Been reading on FF for quite sometime now. This past Friday I discovered Dan's London Open and have been inspired and elated ever since. Don't know how many times I've read thru every post, but haven't had much shut eye this weekend. Decided to become a member of FF because of this thread.
Dan, you and your team are pulling in some major pipage, great job. What you guys are managing to accomplish in one week takes me a month or more. I thought what I'm doing was good, but your just market wizards!
FX Pimp, what you have done with Dan's teachings in such a short period of time is a beautiful thing. Keep doing what your doing I really enjoy your posts.
I Downloaded the WHC Demo trying to get the charts setup. Thanks to everyone for all the help.
Not sure about anyone else but the action so early was a little bit prohibiting, was it not ?
Short early doors at 104.41 on USDJPY now looks a bit rubbish with DJI finding a little bet of support and the rest of the yen pairs raising their game.
My stop is at .35 so a no lose situation.
With Dow supported, dragging USDJPY and EURUSD looking quite strong then the play would be EURJPY on the break of 162.50
Not sure about anyone else but the action so early was a little bit prohibiting, was it not ?
Short early doors at 104.41 on USDJPY now looks a bit rubbish with DJI finding a little bet of support and the rest of the yen pairs raising their game.
My stop is at .35 so a no lose situation.
With Dow supported, dragging USDJPY and EURUSD looking quite strong then the play would be EURJPY on the break of 162.50
Thanks for all your kind words Slinger.
Ignored
Yes it was - I ended up taking small pips on e/j but shuld have followed rules on cci 21 and 84 as trade still going up. Stayed out of everything else. Nice work and good pips today
Got a conference at 11am with guys who want to join the room. I will be back with my analysis after the session.
Messy start and wasnt too keen on putting too much risk on this am...Top guys today picked up 130ish and most picking up 15 to 20...At least no bad trades and good to be conservative with days like today...
Pls email [email protected] and he can forward on to the appropriate place.. I'm snowed under at the moment but will be back later today.
Cheers
Dan007
PS Its a real buzz when all around r making money...Great work all.
USD weakness came in across the board in USDJPY, USDCHF and GBPUSD.
The problem with today was the conflict between the 4HR moving average's and the 15min direction. Conflict on charts alerts me to caution and i hate buying or selling into MA's even if the CCI's are telling me to do so...
The 84CCI rocks as we know and the team are still making between 20 and 120 points on a cloudy day with conflict of choice.
Gold is stuck in an ascending triangle and needs to break the top side for USD weakness to continue... I keep thinking the USD is coming back into play which is really frustrating...
In CABLE a lot of the guys went long on the break of the 20ma at 40 for a sneeky 30 pips... Great trade..Others thought it was too risky which is fair enough.
Many closed DOW positions today for 150 pips so well done to those guys...Monkey Boy alerted us brilliantly there...
Anyway this is the psychology of trading... Got to keep buillding those cheeky little pips in the bank without making silly mistakes.
Speak later
Dan007
PS That conference went very well... If u r keen email FXPimp..
Another good live room today. Although the markets were a bit messy and I did not trade, i learnt a great deal from the analysis. There were trades that were identified that provided some pips, but these did not match my own personal strategy and guidelines. Today, served as a reminder for that. Sometimes you need to sit on your hands and wait, because on this strategy you are teaching a set up is never far away.
Been asked a few questions and Rock i am sorry for not getting back to you before lunch..
Yes great trade in GBPJPY... 84CCI has been down for ages and the momentum when it crosses the 0.00, shows the start of the move. Even wait for the 123 step...
Gutted i missed it as looking at other stuff but yes great trade. Any currency that falls 500 points from 209.00 needs to retrace 50% as per usual.
I was eating my lunch and paranoid that EURUSD wasnt going to fall but with GOLD having lower highs all day, it had to break today with USD strength coming into play and that is why i held the EUR position with GOLD...
The quiet day is turning out ok. I have just picked up another 52 on GBPCHF long and i'm short EURGBP from .7909. Closed half the EURGBP at .7892. This was around the 1hr 50ma.
Maybe should've held the GBPCHF for a bit longer but happy with todays pips.
Longer term EURUSD from last week working out well... Short from 1.5600 as discussed in the room. 1.5300 on the cards now after the small retracment...
This morning was rubbish with these retracments but patience is key and all trades turned around well and looking good.
A nice one on the gold that turned out to be !! 127 pips in under 1/2 hour.
Got to be nice. fortunately closed out my cable trade with 54 before it fell through the floor.
