The Raz Method

I did not take the cable, again same analysis the 3 ema was still above the 20, and the RSI jumped too much.

But I did take the EURO and SWISSY

so both live trades, I hope wit the sessions opening up soon, this will kick some volume up to push em through.


Short EURO 1.4831
Long Swissy 1.0189

again, my mistake, not paying attention, the adx did not confirm. EEEEK I was doing so many things at one time and I took the long, should not have. However I am in, and now I can only hope it falls through. So the USD/CHF is a chance trade now, should have left it alone.

I did take neither of them due to lack of momentum on MACD histogram wandering around zero line. On top of this, ADX was at 11 for USDCHF though it was better for Euro. Hope you get some pips.

Yesterday, I took a trade (long) on USDJPY at the close of 14.30 bar without noticing the flatness of MACD (though ADX was at a better position) and then realised it and exited at BE.

all I can do now is cross my fingers for now, and see where this lands. I expect a push once the session opens, but who knows it may push my SL.

That is my song right now, well the AUD/USD hit +25 pips, so that is good news, although it was demo, but it I am keeping record.

AUDUSD was a better setup compared to other two and see how it easily hit the target. Hope you hit, too.

getting there, I do not like to waste good pushes so I have +2 pip SL on both open pairs, incase it decides to reverse back and take me out. However I think I am giving it enough room to make it its push. I think they are going to stair step its way to the TP, lets us hope. At least now I know I am not losing any pips on these trades


Yes the AUD/USD was a good hit, the NZD moves much slower

NZD/USD

took sometime but it hit +25 pips as well, and so did my live trades


So the actual real entry is the swissy long on close of 1.0998, and going to watch this now. However did get two trades lucky live, and here are my stats

CURRENT STATS:
WEEKLY TRAIL:
3 WINNERS (1 MISSED)(one got in with luck was not valid, Blackeagle)
0 LOSSES (0 MISSED)
EARNED THIS WEEK $28.59
MONTHLY TRAIL:
STARTING BALANCE $499.83
MONTHLY GOAL $644.20
CURRENT BALANCE $490.37

Well looking at this valid entry, I would say I could not be able to re-enter back into this one, considering I was already in it before it happened. However it closes at 1.0999 and reaches a high of 1.0221, so therefore it made a profit run, and I would have moved stops accordingly. Therefore it is a valid winner, and will take the place of the counted stats, so it valid stats. Pick shows the entry candle, and shows that it hit +20 pips at least.

You definetly have to be happy now, you TP certainly was cleared for sure.

was going to long it again, but it closed a bear candle, and did not confirm

thx Raj... bank 25pips just now..

at the moment, I only wait for GU, EU & UJ pair for next entry (trending)...hope can catch one more trade before call it a day...

5 is between 10 and 20 for UJ, so don't wait for it with this volatility at least a couple of H4 bars. EU and USDCHF is potential, IMO.

Are only possibilities, and depending how loonie pans out, it could be a possible short

However shorting the loonie would counter product the euro short and swissy long, so it would have to be ultra-valid to make sense

This question was brought up in my windows live messenger chat a few minutes ago, and this is something that is probably the hardest to explain, considering it is a judgement call. First of all not every pair will behave the same, nor will they follow this rule. However through tons of testing and trading I have concluded to throw up a warning sign when ever there is a big jump on RSI, which in other words means everything is valid, but sometimes the RSI makes a huge jump which could either continue to go towards TP, or retrace back, or reverse back down. Usually a news signal that would cause this. I usually try to stay away from big jumps on RSI, but sometimes if everything is lining up in that direction I may even get in a few pips back and catch it for a a ride.

However a trader asked me what I meant about the loonie(USD/CAD) in post #600, WOW! already 600, good lord, feel bad for anyone has to read this entire thread, props to Stewart for taking the time. Anyways i posted that there was a valid sig, but the RSI was too big of a jump so I passed it up. Had you still got in you would have been fine, and it definetly hit TP.

So the pic below shows a few things, first you can see the green box is the correct close of the RSI at 55, which is valid long entry. Now the red circle indicates where the RSI line closes on this particular entry candles, rememer we get in on the close of candles, at least I do and that is what this method suggest. Next you see white lines, these are zones in the RSI that the RSI line covered on that single candle that close to give us a valid entry. If it is that many zones, then I usually feel a possible retrace or I think the mini trend within that candle is possibly exhausted. Therefore making it a risky trade. However I am no expert, but this is my explanation of

'Big Jumps on RSI'

by the way I posted the 4HR chart to show you that we were in LONG mode at that time

Euro short again, and another swissy long, one of our members in windows live messenger chat did point out adx is low in swissy, but it will determine how it closes and that may make it differnce. So we have to wait and see where this goes

Live trades:

Short EUR/USD 1.4805
Long USD/CHF 1.0207

Had a delay on my MB Navigator, so I got in a little late, but taking valid sigs.

Also Demo

Short NZD/USD 71.27, looking for 70.99

hope the market with me..

If you were not in the chat room with us, you missed some serious fun and action, bunch of made pips, in matter of fact I think at least 5 of us won on multiple trades. However I am still holding live trade on swissy, the euro hit +25 pips easisly, and the NZD/USD is +20 pips at least, so another winner

Closed Swissy on +2 pip SL, once I see price move +18 pips, I move SL to +2 pips. In other words a break even trade. These trades got sort of lucky, made a slight mistake and trade 10,000 lot size, but it paid out good so I cannot complain.


CURRENT STATS:
WEEKLY TRAIL:
4 WINNERS (1 MISSED)(one got in with luck was not valid, http://cdn.forexfactory.com/images/s...im/winking.gif Blackeagle)
0 LOSSES (0 MISSED)
1 BREAK EVENS
EARNED THIS WEEK $57.05
MONTHLY TRAIL:
STARTING BALANCE $499.83
MONTHLY GOAL $644.20
CURRENT BALANCE $517.35


Of course he NZD/USD hit +20 pips, so that is fairing well as of late.