©2009 mp6140 trading approach

mp6140 · #1 (**permalink**) 06-02-2009, 11:28 PM

the admin has given me permission to show my forum here so, naturally, here she be !

http://www.stockhideout.com/mp6140-f...ndexes-school/

what i do is SHOW you how the forex market works and DONT provide any EA's or "systems", although as ive said, the very nature of how i SEE the market also makes for one heck of a standalone system in and of itself.

we use indicators, but not in what can be construed as the "normal" manner, often buying when common knowledge says that the indicators are telling us to sell --- ive given up on "common" knowledge a whole long time ago, maybe cause its so . . . . . . . . common !

anyways, theres the place, we serve 350 pips daily and all the ice cream you can eat and people seem to be learning, so i aint got much more to say !

enjoy and trade well

mp

mike360 · #2 (**permalink**) 06-04-2009, 01:53 AM

Quote:

Originally Posted by mp6140

btw, now up to 700 pips for the day, at one lot each --- how did you do today ?

mp

I don't know about him, but I managed to pull in 315 pips since Tuesday and I have a floating trade open now that will at least bring another 23 pips. I don't know how the hell you pull the kinda pips you do. To me, 330 pips in under 48 hours is a lot.

mp6140 · #3 (**permalink**) 06-04-2009, 02:17 AM

congratulations, thats well done !

350 pips is what i consider a minimum day for 24 hours, but im also probably working with a much larger account that allows me to have 25 one lot trades open at any one time, which is how it works for me --- by the end of the day, i like to have no more than 5 or 6 open, and most of that will be taken during the "overnite" trading while i sleep.

while 25 open trades may sound like a lot, theyre usually split between longs and shorts and therefore the margin is pretty much "nulled" by the hedging i do.

enjoy and trade well

mp

Quote:

Originally Posted by mike360

I don't know about him, but I managed to pull in 315 pips since Tuesday and I have a floating trade open now that will at least bring another 23 pips. I don't know how the hell you pull the kinda pips you do. To me, 330 pips in under 48 hours is a lot.

clolab · #4 (**permalink**) 06-06-2009, 09:13 AM

"MP6140"
I have not read the whole thread bu can you tell me your trading setup?
I was on your forum there are a lot of informations but didn't find your system.
What I like to understand is:
what timeframe?
What indicators
Entry rules
Exit rules

Can you explain with a chart example?
Or can you point me to the thread on your forum?

thanks

^eagle^ · #5 (**permalink**) 06-07-2009, 08:46 AM

I am looking forward to hearing about your system. Im just a a noob finishing up my rookie year i forex. I will check out your site and see if I like your system better than the one I am currently using.

Miksa · #6 (**permalink**) 06-07-2009, 09:20 AM

Quote:

Originally Posted by clolab

"MP6140"
I have not read the whole thread bu can you tell me your trading setup?
I was on your forum there are a lot of informations but didn't find your system.
What I like to understand is:
what timeframe?
What indicators
Entry rules
Exit rules

Can you explain with a chart example?
Or can you point me to the thread on your forum?

hi clolab, you are right, there is probably no single place where MP's system is described in full.

i think a number of his posts in rooms 101 and 202 will give you most of what is needed to start.

but it looks like some points may be missing. for example, i am still trying to find a description for DSS indicator and how it fits mp's system.

clolab · #7 (**permalink**) 06-07-2009, 10:15 AM

yep it is very hard to ho though all post on his forum.

MP:
Why not post anything here so we can test this system instead going to reade 100's of pages without any results?

Miksa · #8 (**permalink**) 06-07-2009, 10:53 AM

Quote:

Originally Posted by clolab

MP:
Why not post anything here so we can test this system instead going to reade 100's of pages without any results?

second that. it would be great.

but it can take quite some time to describe how all 11 overlays and 11 indicators on "mp template" are used to provide unambiguous entry and exit rules with well defined TP and SL.

or even it might not be possible, if MP's system is not a well defined and complete system, but rather a method or a collection of tools.

MP's system may be simple and works for him very nicely, but it doesn't mean another trader can repeat and test it easily.

mp6140 · #9 (**permalink**) 06-07-2009, 12:32 PM

everyone is talking about my "system" which is an APPROACH to trading that is rather simple and being taken advantage by an awful lot of newbs who want to LEARN about the market.

it was made deliberately obtuse so that ONLY those who WANTED TO LEARN would wade thru the material ---- it is designed to INTENTIONALLY weed out those looking to "get rick quick" with a few indicators and a few words from a very experienced mentor, and that is the way it shall remain !

If anyone is SERIOUS about LEARNING how forex works, then being able to use a method that when used as a standalone system produces as much profit as your equity will allow, you are WELCOME but if all you want is a few indicators, you can come and take those also, but woe be to those who dont understand how it works, because you aint gonna be the meek that inherit the earth, but smack dab in the middle of those 95% who WASH OUT of flight training !

enjoy and trade well

mp

"guns dont kill people --- LARGE gaping holes in vital organs kill people !"

^eagle^ · #10 (**permalink**) 06-07-2009, 02:00 PM

Quote:

Originally Posted by mp6140

everyone is talking about my "system" which is an APPROACH to trading that is rather simple and being taken advantage by an awful lot of newbs who want to LEARN about the market.

it was made deliberately obtuse so that ONLY those who WANTED TO LEARN would wade thru the material ---- it is designed to INTENTIONALLY weed out those looking to "get rick quick" with a few indicators and a few words from a very experienced mentor, and that is the way it shall remain !

If anyone is SERIOUS about LEARNING how forex works, then being able to use a method that when used as a standalone system produces as much profit as your equity will allow, you are WELCOME but if all you want is a few indicators, you can come and take those also, but woe be to those who dont understand how it works, because you aint gonna be the meek that inherit the earth, but smack dab in the middle of those 95% who WASH OUT of flight training !

enjoy and trade well

mp

"guns dont kill people --- LARGE gaping holes in vital organs kill people !"

Everyone has their own teaching style as well as learning style. I am curious about your system and looks relatively similar to my good ole FAP system but better in that the trader decides when to pull the trigger instead of an EA.

I still consider myself a noob but I am very savvy on techs. I hope I can learn from you.