The EurUsd, and the USDJPY, touch 89 EMA, what next? what do you think?
The Eurusd breack a nice channel, but the usdjpy are on the top of one.
thank
MM
The Eurusd breack a nice channel, but the usdjpy are on the top of one.
thank
MM
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DislikedThe EurUsd, and the USDJPY, touch 89 EMA, what next? what do you think?
The Eurusd breack a nice channel, but the usdjpy are on the top of one.
thank
MMIgnored
DislikedPhillip,
I want to back you up on this. I have traded both your 5 minute and 4 hour systems during October. I have used the 1 hour timeframe for signals when the market has been particularly volatile and it has worked.
I have had a 66% success rate with the 5 minute system and a 75% success rate with the 4 hour. My account is up by 27% in value during this month alone. This during a period when my stocks have been diving (what is your secret with stocks?).
So, thank you for your teachings and two very good systems.Ignored
DislikedPhillip,
Again, thanks for your effort. I primarily use your 5 min. system and it has been working quite well. I do have a question regarding the signal candle on this latest trade...pull back to the 21 and then the move to the 89. Was your signal candle the doji, spinner, or the one following the spinner. As for the last individual who said this system doesn't work, I would not concern yourself with the nay-sayers. They are always going to be there and I believe the majority of them can not be changed. You have succeed in changing a lot of peoples lives and that you should be proud of. Thank again
RaymondIgnored
Dislikedok bit of a newy here.... ive been going thhrough all the mp3's and pdfs on the first page that are reccomended....
do you people reccommend i go through the WHOLE THREAD or just now go through every page and look at Phil's posts?Ignored
Dislikedok bit of a newy here.... ive been going thhrough all the mp3's and pdfs on the first page that are reccomended....
do you people reccommend i go through the WHOLE THREAD or just now go through every page and look at Phil's posts?Ignored
DislikedPhillip,
Again, thanks for your effort. I primarily use your 5 min. system and it has been working quite well. I do have a question regarding the signal candle on this latest trade...pull back to the 21 and then the move to the 89. Was your signal candle the doji, spinner, or the one following the spinner. As for the last individual who said this system doesn't work, I would not concern yourself with the nay-sayers. They are always going to be there and I believe the majority of them can not be changed. You have succeed in changing a lot of peoples lives and that you should be proud of. Thank again
RaymondIgnored
DislikedI know this system is designed for EURUSD and GBPUSD, but what other pairs do people trade? and in general, how many pairs do people follow?
Thx, JTDIgnored
DislikedIs that because the EURUSD and GBPUSD are correlated or you just like the Yen?
If there are no setups on these pairs then you just don't trade?
I have 12 pairs that I monitor and trade the ones that are trending, it really is too much- sometimes I cut it down because it's easier, but then I miss big moves in the ones I ignore.Ignored
DislikedI asked myself the same question when I first came upon the thread and quickly came to the solution that it was not practical to read the whole thread.
However, all of the important stuff is linked to from page 1 and on Palmer's website. That's the place to start. And, I would advise that you follow Phillip's recommendation to back test and forward test for at least 30 trades (or more) until you are comfortable with what you are doing.
Welcome and successful trading.Ignored
Dislikedyeh im gonna aim to do 50 trades as a forward test and atleast double $10,000 as a minimum...
is the 4hr (and 1hr) sytem meant to be used with the 5min system or is the 5 min system jsut meant to be used as a secondary system to get a few pips if you have time at your computer, with the 4hr as the main system?Ignored
DislikedThe 5 minute system can be followed stand-alone (which is what I do) or can be used in conjunction with the 4 hour system. Phillip gave an example of how he combines the two recently (if you go back a few pages you should be able to find it).
Be interested to see if you double your account in 50 trades - don't forget prudent money management!Ignored
DislikedAgreed. Even during this time of volatility, my accounts are still in the green as well. I made 123 pips this morning alone on EU with the 5 min system.
It's not the system that is faulty, it's the user's understanding of the current markets thats the problem.Ignored
DislikedHi,
Could you please forward me the link to Philip's 5 min system? I would really appreciate it.
Thanks,
KrishnanIgnored
DislikedHi
Both the doji and the spinner was the confirmation for me. The doji with the tail down to the 21ema was the biggest confirmation. I entered a bit late after the spinner because I only came to the computor then.
+370pips. Dont have to trade November.Ignored