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the key to the mint

  • #2,881
  • Feb 24, 2008 6:18pm Feb 24, 2008 6:18pm
I agree, but I think you mean the first one = g/J ?
Quoting Trader4Life
up coming trading session's signals

GC - N/T
GU - LONG
GC - SHORT
EJ - LONG
AJ - LONG
CJ - SHORT

IMO, consider avoiding GC due to channeling and EJ near major resistance.
Good luck to all!
FF journal: Peaks and Troffs
  • #2,882
  • Feb 24, 2008 6:20pm Feb 24, 2008 6:20pm
Looks like serious divergence on G/$. I wont be taking a long on it.
FF journal: Peaks and Troffs
  • #2,883
  • Feb 24, 2008 6:33pm Feb 24, 2008 6:33pm
Bogus,

that's correct, GJ is the symbol and it's a No Trade. Nice Catch!
  • #2,884
  • Feb 24, 2008 6:36pm Feb 24, 2008 6:36pm
for G/$, there seems to be a bit of a channel as well. Price is in the lower half, so the long signal would or could be ok, especially if trade signal occurs and its a winner!

The GC channel has price at the bottom half and the signal is a short.
  • #2,885
  • Feb 24, 2008 6:46pm Feb 24, 2008 6:46pm
T4L, I don't see a channel on G/U. Can you post a chart please. It takes me a while to get into the groove at the beginning of the week. Thanks.
FF journal: Peaks and Troffs
  • #2,886
  • Feb 24, 2008 7:01pm Feb 24, 2008 7:01pm
not sure now to post chart, but if you look at daily chart from today all the way back to 1/1/08 you will see a channel forming. based on my limited technical knowledge and understanding, this is what i see.
  • #2,887
  • Feb 24, 2008 7:12pm Feb 24, 2008 7:12pm
Sorry. I can't see itThis is what I see on hourly.Also, its had a huge run up and looks like its heading down to me.Good to hear other opinions.
Quoting Trader4Life
not sure now to post chart, but if you look at daily chart from today all the way back to 1/1/08 you will see a channel forming. based on my limited technical knowledge and understanding, this is what i see.
Attached Image (click to enlarge)
Click to Enlarge Name: jjjjjjjj.gif Size: 24 KB
FF journal: Peaks and Troffs
  • #2,888
  • Feb 24, 2008 7:29pm Feb 24, 2008 7:29pm
I am referring to the daily chart.

Since you posted the 1hour chart, it does show a different picture and makes a short trade more favorable!
  • #2,889
  • Feb 24, 2008 7:40pm Feb 24, 2008 7:40pm
Yeah, I was looking at daily before I posted just can't see the channel.I'm testing out this system and will only take trades as per the rules.So even though I expect it to drop I won't take the trade on my "mint" test a/c.cheers
Quoting Trader4Life
I am referring to the daily chart.

Since you posted the 1hour chart, it does show a different picture and makes a short trade more favorable!
FF journal: Peaks and Troffs
  • #2,890
  • Feb 25, 2008 2:57am Feb 25, 2008 2:57am
Hi

I agree with all but one of the trade directions.

Re the GB/US just to clarify

Looking at the chart the MAs are long but on my chart the RSI is not over 50 it is right on it, would you go long with the RSI on and not over 50 or would you consider it not a signal?

Also I see a channel on the daily going back to Nov 07 and todays candle is at the top of the channel and funny enough turning bear. So I have it as a no trade. Anyone see this or am I reading the chart incorrectly? Thanks for your help

CW
  • #2,891
  • Feb 25, 2008 3:09am Feb 25, 2008 3:09am
chart attached

cheers

CW
  • #2,892
  • Feb 25, 2008 3:14am Feb 25, 2008 3:14am
try again
Attached File(s)
File Type: pdf gbus.pdf   18 KB | 612 downloads
  • #2,893
  • Feb 25, 2008 3:19am Feb 25, 2008 3:19am
hi courtney,

agree,probably 1 of those iffy trades better 2 not trade it if not 100%

cheers andrew.
Survive & Preserve
  • #2,894
  • Feb 25, 2008 4:36am Feb 25, 2008 4:36am
Thats how I see it too. A question for anyone please: Do you have to wait for a fresh signal to occur if the last signal was a couple of bars back, or just join in the trend at the close of the current bar close.(hourly)
Thanks
Quoting courtneywild
chart attached

cheers

CW
FF journal: Peaks and Troffs
  • #2,895
  • Feb 25, 2008 8:52am Feb 25, 2008 8:52am
Hi

On the hourly:its the close of that candle at the corss of ema's as a signal. I dont think you can enter after that. Mind you i have enterd on the candle following but no latter. Thats how I beleive it works but I am open to correction.

CW
  • #2,896
  • Feb 25, 2008 4:14pm Feb 25, 2008 4:14pm
trades for 2/26; looks like long on all with the exception of the GBP/CHF which is short. my signals may be a little different, I use Alpari which is 1 hr ahead of gmt. it seems to work about the same. good trading.
Hej.
  • #2,897
  • Feb 25, 2008 4:40pm Feb 25, 2008 4:40pm
Good evening all!

Yesterday i posted the signals and IMO stated to avoid the GC short trade. At the close of the 7gmt bar was the first signal available to trade. Yes, it was the GC and I took it! I did end up placing at 25pip TP instead of a 30TP. We all know the end result of that trade ---- a looser!

All day I have spent time here and their during my busy schedule reflecting and thinking of how this happened. I read the charts and used discretion at around 8pm eastern time (New York) and then took a 3.5 hour nap to get up in time to trade the close of 6gmt bar. When waiting for the trade signal and took it at the close of 7gmt bar, i had completely forgot, blocked, ignored, etc what i had originally stated or my instinct told me to do. I even wrote it down in my trading journal to help guide me thru trading time. All day, i wish i had just set the TP at 15pip or wish i had gone back to sleep after close of 6gmt bar. I even looked at possibly getting into the trade at close of the 6gmt while the emas were 2 number values from crossing, but recall last week a trade set up was like this so close and turned into a looser in front of my eyes while saying it's great to have these rules and follow them! So, getting in just prior to the ema cross is a gamble and rules out justification just because it would have worked last night. I continued to think and ponder this trade loss to improve my skills as a MINT TRADER!

The bottom line was to trust my initial instinct and double check it 5minutes prior to close of a bar that may have a signal. Discretion is needed and not simply taking a trade to take a trade every evening, by the way which i did last week. My weak points are there and see them here and there a little. The true test is to see them, act upon them correctly, and with little emotion.

I hope my confession of last night's trade too all who read this will aid in my learning (and yours as well if you desire so)! I hope talking out, disecting, analyzing, reviewing actions, etc. will improve the MINT trading skills in larger leaps and bounds.

Sincerely,

T4L
  • #2,898
  • Feb 25, 2008 6:45pm Feb 25, 2008 6:45pm
hi trader4life,
yeah i took the trade 2 on g/c,thanks 4 ur honesty,i reckon its helps us learn.
looking back @ trade it wasnt the best trade.but hindsight is great.
i have all signals long 2day except g/c .

cheers andrew.
Survive & Preserve
  • #2,899
  • Feb 25, 2008 6:46pm Feb 25, 2008 6:46pm
Don't be too hard on yourself T4L, it happens to everyone. I took that trade for -30 and the EU at 06:00 for -16 also.... Hopefully the rest of the week will be much better. Both looked ok to me..... I noticed no one mentioned the EU trade tho... It was a valid signal on my chart. I didn't see your warning about the GC on the Mint Forum.. I will check closer next time.


MykeFX
  • #2,900
  • Feb 25, 2008 7:00pm Feb 25, 2008 7:00pm
mykefx the e/j was a good trade, saw it didnt take, on ur chart was it only the stochs that crossed,emas were above as was rsi.
well done though.

andrew.
Survive & Preserve
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