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- Xivali replied Feb 26, 2010
Gap — As people have mentioned before it IS a data feed issue. Don't overlook this as a small thing though, although the market can move down fast er than the data feed can handle (known as a gap down/up) and this can happen often, it is not ...
- Xivali replied Feb 26, 2010
The Fell Swoop — One thing I will add, I looked at the completed move. If you had followed this system you would have achieved: 398 pips. The Eagle's Strike.
- Xivali replied Feb 26, 2010
As you can see — As you can see, the market was banging it's head. And shock horror! Right on a Daily Level. So, in that position, I would have seen the market breaking the 50 channel and would have been thinking long, however, I would not ...
- Xivali replied Feb 26, 2010
Very good question Ian. When explaining this system I did detail that I also implement daily Support and Resistance lines. I use these lines for bounces and breaks, hand in hand with the 50 channel. Believe me, after months of study S/R lines are ...
- Xivali replied Feb 26, 2010
Nope — Nope it's not a stupid question - only stupid question is the one that wasn't asked and all that. Okay I will explain. Using this part of my system I have an entry - the 50 SMA break - all good so far =] However where to get off???? ...
- Xivali replied Feb 26, 2010
Just a note — The T3 Fibonacci guys I posted up here, they're trading price action, simply with MA and BBMACD reinforcement. However the system IS price action. You may be set in your 'this isn't for me', however knowing those guys, and who ...
- Xivali replied Feb 26, 2010
Answer — Firstly I'm glad this has aided your progression in learning the Forex, I really am. Secondly, If you have the money, I highly highly highly recommend you purchase a copy of First For Forex. This is perhaps one of the best and most ...
- Xivali replied Feb 26, 2010
I do — Sure do =] Except at the 261.8 Fibonacci level my stop would be at the 200 Fib. See post #11 of this thread to see the Fib levels that I use. Stop loss is always the second Fib level away from price. Hope this helps =] If not, Fire ...
- Xivali replied Feb 26, 2010
Correct — You are correct sir, 'blonde moment' =p
- Xivali replied Feb 25, 2010
Agreed — It is a good opinion =] However, I have disciplined myself from 5am-1pm GMT to trade, and will snap away from the chart at 1 unless I am in a position, this is also down to personal preference =] However, US open is a pretty awesome ...
- Xivali replied Feb 25, 2010
Done — They're y'go any problems let me know =]
- Xivali replied Feb 25, 2010
Agreement — It is an excellent suggestion, on other charts I have a 200 SMA, this works beautifull, although the hourly 50s are equally as good =] Both are worth their period in gold in identifying the direction you want to be ehading. I have ...
- Xivali replied Feb 25, 2010
Cool =] — Sounds like your having joy, I have found that although you may go through a spell of consistent 10 or so pip losers, you can easily swipe 100-200 pip trades which more than reclaim losses =]
- Xivali replied Feb 25, 2010
No I Agree — Hey man no worries, I agree with you, range bound markets the system is invalid, was just pitching it to you, I obviously mis-judged your angle and the stage of your trading =] I also agree with you upon market structure, as ...
- Xivali replied Feb 25, 2010
Note — Not trying to sell this or whatever, but this could be your 'Edge' as it were. I think this could help you, provided you learn it, follow the rules etc etc Give it a go =] Do PM me though
- Xivali replied Feb 25, 2010
Abritton — There IS a lot to learn as I am sure you realise. And NO one system or whatever will teach you all of it blah blah blah But if you want a simplistic trading system 'first step' as it were, try my pure targeting (link below). The ...
- Xivali replied Feb 25, 2010
It works — It works. Takes a lot to master, and there's a lot to learn, but when you do your practically a form of demi-god. I personally have learned the basics, the formations, patterns, why and when. Enough to recognize what is happening ...
- Xivali replied Feb 25, 2010
Indeed — Any more questions, comments welcome =] I'll also give clarification on 'what would you do' circumstances.
- Xivali replied Feb 25, 2010
=] — Yep, perfectly viable Will take a closer look at some lives in about an hour
- Xivali replied Feb 25, 2010
Agreed — Systems based on price action are the way to go, there is no room for debate there. What tops the system in discussion here is pure support and resistance. Trading a system of S/R breaks tops everything else. Fact. And in regard to ...