Keep in mind matty_dunn, they have twisted my numbers into something I did not say. You all that have been on this thread have all seen the total pips i make for each trade. Yes I have a win rate over 90% but I do not have a 8 to 1 RR as keeps being repeated its more like .7 to 1 RR. I enter using the Volman setups with a 10 pip stop and target. but from that point I adjust to market conditions and take however many pips I think the market will give. often its only 2 or 3 pips sometimes it a lot more. my loses are most always 10. Its funny with all the BS no one ever bothered to ask how i get the results I get. I have an myfxbook account however MB (at least win i checked) does not support it. And I don't think i really care to do that anyway I have nothing to prove. I don't tell people to do what I do and get rich. Win I am golfing with some better than me " looks like you tee the ball to high " I don't say " show my your last 15 scorecard before you comment on my swing" I assume he is just trying to be helpful. Same applies here. In the past many people got upset at BOB for not posting live trades to back up his book. Had I listen to them I'd still be a losing trader. Since reading and understanding the methods he offered to (to help others) I am now on my way to financial freedom. I am not there yet, but I am on the path. and if i can grab someones hands and drag them on to the path to financial freedom then great. If someone choose a different path it up to them. May be patong knows a shortcut along the path if he does I'll listen and may be test it or try it . I might be too fat to take his path, does not mean its bad just not for me. I am vary thankful to Bob, his book has made me a thousand fold of the cost. It you'll notice a lot of people struggle with his method,so just may be my .02c worth of ideas might be the helping hand they need. It a choice to 1. demand proof OR 1. listen, 2.test, 3. understand and 4. learn from their own test results. (notice its easier to just demand proof) Good trading to all. I'm off to attempt to make a weekend video.
Lets try and keep this it about the essence and wonderful method Bob Volman has been kind enough the share. This method is laser accurate when followed.
Patong does not know any short cuts because they simpy do not exist in trading. I have well over 20,000 hrs of charting. Thats all hard work and for the first 10,000 hrs I never made much at all. Stops to big, targets to big, etc. I am no way any where close to knowing Bobs method yet. However, I can see certain range breaks as clear as day. All these trades look almost exactly the same.
Here are a few tips thats helps me.
Bobs book was written 2011. The market had more volatility then than now. The 10 pip target has been revised to 7 pip target by myself due to less volatility in the past 2yrs. You you can still get 10 pips easy if you put the work in and cherry pick the best of the best at the correct time of day,
When looking at a particular setup live , go to that setup in the book and study the rules in regards to it,Most of all keep reading Bobs book till you get it. IT IS ONE OF THE BEST BOOKS ON TRADING EVER WRITTEN.
I am always aware of other time periods s/r zones, 00, and important daily fib numbers. (50%, 61.8%). Daily chart high , low and mid point is noted.
DATA:
A note on data. Without a doubt Prorealtime does have the best data.
Having researched several platforms and brokers, their data is different and at times not very good. For an example . Ninja Trader platform though FXCM data feed is delivering about 50% less ticks than PRT and my MT4 Synergy account. FXCM have only had Ninja for about 2 months. They sent me the login details to use their Pro Active Trader account which is direct Interbank data.It never worked. At present FXCM are configuring that data stream to work on Ninja this week.
IG Markets are a white label to PRT. Different data, no good.
TradeStation use IBFX data. Is ok, but spread is to high. I use this account for swing, position trading. This FX account give me access to the Tradestation platform so I can learn their easy language, which is not that easy.
RWTick has just released version V14. Have not loaded it yet, but am hearing positive feedback.
Diary.
I think any person serious about trading should have a myfxbook account or something similar. Not only for proving your results but for your only analysis of your trading. This gives much more insight into your own trading. Pointing out strengths and weakness within.
Traderellan, the profit % , win/loss you post is very good. Most likely the best within the trading arena. I won't trash you on this for the simple reason i have had some exceptional results at times , but never on a consistant basis. If I can trade 1% daily profit I would make over 2 mil in 1yr. I seldom do that, more like .3% And as your account gets larger the more difficult it becomes to achieve a bigger % gain. When you post these great results Traderallen you really should back them up with proof. Its just the right thing to do and I for one would study what you are doing and I am not. I read your thread and saw how trashed you got. Lets keep all that over on that thread , not this one. This is not about you Traderallen, Its about BVs method, So lets concentrate on that here. If you have something thats working for you, Then post it, but back it up with hard evidence, otherwise its only words and cam mislead others away from what they came to this thread for. This thread is about Bobs method and should be respected.
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