{quote} GBPCHF [update] {image} An aggressive pullback to the downside with price unable to hold above the 3/8 MML which became a very weak support level. SL on Trade #2 extended lower to just under the 1/8 MML and under a recent swing low. SLs on both trades now at maximum but just under the 5% limit. Unlikely that another SL adjustment will be made but if it is it will be a tightening of trade 1 to give a little more slack to the stop on trade 2. Masterrmind..............
Agreed you can sometimes get in a lot early than waiting for the +/- 200 all I am doing is trying to see, is a worthwhile trend starting and if I should jump onboard, Masterrmind wants to keep the thread as a Daily looking for big move of which I totally respect but I posted the GbpCad this morning here is an update 1st the Daily is trying to break below the 3/8ths see the CCI OS easy 50pips was there for the taking , now I will show a 60min with all the same setting, its identical but just on a smaller scale {image} {image}
Thanks guys but I do not want to overstep the mark, Masterrmind and myself have tried to fathom Murrey out and he has clearly set out the way he wanted to approach it (No Indicators) I just wanted the chance to show him how I have played Murrey for a fair time now, to be fair mostly scalping type trades and at the moment because of time difference he as not seen these last few posts so not sure how he will react, so although I will try my best to help anyone I will wait to see what he says, its his thread and a dam good job he is doing, his money...
{quote} Perhaps your CCI approach would be ideal for "shorter term" trade setups which could be traded in-between the QUAD-MML longer term setups. I would like to see the live example trades OAPDave so let a few rip and see where this heads. CCI will remain an open invitation at this stage unless ruled out. I also appreciate what you bring to this thread. Masterrmind...........
{quote} Perhaps your CCI approach would be ideal for "shorter term" trade setups which could be traded in-between the QUAD-MML longer term setups. . Masterrmind...........
{quote} Post 2149 https://www.forexfactory.com/showthr...52#post4201852
{quote} OAPDave . . . this is surely one of the 5 best things I have ever read about trading, and I am not sure what the other four were. I had not come across it before, although I have read other useful things from xcaliber. A pro's pro. This strikes me as quite a gift from X to share this to those who might be interested and actually pursue trading with this information. Reading this makes me regret that tomorrow starts the weekend.
{quote} Hi Masterrmind, This trade should vindicate your setup planning methods. The trade was planned three weeks ago well before the fact. I revised the entry point and final target on the same day. I estimated the probable duration of the trade generally as part of my emotional management plan to force me to remain patient. {quote} {image}
