USDCAD
Looking buy a bounce of 1.0456 TDST support level.
Cheers
Foggytrader
- #164
- Nov 25, 2009 9:32am Nov 25, 2009 9:32am
- Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
- #165
- Nov 25, 2009 9:48am Nov 25, 2009 9:48am
- | Joined Jan 2006 | Status: Always look at both scenarios | 640 Posts
Very nice strategy foggytrader. Thanks for posting it. I have a small problem with indicator You have posted. It's really lagging and slowing down my computer. I checked some other sequentional indies but none of them was as good as yours. Is there any way to fix that?
Not really sure how it is slowing down your computer, I have the 4 pairs I am actively trading on the same workspace and my CPU is fine. You could try to change the numberbars to 500 I have it set to 1000 but still, if you have it set really high like 100,000 it might slow you down a little.
Hope you can get it sorted,
Cheers
Foggytrader
- #166
- Nov 25, 2009 1:31pm Nov 25, 2009 1:31pm
- | Joined Jan 2006 | Status: Always look at both scenarios | 640 Posts
AUDUSD
We had a good failure candle at the previously mentioned TDST resistance level of 0.9295. However, price quickly closed back above the failure candles high without triggering the orders so they are now cancelled and I will await another opportunity.
Cheers
Foggytrader
- #167
- Nov 25, 2009 1:43pm Nov 25, 2009 1:43pm
- | Joined Jan 2006 | Status: Always look at both scenarios | 640 Posts
USDCAD
I posted earlier that I was looking to buy the USDCAD at the 5 minute TDST support level of 1.0456. However, we have had a touch and closed below this level so the setup is now void.
Cheers
Foggytrader
- #168
- Nov 25, 2009 2:01pm Nov 25, 2009 2:01pm
- | Joined Jan 2006 | Status: Always look at both scenarios | 640 Posts
GBPUSD
Well, I have been looking for opportunities to go long on GBPUSD since last Friday and this was the closest we have come thus far. Price came within 2 pips of my prefered buying level of 1.6640.
Cheers
Foggytrader
- #170
- Nov 26, 2009 1:11am Nov 26, 2009 1:11am
- | Joined Jan 2006 | Status: Always look at both scenarios | 640 Posts
GBPJPY
As I mentioned last week, the close below the 60 day SMA has often been the trigger to a big move in this pair and true to form the move has accelerated this week. I am still looking to add to my two short positions however, I would need to see a good failure at a TDST resistance level as we are nearing the daily TDST support level of 141.51 at which point I plan to book partial profits. Additionally we are on the 7th bar of a TD buy setup on the dailies and should this complete and we get a bounce from the TDST support level I will look to add small longs.
Cheers
Foggytrader
- #171
- Nov 26, 2009 1:16am Nov 26, 2009 1:16am
- | Joined Jan 2006 | Status: Always look at both scenarios | 640 Posts
foggytrader, this is really a powerful strategy, I have already made over 300 pips on GBPJPY and I will test this forwrd on this pair only going forward. But key to this strategy is alwasy trade in the direction of the long term trend and take small losses if they do happen and hold on to winners. if 144.97 fails I will short it again . I have one lot short at the momnet profit level 142. Thanks once again fro sharing this
Cheers
Foggytrader
- #172
- Nov 26, 2009 1:44am Nov 26, 2009 1:44am
- | Joined Jan 2006 | Status: Always look at both scenarios | 640 Posts
USDCAD
With the bullish outside thrust bars low still holding at 1.0416 I am still happy to look for opportunities to go long targeting 1.1251 area. This strategy will hold unless the low of 1.0416 is taken out. At which point I will wait until we test the TDST support level of 1.0263 where I look to add small longs on a bounce.
Cheers
Foggytrader
- #174
- Nov 26, 2009 1:56am Nov 26, 2009 1:56am
- | Joined Jan 2006 | Status: Always look at both scenarios | 640 Posts
GBPUSD
Seeing a bit of a sell off today but I will still be looking for a TDST support level to form and go long on a bounce. This strategy will hold until the low (1.6260) of the bar which recaptured the final bearish thrusts high on the weekly chart is removed.
Cheers
Foggytrader
- #176
- Nov 26, 2009 2:05am Nov 26, 2009 2:05am
- | Joined Jan 2006 | Status: Always look at both scenarios | 640 Posts
AUDUSD
Seeing a bit of a sell-off here today without getting an opportunity to sell on the 5 minute DeMark and while the high of 0.9405 holds I will still look for opportunities to sell this market.
Cheers
Foggytrader
- #178
- Nov 26, 2009 3:58am Nov 26, 2009 3:58am
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Should my view change on any of these pairs I will post my strategy.
Cheers
Foggytrader
GBP sales coming out will have this monitor this position carefully
- #179
- Nov 26, 2009 4:11am Nov 26, 2009 4:11am
- | Joined Jan 2006 | Status: Always look at both scenarios | 640 Posts
EURJPY
As shown in the daily chart below, EURJPY has tested the TDST daily support level at 130.66 this morning. We have so far seen a bit of a reaction from there and built up a TD sell setup on the 5 minute producing a TDST support level at 130.65 which is one pip from the aforementioned TDST daily support level. Taking this into consideration I am comfortable trying small longs should we drop back down and test this level on the 5 minute chart and show a clear bounce.
Cheers
Foggytrader
