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- weghio replied Jun 22, 2007
The usdcad I was talking about on the prev page...absolutely beautiful and in perfect sync with the market rhythm if I say so myself. Though i admit I entered a little early, not really according to the macd but due to S/R and the nice ...
- weghio replied Jun 22, 2007
Hi RemingtonTJ, I'm a neophyte but I'm inclined to stay away from eurusd since all the moving averages are converging together and it's just a big mess over there, and right now there are no macd signals to boot. So I'd wait for a clearer direction.. ...
- weghio replied Jun 21, 2007
usdcad — Hello folks, long time no see. Got a quick observation to make on usdcad (I know phillip rarely looks at this one). It looks as if the pair has a sort of nice rhythm going on now as shown on the graph below. A nice little channel, and ...
- weghio replied May 21, 2007
Well the week started off with a bang - TC's on eurusd, gbpusd, usdjpy, and audusd too - pick your poison eh? And of course, I missed them all.: The eurusd one looks the best in retrospect, with a nice zerobreak on my timeframe. Instead I took ...
- weghio replied May 18, 2007
Ok, so..got out of eurjpy at like b/e after 4 bars of absolutely nothing happening (phillip talked about this exit strategy in one of his recordings) and thank god for that. Went short on usdchf RT too for a nice profit as the price met resistance ...
- weghio replied May 17, 2007
3 1/2 hrs to go until next candle on my timeframe, currently looking at: usdjpy - possible big RT, but don't really like it too much as i don't see any definable resistance around the area. sure the R:R would be good but probably wouldn't venture ...
- weghio replied May 17, 2007
Hi RyanD, reading (and listening to) the summary of the system would be a good place to start.
- weghio replied May 17, 2007
Meh — Ok, so eurjpy...I was asleep last night and didn't take the TC long, but now seeing that the price is around the same level I just took it small @ 163.65, with S/L of like 35 pips. Basically, had I taken this last night I'd still be in ...
- weghio replied May 17, 2007
Hey Bil2205, looks like on your timeframe the bar moved a little too far down by the time the rt formed, so I'm guessing you wouldn't take it due to the R:R not being so good. If someone were on my timeframe + 1hr or something like that, though, it ...
- weghio replied May 17, 2007
interesting.. — I just fell asleep and didn't take any trades last night. Woke up and there are some interesting developments. Would've been bittersweet I think. usdjpy: RT never formed and keeps shooting up so no trade usdchf: Wow! In my ...
- weghio replied May 17, 2007
usdchf — I was as confuzzled as the next guy when usdchf earlier today shot up way above the 365ma and prior trendlines, but now that i've taken a second look it seems that it has hit a trendline i hadn't drawn before and is now forming a RT. ...
- weghio replied May 16, 2007
Currently paying close attention to the following pairs: usdjpy: big nice roundtop possibly forming within the next bar eurjpy: possible trend continuation long forming bouncing off the 21ma usdcad: possible trend continuation short forming bouncing ...
- weghio replied May 16, 2007
thanks for your comments doji star! — Looking for reasons not to take a trade...I think that's actually a pretty good habit to have as I'd rather miss out on a profitable trade than jump prematurely into a losing one...but of course the ...
- weghio replied May 16, 2007
woohoo — eurjpy:
- weghio replied May 16, 2007
I'm a noob chicken so I took profit at a few pips short of the 89ma for almost 40 pips profit. good luck on the rest of the way!
- weghio replied May 16, 2007
eurjpy — hi pips, below is what i saw. i'm a noob so don't take my word for anything :/ price has hardly moved at all there so far.
- weghio replied May 16, 2007
eurjpy — Sort of a triple top on eurjpy so I went short @ 163.79, SL is like 20 pips, 1 TP is the 8MA at 163.59 for 20 pips, 2nd TP 21MA at 163.18. R:R was so good i couldn't resist 2 other trades currently open from some hours ago are usdcad ...
- weghio replied May 15, 2007
Hi Phillip and others, Just a quasi-hypothetical question re: AUDUSD. I just took a screenshot of how it looks right now. It's a TC. For me it's still 3 1/2 hrs to go until next bar which is why I said this question was quasi-hypothetical. Assuming ...
- weghio replied May 8, 2007
Well, I went ahead and did go long on eur/usd @ 1.3615 for a small amount. the ema's are rather flat but it looked like a good tc. SL is around 25 pips.
- weghio replied May 8, 2007
I'm staying out of gbpusd right now because the price is trapped right between 89ma and 8/21ma. not sure if that's the right choice.