madpipa wrote:What a roller coaster last couple of weeks. And it has only been 10 trading days. All XXXJPY crosses flying up, then crashing down. 10.4 has helped with profits & minimising losses. And Bob has helped us even more - thanks Bob. I must admit I have been a bit like Ingot of late & stepped aside until I felt more confident in trading. Currently I am holding a few JPY crosses with a small drawdown waiting for price to meander back up. Small lot sizes, small concern.
Have a look at the NZDUSD Daily chart below. All that action & it pretty well stuck inside the upward channel that started way back in Nov last year. All the crosses look similar. Yet we are all surprised. I wonder why?? I have seen it before, either live in reviewing historic charts, but it still sends a chill down my spine when price races away like that.
Cheers,
Mick
NJ Daily.png
To me the
240 line helps me see all the other stuff, S/R, channels, trendlines, spikes, chart patterns. etc. It is like it gives us an advantage no one else has. Give me that 240 line and I can make any other system work consistently.
CSS helps me catch where the action probably is going to be. I never would consider trading CHF pairs but it popped out into the lead and the news story was there to confirm it. SNB says it may step aside and traders and people looking for a safe haven for their money are probably going to jump on board. That discovery would have been missed without the CSS telling me to take a look at that currency. I looked and really liked what I saw. Now let it fly.
