10.2a Oct. 2012 Edition

[prosper1]

Could someone please explain how to scan for trade set-ups?
I am used to trading maybe 4 major pairs so to scan through 50 pairs is alittle overwhelming
and not sure if there is a faster way to do it. Could someone share their process that works for you?
Thanks Much

[nanningbob]

Could someone please explain how to scan for trade set-ups?
I am used to trading maybe 4 major pairs so to scan through 50 pairs is alittle overwhelming
and not sure if there is a faster way to do it. Could someone share their process that works for you?
Thanks Much

It is a simple read of each chart takes less than 10 seconds to spot a setup. I can easily do 26 charts in less than a minute. Put my pending trades on and away you go. If you cant do all of that in less than 10 minutes I dont know what else you would want.

[dentiok]

Prosper1, I agree with NB, but also as alternative, you can get a quick view of the pairs looking at the Paul´s slope values, look for ++ and the order of pivots. Hope it help a little.

[dentiok]

... It eliminates the Sunday bar line that some criminals have and the Saturday bar line that other criminals have. This should keep everyones lines approximately in the same area to trade from. In other words we will all be speaking the same language when we trade. (GOD I HOPE SO)

NB please confirm to me, you set "addSundayToMonday" true or false? my crim is Cowboy IBFX. Thanks.

[The_Snowman]

... It eliminates the Sunday bar line that some criminals have and the Saturday bar line that other criminals have. This should keep everyones lines approximately in the same area to trade from. In other words we will all be speaking the same language when we trade. (GOD I HOPE SO)

NB please confirm to me, you set "addSundayToMonday" true or false? my crim is Cowboy IBFX. Thanks.

Have a look at your charts, Daily be best; do you have a Sunday candle(s)???

If yes, then set to True.

If no, then set to False.

If still unknown or unsure, set to True.

Easy as

[nanningbob]

Lots of trades out there across the board. Pick and choose. Remember price action usually is much smaller on Monday and Tuesday so dont expect the big moves like you do later in the week. I have 14 trades set up as pending for the day so we will see how many will take.

[nanningbob]

... It eliminates the Sunday bar line that some criminals have and the Saturday bar line that other criminals have. This should keep everyones lines approximately in the same area to trade from. In other words we will all be speaking the same language when we trade. (GOD I HOPE SO)

NB please confirm to me, you set "addSundayToMonday" true or false? my crim is Cowboy IBFX. Thanks.

I use Cowboy IBFX and have it set to true so everyone should be about on the same page.

[nanningbob]

If you check the monthly charts most candles are full bodied meaning once the trend direction gets moving for the month, price will keep going that way. So weeks 2 and 3 are usually the best weeks of a trade. Week 1 sets the trend, weeks 2 and 3 will follow (doesnt meant there arent any retracements) and week 4 will start seeing some profit sell off and retracements. (the wick part of the candle. So the charts look good and hopefully directions will continue. Watch this be the month everything switches because I said this. Shhhhhhheeeeeeeeeeeeeesh.

[wBear]

My Buy picks of the day -- CADJPY, EURNZD.

DP is above WP, WP is above MP. PA may sneak up above DP soon?

At the same time, I'm also wary about where H4 resistance is for any Buy I get into. If PA goes above H4 resistance, then great! Ride it

[nanningbob]

eur/usd looks good for today.