10.4 A Complete System

[spillini]

Hi Guys, we just got a Morning Star bounce off of the G/J 240. Also a confluence of 240 SMA and 60 LWMA.. Saw it coming after my short trade loss below the line and the good advice from Trader Desk. And believe me, his advice is always good.

Jim

[zentauro67]

Hi Guys, we just got a Morning Star bounce off of the G/J 240. Also a confluence of 240 SMA and 60 LWMA.. Saw it coming after my short trade loss below the line and the good advice from Trader Desk. And believe me, his advice is always good.

Jim

Maybe I´m wrong but I think you need a previous downtrend to call that a morning star. For me, that´s only a swing built in speed.

[spillini]

Technically you are right. Its a good bullish formation anyway...LOL. Thanks for keeping me on my toes.

Jim

Hi Guys, we just got a Morning Star bounce off of the G/J 240. Also a confluence of 240 SMA and 60 LWMA.. Saw it coming after my short trade loss below the line and the good advice from Trader Desk. And believe me, his advice is always good.

Jim

Maybe I´m wrong but I think you need a previous downtrend to call that a morning star. For me, that´s only a swing built in speed.

[peranders]

"YOU MIGHT EXPERIENCE A SLIGHT PAUSE BEFORE YOUR MESSAGE IS POSTED. THE NSA IS READING YOUR POST AS FAST AS IT CAN SO PLEASE BE PATIENT."

Thanks for a good laugh BOB, eventhough that is a serious offence from "big brother".

[Gertje]

Seems like the new chief of the British National Bank has started with a BIG BANG!

Impressive nosedive of the GBP.

[nanningbob]

Sterling immediately dropped a cent and a half against the dollar to $1.5141. It came as the Bank kept its quantitative easing (QE) unchanged and also held interest rates at 0.5%. The decisions were made at the first meeting of the Bank's Monetary Policy Committee since Mark Carney took over as governor from Sir Mervyn King.

Welcome to the world of Forex Prince C. I want to thank you for taking away 25% of my profit for the month and giving me a 5% DD to play with. funny thing is he decided not to change anything. Imagine what would have happened if he actually said something. The 4 rulers of the world are such a wonderful thing. Wait until China gets one of these guys. Anyone have a Prince C, DragonHead, Benny Boy, Emperor K indicator? Maybe Steve can conjure something up.

[nanningbob]

"YOU MIGHT EXPERIENCE A SLIGHT PAUSE BEFORE YOUR MESSAGE IS POSTED. THE NSA IS READING YOUR POST AS FAST AS IT CAN SO PLEASE BE PATIENT."

Thanks for a good laugh BOB, eventhough that is a serious offence from "big brother".

It was kind of like everyone already knew but now we really know. I admire the guy for speaking out now we the people need to do something but ............................ can we?

[nanningbob]

If some of you ever wondered why I am such a big proponent of small lots, low leverage now you know. Unexpected mayhem can happen at any time and take out an account. SL locations are not guaranteed with big sudden moves. Now we wait for the dust to settle with gbp and asses what it will do next. Happy Fourth July everyone.

[nanningbob]

I just decided to close all my trades for the day and take the 5% hit. I am going to spend the day with my family and not worry about Forex and what happens next. So instead of being up 6% for the month now I am down 4% for the month. I will come back next Monday and see if that was a sound decision or a dumb one.

[camelx0]

And then the EUR also took a dive. See what you mean about things going very bad very quickly. These news events have no respect for any indicator whatsoever. Ah, well, luckily MM is there to save the day.