Hi guys...thanks for the comments...but before you all get to hyped up....it is not as easy as it looks.
Remember, this past week was exceptional in that we had a strong trend that just kept on going and going.
Regarding the system:
My target is 3,000 pips per year so I only look for a couple of nice trades, like this past week, a year. The system is not based on Inside Bars, though I do watch them and they are marked on my charts. The system I use is based on the highs and lows of the candles i.e. two candles making a high within a couple of pips from each other followed by price falling away....resistance area...and vice versa. All you need to do is sit back and have the patience to wait for the market and the discipline to call it when the trade does not work out (which happens often).
Nothing complicated, though quite a bit of discretion is involved i.e. there are some obvious trades a person will not take i.e. in very sideways markets etc...
If you go back in history you will see that this system is not as wonderful as it looks - you need to know when to apply it and IMPORTANTLY when to walk away.
:-)
Remember, this past week was exceptional in that we had a strong trend that just kept on going and going.
Regarding the system:
My target is 3,000 pips per year so I only look for a couple of nice trades, like this past week, a year. The system is not based on Inside Bars, though I do watch them and they are marked on my charts. The system I use is based on the highs and lows of the candles i.e. two candles making a high within a couple of pips from each other followed by price falling away....resistance area...and vice versa. All you need to do is sit back and have the patience to wait for the market and the discipline to call it when the trade does not work out (which happens often).
Nothing complicated, though quite a bit of discretion is involved i.e. there are some obvious trades a person will not take i.e. in very sideways markets etc...
If you go back in history you will see that this system is not as wonderful as it looks - you need to know when to apply it and IMPORTANTLY when to walk away.
:-)
