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the key to the mint

  • #2,641
  • Feb 5, 2008 9:55am Feb 5, 2008 9:55am
I caught the aud/jpy for +24 but missed the gbp/jpy bus. I am pleased with the +24 that I did get.
  • #2,642
  • Feb 5, 2008 9:56am Feb 5, 2008 9:56am
good job fxpivots the gbpjpy was a rush trade for yen strength
  • #2,643
  • Feb 5, 2008 9:59am Feb 5, 2008 9:59am
Quoting harold4x
morning all i got a signal at 600 last night for audjpy long just woke up to see i just barely got the 30 everything else went the other way
Hi Harold,
Would you kindly explain why the A/J was an official Mint signal, or maybe it wasn't and you knew it was a good entry? The 4am GMT candle had the crosses on all three indicators, so did the open of the 5 and the 6 GMT. I belive you entered on the open of the 7gmt? I am new and trying to understand the system. Thank you for your generosity.
Michael
  • #2,644
  • Feb 5, 2008 10:39am Feb 5, 2008 10:39am
here is chart of the audjpy trade price didnt move much from signal that occured at 500 gmt
Attached Image (click to enlarge)
Click to Enlarge Name: 1.JPG Size: 101 KB
  • #2,645
  • Feb 5, 2008 10:40am Feb 5, 2008 10:40am
allivemind

I am not answering for Harold, but I can tell you what I did. The aud/jpy was an official mint signal because first the daily for that pair indicated the 5ema crossed up over the 8ema and also the rsi was above 50. At the close of the 1am est candle on the 1hr chart the 5ema was crossed up over the 8ema, the rsi was above 50 and the the stocs was crossed up. Therefore, enter the trade when the 2am est candle opens.
  • #2,646
  • Feb 5, 2008 10:48am Feb 5, 2008 10:48am
i guess i didnt need to post chart fxpivots explained it perfectly
  • #2,647
  • Feb 5, 2008 10:52am Feb 5, 2008 10:52am
Quoting harold4x
i guess i didnt need to post chart fxpivots explained it perfectly
The chart is very much appreciated, Harold. Even though I understand why the trade was entered, it's much easier for me to see what's happening on a chart. If nothing else I can compare to mine and make sure I'm on the right track.
  • #2,648
  • Feb 5, 2008 11:06am Feb 5, 2008 11:06am
Quoting harold4x
i guess i didnt need to post chart fxpivots explained it perfectly
As the saying goes a picture is worth a thousand words, in this case it was worth +30 pips.
  • #2,649
  • Feb 5, 2008 11:12am Feb 5, 2008 11:12am
good point fxpivots. let me share the thought process a little if we get 2 signals at same time we kind of look for tie breakers i recommend putting on 1 trade at a time so as i mentioned before the emas were spreading apart better on audjpy and of course the news earlier that aud raised interest rates which increases spread with jpy and just by looking at the chart cadjpy was going sideways and audjpy was beginning to trend up so the tie goes to audjpy this process must be done am i always right no but a high percentage of the time i am and so will you
  • #2,650
  • Feb 5, 2008 11:36am Feb 5, 2008 11:36am
Quoting harold4x
good point fxpivots. let me share the thought process a little if we get 2 signals at same time we kind of look for tie breakers i recommend putting on 1 trade at a time so as i mentioned before the emas were spreading apart better on audjpy and of course the news earlier that aud raised interest rates which increases spread with jpy and just by looking at the chart cadjpy was going sideways and audjpy was beginning to trend up so the tie goes to audjpy this process must be done am i always right no but a high percentage of the time i am and so will you
Thanks Harold. I think that when you share your thought process with us, our trading IQ grows by leaps and bounds.
  • #2,651
  • Feb 5, 2008 11:39am Feb 5, 2008 11:39am
i dont know about that if mine is 45 and your is 100 then it seems to me a decrease in I Q
  • #2,652
  • Feb 5, 2008 12:03pm Feb 5, 2008 12:03pm
Tried trading Asia Session last night (ibfx demo).

GBPJPY Short at 4:01GMT - Loss 22pips (stochs turned up on candle close)
- when the signal came at 4:00 the 1hr stochs were barley pointing down and just slighlty crossed

GBPCHF Short at 5:14 - Loss 20 pips, stop loss hit at 6:10
- same thing, stochs were giving a very weak direction when I took the signal

AUDJPY Long at 6:33 - Win 30 pips, TP hit at 8:28, got into the trade a little late, missed close of 6:00 candle. Looked like a strong signal so hopped in anyway.

I'm still trying to tweak the hours I trade to best fit my schedule so I don't have to wake up in the middle of the night. I too am EST.
  • #2,653
  • Feb 5, 2008 12:24pm Feb 5, 2008 12:24pm
stoli on the gbpjpy at 400gmt there was no signal (other than its not 600 gmt) the stoc was up gbpchf also stoc was above try this stoli if you can stay up for 600 and 700 gmt candle which is 3 am est usually signal happens between these 2 hours. then put trade on set target and stop and go to sleep thats going to be my way of trading now to be able to get a good 6 hrs sleep and if there is a loss there is a loss a win then theres a win. i dont know when you have to go to work but you can see if there is a signal at 1300 and 1400
  • #2,654
  • Feb 5, 2008 12:40pm Feb 5, 2008 12:40pm
harold i took the trade on gpbjpy on close of 3:00 gmt candle, at 4:00gmt. My charts showed a valid signal however as I mentioned in the above post the stochs were barely crossed and only the blue was pointing down, therefore i took it as a weak signal but I can see if that is why your referring to this as no signal.

Lucky me i don't have to work , i just have to go to class (undergrad) and with exams I don't want to be getting up in the middle of the night. But after reading what was said in the chat room I like your idea of staying up til 3am or so and taking those trades.

I know you don't like trading till 2am but I am toying with the idea of looking for signals from 9pm - 3am and at 3 am putting on the TP, SL and maybe a TS.

im not sure how you feel about the asia session, I've been doing some research on what pairs move and ill keep posting my demo results, feel free to let me know what you think
  • #2,655
  • Feb 5, 2008 12:58pm Feb 5, 2008 12:58pm
the reason i dont trade the asian or after 1500 is because volumn is low this is a momentum type trade and volumn and volitility is needed are there some moves outside mine time range yes just not enough of them and therefore you can get caught in a false move remember to those that are new to trading DONT OVER TRADE!!!!!
  • #2,656
  • Feb 5, 2008 5:45pm Feb 5, 2008 5:45pm
picked up +10pips on AJ last night.

was nervous so changed TP from 20pip to 10pip and went to sleep. Nice job to all those who got 30 - 20 25pips. I need to improve on this section of the methodology. That internal struggle of gains 20...take 10 instead of a lost....its ok....
  • #2,657
  • Feb 5, 2008 6:56pm Feb 5, 2008 6:56pm
Hi All I Am Over On Trading Rooms And I Am Going To Do Some Audio And Show Todays Charts
  • #2,658
  • Feb 5, 2008 8:40pm Feb 5, 2008 8:40pm
Quoting harold4x
Hi All I Am Over On Trading Rooms And I Am Going To Do Some Audio And Show Todays Charts
Hey Harold, how do I get into the chatroom again??
  • #2,659
  • Feb 5, 2008 8:56pm Feb 5, 2008 8:56pm
Quoting shaun365
Hey Harold, how do I get into the chatroom again??
http://forexfactory.com/showpost.php...postcount=2478
  • #2,660
  • Feb 5, 2008 9:15pm Feb 5, 2008 9:15pm
Hi All I Will Be Back There About 500 Gmt I Am Here Now
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