Hi,
I trade 5 pairs... I trade the 4 majors on the daily time frame. I have a daily system that lets me sit down at market open each day and set up my trades and adjust the rest, It takes me about 1/2 hour to do this.
I also trade the G/U with you guys and the E/J on my own because of the smooth moves it makes all the time. Yes I traded the E/J the other day. If you look below at the 4 hr chart we were talking about your 1 Hr trendline, seen here in light blue, and the price right there. Then you go down to the 5 Min chart you can see the familiarity of the first chart on the E/J trade before it happend.
The evidence:
1) The pair is forming higher lows, but as yet no higher high.
2) There is a cup & handle formation
There are no stars yet, so I am looking for a sign that this wants to go long.
A break of the 9700 would get me in to the bottom of the channel, to go long I would need some real good signals on the 5 or 15 or a break of the 89 and the Daily Pivot and test. Lets see how it pans out Sunday night.
Jim
[quote=Bones;1982281]
I trade 5 pairs... I trade the 4 majors on the daily time frame. I have a daily system that lets me sit down at market open each day and set up my trades and adjust the rest, It takes me about 1/2 hour to do this.
I also trade the G/U with you guys and the E/J on my own because of the smooth moves it makes all the time. Yes I traded the E/J the other day. If you look below at the 4 hr chart we were talking about your 1 Hr trendline, seen here in light blue, and the price right there. Then you go down to the 5 Min chart you can see the familiarity of the first chart on the E/J trade before it happend.
The evidence:
1) The pair is forming higher lows, but as yet no higher high.
2) There is a cup & handle formation
There are no stars yet, so I am looking for a sign that this wants to go long.
A break of the 9700 would get me in to the bottom of the channel, to go long I would need some real good signals on the 5 or 15 or a break of the 89 and the Daily Pivot and test. Lets see how it pans out Sunday night.
Jim
[quote=Bones;1982281]
DislikedSorry about this yen cross guys but it is a perfect example of how my little progressive scalper worksquote]
Hi Jim just wondered did you take that trade ,and how many other pairs do you trade?Ignored