You said it for us all, Newdigital!

I have been reading and following this system for about a week now. Of course, it is too early to decide how it would fit my trading style, I had few losses also (demo account), but I am learning and improving.
Today was a good day:
I bought EUR/AUD @ 1.6939, now it is @ 1.7132 = 193 pips;
sold GBP/JPY @ 223.67, now @ 222.15 = 152 pips;

345 pips/day! - the system is worth studying

Big thanks to everybody for kindly sharing their experience and knowledge.

Lietuve

That's correct, I don't know is this system work or not, - I haven't tested it -

but we should respect contributors, they feed us with knowledge, even if they idea don't work. Everyone should be smart enough to test any system before going live, and even if you test it and don't work for you it can work for other person.

Bigbear3391 and forex11, Thanks very much for your great contribution.



I hope to see more people like you sharing their systems.

__________________
I have not failed. I've just found 10,000 ways that won't work.
Thomas Alva Edison

Nice work


Goinglite

Thats what im talking about! GREAT JOB.

Is there a multi-timeframe version of this system?

It would be nice to put a 1hour and a 4hour FTC system on a 5 min chart. And then use the 5 min chart for a tighter entry without having to flip through a bunch of charts



Goinglite

What I like about this method is that it's different.

Trend/Momentum methods are a dime a dozen. You can find them all over the place.

It's nice to see some folks working on a promising methodology that deals with Tops and Bottoms/ Swings.


Here's a few of my favorite quotes:

"Maybe the trend is your friend for a few minutes in Chicago, but for the most part it is rarely a way to get rich" - Jim Rogers.

"I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all your money by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of money at tops and bottoms." - Paul Tudor Jones.


Goinglite

These are two trades that I closed right now. gbp/jpy 132 pips profit, eur/aud 70 pips; altogether 202 pips. G/J I closed becaused it reached an upper BB. The euro trade I closed because I am not used to this kind of profits, it's almost scary!

For now I have to learn not only when to enter this system, but also when to close the trade - anyways, that's quite pleasant way of learning.

Thanks, guys, again.

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	gj now.gif (23.5 KB, 593 views)

Very well said and written.

ENJOY!

fxcruiser

__________________
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HAMA Z3 - CYCLE Trading with PALS**TRADE SMART... Less Indicators; TRADE EFFICIENTLY for MAXIMUM PROFITS in LESS TIME**

Excellent charts


Could you email me a copy of the templates you used for those charts.

goinglite@hotmail.com


Thanks,

Goinglite

It is my pleasure to be useful to anybody in this thread, but You have to tell me how to do it. When I open Program files and go to the MT4 and look at the templates, only preinstalled templates are listed there. Whatever I did on my own are not listed. Any suggestions?

Holly Cow, 2 months salary in two days trading only few hours!
Heavens bless the initiator of this thread!