Edition SINGLE TRADE PROFIT MULTIPLIER AND INTRA DAY METHOD REVISED ADDITION B.O.S.S. Copyright 2009 Lee Scholfield

Transcription

1 Edition B.O.S.S BOSS 2 REVISED ADDITION SINGLE TRADE PROFIT MULTIPLIER AND INTRA DAY METHOD Copyright 2009 Lee Scholfield

2 Contents 1. Introduction 2. How to Set up the New Charts On IG Index 3. Boss 2 Rules for entering a Trade 4. Trade examples 5. Trading Results since April 6. Results with Boss staking plan 7. Advanced trading techniques with Boss 2 (Intra day) 8. Advanced Trading examples 9. Overview 10. The Full Original Boss Trading Manual 2

3 Chapter 1 Introduction Welcome to Boss 2 the new method I have been working on to continue making a tax free profit every morning before you leave to go about your everyday life. As in the first addition of Boss it was important for me to be able to let the trade run, so I was not stuck watching charts all day. Having said that Looking over the past results BOSS 2 is extremely profitable if used for intra day trading so I have added an advanced section on intra day trading which could add 100s of pips a week to your trading account risking only 5% a day total. 3

4 It is well worth looking at if you have the time to trade in the day the times I use are 7am-3pm although I know some people like to start at 6am this is left to preference. The big difference with Boss 2 is that we will be entering the trade live and not using order to open trades. Anyone new to trading should read the whole of the original Boss method which is on chapter 10. Even if you are not new to trading I would recommend reading the original Boss method first as you will be able to set the basic chart up first which you will then be able to transfer over to the advance settings we will be using for boss 2. 4

5 The main aim with Boss 2 is the same as the original method to have a high rate of consistent winning trades which then can maximise profits with a good staking plan. With only having 1 trade a day we can keep the winning rate higher than the original settings and as I will explain in a later chapter we can even use the 2 together. Although I have been using the new method on its own lately looking to build profits steadily and avoiding any losing runs. I have set rules that state we will not enter a trade until after 7am as in the 5

6 original, as I still think this is the best time when the most volume starts coming into the market. The difference is we will be watching to enter a trade between 5-25minutes, so for single trade profit multiplier the trade should be set to leave by around 7.25am (GMT) this was the most important thing for me as I still wanted a method people could use if they are in a normal 9-5 job. Boss 2 can also be used to inter day trade though as the indicators are good for scalping right through the day, ad if going for more pips using the techniques in the advance settings you will catch every big move of the day. 6

7 I will go into this more in a later chapter but all the results here will be for a single morning trade as this is what the method was intended for originally, on the occasion where all criteria was not met I have recorded NT (no trade) and we would not of entered a trade for that particular day, there are not many days when a trade will not be found. I may record the intra day trades at a later date. At first the method might look a little more complex but be assured I have made it as simple as possible once you have the new chart set up and saved, each time you open your IG account your chart will be ready then we are just looking for 4 indicators of the same 7

8 colour it really is that simple once your set up. I would like to take this opportunity in thanking you for purchasing Boss 2 and I am looking forward to us all making consistent weekly profits. I will be sending out a sheet of my own results for both Boss and Boss 2 weekly, so make sure you sign up to the members only update letter. If for any reason you have not received by Sunday evening please me at lee@bosswins.com. 8

9 Chapter 2 Setting Up the Charts for Boss 2 Ok now let s get into setting up an advanced chart in IG Index, Please refer to setting up a chart in the original Boss to get the basic 5 minute boss candlestick chart first. Then we are going to click on this icon 9

10 1. Click on the my account button 2. Click on settings 3. Then preferences 4. Scroll down to advanced charts 5. Then click activate advanced charts Please note IG Index will charge 30 per calendar month but you will get this back as long as you trade at least twice a month so as long as you are going to be trading regularly this service will be free. Now that we have turned advanced charts on if you click this icon we can load up our first chart. 10

11 Click on the small arrow to the right of the GBP/USD currency pr (this will be the pr we concentrate on again) Then click the advanced charts icon, you will see this pop up Click the start button and it will start loading a chart, this will take a little longer than the quick charts used in the original Boss. 11

12 You should get an advanced chart like this come up, you then want to click templates and your original Boss chart should be here As you see I have changed the name to Boss 2 here but your original boss chart should be here as long as you have created as stated in the original method. You should see your chart like this now 12

13 Click on the tool spanner icon in the top left corner and you should have your only indicator come up like the picture below, this is where we add the boss 2, indicators. 13

14 Click the add button and we can add the first other indicator we will be using, First we will choose the moving average indicator, click on this and you will be brought to this screen 14

15 The moving average will be set at 20 as default we will change the settings as above nbr periods 14, next 2 settings leave as 0 change method to exponential and apply to close then change the colours to green for uptrend 15

16 and red for down trend, once you click off the moving average you will get a new moving average 14 on the left simply delete the 20 moving average once you have the required ma of 14. Now we will select our Second indicator;- 16

17 The Parabolic SAR when you first click on this tool the settings will also be a little different as standard we will change the settings as the picture below;- 17

18 As you can see from the red circle above the settings need to be changed too 1. Min Acceleration Acceleration step Max acceleration Insure these settings are changed from the default then we will select our last indicator the Bollinger. 18

19 When we first select this feature, we will actually receive another 4 indicators as per below. Click on the one at the bottom of the list colour zone boll up. 19

20 Then delete this as this will help to keep the chart tidy and stop it looking too confusing. Once deleted our settings should look like this;- 20

21 First we will change the standard deviation to 1 not 2 as it will be on default. Then on the boll up and boll down we will change the style to invisible. 21

22 Both the boll up and boll down should now look like the above. Then the boll middle which will be the indicator we want we will have set up like this;- 22

23 Insure the uptrend is changed to green and the downtrend to red, then make sure the standard deviation is set at 1. 23

24 When you have changed all the settings as above you should have a nice tidy chart which looks like this;- When you re-click on the price tool setting in the top left now if all is done correctly it should look like this;- 24

25 Now if you click on the advanced chart tab which also opened when you first started the IG advanced charts;- 25

26 You can now click on the templates then save or delete and save this chart as the boss 2 standard template as above, so it will be ready for you to use every morning. You can then use the magnify in the bottom right to get your chart looking clear so you can clearly see the 3 signals we will be using. 26

27 Chapter 3 Boss 2 The Rules Ok so now we have the chart template all ready to use we will now go into the rules for entering a chart with our 3 indicators. As with the original method I like to keep things as simple as possible, with clear rules of when to enter a trade. This is why I have chosen the indicators we will be using, and got rid of unnecessary lines or colours on our boss 2 chart. I have tried to make the chart we are using as simple to follow as possible. 27

28 Apologies for the set up being a little more complex than the original method but once you are set up the actual method is very easy to use. As with the original Boss method we will be concentrating on the GBP/USD. Ok we have changed all are indicators so that when they are changed to the upside they will be green and when on the downside they will be red. We will not be looking to enter a trade until after 7am, on the IG index charts this will be when the 6.55 bar closes. 28

29 1. The second rule is that we will wait until all our indicators have changed to the same colour. 2. When all our indicators are the same colour we will wait until the next bar breaks the top/bottom of the previous WICK not actual body of the candle, If all are colours are red indicating a downtrend we look for the bottom of the previous wick, 29

30 if all are green we look for the top of the previous wick. Pictured below is the candle wick at the top of a buy bar and bottom of a sell bar. 30

31 3. When all four previous indicators are green/red (candle colour,14ema,para and boll) and the previous wick is broken by 1-2 pips, we will enter a trade in that direction. Note. It is better to watch the chart to see this happening than try and watch the price on your ticket. 4. If the wick doesn t get properly broken do not enter the trade, you can wait 2-3 bars and if all 4 indicators are the same colour and 31

32 your previous high/low bar is broken you can still enter the trade. Any longer than 10-15mins and wait for the whole set up again. (I will show good examples of these in the next chapter) 5. Use a maximum of 40pips stop and aim to put your stop in a previous resistance area, minimum stop 25pips, most of the time I will be using a 30pip stop loss as per the original BOSS method. If there is an area where the market has not traded below/above around 20 pips in the opposite direction I will place my stop at 25pips. If there is a strong area I will sometimes make my stop 40pips. 32

33 If there is no obvious support or resistance or the area is further than 40pips I will set my stop at 30pips. Do not worry if you don t fully understand this set your stop at 30pips all the time (most of the time my stop is 30) 6. Have a profit target in mind and stick to it! I recommend 20pips as this will give a high strike rate and give good consistency, I know some of my original members like to go for more, if you do set your target higher DO NOT USE ANY AGGRESSIVE STAKING PLANS WITH THESE, the strike rate won t be as high and you will end up losing. 20pips can be used with a 33

34 plan for good gains so I would stick with this, in a latter chapter I will talk about more advanced tactics of watching and letting trades run but this will not be the morning method of one trade and this requires being at your computer live trading. 7. If you are sticking to the morning method of placing your trade once you have entered, you can leave the trade and get on with your day. Depending on when you have to leave for work etc set this as your daily trade times I have based the method on starting 7am sharp and finishing at 8am if there are no trades in this period it is recorded as a no trade day. 34

35 There will not be many and most days you will have entered before 7.30am. 8. That is it let the indicators do the work for you and enter a trade when all criteria is met and we should have a nice flow of consistent winners. Over the next chapter I will go through some examples trying to cover everything, I will not hand pick nice easy trades I am trying to show here some more challenging trades showing how the system works in more demanding conditions. A lot of mornings you will get into a straight forward trade within 5-10minutes of trading other times will 35

36 take a little longer but please be patient. 36

37 Chapter 4 Live Trade Examples Here is a really good example taken from the 15 th of July 37

38 1. The 7am Bar starts here 2. First potential buy trade only 3 indicators were green (Para still red). 3. Again only 3 indicators in the opposite direction the BOL was green 4. All indicators the same but failed to break by at least 1 pip within 3 bars. 5. First good trade of the day all indicators green and the bar which started at 8am passed through so qualified buy trade. 6. Stop here can be placed at 25 pips as the previous support was at and our entry point here was a difference of 24pips. 38

39 Of course the above trade is not a typical one and it was entered late at 8am, you may not want to trade for more than half an hour before going to work but this was a good example of waiting for all the right indicators to enter a trade. Most days we will have the indicators a lot quicker! Next I will show you an early example here we have all indicators are green when the 6.55am candle finishes, but then we have 2 red candles, the next green candle breaks the wick of the early indicator so this WOULD be a trade as we are still within 3 bars from the first qualifying bar. 39

40 Remember we can open a trade from 7am onwards so this bar will count if it had broken the wick on the 7am candle this would be fine to enter also This particular trade would of just hit our 20 pip target, so our trading would be done with the single trade method. 40

41 Now I will show you the last 2 trades when I wrote this manual they were today s and yesterdays as one was a straight loser and today s was a little tricky as the entry took a little longer both today and yesterday, yesterday particular was very choppy so these are good examples. Here is Wed 28 th July

42 Above the trade qualified at 7.05am but unfortunately only got to around 15pips before turning so this would of been a losing trade (note if trading had started at 6am would of been an easy win, in the long run I prefer 7am though as this is where more volume comes in) Below is today s trade Thurs 29 th July 42

43 There was around 30pips available at the time of writing (4pm) and again today has ended up quite choppy. *Newsflash! While finishing of the manual there was a really good example of the 1-2pip rule saving a losing trade first thing this morning so I have added late, See Diagram on next page:- 1. At 7.15am all indicators are red with a wick low of Next bar gets lower but at just.4 difference 3. Next bar lower but only at Just.8 difference and closes green 4. Still using low of candle 2 ( ) candle hits low of still does not break previous lowest 43

44 candle by 1-2 pips, having patience here would of saved a losing trade. 5. Next candle with all indicators green, the candle comfortably breaks 1-2 pips 6. makes around 27pips profit. See how waiting here saved a losing trade as all candles went slightly lower 44

45 I waited for price to break previous green candle by at least pip which never happened, look out for 3-4 candles with less than a pip difference it could be signalling a change. If in doubt just get in a little later, if you get in 4 pips higher/lower than previous bar, you could change your profit target (limit) to 18 instead of 20. It s better to have made 18pips instead of 20 than losing a full 30! Well hopefully these examples should help show you the method in action as long as we wait for all the right indicators we will have a high strike of scalps. 45

46 Trading Results since April Below Is the full results from Boss 2 since the first full week in April Using the single trade profit multiplier method Par a em a bo l stop mlb4t max pips 20 scalp 30 scalp 50 scalp Date Type 05/04/201 0 sell y y y y n n 06/04/201 0 sell y y y y y y 07/04/201 0 buy y y y n n n 08/04/201 0 sell y y y 5 81 y y y 09/04/201 0 buy y y y y y y /04/200 0 sell y y y y y y 13/04/201 0 buy y y y y y y 14/04/201 0 sell y y y 0 42 y y n 15/04/201 0 sell y y y y y y 16/04/201 0 sell y y y 0 46 y y n /04/201 0 buy y y y y y y 20/04/201 0 sell y y y n n n 21/04/201 0 buy y y y n n n 46

47 22/04/201 0 sell y y y y y y 23/04/201 0 sell y y y y y n /04/201 0 sell y y y y n n 27/04/201 0 sell y y y y y y 28/04/201 0 sell y y y y y y 29/04/201 0 sell y y y 30 na 12 n n n 30/04/201 0 buy y y y y y n /05/201 0 sell y y y y y n 04/05/201 0 sell y y y y y y 05/05/201 0 buy y y y y n n 06/05/201 0 sell y y y y y y 07/05/201 0 nt nt nt nt nt nt nt nt nt nt /05/201 0 buy y y y 30 5 n n n 11/05/201 0 sell y y y y y n 12/05/201 0 buy y y y y y y 13/05/201 0 buy y y y y n n 14/05/201 0 nt nt nt nt nt nt nt nt nt nt /05/201 0 buy y y y y y y 18/05/201 0 buy y y y y y y 19/05/201 0 sell y y y y n n 20/05/201 0 nt nt nt nt nt nt nt nt nt nt 21/05/201 0 sell y y y y y y /05/201 buy y y y y y n 47

48 0 25/05/201 0 sell y y y y y y 26/05/201 0 buy y y y y n n 27/05/201 0 buy y y y y y y 28/05/201 0 buy y y y y y n /05/201 0 buy y y y y y y 01/06/201 0 nt nt nt nt nt nt nt nt nt nt 02/06/201 0 sell y y y y y n 03/06/201 0 buy y y y n n n 04/06/201 0 buy y y y y y y /06/201 0 nt nt nt nt nt nt nt nt nt nt 08/06/201 0 buy y y y n n n 09/06/201 0 buy y y y y y y 10/06/201 0 sell y y y n n n 11/06/201 0 buy y y y y y n /06/201 0 buy y y y y y y 15/06/201 0 sell y y y y y n 16/06/201 0 sell y y y y y y 17/06/201 0 buy y y y n n n 18/06/201 0 buy y y y y y n /06/201 0 buy y y y n n n 22/06/201 0 sell y y y n n n 23/06/201 0 sell y y y n n n 24/06/201 sell y y y y y n 48

49 0 25/06/201 0 buy y y y n n n /06/201 0 sell y y y y n n 29/06/201 0 sell y y y y y y 30/06/201 0 sell y y y y y y 01/07/201 0 sell y y y y y y 02/07/201 0 nt nt nt nt nt nt nt nt nt nt /07/201 0 sell y y y y y y 06/07/201 0 buy y y y y y y 07/07/201 0 sell y y y y y y 08/07/201 0 buy y y y y y n 09/07/201 0 buy y y y y y n /07/201 0 sell y y y y y y 13/07/201 0 sell y y y y y n 14/07/201 0 sell y y y 40 na 20 y n n 15/07/201 0 buy y y y y y y 16/07/201 0 sell y y y 32 na 13 n n n /07/201 0 sell y y y y n n 20/07/201 0 buy y y y y n n 21/07/201 0 buy y y y y y n 22/07/201 0 sell y y y y n n 23/07/201 0 buy y y y 30 na 25 y n n /07/201 0 buy y y y y y n 49

50 27/07/201 0 sell y y y y y y 28/07/201 0 buy y y y 30 na 15 n n n 29/07/201 0 buy y y y y y n As you can see even with small gains the new method is making healthy profits the monthly profits at 20pips scalps are April 200 May 310 June 85 July 330 I m sure you will agree these figure are pretty good for 1 trade a day. As with the original BOSS in the next chapter I will show you the results with staking plan. 50

51 Results with Boss Staking Plan I will now list the same results with the staking plan we used in the original BOSS method. Please refer to this section of the original method for details. Date Type Para ema bol stop mlb4t max pips 20 scalp 5% 3k 10% 3k 05/04/2010 sell y y y y /04/2010 sell y y y y /04/2010 buy y y y n /04/2010 sell y y y 5 81 y /04/2010 buy y y y y Week Profit /04/2000 sell y y y y /04/2010 buy y y y y /04/2010 sell y y y 0 42 y /04/2010 sell y y y y /04/2010 sell y y y 0 46 y Week Profit /04/2010 buy y y y y /04/2010 sell y y y n /04/2010 buy y y y n /04/2010 sell y y y y

52 23/04/2010 sell y y y y Week Profit /04/2010 sell y y y y /04/2010 sell y y y y /04/2010 sell y y y y /04/2010 sell y y y 30 na 12 n /04/2010 buy y y y y Week Profit /05/2010 sell y y y y /05/2010 sell y y y y /05/2010 buy y y y y /05/2010 sell y y y y /05/2010 nt nt nt nt nt nt nt nt Week Profit /05/2010 buy y y y 30 5 n /05/2010 sell y y y y /05/2010 buy y y y y /05/2010 buy y y y y /05/2010 nt nt nt nt nt nt nt nt Week Profit /05/2010 buy y y y y /05/2010 buy y y y y /05/2010 sell y y y y /05/2010 nt nt nt nt nt nt nt nt 21/05/2010 sell y y y y Week Profit /05/2010 buy y y y y /05/2010 sell y y y y /05/2010 buy y y y y /05/2010 buy y y y y /05/2010 buy y y y y Week Profit /05/2010 buy y y y y /06/2010 nt nt nt nt nt nt nt nt 02/06/2010 sell y y y y /06/2010 buy y y y n /06/2010 buy y y y y Week Profit /06/2010 nt nt nt nt nt nt nt nt 52

53 08/06/2010 buy y y y n /06/2010 buy y y y y /06/2010 sell y y y n /06/2010 buy y y y y Week Profit /06/2010 buy y y y y /06/2010 sell y y y y /06/2010 sell y y y y /06/2010 buy y y y n /06/2010 buy y y y y Week Profit /06/2010 buy y y y y /06/2010 sell y y y n /06/2010 sell y y y n /06/2010 nt y y y y /06/2010 buy y y y n Week Profit /06/2010 sell y y y y /06/2010 sell y y y y /06/2010 sell y y y y /07/2010 sell y y y y /07/2010 nt nt nt nt nt nt nt nt Week Profit /07/2010 sell y y y y /07/2010 buy y y y y /07/2010 sell y y y y /07/2010 buy y y y y /07/2010 buy y y y y Week Profit /07/2010 sell y y y y /07/2010 sell y y y y /07/2010 sell y y y 40 na 20 y /07/2010 buy y y y y /07/2010 sell y y y 32 na 13 n Week Profit /07/2010 sell y y y y /07/2010 buy y y y y /07/2010 buy y y y y /07/2010 sell y y y y /07/2010 buy y y y 30 na 25 y

54 Week Profit /07/2010 buy y y y y /07/2010 sell y y y y /07/2010 buy y y y 30 na 15 n /07/2010 buy y y y y /07/2010 buy y y y y As stated in the original method, the aggressive plan should only be used if sticking to 1 trade a day and you should be very careful to stick to the rules and reduce stakes when needed. The 5% a day is best to trade, profits can start increasing fast once up and running if using 1 trade a day I recommend the 5% trading plan. It will be slow to start with but if you have a long term approach nice profits can be obtained. 54

55 Advanced trading techniques with Boss 2 (Intra day) The great thing about BOSS 2 is that it can be used to great effect intra day trading. You can take more than 1 trade a day as you will keep getting signals and the best thing is if there are any big moves in the day you will guarantee you will be involved in it. I recommend starting at either 6am or 7am and finishing trading at 3pm for intra day trading 55

56 There are 2 ways you can trade Boss 2 The first is a favourite as you will always catch the big move of the day (if there is one). First things first you must work out what is the most you are willing to lose if your trading day is unsuccessful. Let s say you start with a bank of 3000 for intra day trading the most I would want to lose would be 5%. So 5% of 3000 is 150 next you want to decide the max number of losing trades you would take in a row, Lets say we would take 3 losing trades then stop for the day (it would mean a choppy day anyway) 56

57 Keeping our SL at 30pips per trade max. 3x 30=90pips so 150 divided by 90 gives So we will call this 1.66 per pip. You can play as safe as risking 1% per trade if you have larger accounts. Then you have the option of having up to 5 trades a day but most days you will not require this many to hit a reasonable profit target. Next we want to keep a profit target in mind let s say 50 pips. We know before we start trading we cannot lose more than 5% of our bank and our target is 50pips 57

58 minimum and we can make more than this if the trade holds. We then enter a trade with the boss 2 criteria and we exit when we get a full reverse signal (I will show examples in the next chapter) This way we have 2 choices we can take the 50pip target as soon as we get it, if it happens on the first trade or we may get out of the first trade with a 20pip profit if this is when the signal changes, then immediately enter the fully qualified trade in the other direction and hold most days sooner or later you will catch the big move of the day then you can come out at your profit target or wait for a full reversal. 58

59 This means you could net pips before getting the signal to come out of the trade. And you still have the option to reenter as if you have bagged say 80pips you can then risk 30pips for more if it loses you still have your 50pip target if it wins you have had a 100pip plus day! I will show some examples in the next chapter which will show this. The above method can be extremely profitable but it is more advanced for people who have been trading a little longer as decisions will have to be made quicker by all means watch the charts and perhaps trade with a demo account while you get the 59

60 hang of these more advanced trading techniques. Secondly you can trade for multiple scalping opportunities. IE set your target at 20pips and enter as with the first trade method but then wait for your next signal and enter another trade for 20 pips. Have a profit target in mind and keep the stop ratio the same for instance if you have a profit target of 60 pips you will need to allow 90 pips as your stop loss 3x30 for your stops losses and 3 x 20 for your profit target. 60

61 If your target was 40 your pips you will be risking would be 60pips (2x30pips) Now to work out how much you want to risk if you have a bank of 3,000 you don t want to risk more than 5% total 5% off 3,000 = 150 If you aim for 40pips per day:- (SL)=60 so 150 divided by 60= 2.50 You would risk 2.50 per pip knowing your daily profit would be 100 and the max you can lose would be 150. If you aim for 60pips a day (SL)=90 so 150 divided by 90=

62 You would risk 1.66 per trade with a daily profit of And the max you could lose would still be (just less than 5%) 62

63 Advanced Trading examples I will start the trades at 7 am it will show how getting out then back into a trade can be very profitable 23 July 10 Above shows the first trade entry point at

64 If following the full intra day method correctly you would off got out at with a profit of around 130pips the next trade would of easily been able to net another 50 pips giving you a total of around 180 pips at 3pm. 64

65 This was a particularly good day but it shows you how boss 2 can keep you in the markets for the big gains. Here is a choppier day which still could have netted a 50pip target or 40 pips following every trade till a close point, if using the scalp method here 60pips were available. 65

66 1. First trade of the day buy ep Max available 40pips 3. Sell trade qualified ep pips profit first trade 4. Max available 20pips 5. Buy qualified ep pips profit 6. All indicators but bar not broken 7. Max available 52pips 8. Sell ep pips profit from buy trade. As you can see the intra day method can be extremely profitable making up to 1000pips some months. Using the trade indicator to get you in and out of trades you can be sure 66

67 to get into all big moves of the day sometimes the up and the down! The above examples could both of comfortably used 30pip stop losses with a 60 pip max loss for the day at 5% =2.50 per pip letting the trades run on the first example 180x 2.50= % profit 40x 2.50= % profit You can see how relatively small risk of 5% max for the day can bring modest to excellent profits. I advise you to look back over the charts to get a feel for the amount of pips you can gain daily intra day trading. 67

68 Overview Well I hope you are very impressed with the new BOSS 2 method which I m sure you will agree is head and shoulders above the original method. If you have commitments in the day you can use the single trade profit multiplier for steady gains. Or you could use the intra day method for massive monthly gains, Either way I d recommend you keep an eye on how well the intra day method will do. I hope you will be very happy with this new method and it should make us all plenty of pips in the future. 68

69 The updates will be available by Sunday every week. As long as you are an active member you will receive these weekly updates and any further improvements to Boss in the future. You can contact me at Thanks for purchasing, Lee. 69

70 Disclaimer Financial Spread Bets are a leveraged product and therefore may not be suitable for all investors. Financial Spread Bets carry a high degree of risk to your capital and it is possible to lose more than your initial investment or credit allocation as well as any variation margin that you may be required to deposit from time to time. You should only speculate with money that you can afford to lose. Please ensure that you fully understand the risks involved and seek independent advice if necessary and prior to entering into such transactions as neither myself or LPS Publishing will be held responsible for any financial losses that you might encounter through any carelessness. The strategies, general information and opinions contained in this manual are that of the author and should not in any way be viewed as investment advice. They represent the author s personal trading experiences and are subject to change without prior notice. Past results are no guarantee as to future performance. The information contained in this manual does not constitute any recommendation to order, trade, buy or sell the financial markets in any way. Neither the author nor publisher accepts any responsibility for any investment decisions made by any reader or user of this manual. 70

71 B.O.S.S (Break Out Scalping Strategy) Trading Method 71

72 Sections Contents 1. Introduction 2. Why Trade Forex? 3. Very Important Rules And Advice 4. Which Spread Betting Company? 5. How To Open An Account With IG Index 6. Getting Started 7. The BOSS Trading Method Explained 8. Why This Method Works 9. Real Results from How to Stake For Amazing Results 11. Results with staking Plan 12. New Chapter Advance settings and 2010 results 13. How To Use Your 2 results trackers 14. Conclusion 15. Contact Details And Help 16. Disclaimer 72

73 Introduction Congratulations on purchasing my Boss trading method and taking your first step towards financial freedom. What you are about to learn is a method I have found to be profitable trading the Forex markets first thing in the morning Monday-Friday which only takes 10 minutes to set up in the morning so you are free to get on with the rest of your day. Then most days when you get home you ll see a nice extra income has been made in your account. This method has been extremely consistent for me and has been a very simple extra income which you too will now have the chance to learn and prosper from. After analysing my past results I have utilised the consistency the Boss trading method generates and put together a simple trading plan/staking plan which generates massive growth in a short time which truly can help to make you financially free within a year. 73

74 32,400 Tax Free In 2009! Not bad for just 10 minutes in front of your computer on weekday mornings! This is the actual figure for the whole of 2009 results staking just 10 per pip (don t worry about pips and staking amounts just yet) that s more than a lot of people earn in a year in their own full time jobs so imagine earning this amount as an extra supplement for 10 minutes work a day! But it could be better... How About Earning Over 1 Million! With the same starting stake of just 10 but implementing my trading plan the same starting account would grown to 1,598,100! And that was after capping at 1000 per pip before the end of the year! Ok I know in reality we would have been taking money out by this crazy stage but I am just trying to show the power of using a staking plan to get to where you want to be quicker. 74

75 Getting up to just 100 per pip and stopping there would see you averaging 20,000 a month, I think that is enough for most people to give up the day job! Also the BOSS trading method still only takes 10 minutes a day to set up, so that leaves you all day to spend your new found wealth! And best of all you really don t have to be clever to use this method, I have purposely designed it so once you know the set up its very easy, every single morning (I have successfully taught my little brother how to use BOSS in no time at all) The Chart set up is simple and the morning routine will be the same every weekday so you will be up and running in no time. In this manual I will show you a little on why we should trade the forex, what a spread betting company is and how you set up an account with the preferred company I use, how to set up the free charts and then finally to explain the method in detail including my trading strategy. Also I will show you how to use the 2 types of tracking tools to track your own results. I ll also give 75

76 you my contact info should you need any further help. This manual is written as if it were being read by someone who has never tried trading the forex before. But I would recommend even if you have your own trading account and have knowledge already about trading the forex markets that you take the time to read this manual through in its entirety (apart from opening an account with IG Index section, if you already have one) as this will help to understand this method in its fullest. I have tried to make this manual as simple to understand and as easy to read so anyone can get started making money as soon as possible. Some things in life are a lot easier if you can gain the help of someone who has already made their mistakes. So this is where I d like to give you a genuine helping hand. I would love to have my next from you telling me how much money you have made. So without further ado let s get started on how to make some life changing profits on the forex markets! 76

77 Why Trade Forex? The Forex Exchange was established in It then grew steadily through the rest of the 70 s, but during the 80 s the forex went from trading $70 billion per day to over $1.5 Trillion! Now today the Forex exchange turns over in excess of $3 trillion a day, that s a lot of money being traded everyday! When I first found these facts out it made a lot of sense to me if I want extra money why not dip into this pool every day, there s more than enough! Thanks to spread betting companies it is now within everyone s reach to be able to trade the forex with relatively low stakes or very large stakes. Here are some other very good reasons to trade forex- 1. It is free from Tax at present so if you make 300 in a day the 300 is all yours to keep! 77

78 2. All you need is an internet connection, pc or laptop and your ready to start 3. No special skills required, if you re using a proven method such as BOSS it is very easy for anyone to learn 4. You have the power to make as much money as you want as long as you progress with money you have already made (as I will show you) 5. No commuting, get up make a cup of tea and head for the PC that s it! 6. No Boss or annoying colleagues, you are your own boss 7. Trades can now be set up and left to open automatically so you will have a lot more time and freedom 8. Trading is repeatable so with the right trading strategy profits can continually be made So there we go I think that s more than enough reasons to see that we are on the right track to start making money! 78

79 Very Important Rules And Advice Before I go onto opening spread betting accounts and using the BOSS system, there are some very important rules and advice I d like to give to all traders whether you are completely new to trading or have traded in the past this advice should be taken very seriously and not ignored! Please learn from my mistakes as I have made most of these and it has cost me money and slowed my progress (substantially) in the past. 1. Please use a completely separate bank to trade the BOSS method. When I first started using this method I was already trading 2 or 3 other methods and because off the higher strike rate with BOSS, using the other methods with the same bank repeatedly set me back until I finally learnt! The whole point in the staking method and consistency of BOSS is what gives rapid gains, by all means trade other successful 79

80 methods but have a separate account or if you only have and want one account use the record sheets to keep BOSS trades separate and that is trading with a completely separate starting bank i.e. if you re going to put 3k into BOSS that 3k is used for BOSS trades and only BOSS trades! Believe me when you lose extra money in your account then you see you could have grown it by over 30% in a week you are extremely annoyed so don t do it! 2. Never ever chase loses, this is an obvious one for any trading method but is very important none the less, remember losing weeks are rare with BOSS but we will inevitably get one now and again just let the method do its work and they will be recovered in no time, DO NOT raise your stake after a losing day, you could turn a small losing week to a devastatingly big losing week and set yourself back a month or more rather than that little old week! 3. Do not trade more than the 2 advised trades you will set up every morning, when you have been using BOSS for a while and understand it you will see when you get a false break out and 80

81 your trade loses, quite often the next time it breaks this point it will be a winning trade. The only problem with this is if you get a couple of choppy mornings i.e. the bars are very up and down (don t worry if you don t understand this yet) you can hit 4 losing trades in a day rather than the 2 you may get and this just isn t worth the risk hence I disregarded the idea myself. 4. Do not be tempted to jump into a trade before the advised time, sometimes when you re setting up your chart and opening your trade tickets the market will start moving to a higher/ lower point this can make you get in the trade early for a couple extra pips only to find at 7am it would not have been a qualifier and you could get an extra loser which you should not of entered. 5. Do not tamper with BOSS trades once the order to open has been triggered, if you do not work some weekdays or all weekdays and you watch the live charts do not be tempted to change the profit target for the trade, quite often BOSS trades go on to make 50 or even a 81

82 100pips but with the method even if your an advanced trader I recommend you stick to the scalp target, it all helps with the consistency of the method and after all small consistent gains can rapidly turn into larger gains! 6. Stick to all the above! Seriously if you have a little patience and can set the BOSS trades up in the morning then leave them alone and forget about them until the evening you can make money on auto pilot and you won t have to beat yourself up for making the above mistakes as I did! 82

83 Which Spread Betting Company? A spread betting company is what you will need to easily get your daily trades on there are now quite a few spread betting companies on the market But I would recommend you use IGindex.co.uk for BOSS as it has all the features we require and they are the largest and most established spread betting company at present. I don t gain anything by recommending them I just find them very easy to use, all the BOSS trades can be set up quickly and the charts are quick to navigate in the mornings. Also if you are new to forex they offer a program called trade sense that helps you learn more about the markets and also lets you start from as little as 10p per pip rather than the normal 50p minimum which can be very helpful for someone trying the markets for the first time, you can use real money and still risk less than 5 per trade. I believe trading with real money is more beneficial than trading with one of the free demo accounts you so often see. 83

84 Opening An Account With IGIndex It can seem daunting opening a spread betting account but really it s not hard at all. Here I will give you a brief overview of how to open an account with IG Index just a quick step by step process if you are new to spread betting. 1. Log into the website 2. Click the red apply online button on the right hand side 3. Click the red start application on the right hand side 4. Enter your personal details as requested 5. Enter your address as requested 6. Choose the account type Personally I have a plus account, you can choose a limited risk account if you are of a more cautious nature, which is fine, but you will have to allow for this when you place your trade, which will give you slightly less profit. I will leave this up to yourself, what I will say is over the past year I have only had 1 trade which went further into loss than my stop loss when trading BOSS. 84

85 7. If you are a complete newbie to trading I recommend you also click the button under the account type to take part in the free trade sense course, which will help you understand trading more and allow you to start with very small pip sizes. 8. Next you will be asked to submit your relevant trading experience, investment knowledge, and your financial details and employment status. Don t worry about this if you have never traded just be honest, also you may get a warning that a plus account may not be for yourself based up on your information this is just for legal reasons if you are on a lower annual income. 9. You then have a declaration to electronically sign 10. Hit the finish button and you will get the message your account is being created As I said this is just a quick over look at opening an IG account if you have any problems or questions you can contact me or if it is solely an IG problem their own help desk is which is open 8am-9pm. 85

86 Getting Started Ok so now we have our IG Index account set up now it is time to learn the morning ritual this is what you will be doing every morning before 7am, I would recommend when you start aim to be at your pc/laptop by 6.45am Just as you are getting used to the set up but after a week or 2, 6.50am is fine. Firstly log into your IGIndex account, when you are logged in you will look for the GBP/USD it is always on the first page on popular markets:- 86

87 But I recommend you do the following so you don t accidentally open the wrong pr chart. Left click on the open symbol to the left of the period column and click add to watch list:- Then when you click my watch list here:- You will have the required pr and there can be no mix ups. 87

88 Ok so we have the GBP/USD the pr we are going to be using BOSS with, now you need to click this icon This will give us the quick chart. There is an option for advanced charts but we will not need these, for BOSS trades, quick charts are fine for what we will be doing. Firstly we need to make the chart set up easy to read to use the BOSS method we need to click on the settings tab here:- 88

89 Then we will uncheck any boxes normally just the ma is already checked then change the open option to candlestick:- 89

90 You will then look more like this picture, next we need to change the time here to 5mins not 1mins Also zoom in with the magnify icon once or twice to make the chart easier to see. Now we don t want to do this every day if you click this icon you can save the chart as BOSS and you will be able to open every morning here if you push the same icon then select BOSS. See Over. 90

91 If you notice at the bottom of the chart this is the live time and going up on the right is the live price, if you look back to the left this is where the price has previously traded the green bars are where there has been buying and the red bars are where there has been selling. 91

92 We are looking for the midnight price on the morning we will be opening our trade so we should adjust the chart like this to have the chart ready to trade BOSS. Now we have the chart ready we will open our first trade ticket. 92

93 You click this icon here; This is the order to open ticket so we will not need to be at our pc for a trade to get opened. This is how we first set up BOSS in the morning so now let s talk about how to trade the BOSS method. 93

94 The BOSS Trading Method Explained Ok so now let s get down to the nitty gritty of how we will actually start making money with BOSS! Right once we have our BOSS chart set up, we are going to click on this tool, which will give us a horizontal line we can move up and down on our chart. As shown:- Now we look where the price has traded from midnight to the current time (which should be just 94

95 before 7am) we will look at the highest price the bars have gone up too, by bringing the line up to the highest bar level we now make a note where the highest point the pound/dollar has traded since midnight to present. note: - if you put your curser over the bar it will tell you the highest point the bar has traded too exactly, this can be easier than trying to read. Be sure you are only marking up from midnight; this will be the dark vertical line with the date at the bottom. Putting your curser over the highest bar looking for the price:- As you can see the highest point I had on this morning s chart is

96 Now we are going to do the same with the lowest bar since midnight make a note of this also, this low is :- Next we are going to add 5 to our highest point; this will be the last digit before the decimal point. With the decimal point at.4 and under we will round down and.5 and over we will round up, so the high I will make note of is We then do the opposite with the lowest point, so my low for today will be (remember the decimal points are reversed on the low so.6 and under we round down and.7 and over round up) we get rid of the decimal because it is quicker and easier to write out the trade ticket. So we now have our 2 points on our chart. Next we will raise the line to our high which we can read from the 96

97 text box on the right, then left click this will leave a copy of this line, We then repeat the process with the low price we have written down and we will have our chart looking like so:- Note: - It can be really tricky getting the horizontal line to stop on a round number just zoom in and it s much easier but then don t forget to zoom out again! 97

98 Now we go to our order to open trade ticket, in your IGIndex account and first input the number which the live bar at present is nearest in this case the high. We write in the high number of and then in the limit box we write 30 and 30 also in the stop loss box like this:- Make sure it has BUY in the box for your top order or sell for your bottom order as this is our green buy trade. We select buy and hit submit. The box will disappear then we click the same icon and do the same trade for the sell which will be with 98

99 a 30 limit and 30 stop like so:- Then we hit the submit button. Now if we click on working orders we will see our 2 trades waiting to be opened. 99

100 I strongly recommend, especially when you are first starting out, you look at your chart and figures and double check these numbers to make sure you have set these 2 trades up properly. And that is it our work in the morning is done! I told you it was quick and simple! After a while you will be able to do this whole process quickly but make sure you are awake and get these figures right! When you finish work or come back to check your trades I normally do this 5pm you should of had at least 1 trade opened and possibly 2 trades that have been taken, look at the chart that you have set up and see where your lines have been broken in this case both our buy trade and our sell trade was successful. As we can see over the next page on the BOSS chart 100

101 So that is how the BOSS method is operated, there are a few other points to mention here are some FAQ s 1. What if when setting up in the morning just as 7am is approaching the chart is in the process of breaking a high/low? No problem we just wait till the 7am bar is complete and hit our trade 5 pips away, in this case I would use a live order ticket instead of an order to open and watch 101

102 for the live price to hit the line then push buy/sell depending on which direction the market is moving. 2. What happens if I get home from work at 5-6pm and I have a trade open but not finished? This is of personal preference I find around this time the markets are a lot quieter so I would take any profit, if in profit or around breakeven, but if showing a loss depending on the size of the loss and if you have had a trade win already for instance:- if you had a high break out earlier and made 30 pips then you get back and have a trade -10pips I d be inclined to close it as you have still made 20pips for the day, but as I say that is 102

103 personal preference, if you let the trades run in the long term it wouldn t affect you much either way. 3. I ve had 2-3 days and made some losses should I increase the stake to get back my losses? After all, the strike rate with the BOSS method shows there has never been more than 3 losing days? No No No No! I strongly recommend you don t do that as we have already said by the next week you should have made all profits and more back without increasing the stakes as you will learn in the next chapter we only increase when our account is growing. 103

104 Why BOSS Works This method of trading works because we are leaving trades in an area either just above or just below high resistance areas, so to actually push through often needs big weights of money being traded IE the big banks and pension funds. A lot of the time will go much further into profit than the 30 pips we are looking for, which we can also trade as I will show you later, but personally I always go for 30 pips. Of course there will be times when the resistance areas just get touched but don t push right through these like any other method will be losing trades for us, but what we are looking for with BOSS is a consistency in our winning, and of course a higher win to lose ratio which happens every month, if we stick to these rules, as you will see in the next couple of chapters we will not have many losing weeks and no losing months (as in 2009) we will use this consistency with our staking plan to really capitalise on this. 104

105 Real Results From 2009 Jan-Dec On The next page you will see the full results obtained by the BOSS trading method during the whole of How to read the chart:- I have only entered weekday dates as we only trade Monday to Friday The week total is always the Monday to Friday total Some months start in the middle of the week obviously, so the month totals finish on the last weekday of the month (hence why they differ from adding the weeks up) All the red cells are either unsuccessful days or unsuccessful weeks There are no unsuccessful months The * marks on the side are the weeks I don t personally trade which is just Easter and Christmas I left the results in for reference but I will advice you by when I personally stop/start trading BOSS. 105

106 Date week start to finish Mon Tue Wed Thurs Fri Week Total Month Total 5th-9th Jan th-16th Jan th-23rd Jan th-30th Jan nd-6th Feb th-13th Feb th-20th Feb rd-27th Feb nd-6th Mar th-13th Mar th-20th Mar rd-27th Mar th Mar- 3rd Apr 30 NT th-10th Apr 0 0 NT 0 NT * 13th-17th Apr * 20th-24th Apr th Apr-1st May th-8th May th-15th May th-22nd May th-29th May st-5th Jun th-12th Jun th-19th Jun nd-26th Jun th Jun-3rd Jul th-10th Jul th-17th Jul th-24th Jul th-31st Jul rd-7th Aug th-14th Aug th-21st Aug th-28th Aug st Aug-4th Sep th-11th Sep th-18th Sep st-25th Sep thSep-2nd Oct th-9th Oct th-16th Oct th-23rd Oct th-30th Oct Total 106

107 2nd-6th Nov th-13th Nov th-20th Nov rd-27th Nov th Nov-4th Dec th-11th Dec th-18th Dec NT st-25th Dec NT * 28th-31st Dec NT * As you can see out off the 52 weeks of the year only 8 were unsuccessful ( which 1 was Christmas so we wouldn t of traded anyway!) so that s a nice total off 3,240 pips not bad for 10 minutes work a day huh?! It s worth noting also that if you had started trading from the first week of Jan, with the recommended bank of 3,000, after being 30pips down the first week your account would have never been below the 3,000 for the rest of the year! By the way if you would prefer to trade the same amount on your trades as I first did, I used 300 times my pip value i.e. myself I had 3,000 for 10 a pip I find 10% risk ok with BOSS because of the consistency factor, I know most traders don t go above 5%, so if 5% is for you I have included these 107

108 in the charts below also. But I did start with 300 x pip amount personally. Investment plan 10% = 10x unsuccessful trades 5%=20x unsuccessful trades 10% 5% 3000 at 10 per pip at 15 per pip at 20 per pip at 25 per pip at 30 per pip at 35 per pip at 40 per pip at 45 per pip at 50 per pip 30,000 30,000 at 100 per pip 60,000 60,000 at 200 per pip 120, ,000 at 500 per pip 300, ,000 at 1000 per pip 600,

109 How To Stake For Amazing Results After looking at different ways to stake BOSS, I found out that because of the consistent number of winning weeks a relatively small account can grow very quickly. This is the way I recommend you trade BOSS I also think it is best and most beneficial if whatever bank you decide to put away for your BOSS trading, make sure this is money you will not require or need for anything else, you want to leave this money to trade with BOSS solely, set a target of a point value you wish to get to maybe 50 or 100 a pip, then let the account grow until you hit these pip sizes. Once you get to your initial goal per pip size you can try taking 50% off the profits each month and letting the rest build again though this is of personal preference. Below you will find a chart which is handy to print off and keep near where you will be trading 109

110 So these are the figures we need, we have the aggressive staking method of 10% per trade or the safer option of 5% per trade. 10% = 10x trades 5%=20x trades 1500 at 5 per pip at 10 per pip at 15 per pip at 20 per pip at 25 per pip at 30 per pip at 35 per pip at 40 per pip at 45 per pip at 50 per pip 30,000 30,000 at 100 per pip 60,000 60,000 at 200 per pip 120, ,000 at 500 per pip 300, ,000 at 1000 per pip 600,

111 Of course you can start with much smaller accounts just divide the top numbers by 10 the smallest pip size is 50p with IG Index (after your trade sense program) so the minimum amount your account would need would be 150, which can still grow large in 1 year. I suggest you take the latter page out and put that somewhere near where you will be trading for reference. Obviously each time we hit 1 of the next targets we will increase the pip size, but not on a day to day basis, we will adjust on a week by week basis, what I mean by this is if you started Monday with your 3,000 account and we had a good start to the week and made 60pips, 30pips and another 60 pips on Wednesday, we would then have our account up to 4500 which is enough for 15 per pip with the aggressive staking method but I do not change the pip value until the start of the next full week, so we will look at how much is in the account and adjust our pip size accordingly after Friday ready for Monday. The same if we are unsuccessful the most BOSS has been down in a single week is -90 pips so if we were unlucky enough for this to be our first week by the end 111

112 of it we would be at 2100, then next Monday we would start at 5 per pip until we got above 3000 after Fridays trade then we could start at 10 again this does keep the account safe and although we may have slight setbacks, when you hit the good weeks your account can grow very quickly. Depending on how much of a risk you like to take there is a couple of things you can do 1. Start with using 5% until you double your bank then either trade the whole bank at 10% and only drop back to 5% if you are unlucky enough to get back to your original stake (which is unlikely) 2. Start trading at 5% until you double your starting bank then take out your original investment and trade the new starting bank at 10% you are no longer risking your own hard earned cash! 3. Trade 10% and as soon as you double your bank take out your initial investment and carry on trading 10% (this is relying on you starting on a good week but the odds are in your favour ) 4. And of course you can start with either 5% or 10% and just stay with the amount you choose until you hit your goal 112

113 Results With Staking Plan Now we will see how different the results can be if you tie in the advised staking plan, which is why I believe it would be best to look at BOSS as a 6-12month investment, because by the end of the year your original investment could be considerably larger! On the next pages I will show you the staking method explained with a starting account of 3,000 the 5% staking and then the 10% more aggresive staking method. The results with the more aggressive staking plan I have capped at 1000 per pip, I know this would be a huge amount per pip to try and get on, but I have put this up to illastrate the power that can be achieved, if you keep the BOSS trades going over the full year. 113

114 How to read the chart:- All the dates are again in weeks, we have the 5% trades to the left and the more aggressive 10% trades on the right. The stake change means what the stake would change to at the end of each week (so what you would trade per pip from Monday to Friday the following week.) Date week start to finish 5th-9th Jan 12th- 16th Jan 19th- 23rd Jan 26th- 30th Jan 2nd-6th Feb 9th-13th Feb 16th- 20th Feb 23rd- 27th Feb 2nd-6th Mar Week Total pips made 3000 starting with 5% 5% week Stake /Change 3000 starting with 10% 10% week stake /change -30 2, , , , , , , , , , , , , , , , , ,

115 9th-13th Mar 16th- 20th Mar 23rd- 27th Mar 30th Mar- 3rd Apr 6th-10th Apr 13th- 17th Apr 20th- 24th Apr 27th Apr-1st May 4th-8th May 11th- 15th May 18th- 22nd May 25th- 29th May 1st-5th Jun 8th-12th Jun 30 7, , , , , , , , , , , , , , , , , , , , , , , , , , , ,

116 15th , , th Jun 22nd , , th Jun 29th , , Jun-3rd Jul 6th-10th 0 20, , Jul 13th- 17th Jul , , th , , , th Jul 27th , , , st Jul 3rd-7th , , , Aug 10th , , , th Aug 17th , , , st Aug 24th- 0 44, , , th Aug 31st 30 46, , , Aug-4th Sep 7th-11th 60 51, , , Sep 14th- 18th Sep 90 59, , , st , , , th Sep 28thSep , , ,

117 2nd Oct 5th-9th Oct 12th- 16th Oct 19th- 23rd Oct 26th- 30th Oct 2nd-6th Nov 9th-13th Nov 16th- 20th Nov 23rd- 27th Nov 30th Nov-4th Dec 7th-11th Dec 14th- 18th Dec 21st- 25th Dec 28th- 31st Dec , , , , , , , ,028, , , ,088, , , ,148, , , ,328, , , ,328, , , ,478, , , ,568, , , ,568, , , ,598, , , ,508, , , ,538, ,

118 As you can see by the end of the year, whichever trading style you decided to use you would be massively in profit. The results have been given with the recommended bank off 3,000 but even with just 300 and trading the aggressive method starting at just 1 per pip you would be well over 100,000 at the end of the year so there would be no need to put more than you can afford in your account to trade BOSS. 118

119 Advance Settings with Results This is a new section I have added for 2010, as I said I am constantly looking at other ways to Make BOSS more profitable. In this section I have tried the following:- 1. Starting trades with a 30limit/30 stop loss after 8am 2. Using a 30 pip trailing stop from 7am with a 30 limit 3. Using a 30 pip trailing stop from 8am with a 30 limit 4. Using a 30 pip trailing stop with a 50 pip limit from 7am 5. Using a 30 pip trailing stop with a 50 pip limit from 8am 6. Using a 30 pip stop with a 50 pip limit from 7am This is purely to show what I have researched; I would still recommend using the original settings to start with as these have always been most profitable and consistent. 119

120 As you can see from the spreadsheet below the 30 pip 30 stop loss has performed best. With the 50 pip limit and 30 pip stop loss second. I think in the long run this could be a very profitable way to trade BOSS capitalising on the big moves, a good week could bring in plenty of pips. I would not recommend using the more aggressive staking plan though as the consistency would not be so high, if you do consider trying for the 50 pips, 5% is the most I would risk per trade. To understand the spreadsheet from left to right the columns are:- 1. Date 2. The max number of pips available on the buy trade 3. The max loss before turning to profit for the buy trade (if na is shown the loss has gone far past the 30pip stop loss) 4. The max number of pips available on the sell trade 5. The max loss before turn of the sell trade 6. Total pips with a 30pip stop loss/limit (standard setting) 7. Total pips if trading from 8am 8. 30pip limit with a 30 pip trailing stop from 7am 120

121 9. 30pip limit with a 30 pip trailing stop from 8am pip limit with a 30 pip trailing stop from 7am pip limit with a 30 pip trailing stop from 8am pip limit with a 30 pip stop loss from 7am As I said this is purely to show what I have been working on, at first I thought the 30 pip stop loss would save us some pips on the trades that don t quite hit the limit before re-tracing but it seems in the long run it will cost winning trades as well. Date High mlb4t low mlb4t Total 30/30 7am start Total 30/30 8am start 30ts 7am 30 ts 8am 50ts 7am 50ts 8am total 7am 50/30 4/1/ na /1/10 x x /1/ x x /1/10 x x /1/ x x Week Total /1/ x x /1/ x x /1/ x x /1/ x x /1/10 x x Week Total

122 18/1/ x x /1/10 23 na 21 na /1/10 x x 23 na /1/10 x x /1/ Week Total /1/ x x /1/10 x x /1/ x x /1/ /1/10 14 na Week Total Month Total /2/10 x x /2/ na /2/ /2/10 x x /2/10 x x Week Total /2/ x x /2/10 1 na 1 na /2/ na /2/ /2/ Week Total /2/ na /2/10 7 na 21 na /2/10 20 na 22 na /2/10 x x /2/10 x x Week Total /2/ x x /2/ /2/10 8 na 5 na /2/10 x x /2/10 23 na Week Total Month Total /3/10 x x /3/ x x /3/ x x /3/ /3/ na

123 Week Total /3/10 2 na /3/10 x x /3/10 x x /3/ x x /3/ na Week Total Total so far As we can see the standard settings has made the most profit but I think the end column of 50limit with a 30 stop loss is worth keeping an eye on! Please don t let any of this confuse you, when you start out stick exactly to the recommended settings, I just thought I d share more brain storming with you. Any other good settings I find in the future you will receive in an all updates will be free for original Boss method purchasers. 123

124 How To Use Your Tracking Tools The first Tool Is the simple table I made to enter your results in, this is for people who would prefer to print a couple sheets out, and then just fill it in with a pen every night which is what I always used to do! From the left I will explain each column 1. Date:- This will be the weekday date no need to write in weekend dates just skip those 2, only weekdays are needed 2. B.O High: - that s break out (not what B.O is normally short for!) write here the total amount of pips that went above the high line you marked on your chart 3. MLB4T:- That is short for max loss before turn, I like to know how much of a loss the trade went into before winning 4. Result:- If you are trading the recommended 30pip stop/limit you put either +30 or -30 here 124

125 And 8 are the same but for the short trade and the weekly stake should only change on Mondays and the last column is your own running total. Date B.O HIGH max pips MLB4T Result B.O LOW max pips MLB4T MAX PIPS TOTAL weekly stake running total 125

126 Now I will show you how to use the forex trading account excel sheet to keep track of your trades. I like to use this; it was designed by a friend of mine who agreed to let me share it. It is very straight forward. 126