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Re: javalin post# 131299

Tuesday, 01/27/2015 7:13:31 PM

Tuesday, January 27, 2015 7:13:31 PM

Post# of 140146
I was really thinking about that when I first dreamed up this "system." The beauty part of it is I think it should work well with anyone's schedule. We have lots of folks that work all day and can't sit in front of the computer like me so this needs to be flexible.

But listen, most of my trades are done after 4PM but before 8PM Eastern Time. That because there is a lull after our markets close and the Asian markets close. I try to just peek at the Technical Tool at the top of the hour.

Once you get a good grasp of the 5 steps, you can quickly pick or disregard the choices they give us. This process is meant to be a quick way to get entry opportunities bu is in no way the only way. I only give you guys a very broad way to look at these choices.

But hey, if you use the "KISS" method brought to us by Pennies2007 or the "FIB BOXES" method described by Simplegreen, you can really get a very good analysis for any pair. The trick is to trust it and be patient.

Many of my trades look absolutely ugly at times and I have to sleep on it. Then when I awake and log into my account I find that the trade was closed and it turned into a winner.

Case in point right now is the UJ trade I used as an example. It just went the other way on me and as of this writing I'm down about 20 pips. Just take a deep breath, close your eyes trust it.

This UJ entry might have been taken just too early. If you look at my H4 chart it shows a triangle that UJ has been trading within. So technically, it's still acceptable. So maybe it goes up to my top trendline and then bumps it's head and dies. Look for another entry at that level if you can. Make it a huge winner or just sit on your hands and see what happens.

Patience is the key

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