Apologies for the belated HAPPY AND PROSPEROUS NEW YEAR !!! and happy holidays. I was away where there was no internet, lots of sunshine and beaches for Xmas and just saw your post.

Keep up all those great posts Raymond

Persistence, discipline and patience are definitely the most important traits of a good trader. You can have the best system in the world but without those qualities, you would not be successful. Often it takes years of hard work to acquire those ...

Hi Raymond Congratulations on your trade. I hope you made lots of pips. I took the same trade but didn't hold as long as you. I still came out with 63 pips though so you must have exited with much more.

For those trading the AU, there are trade balance, employment and home loans releases out this week which will affect volatility. There are BOE and ECB rate decisions on Thursday.

Hi Ashes, Thanks. I looked at the 1 hr too before taking the trade.

Yes, FOMC statement and Federal Funds Rates. The Federal Funds Rates shows any change in rates. You have to decide for yourself when you should trade. Some people like Welshguy2000 trade the release of the NFP. Some people avoid it altogether. ...

Usually I won't trade during NFP week because there are also rate decisions from the RBA, BOE and ECB during that week. However this week we don't have any rate decisions - just NFP. The FOMC rate decision isn't until the 26th Jan. You should avoid ...

It is only the FOMC minutes that came out not the actual rate decision. Better not to trade too close to NFP which is this Friday.

I took a short on EU based on divergence, close below the 21 EMA followed by bounce off the 21 EMA (red). Heading towards 200 (green) and then trendline. This is a countertrend based on Phil's strategy. Normally we would be headed towards the 89 ...

Agreed. Thanks Phil for the refresher videos and the videos discussing the latest market rhythm. Please continue doing these videos throughout the year although we know that you are very busy during the year at work at the mines.

Hi Ashes, Yes, same here. I just noticed on the calendar that the 3rd January is a bank holiday for most countries except the US. Therefore volume will probably still be low. Keep in mind that it is also NFP this Friday.

We don't trade GJ with this system.

Hi Khalidhassan, We recommend that all new traders to the system read through the thread at least twice. Everything you need and most questions have already been answered in the thread. Both Phillip and Welshguy2000 have gone to a lot of trouble to ...

HAPPY NEW YEAR ! MAY YOUR YEAR BE PROSPEROUS IN ALL THINGS. MAY YOU BE SHOWERED WITH PIPS ALL YEAR ! Nice to see you back, Palmer. Hope that everything is going well with you. We missed you Raymond. Hope your trading is going really well. I bet that ...

Welcome back !

Good trades. I am short EU too after bounce off 89.

Possible short on AUDNZD coming up.

The AUD being at parity with the USD creates a strong psychological resistance so it is best to avoid going long at that level - unless the RBA decides to hike interest rates again.

Yes, very angry . Only joking.