40-100 pips aday trading system

Hi Bramble

The point i trade long hours so i dont have a lot of time to responde but you can always email me and i will try to respond on here.

To answer your question 1-2 pips lower or higher than the IB its up to you.
when its a strong down trend the stocks are not so inportant as we use fibs on any retracement to test the levels
it was not a great shot i no it was doen in a rush and it didnt come out like i wanted.
but i dont have a lot of time this is why i did the live trading its quicker and more simple

No this is one of the most simple systems there is and highly effective.for new and old traders and can produce 40-100 pips a day no problem we do it every day dont take my word for it ask around in baby pips newbies and oldies i have a fund manager who all uses the system and are very happy ask them . so its on another forum so what. some people want jam on it.

Here goes when the IB forms look at stocks if its high around the 80 mark crossed or hooked over then take a short when the trigger candle the 3rd candle in the group passes below the IB by 1-2 pips use fibs to look for a possible profit target. if stocks head to the 20 area in a strong trend they could stay there i while does not matter but if they turn and hook up and go back over 20 then look for a new IB.to go long thats the simple styal but i teach diffrent set ups to aviod fake trades. and if you trade on your own 30 min to 1hr time frame is good i use 15 in traning but yes it is a bacis but the idea is very basic and simple but we use fibs and trends lines when the guys are new but its teaching how to use price action.

Hope this helps


Jim

Oh, you also use fibonnaci levels but how do you use them exactly

This "system" sounds far from "simple" as i can see it .

Hi
its explained very well in baby pips with a lot a screen shots but new people need more than that they need guidance and they kept asking the same questions and it was people like that who asked me to do it live not the other way round they wanted it so i did it they seem very happy with the result

BUT LIKE I SAID ITS UP TO YOU TAKE IT OR LEAVE IT.


jAMES

Well been fun those who would like to learn can speak to others and read my thread on BP those who dont wish to learn it can talk to JTRADER he seems to spend all day on here.


Regards

Jim

Good luck jim

i shouldn't have joined the thread - i suppose like others - the juicy title sucked me in.

Its a shame the content of your not so simple system, doesn't look to live up to the spin!

JT leaves this thread, as its been a complete waste of time!

What a lot of fuss & hoohaa over nothing! LOL

I just caught this humorous thread today whilst browsing.

Funny how I hauled up his parameters, had a quick gander through a few (prev) days worth of bar prints & tallied up over 120 pips based solely on his price guides.

Took me all of 20 minutes.

If you'd thrown a buck-a-pip onto the table yesterday & this morning JTrader, his triggers would have paid the few bucks entry into his room, where you could have investigated all the supposed hype?

Might have saved you a mild cardiac.

A measured response Ampro. Regardless of your view of JT's patience infarction, Jim hasn't done himself any favours with his posted example or the fairly ambiguous and subjective 'rules' of his system. I’m not hitting Jim at all, it’s great he’s chosen to share, but as I say, he hasn’t presented himself or his system in the best light. System designers are not necessarily (rarely in fact) system packagers – because they don’t normally need to be. But if you’re going to choose to be one (either commercially or as in this case, by publishing on a board publicly), then either do it right or get someone to do it right for you.

That said, your second chart (and I note you appear to be using Stochs on divergence with price which has historically proven far superior to the more standard overbought/oversold rules) shows you taking a trade when the Stoch was at the 50 level and flat – so outside of Jim’s method. A valid trade and a good one, but nothing to do with Jim’s methods.

I know, i know, i said i'd left the thread.....

Even if my posts on this thread did reveal a momentary lack of patience, this was for a good reason - due to the ambiguous nature of what has been posted.
Well spotted TB the stoch level was at 50 on this mornings chart.

The points i have been trying to make though, are serious & important ones. What has been packaged as a system, appears no more than a collection of vague ideas that are not clearly explained or exampled.

Due to the fact that jim makes money from his skype chatroom, and the fact that his rules for this "system" was his 1st post on T2W, and his 2nd post was to say along the lines of -
"Oh, i'm not getting into explaining this all again here, come see whats been said over at BBP's," I think i have been justified in being both suspicious of his motives, & slightly inpatient due to the sketchy nature of it all.

But hey, good luck with it all, i wish you well jim and all your followers !