Maybe a bounce setup off 1.6220 on the GBP/USD...
Of course, it is Friday...London's closed...New York at lunch...
I think I'm done for the day...but then???
Cliff
Hi Cce...After the pinbar formed,,,I went in @6248,,,,Ill give it an hour or so to see if we get a little upside,,,,TP around 6280,,,,might be a little optomistic!,,,,Everybody have a great weekend,,,,,See ya Sunday!
Pip,
Perhaps, but...EUR/GBP looks like it's losing battle because of banking turmoil in EC and Trichet setting a no compromise stand...
Also, if Gold would just back down a little during the New York session it would give the boost you need...
USD continues to gain on the CAD and AUD, too...
Good luck...
Cliff
Hi Cce...After the pinbar formed,,,I went in @6248,,,,Ill give it an hour or so to see if we get a little upside,,,,TP around 6280,,,,might be a little optomistic!,,,,Everybody have a great weekend,,,,,See ya Sunday!
I have noticed that the eur/jpy is often the first pair to complete the Tokyo Channel. Does anyone trade the aud/jpy using the CH method? This pair seems to trade very technically. What pairs are most of the members trading-any faves? Susan~
Many times during the asian session, the yen pairs move much quicker than say the gu or eu or au because this is their session, as the markets are open and people are trading their pairs in their timezones, so their is more volatility of those specific pairs, and the best pairs I have seen over my 4 years during the asian session are ej and gj and close behind is the aj because the uj allows for this mvmt in sort of a slingshot method, where if the uj (usdjpy) moves a bit and say it goes short and so does the eu, then you have two pairs going short or downwards and that causes a slingshot move down on the ej and same for say the gu going down at same time as usdjpy which would cause a nice slingshot move down on the gj and right behind ej and gj is aj, many times if you look on asian session if the usdjpy moves, one could grab 5 or 6 trades all in the same direction for huge pips total, taking say 6 pairs all for 20 pips and gathering a full 100 in less than an hour usually. Hope this helps, any questions, just ask.
hlass
Joined May 2008
|
Status: Grand Poopaw
|1,488 Posts
Great charts and dialog gang. It's great to watch everyones growth and learning curve explosion. I'm really enjoying reading your posts. I've always loved to trade the G/J but my 9 pip spread often keeps me out on FXDD. Any GOOD brokers with MT4 who has lower spreads? E/U is only 2 pips. I was in 2 trades the other day (different Pairs) on my demo account and FXDD closed them both at the same time without my doing anything. Both were in profit. Not liking that. Glad to see some using the synergy method too. It's more conserative than CH's. Keep up the great work and keep reviewing the videos. You'll learn something new each time. Big E
Found some interesting information today and just sent an email to Big E, just waiting to hear his take before I post, nothing earth shattering and not about the possible new leverage rules, but good content and video that might be of interest to most everyone hear-----stay tuned lol
hlass
I took a short on EU late NY session of Friday. I put my stop above the last swing high and a +27 tp. Had to leave so I never saw price go against me but when I got home my +27 was hit. The yellow MA is a 200 EMA seems like price will move away then come back to the moving average.
If anyone is interested in the clock in the top left corner shows bar end time, price and pair here it is. You need to put #4 in the corner box its adjustable as far as color and what info you want to see.
bpips, nice trade result, a bit risky late on friday, but a win is a win, and looking at it, risk wasnt too big placing stoloss at top of the channel, so a good overall trade. Keep it up, they all add up lol.
I am waiting on confirmation from Big E, to post or not to post a link with some good information that should help us all in our trading, and it is not something outside of how we trade now, but it will certainly help us-at least I think so.
By tomorrow, and I am on the east coast of USA, I will have a nice write up in here really just based on how I trade and based strictly on what I see when I trade, it does include bollinger bands and Inside bars and candle formations, but it also does include everything that we use here in this thread, I just use it sort of backwards due to already using price action to trade, but there is absolutely nothing wrong in attaining more confirmation, especially after already being in a trade and that is why I love this synergy and CH stuff all combined a very sweet way to trade indeed.
Hlass and Big E, thanks for the information. Hlass,I am looking forward your post. I was looking at the Craig video couple times, he had a white color circle and white line drew on the candle, it seems like inside bar and break out indicator, does anyone know what is that? Thanks again.
Hlass and Big E, thanks for the information. Hlass,I am looking forward your post. I was looking at the Craig video couple times, he had a white color circle and white line drew on the candle, it seems like inside bar and break out indicator, does anyone know what is that? Thanks again.
Ignored
Chrislee,
Which video was that so I can view it and possibly tell you what it is, also approximately what time in the video please?
This week I will post,,,When I have time,,,, CH setups with trendline filters for entries and exits,,,Toward the end of last week I was stopped out a few times and got caught up in false signals,,,,Hlass and Bpips looking forward to your input this week when available,,,,,NeoRio welcome back!,,,,,,Dont forget opening gap play,,,,Have a great week trading!
Chrislee, you are very welcome.
I have watched all the vids and a few of the webinars now, they are all helpful, I have found something yesterday and I will post it once I am done with my write up, currently half done, hoping to get it done in the next few hours, although have to take a break to feed kids lunch, but should be posted here soon enough and with a link that should help everyone a bit more.
hlass
