10 pips more about the Usd/Jpy
TEB
It's not; he is running a negative anticipation that will gradually ch him up. It's one of those trade lesons we all understand eventually. The key is, to not loose your enthusiasm for the job when these things ch your decision. Just keep grinding ahead and take that knowledge with you.
At the end of the afternoon you want a system that includes a win % that's a bit greater than 50% and winners that are only a bit bigger than loosers. Much beyond that, over years and years of gambling (not weeks and months) is not very probable.
Keep on with all the work, you are going to like the ride if you hang with it and are careful on the way.
I have never seen any signs that Rob tades consistantly whatsoever; Rob arrived the FX scene about the same time I was promoting the 10 pips a day model, each ounce of work I have ever done appears to indie that this isn't possible.
I would be interested in knowing if anyone has seen a long term track record for him personally which affirms this methodology?
Hey TEB,
Ive been doing somthing just like the Last Few months. Although using the daily TF and also 3HR TF to determine current trend due to Oandas platform. Ive been using a 5/12 EMA as a trigger on both HR. Take profits are entirely discretional, support resistance. Ive managed to choose a 10$ account to 42$ trading micro lots. Been lots of pleasure.
Heny
No I am not
I am run in a none trending market !!
I know this is difficulty, in ordinary 4X
will change back as soon as we start to trend
Oh I made a mistake that my SL is 25 pips not 35 sorry
(where I am getting in I see it as 35pip)
Rob will make money a lot of it!
I really don't like to trade this way normaly.
I am not saying people need to trade the way he does.
I don't even enjoy the 5/13/52 thing.
I was just saying some people use this notion to trade
That's all
TEB
Hello . I am fairly new to this and I find your article to be very intriguing. I was only looking at EUR/USD and the 4 hour, and daily T.L 's are very clear but opposite( Daily :up $hr Down) would this be an example of you to steer clear of?
What are you currently trading now?
Ross Baltimore Md
(Guitar player, Surfboard maker, proffesional musician)
yes!!
But the system I'm using state that they the day, 4 hour are up
but I have the 15 5 mins down
what method are you currently using?
An easy 5 ema closed( blue ) more than 5 ema open (Red) on the day
4 hour will give the trend
or a 5 RSI on the day 4 hour will do it as well
TEB
It's really quite possible to be successful earning 10 pips a trade. Over the long haul, 10 adds up. An army starts with 1, but has supports of many. Don't knock the system till you try it. Then still do not knock it because it did not function for you, it might do the job just as well for someone else.
The only concern I have for this system, which I am using as well, but minimal 20 pips a day, $10 lots is that you just let your profits run and cut your loses short. At 5:00 pm Eastern, when I have accumulated 20 or more pips, I have had a successful trading day. Here is what 20 pips a day over a month period of time can give you.
1 Lot x 10 x 20 x 20 (average trading days a month) = $4,000
what proof have you got that rob makes cash? I am not saying that he does not; I'd like to see verifiion of it. .