Recent content by coolpixel1

I hope everyone is doing well (at least for the most part) - I've had only the opportunity to check Jim's synopsis of the month and it was like... "Whoa!" - you need balls for this (won vs lost). Wishing everyone a good Friday and weekend... :-)

Good Luck everyone, especially yoohoo999 - keep us posted :-)

Jim's last post for february makes interesting, and positive reading (I urge anyone who hasn't read his blog to do so). He is in profit, with pending positions also in profit. More to the point, he discusses option on exits and re-enforces the fast trend cross as his main choice (not S&R)...

Yes, I agree. I often check(ed) these and the 30min charts, this would be a logical method to get an early-warning, though the question is - would one get out on the H1 as soon as FPM gave an exit signal on that timeframe or... wait a bit? And the other thing that springs to mind is that it...

He leaves positions open for longer than a week so weekend too - which email address did you use? he normally answers within 24 hours! :-)

Hi fxtrader85 - what settings do you have for the Parabolic? Try... Step 0.01 Maximum 0.094 Trend Minimum 5 these are settings utilised for M15 and M30 but may work faster for the 4H charts too!!

It certainly looks as though the Parabolic will serve to complement an exit - that was the idea so excellent work - well done! I have a question though - what helped you decide that at no.2 position you moved your stop (as opposed to to say the candle or two before)? Or I presume you were...

Thanks very much for your post DL66 - it's good to see new people joining and contributing. I hope to return to forex (and FPM) sooner rather than later as it was the only system that I never lost money on. I agree with the GBP/JPY pair too- I call it the executioner though some people no doubt...

Looks good and logical - no time at present to test but time will tell. Graham at Cash Master already uses his previous system (TUFXP) and wouldn't lie about this being crap if it was. Too new to tell though.

That's the problem - one NEVER knows. Jim suggests choosing one method and sticking with it, otherwise you'll lose in the long run. The key reference too is the way the turtles traded - and one of their little tricks was to use Donchian channels to exit and that's what I with a colleague are...

In fact, I'd be happy with half of what Jim earns every month out of this - a couple of losing months a year are to be expected anyway.

That's it. I think moving the stop so you don't lose out overall is sensible. I back-tested this extensively last year and the S&R lines (and corresponding zones) were excellent areas for profit taking and I believe, remain so.

You need to get used to the way FPM works too and the way you trade. The other thing is that for example news doesn't really affect things too much when trading higher time-frames anyway. I'd avoid the first half of Monday (GMT) and second half of Friday though, and perhaps the first Friday of...

Can't help actively at the moment - got too much else on but according to the author, choose one exit method and stick with it. To be honest though, the white exit arrows come way too late for my liking so wouldn't use that method. USE ONLY IN RANGING TIMES. In a trend, Fast Trend cross is more...

This is one of the best systems out there. Ivan has done a fantastic job in starting and keeping a thread going without hype (with relatively little cross participation) and may the force be with him!