Monster Muncher Manual Trading Discussion: Compliments SH

Just checking in. Currently have GU short, and UJpy long.

UJ hit my price target which I posted earlier in the week, around 83.45.
This is a longish term trade, trendstar says go in off the Daily Chart, very good RR, getting in right over support.

Gu is first pullback on trendstar on the hourly, has some good potential.

We shall see.

Hi Steve

Thanks for posting the charts & I appreciate you sharing your experience with InterbankFX as a broker.

The "supertrend volty like" indi" gives exactly the same signals as the supertrend nrp indi I checked it on M1 for a while.

Mladen the coder of supertrend nrp stated that it did not repaint.
http://www.forex-tsd.com/indicators-...tml#post221993

I found a supertrend nrp new with alert & email alert too.

This divergence indi has demark trendlines coded into it. It looks awesome.

GBPCAD H4 is pulling back to some significant points of confluence at weekly pivot 161.41 with 150ema, 200ema + 200sma + sma365.

Thanks Ian, I'll check those out. I don't get GBPCAD for some reason. IBFX has about 30 pairs but thats not one of them.

I cashed out last night on the GU trade +60, nice and easy.
This GU trade might be good for a lot more sales. Will be watching it.

The UJ trade is +6 right now. No idea if support will hold..

About Supertrend, He wrote the NRP does not repaint, but it does.

People see "repaint" and its almost immediately like, oh thats no good. But if the support levels
work and are meaningful, which they are, who cares if it repaints in a situation where there is
no close upon penetration?

You just have to know that it can change back if there isn't a
close under the S/R line (ie don't get shaken out if penetration is only a few points).

Maybe the volty-like really doesn't repaint-i'll check it out.


How is your week going?

I think its a buy now on M15

Hi Steve

my week was not quite as bad as this chart.

lesson learned always check for the upcoming news on the pair traded before entering a position.

I started Japanese lessons again this week until early December, so I did not have as much time for trading this week. I traded GBPCHF on Monday but that was a break even & today I took a long on GBPCHF & that did not go as planned either.

I did try the USDJPY earlier today too, but I ended up exiting with a 5 pip loss as I was not happy with the price action after entering the trade.

Hey Ian,

That's cool. I meant to warn you about that tweezer on the GC. Plus that expanding pattern had already broken to the downside on the larger charts. But yeah I've been caught trading the GU during bad news announcements and experienced a 50 point drop in less than 2 seconds.

Check fx360.com, they have really good summary of all important news coming out, and release times. I try to avoid trading during those times if the news is related to the pair I'm interested in.

UJ was just a punt, it may still work out though. I got out of the position in decent shape.

GJ had great results on trendstar this week. Wish I traded it .
Good luck with your Japanese lessons.

Shorting at top of Daily Channel.

SHI is an important indy for finding Daily and H4 channels.
Everyone should have one.

I'm putting this thread to bed. It was fun while it lasted. I've developed my historical charts considerably, and will be starting a new thread soon to talk about that stuff, if anybody has an interest. Thanks.

Why will the channel not show on a renko range bar chart?
Indicator attached in case you need it - the setting is 5 if you need to know this too.
Thanks
George