Cool Runnings intraday swing trading

I'm doing too many things at once and need to focus on my trades. After reminding everyone on the video about the BOE Monetary Policy Comittee minutes coming out, I didn't move my stop before the announcement to protect profit! That's what caused the reversal, as they decided not to change rates.

I need to follow my own advice better! LOL!

hi fx

hows it going

just had a look at the video,very good

had a look at a couple of steve nison videos,opened my eyes abit

now im just waiying for a trade to set up

john

Hey John!

Was wondering where you've been! Thought maybe you took that holiday you were talking about. Been meaning to watch a couple of his vids too. Did you buy his service? Just wondering how it's going, or does he only do training? I forgot. Good to hear from you! Happy Trading!

Cheers! Chuck

Going to bed guys,

Posted another video, reviewed some things going into NY. Also went over the how and why, of my trade exit, and the mistake I made, not moving my stop to preserve profit before news. Had trouble with youtube, uploading, but it is up now.

Have a good day/evening (whichever applies to you)

Ciao

JPY Trade Balance came back with numbers 25% lower than expected, which is very bleak. Thus the 100 pip moves in the GBPJPY and the EURJPY. I haven't been paying enough attention to the news calendar as of late. I preach it all the time, and that is the first thing I should do when I sit down at the comp.

http://www.forexfactory.com/showthread.php?t=140130

Hey Trade987,

Does look as though it was, but I think the decline in the JPY was attributed to the Trade Balance numbers being so bad.

This is the first time I've seen the Master Candle system. I like the concept, especially because it is a high probablility trade. In some trading conditions, you will be missing the break of any squeezes of the price.

As an example, I posted charts on the blog as this move started, and pointed out that a squeeze formed on the EURJPY, down against 132.85m and made a break up above 133. Also similar squeezes on the EURUSD and the AUDUSD. A consolidation was then forming on the GBPJPY. Long story short, I use a range break method, much like the Master candle system, just in certain PA conditions, I usually use the squeeze breaks more often, and use the range breaks for tighter ranges. Everytime I do draw a range, there always tends to be a "master" candle somewhere in it.
Thanks for pointing that out Trade987!

took the break of 155.50 on the GBPJPY. Was busy typing something else and didn't get to post the setup, sorry

Have my stop at 155.45, just in case it was a temporary surge at market open

moved stop to .25, PA is keeping me bullish

London open is in a few minutes. Might close manually if PA goes south.

May enter a sell if it falls below 155 after London open. Here's a look at the Fib from yestrday's low to this candle's high. Fib is in green.

Closed at .50, for -7 pips. Cable and USDJPY were falling quickly, and sucked the GBPJPY down with them.

GBP retail sales is coming out in an hour and 10 minutes.

hi fx

sent u a email mate

john

Thanks John!

I'll go check it out, and get back to you!

GBP Retail Sales out in 3 minutes

GBP data is good, but a revision to last months numbers made those numbers worse. Slight move up, may continue up as mortgage approvals were better than expected also.

Thanks for the Email Mate!

I'll try and figure it out. Thanks!

Hey Guys,

I posted a video explanation of why my emotions flushed me out of that last trade too early.... a little funny.

My bedtime now. Trade Safe!

I just made a post to the blog about the GBPJPY and the EURJPY, and how they are both forming clear support levels, over the past few hours, and to watch for breaks below. I like to see the 1H candles come down and make the touch of the support being formed, 3 or 4 times, and then watch for a break. the 23.6 Fib has broken on the GBPJPY. Also, support at 134.18, near the 38.2 Fib, broke on the EURJPY. Video later.

Hey Guys,

Friday is here. I was watching a consolidation on the GBPUSD, but it already broke for about 50 pips, then came back down and is finding support at 1.6500. Also another on the USDCHF, that broke for about 30. Nothing earth shaking.

The range on the USDCAD is less than 20 pips for tha past 5 hours. Not a pair that I've been keeping up on lately. But a break below 1.0890 would be tempting.

I'm probably going to call it a week guys. My sleep schedule has been thrown out of wack, and I need to get it strightened out. So probably going to sit with the laptop a bit, and go to bed. If you get really bored, there a couple new videos posted.

Trade safe, and have a good weekend!