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  • #1,061
  • Jun 17, 2011 6:26am Jun 17, 2011 6:26am
Hello kevin!
I am newbi, and i just want to know how do you know when to enter a buy position and when to a sell (i read the rules but didn't understand) also how much for stop-loss please?
thanks in advance
  • #1,062
  • Jun 17, 2011 6:31am Jun 17, 2011 6:31am
Everyday smitty you and this doubt in your mind.I take these trades as they

come and have grandkids or someone calling to ask me a question or

answering some question.Yesterday you wanted me to do this as I was plainly

doing something else.I have been around and notice the anger in your voice

as you ask me a question in the form of a angry statement.I will indulge you

for the last time.

You start out this conversation with what I said yesterday.I am trying to wrap

up this week on a positive note and you want to start a constructive well

worded argument.

We are dealing with todays topics regarding trading and if you do not want

to do that you are out.

You see how aries is having a simple conversation with me voicing his

concerns and recommendations? And do you see how you are asking

me something in that certain tone?

Well thats why what happened to you happened to you.
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  • #1,063
  • Jun 17, 2011 6:36am Jun 17, 2011 6:36am
Yeah I am on it fastforex, I am on it Jw.I spoted it a while back but was answering questions.
  • #1,064
  • Jun 17, 2011 6:45am Jun 17, 2011 6:45am
small retracement in between but going down again...
  • #1,065
  • Jun 17, 2011 6:50am Jun 17, 2011 6:50am
Quoting Tal1983
Hello kevin!
I am newbi, and i just want to know how do you know when to enter a buy position and when to a sell (i read the rules but didn't understand) also how much for stop-loss please?
thanks in advance
No problem new trader........you are the reason we are here and not for our

self glorification but so you can learn to survive.

240= 4hr stoch we look at that for overall trend direction.

Within the TMA band price will be trending in that direction.

For example purposes.We will say the 240 stoch is down,short,or selling.

Price within the TMA band is going down obviiously.

Price will pullback to the top of TMA when price is going down.

Then energy release in the direction of the trend.

The is called a MOM trade or MOMentum trade.

You must manage your own money as I do not know your broker,stop out level,margin requirements,leverage,or account balance.

I use a excel calculator to calculate these things so you must manage your own account.I am here to put you on more trade setups.
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  • #1,066
  • Jun 17, 2011 6:52am Jun 17, 2011 6:52am
I feel the USDCHF is a good short setup.
Nobody ever went broke taking profits.
  • #1,067
  • Jun 17, 2011 6:54am Jun 17, 2011 6:54am
Quoting kevinator
Usdchf same thing.

I fell asleep and am in the trade over 7hrs now.

The 4hr Mtf stoch remained down and so the trade did not go against me enough that I would have exited.

There were multiple entry points and I am up 50 more pips.

did you trade real money? i see no SL and you fall asleep?
  • #1,068
  • Jun 17, 2011 6:55am Jun 17, 2011 6:55am
I love this trading system. This is what I have been looking for - 5m charts, simple system, enough trades to keep you busy and it has been working for me.

Thanks for sharing this system.
  • #1,069
  • Jun 17, 2011 6:56am Jun 17, 2011 6:56am
Quoting FastForex
small retracement in between but going down again...
Yes its going slowly but sureley.

I hope you got in on the other trades this morning and if you did you should be up 100 or 200 by now on multiple pairs.

We have to do some closed group trading for some real money.I have been doing alot of typing and not enough trading this week although I still manage to pull up to 200 pips a day.

There is usually alot more out there everyday.With those that advance this part and really get it you may get a invite to private trading and we will get structured and start to monitor and stalk all pairs on shifts.
  • #1,070
  • Jun 17, 2011 6:58am Jun 17, 2011 6:58am
Quoting hiiqtrading
did you trade real money? i see no SL and you fall asleep?
I see that you are no longer here anymore and did not understand what took me twenty minutes to explain now your asleep.
  • #1,071
  • Jun 17, 2011 7:03am Jun 17, 2011 7:03am
Quoting kevinator
Yes its going slowly but sureley.


We have to do some closed group trading for some real money.I have been doing alot of typing and not enough trading this week although I still manage to pull up to 200 pips a day.

There is usually alot more out there everyday.With those that advance this part and really get it you may get a invite to private trading and we will get structured and start to monitor and stalk all pairs on shifts.
Boom there it is, the plan has srpung into action. The marketer strikes again.

This has been the whole plan from the start, suck you up, then cash in on his $$$$ per month private trading group.

CAAAAHINGG!!
  • #1,072
  • Jun 17, 2011 7:04am Jun 17, 2011 7:04am
Quoting vjuvvadi
I love this trading system. This is what I have been looking for - 5m charts, simple system, enough trades to keep you busy and it has been working for me.

Thanks for sharing this system.
I am glad you like it my friend.

It will take a few days to get used to trading the system as the most important lesson you will learn is patience.You will be able to sit and stalk a currency pair and wait for the proper setup.

It will be time consuming but well worth it.Think about this and imagine......there is a large trend going down on the 4 hr chart.

What we are doing is taking the surge of that trend all the way until it ends.We are entering when it pulls back.
  • #1,073
  • Jun 17, 2011 7:05am Jun 17, 2011 7:05am
Thanks for the template Kevin
I just miss that middle indi at the bottom on your template.
Could You provide me with that pls ?
Thanks again
And btw, those purple indi bars seem to show with a delay...
at least on my chart..they appear when i close and open mt4 station...
any solution to that?
regards
Mind is the King
  • #1,074
  • Jun 17, 2011 7:07am Jun 17, 2011 7:07am
Hi kev,
I am working full time in England but your system really has got me thinking that I might be able to do this full time, sometime in the future. First trade this morning a winner ( then off to work :-(.

Great job mate, looking forward to more of the same.

All the best,
Dave
  • #1,075
  • Jun 17, 2011 7:07am Jun 17, 2011 7:07am
Quoting kevinator
Yes its going slowly but sureley.

I hope you got in on the other trades this morning and if you did you should be up 100 or 200 by now on multiple pairs.

We have to do some closed group trading for some real money.I have been doing alot of typing and not enough trading this week although I still manage to pull up to 200 pips a day.

There is usually alot more out there everyday.With those that advance this part and really get it you may get a invite to private trading and we will get structured and start to monitor and stalk all pairs on shifts....
Rather than excludes newbies from the closed group you could set it up so they cant post , but they can observe ie Read only
That way they can learn how trades are found and executed, but trivial questions and comments are not cluttering up the group thread
Also this thread will die , which I feel will be a shame considering you are mentoring it so well

You can use the buddy system which allows posting by buddies only but still lets others observe

Ta
Peter
  • #1,076
  • Jun 17, 2011 7:17am Jun 17, 2011 7:17am
Everyone here is invited of course.I will keep the thread going but there must be a collective group of individuals that are all on the same page.Working for the same common goal.

I like fast forex's attitude.He said just exit out and wait for the next setup.

That next good trade is right around the corner.

That is how I think and is very positive.

He is starting to understand that the money is there and we are going to get.

Its just a matter of time.
  • #1,077
  • Jun 17, 2011 7:17am Jun 17, 2011 7:17am
the most important lesson you will learn is patience.You will be able to sit and stalk a currency pair and wait for the proper setup.

Hi Kevin and first of all thank you for sharing this system.

I have read from other threads the importance of patience when it comes to the waiting for signals, and I have read you mention this in this thread before, however it was not until now that I understand exactly what you mean by the above quote and in relation to the MOM trade.

So all I have to do now is practice stalking pairs and waiting for the right one.

Cheers and thanks
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #1,078
  • Jun 17, 2011 7:18am Jun 17, 2011 7:18am
Quoting kevinator
Yes its going slowly but sureley.

I hope you got in on the other trades this morning and if you did you should be up 100 or 200 by now on multiple pairs.

We have to do some closed group trading for some real money.I have been doing alot of typing and not enough trading this week although I still manage to pull up to 200 pips a day.

There is usually alot more out there everyday.With those that advance this part and really get it you may get a invite to private trading and we will get structured and start to monitor and stalk all pairs on shifts....
What I like about the system is that it trades on 5 min chart so you can easy take some pips when you have some time. I don't have the time to sit behind my screen all day so I definitely miss trades. The time I can spend it's really nice working with this 5 min system.
  • #1,079
  • Jun 17, 2011 7:23am Jun 17, 2011 7:23am
Quoting kevinator
No problem new trader........you are the reason we are here and not for our

self glorification but so you can learn to survive.

240= 4hr stoch we look at that for overall trend direction.

Within the TMA band price will be trending in that direction.

For example purposes.We will say the 240 stoch is down,short,or selling.

Price within the TMA band is going down obviiously.

Price will pullback to the top of TMA when price is going down.

Then energy release in the direction of the trend.

The is called a MOM trade or MOMentum...
Thank you very very much!
  • #1,080
  • Jun 17, 2011 7:23am Jun 17, 2011 7:23am
I want your opinion on this trade i just took
Its base on 1HR stepping down
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