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  • #5,981
  • May 13, 2015 3:58am May 13, 2015 3:58am
Here we go thats a much better entry...

Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzdm1.png Size: 67 KB


Wait for that pullback and CCI to go oversold then it goes with a whoooosh and straight to BE in the same candle, now thats what I call an entry...
Feel the Fear and do it anyway!!!
  • #5,982
  • May 13, 2015 4:01am May 13, 2015 4:01am
Took a quick 10 as it seemed to struggle plus the other GBP pairs weren't responding...
Feel the Fear and do it anyway!!!
  • #5,983
  • May 13, 2015 4:20am May 13, 2015 4:20am
Quoting geanies101
Hi Clive Good to see that you are still making progress been a while since I posted. here's the point. I have a live account with DMMFXAU same reason as you for the fixed spreads. I don't think you trade in the late evenings but if you do you have to be cautious on a Thursday evening when they do there swap. trying to get a fill then when the slipage is horrendous will give your account a shock and not a pleasant one at that. I think it happens around 10 oclock our time, I am not sure but you can find out from there live chat which is realy quite...
Hi Geanies101

Nice to see you back here again, thats good to hear about your experience with DMMFX as I'm gonna go 2live" anytime soon with them. I have seen that funny time when the platform appears to shut down completely for a few minutes, I wandered what was happening.. Of course I shouldn't be trading my system then as its a market open strategy for sure..

I'm pleased to see they've changed the CHF pairs back to normal spreads from being fixed at 9 pips thats brilliant. They appear to be ideal broker for my strategy with low spreads on crosses so I can just trade whichever pair is trending the strongest without too much concern about high spreads..

They're spreads are fixed too and theres no commission whatsoevr and to top it all they are offering a genuine £50 bonus when I open my account...

All in all a great broker, so how have you found their trading durring LO and NYO ??? A part from that swap issue how are do they rate??

Thanks in advance..
Feel the Fear and do it anyway!!!
  • #5,984
  • May 13, 2015 4:21am May 13, 2015 4:21am
Just took this one on GBPNZD but kept thinking it was going to go but nope it didn't so another BE, better get back to my orphan hugging..
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzdm1.png Size: 64 KB
Feel the Fear and do it anyway!!!
  • #5,985
  • May 13, 2015 4:27am May 13, 2015 4:27am
I've been concentrating on my GBP pairs and all the time this EURAUD pair has been progressively dropping down the page , pullback after pullback...

Attached Image (click to enlarge)
Click to Enlarge Name: euraudm1.png Size: 67 KB


Had been steadily climbing overnight so all setup for a LO reversal, just need to keep my eyes open and be aware of those inter market reversals that go on all the time...
Feel the Fear and do it anyway!!!
  • #5,986
  • May 13, 2015 4:31am May 13, 2015 4:31am
Oh oh, Governor Carney speaking somewhere now its all going go mad for a bit, time for another cuppa....
Feel the Fear and do it anyway!!!
  • #5,987
  • May 13, 2015 4:48am May 13, 2015 4:48am
Quoting clivepackham
{quote} Hi Geanies101 Nice to see you back here again, thats good to hear about your experience with DMMFX as I'm gonna go 2live" anytime soon with them. I have seen that funny time when the platform appears to shut down completely for a few minutes, I wandered what was happening.. Of course I shouldn't be trading my system then as its a market open strategy for sure.. I'm pleased to see they've changed the CHF pairs back to normal spreads from being fixed at 9 pips thats brilliant. They appear to be ideal broker for my strategy with low spreads...

Hi Clive
Most of my trading takes place around the European open and the London open,I find I get filled quite easily at these times with DMM.
Do the odd trade around NY open and haven't found any problem there either, but I am not trading that time often enough to affirm it.
Still trading the 1 min with my moving average system and that does for me.
I wish you good luck and good judgement when you go live,cant think of anybody who deserves it more
  • #5,988
  • May 13, 2015 5:36am May 13, 2015 5:36am
Quoting clivepackham
I've been concentrating on my GBP pairs and all the time this EURAUD pair has been progressively dropping down the page , pullback after pullback... {image} Had been steadily climbing overnight so all setup for a LO reversal, just need to keep my eyes open and be aware of those inter market reversals that go on all the time...


Opportunities are everywhere and it is hard to even see them all. Even when I am looking at 8 standard charts, I miss many of them.

I was watching EURAUD and took my first trade (first yellow arrow) after the tredline broke, the price went under the previous two lows and coulden't come up. The price struggled for a while and then broke down (my stop was at -10 pips for some time). By the time it made a nice pullback, the chart turned red, I was making arround 40 pips and I took the second entry (second yellow arrow). The spike ended my trade, as I didn't follow my rule: qeep the SL above the prior swing top, making 75 pips from the 1st trade and 25 from the 2nd. Unfortune, because I have a feeling that EURAUD will go lower in NY session.

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All I'm trying to say, is that it helps me a lot to watch 8 standard charts all day long. And even so, I still miss good trades. Maybe with experience, I'll get better.

The Fly.
  • #5,989
  • May 13, 2015 5:40am May 13, 2015 5:40am
Right everythings quietened down a bit and theres a bit of time now before the next news release at 13.30hrs my time so got a couple of hours, lets see whats about..


This GBPNZD pair which has been a top trender downwards is now showing as a top trender upwards and as we can see its crossed its 120HMA so looking like a reversal setup. I entered on first CCI HL so hopefully have caught this reversal really early, time will tell..


Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzdm1.png Size: 70 KB
Feel the Fear and do it anyway!!!
  • #5,990
  • May 13, 2015 5:52am May 13, 2015 5:52am
Just got stopped out there at BE but now look at this setup. It looks absolutely perfect for my reversal setup.

GBP strength across the board and GBPNZD is top trender, price has been driving down all morning so lots of sellers with twitchy fingers getting ready to bank..

Price has crossed our 120HMA so good to buy and its turned green. We've had our first HL CCI signal and now entering off of the 2nd CCI signal at a good level 2.1050..

So all looks good to go but the question is will it work???

Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzdm1.png Size: 67 KB


Only worry I have about this setup is looking at the 120HMA swings this is a nice 5 min downtrend and I've just bought the 5 min pullback...

Well we're soon find out one way or the other..

EDIT: The other concern is that its the wrong time of day, and we've had our major moves of the day earlier so should I be waiting for NYO before taking any more entries?? Lets see what happens if it doesn't go soon I'll bail out...by moving to BE asap..
Feel the Fear and do it anyway!!!
  • #5,991
  • May 13, 2015 5:58am May 13, 2015 5:58am
Shouldn't have worried we're away now and at BE so a draw or a winner...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzdm1.png Size: 68 KB
Feel the Fear and do it anyway!!!
  • #5,992
  • May 13, 2015 6:03am May 13, 2015 6:03am
Whats interesting about that last setup is that the first CCI signal didn't go that far and came back to take me out at BE. Now Martin says he will trade the first signal in the move as a quick grab of say 10 pips because he knows from experience its coming back, but he will try and get as much as possible out of the second CCI entry.

He says the 2nd entry is best but he won't take any more after that just 2 entries per move for him...

Watching price action here I got a feeling this is going back down again along with that 5 min trend...
Feel the Fear and do it anyway!!!
  • #5,993
  • May 13, 2015 6:07am May 13, 2015 6:07am
Seemed to be struggling there but I thought it might go but just in case I slid my stop up to lock in 8 pips...

Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzdm1.png Size: 69 KB


Fed up with getting nothing out of these entries...

Stopped out for 8 pips...
Feel the Fear and do it anyway!!!
  • #5,994
  • May 13, 2015 6:26am May 13, 2015 6:26am
Convinced myself that its better to sell this pair looking at the previous swings of the 120HMA so sold it on a break and retest of the HMA..

If that last small move up was indeed the 5 min pullback then this might develop into a nice trade..

Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzdm1.png Size: 59 KB


Either that or another BE trying to trade higher timeframe moves off of my 1 min...
Feel the Fear and do it anyway!!!
  • #5,995
  • May 13, 2015 6:34am May 13, 2015 6:34am
Can't be arsed with all that higher time frame stuff drives me nuts, so decided to bank 15 pips instead and make a nice 101.7 pips from GBPNZD today, thank you very much...

Might take the next CCI sell trade but very aware of the pre NYO price action...see how it goes...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzdm1.png Size: 60 KB
Feel the Fear and do it anyway!!!
  • #5,996
  • May 13, 2015 6:38am May 13, 2015 6:38am
And of course if it does go again you can always hop back on....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzdm1.png Size: 64 KB
Feel the Fear and do it anyway!!!
  • #5,997
  • May 13, 2015 6:42am May 13, 2015 6:42am
Took another 20 there as it hit that BRN 2.10000 don't come much bigger do they and the weekly R1 but as you can see our almighty 1 minute trend doesn't give it a second glance as it steams right through...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzdm1.png Size: 59 KB
Feel the Fear and do it anyway!!!
  • #5,998
  • May 13, 2015 7:17am May 13, 2015 7:17am
gbp/nzd ran and ran and ran. traded it in both directions didn't you clive? pretty good drop for sure.
  • #5,999
  • May 13, 2015 8:02am May 13, 2015 8:02am
Quoting bapakjason
gbp/nzd ran and ran and ran. traded it in both directions didn't you clive? pretty good drop for sure.

Thanks Jason

Just doing what we're suppose to do here trade with the strongest trenders, wait for a pullback and when the trend resumes jump aback on..

Like this USDCHF trade, now I've got CHF pairs to trade might as well make the most of it..

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFM1.png Size: 54 KB


Ooops spoke too soon just got stopped out at BE...
Feel the Fear and do it anyway!!!
  • #6,000
  • May 13, 2015 8:06am May 13, 2015 8:06am
Is top trender EURUSD gonna make a break for it????

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 59 KB


Nope....BE
Feel the Fear and do it anyway!!!
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