Enough of this nonsence..We are here to make us a better trader. We are here to make money. How you fell about someone elses method or strategy you may keep it to yourself...Else find some other thread to voice it out. If we keep bickering about nonsense then i will have to leave jsut abondon and close this whole thread and find some other forum. Hoping we all understand, as we are all adult.
Thanks
Nobody is forcing anybody here. If you are bored get the hell out of here. If you dont want the damn signal, its not for you. It is for me and for my record. I dont even know why you are here. I have no secret system. it is about trend and market sentiments a simple MACD can monitor that, try shifting it until it mets your requirement. Do not wait for somebody to give you a system. You have to develop your own. There are tons of simple generic system which you can develop and experiment. You have to read a lot. Monitor the US Dollar index everyday. That decides the movement of other currencies. I dont use indicators, i hate them. That is the deal here.
I do not expect anymore immature outburst from you.
Ignored
"immature outburst", Hardly trader. it was a simple inquiry as to why you have not divulged yet.
simple as that.
i also do not appreciate your criticizm as you know nothing of me other than i am new here.
however i do appreciate you and this thread Trader. you are obviously doing something right. i respect that and wish to learn from you, that is all.
"give a man a fish, you will feed him for a day.
teach a man to fish and you will feed him for a lifetime"
"immature outburst", Hardly trader. it was a simple inquiry as to why you have not divulged yet.
simple as that.
i also do not appreciate your criticizm as you know nothing of me other than i am new here.
however i do appreciate you and this thread Trader. you are obviously doing something right. i respect that and wish to learn from you, that is all.
"give a man a fish, you will feed him for a day.
teach a man to fish and you will feed him for a lifetime"
Do you blieve in this Trader?
Ignored
I think we have heard enough of this and i would say we must all put a stop to all of this: Here is my method below:
Actually i dont really have a hard system like do this when this crosses this and this is above like this. All I do is monitor the US Dollar index daily, you can do this by checking website that predicts Dollar Indices. Compare the yesterday Index against the daily prediction. 80% of the time they are right because it is easy to predict the USD index. If the index say is USD lower. During the London open in the next morning watch out for the signs that this report is being applies, using your trend indicator that you are familiar with ( there are a bunch of thhem all around - i have no preference..MACD is good for me.) when you notice the 5 min chart start to show different color around that time and being confirm by your 4 hours candle at 3:00 AM est that is the start of the USD Index appliction. Trade accordingly. Before the opening of the New York, you have to watch again around 7:00 am new 4 hr candle for confirmation and 5 min chart to lead the showing. That is actually my system. Other currencies are traded according to correlation.
Thats it, that is how i trade. And that is how i call my signal. Hoping that is putting everything to rest. Anymore questions, i will ignore it.
Just wondering if your Eur/Usd call takes into acct. the news at 8:30.
I have confidence that it does, I am in the trade also. Guess I am just curious if you took the trade because you expect the news to push the market.
Ignored
Hey Bill,
yeah i consider that including the 10:30 existing home sales. Remember News Report follow the market sentiments/trend. If report goes against the prior trend it will come back. If report goes with the prior trend.. Jackpot.
T101
Continuation of the Reply.
The sentimens/trend has already started at around 6:00 this morning. The EU has reached it 100 pips daily range. We added a 35 SL. The Durable Goods is predicted to negative. The Extg Home Sales .. we all know that...Subprime lending problem. All the ingredients are there. All we have to do is just to cook it. I am hoping i am right.
To further discussion:
On the correlation issue of the trade. Since we already have a strong study where EU is going. We can say the same for the GU, what i do is i just check on any news report about the GBP. Someone buying London Bridge and selling it for scrap iron...or what not. If nothing of the ordinary then GU will also be same move as the EU. Same with CHF and JPY. Now of Uchf, on a normal trading it is almost the opposite of EU. If you check the EUChf that is about 1.6 i think and it just moving around that value. So i just trade uchf reverse of EU. On the UJ.. if you notice the waves below the chart. i call them waves because it is going forward just like the waves some red and green. They follow each other. Th waves that is being created by the UJ somehow overlapped the Eu Waves aprox 50% .. reason why sometimes UJ goes with EU and GU sometimes it goes against it. Unlike Uchf that is opposite.
Continuing Discussion:
With the 4 currencies mentioned, if you make them right is more than enough to make a living, In fact one is just enough. Now after the correct entry that you have....all you need now is just the protection of your profit. You can have the trailing stop of min 15 pips i think for most broker. or like i do when i reached 20 my EA will not go 0 it will close the trade 2 pips before zero. And then watch that currency when it comes back at that price to ask me if i want to trade again. If i reached +40 pips it initiated a trailing stop of 30 pips to assure me of min 10 pips profits. Most of the time i turn them off. The other program is acomposite SL. if im trading 4 pairs by SL composite is 160 pips not included in the brokers platform but being watched by the EA. The TP is not really a big issue since by that time that you reached +40 pips you are in the moving train now and it will just move furward. Just be aware of the Currency Daily Range once you hit it. watch it and get ready to close on reversal.
