3X power trade

first trade today... Counter trend off the fib, and s1.

I also recorded this one, so I will post the video as soon as I get it uploaded.

trade #2 Not much going on today... Almost took a loss on this, but the spike was not as far as it looks.

first trade today. I got in on a later entry on this one, because it was not at a strong support level. I also recorded this on, so you will be able to see it when I get it uploaded.

I only got 4 something pips, I saw 6.2 when I went to click, but it spiked just as I clicked so I didn't get my 6 on it.

trade #2 Another 4 pip trade... but this one was not as solid of a trade, and could take off on us.

Sorry, I have been sick the last couple days and have not put on any trades... I will be back next week.

Ok, I took my first trade in a few days.... I also recorded this one...

I got scared out of this one early. I could have easily had my 6 pips.

I finally took one with the trend. I guess I could have held for more, but it was a very good trade.

trade one...

Hi David,

How are you doing with this strategy, do you find it profitable or average. I also use the 50 and 10 MAs. I like the way u keep a very tight SL.

Yes, I have found it very profitable.

I have a hit rate of over 85%, and a RR of over 1. The 50ma on the 5 min is very good, Just add a very short term chart for precise entry.

Here is another trade I recorded today.

I guess you could use the 15min like you are using the 5min, and for precise entry use the 5min.

I use a 5 and a 15 for the trend, and when to look, then I use a 0.8 pip range for an entry (using a fractional feed). With this I have a 3-4 pip stop loss. Without the small time frame I could not get that.

trade #1

David where did you get the ninja trader from, is it free like Metatrader. Plus how many trades do u roughly do in a day.

http://www.ninjatrader.com/webnew/do...g_software.htm

Yes, its free.

I usually take 2 to 5 trades/day.

This is trade #2 for met today.

Trade #3... I saw some momentum...

trade #4 And I think I am done for today.