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  • #41
  • Mar 7, 2014 6:21pm Mar 7, 2014 6:21pm
Please, always check your charts before placing trades on my set up
  • #42
  • Edited 11:39am Mar 9, 2014 8:40am | Edited 11:39am
Quoting IgumzFx
Currency Strength and Weakness for March 10, 2014 Note that the Analysis below is valid for 24 hours. This will help you to know the trend direction. The analysis will always be made available to you daily at 10.00 am GMT. STRENTH: JPY and USD WEAKNESS: AUD, CAD and NZD Trend Direction BULLISH: GBPAUD, GBPCAD, USDCHF, USDCAD, GBPNZD and EURNZD BEARISH: AUDJPY, AUDUSD, AUDCHF, CADJPY, GBPJPY, EURJPY, NZDJPY, EURUSD, GBPUSD, NZDUSD and NZDCHF Please note that this trade direction is valid within 24 hours from the post date. Ensure you apply your trigger...
Please ignore the above post and consider the one below

Currency Strength and Weakness for March 10, 2014


Note that the Analysis below is valid for 24 hours. This will help you to know the trend direction. The analysis will always be made available to you daily at 10.00 am GMT.

STRENGTH: JPY and USD

WEAKNESS: AUD,CAD,NZD, GBP and EUR

UNCERTAIN: CHF is at Resistance therefore if it did not break the resistance the CHF trend analysis will be valid.


Trend Direction

BUY: USDCAD,USDCHF

SELL: AUDUSD,GBPUSD,EURUSD,NZDUSD,AUDJPY,GBPJPY,EURJPY,NZDJPY,
CADJPY and CHFJPY

Check the charts to trade wisely
  • #43
  • Mar 10, 2014 10:50am Mar 10, 2014 10:50am
Quoting IgumzFx
{quote} Please ignore the above post and consider the one below Currency Strength and Weakness for March 10, 2014 Note that the Analysis below is valid for 24 hours. This will help you to know the trend direction. The analysis will always be made available to you daily at 10.00 am GMT. STRENGTH: JPY and USD WEAKNESS: AUD,CAD,NZD, GBP and EUR UNCERTAIN: CHF is at Resistance therefore if it did not break the resistance the CHF trend analysis will be valid. Trend Direction BUY: USDCAD,USDCHF SELL: AUDUSD,GBPUSD,EURUSD,NZDUSD,AUDJPY,GBPJPY,EURJPY,NZDJPY,...

hI THERE,

I made a basket with most of the pairs that you advice and now I'm 50 pips up. Do you think is a good idea to close or better leave it open...? Dis your suggestions are daytrading or swing trading ones?


Following the thread closely.



thanks
TONI
  • #44
  • Mar 10, 2014 11:19pm Mar 10, 2014 11:19pm
Quoting forexdaist
{quote} hI THERE, I made a basket with most of the pairs that you advice and now I'm 50 pips up. Do you think is a good idea to close or better leave it open...? Dis your suggestions are daytrading or swing trading ones? Following the thread closely. thanks TONI
Note that the Analysis below is valid for 24 hours. This will help you to know the trend direction. The analysis will always be made available to you daily at 10.00 am GMT.
  • #45
  • Mar 10, 2014 11:21pm Mar 10, 2014 11:21pm
Currency Strength and Weakness for March 11, 2014


Note that the Analysis below is valid for 24 hours. This will help you to know the trend direction. The analysis will always be made available to you daily at 10.00 am GMT.

STRENGTH: JPY and USD

Trend Direction

BUY: USDCAD,USDCHF

SELL: AUDUSD,GBPUSD,EURUSD,NZDUSD,AUDJPY, GBPJPY,EURJPY,NZDJPY,
CADJPY and CHFJPY

Check the charts to trade wisely
  • #46
  • Edited 10:31pm Mar 11, 2014 2:30pm | Edited 10:31pm
Currency Strength and Weakness for March 12, 2014

Note that the Analysis below is valid for 24 hours. This will help you to know the trend direction. The analysis will always be made available to you daily at 10.00 am GMT.

STRENTH: JPY, USD, CHF, EUR and CAD

WEAKNESS: AUD, NZD and GBP

Trend Direction

BULLISH: EURNZD, EURAUD and EURGBP.

BEARISH: AUDCAD, AUDJPY, AUDUSD, GBPCAD, GBPJPY, GBPUSD, NZDUSD, NZDJPY, NZDCAD and NZDCHF,

Please note that this trade direction is valid within 24 hours from the post date. Ensure you apply your trigger wisely base on your trading strategy but if you do not have you can contact me

Thank you
Amos Iguma
  • #47
  • Mar 11, 2014 2:48pm Mar 11, 2014 2:48pm
Quoting IgumzFx
Currency Strength and Weakness for March 11, 2014 Note that the Analysis below is valid for 24 hours. This will help you to know the trend direction. The analysis will always be made available to you daily at 10.00 am GMT. STRENGTH: JPY and USD Trend Direction BUY: USDCAD,USDCHF SELL: AUDUSD,GBPUSD,EURUSD,NZDUSD,AUDJPY, GBPJPY,EURJPY,NZDJPY, CADJPY and CHFJPY Check the charts to trade wisely
Today I've made 60 pips more. Just selling and buying most of the pairs you said. I checked just two times. Closed the basket half and hour before London close.ç


Thank you

TONI
  • #48
  • Mar 11, 2014 10:28pm Mar 11, 2014 10:28pm
Quoting forexdaist
{quote} Today I've made 60 pips more. Just selling and buying most of the pairs you said. I checked just two times. Closed the basket half and hour before London close.ç Thank you TONI
Forexdaist,

I'll ATTEMPT to make my point one last time...

Lets ASSUME IgumzFX DISAPPEARS today for one reason or another...what then would become of your "'daily' 60 pips more" system?

I have tried to implore Igz to "teach us to fish INSTEAD of giving us fish".

IgumzFx, while a LOT of folks may be content with your "daily market forecasts", I would REALLY prefer (humbly) that you SHOW us HOW you come about these forecasts.

I believe that IF YOU WANTED TO, the said "tutorial" wouldn't be more than ONE post.

IgumzFx should re-visit this plea and do something about it.

Thanks for the thread again.

Regards,

Ty

NB:
And this is NOT me trying to be LAZY as suggested above by someone. On the CONTRARY, this is me trying NOT to LAZILY "sit around" waiting for "daily forecasts".
My job: I speculate and manage risk.
  • #49
  • Mar 11, 2014 10:32pm Mar 11, 2014 10:32pm
Quoting forexdaist
{quote} Today I've made 60 pips more. Just selling and buying most of the pairs you said. I checked just two times. Closed the basket half and hour before London close.ç Thank you TONI
You are welcome
  • #50
  • Mar 11, 2014 10:58pm Mar 11, 2014 10:58pm
Quoting TyLamai
{quote} Forexdaist, I'll ATTEMPT to make my point one last time... Lets ASSUME IgumzFX DISAPPEARS today for one reason or another...what then would become of your "'daily' 60 pips more" system? I have tried to implore Igz to "teach us to fish INSTEAD of giving us fish". IgumzFx, while a LOT of folks may be content with your "daily market forecasts", I would REALLY prefer (humbly) that you SHOW us HOW you come about these forecasts. I believe that IF YOU WANTED TO, the said "tutorial" wouldn't be more than ONE post. IgumzFx should re-visit this plea...
Hey,
For me to take you through the process of what am doing writing on the thread will not be possible cos it must be practical based.
I trade any market using Pure Price Action. I have said it on this thread that the rule of Pure Price Action is sell at Resistance when you see a good reversal candles like Pinbar,Railway Track, Outside Bar, Inside Bar and Doji (Spinning Top). On the same Resistance when price breaks out from the Resistance, look for a Momentum Bar and a pullback to re-test the Resistance. Then look for bullish candle Continuation patterns which are Pinbar,Railway Track, Outside Bar, Inside Bar and Doji (Spinning Top).

When price hit the Support, do the reverse of what I stated above on Resistance.
The same rules holds When price hit Trendlines and Upper and Lower channels.
The above are the indicators that I use to read any market. I don't use any software, Custom indicators, EA and any automation.
No trader can explain the concept of Pure Price Action without a using training software for you to see his chart or record videos.
Please, stay turn and follow the trend direction then compare your with your trading strategy or you contact me on skype
Skype Id : iguma.ndidi

Thank you
Amos Iguma
The Trade Analyst.
  • #51
  • Mar 11, 2014 11:03pm Mar 11, 2014 11:03pm
I keep charts open on each pair that I am interested in...

Support and Resistance lines

Chart Patterns

and a couple moving averages.

and a couple indis at the bottom...

And, I do a scan of all the Forex Pairs and several other instruments Indexes) on a daily chart to gather whatever info I can, because I want to have an understanding of market direction before I start trading.

IgumxFx does similar because he wants to be prepared and will not take a chance on relying on someone else to set up his trading plan for the day. he has outlined his method in post #1

Quote Post 1

'This thread is created to focus on trading the Base and Counter pairs of a currency simultaneously by looking at the currency using Pure Price Action.
The trade set up will be based on Support,Resistance, Trendline, Channel, Candle reversal patterns,Candle continuation patterns and new release.
The currencies are AUD, CAD, CHF, EUR, GBP, JPY, NZD and USD.
When the currency stated above are strong we buy the base and sell the counter but when it is weak we sell the base and buy the counter'

If I wanted to know precisely what he is doing I would set up charts and place all of those tools where appropriate on each. He revealed the method completely in the first post.... draw some lines, add a channel, look up candles reversal patterns and candle continuation patterns and watch the news.

I do apologize for being direct and also have sympathy for people who are unwilling to apply themselves to learn price action, one of the basic fundamentals of trading, I can well appreciate why they would feel indignant when told to research these for themselves; I also caution to look to the day when the thread ;starter no longer posts and the information is not available and ultimately they have to learn for themselves.
  • #52
  • Mar 11, 2014 11:41pm Mar 11, 2014 11:41pm
Quoting Blaiserboy
I keep charts open on each pair that I am interested in... Support and Resistance lines Chart Patterns and a couple moving averages. and a couple indis at the bottom... And, I do a scan of all the Forex Pairs and several other instruments Indexes) on a daily chart to gather whatever info I can, because I want to have an understanding of market direction before I start trading. IgumxFx does similar because he wants to be prepared and will not take a chance on relying on someone else to set up his trading plan for the day. he has outlined his method...

Blaiserboy, than you for your elaborate write up.
If a trader tells you that GBPUSD is bullish and after the day you see that the pair trended in a bullish direction it means that the analysis is good. I always warn that no trader should trade blindly when I give out my trend directions.
We have so many good Price Action Traders that you can learn from.
For the purpose of this trend I will only give trend directions based on the information I gave above.
  • #53
  • Mar 12, 2014 1:47am Mar 12, 2014 1:47am
Quoting IgumzFx
{quote} Hey, For me to take you through the process of what am doing writing on the thread will not be possible cos it must be practical based. I trade any market using Pure Price Action. I have said it on this thread that the rule of Pure Price Action is sell at Resistance when you see a good reversal candles like Pinbar,Railway Track, Outside Bar, Inside Bar and Doji (Spinning Top). On the same Resistance when price breaks out from the Resistance, look for a Momentum Bar and a pullback to re-test the Resistance. Then look for bullish candle Continuation...

Ok, Igumz and Ty. I see what both say. True that PA requires practice more than anything, we should make the same analisys as you. The problem is that que have not anyone to correct us, and this is what maybe Ty is asking for. What if you try to post at least one example a day. Just the clearest currency you see in the day, in other words, the weakest or the strongest currency of the day. We could also propose here other posible strong or weak currencies.

I hope this proposal doesn't bother you. It is your thread and you are the boss. We just need a bit more of interaction...


Thank you anyway

TONI forexdaist
  • #54
  • Mar 12, 2014 2:32am Mar 12, 2014 2:32am
Quoting forexdaist
{quote} Ok, Igumz and Ty. I see what both say. True that PA requires practice more than anything, we should make the same analisys as you. The problem is that que have not anyone to correct us, and this is what maybe Ty is asking for. What if you try to post at least one example a day. Just the clearest currency you see in the day, in other words, the weakest or the strongest currency of the day. We could also propose here other posible strong or weak currencies. I hope this proposal doesn't bother you. It is your thread and you are the boss. We...
Have a look here, training for beginners

http://www.babypips.com/school?returnhome=1
  • #55
  • Mar 12, 2014 2:55am Mar 12, 2014 2:55am
Quoting Blaiserboy
{quote} Have a look here, training for beginners http://www.babypips.com/school?returnhome=1
Oh yeah, I know them quite well... I have practising PA for some time. The problem is the subjectivity in chart reading. Suport and Resistance are variable. Anyway, this analisys at the moment is going quite well.

By the way, I've just closed my basket of the day with 110 pips profit!! I've sold this pairs selected from IGUMZ list :
GBPUSD
AUDUSD
NZDUSD
AUDJPY
NZDJPY
GBPCAD
EURUSD
EURJPY

I know maybe this could give more pips, but you know, never be greedy it's one of my main rules.


thanks again for the thread
TONI
  • #56
  • Mar 12, 2014 3:08am Mar 12, 2014 3:08am
Quoting Blaiserboy
{quote} Have a look here, training for beginners http://www.babypips.com/school?returnhome=1
Yes we all started from there. I recommend any person that do not know the fundamental of forex to start from there
Blaiserboy, that is a good job
Thank you so much for your contributions so far

This thread is centered on thread directions and I will do my possible best that I do not fail to give out my best but if you want additional help you can write me personally.
let not loose focus on the aim of the thread that it was created to assist those who do not understand the direction of the thread
  • #57
  • Mar 12, 2014 3:27am Mar 12, 2014 3:27am
Quoting IgumzFx
{quote} Yes we all started from there. I recommend any person that do not know the fundamental of forex to start from there Blaiserboy, that is a good job Thank you so much for your contributions so far This thread is centered on thread directions and I will do my possible best that I do not fail to give out my best but if you want additional help you can write me personally. let not loose focus on the aim of the thread that it was created to assist those who do not understand the direction of the thread
That's fair.

Just a question. Why did you post JPY is strong? I see the yen index in daily chart is going down, same as AUD. I sell AUDJPY, and was the best pair of the basket. But both currencies seem to me are weak... Could you explain that?

I've try to contact you by Skype anyway.



cheers
TONI
  • #58
  • Mar 12, 2014 4:09am Mar 12, 2014 4:09am
[quote=forexdaist;7334655]{quote} That's fair. Just a question. Why did you post JPY is strong? I see the yen index in daily chart is going down, same as AUD. I sell AUDJPY, and was the best pair of the basket. But both currencies seem to me are weak... Could you explain that? I've try to contact you by Skype anyway. cheers TONI[/quote

Yes JPY is strong that is why all yen pairs are selling except CHFJPY and EURJPY cos CHF and EUR are very strong at the moment.
Again AUD is very weak. so when you pair weak and strong currencies it trend very well.
At the start of my post I always state it very clear that some currencies are strong and some are weak thereafter I will also post the bullish pairs and the bearish pairs. This will help you zoom into your trading system to check for trend in that direction.
  • #59
  • Mar 12, 2014 4:32am Mar 12, 2014 4:32am
Quoting IgumzFx
Quoting forexdaist
{quote} That's fair. Just a question. Why did you post JPY is strong? I see the yen index in daily chart is going down, same as AUD. I sell AUDJPY, and was the best pair of the basket. But both currencies seem to me are weak... Could you explain that? I've try to contact you by Skype anyway. cheers TONI[/quote Yes JPY is strong that is why all yen pairs are selling except CHFJPY and EURJPY cos CHF and EUR are very strong at the moment. Again AUD is very weak. so when you pair weak and strong currencies it trend very well.
...
Hi,

What I don't understand is why are you saying JPY is strong. Look at my daily chart showing the YEN index. I think it's going south, don't you think?

Attached Image (click to enlarge)
Click to Enlarge Name: 2014-03-12_1228.png Size: 44 KB


Why is so strong while the index is going down?

By the way, where do you look the currency index? What broker or platform do you use?

thanks
TONI
  • #60
  • Mar 12, 2014 4:54am Mar 12, 2014 4:54am
Quoting forexdaist
{quote} That's fair. Just a question. Why did you post JPY is strong? I see the yen index in daily chart is going down, same as AUD. I sell AUDJPY, and was the best pair of the basket. But both currencies seem to me are weak... Could you explain that? I've try to contact you by Skype anyway. cheers TONI
No idea
please do not loose focus on the this thread
It is for Trend directions.
just bullish and bearish.
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