Guys, this is what I have done today:
5:13 GMT short GJ @ 214.70 hit SL @ 214.62 = $72.92
3:16GMT short GC @ 2.1832 hit SL @ 2.1828 = $35.85
I also went short at 6GMT on EJ @ 160.87 and hit SL @ 161.25 = -$345.87 what went wrong there??? eveything was lined up...
anyone had the same loss???
I am still in DEMO
- #1,422
- Jan 10, 2008 4:59am Jan 10, 2008 4:59am
5.13 & 3.16GMT are TOO early for this syetem.....I think that is till saian session, and vunerable to thin liquidity/quick changes..
6GMT, is just a loss from what i can see, \you are right, all was lined up crrectly.
don't loose faith, you have to loose 40% of the time if you win 60% of the time
You are right about the timing ... I'll only do it once London Opens..
cheers mate
- Syd
[dust is my bed...]
- #1,423
- Jan 10, 2008 4:59am Jan 10, 2008 4:59am
good morning everyone, hello autaret.
i do expect something in NY session, but i have no idea what!
my plan is
cad/jpy trend is down, has upper resistance at 109 and 109.50, failure to break these levels after testing, followed by a h4x signal will give me the balls to enter short
eur/jpy, trend down. i have upper resistance at 161.50 to 161.80, failure to break this level, followed by h4x signal to go short wil give me strength to do so.
eur/cad, trend is up. I see assending triangle, and want price to break and close above 1.4850 (obiosly there will be a signal to go long if this happens), but i want to see a retrace and test of the 1.4830 area before going long.
these are just my additions to h4x method, i hope i don't confuse anyone.
just adding to that element of discretion that we should all have.
you could still just follow the signals that the stochs/MA/rsi gove though
also news to watch out for, Trichet ECB and US afternoon chat.
- #1,424
- Jan 10, 2008 5:02am Jan 10, 2008 5:02am
What I don't understand is why you consider GY, and EY still good for short when yesterday the Stochastic closed above the signal. Also GC has been above signal for the last 3 days
GJ
GC
and
EJ
- Syd
[dust is my bed...]
- #1,425
- Jan 10, 2008 5:03am Jan 10, 2008 5:03am
What I don't understand is why you consider GY, and EY still good for short when yesterday the Stochastic closed above the signal. Also GC has been above signal for the last 3 days
they were still good for short on my platform, allbeit oversold.
no signals for the last hour close.
right I have to go to work now, see you all later.
lucky i only got 10 minute commute
- #1,426
- Jan 10, 2008 5:04am Jan 10, 2008 5:04am
Thank you dear friend, your analysis are very precious to me! I could add that GBPUSD is on the way to test the descending upper trendline (clearly visible on the hourly chart) area 1.9675. Followed to a4x signal will be a great opportunity to go short ... lets see the next hours what happens ...
bella bella
- #1,429
- Jan 10, 2008 5:24am Jan 10, 2008 5:24am
- Joined Mar 2007 | Status: Trader | 1,086 Posts
I didnt !! I took
GJ
GC
and
EJ
The quality of your life is brought about by the quality of your thinking.
- #1,430
- Jan 10, 2008 5:31am Jan 10, 2008 5:31am
- Joined Mar 2007 | Status: Trader | 1,086 Posts
The quality of your life is brought about by the quality of your thinking.
- #1,438
- Jan 10, 2008 6:15am Jan 10, 2008 6:15am
- Joined Mar 2007 | Status: Trader | 1,086 Posts
The quality of your life is brought about by the quality of your thinking.