If I understand this method correctly, then EUR/CAD should be a buy at the open of today's daily candle.

Assume a long trade. Everything look good for entry except the size of the wick that is above the body. How long can the above the body wick be for the trade to take place. I understand that the below the body wick should be twice the size of the ...

Looks like E/J will be a trade today.

thx

I still trade Nomo's system. This is better that Nomo's system. The DOW correlation comes and goes. For three months it was very profitable, but the correlation ended last week. It will come back and when it does I will let everyone know.

I have read everything to date and all I can say is that from now on, you are my new FOREX GURU I do have one question about PDF 2. Is the 8M for trade confirmation on 2M and or 3M, or do we also trade on the 8M if the 8M gives a trade signal?

Monday we lost both. Today we won E/U and lost E/J. The DOW correlation was very weak yesterday. It appears that the Yen is no longer the driver. The USD now looks in control. I will no longer trade this system. I will resume this system when the ...

Yes, short is as good as long.

No trades today. The DOW was not + or - at lease 1% at anytime between 12:30 and 1:00 PST.

WINNER WINNER CHICKEN DINNER Both pairs hit profit target today.

When the DOW is only + or - a tic above or below the 1% entry rule, XOM provides the confirmation to trade or not to trade.

I hold the trade until SL or TP hit.

WINNER WINNER CHICKEN DINNER Both were winners today. With 5 minutes left the DOW hit 8780.

Sad to say the system lost on both pairs on Monday and Tuesday. I will stay with the system until it has a losing month.

It has to do with risk aversion and fundamental analysis.

Last week I changed to the Phil Newton scale out method. Exit 2/3 at 1/2 SL. On 12-2 both were 20 pip winners before the SL was hit. Sorry for the confusion.

WINNER WINNER CHICKEN DINNER Two more winners today. It took a little longer than usual, but E/J & E/U both paid off.