Exactly.

"The Pip Nailer". Any time frame, any pair

Your welcome pip_bagger! I have to admit I thought it was going to hit our stop before going further upwards. Sometimes this will happen - you will get stopped out, due to a nasty ranging market for a couple of hours, and then it will reverse, and ...

"The Pip Nailer". Any time frame, any pair

Hi Sundarvenu, You are correct. This is exactly why this system is so powerful. I agree that the signals are very rare. You could essentially go down to lower timeframes, but the spread per move is a bit high, (the lower you go). This is why I said ...

"The Pip Nailer". Any time frame, any pair

Hi Ronyn, no problem my friend. Basically, when you have a Nailed Candle, you enter immediately. Theoretically speaking, you should enter at the closing of the Nailed Candle, because sometimes the opening of a new candle is slightly off by a few ...

"The Pip Nailer". Any time frame, any pair

Sorry pipbagger I forgot to answer your question. The answer is, it doesn't matter whether the AO or the AC is above or below the line - just look for the same colour on candle close.

"The Pip Nailer". Any time frame, any pair

No, that was not a 30SL/30TP. The PDF explains that the stop loss must be at the LOW OF THE NAILED CANDLE. So in this case, the SL was around 65 pips. Therefore the TP was 65 pips, which was reached rather comfortably.

"The Pip Nailer". Any time frame, any pair

Ok, here is what happened on the Cable, last week on Friday. Now although I wouldn't recommend trading this system on NFP day (unless you got balls), the point is the system survived the beast, and you would have made more than 60 pips, trading off ...

"The Pip Nailer". Any time frame, any pair

I am using the default PSAR settings (0.02, 0.2).

"The Pip Nailer". Any time frame, any pair

The problem with using the PSAR exclusively for exiting is that it's rather a laggy indicator. So yes, on the example I provided, it seems using PSAR to exit alone is perfect, but due to the lagging nature of PSAR, it will bite you on other ...

"The Pip Nailer". Any time frame, any pair

Yes, absolutely correct, a Nailed Candle is one where all three indicators have to line up on EXACTLY THE SAME CANDLE. If not, then it's simply not a valid entry. As for trading like pip_bagger mentioned, then I actually tested this method, and ...

"The Pip Nailer". Any time frame, any pair

Thanks everyone for the appreciation. Little busy right now, but I will answer some of the points raised later in the day!

"The Pip Nailer". Any time frame, any pair

True, true.

Diane's journal

LOL, why don't you two just use MSN Messenger? Hehe, just kidding!

Diane's journal

Check out the Daily Fozzy method.

Best Simple Swing Trading System?

Hey Mazdaz, this looks very interesting. Thanks a bundle.

X-Rated IBs & OBs

Aroon is a good indicator, but for me, it doesn't stand out as anything extraordinary. Distinctly average in ranging markets.

Aroon Indicator

Oh my God, and I thought my system was was too screen-cluttered. LOL, haven't all these new million indicator systems proven that profitability is inversely proportional to no. of indicators on chart?

Is this a good system?

I have noticed in some quarters (i.e. TSD) this system is known as the "8 & 8" system.

Fozzy e-book - noobs can start here

Currently studying this system Wicker. Keep up the good work!

Trend Follower 5 Minute System