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  • #5,441
  • Feb 17, 2013 11:51pm Feb 17, 2013 11:51pm
the great thing is that even though everyone keeps saying they can't wait for the EA, the real important thing is that we can make pips now with the knowledge of this method!
  • #5,442
  • Feb 18, 2013 12:00am Feb 18, 2013 12:00am
Quoting oztrader79
On that note, Im watching Eur/Gbp. I really like this pair, during the asian session (I'm in Australia) it often enters a nice consolidation period then breakouts during London.... let's see, up or down I don't care but either way I'll be ready for the break out.

(pls don't comment on my settings, they are relative, I'm just focused on this CZ)
Your chart an mine is different, I am in oz too, I don't see any different in setting.
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  • #5,443
  • Feb 18, 2013 12:08am Feb 18, 2013 12:08am
My quick take profit is different to yours. If I change it to 0 my charts looks the same. Your chart includes the larger ranging area, whereas mine is focused on the last part where it is condensing down, the tighter it gets the more likely it will break out strongly in one direction or the other.

btw, I'm no expert so don't listen to me, Im just a student of this method learning from a lot of these other great posters.



Cheers,

Ben
  • #5,444
  • Feb 18, 2013 2:17am Feb 18, 2013 2:17am
Quoting C345
And there we go
First target hit at support 1
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  • #5,445
  • Feb 18, 2013 2:24am Feb 18, 2013 2:24am
Quoting C345
First target hit at support 1
-Closed +50 good start to week.
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  • #5,446
  • Feb 18, 2013 3:24am Feb 18, 2013 3:24am
Ok, I got a signal to enter, let's see how this goes....
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  • #5,447
  • Edited 4:57am Feb 18, 2013 3:59am | Edited 4:57am
Quoting oztrader79
Ok, I got a signal to enter, let's see how this goes....
I'm in this too. The breakout occured due to Spanish bad debts improvement, 11.4 to 10.4%. I don't think we will see much movement on this pair until U.S. open (edit. Oops, not today) then we will see everyone taking up positions for the Draghi speech. Then the fireworks begin proper the moment he opens his yaw.

GBP/USD seems determined to go lower. Could be a big break on if Draghi says nice things. (This I doubt) I only have 2 trades today so far, e/g and e/u. I think I'll send Monsieur Draghi an email explaining my needs.
  • #5,448
  • Feb 18, 2013 5:08am Feb 18, 2013 5:08am
good day gentle men and women ıf there are any hmm well you never know... anyway new cz formıng on jpy usd ıts happenıng at pretty sıgnıfıcant prıce - ıf ıt breaks up or down we are ın for a treat
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  • #5,449
  • Feb 18, 2013 5:13am Feb 18, 2013 5:13am
nice cz going on usd/jpy...anyone share this view too
emotions when not properly managed acts as bariers
  • #5,450
  • Feb 18, 2013 5:36am Feb 18, 2013 5:36am
have a look at the 4hour thıs could ıf ıt breaks long run range or not the mınutes come out later today could be what everyones waıtıng for gıven the jap central bank does whatever the government says
  • #5,451
  • Feb 18, 2013 9:02am Feb 18, 2013 9:02am
CHFJPY15M - Minimum R:R = 1.98 : 1
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  • #5,452
  • Feb 18, 2013 9:08am Feb 18, 2013 9:08am
Quoting Jayf19
CHFJPY15M - Minimum R:R = 1.98 : 1
r:r = risk/reward in this case should read 1:1.98. In other words you risking one to make two. Good luck with the trade.
  • #5,453
  • Feb 18, 2013 9:22am Feb 18, 2013 9:22am
Quoting C345
r:r = risk/reward in this case should read 1:1.98. In other words you risking one to make two. Good luck with the trade.
Thanks, I keep reading it backwards
  • #5,454
  • Feb 18, 2013 10:05am Feb 18, 2013 10:05am
Thought I'd be cheeky asking for a vouch lol....fail!

I'm taking a step back at the moment......doing some refining...demoing....until the you know what gets released....

Until then, every 4 weeks I'll post up a demo trade journal with screenshots of what the indi is showing. Taking things nice and steady. The more prepared I am for the journey ahead......the more successful I'm likely to be.

Keep up the good work everyone......new posters keep reading that first post!

Much love!
  • #5,455
  • Feb 18, 2013 10:20am Feb 18, 2013 10:20am
Quoting A.w.o.l
Thought I'd be cheeky asking for a vouch lol....fail!

I'm taking a step back at the moment......doing some refining...demoing....until the you know what gets released....

Until then, every 4 weeks I'll post up a demo trade journal with screenshots of what the indi is showing. Taking things nice and steady. The more prepared I am for the journey ahead......the more successful I'm likely to be.

Keep up the good work everyone......new posters keep reading that first post!

Much love!
Good to see you again AWOL. I would vouch for you but I dont have the required number.
  • #5,456
  • Feb 18, 2013 10:48am Feb 18, 2013 10:48am
AUDJPY M5
This is a hand drawn CZ (it doesn't fit my usual parameters) 30 pips tall and 182 bars wide, I suspect that everyone will have CZ's pinging up all over the place on Yen pairs if not already then very soon.

FXH, if you would rather me not post charts with hand drawn CZ's let me know.
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  • #5,457
  • Feb 18, 2013 11:06am Feb 18, 2013 11:06am
Quoting hxtrader
....FXH, if you would rather me not post charts with hand drawn CZ's let me know.
PUH-LEEZE tell me this was an attempt at British humor!
To improve is to change. To perfect, is to change often.
  • #5,458
  • Feb 18, 2013 11:14am Feb 18, 2013 11:14am
Quoting forexhard
PUH-LEEZE tell me this was an attempt at British humor!
not initially, are you watching this one as well? it's looking very tempting for when it breaks
  • #5,459
  • Feb 18, 2013 11:38am Feb 18, 2013 11:38am
I wasn't before, but I am now. Thanks for the tip!
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To improve is to change. To perfect, is to change often.
  • #5,460
  • Feb 18, 2013 12:16pm Feb 18, 2013 12:16pm
Quoting forexhard
I wasn't before, but I am now. Thanks for the tip!
Ohhh snap!

First time you are posting a chart other than GU!
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