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  • #103,821
  • Jun 1, 2009 10:12am Jun 1, 2009 10:12am
Quoting M.A.C.Doug
not for me, Im up 8% since the london open so Im calling the day over, its 1am here in Oz and I gotta go to work tomorrow - enjoy your day!
Good trading. See ya tomorrow.
  • #103,822
  • Jun 1, 2009 10:13am Jun 1, 2009 10:13am
Quoting Atlast
Thanks, lightened the load at 1.4149. Seems a consolidation is in order.
Agreed. I'm still waiting for an acceptable setup.
  • #103,823
  • Jun 1, 2009 10:13am Jun 1, 2009 10:13am
I pulled the stop to B/E on the remaining lots so gauranteed winner. Looking for the all important green arrow now.

Ne

Quoting Nene
Was asleep when the 4 Hr signal hit. But the nice thing about the 4 Hr is there will always be some kind of pullback. Got in at 1.4212 and pulled 1/2 off at 1.4162. Just got to remember, its a counter and I am not expecting much more than 100 or so.

NE
  • #103,824
  • Jun 1, 2009 10:15am Jun 1, 2009 10:15am
Quoting Nene
Was asleep when the 4 Hr signal hit. But the nice thing about the 4 Hr is there will always be some kind of pullback. Got in at 1.4212 and pulled 1/2 off at 1.4162. Just got to remember, its a counter and I am not expecting much more than 100 or so.

NE
Why not just pay attention to your bollinger band center.
  • #103,825
  • Jun 1, 2009 10:15am Jun 1, 2009 10:15am
have just out from long on 4154
earning just some pips....
movement to 49 makes me aware
- Always pray on your trading - God know the best for everyone
  • #103,826
  • Edited 10:28am Jun 1, 2009 10:16am | Edited 10:28am
Pay attention to the fact that the USD/CHF made a significant price break through the blue long term resistance zone and most probably will come back for a test of the break somewhere between points B and A.

EUR/USD should follow suit with a small bearish retracement. This pair has hit both of my long term profit projections from the 12th of last month and I believe there is more bullish momentum on the way. I will be scaling into more longs on the following retracement points are: 1.4052; 1.3900; 1.3696. If price closes below 1.3696 this week all longs will be closed and I will wait for direction confirmations. Right now the monthly Eur/Usd has shown a STOCH cross above the oversold line which has been a strong bullish singal in the past.

I expect USD CHF to move into the greenish price support resistence zone from C to F with extreme support resistence between D and E. If price retraces and closes above A all bets are off and I will be out of the market until further analysis can provide clear direction.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurusdmonthly.gif Size: 26 KB
  • #103,827
  • Jun 1, 2009 10:23am Jun 1, 2009 10:23am
Quoting M.A.C.Doug
not for me, Im up 8% since the london open so Im calling the day over, its 1am here in Oz and I gotta go to work tomorrow - enjoy your day!
nice going there Doug
Twitter: @forexpokerpro
  • #103,828
  • Jun 1, 2009 10:23am Jun 1, 2009 10:23am
Quoting kingindian
have just out from long on 4154
earning just some pips....
movement to 49 makes me aware
ouch im out at 64....while now its at 8x
- Always pray on your trading - God know the best for everyone
  • #103,829
  • Jun 1, 2009 10:24am Jun 1, 2009 10:24am
Gone short again 1.4183. SL 8pips.
  • #103,830
  • Jun 1, 2009 10:25am Jun 1, 2009 10:25am
Quoting Nene
Was asleep when the 4 Hr signal hit. But the nice thing about the 4 Hr is there will always be some kind of pullback. Got in at 1.4212 and pulled 1/2 off at 1.4162. Just got to remhttp://www.forexfactory.com/images/icons/icon7.gifember, its a counter and I am not expecting much more than 100 or so.

NE
werent you doing well only taking trades with the trend as indicated by the BBmacd?

Quoting BBPI_fxtrader
nice going there Doug
thanks, but dont read too much into it, its only demo, I do it all the time but doesent stop me tanking my live accounts. I have high hopes for my next live attempt given the discipline and consistency I have apllied to this demo though
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  • #103,831
  • Jun 1, 2009 10:31am Jun 1, 2009 10:31am
Because this is working better. Divergence + BB Bands = better signal. It is working better than I ever thought.

Ne

Quoting Atlast
Why not just pay attention to your bollinger band center.
  • #103,832
  • Jun 1, 2009 10:33am Jun 1, 2009 10:33am
Quoting M.A.C.Doug
werent you doing well only taking trades with the trend as indicated by the BBmacd?


thanks, but dont read too much into it, its only demo, I do it all the time but doesent stop me tanking my live accounts. I have high hopes for my next live attempt given the discipline and consistency I have apllied to this demo though
Respect to anyone who has the discipline to switch from live to demo!
  • #103,833
  • Jun 1, 2009 10:34am Jun 1, 2009 10:34am
Quoting Nene
Because this is working better. Divergence + BB Bands = better signal. It is working better than I ever thought.

Ne
I thought you were setting up for a long. Better stick to what works for you.
  • #103,834
  • Jun 1, 2009 10:34am Jun 1, 2009 10:34am
Macd works fine, but I wanted an audible alert and to show div. and this is what I come up with. If I am wrong, please let me know. I just realised I had a Bullish signal on the 15 Min 6 candles back. Should have used it for a hedga.

Ne

Quoting M.A.C.Doug
werent you doing well only taking trades with the trend as indicated by the macd?


thanks, but dont read too much into it, its only demo, I do it all the time but doesent stop me tanking my live accounts. I have high hopes for my next live attempt given the discipline and consistency I have apllied to this demo though
  • #103,835
  • Jun 1, 2009 10:37am Jun 1, 2009 10:37am
I still am, but on backtesting this the counter signals averaged between 40 and 150 pips, hence the 1/2 profit locking at 50 pips. I agree, and you are prolly right, I probably should be just waiting on Green arrows at this moment.

Quoting Atlast
I thought you were setting up for a long. Better stick to what works for you.
  • #103,836
  • Jun 1, 2009 10:40am Jun 1, 2009 10:40am
Took some profit, can feel the tension in the move as a lot of buying and selling going on.
  • #103,837
  • Jun 1, 2009 10:41am Jun 1, 2009 10:41am
Still on the sidelines... wouldn't suggest opening a position here...
  • #103,838
  • Jun 1, 2009 10:41am Jun 1, 2009 10:41am
I noticed the Dotted line on BB MACD moved above the RSI line so I figured the red arrow was a good one. Turns out I was right. I know I am new to this thread and all, but if someone would be kind enough to work with me, I believe this could be a deadly trading strategy.

Ne
Attached Image (click to enlarge)
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  • #103,839
  • Jun 1, 2009 10:43am Jun 1, 2009 10:43am
Quoting Nene
Macd works fine, but I wanted an audible alert and to show div. and this is what I come up with. If I am wrong, please let me know. I just realised I had a Bullish signal on the 15 Min 6 candles back. Should have used it for a hedga.

Ne
I thought you were using the BBmacd indicator to determine the trend and then taking signals from your cci divergence in that direction. At a glance its probably one of the better indicator systems I have seen - thats not hard though given that most are hopeless
You should start a new thread if your keen to share it
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  • #103,840
  • Jun 1, 2009 10:44am Jun 1, 2009 10:44am
Quoting Nene
I still am, but on backtesting this the counter signals averaged between 40 and 150 pips, hence the 1/2 profit locking at 50 pips. I agree, and you are prolly right, I probably should be just waiting on Green arrows at this moment.
What you want to look at is just not number of pips, but the no of bars that gives you those averages, then you would have a good idea when best to TP or partial TP. don't bother of course if it complicates your system.
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