I don't see a chart in that posting?
the s/r I see as the most important .
teb
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DislikedThanks all for your work and input
Euro - Yen is one I have been watching.
Monthly above 200
Weekly above 200
Daily below 200
4 Hour above 200
Therefore, I should look for a 1-2-3 trigger on the daily chart. Which it looks like we are getting close to:
1 - Dec 30th
2 - Feb 7th
3 - would be a sustained break above 159.50
The trend on this pair does appear to be down so I probably shouldn't gett too greedy with TP or too loose with SL.
Your comments please
Tim
[IMG]file:///C:/Program%20Files/Interbank%20FX%20Trader%204/eurjpn%20daily%202-21-08.gif[/IMG]Ignored
DislikedHi
I just wanted to add a few things
the lowest I trade this in this system is the 15 min chart
on that chart I do just A close over of the 200 - not A S/R break
ALL other TF I go for a S/R break- hopefully below the 200ema.
the 4 hour & above is amazing %
the hour & 15 are quite a bit less
under 15 mins I use the 3 ducks
Which is great
I use 2 charts 1 hour ( with the 4 hour ema on it) set up easy to see
& then the 5 mins just for he 200 EMS cross & R/S cross
I am not using TEB2 at all at this time at all
The 200ema is the easiest & most stress free way I have ever traded.
you see trades coming a mile away
cheers
TEBIgnored
DislikedWent short on usd/jpy at 108.11. Shootin' for 50 pips.
Also long on gbp/usd at 1.9464 following the month/week/day tf's. Looks like it may have some potential to move +150 pips or more over the next couple days. Hope so, we'll see!Ignored
DislikedOkay here's my latest round of results:
u/chf + 107 pips
e/u + 25 pips
u/j + 51 pips
g/u + 157 pips (still open)
Total + 340 pips
Since last Wednesday my wss trades are 13 out of 14 winners with 717 total pips!!!
(unfortuantely in demo, but definitely building my confidence!)Ignored
DislikedOkay here's my latest round of results:
u/chf + 107 pips
e/u + 25 pips
u/j + 51 pips
g/u + 157 pips (still open)
Total + 340 pips
Since last Wednesday my wss trades are 13 out of 14 winners with 717 total pips!!!
(unfortuantely in demo, but definitely building my confidence!)Ignored