Ten Minutes Pips Snatcher

Prepared by: Frank Lucas - Pips Pulling Machine Team

Hi, everyone and welcome to my second trading video. This is Frank Lucas from the Pips Pulling Machine Team here again to share with you more exciting Forex ideas and insights As I pledged in my last video, I will now provide you with a more in-depth understanding of the Forex Profit Harvester. I will also present extra live trading examples so that you will attain the maximum benefits from using it. In addition, I am also giving-away another free exciting trading strategy which will again help you capture large quantities of pips consistently. The Forex Profit Harvester operates best using the higher time frames but many traders want to have a methodology that is more hit and run. They want to enter a trade, take profits and then wait for the next set up. I will explain to you my exciting strategy called the Ten Minute Pip Snatcher which operates on such a basis. Once you know how to get behind its controls, your Forex profits will sky-rocket.

(Much more about the Forex Profit Harvester)

First, I would like to thank those of you who have sent messages and emails already about their trading successes with the Forex Profit Harvester. Such responses always boost my morale and convince me that we at the Pips Pulling Machine Team are moving in the correct direction. In the first video, I explained how to design a Forex trading strategy by utilizing a simple number of steps. During this process, I also listed the actual components that I selected when designing the Forex Profit Harvester. In particular, the successful and profitable design of the Forex Profit Harvester was constructed on the following important concepts:1. Always trades in the direction of the current trend. 2. Utilizes the power of the higher time frames. 3. Targets realistic profits. 4. Grows accounts uses compound interest. 5. Uses a well-tested Risk and Management Strategy. Very impressive list you must admit. No wonder so many of you are already making profits. Now I would like to introduce you to additional benefits of the Forex Profit Harvester.

For instance, I always recommend that this strategy is best operated using the daily time-frame. This is because the higher time-frames generate superior quality statistics than those produced by their lower time-frame counterparts. However, the Forex Profit Harvester is still very effective with the hourly and 30 minute time frames as this chart demonstrates:

In this AUDUSD 30 min. chart, a SELL position was opened after price broke 20 pips below S1 and a subsequent profit registered after S2 was breached. You can use the Forex Profit Harvester to trade any currency pair. In fact, I trade many currency pairs concurrently even using different time-frames. This is a great feature because you can still experience significant action even though you are using the higher time frames.

However, I have been asked Can I trade the Forex Profit Harvester if I have a busy day job? and What about when I am asleep?.

The answer is yes to both questions if you utilize Entry or Limit Orders which can automatically open positions when price hits predetermined values. You can invoke them by right-clicking your mouse button on your chosen trading chart.

(More Live Examples)

Ok now Ill show you a few more live trade examples using Forex Profit Harvester. The first one uses the proprietary trading platform of a Forex Broker.

This chart shows a Sell position traded on the NZDUSD Daily chart. The first important point to note is that EMA9 is lower than EMA50 implying that price is moving within a bear trend. As such, I am only looking for Sell opportunities.

Next, I located an alert signal by positioning it 20 pips below S1 by right-clicking my trading chart and completing the details shown in the following pop-up.

Alternatively, you can activate an entry order as previously explained so that it will again be triggered 20 pips below S1. Whichever option you choose, we must now determine the position of our stop-loss so that we will only risk 2% of our entire account balance in accordance with our money management strategy. A good position for our stoploss is 20 pips above the Pivot Level @ 0.7926. As our Sell position will activate after price hits the Alert @ 0.7826, the size of our stop-loss is 100 pips.

If we assume that we have an account balance of $10,000, then our maximum loss will be $200 if we risk just 2%. This means that we can afford to trade at $2 per pip. Consequently, we can calculate our position size by using the following formula:
Position size = (%risk X free_margin) / ((pip_value X stop_loss)) Position size = (0.02 X $10,000) / ($2 X 100) = 1 lot

So we can open a manual position of 1 lot size after our alert is triggered with a stop-loss positioned 100 pips above your entry point and a profit target alert at S2. Alternatively, we can use this information to instigate an Entry Order. So, how did I fare with this trade? The following chart shows that a good profit was made after price hit S2 the following day.

In the next example, I made another Sell on the EURUSD daily chart but using my MT4 trading platform this time. The following chart shows the trade details.

As you can see on the above chart, a Sell position was opened after price breached S1 by a further 20 pips. The trade was then exited with profit after price hit S2 the following day. The Lot size, stop-loss and profit-target were all calculated in the same way as the previous example. I would now like to show you how to evaluate the performance of your Forex trading strategies by using a small set of live test results produced by the Forex Profit Harvester. In particular, I will demonstrate how to calculate its win-to-loss ratio and expectancy value.

Symbol EURJPY EURJPY EURUSD AUDUSD EURCHF USDCAD GBPUSD USDJPY USDJPY

Lot Size 3,000 1,000 3,000 3,000 2,000 1,000 1,000 1,000 1,000

Date 7/21/10 7/22/10 7/27/10 7/27/10 7/27/10 7/29/10 7/29/10 7/29/10 7/29/10

Sold 111.1 110.00

Bought 110.51 110.82 1.3027 0.9068 1.3793

P/L 19.1 -11.66 3.69 4.95 4.11 3.99 3.44 0.77 2.80

1.3040 0.9085 1.3814 1.0308

1.0267 1.5663

1.5697 86.80 86.22

86.74 85.98

So we will use this formula: Win-to-loss ratio = (Number of wins/Total Number of Trades)*100 Expectancy = (%Win X Avg_Win) - (%Loss X Avg_Loss) Where: % Win = percentage of trades that are winners % Loss = percentage of trades that are losers Avg_Win = average size of a win Avg_Loss = average size of a loss

And we have
Total number of trades is 10 Total number of wins is 9 Total number of losses is 1 Total value of wins is $42.85 Total value of losses is -$11.66 Using these figures, the following parameters were determined: Avg_Win = $(42.85/9) = $4.76 Avg_Loss = $(11.66/1) = $11.66
Win-to-loss ratio = (9/1)*100 = 90% Expectancy = (0.90*$4.76) - (0.10*$11.66) = $(4.28 1.17) = $3.11

Consequently, you can anticipate that the Forex Profit Harvester will produce a $3.11 profit for every dollar that you stake over the long haul.

What about rivals?

Let us now compare how the Forex Profit Harvester stacks up against its competitors. One of the favorite claims that marketers make is that their new Forex systems can trade all market conditions whether they are trending or range-bound. No doubt you have presented by masses of impressive charts illustrating how their new wondrous technical indicators can detect tops and bottoms without any failures in sight. Let me share with you something vital that you are not being told. All Forex brokers use their own price feeds which are derived from their selection of banking sources. The technical indicators that are available on their trading platforms derive their values from these price feeds. As a consequence this following concluding statement is very important: the readings produced by technical indicators are dependent on Broker platforms. Does it not strike you as strange that none of these promoters advise you about this serious point? They should do because it can affect your trading results dramatically as this chart shows.

The technical indicator of one broker advises opening a BUY at point 1 with a stop-loss just below the blue line. However, another Brokers trading platform could advise doing the same but at a slightly later time as shown at point 2. The stop-loss for the second case is now just below the green line. Look what happens. In the first case, the trade turns into a profitable win whereas in the second it gets stopped-out. This problem is the bane of all Forex robots and strategies being sold on the market at the moment. Why do their promoters not tell you about this? This is because most of them do not know about this problem and even if they did, they do not know how to solve it?

However, you will be pleased to know that you can operate the Forex Profit Harvester on any trading platform of your choice. This is because although the readings of its main technical indicators may have a variance between different Brokers, they are not large enough to affect its performance. Here is another problem that seriously affects the performances of most Forex tools. Their designers usually optimize the performances of their inventions to particular marketing conditions only. Their products are then able to produce excellent diagrammatical results which are subsequently marketed onto you. However, Forex market conditions can alter dramatically without warning. For example, the normal drivers generating the price patterns on the EURUSD trading charts are the decisions of the USA and European governments together with the comparable performances of their economics. However, all this has changed lately as USA recessionary fears and European debt contagion have caused increasing levels of fear and uncertainty to become the new drivers. This means that all Forex devices that were optimized to the first drivers will no longer function well with the new ones.

Once again, the Forex Profit Harvester has the ability to ride out such problems. You can therefore use it under all market conditions with confidence.

So,When Not to Trade the Forex Profit Harvester

Avoid opening new positions about 2 hours before the release of important economic data. This is because these events can generate significant levels of volatility causing the direction of price to fluctuate wildly. Under such conditions, your open positions could easily be stopped out. You can locate the details of all economic releases by visiting sites such as:
http://www.bloomberg.com/markets/economic-calendar/

Leave at least one hour after the release to allow the markets to settle into their preferred direction before you start trading the Forex Profit Harvester again.

My Trading Guidelines
Over the years, I have developed a set to rules which I always apply when Forex trading. I would like to introduce them to you now because they are so effective that I am sure you will derive many benefits by utilizing them yourself. Your top priority when trading Forex is to minimize your losses. You can achieve this by developing faith in your trading strategies. Remember that you must plan your trades and trade your plan. Also, never trade money that you cannot afford to lose. In addition, you can trade more objectively if you learn to think in terms of pips as opposed to cash. Remember that you are the boss. As such, make your decisions wisely based on your trading strategies as opposed to gambling on your gut instincts. You can achieve this objective better if you resist becoming obsessed with your trading. You must learn to relax and enjoy your life.

Focus on identifying fewer but better quality trades as opposed to seeking adrenaline rushes by trading as many as possible. Your profits will increase by doing so.

Organize your trading activities well so that you have all pertinent information at your fingertips. Finally, always remember to treat Forex with respect and not just as another gambling pursuit. Now Ill share with you another system that is very profitable and it takes you lesser time than Forex profit Harvester to trade. And I call it

Ten Minute Pip Snatcher

This scalping technique trades off the 1 minute Forex chart and I love trading the EURUSD using it. I open positions using either 3 or 5 standard lots depending on volatility. As such, my successful trades can produce $300$500 each. Not bad for 10 minutes of work! The Ten Minute Pip Snatcher focuses on entering a trade and then exiting it with ten pips profit plus. I can activate many positions during a session by using the 1 minute chart. This strategy is not designed to detect tops and bottoms and functions best during trending conditions. As it is based again on the 9 and 50 period exponential moving average together with the Relative Strength Indicator, you can use this strategy with any trading platform at your disposal. This

is because these technical indicators are standard to all trading platforms.

You can download my tenminutescalper template below and attach it to your chart. This following diagram presents the 1 minute EURUSD chart displaying both the EMA9 and EMA50. Look for Buys when EMA9 is above EMA50 and Sells when EMA9 is below EMA50.

I then utilize the RSI (14-period) on the 15 minute EURUSD chart to help assess whether the market condition is overbought or oversold. If RSI is above 70 within a bullish trend (EMA9 > EMA50) then I do not go long. Similar, I do not open shorts when RSI < 30 during bear trends (EMA9 < EMA50).

I search for Buys as soon as the EMA9 crosses above EMA50. However, before opening a new long I evaluate my potential reward to risk by determining how close my entry point will be to an overbought condition. As a result, if I find that my profit-target is too close to overbought then I dismiss this opportunity and seek the next one. There are so many opportunities available on the one minute chart. From trading the Ten Minute Pip Snatcher for some considerable time, I have achieved the best results by using 3-5 standard lots supported by just a ten pip stop-loss.

This demonstrates the Ten Minute Pip Snatcher in action on the 1 minute EURUSD chart. First, I noticed that a Bull trend was dominant. I then consulted my 15 min EURUSD chart to see if the RSI14 was overbought. It was not. I opened a 5 lot position with a ten pip stop-loss and ten pip profit-target as shown on the above chart. I exited the trade 8 minutes later recording $50 times 10 = $500 profit.

Next Step
Well, we certainly have covered a lot of ground and you now have two very powerful trading strategies at your proposal. I now want to ensure that you will become so proficient at Forex trading that you will not add to the depressing statistic stating that almost 98% of all novices lose their initial deposits very quickly. Instead, I want to provide you with more valuable advice that will elevate your trading skills to those of the 1% elite. You will then be able to make a good living from Forex and gain the freedom to enjoy your life to the full. So to that end I have got something even better to share with you.

Ill conduct a free training webinar in a next few days and because the seats are limited so I want you to sign up now. In the webinar Ill share with you much more powerful techniques, tips and tricks to make good profits from trading. In addition, I have become very concerned about the current state of the worlds economy and its dreadful effects on most of us in Main Street. These days, people have become very frightened about their jobs, paying bills and the future of their families. Yet, I really know that Forex can be the answer to all these problems because, just for one point, it has such a massive daily turnover of about 3 trillion USD daily. In addition, you can profit whether this market is rising or falling in value unlike the Stock Market. What about all the risks of Forex trading you may be urgently asking. Everything in life involves risk especially if you do not know what you are doing. For instance, you could drive a car of a cliff if you have not taken the time to learn how to control it properly. Once you do so, driving is safe and an enjoyable method of reaching desired locations. I will explain in my webinar that Forex trading is exactly the same. Most novices lose their deposits because they have no appreciation of Forex and start over-trading by making

decisions based on their gut feelings only. In my webinar I will provide you with well-tested guidelines enabling you to trade Forex safely and profitably. In addition, you will learn a powerful system and Ill share with you all its phenomenal and truly unique trading benefits. You will learn how to trade trending markets with an amazing 85% accuracy and range-bound ones with 81% accuracy. You will learn about my extraordinary trading secret that is able to literally double your Forex profits whilst virtually eliminating your entire risk exposure. In addition, my webinar will demonstrate how you can maximize your profits in the minimum time by producing the smoothest equity curve possible. I will also explain in my webinar the importance of developing the correct trading psychology and showing you how it can influence your trading decisions. You will then know instinctively what are good and bad practices and how to avoid making bad decisions as second nature. I will also delve deeper into the very important subject of risk and money management so that you can take the correct measures to prevent exposing your account balance

to undesirable levels of risk exposure. I intend to introduce you to new powerful techniques that will provide the optimum protection for your account balance always. In addition, I will define for you precisely what is needed to produce a consistently successful and profitable Forex trading system. So, dont delay, sign up for my free webinar now! The seats are extremely limited as I dont just want to share to anyone my trading secrets. I only want to share my secrets to serious traders who love to make better profits. Go to: http://pipspullingmachines.com/webinar Or click on the link below.

I hope you have found this video an enjoyable and informative experience. Please sign up and join me in my free webinar and learn many more of my techniques and secrets that will take your Forex trading to where you dream it should be. Thanks for your attention.