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The Raz Method

  • #281
  • Oct 27, 2009 9:53am Oct 27, 2009 9:53am
Quoting drmahathir
OK how about this one on GU?

I would have been safe and passed this one up, because of the closure of the current to last 4hr candle. It recently closed in between that channel of 10 em and 20 ema. But thats me.
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  • #282
  • Oct 27, 2009 9:56am Oct 27, 2009 9:56am
Well I try to get to you guys, and thanks for being their bud Psycic I hope you grabbed some good ones. I know I am off to a brutal start, but I could not fight sleep anymore and dozed off for like 4 hours. Only to wake up and miss signals again. Oh well! Like I said I will be on a rebound this week.


CURRENT STATS:
WEEKLY TRAIL:
5 WINS (5 MISSED)
2 LOSSES (0 MISSED)
EARNED THIS WEEK $-22.72
MONTHLY TRAIL:
STARTING BALANCE $400
MONTHLY GOAL $440
CURRENT BALANCE $395.92 (-11% OF C.M.G)
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  • #283
  • Oct 27, 2009 9:56am Oct 27, 2009 9:56am
raz bro what about the usd/chf trade, thats the only one appealing to me right nw...??
  • #284
  • Oct 27, 2009 9:58am Oct 27, 2009 9:58am
Quoting Psycic
raz bro what about the usd/chf trade, thats the only one appealing to me right nw...??

are you talking about taking a trade right now?


If that is the case, then I think its far exhausted it for to be valid...Or were you referring to earlier ?
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  • #285
  • Oct 27, 2009 10:03am Oct 27, 2009 10:03am
I do not void a take if the ADX Yellow line is below 25 line. Based on how strong the other signals are I will time to time take a valid entry even the if the ADX line is below the 25 line. This is only used to determine strength of a trend. If it really low, then I usually use that to filter a trade. However it isn't a main filter, just helps in determining what my decisions are.
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  • #286
  • Oct 27, 2009 10:08am Oct 27, 2009 10:08am
Quoting raz
are you talking about taking a trade right now?


If that is the case, then I think its far exhausted it for to be valid...Or were you referring to earlier ?

The trade that is happening now...ya i could feel that its not going any where...
  • #287
  • Oct 27, 2009 10:12am Oct 27, 2009 10:12am
how low can the adx be that you still consider a valid entry.
  • #288
  • Oct 27, 2009 10:23am Oct 27, 2009 10:23am
long usdjpy at 92.10 stop and limit set ...
consistency wins
  • #289
  • Oct 27, 2009 10:38am Oct 27, 2009 10:38am
Quoting iTrader
long usdjpy at 92.10 stop and limit set ...
Lets see if it goes up from here. I see it hitting a near resistance, but I am going to pull for ya. I passed it up because I personally, just me, would like to have it touch or break the 55 line. Then shoot up!
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  • #290
  • Oct 27, 2009 10:51am Oct 27, 2009 10:51am
Quoting raz
Lets see if it goes up from here. I see it hitting a near resistance, but I am going to pull for ya. I passed it up because I personally, just me, would like to have it touch or break the 55 line. Then shoot up!

hey raz

didnt it break the 55 line ?

but your right about the resistance i will look at price action if it gets there ...
Attached Image (click to enlarge)
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consistency wins
  • #291
  • Oct 27, 2009 11:02am Oct 27, 2009 11:02am
Quoting iTrader
hey raz

didnt it break the 55 line ?

but your right about the resistance i will look at price action if it gets there ...

See on my platform it never did, but yours it did. I can see where this can get a little arbitrary. Looking at your ADX green line, it was very close and pointing down, BUT I am not going to say you made the wrong entry, because overlooking everything I will say that I feel it it will take time, but I think it will get there. The overall trend is still up. After reading some economic data last week, they feel that the USD/JPY should hit 100.00 soon. However if it bounces on its way up there, let's hope that it does not go 25 back on ya.!! Let's get it
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  • #292
  • Oct 27, 2009 11:06am Oct 27, 2009 11:06am
Quoting Psycic
how low can the adx be that you still consider a valid entry.

Well if it is like below 10, then for sure I will make no entry, but if it is 13 and rising, then I would take. However it just depends on the other indicators, based upon how confirming they are. It is also when the macd histogram is bounces above and below the 0 line, this usually indicates range, but what if the signal comes right out of it? That could be your start to the trend. So lagging indicators are lagging indicators, but I use them to tell a story of where this potentially going. I would say most of my trades are below the 25 line, but if they are dead low like below the 10 line, then possibly almost 90% sure I will pass it up, but it all depends how I read the other indicators.
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  • #293
  • Oct 27, 2009 11:43am Oct 27, 2009 11:43am
Or shall I say the KING, is that I see it going back up!!
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  • #294
  • Oct 27, 2009 11:49am Oct 27, 2009 11:49am
up and down up and down, for sure it will take some time hehe, but its in an major uptrend so everything is possible , the rsi crossed one more time 55 line on my chart ,hopefully a good sign ..
consistency wins
  • #295
  • Oct 27, 2009 12:08pm Oct 27, 2009 12:08pm
first loser for today -25 .. lets see if i can catch a winner to make this loss up
consistency wins
  • #296
  • Oct 27, 2009 12:10pm Oct 27, 2009 12:10pm
Quoting iTrader
first loser for today -25 .. lets see if i can catch a winner to make this loss up

Sorry!! I hate it when that crap happens
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  • #297
  • Oct 27, 2009 12:15pm Oct 27, 2009 12:15pm
Quoting raz
Sorry!! I hate it when that crap happens
hehe, i dont like it either , but winners will come , this week im down -9 pips now, lets see how it will end
consistency wins
  • #298
  • Oct 27, 2009 3:30pm Oct 27, 2009 3:30pm
Be here for another 5 1/2 hours, will have to make tonight my night. Sitting 2 in the hole, and slept through the last two signals. Well I hope to be online with you guys tonight.
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  • #299
  • Edited 11:22pm Oct 27, 2009 9:31pm | Edited 11:22pm
Ok just got back from work. I will be sure to full time tonight, and catch hopefully all signals. The reality sucks right now, but I have faith I can turn positive by the end of tonight or by tommorrow.

Good luck
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  • #300
  • Oct 27, 2009 11:26pm Oct 27, 2009 11:26pm
cable looks like a good signal, but on 4hr so close to possibly breaking up. Need to see if it breaks the 1.6340 area, as you can see price action has tested that area multiple times. Going to pass this signal up for now
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