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  • #1,581
  • Jun 23, 2010 8:47am Jun 23, 2010 8:47am
Quoting FXAdvice
Today because of FOMC we have risky market. G/U has short setup, but trade on your own risk or small lot.
great call again,
entered 1.4925 and closed 1.4875 quick 50 pips

  • #1,582
  • Jun 23, 2010 8:48am Jun 23, 2010 8:48am
Oh, by the way, when I say best trade, I mean for "me" personally... because I usually close my trades at 40 pips, so I can get some more shut-eye. I know some of the trades this month have gone over 100 pips. But I never get those, as I'm away from my computer.

65 pips is awesome for me. And so quickly as well. Thanks Nick!
WTForex - Join our trading family
  • #1,583
  • Jun 23, 2010 8:48am Jun 23, 2010 8:48am
Out for +51 pips. Thanks Nick!
  • #1,584
  • Jun 23, 2010 9:30am Jun 23, 2010 9:30am


Attached Image (click to enlarge)
Click to Enlarge Name: 8.gif Size: 19 KB
  • #1,585
  • Jun 23, 2010 11:06am Jun 23, 2010 11:06am
Tonight after FOMC i expect for strong USD (80%).
  • #1,586
  • Edited 1:01pm Jun 23, 2010 11:39am | Edited 1:01pm
Many discussions these days about signals, what is the best strategy, and so on. So I made simple table where you can check 2 strategies: 1- When you close 50% of trade at first TP and rest move to BE and let it run to tp2 or BE
2- Is when you close trade 100% at first TP. I consider that the second strategy based on close of 100% at 40 pips TP.

Also you can change values marked in blue color i.e. Lot size.
Attached File(s)
File Type: xls NickSignals.xls   18 KB | 387 downloads
The Road appears under the steps of walking men...
  • #1,587
  • Jun 23, 2010 12:46pm Jun 23, 2010 12:46pm
Quoting Soondoock
Many discussions these days about signals, what is the best strategy, and so on. So I made simple table where you can check 2 strategies: 1- When you close 50% of trade at first TP and rest move to BE and let it run to tp2 or BE
2- Is when you close trade 100% at first TP. I consider that the second strategy based on close of 100% at 40 pips TP.

Also you can change values marked in blue color i.e. Lot size.
Hi Soondoock,
Thank you for sharing this with us!
  • #1,588
  • Jun 23, 2010 2:58pm Jun 23, 2010 2:58pm
Thanks for sharing that. From this i can see that there isnt much difference between taking your money and running at 40 pips and playing it how Nick has suggested. I've been following Nicks profit targets, but i think from now on i'll trade it the way i feel is right. I'm more likely to run GBPUSD and EURJPY as they are more volatile.
  • #1,589
  • Jun 23, 2010 3:31pm Jun 23, 2010 3:31pm
Quoting Brettus
Thanks for sharing that. From this i can see that there isnt much difference between taking your money and running at 40 pips and playing it how Nick has suggested. I've been following Nicks profit targets, but i think from now on i'll trade it the way i feel is right. I'm more likely to run GBPUSD and EURJPY as they are more volatile.
Base on my entry point, +40 pips isn't my first target for all pairs. some pairs like A/U, U/CAD we have +40 on some other pairs like E/U G/U we have +50 and also +60 on G/J and ...
  • #1,590
  • Jun 23, 2010 4:14pm Jun 23, 2010 4:14pm
Federal Reserve officials downgraded their assessment of the U.S. economy Wednesday, indicating that short-term interest rates could remain at a record low until next year to support growth.

After a two-day session of the Fed's policy-making body, officials used more tentative language on the strength of the recovery compared to their previous meeting almost two months ago. They noted how financial conditions had tightened following Europe's debt crisis.

"Financial conditions have become less supportive of economic growth on balance, largely reflecting developments abroad," the FOMC said in its carefully worded statement. Fed officials appeared to give a more sobering assessment of the jobs market compared to the April meeting by saying it was improving only "gradually."
  • #1,591
  • Jun 23, 2010 5:20pm Jun 23, 2010 5:20pm
Managing Nicks Signals - This is by no means the most accurate way to use Nick Signals, but this is how i interpret them and i think it may help someone.

I have attached GBPUSD, EURJPY and USDCAD trades.

GBPUSD today being perfect. Signal given after only one touch of entry signal.

EURJPY signal given after price has touched the entry price more than once. ( Just Jump in!)

USDCAD failed, because it failed to retest the entry signal. Signal was perfect.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NicksTradingStrategy1.jpg Size: 224 KB
Click to Enlarge Name: NicksTradingStrategy2.jpg Size: 212 KB
Click to Enlarge Name: NicksTradingStrategy3.jpg Size: 205 KB
  • #1,592
  • Jun 23, 2010 10:18pm Jun 23, 2010 10:18pm
Quoting FXAdvice


Attachment
Nick, thanks again. Another great call. I entered a bit late because i was sleeping when u made the call. Overall 40pips is enough for me for today. =)

Thanks
  • #1,593
  • Jun 23, 2010 11:47pm Jun 23, 2010 11:47pm
Quoting Brettus
Managing Nicks Signals - This is by no means the most accurate way to use Nick Signals, but this is how i interpret them and i think it may help someone.

I have attached GBPUSD, EURJPY and USDCAD trades.

GBPUSD today being perfect. Signal given after only one touch of entry signal.

EURJPY signal given after price has touched the entry price more than once. ( Just Jump in!)

USDCAD failed, because it failed to retest the entry signal. Signal was perfect.
Nice charts, thanks for your support
  • #1,594
  • Jun 24, 2010 5:42am Jun 24, 2010 5:42am
Quoting Brettus
Managing Nicks Signals - This is by no means the most accurate way to use Nick Signals, but this is how i interpret them and i think it may help someone.

I have attached GBPUSD, EURJPY and USDCAD trades.

GBPUSD today being perfect. Signal given after only one touch of entry signal.

EURJPY signal given after price has touched the entry price more than once. ( Just Jump in!)

USDCAD failed, because it failed to retest the entry signal. Signal was perfect.
Brettus, thank you for the detailed analysis!
  • #1,595
  • Jun 24, 2010 5:55am Jun 24, 2010 5:55am
Hi,

Outlook:

BONDS: Treasurys were higher in London, supported by weakness in equities and dovish comments from the Federal Open Market Committee Wednesday. The Federal Reserve gave a downbeat assessment of the economy and said it will keep interest rates low for an "extended period."

Corporate bonds: European corporate credit markets were wider Thursday after a tighter opening, moving in tandem with falling stocks in Europe amid a very quiet market, traders said.

FOREX: Despite an initial hit when the Fed proved more dovish than anticipated, the dollar was back in favor as investors turned away from risky assets.

The FOMC statement comes just ahead of a G20 summit meeting in Canada this weekend at which the U.S. is likely to continue pushing for further fiscal expansion, a policy that is completely at odds with the deficit reduction plans being pursued by the euro zone and the U.K.

More disappointing news on the U.S. economy could also come later Thursday with the durable goods orders for May, which are expected to show a 1.5% decline following a 2.8% rise in April.

Analysts will also be looking at the results of seven-year Treasury auction for any signs that international appetite for U.S. paper has been damaged by the FOMC statement.

By 0530 ET, the dollar was down in Europe at Y89.56, while the euro was down at $1.2276 and the pound had fallen to $1.4971.
  • #1,596
  • Jun 25, 2010 2:47am Jun 25, 2010 2:47am
Morning,

Cable start falling as i said before, breaking 1.4900 will make this wave powerful.
  • #1,597
  • Jun 25, 2010 3:31am Jun 25, 2010 3:31am
Attached Image (click to enlarge)
Click to Enlarge Name: 9.gif Size: 25 KB
  • #1,598
  • Jun 25, 2010 2:07pm Jun 25, 2010 2:07pm
Quoting FXAdvice
Morning,

Cable start falling as i said before, breaking 1.4900 will make this wave powerful.
Hmmmm

now what..5250?
Don't chase the market, Let the market come to you
  • #1,599
  • Jun 25, 2010 4:10pm Jun 25, 2010 4:10pm
1.55 looks like next level.
  • #1,600
  • Jun 25, 2010 11:15pm Jun 25, 2010 11:15pm
I might be out of line here, but I think the rest of us should keep our views of the market out of this forum. This is Nick's thread and it is in the 'Commercial Forum'. Others views may make this like any other thread on FF.
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