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Results for free ATM system
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impulsewaver
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July 12, 2013 - 22:42
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I thought I could start this thread so we could see how our results are for the week. Since this is my first week trading the ATM system. I would like to encourage others to start posting their results also (with a demo acc. of course). fxpro will not let me download a statement so i took a snap shot of my trades. As you can see the first few trades i placed did not have a good R/R that is because i moved the target closer without moving my stop, (don't ask why) although after my first day i left my trades to hit target or stop and look how things worked out** Register Here for Free Membership to see this image/link **

. Although i only have 2 trading days on here this is my first week and i am liking the results. By the way on a demo it isn't about the money it is about the results.   +160 pips this week 2 days THANK YOU THEO!!! "statement1.jpg"Image Enlarger

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Theo Patsios
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July 13, 2013 - 06:00
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Nicely done cool

Looks like you got the hang of it nice and quick... Location & Trigger = Proof...  Management/RR = Sensible

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impulsewaver
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July 13, 2013 - 07:08
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Hi Theo,

I am definitely going to keep studying and testing on strategy tester to make this second nature. I will be showing my weekly results to keep me honest. I am truly grateful you have shared this system. Thanks Ted

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Theo Patsios
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July 13, 2013 - 12:02
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and I thank you for doing so and using this Forum in general, I was staring to wonder who I built it for eyedrop

I have never done much to promote the site or anything but there are over 500 shy members here it seems.

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impulsewaver
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July 19, 2013 - 12:51
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Here is my second weeks results, the system is working great!  Thanks Tedglad

 

** Register Here for Free Membership to see this image/link **

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impulsewaver
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July 29, 2013 - 07:35
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Here are the trades i took for the week of 7/21---7-28-13, I was busy last week so only had two trades, no losses.

1st trade +24.5 pips and second trade got stopped out after moving stop loss +5.4 pips almost 30 pips for the week.** Register Here for Free Membership to see this image/link **

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impulsewaver
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July 31, 2013 - 19:58
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Here is my ending results for the month, I only had 2 trades this week before my demo ended for a total of +6.5 pips. My total for the month if i added it up right is about +378 pips. This has been an exceptionally good system for the month and for just starting to learn this system i am very impressed and i am sure others that try it will be to. Maybe others will start posting their results as i have.  

                                     thanks Ted

              Also thank you again Theo these results should prove that even your free system makes pips.

 

ending-balance.jpg

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Theo Patsios
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July 31, 2013 - 22:52
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Thanks for your continuing contribution to the Forum Ted and congrats on your understanding of what I feel is a very simple and safe way to Trade. The summary remains "Location, Trigger, Risk:Reward and Management" and does not change through any level of membership here at EFX. Free Membership provides you with enough to Trade profitably as you have discovered. The paid membership levels just provide software and support to make life easier and trading more hands free, as well as further your understanding of "Location, Trigger, Risk:Reward and Management". I call this an evidence based approach because I see no point in anything other than joining in with the herd once they show you the way. It is not flawless and there will always be losers here and there but that is just part of the job.

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impulsewaver
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August 1, 2013 - 11:19
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Hi Theo,

  I agree with everything you have said and i am dumbfounded to see that this site is not overwhelmed with traders my assumption is they think that free things don't work. I think there might be one more summary that most new traders can't handle and that is patients, I personally believe that is one of the biggest downfalls for most beginners. This is a simple approach that has been proven to me that it works and even I can make it profitable. What more is there, PATIENTS to wait for the correct LOCATION which gives the best RISK TO REWARD, then TRIGGER the correct candle and MANAGEMENT of the trade ,will you move to break even or take profit at first designated area. Very simple approach. Also patients is sticking to your personal plan, not getting out to early or moving your stop before the first target was hit. This is just the way i see it.

                                             Thanks Ted

The following users say thank you to impulsewaver for this useful post:

Theo Patsios, Generaal_Goudvis
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impulsewaver
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August 9, 2013 - 16:47
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A new month has started so I opened a new account, this one I opened with only $10,000, something more realistic to me. Here is my results, the first week of the month of August.            Total +161 pips ** Register Here for Free Membership to see this image/link **

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Stonecold69
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August 10, 2013 - 18:23
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Hi Theo & All! ,

 

I am feeling a bit unsure as to whether it is beneficial to upgrade to the v1 Upgrade now so that I can work my way through all the material but 'be learning the ''Professional Method'' ' rather than spending too much time on the traditional charting of candles which, if I understand it correctly, you no longer use as the non time-based charts you use are superior...

I have been learning supply and demand trading for quite some time now and I am really serious about making this my future - I am disabled and at home a lot and can give this a lot of time and I have the discipline and patience to see it through but the question is whether I should go the 'whole hog' and upgrade?

I hope I'm not making a semi-beginner's mistake but I want to learn the best method and emulate your success! stupidea

I was even tempted to do the full vip upgrade since you have only 1 space left but it is simply too much for me right now so the v1 upgrade is all I can afford but it seems like it is a great upgrade all the same and the full vip membership pretty much seems to be for those that are actively making some money in order to justify the monthly costs so I reckon I will just have to hope Theo get's more capacity in the future &/or some spaces become available? 

 

Cheers,

Stonecold69

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Theo Patsios
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August 11, 2013 - 01:28
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Hi Stonecold69,

I notice you have just upgraded to v1 so welcome aboard and anything you need just ask. I think it is important to address your statement of the timeless charting vs candlesticks.

When I think about what I am doing as a Trader it always breaks down to a 3 step process:

1. The Location that you are looking to trade along with the overlying Market Structure that has occurred before Price reached it.

2. An Entry Trigger, or proof, that said Location is active and you are not alone.

3. Making sure that your Target respects your Risk:Reward requirements and there are not too many 'obstacles' in the way.

This 3 step process can be seen and implemented on Candlesticks and/or timeless charting techniques. I have found that the timeless charting approach makes things easier/cleaner for people to read and also easier/cleaner for me to explain. Once the concepts are understood though it ends up being a personal choice and you can even trade a mix of the two, a sort of Hybrid layout.

It seems that you are not new to trading so you will be able to move along reasonably fast but try not to rush things. You must reach a point when trading where you simply react to everything and are not required to 'think' about it. If you have a complete trading plan then you just react and follow your plan, any thinking should have been done as you created a plan that deals with any situation that arises.

Don't worry about there only being 1 VIP seat left as we do have some planned software upgrades almost complete which should allow me to add a few more this Winter. Take this time to get comfortable and consistently profitable, then if you want to you can come and join us in the Live Room and access all the Set and Forget tools to turn this in to a 'few minutes per day' job.

Best,

Theo

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ccaspers
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August 11, 2013 - 10:04
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I'm glad you addressed the 1 VIP seat left issue. I am looking to wait until I make some money from Forex to pay for the VIP. Until than, I have a lot of material and practice to go through. Thanks!

 

P.S. I love your Captcha with drag and drop versus typing in some cryptic resemblance to letters that you often can't read.

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Christian Sean Caspers

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impulsewaver
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August 18, 2013 - 21:04
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Hi Stonecold69 and ccaspers, welcome to the forum, I hope to see you guys excel in this trading system as I feel i have and maybe join me in posting some results, good luck guys.

I have been gone for a few days so i am posting my results a little later than normal, but here are my results;

I got stopped out at break even +, on a few of my trades trying to go for a bigger target but all is good still ended up with a positive week, thanks Ted

** Register Here for Free Membership to see this image/link **

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ccaspers
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August 19, 2013 - 03:14
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impulsewaver said
Hi Stonecold69 and ccaspers, welcome to the forum, I hope to see you guys excel in this trading system as I feel i have and maybe join me in posting some results, good luck guys.

I have been gone for a few days so i am posting my results a little later than normal, but here are my results;

I got stopped out at break even +, on a few of my trades trying to go for a bigger target but all is good still ended up with a positive week, thanks Ted

** Register Here for Free Membership to see this image/link **

Thanks Ted for posting. It's great to see the results. I'm still trying to set up the VIP charts, as I just got the membership this past weekend. I think that due to the changes going on with the course, I'm having some difficulty with the manual. I'll send my question to support when I get home from work tonight. I work Mon-Thurs on 12 hour days with 3 day weekends. This schedule is for the summer, after which I go to a 5 day work week. Anyway, chat soon and thanks again for posting.

 

 

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Christian Sean Caspers

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Theo Patsios
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August 22, 2013 - 02:03
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ccaspers said Thanks Ted for posting. It's great to see the results. I'm still trying to set up the VIP charts, as I just got the membership this past weekend. I think that due to the changes going on with the course, I'm having some difficulty with the manual. I'll send my question to support when I get home from work tonight. I work Mon-Thurs on 12 hour days with 3 day weekends. This schedule is for the summer, after which I go to a 5 day work week. Anyway, chat soon and thanks again for posting.    

 

There are always growing pains for new VIP members, between all the progressions, live room, VPS, and tools for automation it is a lot to take in, and a lot for me to try and document also. This is why I love the live room, it gives me a place to communicate in real time and share screens to speed up the learning curve. That said; since I am on holiday right now I hope I have managed to get you caught up via email this past week and thanks for posting in here with the other members. 

A big thanks again to Ted for his coninuing results and experience on his EFX style Forex journey.

Theo

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ccaspers
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August 22, 2013 - 03:46
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Your support is the best I've ever come across. I'm reading the material and taking in all I can. Thanks to your feedback, I have all the charts set up on the Server. Some of the material I'm reading is blowing me away. I'm loving it. Future looks bright for successful trading! Thanks!

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Christian Sean Caspers

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Rob S
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August 23, 2013 - 05:06
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I agree Christian.

Things are a little slow now.  Summer, vacations, low volume time etc...

thing should start to pick up next week.

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impulsewaver
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August 23, 2013 - 16:03
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Before posting my weekly results I just wanted to add a few charts of my trades because they would have changed the ending results significantly. 

First off i had an Aud/Usd long that missed my target by 5 pips and ended up being a loser because i wasn't around to move to break even.

aud-usd-miss.jpg

 

and GBP/CHF another trade that hit and went through my profit by 6 pips but the spread got wide so i missed that exit also but moved to break even. Not having excuses just pointing things out.

** Register Here for Free Membership to see this image/link **

 

 

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impulsewaver
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August 23, 2013 - 16:13
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Now my results for the week of 8-18-13 through 8-23-13,  This was not one of my better weeks but in trading we take the good with the bad. ccaspers I am not sure if you get notices when you get a PM or not but i sent you one.

                               thanks Ted

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