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The Raz Method

  • #641
  • Dec 8, 2009 12:29pm Dec 8, 2009 12:29pm
Had to rush to work, got up late. However I peeked at my charts right before I left and saw that the USD/JPY was a possible short, was wondering if anyone can post a chart and see if that was a valild entry, since I do not have access to MT4 here at my work.
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  • #642
  • Dec 8, 2009 3:53pm Dec 8, 2009 3:53pm
Quoting raz
Had to rush to work, got up late. However I peeked at my charts right before I left and saw that the USD/JPY was a possible short, was wondering if anyone can post a chart and see if that was a valild entry, since I do not have access to MT4 here at my work.
May be the one with arrow but RSI is at 32, so not sure if it is valid due to RSI level. Other conditions met and if it had been a valid one, it would have hit +25.
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  • #643
  • Dec 8, 2009 5:15pm Dec 8, 2009 5:15pm
Quoting Blackeagle
May be the one with arrow but RSI is at 32, so not sure if it is valid due to RSI level. Other conditions met and if it had been a valid one, it would have hit +25.

well it looks like you are right, I only had like 5 secs to glance at that charts, running late to work. But thanks for the chart.
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  • #644
  • Dec 8, 2009 5:24pm Dec 8, 2009 5:24pm
Learned so much in the chat today. Thanks RAZ for arranging a chat for us to work together.

Steve
  • #645
  • Dec 8, 2009 5:31pm Dec 8, 2009 5:31pm
Quoting raz
well it looks like you are right, I only had like 5 secs to glance at that charts, running late to work. But thanks for the chart.
So do you have an RSI limit such as no short trade below 35 or long trade above 65 telling you not to take the trade? If so, what are your RSI limits?
  • #646
  • Dec 8, 2009 6:27pm Dec 8, 2009 6:27pm
Quoting Blackeagle
So do you have an RSI limit such as no short trade below 35 or long trade above 65 telling you not to take the trade? If so, what are your RSI limits?

I do not take trades in the 35 or 65 range. I probably saw a valid entry about 7 candles after your red arrow on your chart, where it broke from the 45 line south. I was thinking that may have been a valid entry short, but then again i looked only just a few seconds, so I will have to take a closer look when I get home. But I do not take trades in the 65 or 35 range.
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  • #647
  • Dec 8, 2009 6:31pm Dec 8, 2009 6:31pm
Quoting stevewide
Learned so much in the chat today. Thanks RAZ for arranging a chat for us to work together.

Steve

Well it was fun too, considering all of us had open trades and we all banked pips, so yes windows live chat is more instantaneous. So once again anyone is free to join the group chat, and again it is an open inventation to talk about any method. I would say more traders in the chat room trade various methods then the raz method itself. From all over this globe too. Lot of brilliant minds,

windows live messenger(you may have to download this messenger, because I think MSN messenger does not work)

my contact is : [email protected]
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  • #648
  • Dec 8, 2009 6:50pm Dec 8, 2009 6:50pm
Quoting raz
I probably saw a valid entry about 7 candles after your red arrow on your chart, where it broke from the 45 line south. I was thinking that may have been a valid entry short ...
That wasn't a valid entry, I believe, because MACD histogram was pointing up.
  • #649
  • Dec 8, 2009 7:47pm Dec 8, 2009 7:47pm
Very much appreciated^^
  • #650
  • Dec 9, 2009 12:38am Dec 9, 2009 12:38am
Quoting Blackeagle
That wasn't a valid entry, I believe, because MACD histogram was pointing up.

after looking back yes the histogram filtered that signal out, so did not miss anything being away at work.

looking to get in on some trades of course like the last few days the euro and cable falling at open of sessions, showing strong dollar again. I will trade anything valid, however practically everything on the MACD Sig lines are voiding everything out, the USD/JPY is forming up, possible short later in action
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  • #651
  • Dec 9, 2009 1:03am Dec 9, 2009 1:03am
Quoting raz
... the USD/JPY is forming up, possible short later in action
8.00 bar on chart was a valid signal, IMO, though MACD signal was flat, but when you look at previous position of MACD signal line, it could be taken. Already at +20.

And hit +25 now.
  • #652
  • Dec 9, 2009 1:16am Dec 9, 2009 1:16am
Quoting Blackeagle
8.00 bar on chart was a valid signal, IMO, though MACD signal was flat, but when you look at previous position of MACD signal line, it could be taken. Already at +20.

And hit +25 now.

yes the yen is falling, which is fine, I wanted a clean break off the 45 line, but now it looks like it is gone, but I have had good luck catching shorts later in the sessions, so looking for that.


Euro and Swissy maybe going to form a good position depending how they work out, so will have to wait and see.
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  • #653
  • Dec 9, 2009 1:43am Dec 9, 2009 1:43am
Quoting raz
yes the yen is falling, which is fine, I wanted a clean break off the 45 line, but now it looks like it is gone, but I have had good luck catching shorts later in the sessions, so looking for that.


Euro and Swissy maybe going to form a good position depending how they work out, so will have to wait and see.
when we had the signal, RSI moved from 43.2786 to 35.2358 which was just above your 35 limit. On previous bars, MACD signal line was pointing up.
  • #654
  • Dec 9, 2009 2:01am Dec 9, 2009 2:01am
euro short
swissy long
loonie long(needs more confirmation)

theres are not live, but will need to see how they close next candle
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  • #655
  • Dec 9, 2009 11:36am Dec 9, 2009 11:36am
Live Trades:

Short EURO 1.4697
Short CABLE 1.6208
Long Swissy 1.0282

Let us see where this takes us

Demo AUSSIE short .9057
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  • #656
  • Dec 9, 2009 12:26pm Dec 9, 2009 12:26pm
Adding NZD/USD demo of course,

short NZD/USD .7097
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  • #657
  • Dec 9, 2009 3:08pm Dec 9, 2009 3:08pm
Actually had not been away from cpu, I should have closed euro and cable and winners, they did cross +20 pips each, and the swissy never really had a chance. However losses are losses, so it was my own mistake

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)
3 LOSSES (0 MISSED)
1 BREAK EVENS
EARNED THIS WEEK $16.13
MONTHLY TRAIL:
STARTING BALANCE $499.83
MONTHLY GOAL $644.20
CURRENT BALANCE $475.03
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  • #658
  • Dec 9, 2009 10:57pm Dec 9, 2009 10:57pm
I notice that cable and swissy, and even usd/jpy all showed possible shorts, but I took the only valid sig I ahd short euro.

Live Trade:
Short EUR/USD 1.4712

Need to get back on winning track, going to watch this closely and not lose out on a good profit push, the three losers this morning, two of them hit +20 pips, and I was not there to move SL, but this time being a little mre dilegent
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  • #659
  • Dec 9, 2009 11:30pm Dec 9, 2009 11:30pm
Quoting raz
I notice that cable and swissy, and even usd/jpy all showed possible shorts, but I took the only valid sig I ahd short euro.

Live Trade:
Short EUR/USD 1.4712

Need to get back on winning track, going to watch this closely and not lose out on a good profit push, the three losers this morning, two of them hit +20 pips, and I was not there to move SL, but this time being a little mre dilegent
Raz, yesterday you said if RSI is below 35, you won't take short and if above 65, no long. For the current Euro short signal, the RSI was at 33, what do you think?

And for the very same reason, I believe Swissy was not a valid signal either (RSI was at 67).
  • #660
  • Dec 9, 2009 11:46pm Dec 9, 2009 11:46pm
Quoting Blackeagle
Raz, yesterday you said if RSI is below 35, you won't take short and if above 65, no long. For the current Euro short signal, the RSI was at 33, what do you think?

And for the very same reason, I believe Swissy was not a valid signal either (RSI was at 67).

if it clean breaks the 45 line, and lands past 40, thats ok, but if one candle covered 4 to 5 zones, then more than likely I hold off, or get in a few pips back.

Looking at USD/JPY it is showing a good short signal if it closed right.
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