1000 pips

Hey guys,

I've been watching this thread since 2 days and decided to add some juice:

Last week was actually awesome with closing the GBP (+690) and priors week EUR (+355), totalling +1045 pips from 6 trades on the H-4.

I really would like to show you how to do it step-by-step, but then I'll get probably banned for the commercial.

Anyways: when you look at the 2 pictures, you'll see at least the results:

for both instruments:
Enter 1 + 2, exit both on A
Enter 3 exit on B

Stop is the red line, but it's usually never hit; I'll exit on profits..
(If done right, the stop should zero out in worst case)

I'll let pipmakers post stand for a bit even though it's a diversion from the progress along TD's route. If people start exploring it I'll split it to a new thread assuming that pipmaker will follow up and assuming it's not an advertising hook.

cheers

jon

PIPmaker said:

Hey guys,

I've been watching this thread since 2 days and decided to add some juice:

Last week was actually awesome with closing the GBP (+690) and priors week EUR (+355), totalling +1045 pips from 6 trades on the H-4.

I really would like to show you how to do it step-by-step, but then I'll get probably banned for the commercial.

Anyways: when you look at the 2 pictures, you'll see at least the results:

for both instruments:
Enter 1 + 2, exit both on A
Enter 3 exit on B

Stop is the red line, but it's usually never hit; I'll exit on profits..
(If done right, the stop should zero out in worst case)

Click to expand...

Sorry to seem overtly negative if you are just trying to help people but a title like "Did you make your 1000 pips last week?" is ridiculous and is just teaching new traders to have unrealistic expectations.

And when I look at the pictures - I don't "SEE THE RESULTS" - I see a chart where you have indicated entry and exit signals with no reasoning behind them. Most of us can do that and replicate the same "incredible" results. It's called hindsight.

Once again, apologies if you are genuine. But if you are would it possible to start a new thread, perhaps making it clear whether you are going to help people for FREE before you do? I don't want to get people confused trying to learn multiple strategies or be ultimately disappointed to find there is a prohibitive charge for your "tuition".

trader_dante said:

Sorry to seem overtly negative if you are just trying to help people but a title like "Did you make your 1000 pips last week?" is ridiculous and is just teaching new traders to have unrealistic expectations.

And when I look at the pictures - I don't "SEE THE RESULTS" - I see a chart where you have indicated entry and exit signals with no reasoning behind them. Most of us can do that and replicate the same "incredible" results. It's called hindsight.

Once again, apologies if you are genuine. But if you are would it possible to start a new thread, perhaps making it clear whether you are going to help people for FREE before you do? I don't want to get people confused trying to learn multiple strategies or be ultimately disappointed to find there is a prohibitive charge for your "tuition".

Click to expand...

No need to be sorry, you have a fair point. However, I'm in slight disagreement about unrealistic expectations and will state the opposite (especially for new traders): There should be no reason to get stopped out 50% of the time or keep guessing what the market could do or worse, that the marekt will reverse in the next minutes.

The trades have been placed on a real account. I keep winning about 49 out of 50 trades (yes, for real, no BS) and I wrote this single strategy down and created a small ebook, that I'm selling for just $7. (which should be expendable, but requires some commitment)

Considering all the overpriced books and "confusion" of mixing strategies ("10 tips, 25 strategies, 100 ways to win a trade') great: that will set wrong expectations and mess up any trading Bit Time. One strategy at a time, bigger timeframes and most realistic expecations.

About the hindsight: I trapped into that too in my first trading days, thus the little book will exactly do the opposite:

I'm asking the reader to Cover All Bars and then reveal them one by one to make a decision in preparation of the next opening and explain the reason behind. So far, even novice traders managed to win 9 out of 10 trades and offered to pay some of their money back to me.

You see, I'm simply sick of the deceiving part with empty promises.
I can show how to turn $200 into $2000 within 3 weeks. 80 winner (+$2545, 3 loser (-$7.83).
CATCH: this performance is not for novice traders and requires exact understanding of market cycles, sliding timeframes, not trading the news etc.,
POINT: all TA and well possible. That'll be another book, if I see success in selling the first one.

The link to my site has been removed. So, if yoou don't want to get 'another' strategy - hey, your choice ..


Many Pips!
Martin.

PIPmaker said:

I wrote this single strategy down and created a small ebook, that I'm selling for just $7.

Click to expand...

Martin, honestly, I hate being skeptical - I really like to try and give everyone a chance but why would you be charging just $7 for your strategy that makes $1,800 in 3 weeks?

I don't get it.

** EDIT: You can argue your case on my post above about why you are charging but after that I don't really want to derail this thread anymore. - Thanks, Tom

trader_dante said:

Martin, honestly, I hate being skeptical - I really like to try and give everyone a chance but why would you be charging just $7 for your strategy that makes $1,800 in 3 weeks?

I don't get it.

Click to expand...

You're welcome to pay $37, $97 or any other amount

It's educational. A good math book may put you in the position to get a nobel prize; would you pay $25,000 for the book?

I like to share and to teach and this book is different. I'm aware of more than 300 "books", reports, revamped strategies; usually sold for $37 - $162. Again, all questions are answered on the site, too.

$7 requires some commitment from the user's side as opposed to a free downoad. Skip the macchiato and the donut and you are in. You are responsible for the actions, not the book, not me. Same for the math book: it's what you make out of it.

PIPmaker said:

You're welcome to pay $37, $97 or any other amount

It's educational. A good math book may put you in the position to get a nobel prize; would you pay $25,000 for the book?

I like to share and to teach and this book is different. I'm aware of more than 300 "books", reports, revamped strategies; usually sold for $37 - $162. Again, all questions are answered on the site, too.

$7 requires some commitment from the user's side as opposed to a free downoad. Skip the macchiato and the donut and you are in. You are responsible for the actions, not the book, not me. Same for the math book: it's what you make out of it.

Click to expand...

OK PIPmaker, fair play.

My advice is: If you want to get people to buy your e-book I suggest you set up a thread, show some of the basic setups so people know what to expect (a price action based strategy, ema x-over system etc) , make a couple of live calls so you are proving your strategy works and then people can PM you for more details on your book if they like what they see.

Best of luck,

Tom

Everything's moving

Hello ALL,

I'll follow trader_dante's advise, will split the thread to keep you posted over the next few weeks. Reason for posting here in the first place was the title: "Making Money Trading.

BTW; I think there was a question, whether or not "price action based trading" is a good thing and/or valid. Well, ANY further action and indicator is derived from price action, so it's a good thing. Personally I don't use it on larger trades, because I'm getting tired of counting more than 200 bars to paint the bigger picture for the context; that's where the indicators come in handy.

However, the purest "direct trading" you can ever do is based on recent price action perhaps within 1 to 3 candles at max.

Many Pips!

Thread Reset

This thread was started to share the success of 1000+ pips captured during previous week (44) by applying the principles of one strategy, "Alligator in Action".

The strategy uses a modified "Alligator" as indicator (the one named by Bill Williams) and the appropriate use, which is different from the origial idea.

Bill stated, that the market is "asleep" 70-85% of the time, while the alligator gets hungrier and hungrier.

My take on that: that might be true to some degree, when looking at only one timeframe. Furthermore, most of his recommended entries are 'late', thus requiring higher timeframes to capture serious profit.

The modification and use of "my" strategy works on every timeframe and instrument, thus allowing to shift and zoom as appropriate (robustness).

Also, the combination does not require to have a second or even third window with a different timeframe, because they go easily "out of sync" as time progresses (harmonics).

For the previous week (44) I showed how to capture little over 1000 pips on GBP and EUR with just 2 lots max/each at a time as screenshot.

Those results are not displayed in hindsight (as assumed) but extracted following the exact steps of that methodology.

Again, it's not a complete trading plan, it's one strategy - (...a good one though )


As recommended by a senior member of this forum (good idea, trader_dante), I've put up a 7 minute video showing and describing the entire decision process bar by bar. It's on YouTube for you to watch. http://www.youtube.com/watch?v=lUv2EL5Pb4c.

I hope you'll enjoy the video, since I've spent all night for getting this together..

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Based on your feedback and the number of subscriptions I might add more edu videos. Before that I hope to get Your feedback on how to improve the style.

That's how I win 49 out of 50 Trades - repeatedly.

I want You to become the most successful trader around by altering common assumptions of "how to trade". Don't go for the 50% stop outs (i.e win-loss ratio). Don't fall for the 'micro trades' or 'noise'.


"We are limited only by our assumpions of what seems to be possible" (pipmaker)

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PS: I'm originally from Germany but have been living in the USA since 2002. English is not my native language, so if you find trouble in the way I describe certain things, and they sound 'strange' to you, please forgive me and simply contact me for clarification.

PPS: I would appreciate open communication as posts rather than PM for everyone to share.