Price is everything

Does anybody knows after doing the webinar live , how much time after that the recording is uploaded at FX STREET ???

Is this thread dead? Does this system no longer work?

The thread originator and many of the main posters don't post here anymore/often - so the thread is hibernating.

But the method ( it's not a system ) is still as valid as ever - there is gold in this thread

you might also want to check out www.acegazette.com - many of the people that posted here and on related threads on FF are also quite active there.

Seb

Damn boy , its no system ... Its a method which can never stop working ... Its like saying " I have stopped breathing since I was a child but I am sill alive " ... They have just moved to a new place ... That's all ....

Awesome. Would you guys say that this technique works equally well with stocks?

It's always about people who is buying or selling. Stock, options, currencys, is the same stuff. I have 0 exp. in the stock maket and i am quite sure that there are peculiarity that you have to know [low liquid stock, gaps, relationship between major stock, correlation, etc etc] but the rudiment are the same.

Xhale - I agree with Whiteout. The principles should be the same.

Best way to find out is to bring up a chart of your favourite stock and see for yourself.

the answers are in the charts

This system was valid only until 31-March-2012. Hence doesn't work anymore.

LOL, just kidding. Check acegazette.com and you'll find the party happening there

Cheers

where is redsworld11?

the same question.

Yep but I'd suggesting sticking to daily zones and H4 PA, but don't take my word for it try it out

Red lives in the candlesticks now

Edit: The down bars

Don't worry guys red is still craking markets, and his crew is fully committed to spread his word.

Here in the attachment the last work of kenny, one of the biggest trader - and wonderful person - of the crew, is about "The holy grail of trading: risk management".
Feel free to share and discuss, and don't forget red's flag: Traders Helping Traders

EURAUD ....no comments

I'd like to revive this thread which along side Ken's BS trading represent the finest teachings found on this forum.

I am mindful that I've been cluttering up Ken's thread with a style which is probably more suited to this thread.

My trading style is to take low risk/ high reward setups on the M1 / M5 time frame and looking to either scalp or trail out profits and with a view to a potential runner.

Trade management is currently 1 standard lot with no more than a 10 pip stop.

Anyway first trade of the day.

Scalped a handful of pips and now back in again off another small supply level.

Stop is always at BE quickly. I'd rather be stopped out for BE loads and re-enter again if need be.

I'm not expecting much from these trades since the EURUSD has bounced it's head 4 times against the H4 supply level.

... But sometimes they just go.

12 pips locked.

This is my charting setup. I mark off the levels, wait for a reaction and pretty much get to BE straight away.

It's aggressive trade management and sometimes I miss out on a runner by trailing so quickly but with at $10 per pip it doesn't matter.

Hey C-12

Excellent trades!!!

I am always impressed with successful M1 traders.
It is an enigma for me of how to take fast decision with tight stops.

I want to ask you, if it is OK with you, to give more details about the Price Action you consider for your entries, stops and management of trades.

Keep on the excellent work, you got yourself a fan...

Basically I watch the M1 chart as price arrives into a higher TF level.

Entry is on the close of the M1 rejection bar (pin, doji, beeb)

Stop moves to BE + spread after a few pips. You need a low spread ECN broker for this.

I then aggressively trail my stop behind any swing points or new M1 S&D levels that form and do this until stopped out.