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  • #1,281
  • Jan 8, 2008 8:26am Jan 8, 2008 8:26am
Yes Cad Also Could Have Made A Few With That Reason I Didnt Take That One But Chose Eurjpy And Gpy Combo Was On Eurcadcad Seemed Stronger Than Eur And Here Cad Was Weaker Than Yen A Conflict At Least To Me NO I DONT TRADE USECAD I STICK TO THE 6 PAIRS I HAVE STATED THE ONLY MAJOR I TRADE IS GBPUSD
  • #1,282
  • Jan 8, 2008 8:27am Jan 8, 2008 8:27am
I promise to not talk about news anymore!
However, what I would like to see on the release of economic data, using this system, is for the release to cause price to move ANTI-trend.

Then for price to exhaust as short term speculators bail out and allow longer term trend followers buy at discount, allowing the trend to reassert itself. that is when I'll look for a signal....

does this make sense?

But if news release is WITH the trend I may not open straight at the close of next 1 hour candle but wait for a little retrace to the MA's...

Anyone thnking along these lines?
  • #1,283
  • Jan 8, 2008 8:29am Jan 8, 2008 8:29am
I Normally Dont Use Trendlines But I Put Some On Since It Moved Out Of The Area Of Downtrend To Up And It Was Interesting That Price Came Down And Found Support At The Trendlines HERE TAKE A LOOK AT SOME CHARTS
Attached Image(s) (click to enlarge)
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  • #1,284
  • Jan 8, 2008 8:30am Jan 8, 2008 8:30am
Harold,

Good system you have here.
You were talking about compounding profits a few days ago, attached is a spreadsheet I picked up some time ago that might be of interest to the readers following this thread, it really shows the power of compounding with only a few pips profit per day.
Attached File(s)
File Type: xls Account_building_spreadsheet.xls   44 KB | 400 downloads
  • #1,285
  • Jan 8, 2008 8:33am Jan 8, 2008 8:33am
Noel All I See Is A Blank Speedsheet?
  • #1,286
  • Jan 8, 2008 8:37am Jan 8, 2008 8:37am
Sorry, I will try again,
Attached File(s)
File Type: xls Account_building_spreadsheet.xls   44 KB | 538 downloads
  • #1,287
  • Jan 8, 2008 8:38am Jan 8, 2008 8:38am
Once again, we just have to have patience with Harold's system and wait for the best set-up and go - just like the recent GBPJPY, EURJPY signals. Quick, relatively safe pips. Like he says, they add-up. We will usually get at least one - more often than not more than one - really good signal from 6GMT to 16GMT(11AM EST). With this method and patience, I'm much more secure in my trading. Thanks again.
  • #1,288
  • Jan 8, 2008 8:41am Jan 8, 2008 8:41am
Very Nice Spreedsheet Starting With 3000 And Keeping A 5% Risk Per Trade And Just Getting 30 Pips A Day Shows The True Power Of Compinding. Just Like Mcdonalds Compoundaing Their Profits Into 1000's Of Stores AND YOUR RIGHT RIATO PATIENCE AND DISIPLINE MAKE UP TO A DECENT TRADER
  • #1,289
  • Jan 8, 2008 9:03am Jan 8, 2008 9:03am
Quoting harold4x
Very Nice Spreedsheet Starting With 3000 And Keeping A 5% Risk Per Trade And Just Getting 30 Pips A Day Shows The True Power Of Compinding. Just Like Mcdonalds Compoundaing Their Profits Into 1000's Of Stores AND YOUR RIGHT RIATO PATIENCE AND DISIPLINE MAKE UP TO A DECENT TRADER
Hi Harold's I was following alone my computer and I didnt realize you were all on line to discuss the signals. By my own I entered the only decent signal I saw on eurjpy, bit weak and for this reason I exited early at + 25. My guide for the exit was the presence of the Daily Pivot around 160.44. I think in this case was not bad to follow the pivot, but is very nice you simple analisys too.
Anyway thanks for your fantastic method. I'm really happy and finally ... calm and patiente!!!
ciao ciao to all people here
  • #1,290
  • Jan 8, 2008 9:07am Jan 8, 2008 9:07am
Quoting autaret
Hi Harold's I was following alone my computer and I didnt realize you were all on line to discuss the signals. By my own I entered the only decent signal I saw on eurjpy, bit weak and for this reason I exited early at + 25. My guide for the exit was the presence of the Daily Pivot around 160.44. I think in this case was not bad to follow the pivot, but is very nice you simple analisys too.
Anyway thanks for your fantastic method. I'm really happy and finally ... calm and patiente!!!
ciao ciao to all people here
What pivot indicator do you use? It seems like many out there and they all produce diff results!
- Syd [dust is my bed...]
  • #1,291
  • Jan 8, 2008 9:09am Jan 8, 2008 9:09am
What Does Caio Mean? You Have To Keep It Simple Otherwise You Get Paralisis Via Too Much Analysis. well thats it for me today it looks like we mat have very slim pickings tomorrow it seems all the stocs are turning over so it may be a day or 2 till we get rolling again just be patient
  • #1,292
  • Jan 8, 2008 9:12am Jan 8, 2008 9:12am
Quoting harold4x
what the indicator does and its only purpose in my book is to let me know when all 3 indicators are in aline it may happen that this wakes me up and at the close it doesnt have a signal nothing we can do about that except go back to sleep cant have it both ways i think at the end of this month i will be changing my schedule to go to sleep about 9-10 and wake up 145 am if i get a signal and get my profit on that candle i will go back to bed and i am done if not i will stay up till i do. trying to get more time with family with more sleep too
Harold, can you expand on your statement "wake up at 145am and get my profit on that candle i will go .............".
  • #1,293
  • Jan 8, 2008 9:15am Jan 8, 2008 9:15am
all it means is i get up 15 minutes before 600gmt candle closes and see if there is a signal. if there is and i get my 30-50 i will then turn off computer and dive headlong into bed and have a nice sleep and then family time
  • #1,294
  • Jan 8, 2008 9:18am Jan 8, 2008 9:18am
eur/jpy changed signal on next candle 1h rsi

and i waited for rsi to go under 50 on the preceding candle. that caused me to sell on the dip of the 8:00 est candle LOL
The risk is what gives value to an investment.
  • #1,295
  • Jan 8, 2008 9:24am Jan 8, 2008 9:24am
Dont Understand SiGnal Happened At Close Of 1300 Gmt Candle
  • #1,296
  • Jan 8, 2008 9:39am Jan 8, 2008 9:39am
you wait for a confirmation on one of the three indicators, if the next candle is opposite direction from the one that gave you the signal ( like was now on jpy crosses) you already are in a position to close on a loss , since you waited for the third indicator to give green light and it was JUST gave you that cross .
The risk is what gives value to an investment.
  • #1,297
  • Jan 8, 2008 9:43am Jan 8, 2008 9:43am
GBP/USD looks like it may give a signal today, but there is good support at the 1.9730 to 1.9735 area, so I maybe wait for the candle to close below this level before going short, target 1.9700, (30pips).
  • #1,298
  • Jan 8, 2008 9:49am Jan 8, 2008 9:49am
3 Cent I Still Dont Get What You Are Saying All 3 Indicators Were Line Up At The Close Of 1300 Gmt Candle Thats Why I Put Trade On. As Far As Putting Another Trade On Today I Wont Its Almost 11 Am Session Begins To Die Down But Thats Just Me I Got To Go Wife Is Beckoning Me See You Guys Latter
  • #1,299
  • Jan 8, 2008 9:51am Jan 8, 2008 9:51am
Quoting logical1
GBP/USD looks like it may give a signal today, but there is good support at the 1.9730 to 1.9735 area, so I maybe wait for the candle to close below this level before going short, target 1.9700, (30pips).
I'm following the same thing ... 10 min and we'll decide
  • #1,300
  • Jan 8, 2008 10:00am Jan 8, 2008 10:00am
I did not trade GBP/USD...........so very close, but buyers came ina at last second.

put me off
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