The Raz Method

Going to nap out until the Euro Session opens, I am on windows live messenger, do not hesistate to hop on and give me a nudge anytime if you have any questions.

windows live messenger is:

[email protected]

Raz out!

Hiraz,on post 372 you invited people to pm you if they were keen on joining you in live messenger,just tried but you are not recieving pms
Liney

I apologize, my settings were wrong, should work now no problems

+25 pip on short of cable, at 1.6365

as you can see from pic below, pefect valid entry short, and it hit +25 within 20 mins.

I expect a big retrace on the cable once the session opens, but it is going to be in a downard trend for the most part.

Will post any trades that could have been missed.

I am looking take this short here if it breaks the 45 line on this close of this candle or the next. Everything else is lining up.

CURRENT STATS:
WEEKLY TRAIL:
1 WINS (1 MISSED)
0 LOSSES (0 MISSED)
EARNED THIS WEEK $0.00
MONTHLY TRAIL:
STARTING BALANCE $395.92
MONTHLY GOAL $484
CURRENT BALANCE $395.92 (0% OF C.M.G)

Did not close throught the line, will look at the close of this candle

meh, forget it all together, no trade now, it went bullish

nothings turning up these days, bcz the 4h does not know where it wants to go either..lol

In the 4hr charts, if there isnt a strong trend, then it produces very limited, or no valid entries at all. So far this week there were only two valid entries, that hit. Although I made a point to pass up the yen earlier because of holiday, it did have a valid sig the next day. So slow week, but no losers.

CURRENT STATS:
WEEKLY TRAIL:
2 WINS (2 MISSED)
0 LOSSES (0 MISSED)
EARNED THIS WEEK $0.00
MONTHLY TRAIL:
STARTING BALANCE $395.92
MONTHLY GOAL $484
CURRENT BALANCE $395.92 (0% OF C.M.G)

yup, very slow markets... lets see the next days... with rate decision etc. .. trend may come up and we get some valid signals

Does the usd/chf meet the criteria for a short at gmt 5
unsure about the macd.anyone care to comment?

I do not see a possible valid signal, because the macd filters it out. This has been one of the slowest weeks for this method. So much range between the majors, and this never goes well for this method. So many signals are filtered out. I hoping tonight we can see a strong trend form therefore we can hop in and grab some trades.

Let's keep an eye on cable here. Big jump on RSI, usually means a retrace on it, and which it did. If we watch closely we can get in maybe in a few candles, for a possible long.

Very weak trend according to the ADX, but I took a valid sig short.

LIVE TRADE:

Short 1.0164

During my live messenger we partly discussed taking the euro long. Here is the possible entry. I was about to take it, but I took the consideration that the macd signal line was still pointing down thus filtering any possible trade. However if you did take it, it did look like a good signal after all, and it definetly hit +25 pips.

Even though there was a news break out coming up, I choose to not trade this system based around news, simply because the countless hours that I back tested this system and made my adjustments never taking news times or signals when back testing. Here is the pic of the potential trade, if you took it, you would have been fine.

first pic is Euro long, that I filtered out, so I will not count this towards my stats.

second pic is the trade I did take short on swissy, and you can see that it is about halfway there from hitting the TP.

well as I was posting that last pic, the swissy made its break south and closed me out for a shot +25 pips.

CURRENT STATS:
WEEKLY TRAIL:
3 WINS (2 MISSED)
0 LOSSES (0 MISSED)
EARNED THIS WEEK $9.52
MONTHLY TRAIL:
STARTING BALANCE $395.92
MONTHLY GOAL $484
CURRENT BALANCE $405.44

Hi Raz & Psycic,

Hope you guys are fine. I have been watching the market! Have earned few quids and lost too. Is there anything we can do to catch the signal little early as most of the time I can see it's a bit late when I catch a signal once the RSI crosses 55 line. and I'm only opening trade when I can glue to my PC as I found catching 25 pips are not always easy, may be my luck is not that good! I'm sorry if I sound too foolish! Believe me, I'm trying hard to learn and get into discipline.

Good luck to all my friends...