art wrote:no its the 4 hour chart, different pair, but it looks like that on allpairs
Hi Art, I think you are using the simplified template Bob posted a couple of days back rather than the original. The big lettering on the background of the chart gives the template/version number.
Jemook wrote:LONG PAIRS (Above 240)
1. Watch on H1 charts.
2. Wait for a decent retracement to WP or WS1.
3. Wait for H4 RSI to be pinned to the bottom.
4. Wait for H1 CSS to change colour from red to goldenrod or green and enter.
5. Risk 1% per trade and place stop at a previous low using Easy Order to calculate the position size.
6. Aim for TP of WR1 OR close any trade early if the H1 CSS colour changes back to red.
SHORT PAIRS (Below 240)
1. Watch on H1 charts.
2. Wait for a decent retracement to WP or WR1.
3. Wait for H4 RSI to be pinned to the top.
4. Wait for H1 CSS to change colour from green to goldenrod or red and enter.
5. Risk 1% per trade and place stop at a previous high using Easy Order to calculate the position size.
6. Aim for TP of WS1 OR close any trade early if the H1 CSS colour changes back to green.
Open trades from this morning:
todaystrades_001.png
Up around 4% for the day floating profit with virtually zero drawdown. I've been doing this consistently for the last 2 weeks and LOVING it. Time will tell if this sticks in the long run but so far I can't find any faults with this style of trading.
Jemook and Jim,
Thanks for posting this. This strategy is awesome and getting me comfortable making manual trades. Used this strategy last night to net some good profits. Can you tell me where to find "Easy Order" to calculate lot size?
Thanks,
Mark
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Jemook wrote:LONG PAIRS (Below 240)
1. Watch on H1 charts.
2. Wait for a decent retracement to WP or WS1.
3. Wait for H4 RSI to be pinned to the bottom.
4. Wait for H1 CSS to change colour from red to goldenrod or green and enter.
5. Risk 1% per trade and place stop at a previous low using Easy Order to calculate the position size.
6. Aim for TP of WR1 OR close any trade early if the H1 CSS colour changes back to red.
SHORT PAIRS (Above 240)
1. Watch on H1 charts.
2. Wait for a decent retracement to WP or WR1.
3. Wait for H4 RSI to be pinned to the top.
4. Wait for H1 CSS to change colour from green to goldenrod or red and enter.
5. Risk 1% per trade and place stop at a previous high using Easy Order to calculate the position size.
6. Aim for TP of WS1 OR close any trade early if the H1 CSS colour changes back to green.
Open trades from this morning:
todaystrades_001.png
Up around 4% for the day floating profit with virtually zero drawdown. I've been doing this consistently for the last 2 weeks and LOVING it. Time will tell if this sticks in the long run but so far I can't find any faults with this style of trading.
Nice isnt it. The JPY have started to move.
Hi Jemook
The two catagories above you say Long Pairs (below 240) and short pairs (above 240)
Is that a type O? or am I missing something...
cheers
...if you are given a gift and you decide not to accept it, to whom then does the gift belong to? Think about it!
audcad question - the rsi on the H4 is approaching ob - on the H1 chart price is hovering at the 240 -below on H4 - so looking for shorts - however the aud is now above the cad on the CSS - would this prevent sell pendings? It seems that if we wait for the aud to drop below the cad on the CSS - the move would have already happened...
You do not have the required permissions to view the files attached to this post.
Jemook wrote:LONG PAIRS (ABOVE 240)
1. Watch on H1 charts.
2. Wait for a decent retracement to WP or WS1.
3. Wait for H4 RSI to be pinned to the bottom.
4. Wait for H1 CSS to change colour from red to goldenrod or green and enter.
5. Risk 1% per trade and place stop at a previous low using Easy Order to calculate the position size.
6. Aim for TP of WR1 OR close any trade early if the H1 CSS colour changes back to red.
SHORT PAIRS (BELOW 240)
1. Watch on H1 charts.
2. Wait for a decent retracement to WP or WR1.
3. Wait for H4 RSI to be pinned to the top.
4. Wait for H1 CSS to change colour from green to goldenrod or red and enter.
5. Risk 1% per trade and place stop at a previous high using Easy Order to calculate the position size.
6. Aim for TP of WS1 OR close any trade early if the H1 CSS colour changes back to green.
Open trades from this morning:
todaystrades_001.png
Up around 4% for the day floating profit with virtually zero drawdown. I've been doing this consistently for the last 2 weeks and LOVING it. Time will tell if this sticks in the long run but so far I can't find any faults with this style of trading.
Nice isnt it. The JPY have started to move.
Hi Jemook
The two catagories above you say Long Pairs (below 240) and short pairs (above 240)
Is that a type O? or am I missing something...
cheers
Typo.. Fixed above in bold.
Please note I am no longer affiliated with Global Prime. I've moved on to my next adventure with Afterprime.
rosst wrote:audcad question - the rsi on the H4 is approaching ob - on the H1 chart price is hovering at the 240 -below on H4 - so looking for shorts - however the aud is now above the cad on the CSS - would this prevent sell pendings? It seems that if we wait for the aud to drop below the cad on the CSS - the move would have already happened...
Daily CSS shows aud as the weakest currency, 4H Shows it has retraced, rally in a DT. I have my sells all set up at the crossing of the WP lines. If it doesnt cross the WP line I am not in, if it goes back into its DT it will cross the WP. So set up your trades and let it ride. WP is your key line of whether or not it will reenter the DT.
nanningbob wrote:Daily CSS shows aud as the weakest currency..
I dunno I think this comes down to the old slope direction or strength. To me AUD on Daily CSS is pointing north and converging with USD which is pointing downwards big time.
IMO expect AUDUSD to move up to at least monthly pivot (.98238) and then we'll see where we go from there. Just another way to look at it
J
Please note I am no longer affiliated with Global Prime. I've moved on to my next adventure with Afterprime.
meanwhile...the Kiwi/NZDUSD still pinned RSI2.
AUDUSD looks flushed RSI2 is on the wrong side.
and looking at AUDNZD its above 240line/rsi2 pinned buy mode.
so looking for AUD to be stronger than the Kiwi too.
AUD GDP data coming out in <40 mins.
so that will settle things.
Abe speaking 0330GMT according to forexlive.com
that's 1130 hongkongtime. 2330eastern time.
so yen pairs will also be in focus.
USDJPY has been rsi2pinned all night and has small candles. but expect spikes if anything. then we will see.
most likely if he says stand n watch. then market will continue doing its own thing.
anything new is bullish anything not i guess is bearish.
