Welcome to the School of Pimpology
Since trading and experimenting various different methods over the years, I thought it time to share some of my knowledge and as some would kindly say "pearls of wisdom".
I will focus on various topics for different levels of expertise, but one thing that time has taught me in this trading world is that keeping it simple is the best policy.
I have put together and will demonstrate a simple technique, using moving averages, CCI's and Pivot Points only.
We will focus on 3 timeframes, the 60m, 15m and 5m.
The instruments we will be looking at early on in the thread during the lesson will be 4 x Major currency pairs.
GBPUSD EURUSD USDCHF USDJPY.
Crude oil & Gold.
I will come onto the indices later along with other currency pairs.
So, what can you expect from me?
I will post toward the back end of the thread, after the lessons, a play of the day for the New York session.
The morning play of the day can be found on YouTube (NEW).
My template will be available to anyone who wants it too.
I would like to limit most of the questions to those regarding my strategy so as not confuse, and more importantly would love to build a school of novice traders into an school of Pip Demons.
Let's work together to build a team of like minded, fun loving individuals from around the globe who we can all have a bit of a laugh with whilst making money.
You only need 50 pips a day to make the big time at this game. Many bank traders are targeted 100 a week at the moment, and you will see in a very short space of time that 50 a day is very realistic with this strategy.
NOTE : THIS IS A STRATEGY, NOT A SYSTEM. IT IS NOT FOOL-PROOF AND CANNOT BE PROGRAMMED INTO AN E.A. IT REQUIRES HARD WORK AND DEDICATION AND WILL NOT BE EASY TO MASTER. BUT AS CONFUCIOUS SAID "EVERY JOURNEY START WITH SINGLE STEP"
Happy Pimpin'
F$X$P
Since beginning this thread I have added a standalone 4hr strategy you can find from page 32, a 4hr with 5m entry from page 42 and a 5m scalping strategy on page 44.
UPDATE 28/08/2008 You will need to read all this thread to get a grasp of how the moving averages work with one another and the different CCI setting and so on, but once you have completed it, there is hope. I have managed to squeeze all three strategies on to one pretty fine template.
Don't worry too much about the alterations throughout the thread. These were done purely for visualisation purposes. The final template will reveal all.
UPDATE 22nd November. From Monday 24th I will be posting a play of the day VIDEO each morning with the best set up using this strategy. I will endeavour to give concise analysis of the pair (20 to choose from), along with suggested entry/exit points for both short term and long-term traders. This video, outlining the pimpalicious play of the day will be available on youtube at 5am UK time, 6am CET, Midnight EST and evening for the Asian, Australian and west coast massive. Click here to go to the page and subscribe. Yes it's Free too. Oooooh Exciting
UPDATE 26th November.
Just to let you know guys and girls, just to vary and to prevent me from repeating myself I am going to reschedule postings.
5AM - YouTube
1PM - Here
8PM - Facebook Group
You can see it Youtube vids here
The facebook group will be here
UPDATE - MARCH 2009 - Due to the size of this thread now I am in the process of putting together a more concise intensive training course for novices. It will consist of just 12 lessons and will arm you with all the tools you need to succeed
You can find it here. Pimpology Lives On - Intensive Care for Newbies
UPDATE: April 2009. This thread will now be reactivated and will focus on longer-term trading.
Since I have the 4hr strategy and our friend Strato made such a fine job of covering the longer-term here, I will endeavour to continue with this along with Daily and Weekly chart set-ups.
Everything on the 60m/5m will be found here
If you want a word document that breaks this thread down then please feel free to email me.