making a killing!! in this market -
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thread: making a killing!! in this market

  1. #11
    Senior Member jgaleras's Avatar
    159
    10 pips more about the Usd/Jpy

    TEB

  2. #12
    10 pip profit with 35 pip spread doesnt seem balanced
    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.

  3. #13
    I must say
    Rob Booker has an excellent E-book that is free with this Idea
    He is an excellent instructor and only trades this manner. !?

    It's quite common system in other markets
    which don't trend as well as 4x.
    Works well in 4x in times like this

    got to go will look in later

    TEB
    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?

  4. #14
    Junior Member diegovedo's Avatar
    18
    Hi Guys

    This is great
    I'm up over 500 pips in the last week had just on poor trade.
    Everyone else appears to be dying

    I have used a # of systems . . The system really does not matter.

    Exactly what I do is make sure I'm right with the day 4 hour trend...
    then only exchange with it

    then I search for the transfer in the 5 15 min charts to go away come back together with the trend.


    I'm bidding 3-5 lots

    TP is 10 spred
    SL is 35

    I am looking at every item

    I hope we stay like that until the new year !!!!


    TEB
    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

  5. #15
    Senior Member jgaleras's Avatar
    159
    It's not; he is running a negative expectation that will eventually ch up to him. It's one of those trade lesons most of us learn. The trick is, not to loose your enthusiasm when you are caught up to by these things. Just keep grinding forward and take that knowledge with you.

    In the end of the afternoon you want a system that has a win % that is a bit greater than 50 percent and winners that are just a bit larger than loosers. Much beyond that, over years and years of trading (not weeks and weeks) isn't very likely.

    Keep on with all the job, you'll enjoy the ride if you hang with it and are careful on the way.
    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

  6. #16
    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)

  7. #17
    Senior Member jgaleras's Avatar
    159
    Hello . I'm quite new to this and I find your post to be very intriguing. I was just considering 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 keep away from?
    What are you currently trading today?
    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

  8. #18
    Senior Member jgaleras's Avatar
    159
    Hello . I am new to this and that I find your post to be very intriguing. I was just looking at EUR/USD and the four hour, and daily T.L 's are very apparent but opposite( Daily :up $hr Down) would this be an illuion of you to keep away from?
    What are you currently trading today?
    Ross Baltimore Md
    (Guitar participant, Surfboard maker, proffesional musician)
    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

  9. #19
    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

  10. #20
    no I am not

    I am run in a none trending market !!
    I know this is difficulty, in ordinary 4X
    will switch 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 35pip)


    Rob does make cash a lot of it!
    I don't like to exchange this way normaly.
    I am not saying people need to exchange how he can.
    I don't even enjoy the 5/13/52 thing.
    I was only saying some people today use this notion to exchange
    That is all


    TEB
    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. .

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