I dont know if this was the right sequence, but TP hit. Maybe i should't have wait for the entry for such a long time after first cci -200 cross, but there was no opposite signal (cci +200) so i was waiting.
I dont know if this was the right sequence, but TP hit. Maybe i should't have wait for the entry for such a long time after first cci -200 cross, but there was no opposite signal (cci +200) so i was waiting.USDJPYM1.png;2178454 {image}
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It's perfect, it's exactly what I presented in the description of the system; and furthermore, you have applied the concept during a long period; you have perfectly understood that I meant to describe
Now, go on, and count how many good entries you have and how many bad ones; and just tell me by curiosity
Breaking: CFTC Levies $7m Fine on FXCM, Forced to Quit US Market
FXCM is being forced to withdraw from CFTC regulation after its latest settlement, also facing a permanent NFA ban.
The US Commodity Futures Trading Commission (CFTC) has just issued an order against Forex Capital Markets, LLC (NASDAQ:FXCM), settling charges with the foreign exchange brokerage for $7 million in a civil monetary penalty for engaging in false and misleading solicitations. As such, FXCM and its CEO Drew Niv will be required to withdraw from CFTC regulation, per a regulatory filing.
In particular, the CFTC order outlined charges against FXCM and its parent company, FXCM Holdings, LLC (FXCM Holdings), as well as the two paramount members of the group, Drew Niv, and William Ahdout. The order finds that between the period beginning September 4, 2009, through to at least 2014, FXCM engaged in false and misleading solicitations to its retail FX customers by concealing its relationship with its most important market maker.
An official announcement from the company detailing the sale of FXCM’s US accounts reads: “The named FXCM entities and principals neither admit nor deny the allegations associated with the settlements.”
In addition, the CFTC asserted that FXCM had misrepresented that its ‘No Dealing Desk’ platform had no conflicts of interest with its customers. FXCM, FXCM Holdings, and CEO Drew Niv are collectively responsible for FXCM making false statements to the National Futures Association (NFA) about its relationship with the market maker.
Consequently, a collective $7 million civil monetary penalty was levied as well as a cease and desist order from further violations of the Commodity Exchange Act and CFTC regulations. Furthermore, FXCM, Mr. Niv, and Mr. Ahdout have agreed to withdraw from CFTC registration and never again to seek to register with the CFTC. Per the order and subsequent settlement, FXCM did not admit nor deny the charges
Following the CFTC order, the National Futures Association (NFA) also stipulated that the group’s founders William Ahdout and Dror (Drew) Niv, as well as FXCM, have been forced to withdraw from NFA membership, and are also facing a permanent ban. The effective date for these actions is February 21, 2017. The NFA has accepted the settlement offer of FXCM, and the aforementioned individuals neither admitted nor denied the allegations outlined in the order.
I dont know if this was the right sequence, but TP hit. Maybe i should't have wait for the entry for such a long time after first cci -200 cross, but there was no opposite signal (cci +200) so i was waiting.USDJPYM1.png;2178454 {image}
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Thank you for sharing your system ioni72. I follow carefully. I'm hard to understand because my English is not very good. The charts of Dezil were very helpful to understand. I also thank Dezil.
Dezil, you're so close to the point of support (S1) in the last example you gave. Was this a valid set up? ioni72 positively commented on the 66th message but I still wanted to ask.
{quote} Thank you for sharing your system ioni72. I follow carefully. I'm hard to understand because my English is not very good. The charts of Dezil were very helpful to understand. I also thank Dezil. Dezil, you're so close to the point of support (S1) in the last example you gave. Was this a valid set up? ioni72 positively commented on the 66th message but I still wanted to ask.
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From my point of view all this s1 r1 are not very strong. From my experience more reliable and respected levels are previous day high low, round numbers and open price of current day. But maybe I am wrong.
Following the CFTC order, the National Futures Association (NFA) also stipulated that the groups founders William Ahdout and Dror (Drew) Niv, as well as FXCM, have been forced to withdraw from NFA membership, and are also facing a permanent ban. The effective date for these actions is February 21, 2017. The NFA has accepted the settlement offer of FXCM, and the aforementioned individuals neither admitted nor denied the allegations outlined in the order.
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Hello maxwell,
Thank you for your posts in this thread,
It's very important for all of us to know and understand who are in front of us, as main "partners" and here I talk about the brokers.
{quote} Thank you for sharing your system ioni72. I follow carefully. I'm hard to understand because my English is not very good. The charts of Dezil were very helpful to understand. I also thank Dezil. Dezil, you're so close to the point of support (S1) in the last example you gave. Was this a valid set up? ioni72 positively commented on the 66th message but I still wanted to ask.
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Hello Paqe,
You are welcome,
I thank myself to Dezil for his great job and for his charts.
Don't worry about your English, we are all from al part of this planet with 1000 different languages and we use the English as common language. Just think that a good chart is better that 100 words.
{quote} From my point of view all this s1 r1 are not very strong. From my experience more reliable and respected levels are previous day high low, round numbers and open price of current day. But maybe I am wrong.
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Hello Dezil,
You are right for what you say here, but why take a risk when you could avoid it, why take a loss when you could take quietly some profit.
Don't forget, we are working with a target of 1% daily, so if I going to entry the market just once , I would like to have the right one.
Great strategy for so far i can see. How many good setups do you have in a day and how many bad setups ? Greetings from the Netherlands
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Hello Duchmen,
It depends , it changes from one day to another, the most important is how winning trades and how losing trades we have for a given period of time, in my opinion.
I invite you, all users of this system, to publish your stats, to get an overview. 100 opinions are stronger than mine alone.
I agree with you for the beer but don't tell that to the others.
I think it is possible but for that we need a coder.
This indicator was initially another one that I changed myself, but I'm not a coder as I said. If someone having this kind of skills would like to do it, why not?
