Question 1:

Can you explain exactly what you mean by 'Locking In One Point' profit.. how does that work..exactly what do you have to do??

Question 2:

I also notice that on some of the charts you mention the 'Y-Axis...

...what is the 'Y-Axis'??

My 1st Answer:

'Locking In 1 Point,' is where you...

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Here's an email  I received this morning from a very new TTT user my answer/response is below:

"I have read your email sent today and am slightly confused about your trading before 8am and whilst I am pleased to see you making a profit, this early morning trade is presumably more likely to be used once
experience is gained after taking positions post 8am. 

My observation of today's action was that the ma's crossed on both the charts circa 8.30am and assuming these trades were placed with a lock in following price action in the expected down direction you would have been stopped out on a spike up five minutes later.

Presumably because the price action is still down that another trade could/should be taken as the Dax further confirms the downward direction.

Is this a correct reading of events please?"

Ans:

Ah yes, my trading before 08:00 is for the longer term users of the TTT, that's why I didn't trade it, as I know there are so many new TTT users coming onboard all of the time and to trade it would cause even more confusion.

What you could glean from this morning's email is...

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Here's an email  I received this morning my answer/response is below:

Question:

"One quick question (for now) - even if MA's have cut on both charts, and the breakout point has been hit, etc. do you still NOT trade unless the MA has changed to go in  the same direction as...? Today's message suggests  you don't.

Answer/Reply:

If we're trading the 1Minute Chart, it's (dare I say) safer to enter the trade if...

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Here's an email I received today my answer/response is below:

'I have been following your trading technique for some time now and have found it on the whole very profitable, as being patient I find is the key to consistant pips. One query I have is you mention you input your stop loss to 11  pips to include the spread on Capital Spreads, I have  a tendency to close  the trade prior to the stop been triggered , could you please advise at  what point you should exit a trade if it is going against you as I am now trading in double digits per pip?'

My (Amended) Reply/Answer:

My 'Stops' will always be between 1 (where I move my 'Stops') to 11 Points and...

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Some of you may be wondering what the heck I'm talking about sometimes but you still don't ask, so to help you out, if someone asks me one question, I would then believe it to be so that there's more than one of you with such a poser (problem)...

So here's an email I received today my answer/response is below:

'Sorry Wilson, ...but I can't see  where you say if a trade does go against you whether you should just  sit back and let it hit your stop or if you should get out. I  thought the whole point of the stop was to let the market breathe,  so getting out early won't achieve that and you could miss a decent  trade (what's the point of having a stop if you don't use it?) but  if there is a way of reliably exiting early, I'd be interested to  hear it, please.

Also, when entering a trade, do you take the spread into account, or  once that buy/sell figure hits the number from your chart do you  jump in?'

My Answer/Response:

For me, it depends on the moment and how I feel in relation to what I see.

Sometimes, just sometimes, my trade is based on my...

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Here's an email I received today my (amended) answer/response is below:

Question:

'I notice that the 11.15 one min bar coincided with a ma crossover to the downside with the 12 min sloping down, on the 3 min bar I notice that there is a ma crossover point in the opposite direction i.e. up and the 12 min ma is losing upwards momentum.

Knowing the outcome, the answer would have been to wait to see which way matters resolve, but is there any more guidance here please?

Trying to follow the principle of getting tops within a positive position/below your starting point is very difficult in fast changing markets and make one prone to a high degree of whipsawing.'


My Response/Answer:

Trading after 09:30 to 10:00 at the latest is what 'I' call...

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Q: On the 1Minute Chart, when the 3MA crosses the 6MA, then it is time to take notice?

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Q: Is your system suitable for the DOW because I am only free in the afternoons?

A: Yes, it's suitable for the DOW, in fact...

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One thing I wasn't sure about was the choice of platform and live charts. 

I have accounts with IG Index (Capital Spreads -- Live and Demo accounts), Forex Meta demo, ODL Markets, Tipsreadbetting, VDM Markets, and Worldspreads.

Of those, I'm not sure that any of them would be acceptable as I think they may be Java based but I'm not sure. 

Q: Could you please suggest a Live one from those which would work with your system? 

I have gone through your manual once and intend looking into the charts more in-depth.

One concern I have is: 

1. The charts on your update PDF and the main manual all seem to be taken from the Capital Spreads charting package. I don't really like this program as the Moving Averages cross-overs are pretty unclear.