PBT + Currency Matrix Setup

[Biffco]

I've been following the setup explained in the video linked below. So far I have 14 winners and 3 break-evens with zero losses for a total of 342 pips. I assume losses will come, but so far it's a very strong start. Does anyone else have a similar experience? I've been trading this setup since the video was posted. Mostly just the euro session and a little of New York. Super easy to follow. The hardest part is being patient and waiting for setups.

Here is the video if you haven't seen it:

 

[kaygee]

Hey Biffco.
Yeah. Hearing you. As stated in all the videos posted. Patience is a virtue. If you can be patient & wait, the opportunities are there. Gotta put in the screen time & the results speak for themselves. Keep it up.
Just remember Capital management is key.

 

[Biffco]

Hey Biffco.
Yeah. Hearing you. As stated in all the videos posted. Patience is a virtue. If you can be patient & wait, the opportunities are there. Gotta put in the screen time & the results speak for themselves. Keep it up.
Just remember Capital management is key.

Yeah, this system has very tight stops, so RR is excellent. 20-30% per week is realistic.

 

[wolfepack]

Hi Biffco - when you say you had 3 breakeven trades - how are you managing the stops for those?

 

[Biffco]

Hi Biffco - when you say you had 3 breakeven trades - how are you managing the stops for those?

When the trade is +5 pips, I push it to breakeven.

 

[wolfepack]

When the trade is +5 pips, I push it to breakeven.

What timeframe charts are you using to actually enter your trades? Video references 30 min charts.

 

[Biffco]

What timeframe charts are you using to actually enter your trades? Video references 30 min charts.

Chart timeframe does not play into it. That's an old way of thinking (if that makes sense). Trust the tools and the data.

 

[riffster21]

Chart timeframe does not play into it. That's an old way of thinking (if that makes sense). Trust the tools and the data.

Yeah, that's probably the hardest part for new traders to understand. However, once they get it, they'll never trade the same way again.