Comments on: Three Winners To Start Off The Year!

By: Roberto

Roberto — Sat, 10 Jan 2009 12:20:22 +0000

Hi,

I would like to know if someone has a short video example showing a candle with Momentum breaking a scalp or S/R line and a video showing a candle with NO Momentum breaking a scalp or a S/R line. When I watch my chart and a candle reaches a scalp line I do not enter beacause I do not know if the candle has a good momentum or not. So a video could help me to understand it.

Roberto.

By: chase

chase — Sat, 10 Jan 2009 01:16:20 +0000

I had a good week with 100pips had two great trades! Great work Nick.

Chase

By: NickB

NickB — Fri, 09 Jan 2009 23:24:16 +0000

@Arthur: Hey Artur thats right 1:1 risk reward. My thinking is if you plan to lose 50% of your trades you shoudl have a 1:2 risk reward ration. Personally I plan to and do win an average of 8 in 10 trades so 1:1 is fine.

By: Arthur

Arthur — Fri, 09 Jan 2009 22:55:01 +0000

Hi, is everyone (including Nick) using 1 to 1 risk reward????
50 pip stop and 50 target for the scalps?

By: asiangal30

asiangal30 — Fri, 09 Jan 2009 01:04:04 +0000

Nick,
It was a great week! I made 175 pips total with a break of the 139.20 and the 140.90 and a LWP trade after the high candle of the week. Thanks for the nice start to 2009!

By: jsn116

jsn116 — Thu, 08 Jan 2009 17:37:10 +0000

I slept through the first 2 and caught 22 pips on the third. i now have alarms that text me and wake me up. Thanks for the guidance.

By: Helltopia

Helltopia — Thu, 08 Jan 2009 17:14:01 +0000

I managed to grab both the initial +50 trades, and actually managed to grab some pips as it pummeled down to support line from 141,50ish again. Got some nice +120 (tp) as it headed down tnx to trailing stop losses (simple s/r trade)
Nice start on the new year, cheers!

By: orpips

orpips — Thu, 08 Jan 2009 16:28:53 +0000

Thanks Nick, that explains it. I read the ebook awhile ago but guess I forgot that aspect while doing tons of other reading and trying different methods.

Deacon, in Metatrader, the Terminal window (under the charts) has a tab for Alerts. Go in there and either hit the Insert key or right-click and choose Create to set a new alert.

By: deacon

deacon — Thu, 08 Jan 2009 12:50:19 +0000

This is more of technical question, Nick? Where do I find the price alarm feature?

By: Monster Trader

Monster Trader — Thu, 08 Jan 2009 06:57:51 +0000

Nick,

As I’m new to your system I’m proceeding w/ caution till I get the hang of it. That being said I slept through the first call, watched the second one go down from the sidelines, and caught +50 off that 3rd one!

I never did s+r trading before, but now I’m hooked – especially on the larger time frames. I’m used to intraday trading on 15 min charts, where you can’t really leave the computer or else you’ll miss a good move, and thought that 4 hr charts where too long and boring. But I like ‘em now bc it gives you room to breath, and make calculated decsions.

Thanks!