DislikedOne more indicator that I'm using with your system is in10tion news reader 0.97. Iy gives very nice overview of the pair plus it shows the news.Ignored
- #144
- Oct 29, 2009 4:10pm Oct 29, 2009 4:10pm
I was looking at my charts today, and I noticed a lot of bounces at certain s&r levels. It is very important that you consider where the s&r levels are before you take a trade. The colored 50sma on my charts also acts as support and resistance and could be used as a target option too. Look at how price respected these levels. This is why trend lines, pivot points, and s&r levels are apart of this method. Look at these charts and notice where I put the red arrows.
- #146
- Oct 29, 2009 4:50pm Oct 29, 2009 4:50pm
Gbpusd daily looks good to me. Looks like we might have a trend change. Look at the daily and weekly charts. On the daily, price broke through the upper trend line and resistance level. Then it came back down through the upper trend line to test the 50sma and was rejected. Then price broke back up through the upper trend line and resistance level again. If this current candle closes above the resistance level, I'm going long on this one. My target will be at the next resistance level (red arrow).
- #151
- Oct 30, 2009 4:23pm Oct 30, 2009 4:23pm
Ended up cutting the GBPCHF for +100 pips.
Gonna sit and see where yours goes Lg!
I was happy none the less!
Thanks again Lg!
- #152
- Oct 30, 2009 6:32pm Oct 30, 2009 6:32pm
A quick question Lg? 
In the case of the open GBPCHF position, would you have brought your SL up to breakeven or higher seeing it open over the weekend?
Or would you still keep your SL intact from original entry?
Just curious of any precautionary actions you might take for positions open over the weekend, or if you have a method of moving the SL ever?
Thanks again and have a great weekend guys!
In the case of the open GBPCHF position, would you have brought your SL up to breakeven or higher seeing it open over the weekend?
Or would you still keep your SL intact from original entry?
Just curious of any precautionary actions you might take for positions open over the weekend, or if you have a method of moving the SL ever?
Thanks again and have a great weekend guys!
- #153
- Oct 30, 2009 6:50pm Oct 30, 2009 6:50pm
A quick question Lg?
In the case of the open GBPCHF position, would you have brought your SL up to breakeven or higher seeing it open over the weekend?
Or would you still keep your SL intact from original entry?
Just curious of any precautionary actions you might take for positions open over the weekend, or if you have a method of moving the SL ever?
Thanks again and have a great weekend guys!
- #158
- Oct 31, 2009 10:12pm Oct 31, 2009 10:12pm
Keep an eye on usdjpy when the markets open tomorrow. Look at this chart. Notice that all of the signals are there to go short except for the 2ma cross signal. If the 2ma cross signal appears on this candle(red line) tomorrow, then we would have all of the signals on one candle. This means that there should be a strong move south. I'm going short on this pair if the 2ma cross appears. Also note that price broke north through the pivot point and the trend line. Then price went up to resistance level 92.49 and was rejected. Then price went south after the rejection and broke through two trend lines, the 50sma, the pivot point(red arrow), and the candle closed under all those levels.
