3 朋友盘中 (3 Amigos Intraday)

Hello everybody,

I just wanted to share a system I created a while ago. It has been back & forward tested and works admirably under most conditions. In good trends it captures a lot of pips. In choppier situations, it captures smaller doses and gets you out quick with small losses - what more could you realistically ask for??

I would not recommend you follow this system if you fit any of the following:

- If you are a beginner to Forex.
- If you have no idea what 'price action' is.
- If you haven't the slightest clue what support/resistance are, and how to determine where they are on the chart.
- If you do not recognize basic candlestick formations.
- If you are a Japanese house wife with a penchant for carry trades.
- If your last name is Smith.

A word for the wise: This is NOT a 100% mechanical system. Like most successful systems, it requires DISCRETION in certain areas; the entry is pretty well 100% mechanical. Where discretion comes in is in your choice of exit, manual movement of stop-losses to logical areas, as well as the choice to implement add-ons in a good trend. In all of these cases I will try to explain what is, in my opinion, the best option for different situations.
One thing I would like to stress is the importance of trade (profit) management & properly managed exits (they go hand-in-hand). The manual trailing stop & exits were fashioned to protect larger profit while letting smaller profits breathe - thus giving them the opportunity to grow.

I do not peruse these forums like I used to and really do not have a lot of time to spend here. If you have a basic trading question, please look for it elsewhere on the site or go to www.babypips.com for a full, Trading University education.

** I cannot stress enough - KNOW THE BASICS before you even look at this.

If you have a question regarding the system itself, I will try to answer in a timely manner - I apologize in advance if I don't get to it for a day or two.

I will try to post more examples if necessary - just let me know what areas I wasn't clear on.

NO! I do not have % success rates, win/loss ratios, etc. In truth, I have little to no time to do any type of intraday trading so I have not used this system in a while. Most of my trades are long-term, position trades (the easier type in my opinion).

While I hope I have covered everything, I am pretty sure there is some small particular(s) that have slipped my mind Again, just let me know and I will try to muddle my way through an explanation!!

Good luck to everybody & happy trading!

BTW: Please do not post here until I have the first couple of messages down. They should explain everything