Profit All Day System

Hi guys, i've read most of this thread, the system is really interesting. Thanks for sharing cubby.
How many trades are you able to do in a day following 2 or 3 pairs?Obviously, i would like to know the average...
THX

I get the system and have added my own knowledge to it like price reversal patterns. One thing id like to ask though. If a trade is triggered and it goes the opposite way before 70% tp is hit do you exit the trade if the (5min) 2 MAs cross the 13 MA OR let it run to tp or sl. I know if the 70% target is hit you use the MAs crossing to exit the 30%. I hope you understand my question. I just want to be completely clear of your rules.
Thank you
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OK UK time 18:13 in London, I'm off to the pub for a couple of beers, or so...hope to catch up with you all later, thanks everyone

have fun,

if you have a specific question you can always pm me or something.

If you attach an immage I will have no problem answering the question. Be it about Elliot wave or fibs or anything else...

average...

2-5 5 minute signals per day per pair

1-3 15 min signals a day per pair.

0-2 1 hour signals per day per pair

I trade only the GU and EU But you can trade any pair you like. I like to keep things simple and also like how these 2 pairs fallow price accurately.

I know you are asking Cubby, but two answers is always better than one:

I just backtested week 24 Jan(monday) -28 January (friday)

It gave 19 wonderful entries from London open until London close.
That would be 4 valid entries a day, but this is not very realistic, because sometimes one has to be away from pc...

Count with 2-3 valid signals. Today until now on EURUSD we had two wonderful entries. The second one would let your 30% of profits run pretty far. Or there would be many possible reentries if you did not have the 30% run but closed at 100%.

We had 5 perfect entries today and you could have taken any of them.

oh, I see he replied too *g*

ReaM,

Thanks for helping members with questions on my thread. Very helpful.

You sound like you understand the markets very well. You figured out the system fast.

haha. yeah...

Thanks for your imput none the less.

ReaM, you having success with this system so far?

Yes, i took the first downtrend entry today.

I myself use Renko, but what attracted me in your system is money management!!! I posted a reply a week ago in renko thread about money management that 1:1 R:R is better than trying to grab 100 pips by risking 10 pips only.

Your 2:1 is great and counting that 30% of profits run further you get closer to 1:1.

And I am actually amazed, how the price always reaches at least half of the length from the entry point to the stop loss. I think it is also in the wave theory, that if the price is breaking through the previous half or law, it would usually travel at least the same length as from the high to low. Since we enter not on the low or high, but away from it, taking half the profit is the right thing to do: Look at the picture I am going to attach one in couple of minutes.

I will use your system next week and tell how it went.

Picture: One can think to enter at that swing high, however, this theory is only valid AFTER the wave has been established. So entering at high is a suicide! But the theory gives you confidence that after that low was broken, you will get at least another 22 pips:

Anyone take????

just took this trade.

SL 43+3 pips spread.

TP 20 pips


This trade also could be a 1 hour trade as well

SL 209+3 pips spread.

TP 100 pips

Remember, these are LIVE trades not demo.

yes me took the trade too.


Right now I am dreaming about shorting EURUSD at 1.5500 on 1000 leverage and watching it ride all the way to 1.2000

Please see my annotations on the pic ive added. Please tell me what you think or did?
Cheers
Auto

I'm a bit confused with your charts but it looks like the first sell is good. I'm not so sure about the second and why you entered there...

Hi cuby thank you for sharing your system i just started using it can you tell me if this trade is correct and if it looks good for 1h also because for me it does thanks again.

http://i52.tinypic.com/9ftc1l.gif

http://i52.tinypic.com/21kjt02.gif

http://i51.tinypic.com/dy6hs6.gif

words of advise to all those that trade this system...

make goals for your self.
20 pips or more a day is one of mine.
Do not take more then 2 trades a day per pair.
No more then 3% risk per trade. You can use a maximum of 5% but chose a level and always stick to it and never change it. NEVER!

These goals will keep you in line and make you successful.


What these kinds of goals can give you as a trader.

You can turn a standard $1000 account into $350,000 in 12 months if you can manage just 20 pips a day using 5% risk with this system.

You may ask how this is possible with losses and so forth.
Yeah, everybody has bad days trading and cant always make 20 pips but 20 pips a day 5 days a week is 100 pips right? Look at it like this...

example.

day 1. 30 pips
day2. 20 pips
day 3. -40
day4. 70 pips
day5. 20
total=100 pips

or.

day1. 20 pips
day2. 100
day3. 50
day4 -30
day5. -20
=total 120 pips

This is really all it takes to become a full time trader. This system can really do it. I've been using it for a year and not to brag...I've done very well for myself.

All I want is for you guys to stop losing your money and trade with this system. Study it, trade it and don't give up.

I'm a musician and have been sense 3 years old and now it's my career and I love it! Ever sense I started music as a career I was always constantly worried that I was never going to make money or I was going to lose my job all the sudden and have no income. Now sense trading with this system I can finally say that I have a good job if anything ever happens with my music. Trading could never replace my first passion but it's a great side venture and back up on the money side just in case.

It's not hard to make a lot of money in the forex it's just hard to hold onto it because of the greed and emotions that are invalved.

I want all of you to be successful in this and I feel that being honest with you is a good way for you guys to believe that you can actually make an income doing this and a big one at that if you practice and take the right steps.

I'm writing this because I won't be arround here for ever on FF and I've done what I set out to and that's to help others be successful in the forex.

Good luck to you all and I wish you success!

The reason why I am showing you the trades because the 2nd one is the "bottom swing" and alot of traders would rather take the low swing as discussed on this thread. Do you understand?
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[quote=rare;4370157]Hi cuby thank you for sharing your system i just started using it can you tell me if this trade is correct and if it looks good for 1h also because for me it does thanks again.

It was a good 1 hour signal on the break. TP is 15 pips on this trade. It's already gone 10 pips. See if it hits profit at 15

I appreciate you sharing and giving us newbies direction