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Lucky Spike System

  • #101
  • Dec 13, 2010 10:40pm Dec 13, 2010 10:40pm
Quoting dragan53
december
I almost forgot..
  • #102
  • Dec 13, 2010 10:44pm Dec 13, 2010 10:44pm
CHF data release in 2 hours. Computer alarm clock set for 5 min. prior.
In the meantime will try to find replacements for the pdf's.
  • #103
  • Dec 13, 2010 11:07pm Dec 13, 2010 11:07pm
check the attachmnent,today its the us releases
Attached File(s)
File Type: xls Economic Report V 0.4.xls   191 KB | 318 downloads
  • #104
  • Dec 13, 2010 11:15pm Dec 13, 2010 11:15pm
Hi jiva and friends!

I live in Mexico so it's difficult for me to trade when uk opens, and only I can trade during Asia and US session. Do you think that I strongly need to trade uk session or I can still have good trades in Asia and us sessions?
Thank you and have a good one!
passion and discipline
  • #105
  • Dec 13, 2010 11:27pm Dec 13, 2010 11:27pm
Quoting rohule
Hi jiva and friends!

I live in Mexico so it's difficult for me to trade when uk opens, and only I can trade during Asia and US session. Do you think that I strongly need to trade uk session or I can still have good trades in Asia and us sessions?
Thank you and have a good one!
UK session is the biggest. London forex exchange is the most active. US is next in size and activity and then Tokyo. Lot of traders do very well with just the Asian session. Or just the US session. Some traders only trade once a day and make a good profit. Everyone is different.
My schedule allows me full access to all the markets.
I don't know if that's good or bad, if you know what I mean,, since this can be addictive....
  • #106
  • Dec 13, 2010 11:30pm Dec 13, 2010 11:30pm
Quoting dragan53
check the attachmnent,today its the us releases
Whoa!!
Today's blast off day.
May be why all the huge moves yesterday. You know, buy the rumor sell the news...
It's a full plate. Complete with dessert, FOMC .....
Batten down the hatches...
  • #107
  • Dec 13, 2010 11:39pm Dec 13, 2010 11:39pm
Quoting jiva34
Whoa!!
Today's blast off day.
May be why all the huge moves yesterday. You know, buy the rumor sell the news...
It's a full plate. Complete with dessert, FOMC .....
Batten down the hatches...
its the euro confidence,us 9.8 unm,and us rising bonds
  • #108
  • Dec 13, 2010 11:42pm Dec 13, 2010 11:42pm
today im gonna hedge usd,at retail sales,i have never traded retail sales before,only interest rates,

eurusd or usdcad havetn decide which pair ill go with,

sl 16 min,adn tp 40

ill place a trade minute before the announceement,5 minutes is too far,well no really but a minute is closer
  • #109
  • Dec 14, 2010 12:06am Dec 14, 2010 12:06am
Quoting dragan53
today im gonna hedge usd,at retail sales,i have never traded retail sales before,only interest rates,

eurusd or usdcad havetn decide which pair ill go with,

sl 16 min,adn tp 40

ill place a trade minute before the announceement,5 minutes is too far,well no really but a minute is closer
We'll be watching..
Good luck.
I'll just be doing my spike thing, looking for the set up at significant market events and market openings and closings.
  • #110
  • Edited 2:19am Dec 14, 2010 2:03am | Edited 2:19am
The candle pattern should also be in the direction of the trend.
A good way to catch part of the rebound.
so we are adding macd for trend confirmation.
and also will be watching other candle formations using the pattern master indi.
A nice spike on this chart but it is not inn the direction of the trend so we would not try to trade it.
The second chart shows why...
We wait for a bullish formation in an uptrend.
And a bearish formation in a downtrend.
Keep an eye on market times and news events they give momentum.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pattern.gif Size: 65 KB
Click to Enlarge Name: pattern2.gif Size: 60 KB
Attached File(s)
File Type: mq4 Pattern_Recognition_Master_v3.mq4   27 KB | 380 downloads
  • #111
  • Dec 14, 2010 2:14am Dec 14, 2010 2:14am
gbp usd is strangling me with 50 pips
  • #112
  • Dec 14, 2010 2:15am Dec 14, 2010 2:15am
Quoting dragan53
gbp usd is strangling me with 50 pips
Why'd you go short? That spike fool you? Check the 1m. There's a small pull back underway...
  • #113
  • Dec 14, 2010 2:19am Dec 14, 2010 2:19am
imm testing the cci system.it gives me signals,after i close the trade im deleting the indi,but it was right yestrday,trusting a system that repaints is a suicide
http://4.bp.blogspot.com/_Lwyp--6UDl...ber--15424.jpg
  • #114
  • Dec 14, 2010 2:32am Dec 14, 2010 2:32am
Quoting dragan53
imm testing the cci system.it gives me signals,after i close the trade im deleting the indi,but it was right yestrday,trusting a system that repaints is a suicide
http://4.bp.blogspot.com/_Lwyp--6UDl...ber--15424.jpg
Hold on, GBPUSD is pulling back..

cci drives me crazy.. It is so fickle. I've tried to use it so many times. There's a trader, Woody, who has made a whole involved complicated trading system using cci. He has a huge following. I don't get it...
  • #115
  • Edited 3:01am Dec 14, 2010 2:40am | Edited 3:01am
short silver
bearish engulfing
macd divergence
Tokyo markets closing...

edit: +3 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: silver.gif Size: 66 KB
Click to Enlarge Name: silver2.gif Size: 60 KB
  • #116
  • Dec 14, 2010 2:46am Dec 14, 2010 2:46am
inflation is coming up on gbp news,possible down for gbp , i think,as i understand some basics of curency movements
  • #117
  • Dec 14, 2010 2:53am Dec 14, 2010 2:53am
Probably be in limbo most of the day.
everyone waiting on USD data.
and then FED..
  • #118
  • Dec 14, 2010 3:19am Dec 14, 2010 3:19am
long AUDUSD
bullish candle
macd uptrend

+2 pips
Attached Image (click to enlarge)
Click to Enlarge Name: aud.gif Size: 64 KB
  • #119
  • Dec 14, 2010 5:04am Dec 14, 2010 5:04am
Been busy trying out other time frames.
USDJPY showed bearish candle on day chart..
+ 42 pips
Attached Image (click to enlarge)
Click to Enlarge Name: day.gif Size: 77 KB
  • #120
  • Dec 14, 2010 5:10am Dec 14, 2010 5:10am
i prefer the 1h and at the same time looking at fundementals more than techical,but pattern formation is the most important in technical i reckon ,the whycoff style,today i watched a live wyckoff webinar with gary fullet,i asked him some question and he answered me,really great education learning from a real broker at chicago exchange,he knows how the smart money moves,u should attend one of his webinars,its free,ill link ya if u want
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