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Trading Made Simple for Day Charts

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  • Post# 1,441
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  • May 15, 2013 4:37am
  • Verbal
    Joined Nov 2011 | 65 Posts | Status: Member
Thanks for the feedback David.
400 to 800 pips a months are really great even compared to professional signal providers.
One more thing: Sometimes the "economy" or the news are against our chart analysis. Of course one could be wrong in both news interpretations and analysis. For example this week Nial Fuller is expecting to go long on the cable whereas the data and news are in favor of USD. What would you choose?
  • Post# 1,442
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  • May 15, 2013 8:29am
  • Britpip7
    Joined Apr 2011 | 952 Posts | Status: "Never Give Up - Never Surrender"
Quoting Verbal
Thanks for the feedback David. 400 to 800 pips a months are really great even compared to professional signal providers. One more thing: Sometimes the "economy" or the news are against our chart analysis. Of course one could be wrong in both news interpretations and analysis. For example this week Nial Fuller is expecting to go long on the cable whereas the data and news are in favor of USD. What would you choose?
Nothing definitive to say GU will go anywhere but down, however, the Day is approaching a strong Demand Zone and is showing a pull back candle today, so watch for a reversal pattern - same comments as AU right now - the 3 amigos are running together and they may all reverse at similar times considering they are all in Oversold territory.
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  • Post# 1,443
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  • May 17, 2013 6:44pm
  • HxMark
    Joined Oct 2010 | 30 Posts | Status: Member
Aud/Nzd looks interesting. TDI cross with signal line pointing in same direction- mid zone line on 32. APB colour change (although body on candle not that strong). ATR 1=73 ATR 7=68. RSI is 46 (close enough to 50?). In a demand zone with supply zone about 175 pips away. Anything that I'm missing that should be putting me off??

Cheers

Mark
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  • Post# 1,444
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  • May 17, 2013 8:01pm
  • Britpip7
    Joined Apr 2011 | 952 Posts | Status: "Never Give Up - Never Surrender"
Quoting HxMark
Aud/Nzd looks interesting. TDI cross with signal line pointing in same direction- mid zone line on 32. APB colour change (although body on candle not that strong). ATR 1=73 ATR 7=68. RSI is 46 (close enough to 50?). In a demand zone with supply zone about 175 pips away. Anything that I'm missing that should be putting me off?? Cheers Mark{image}
Mark,

If it can break and close above the Demand Zone, there is promise in it.

Day has not really done much for a while with gold being depressed for the AUD.

I am still watching and waiting for the AUD PA to pick up pace - the gold bugs will need to go on buying spree though or the Kiwis will have to lose at cricket in the current test series

RSI is still below 50, so the trend change is still getting there.

APB colour change is nice - but a Friday candle always makes me nervous
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  • Last Post: May 19, 2013 4:30pm
  • HxMark
    Joined Oct 2010 | 30 Posts | Status: Member
Quoting Britpip7
{quote} Mark, If it can break and close above the Demand Zone, there is promise in it. Day has not really done much for a while with gold being depressed for the AUD. I am still watching and waiting for the AUD PA to pick up pace - the gold bugs will need to go on buying spree though or the Kiwis will have to lose at cricket in the current test series RSI is still below 50, so the trend change is still getting there. APB colour change is nice - but a Friday candle always makes me nervous {image}
Ok. A couple more things to add to my checklist. Thanks David
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