Somebody asked me from Forex Factory which method I am using. Here is my reply:

What I find is the best for me is scalping:

1. Start at the highest TF
2. Now move down TF by TF until you see a counter trend
3. Once found you enter on this counter trend in the direction of the main trend.

That's about it. If you want to fine tune your counter trend entry just look at one more lower TF and wait till it starts to reverse. This way you will avoid being in the countertrend too lond before it comes back your direction.

There are pluses and minuses. If you wait to enter you could loose some initial PIPS. However, this confirmation wait can help with drawdown and certainly does.
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listen i wasnt bashing just trying to line up you trades with the statement thats all cool down relax i understand your method you dont have to be a rocket scientist to understand it but doing just what you have said it still doesnt line up but thats ok i figured it wouldnt since as you said its mechanical in nature which means you can do what evre you want when you want therefore its up to the trader to come up with there own trading rules to trade it

And for anyone here that wants to read about the original method please go to the following link and read my word doc.

Here is the link:

http://www.forexfactory.com/showthread.php?t=21899

Fellas - Steinitz has a powerful and potentially lucrative method and he's been gracious enough to offer it up here. Let's all just be helpful and cooperative and focus on the method to refine and improve it. Bashers and wiseguys can take a hike. I personally would love to build an EA out of this and hopefully we can find the hybrid ingredients from the different variations Steinitz prescribes for trading it.

Bluto......


Thanks bud! I will count on you in the near future to help with the programming. I think we need the dust to settle and pick out 1 or maybe 2 methods most.
There are guys making real money on this right now and are as happy as pigs in s**t. Let's test this for awhile and make sure I am not just getting lucky.

Trying to be humble

Just an update

Attached Files

Statement.htm (17.3 KB, 353 views)

Gang,
I'll familiarize myself with the manual method over the next few days, and try to test it. Since I travel a lot my input there will be limited.

I can, however, test the living heck out of it if an EA gets produced - no problem to run different brokers/timeframes/pairs on live demo accounts.

Just let me know, and I'll do what I can.

WB

Just keep doing what you're doing.....it's a bodaceous thing!

The pristine beauty of those incremental profits makes me weep aloud with wonder!

Hey Don, in that statement would you say most of those trades have been made via the scalp method you mentioned? Just curious.

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TraceJ