This is a discussion on Forex Profit Monster - 4H TF within the Trading Systems forums, part of the Methods category; I bought this system 3rd May because I am a confirmed longer TF trader. Initially I wanted it because Forex Profit Monster - 4H TF. Community Links Members List. Forex Profit Monster - 4H TF This is a discussion on Forex Profit Monster - 4H TF within the Trading Systems forums, part of the Methods category; I bought this system 3rd May because I am a confirmed longer TF trader.

Jun 20, I bought this system 3rd May because I am a confirmed longer TF trader. Initially I wanted it because the author devised it specifically for taking advantage of LT trends. He runs a blog, and personally he prefers the 4H TF - and that's what he bases his published results on. My idea was to trade the Daily candles, because I get home from my night shifts just before GMT in Australia and I have around one hour to review the charts before the candle closes, and the new one starts.

There were too few opportunities to enter the trends, once underway, and wanting to be a system purist, I faithfully stood by, watching lots of pips float past, while waiting for an entry. I took this up with the author, asking him if I was operating the method correctly, and he replied within 2 hours that yes, there was nothing wrong with my operation of his method.

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I looked at what I was doing, and realised I could have entered at countless 4H intervals, and then stayed with these trends providing they were profitable, and in sync with the Daily charts.

So today I am trading the 4H charts with good results. Fortunately, I am able to switch on my charts around the London market opening time and catch the activity until it is time for me to head out to work again. This satisfies my need to be involved during some activity, at least. I submit that background to explain my situation.

I also have a family I happen to wish to keep! Essentialy what has happened is that I have been forced through my desire to get into the longer trends, to become a slightly shorter-term trader than I want to.

Not too concerned - just that I am missing an occasional signal, and one way or the other, that has a cost. Anyway - on to the method.

I am unsure exactly how much information T2W allows members to put on the forum. For now I will not post any links - it is easy enough to Google the name and find out for yourself. I see other members do post links - whether rightly or not.

The author has been selling the method for well over a year, and has a blog scottrade penny stocks rules detailing trades at the close forex day monster forum each month. So - I have attached a pic of the template.

From what I can gather he uses several indicators to arrive at a strong probability of the trade continuing to go in the direction of a quotes stock market timing system trend.

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He syas he has written the method himself, and I can see this is probably true, except that I can see elements put option spread calculator the AO indicator, and a multi-time-frame ADX indicator, which I have seen elsewhere.

At this stage, I am purely in demo mode. Results have been good. Can not help tweaking the setup to personalise it a bit, and I think most traders would do that. But it does not alter the signals. The only changes I made to the template, were to add some colour to the candles, and to add Spuds MTF Stochastic, which, in my view should be in every trader's toolbox. I sometimes delete the ADR window from the chart, to improve viewable screen real estate.

I am attaching the original template - I can show the tweaks later. I have been searching for a setup that gives me confidence that the trade will continue in the all binary options broker itm direction for at least the next time period. Of course this is fairy-land stuff. It can never be guaranteed. But for me, I think this has the potential to elevate that probability.

The addition of the MTF Stochastic enhances the probability of continuance. Not shown The author's use of the MTF ADX also signals the continuance of trend, and i have found it to be reliable.

I should add that there are a few parameters that need to line up prior to pulling the trigger, as well as a need to be aware of whether the current TF is ranging or trending. If you kow the trend, and only trade in that direction, it helps! At times you can get a signal that is counter to the LT trend.

Experienced traders can take those, forex day monster forum I prefer to wait until the trend is coming back to conformity. Jun 21,4: Thanks for your post. Though I'm new I can tell you I did some research and found the author of Profit Monster and Day Profit Monster to be have been around for a while, so I mentioned it to my friend who, with another friend, took the plunge and they purchased both.

They've tweaked it since and has been consistent. Trouble is, we get bored in between and start, erm, scalping, and start You need discipline, you need to be patient and though there has been talk of FPM repainting I think the difference in the way oscillators show themselves in different e. The guy who wrote the systems is straight-up and honest in my opinion and this certainly is one to have in my portfolio. Trouble is my discipline and lack of knowledge. Jun 21,7: Hi Has any one used any good indicator like sniper forex or profit monster for commodity or eminis.

I am using sniper for forex and looking a good one like it for eminis and commodities. Originally Posted by Ingot Jun 21, Is that your own picture by the way?

Jun 22,2: Originally Posted by Hip Hop.

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Originally Posted by mrsoul. Ingot, if trading doesn't work out- and i hope that it does for you, you could always be a writer- short stories, no probably better at novels.

Originally Posted by smithani. Originally Posted by coolpixel1. Jun 22,4: I have already considered the possibility of checking trend strength, market direction with e. And I have to admit that when I read FPM and FDM I didn't so much laugh a lot as Hip Hop did BTW wasn't that an old classic electro track by Man Parrish??

Speak to you soon - bedtime for me at last. To Hip Hop - I meant of course the track 'Hip Hop Be Bop' - forgot to add in the all important Be Bop!!! Thread Tools Show Printable Version. Search this Thread Advanced Search. LinkBack LinkBack URL About LinkBacks. Notices Join T2W today and enjoy a great package of benefits Page 1 of Originally Posted by Ingot54 I bought this system 3rd May because I am a confirmed longer TF trader.

A good sense of humour! Originally Posted by Hip Hop "I bought this Originally Posted by mrsoul Ingot, if trading doesn't work out- and i hope that it does for you, you could always be a writer- short stories, no probably better at novels. Originally Posted by smithani Hi Has any one used any good indicator like sniper forex or profit monster for commodity or eminis.

Originally Posted by coolpixel1 Thanks for your post.

Fpm thanks for your reply and I hope this thread can expand on FPM and tweaks. Currently Active Users Viewing This Thread: