Posting here a setup created by FxIgor on many other forums. This is a setup for new people to forex or those who need a little help. It in no way will pick tops and bottoms and make thousands of pips. It is very easy to understand and if you follow the rules and are patient, will make you pips. Igor had a 5 day audio class last week and provided more than 30+ hours of FREE explanation of the setup, about trading and pretty much everything and anything relating to trading forex. Below you will find his original posts, the template needed for metatrader 4 and also the audio files for each class day. Igor will be helping everyone again Monday so I strongly suggest everyone who wants to join please listen to the tsr-basics.wma audio file first as it will explain the setup and how to use it. If you want to join us, come talk Paltalk on Monday 8am CET and do a search for TSR (TSR Trend Slope Retracement chatroom) as Igor will be there answering questions. Make sure you listen to the basic audio file first BEFORE coming and asking questions.

This is the original post from FxIgor
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Hi Everyone,

Most of the people don't have a clue what price is realy doing. They see a price or a line or a bar going up and down without understanding what price is realy doing. They see ,after the facts, that price was consolidating or it was trending. They don't know when or how to stay away from some pairs or from certain market conditions.
They have their favorit pairs and in the morning they take place in front of their pc they spit in their hands and say "Lets trade" without looking or knowing if their pair is in a condition to trade.
A lot of people have the tendency to react on every move. They don't see that some down moves are only a retracement in an up going market or the opposite that some up move is only some retracement in a down going market.
Most of the people who are looking for a system want something that could bring them as soon as possible in the market when a trend would pick up but then they forget that in a sideways market they gonna get a lot of false signals.
Most of the people look to their charts at the end of the day and they see that it was going up and then down and then up again and they wished that they could have something that could help them in taking all of these moves. But that is not how it works.
A lot of people jump in a positions and as soon if they are in the market, price starts to turn against them and they don't have any clue why that is.
Also a lot of people jump in the market whitout a stoploss that is based on logics. Meaning that they have for example a 20pip stoploss. But they use that stoploss on every pair ( a 20pip move against you on eur/chf is far bigger then on cable--maybe for some of you the value is the same but in potential move it is completaly different).
How many of you did not enter in the market, price goes against you, you take your stoploss and after you took it price goes the correct way and you don't get the set up to enter the market emmidiatly again.

If you have the feeling that one of those arguments is based on your trading or the way that you deal with the market and its conditions, then this system (method) will realy help you. It will help you on EACH of the points that I mensioned above.
This system will help you to understand the markets, the price action were to get in and were to get out if price goes against you and that based on true logic market conditions. It will learn you how the market is behaving. It will show were you better stay on the side line. And it will show the realy perfect entrys. You will get a feel of what a good reward/risk trade. You will see and know what the risk will be toworths a potential profit.
I promice you that this is a system(method) ,even if you abandon it, that now and then you will have a look at it to have a better vieuw on some market conditions.

Before we go any further lets understand eachother well. I am not interrested to teach people who have strong believe that they can trade for a living out of a 1-2000$ account. People who believe that they can make 100% profit in 1 month are using a leverage, if things go the wrong way they can loos the same amount of money over the same period. And I call that gambling. It has nothing to do with beeing a real trader. A real trader is very happy if he can make a 50% profit over a 1 year period. So I don't want any questions about wich leverage one should use or how much profit he could make on a montly base. Keep in mind that we will be faced with a constant sterling ration between 2 and 3. Meaning if our profit could be 400pips in a month the risk that we could take would be between 150-200pips. But the better you are the lower that risk will be. And by better I mean if you are realy good and understand the markets.

The rules of this system (method) are simple but yet again difficult for me to explain in words. I gonna post some charts of todays session and they should give you some impressions.
Monday I gonna open on paltalk a chatroom (www.paltalk.com after downloading go to business and finance and then day trading rooms) I will explain the rules and that for many days. We can watch some possible entrys that will show up and discus them according the rules and reward/risk ratio.
The name of the room will be "FXiGoR (T_S_R) Forex system. Free live call trading room".
The goal will be that this room will become self supporting (so that people will give their knowledge to other people without me beeing there).

regards... iGoR

PS. This offer is 110% FREE


RUN WITH THE BULLS AND HUNT WITH THE BEARS....
Attached Files
File Type: zip (T_S_R)-NEW.zip (6.3 KB, 35 views)
Last edited by FXiGoR : 09-17-06 at 21:27.
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Old 09-16-06, 23:37
FXiGoR FXiGoR is offline
Junior Member

Join Date: Dec 2005
Posts: 6
Default
Some rules:
The 2 slope lines with tomato color and dodger blue: gives us a picture on the big overall trend. Not nescassery that we trade according this trend. But if they are in same direction with the aqua and blue line the better or the more lickely we have a profitable trade.
The 2 Slope direction Lines (aqua and blue): gives us the trend that ONLY we trade accordingly. If these lines are aqua, we ONLY take long trades. If they are blue we ONLY take short trades. The steeper the angle of these lines the better. The steeper the angel of these lines the stronger the trend. We do not trade if these lines are more or less flat. We want to see them going up nicely or going down nicely.
The Signal line (green and red): If we take short positions this line has to be red. If we take long positions this line has to be green.On the smaller time frames this line wil trigger our exits.
The execute line (yellow and magenta): This is the line that will trigger our entrys. On the higher time frames it will also trigger our exits.

The entrys:
There are 2 different entrys. The " take my hand" set up and the "hick up" entry. These 2 entry set ups are very clear situations and have very tight stoplosses.

the "HICK UP" set up ...
Price stayed UNDER the blue slope direction line.
A situation that happens very quickly. One has to monitor this situation very close otherwise it happend before you know it. Once you are to late the stoploss is to big. But if you can spot them they have a bigger reward/risk ratio then the "take my hand" set ups

the "TAKE MY HAND" set up...
Price retraced back ABOVE the blue slope direction line without changing the slope direction line back to light blue... a nice retracement in a bearish market. These situations happen over a longer period of time then the "hick up" set ups so they are easyer to spot but most of the times the stoploss is a bit bigger.

The template and exampls of the Hick Up and Take My Hand are provided here
http://rapidshare.de/files/34223691/tsr.rar.html
http://www.mysharefile.com/v/6360120/tsr.rar.html

The BASIC explanation of the system is here. For new people please listen to this FIRST
http://rapidshare.de/files/33935471/tsr-basics.wma.html
http://www.sendspace.com/file/yvkpjj

Below are each day recordings, there are 5 days in total but please new people listen to the first basic audio before anything else
http://rapidshare.de/files/33585849/tsr-day1.wma.html
http://rapidshare.de/files/33682068/tsr-day2.wma.html
http://www.mysharefile.com/v/2589881/tsr_day2.wma.html
http://rapidshare.de/files/33811566/tsr-day3.wma.html
http://www.mysharefile.com/v/8929528/tsr_day3.wma.html
http://rapidshare.de/files/33911874/tsr-day4.wma.html
http://rapidshare.de/files/34053212/tsr-day5.wma.html
http://www.mysharefile.com/v/6465975/tsr_day5.wma.html
http://rapidshare.de/files/33894695/tsr-range.wma.html
http://www.mysharefile.com/v/7454248/tsr_range.wma.html

Thx for sharing around

Hopefully ppl looking to get started in Forex will listen to this. There is invaluable information provided here by Igor and its completely FREE. Even if you dont like his setup, there is definitely something to learn and you can take it on to whatever system/setup you end up using or creating. I strongly urge all new forex people to listen to the basic audio file and if possible come join us in paltalk on Monday.

But I can't seem to get paltalk working. Can't even register as new user... zzz weird

Hi yes sounds very weird, may be due to the weekend as they were doing work/maintenance yesterday. Anyway for those looking in, if you are sick of losing your money on gaming HYIPs I would definitely check this out. At the very least load up MT4 along with the indicators and listen to the tsr-basics.wma file and you will be walked through from start to end and you can decide if its something you like or not. caventou hope you get your paltalk working :|

It says check your internet connection when I click new user. But I am connected to the internet and can connect to yahoo messenger, msn... Sigh, I tried paltalk last time too but can't seem to get it to work.