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- burnzmeister replied Dec 6, 2012
Yeah there have been quite a few, but probably not wise to take them all :-) I've been short the Loonie for nearly 24 hours, so didn't want to increase my exposure by taking on other, possibly correlated, positions. I'm more interested in the H4 TF ...
- burnzmeister replied Nov 30, 2012
I'm not sure. It's risky because the 200 EMA is flat. Anything can happen. Nevertheless, I'm in also. Nice RN TP at 1.0400?
- burnzmeister replied Nov 29, 2012
Check out the pattern I've highlighted in the green ellipse. An optimal setup with regards to this strategy, IMHO, is a sharp decline or incline followed by a strong momentum bar in the opposite direction. The best setups happen over a few bars and ...
- burnzmeister replied Nov 28, 2012
Good setup on the Loonie just now. Anyone lese take it?
- burnzmeister replied Nov 27, 2012
It was, but only made me 2 pips as I locked in profit on the way up before the pullback. We may still see the PA meet 132, but do you think aiming for 50 pips is greedy? I'm starting to realise that we can expect to make 30 pips (First green line) ...
- burnzmeister replied Nov 26, 2012
GBP/JPY looks even better as the EMAs are tighter...
- burnzmeister replied Nov 23, 2012
This is just a thing of beauty, wouldn't you agree? If you only trade these trend continuation patterns at the squeeze of the EMAs (highlighted within the green ellipse) you'll make money. This is my sole money making method from now on.
- burnzmeister replied Nov 22, 2012
You're right. A bad trade. I also sold directly into the rising side of a wedge!
- burnzmeister replied Nov 22, 2012
Sorry, forgot to post a chart. The H4 shows an evening star that intersects all EMAs...
- burnzmeister replied Nov 22, 2012
Got out for +27 pips. I had this one open overnight. I woke up at 3am worried that the market was going to turn against me, but I had already locked in 15 pips. What the hell is wrong with me? I need to learn to relax! Anyone got any pointers on how ...
- burnzmeister replied Nov 21, 2012
Poised to go short on the Loonie... Amber support is strong for H1 AND H4 and Red support is the current Daily 200 EMA. No news affecting this pair till 1330 GMT, so we're good on that front. Anyone else looking at this?
- burnzmeister replied Nov 20, 2012
Hi everyone, This is my first post on this thread and I'm liking what I'm reading so far. This is an H4 setup so, if anything, it has the potential to give us more pips!
- burnzmeister replied Nov 15, 2012
Hi everyone, just thought I'd post a setup before bed time... I've been quite impatient with this method this week. No good setups for me, and patience is my own worst enemy, so I've made a few stupid trades because I found myself frustrated, but ...
- burnzmeister replied Nov 15, 2012
Anyone else Long the Loonie?
- burnzmeister replied Nov 15, 2012
Watch the Swissy PA has reached a strong resistance at 0.9430 and is at the pointy end of a wedge. We've got a lot of US data comming up, so best to sit tight and wait for the market to tell us what to do...
- burnzmeister replied Nov 13, 2012
Morning traders. Just checked out the majors and it looks like we had a fantastic setup on the Yen last night at 0200 UTC my time and 1100 (UTC + 9) Japanese time. I love these setups as they stick out like a nose on the face. I'm finding a lot of ...
- burnzmeister replied Nov 12, 2012
I went long on the Loonie at 0800 GMT. Might have been a bad idea as both the Americans and Canadians are on holiday today, so this market won't be as liquid as usual.
- burnzmeister replied Nov 9, 2012
I made a bit of a rookie error last night. I was long the USD/CAD and decided to tighten my SL to lock in some profit, but I forgot about rollover at 1700 ET. There's always a widening spread at this time. Won't make that mistake again!
- burnzmeister replied Nov 7, 2012
I trailed my SL to get out for +28 pips. I was aiming to make 90+, but perhaps that was greedy. Have to take what the market gives you...
- burnzmeister replied Nov 7, 2012
USD/CHF — Anyone go long on the Swissy at 12 GMT? Please correct me if this isn't in line with the strategy... Cheers