USDCHF is also worth keeping an eye on....
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- #6,144
- Edited 2:40am Mar 26, 2013 2:30am | Edited 2:40am
show me your chart
. I will do my bestHere it is:
Piprange for forming a CZ is 25 pips
Bars for forming a CZ is 40 bars.
Hope my EA isn't to disturbing
The UP-move isn't very strong. Hope the 25pips isn't to small for breathing
just want to see you cz zone!
- #6,148
- Edited 3:26am Mar 26, 2013 3:11am | Edited 3:26am
And this is GBPUSD I am currently in, I got in a little early....
EURCAD just broke south
Thats how it looks like at the moment. Hope to see some green ones again...
- #6,149
- Mar 26, 2013 3:45am Mar 26, 2013 3:45am
Whyyy halllooo! (Mrs. Doubtfire voice)
It dawned on me today that I haven't drawn a CZ box in almost two and a half weeks. Maybe some of you veteran guys can comment on whether or not the process of trading hand drawn CZ's is equivalent to riding a bicycle? (Once you learn you never forget?) ForexHard once mentioned that it would be seared into your brain like a hot iron! (Ouch!) I prefer the bike analogy!
Anyway, I don't want to become dull at truly what is the underlying concept of this system and something I practiced for almost...
hello mrs doubtfire i took a sec to look at your charts - is drawing czs like riding a bike errum not sure im still learning - mind you i will not stop until i am bunny hoping
as for the charts you put up the 1st 1 seems reasonable but its still to early
the other 2 charts i would say they are far too early to
when i looked at the pairs now its looking very good the first one for instance just becareful to not block or "box" your own perceptions by putting boxes around
things to early
with the tool its just a tool so dont be a tool with the tool savy
look at the price action its a naked trading system just pa the box helps but is not the everything
I find myself always going back through old cz of mine and from the thread and from the indi using bunch just to retouch and get my bearings again
- #6,154
- Mar 26, 2013 5:39am Mar 26, 2013 5:39am
If I was you I would just specialise in one currency until you get really confident. Be aware of economic news that may affect it. Look at higher time frames Today is such on cable with the chancellor speaking and the market is clearly waiting some words of wisdom before finding direction. Could be a long wait.
Think I saw a GU trade you posted earlier. You bought into resistance at a significant area 5200 where there would always be sellers.
Just my thoughts while watching paint dry.
Thanks for your reply. You are absolutly right. It is so abvious that the big boys are waiting for some news. Thats what i mean by 'my eyes would have seen that'. (The trades were taken by my EA.). Its always better to watch the whole picture. You made me thinking of that again!
Thanks
Thanks for your reply. You are absolutly right. It is so abvious that the big boys are waiting for some news. Thats what i mean by 'my eyes would have seen that'. (The trades were taken by my EA.). Its always better to watch the whole picture. You made me thinking of that again!
Thanks
A short at the 65 level after a close on the 15 would be supported by a break in hourly trend line with a target around yesterday's low. Time will tell and could well be wrong as it does have a mind of its own!
The indicator is as good you will get but needs to be used wisely. Good luck!
- #6,157
- Mar 26, 2013 6:36am Mar 26, 2013 6:36am
Here's how I trade cable. Pull up 60 min chart just before London open check pivots/ trend line/major levels/news/adr etc. Go down to the 15 min chart and see what ssbo is telling me. Then be patient. No trades so far but I got an order in for short.
A short at the 65 level after a close on the 15 would be supported by a break in hourly trend line with a target around yesterday's low. Time will tell and could well be wrong as it does have a mind of its own!
The indicator is as good you will get but needs to be used wisely. Good luck!
Can't reply that quick cause the UMTS is now nearly dead and i have 1 frame per minute...
Thx again C345
