Dislikedthanks for the links, downloaded all
i used to read a little on this system a few months back but couldnt follow up since was very busy. will restart using it.
1 question you might help me in.
the main problem i used to encounter is that the 5min system doesnt have a good indicator of any reversal.
ex. i sometimes got into a trade only to find out that on this occasion it started to turn and went opposite, happened often so that was my concern
tks againIgnored
I had the same problem - so I contacted Philip and ask for advice. He came up with the MACD and the TC pattern. A great tool to filter some of bad trades.
Another filter that I am using is the high probability setups as explained in the appendices - mostly, they are price patterns. Mkain is doing well with it. Once your familiar with your pairs, you will see which setups to take. Mkain and myself are now familiar with the EY pairs and her movements.
The last thing I am looking at is the longer timeframe and I try to trade in the direction of the longer timeframe (e.g. the 4h rules).
The Skype chat also be helpful.
Willem
Forex recipe for success = Patience, discipline & hard work.