Exceptional day, will it continue ?

Is that all!!

I think the nay sayers can't understand the concept of you making all those pips and then wanting to spend time after a days pip farming to teach others. If they ever experience the boredom of trading then they might understand but personally I'd rather be doing something completely different -but good for you looking forward to seeing your finished product.

Hope you have not been holding your breath while waiting for the website to go up, if so please start breathing…

I uploaded the site last night but as usual things did not go as planned. The site was developed on a local server and it seems like the settings are not the same i.e. php versions etc.. We are in the process of resolving this and hope to have it running as soon as possible.

I do not want to promise that it will be later today, done that to many times already, but I can assure you that the site will be up and running by Monday latest.

Hope those of you in the know have been taking good pips with the strategy. Yesterday was a killer…for the pips that was…managed just over 300 again yesterday and for today so far up just over 240.

I’ve been using this strategy for almost three years now and still stand amazed at how simple it can be. Just be focused and the rest will take care of itself.

Nice weekend to all, see you at the new site on Monday.

That news this afternoon was a very good run. Did you guys get the walls, there was nice ones on each pair before that news.

Closed out for the week…up 625 for today.

Exceptional days will continue....

I just received a mail from one of the guys who were in the original forum with us. In the mail he asked me who I thought were best, a Robot (i.e. Expert Advisor) or a Human?

That is an easy one for me to answer and I think for him now as well. Attached is the image from his Metatrader statement on his live account (confirmed).

Guess which part was the robot, and this he purchased for a nice US$1,999 in June. See the major difference when he took over. And guess what strategy he used?

Yip…plain simple hammers & walls. Nothing like a motivated person with a ruler, a couple of walls and the odd hammer or two.

As I said, once the lights go on there is no stopping.

Cheers

PS: Nice balance, helps to be well capitalised.

EDIT: Forgot to mention. Look at the number of trades. This statement was for August only. The EA did almost 360 trades and lost at a constant rate. With less than 20 trades in around 10 days he took his balance from 78K to over 184K. Nothing wrong with the MM either, bit on the high side for me but still within acceptable limits. Well done.

Guys,

I’ve received 2 PM’s regarding the image I posted from people wanting statements and proof. Why is it that when we see something like this that we just cannot believe it. Every time I tell somebody I take anything from 100 to 400 and even more pips on a good day they always end up saying IMPOSSIBLE, cannot be done etc….

Is it human nature that we just cannot accept something like this? Why is this, because there are so many in this industry that do not make it?

Just to get back to that image. This guy made 106K in 12 days (184K – 78K). IMPOSSIBLE. Not really. Do the math with me.

Let’s just assume ‘straight’ figures here i.e. no scaling of position sizes etc. These trades were taken with an average of 5 standard lots (min was 1 and max was 10).

So 106,000 divided by 12 days = average of 8,800 per day (rounded). Divide that by $50 per pip (the 5 standard lots) = 176 pips. Six pairs were traded (not always but on most days) so 176 pips divided by 6 pairs = 29 pips.

So yes when we hear somebody made 106K in 12 days we want to say impossible. But if we hear that a person took an average of 29 pips per pair on 6 pairs a day for 12 days then it sounds a bit easier on the ear. I think it might be the large amounts involved that make people tend not to believe something like this.

If you know some big traders ask them, they will most probably tell you this is small change. The most I have ever seen a trader take home in one day was just over 100K and that was in a matter of 6 hours. Scary stuff, I think I will stick to my 3 to 5 lots.


Just wanted to post this quickly. I believe that it is vital that a trader must have an open mind to make it in this business. If you do not believe the figures then look past it BUT at least go to the trouble to see whether you might learn something from the person. Do not just shoot it down right from the start. What if it is true? Then you have just missed out on maybe the biggest opportunity in your life to learn something valuable.

So 106K in 12 days is not that impossible. As I said, the money management on these trades is a bit to high for me but it was not outranges. I did not calculate the precise percentage but it looks like the highest was around 13% of the balance at risk. One however needs to go and look at all the trades as well as the times entered to see how much of the balance was at risk at each stage. It might even be a bit higher.

This is high but remember that most trades were entered after the others were locked in profit. So do not think of it as 10 lots in the market at once, it is more a matter of 3 in….locked in profit….another 3 in…locked in profit…another 3 in…etc…That is why I say one need to do a detailed analysis of the statement.

Cheers and enjoy what is left of the weekend. I’m still grafting on this side to sort out sever side errors, another hour and this computer might go out the window.

PS: I have mailed the guy and asked whether I may share the statement with of course all personal details blocked out. Will post it if I get the OK.

Welcome to the Internet and especially FF. Most people are too lazy which goes for a large number of people on this forum. They can't do it themselves so it is impossible for someone else to be successful. Instead they just hang out in the Interactive trading section waiting for the next guru to come along and post their trading calls. At least if the "guru" is wrong they can blame someone else for their failure.

I have seen and personally experienced some spectacular results. The results you have posted are not out of the ordinary or the achievable.

Even if you post the account statements, someone will come along and say they were photoshopped.

I think skepticism is very healthy especially in the world of forex and especially when people 'celebrate' the amount of pips they are earning publicly. You have to question the motive and intentions of someone who goes on to forums and offers anything when they are making good success with something. Skepticism is to be expected and should be welcomed.

However, when someone is offering a method that is stripped to the bear bones of price action without the clutter and the illusion of indicators, then where is the trick? If the nay sayers cannot understand the fundamental dynamics of the market through price action alone then they are still not developed as traders to succeed which ever method they wish to use. I welcome the undisciplined, emotional lazy traders that enter this market. It just means I can transfer their account into mine very easily.

I'm turning over a new leaf. Yep. New. Shiny and green.

I am not sure why Mike has been bashed here. I mean, really. Why?? All he is doing is stating what are the facts to him - oodles of pips daily. And he informs the critics that his method is simple. Even Simplistic.

Simple flies. It works.

Mike - how about posting up the method you work with so that you can finally shut up all the boobs and nattering na-bobs of negativity?

Hey, wait a minute....

Mike wetin dey happen? do quick make we close the mouth of this people now.

Check this link up and see what is on

http://www.forexfactory.com/showthre...164230&page=70

see post #1036 and #1038

This thing started since 9th of July today is the 24th of August. A system you have been doing for sometimes and which is a simple system should not take long for you to lay out in 2 to 3 posts for people to see

The way you brandish pips to people and how long it is taking to show them how you get so much, make them begin to think there is more than what you are saying

To some of us who know and use it already we know what it is and how it works

Pls come out with it and lets shut them up once and for all. I have enough examples to show them for 2 weeks 100 simple pips per day on 4 pairs

kos

Guys,

rise above this sort of trivial banality. Having read some of both the offending posters posts on a variety of trading matters and mentioning no names, I can conclude that one of the offenders was only lucky enough to have vouchers because he seemed to be making the right 'noises' at the right time to some other seniors with a fairly popular thread, and the other has now become so drunk with vouches that his self importance now impedes his judgement, and this is a person whom I formally respected here on FF.

Mike, don't go on the defensive and don't rush back here with a hurried answer to appease the nay sayers. Take your time with the site. Those of us who trade similar know the results and the results will continue to speak for themselves.

GU +45pips

I saw the wall and placed a pending order below it. and this is the result.

May be as you see the trades you'll get the idea

kos

Well hey! That's a chart. You can learn something from these.

What are the funky green and red lines?

But in case you don't already and on the off chance that you aren't being facetious, they are fib pivots calculated from the daily open time. However, I will now point out that the H&W strategy does not rely on pivots. They are just a visual aid when one is feeling lazy.

I think Kos is using the indi I wrote for H&W. It is attached here for peoples' convenience. It is in 2 parts as there are issues with buffer sizes over 8. It has manual time shift for broker adjustment. Try adjusting for midnight UK time or midnight EST. I don't have a particular preference, I think depending on time of day and pair will determine which offset you use. Please do not request that I make changes to it as I have better things to do with my time. I have attached the source in case you want to mess around and improve it.

This is not the indicator that Mike is working on... I repeat again... this is not the indi that Mike is working on! From what I understand, that is some time coming as he is still working to get his site off the ground.

Thanks Limstylz for the explanation

Here goes another funky line for +58 pips GJ check it out

clear entry, clear SL and exit @ fib level I like

GU +45
GJ +58

Total = 103

+3 pips above the daily target, done for the day

kos

Nice pipping Kos. I don't see this in quite the same way you do as the hammers weren't too clear, however the entries were spot on from your chart.

quite aggressive, or not, kos?

i would not have taken these trades with my h&w "knowledge", because i would have waited for a hammer (see attachement for one trade I took with a "secure" plus of 40 pips on the 1h chart)

Hi all

I took a glance at my charts and I saw this and it was sitting irresistibly but I tried to sit on my hands but the temptation was too much and I rushed it.

The result is another GJ +55 pips bringing my total for the day to +158 pips only 3 trades on 2 pairs what of if I am watching 6 pairs

N.B. Yes my second trade entry was a bit aggressive because I saw price rejection from up 3 times.

kos

Charts are good. I like charts.

But something is missing. I one case you trade away from a wall and in another case, thru it.

Are there a few simple rules? A few more charts would be good too.

i would suggest to wait for mike and the site...

kos seems to me very aggressive, he sees the wall and directly trades the breakthru... actually i see a lot of loosers in the past with this method

i am more conservative (waiting for a clear "hammer" to be visible)
-> much less entries (maybe 3-4 per pair) but a lot more winners



again: i`d wait for mike

Wow what a thread .... truly enthralling ... im very impressed.

I have just spent the last couple of hours reading this thread and about to hit the sack as trading oil open from 7am tmw (GMT).

I have been trading Price Action, using S&R, Pivot Points and Round Numbers on a part time basis for the last 6 months and making some pips along the way but am looking for more consistency.

As I have have more time on my hands right now i have been looking at other systems to complement or add value to the one I already use.

I am currently reading or have read James16, Jacko, No Brainer, Clockwork71, Strat all execellent threads and now I have a few more suggested in this thread.

I wish I had a nice fast duplex printer and shares in headache pills because it has been a tough few weeks but im am finding it very interesting.

I realise price will typically back off when approaching round numbers, S&R, pivot points and retrace before making its move. The difficult is recognisiing that the index had held/failed/found support/resisitance/retraced/reversed or is ranging/going sideways.

I normally show only the most relevant pivot points and obvious s&r on my charts so any utility that can assist me determine entry and improve my understand has got to be a good thing.

I understand why there are doubters out there and they have a right to hold back but I dont undetstand the personal of these attacks but some of this stuff is just unpleasant and uncalled for.

I have only started to use FF in anger in the last few weeks and I wish I could go back a few years ago when I first visited and told that (younger man) to take it much more seriously as I would have saved a lot of time and energy.

Mike, coming from a similar background, I understand that releasing a website and writing code like you are offers some major challenges. What I would say is take your time until you are happy before releasing it as the genuine people will wait for the finished article.

Look forward to the next thrilling installment.

Regards

ST

" Dont wait for your board to come in ..... go out and meet it"