smaller time frames as that seems to discourage me and I think that I have missed a move when I go down to 1Hour chart.
Alright, well ... all the best to you all.
I wish all of us well in our trading journey's and hope we grow rich, thanks to effi aye..