Central Banks & Big Players

Who here besides Tony112 has traded this method for the past couple of months?

There were many here who claimed to make loads of money in the past year but for some reason stopped posting.

The reason why I barely post at places like this is because people just want a fast and easy way to make money. Trading forex consistently is not an easy business. You have to have a lot of practice just like anything else in life you want to become good at. No method is 100% and there is no perfect entries. Accept the risk of the this business and take the HP entries that you would know are HP because you have been studying price action long enough to realize it. Keep strict rules for whatever method you use, and don't switch the setup. Stay with it and learn from your mistakes.

My advice to all you people asking about what do you do if there is no 8 pip bar, and does this method work and where are all the people who make money using this... blah blah blah.... is study PA on the 5sec or 10sec chart for weeks, even months... you will find better entries then just waiting for an 8pip bar and you will learn a lot more then any indicator can ever tell you.

no disrespect to Tony or anything, his method is good and works for him, but you all need to find what works for you. People see things differently.

Start on a demo and make money on a demo or trade micro lots on a real account for awhile until you become consistent, once you prove to yourself that you are consistent, which is the key thing here, then you can fund a big account and go to town. How do you expect to make good money if you can't grow a demo account or small live account trading micro's?

just an example of what i mean: If you study price action and know how price moves for a certain pair you will know which 8+ pip bar will be good because of how price is moving and the momentum of the market. You will also know when it will tend to pullback after the break to that level then proceed, because you will have seen this happen over and over again as price sets up this pattern or variants of it. This way you can keep your stop as tight as possible with a better entry.

Very interesting thread. I have been toyed with this idea before but on larger time frames. Catching the momentum of large orders entering the market makes a lot of sense. A timeframe as small as a 5s chart never occurred to me but this makes great sense too.

I am kind of confused as when most of you guys are trading though. How long after the London and NY open do you trade? I read Tony saying that even just half an hour after the open is all that is needed but others say different.

How long into these sessions do you trade?

How many trades do you take per session?

Thanks all.

So many people seemed to have jumped on board this thread recently. You can tell by the questions they ask that they really haven't bothered to read the entire thread or study any charts and are looking for a quick, easy way to make money.

Monroe pretty much nailed it on the head.....study the price action and you will learn to filter which 8 pip bars to take and find other highly profitable setups in the process.

There will be days where several 8-20 pips bars appear but only a few work out. Blindly taking a trade because it is 8 pips or greater is a fast way to lose money.

I don't remember anyone who has claimed to make loads of money using this method besides Tony himself.

stinger88,

How many hours per session do you usually trade this method? Just curious and if the above was directed at me then I have read the entire thread. It is a lot to take in, no doubt you will agree.


I think we are all here for the same thing.

Not directed at you or anyone in particular. Good job on reading the entire thread. For most, this thread is just another quick stop on an endless journey from system to system. Sorry but there's no magic pill here.

I try to go from 10pm-9am . Everyone needs to find what works for them. I don't trade this system strictly as I've developed some other setups that I use. The key is learning to read price action.

Price action is my bread and butter! I'm looking forward to demo testing this method beginning tonight (east coast). Sleep is overrated ANYWAYS.

Forex factory is a great thing, but also something that can hinder the trader. Why? because there are a million different trading methods (or systems if you like that word better) for people to "try out". When that system fails, they just say "this system sucks, lets try another" and they keep going on there journey from system to system like stinger88 said. That is the biggest mistake!

We know that no system is 100%. We also know that the forex market is full of surprises with tons of swings in either direction everyday. That is why I scalp from the 1second and 10second charts. You can catch these micro moves in the market with tight stops and high leverage after you have studied PA and know how a currency moves. Quick in and out, not risking much and not leaving your trade on for too long (tony's take profit of 120 pips is ok, since he knows what he is looking for on a high volatility pair and is just going for the big profits and doesn't care much after he sets his SL to 0). When the market changes is doesn't matter, you can still trade everyday, you don't need to wait for these big setups like you do on the higher time frames. You wait for high volatility and go to town. You must develope something that works for you and it will take time, this is not a quick get rich scheme.

last night on that first drop a little before frankfurt open, i scalped 70 ticks from GU with max leverage. with the spread it gives me around 50-55 ticks profit. I did not let the trade go on, I scalped the big move down, then took quick 5+ tick trades in both directions until it died. my style is different then just setting and forgetting, and tony is not technically "scalping", but he is using these lower timeframes for entries which is a great thing, I am working on something with this general theory for longer positions on GU and pyramiding in along the way. If you're using this system, you will still need to look at PA for a long time before you become consistent.

"I'm gonna try this system tonight" is not what you should be saying. "I'm gonna try this system and study price action for a few months" is how you should be thinking. If you try it tonight and you lose trades... it's not the system. It's because you don't know price action and your taking bad trades. It's the trader, not the system. You need to develope your 80% hitrate by constantly watching the market and seeing how price moves. You can look at price action for years and still not know shit about it. You need to be seeing price action the right way, that's why some people can pick it up in a few months, some need longer.

My suggestion to you... since we are on Tony's thread, use Tony's general rules on the first page for your "general method rules", and at the same time, you should be studying how price moves with EU or GU and it will become clear to you over time. Don't take every 8+ pip bar that shows up, you have to know what your looking for. Keep s/r in mind and you can look at a higher time frame for a general direction if your using this method.

For scalping I don't give a crap about anything over 10second charts because I scalp both directions, trend and counter trend of higher TF's. For Tony's method, I would suggest a 5m-30m chart for overall direction, major/minor S/R, and for your TP area's, etc. Watch PA from the 5 second as he uses.

another thing, watch the market at whatever session you can everyday... you will see the same things happen. PA is a bit different in the Tokyo session than in the NY session.... so, trade the same times for your session every time.

I wish you all well, just stick with it, you will get it. Just don't keep switching your system. Stick with one thing, and learn from trial and error. Don't worry about money right now, just worry about learning PA and getting consistent profits. Don't use bread and butter money and blow your accounts before you learn.

Dude "I am going to try this system tonight". I do not need to be babied. I am a fully competent individual and if I see something that makes sense to me then I am going to experiment. Sheesh, can't we talk about the merits of the method instead of who or who shouldn't be implementing it??

If you are making a blanket statement please put some kind of disclaimer in your post. If you do not then I can only assume you are replying to my post as it is the one directly above yours.


Also please do not assume you have more knowledge or ehh wisdom than anyone else. We are all here to learn.

Don't take it personally Bluehill, it's just something I see over and over here people are saying "this looks great, I'll try this". That's a bullshit thought process. Your going to experiment? lol. I am not here to fight with anyone and I don't even know you, I don't think I have more wisdom or knowledge than you, I was talking to the general newbie traders looking for a system. I can tell you that I'm a consistent scalper making money, are you? I don't use this system.

I don't want any babies, with your post it seems like you are a baby. The rest the of your words have nothing to do with anything I've said. I am trying to help people learn to trade, not to learn a system. Overall, I'm saying it's the trader, not the system. This system has everything you need in a "system", the rest is up to you.

Good luck.

I'll not be taking up anymore space on this thread because people like this just annoy me. I've said all I have to say and hope I've helped some people that come across my posts.

Tony112, again, good job man. Cool method.

Ok....


I agree with you. It IS up to the trader. I trade PA on higher timeframes usually going as low as H1. A method based on 5s charts is not something I thought was possible. HECK I didn't even know 5s charts existed until I stumbled on this thread LOL. High RR trades are where I feel naturally at home and I had been thinking of experimenting with momentum based trades. I as a trader have identified a new way of trading that fits my personality.

I apologize if I have run you off. I assumed that your post was directed at me and my interest in a new method. It kind of reads like that.

i've been watching live price action day and night since last july. first thing when i wake up, in class, when i get home, in bed at night. ive been focusing on supply/demand and price action

trading while the market is trending nicely has been wonderful with these things in mind


now we have been going sideways for weeks and the easy breezy trending stuff isn't as nice as it used to be

then our friend tony introduced (to me at least) the idea of letting the momentum of institutional orders slip us into a free trade

i'm going to incorporate his ideas into my method but since i'm at the beginning i'm going to start off with his rules and over time i will shape them to mine

all of a sudden there is negativity all over this happy thread and its no good! lets all just go on a journey together and keep it positive, we have so much to learn from each other!

It's all good dood, you didn't run me off but I don't want to get in the way of this system because I don't trade it, I just chose this thread because I like Tony's idea with this and it gave me a few ideas to incorperate into my trading so I figured I would share a few things as a trader with the people here. I am not a FF thread poster, as you can see I only have 17 posts. I posted a few things when I first got into forex back in October I believe, mostly questions because I was a newbie, but I have since found scalping and haven't posted here in months and I have been doing great, especially the past few months.

From my experience, super low time frames are where you should be in Forex. It was crazy to think this a few years ago. But watch a 5s chart for a few weeks and tell me it's not the place to be.... you will be amazed at what you find.

IMHO, higher timeframes are a waste of time and only good for S/R reference.

Trading dailies and weeklies is actually great and easy, but you need high equity to make any real money.

first ones on me

I'm partial to the one on the far left...

http://media.independentmail.com/med...mator_t300.jpg

MMM lets get optimized!!!

I'll take a Spaten... a fine beer!

looks like we have something in common there Bluehills... you have good taste in beer.

Yes, this one's good for TWO shovels. Oo those really smack me around!

+1 to Monroe, the fruitage of this thread to me that it opened my mind to lots of new perspectives in trading

If I could, I would vouch for Monroe. He's got more wisdom and knowledge than most of the traders with a 10yr+ rating.