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  • #1,561
  • Dec 7, 2011 11:18am Dec 7, 2011 11:18am
Hi McN,

Have had an eye on these...but the AUDLFX and NZDLFX ..tho showing divergence are in no mood to give way...add to that the USDLFX is not making up its mind either ...so id say these pairs are headed higher... ...ditto with AUD/JPY and NZD/JPY pairs...

IMHO....

Quoting McNish
Weather Changing, AUDUSD, NZDUSD, AUDJPY & NZDJPY Short bais.
  • #1,562
  • Edited 12:17pm Dec 7, 2011 12:10pm | Edited 12:17pm
Buddy, I've just stated a short bias. Yes the levels are holding, will have to wait n watch. IMO the short bias will hold. Reason, the sentiment for the Euro is very negative and there are some very important meetings lined up but grapevine has it that nothing fruitful will come out of those meetings. If that is the case, Monday should have big moves in the london session with the weekly gaps (foot prints). Thus looking at this scenario, Euro, GBP and CHF are not the favourites. The AUD and the NZD are pretty over bought and have a Macd cross. Also check the relevant news or events lined up for the rest of the week and for the coming one too. So the leftovers are the USD and the Yen for a source of safe haven currency, no comments on commodities though, just currencies. And sometimes the sharks fool around with the sardines before they prey on them.

If you can build small positions around this scenario and hold your trades for Monday, it may just pay off well. Please, I may be way off line but I have my money where my mouth is as I do have some positions on this. Best way to do this is on the pullbacks which is happening right as of this moment. And i'll be risking about 5% of my capital for this setup. You may or may not choose to do this. Your call. (Read my sig, I see the opportunity.)

Regards.
There is no such thing as LUCK ! Chance favors the prepared mind.
  • #1,563
  • Dec 8, 2011 8:23am Dec 8, 2011 8:23am
Hello, is there anybody in there ?
There is no such thing as LUCK ! Chance favors the prepared mind.
  • #1,564
  • Dec 8, 2011 10:53am Dec 8, 2011 10:53am
Just knock if you can hear me...is there anyone home

I missed the move... ... but big learning done doubting the move..

McN...after such a big move today you expect the USDLFX to hold it up?...

Quoting McNish
Hello, is there anybody in there ?
  • #1,565
  • Dec 8, 2011 12:06pm Dec 8, 2011 12:06pm
So, the bias persisted.

If you read the earlier post carefully, you see the scenario unfolding gradually. Meetings and discussions are on, news and events are coming about. There is actually a stress test on as of this moment, no prizes for guessing the outcome. Again, what I had stated was a mix of technical and fundamentals and both are begning to beat up now. And the sharks did play around a lot with the kind of pull backs that we had and the sardines came for the bait and were preyed upon. I too got stopped out of two trades and had to re-enter all within 30 mins.

And the moves have actually just begun. So it's actually not late yet, better late than never, better now than Monday. Keep very good MM man, we are the sardines for them. None the less, it's easier said than done, so tread the path carefully pal. Don't get fooled again and become a teenage wasteland. Catch U later.
There is no such thing as LUCK ! Chance favors the prepared mind.
  • #1,566
  • Dec 9, 2011 4:11am Dec 9, 2011 4:11am
hmmmmmm

I think most part of traders moved away from this thread and now are discussing this sys on forexmechanics ForumWebsite and Blog
Account deleted
  • #1,567
  • Dec 9, 2011 4:22am Dec 9, 2011 4:22am
Audjpy, nzdjpy, cadjpy, audchf, nzdchf, cadchf, nzdusd, audusd, usdcad, gbpcad, gbpnzd and gbpaud were perfect candidates to trade today or yesterday.
  • #1,568
  • Dec 9, 2011 4:23am Dec 9, 2011 4:23am
If you speak french, I work on this system with French-speaking people if someone is interested.

Answer on this tread.
  • #1,569
  • Dec 9, 2011 7:04am Dec 9, 2011 7:04am
Pairs finally started moving yesterday after a rangy week. I hope all made easy pips. I closed a basket for 675.

Have a good weekend and trade well
  • #1,570
  • Dec 9, 2011 7:19am Dec 9, 2011 7:19am
Quoting McNish
So, the bias persisted.

If you read the earlier post carefully, you see the scenario unfolding gradually. Meetings and discussions are on, news and events are coming about. There is actually a stress test on as of this moment, no prizes for guessing the outcome. Again, what I had stated was a mix of technical and fundamentals and both are begning to beat up now. And the sharks did play around a lot with the kind of pull backs that we had and the sardines came for the bait and were preyed upon. I too got stopped out of two trades and had to...
The bias did persist after a long week of patience testing. thanks mc.
  • #1,571
  • Dec 9, 2011 7:20am Dec 9, 2011 7:20am
Quoting swissforex
hmmmmmm

I think most part of traders moved away from this thread and now are discussing this sys on forexmechanics ForumWebsite and Blog
oh no swissy we are all here... happy pippin swissy..
  • #1,572
  • Dec 9, 2011 7:30am Dec 9, 2011 7:30am
Quoting swissforex
hmmmmmm

I think most part of traders moved away from this thread and now are discussing this sys on forexmechanics ForumWebsite and Blog
Hey!!!! It was going to happen sooner or later. (This thread is under Commercial Forum). I guess we have to go on with what we learned and try to improve by ourselves (Or pay 14.50 a month ).Looking at McNish`s posting and remembering my 200 pip gain on the chf i'm more convinced that a good sense of fundamental analisys is needed besides the technicals.
I'll stick around to see whare this goes.
  • #1,573
  • Dec 9, 2011 8:21am Dec 9, 2011 8:21am
AUD made pullback seems wil continue downwards , I`m still in.
  • #1,574
  • Dec 9, 2011 8:35am Dec 9, 2011 8:35am
Hi there people,

I was really beginning to believe that may be the discussions have shifted to the blog after SF mentioned it. Unfortunately, I'm still in this Godforsaken place where one can't access yt or fb or blogs and many more, but the good news is I'll be back soon to freedom land. And I also had a hunch that you're all busy making mullah thus no posts.

Well, we've had a dramatic market this week. Can't wait to see what's up next. Won't be trading much the coming week and like Captain said once "Dying to get to 2012."

Captain : No matter where I go, will always be with FF. so much learning here. Hope you echo the same. Thanks for being here.

Urossi : I read a new term sometime back, it's called TECNAMENTALIST. It's a different breed. Hope u get the drift.

TealC : Je ne parle pas un ami français, grâce à l'offre si.

Simr : How U doing buddy? How was the roller coster? Did U pimp the ride? Ha ha ha.

Nht : U there man. Need a favor.

Regards.
There is no such thing as LUCK ! Chance favors the prepared mind.
  • #1,575
  • Dec 9, 2011 8:41am Dec 9, 2011 8:41am
Quoting McNish
Hi there people,

I was really beginning to believe that may be the discussions have shifted to the blog after SF mentioned it. Unfortunately, I'm still in this Godforsaken place where one can't access yt or fb or blogs and many more, but the good news is I'll be back soon to freedom land. And I also had a hunch that you're all busy making mullah thus no posts.

Well, we've had a dramatic market this week. Can't wait to see what's up next. Won't be trading much the coming week and like Captain said once "Dying to get to 2012."

[b]Captain...
Ur still in china??? quite a trip i thought ur back lucknow nawab... Oh yess I cant wait to see 2012 its going to be a productive year...
  • #1,576
  • Edited 11:40am Dec 9, 2011 9:49am | Edited 11:40am
BTW...Captain...being a commercial ...you dont reply to queries addressed to you by newbies...even when this is your thread ?

I enjoyed the G/N ride long .. E/A ride...am currently on the A/CHF short ride which went up quite a bit ...now retraced by 50% Carrying it over the weekend. Then some quick rides on the G/U long and exit. Looking to re enter G/NZD long on retracement. Stuck with E/U longs since 5th Dec... but I expect it to bounce once before it heads down for good..

LFXJPY cant seem to make up its mind. Short to long and now turning again. Though on the daily it remains down.

Have a doubt Captain /McN... the exit is on 1st crossover of MACD... on which time frame ???

PS : BTW...Captain...being a commercial ...you dont reply to queries addressed to you by newbies...even when this is your thread ?

Quoting McNish
Hi there people,


I was really beginning to believe that may be the discussions have shifted to the blog after SF mentioned it. Unfortunately, I'm still in this Godforsaken place where one can't access yt or fb or blogs and many more, but the good news is I'll be back soon to freedom land. And I also had a hunch that you're all busy making mullah thus no posts.

Well, we've had a dramatic market this week. Can't wait to see what's up next. Won't be trading much the coming week and like Captain said once "Dying to get to 2012."

[b]Captain...
  • #1,577
  • Dec 9, 2011 5:12pm Dec 9, 2011 5:12pm
Quoting Simr
BTW...Captain...being a commercial ...you dont reply to queries addressed to you by newbies...even when this is your thread ?

I enjoyed the G/N ride long .. E/A ride...am currently on the A/CHF short ride which went up quite a bit ...now retraced by 50% Carrying it over the weekend. Then some quick rides on the G/U long and exit. Looking to re enter G/NZD long on retracement. Stuck with E/U longs since 5th Dec... but I expect it to bounce once before it heads down for good..

LFXJPY cant seem to make up its mind. Short to long and now...
Exit on the first MACD (default settings) H1 TimeFrame
Account deleted
  • #1,578
  • Dec 10, 2011 5:45pm Dec 10, 2011 5:45pm
Hi,

Still silent reader, but slowly I'm beginning to understand all the nuances of this method.
2-3 hours a day on the late evening is all I can spend, so it's hard for me to be as active on this tread as all of you...

… daily charts, 8 indexes, drawing trend and SR lines, and if I see something that is worth the risk – placing trades.
TL and SR lines along with MP profile are helping a lot but after making list of pairs I have to decide which are worth the risk. Oh well, nothing new, just every day routine J
So far so good, but I’m still on testing phase. Biggest problem is to find reasonable SL method. Each pair is different and putting hard SL of 100-150pip is sometimes not the best way to trade.

McNish : how can I help ?

Best regards
nht
  • #1,579
  • Dec 11, 2011 12:09am Dec 11, 2011 12:09am
hi nht.. not sure if u already joined the CTG but it was discussed at length by cap in his webmimar on how to use ATR level as intraday trades , SL, TP etc,,,


Quoting nht
Hi,

Still silent reader, but slowly I'm beginning to understand all the nuances of this method.
2-3 hours a day on the late evening is all I can spend, so it's hard for me to be as active on this tread as all of you...

… daily charts, 8 indexes, drawing trend and SR lines, and if I see something that is worth the risk – placing trades.
[font=Arial]TL and SR lines along with MP profile are helping a lot but after making list of pairs I have to decide which are...
  • #1,580
  • Edited 6:49am Dec 11, 2011 3:57am | Edited 6:49am
Hi Leekaq,

I’m planning to join the club, but right now I have my home budget to manage. I know it’s not much (50$ as I remember) but Christmas are coming and big family is waiting for the presents

About ATR – I use ATR(7) with 3 levels to decide where to place SL and TP.
SL is placed on level 1 on the opposite side of the trade, TP are level 2 and 3. But since market is dynamic I’m not always waiting for a trade to reach these levels, SR and trend lines are mine main tools to decide whatever close the trade or move SL to BE+spread. So you see nothing fancy, just plain and simple common sense

If you willing to share, and capito allows, please describe some basics about your usage of ATR.

If someone is interested see attached ATR indicator I found and modified according to my needs.

Best regards
nht
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