I just went back and watched the video that you got those charts off of. Somewhere in there he says if you just wait for setups like this one you will be highly successful. So that's the biggest thing you need to take from that video. See that perfect setup and then just wait for those. That's basically all I do. You might not think the perfect setup happens enough but suprisingly enough it does.

I saw a short trade set-up with GBP-USD at the close of 18th June 07:30 M30 candle (FXPro time)
Although this looked a reasonable set-up, I decided against it mainly due to the relatively small recent range. Maybe because during the Asian session.
Luckily for me, I missed the set-up that happened with the 11:00 candle as I was not at the computer. That one ticked so many boxes for me including stochastic divergence. I entered the short trade late at a much better price and using the target as if I had entered on time, closed out with target hit at 2 times risk
A very slow week for me with snipers, as I have not taken many trades, but once again, a profitable week

Once again, I'd like to thank Bill for his observations with the stochastics as this has continued to be an effective tool when trading with snipers

Keith

Just had a look on charts and updated trading journal.
Thanks to all Guys posting here but particularly few names like Bill, Keith and Paul looks like snipers are having a fine tuning (very needed as this system has more aspects than I thought).
Just trying to answer the question on time frame correlations. Could it be the case when we have correlation between two different time frames (both showing the same direction for trade)i.e. like 15mins and 4hrs or 1hr chart then setup has a much higher potential to bring > 1:2 profits ?
Lets take last week's example of short NZDUSD on 14thJune on 30mins according to snipers and then confirmation by engulfing candle on 4 hrs after long run up (I agree this is first signal after a strong trend ) but neverthless could be a separate setup with 1:1 (there was some stochastic divergence between two closest highs in the uptrend) althought breakout according to snipers rule wasn't there (snipers bands breakout only).
I wonder if there is any relevance of that post and observation at all ?
I will do (if time allows me this week) some back testing, I must say from just quick review of last month it's not a common occurence. But again if this the setup one should take I'm up for it and then patiently wait for another available. I'm still trying to figure out which trades not to take, this is so far one of the most difficult things.
Thanks Bill for that advice to train the eye on short time frames - that is contributing to my experience and improve decision making.
See what this week has in store for us.

Very quiet on the snipers front so far this week. I haven't been present for 1 decent set up yet. The few that have happened have been while I've not been at the computer.
I was just getting ready to go long EUR-JPY at the close of the 09:00 FXPro candle, but the price started dropping in the last few minutes and didn't engulf at least 50% of the previous candle.
Oh well, I'm sure there'll be a set-up soon

Went short on the GBP/CAD 15 MIN chart yesterday after the close of the 9:00 candle. That's all I have done so far this week.

Do you get a good spread with this pair Bill. I don't even look at GBP-CAD at lower than H4 because the spread is just too wide.

If I entered a trade on that pair right now the spread is 4 pips.

Hi All,

I am still around - and its good to see you are working at this system.
Anyway at the weekend I read the posts here and today I had my first snipe at the cherry.

GBPCHF - entered long just before midday CET at 1.6350, stop loss at 1.6320.
As for the target price, greed took over and I set it at 1.6430, which would have been at the resistance line extended down from the 24 June and 25 June highs on the M30 chart.
I had initially thought of setting it at the next round number 1.6400 for 50 pips.

I moved the stop loss up to 1.6375 and was stopped out for +25 pips, which was all right for the first attempt.

aquiagora

Just watching snipers radar - nothing exciting in last 48hrs appart from this long GBPUSD setup - 09:30 GMT candle.

Pros: "semi" stochastic convergence - price was making lower lows, indi was basically flat, trade in agreement with main trend, price has broken both: snipers and BB
Cons: huge engulfing candle (maybe that should be pros at bthe end of the day), RSI not in extreme oversold (still >8).
I must admit I freaked out on that big candle and hasn't taken it, could bring a joy of 1:1 RR easily.
However I'm always afraid of such a big unexpected movements - maybe in case of snipers it's a mistake ??

So my question goes to the Top Dog Chilly Dog
- if the price is making lower lows like here (or higher highs) but stoch are flat/horizontal - does it count as divergence/convergence ?
My careful call would be yes.
Does it have less of a significance then visible convergence/divergence ? - I have no idea.
I must admit I'm monitoring snipers setups for 3 weeks - the problem is I don't know if all of them are true setups. Besides it's much easier to do in a retrospect. Slowly however some picture clears out of fog. I will keep monitoring them longer and then try to present some careful conclussions.

In my opinion, I do not trust the flat stochastic. I much prefer taking a trade with the very visible stochastic convergence/divergence. Seems to make it a much more reliable trade.