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Easy no stress daily charts:)

  • #61
  • Jul 6, 2011 1:42am Jul 6, 2011 1:42am
Quoting Olu
My candles have closed for the day.
the chf crosses are about to signal a sell. I said about because we have stoch crosses down on the eurchf etc but the crosses are above 80 and the system whose name we cant mention says that in this instance entry is when the stoch moves below 80.

Do other traders have a confirmed signal i.e because of different candle close times?

Olu
I thought USDCHF looked ok last night, so in short (demo) at 0.84073. The stochs crossed, are below 80, and the price is well below 100 EMA.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFSB,Daily_2011-07-06_07-21-20.png Size: 45 KB
  • #62
  • Jul 6, 2011 3:12am Jul 6, 2011 3:12am
Quoting goodness
thot levels shd be 60, 40 from the 1st post/?
80/20 are the original settings. Use whatever suits you best.
  • #63
  • Jul 6, 2011 7:05am Jul 6, 2011 7:05am
Quoting Tenapenny
80/20 are the original settings. Use whatever suits you best.
Thanks for replying to the question. As you rightly said the original method whose name we cant mention used 80 and 20

Good luck all and wish all loads of " " pips

Olu
If you think you can or cannot do it you are correct
  • #64
  • Jul 6, 2011 7:10am Jul 6, 2011 7:10am
Quoting jimmc
I thought USDCHF looked ok last night, so in short (demo) at 0.84073. The stochs crossed, are below 80, and the price is well below 100 EMA.
Thanks to all who replied with their confirmed signals. Shortly after I asked the question I went short the gbpchf.
Candle close time can make a lot of difference and so some judgement needs to be applied sometimes when we are in a grey area. It might be better to stick to ones close time though. At most you will enter a day late. At best you will be spared a trade that may go against you immediately

Olu
If you think you can or cannot do it you are correct
  • #65
  • Edited 7:37am Jul 6, 2011 7:35am | Edited 7:37am
we might have a " " signal tonight. But balls of steel will be needed to trade this one because if fundamental data coming out tomorrow.

We also have a rough H&S

A break of 5910 and its goodbye...

Olu
Attached Image
If you think you can or cannot do it you are correct
  • #66
  • Jul 6, 2011 2:47pm Jul 6, 2011 2:47pm
My 2nd half EU trade closed today at BE+1 (SL hit)... I am looking to go long again if the Stoch lines cros under 60 level again...

USDCHF signaled a sell for me (or will signal at the end of the day probably) so I will open a trade (actually I will place a limit order with the limit price about 10-15 pips above the actual price)...

GU looks like a trade tomorrow...

Congrats to those short from yesterday in EURCHF Your SL should be now at BE+1 so that is great...
Live it or leave it!
  • #67
  • Jul 6, 2011 3:56pm Jul 6, 2011 3:56pm
Chart uploaded
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-daily-06072011-2150uk.jpg Size: 97 KB
If you think you can or cannot do it you are correct
  • #68
  • Jul 6, 2011 11:24pm Jul 6, 2011 11:24pm
I've got a clear cross on my chart for GBPJPY and took the trade. The GBPCHF from yesterday is at BE with a 100 Pips in the bank....

I took a pass on the GBP$...

Good Trading All!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 6 july.gif Size: 36 KB
  • #69
  • Jul 7, 2011 12:46am Jul 7, 2011 12:46am
Good job DaTrader and Olu!

Twee (The Mod) wrote me finally about our previous thread... The author contacted him about the copyright violation...
Sometimes I don't understand people. He says in his manual the system is for free... So I don't get it. But oh well... we have our method now
Live it or leave it!
  • #70
  • Jul 7, 2011 1:32am Jul 7, 2011 1:32am
Quoting DaTrader
I've got a clear cross on my chart for GBPJPY and took the trade. The GBPCHF from yesterday is at BE with a 100 Pips in the bank....

I took a pass on the GBP$...

Good Trading All!
Took the pound trade (sold @1.6008) but my exit was only for 1.5950 +58pips. I reckoned we were not yet ready to break support till nfp tomorrow. Did anyone take AUDCAD?

Olu
If you think you can or cannot do it you are correct
  • #71
  • Edited 7:26am Jul 8, 2011 7:22am | Edited 7:26am
I totally missed GU short last night So I am placing a sell limit order right now, maybe it will get up there and get me in...
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 35 KB
Live it or leave it!
  • #72
  • Jul 8, 2011 7:49am Jul 8, 2011 7:49am
...and NFP got me filled pretty quickly... It was fun watching the charts jump up and down 10-20 pips per second

But we will see what the trade does in the next days...
Live it or leave it!
  • #73
  • Jul 9, 2011 1:44pm Jul 9, 2011 1:44pm
Quoting Slurpee
...and NFP got me filled pretty quickly... It was fun watching the charts jump up and down 10-20 pips per second

But we will see what the trade does in the next days...
My GBPJPY is still alive, we'll see how it shakes out next week...

We've got a good cross on the USDJPY for Monday. I took the last trade on this pair on the 30th June. It's not a big mover so my 1st TP was set at 40 and then BE. I got the 40 and will probably try the same with this trade...
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy 11 july.gif Size: 35 KB
  • #74
  • Edited 3:04pm Jul 9, 2011 3:02pm | Edited 3:04pm
Quoting DaTrader
My GBPJPY is still alive, we'll see how it shakes out next week...

We've got a good cross on the USDJPY for Monday. I took the last trade on this pair on the 30th June. It's not a big mover so my 1st TP was set at 40 and then BE. I got the 40 and will probably try the same with this trade...
great work DaTrader. Yes the usdjpy is one slow mover. However the nfp move was a beauty to behold. Didnt like the retrsacement of the stock market though which implies the usdjpy might retrace too. Its all speculation though the system says sell we sell. Who knows which trade would run and run. So well done for taking the trade.

Also it is a good thing that you factored the slowness of the usdjpy into your SL and TP.

Olu
If you think you can or cannot do it you are correct
  • #75
  • Jul 10, 2011 4:35pm Jul 10, 2011 4:35pm
Quoting DaTrader
My GBPJPY is still alive, we'll see how it shakes out next week...

We've got a good cross on the USDJPY for Monday. I took the last trade on this pair on the 30th June. It's not a big mover so my 1st TP was set at 40 and then BE. I got the 40 and will probably try the same with this trade...
Good trading daTrader. I stayed out of USDJPY on 30th June because of the support line and not enough room for movement, but as Olu says, we should trade the system.

However, this time if it breaks the line tomorrow I will be in, and should be able to give 60-70 pips. I think I will keep my stop just above previous swing high.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYSB,Daily_2011-07-10_22-28-50.png Size: 44 KB
  • #76
  • Jul 10, 2011 4:46pm Jul 10, 2011 4:46pm
Quoting jimmc
Good trading daTrader. I stayed out of USDJPY on 30th June because of the support line and not enough room for movement, but as Olu says, we should trade the system.

However, this time if it breaks the line tomorrow I will be in, and should be able to give 60-70 pips. I think I will keep my stop just above previous swing high.
I went ahead and took the trade, first target is 80.20.. I'm still sticking to the rules but with the Low daily range on this pair I use smaller targets and will manage it pretty closely.

Good Luck!
  • #77
  • Jul 11, 2011 6:58am Jul 11, 2011 6:58am
Will this give us a buy tonight?

Olu
If you think you can or cannot do it you are correct
  • #78
  • Jul 11, 2011 8:06am Jul 11, 2011 8:06am
Quoting Olu
Will this give us a buy tonight?

Olu
It is under the MA, I wouldn't go long
Live it or leave it!
  • #79
  • Jul 11, 2011 8:07am Jul 11, 2011 8:07am
Quoting DaTrader
I went ahead and took the trade, first target is 80.20.. I'm still sticking to the rules but with the Low daily range on this pair I use smaller targets and will manage it pretty closely.

Good Luck!
I think you will get there... This pair is really a small mover and also I don't like the intervences from Japan government that are quite common... So small TP is a good choice in MHO
Live it or leave it!
  • #80
  • Jul 11, 2011 8:10am Jul 11, 2011 8:10am
My opened trades... just if anyone is with me
Attached Image (click to enlarge)
Click to Enlarge Name: stav.png Size: 17 KB
Live it or leave it!
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