The ribbon: This thread will deal mostly with the GBP/USD EUR/JPY, However, we'll trade pairs together with the very best entry. The concept is to learn the system and have many people looking at a couple pairs and alert us if they are beginning to set up. I can show you the way you can do this, and it is extremely simple to accomplish. You can exchange whatever lot dimensions you want, and I'd recommend doing it in such a manner that you can pull have off to lock profit. I will show you how you can exchange Pivot Point into Pivot Point and pull half and then set a 100 Pip limit on the rest, if you'd prefer this method of trading, but basically its so newbys can find a good start. You'll be amazed how many transactions go all the way. I have also put my template under to make it simpler.
Rules with this thread. I dont want to hear anyone asking, Which way do you think it will go in case you have to ask this, then shut up and see the ribbon and learn. Here is a college format that is really good reading on the weekend. http://www.BABYPIPS.COM. You may pick up this, it is very simple. In case you have begun to criticize the ribbon, I will eliminate you instantly. If anyone belittles any one in here, I will eliminate you instantly. I dont want to hear, I think that its going up or I think it's goin down. That can be seen by us. We wish to hear solid evidence utilizing these charts and utilizing regular long-term charts with 1 Hr, 4 Hr and Daily. That's all you want. In case your looking out on the weekly, your in the wrong thread. Don't wish to hear it. Straightforward trendline trading on the longer term chart to learn where it may go then entering the smaller timeframes. Thats it and it could be very profitable if we do it right.
The Plan: The plan here is to start off small. You can start with $500 if you would like to exchange micros, that trendy. The concept is to exchange 2 micros or two Minis or two criteria. You get a good entrance and you know its going to strike another Pivot Point at the least, usually, unless you strike a shirt someplace. If you go pick your bottoms and tops it is possible to find the in betweens and thats where the group comes in. Where the tops are, we should know and we'll share. You dont have to trade this manner, but we may have some newbys and this could possibly be a good method to edue them. Thank you and good Luck. I've put the Smoothy Template along with a trendline alarm clock that will alert you if the price touches it.
Thanks, Jim
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