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10.4 A Complete System
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Author:  etheldreda [ Wed Mar 27, 2013 11:54 am ]
Post subject:  Re: What goes up must come down....

Gertje wrote:...This could be an indication that the strenght from the pair containing the 2 currencies reverses and a change in direction happened.
Got it... so you are noticing the direction reversal then..

thank you
-ethe-
Author:  nanningbob [ Wed Mar 27, 2013 11:54 am ]
Post subject:  Re: 10.4 A Complete System

Gertje wrote:I have been struggling last week, but made 2.5% yesterday again by being more picky than before.
What I have found usefull is to open 2 charts with;
- CSS D1
- CSS H4
And compare these.

Like today, the USD is flat on the D1 [compared to yesterday] but on the H4 it's climbing hard. EUR is at the bottom of the barrel on both charts, so a save sell in my opinion.
I'm in sell EURUSD and EURCAD as the CAD is the big riser on the H4. As long as the gap between EUR and CAD keeps widening, I'll stay in the sell.
USD is climbing hard because the EURO is dropping like a rock and gbp is going down some. Other than that it isnt going anywhere on other pairs or going down. The 4H is skewing its overall strength because of the EURO drop more than USD strength. So the Daily is giving a more accurate picture. Going euro sell on everything today has given my account a nice boost. Curious to see if it continues during the USD session. I wouldnt be doing USD buys based on the 4H the Euro fall is affecting that whole indi setup.
Author:  Gertje [ Wed Mar 27, 2013 12:01 pm ]
Post subject:  Re: 10.4 A Complete System

nanningbob wrote:
Gertje wrote:I have been struggling last week, but made 2.5% yesterday again by being more picky than before.
What I have found usefull is to open 2 charts with;
- CSS D1
- CSS H4
And compare these.

Like today, the USD is flat on the D1 [compared to yesterday] but on the H4 it's climbing hard. EUR is at the bottom of the barrel on both charts, so a save sell in my opinion.
I'm in sell EURUSD and EURCAD as the CAD is the big riser on the H4. As long as the gap between EUR and CAD keeps widening, I'll stay in the sell.
USD is climbing hard because the EURO is dropping like a rock and gbp is going down some. Other than that it isnt going anywhere on other pairs or going down. The 4H is skewing its overall strength because of the EURO drop more than USD strength. So the Daily is giving a more accurate picture. Going euro sell on everything today has given my account a nice boost. Curious to see if it continues during the USD session. I wouldnt be doing USD buys based on the 4H the Euro fall is affecting that whole indi setup.
I won't, thanks.
Author:  cmeade2 [ Wed Mar 27, 2013 12:05 pm ]
Post subject:  Re: 10.4 A Complete System

Also the USD is really weak on the D1, which supports your lack of buy.

I'm not brave enough to jump in with all sells on the Eur, but I did set it up on BasketEquity.


nanningbob wrote:
Gertje wrote:I have been struggling last week, but made 2.5% yesterday again by being more picky than before.
What I have found usefull is to open 2 charts with;
- CSS D1
- CSS H4
And compare these.

Like today, the USD is flat on the D1 [compared to yesterday] but on the H4 it's climbing hard. EUR is at the bottom of the barrel on both charts, so a save sell in my opinion.
I'm in sell EURUSD and EURCAD as the CAD is the big riser on the H4. As long as the gap between EUR and CAD keeps widening, I'll stay in the sell.
USD is climbing hard because the EURO is dropping like a rock and gbp is going down some. Other than that it isnt going anywhere on other pairs or going down. The 4H is skewing its overall strength because of the EURO drop more than USD strength. So the Daily is giving a more accurate picture. Going euro sell on everything today has given my account a nice boost. Curious to see if it continues during the USD session. I wouldnt be doing USD buys based on the 4H the Euro fall is affecting that whole indi setup.
Author:  nanningbob [ Wed Mar 27, 2013 12:30 pm ]
Post subject:  Re: 10.4 A Complete System

cmeade2 wrote:Also the USD is really weak on the D1, which supports your lack of buy.

I'm not brave enough to jump in with all sells on the Eur, but I did set it up on BasketEquity.


nanningbob wrote:
Gertje wrote:I have been struggling last week, but made 2.5% yesterday again by being more picky than before.
What I have found usefull is to open 2 charts with;
- CSS D1
- CSS H4
And compare these.

Like today, the USD is flat on the D1 [compared to yesterday] but on the H4 it's climbing hard. EUR is at the bottom of the barrel on both charts, so a save sell in my opinion.
I'm in sell EURUSD and EURCAD as the CAD is the big riser on the H4. As long as the gap between EUR and CAD keeps widening, I'll stay in the sell.
USD is climbing hard because the EURO is dropping like a rock and gbp is going down some. Other than that it isnt going anywhere on other pairs or going down. The 4H is skewing its overall strength because of the EURO drop more than USD strength. So the Daily is giving a more accurate picture. Going euro sell on everything today has given my account a nice boost. Curious to see if it continues during the USD session. I wouldnt be doing USD buys based on the 4H the Euro fall is affecting that whole indi setup.
I have closed out my Euro positions I have a sell on the eur/aud which didnt move much during the euro session. I will play the break of the double bottom and see what happens. See if it goes. Other than that buying usd/jpy and aud/jpy. Made my money today now gonna set back and see if a couple will hit and run. Now that prices are running you can see how this system works great on breakouts and trends. If the Euro goes into a DT for a couple of months we can be all over every retrace.
Author:  cmeade2 [ Wed Mar 27, 2013 12:32 pm ]
Post subject:  Re: 10.4 A Complete System

The advantage for you is that you are 12 hours off of me. I would have made money too, but unfortunately, I was sleeping! :cry:
nanningbob wrote:
cmeade2 wrote:Also the USD is really weak on the D1, which supports your lack of buy.

I'm not brave enough to jump in with all sells on the Eur, but I did set it up on BasketEquity.


nanningbob wrote:
Gertje wrote:I have been struggling last week, but made 2.5% yesterday again by being more picky than before.
What I have found usefull is to open 2 charts with;
- CSS D1
- CSS H4
And compare these.

Like today, the USD is flat on the D1 [compared to yesterday] but on the H4 it's climbing hard. EUR is at the bottom of the barrel on both charts, so a save sell in my opinion.
I'm in sell EURUSD and EURCAD as the CAD is the big riser on the H4. As long as the gap between EUR and CAD keeps widening, I'll stay in the sell.
USD is climbing hard because the EURO is dropping like a rock and gbp is going down some. Other than that it isnt going anywhere on other pairs or going down. The 4H is skewing its overall strength because of the EURO drop more than USD strength. So the Daily is giving a more accurate picture. Going euro sell on everything today has given my account a nice boost. Curious to see if it continues during the USD session. I wouldnt be doing USD buys based on the 4H the Euro fall is affecting that whole indi setup.
I have closed out my Euro positions I have a sell on the eur/aud which didnt move much during the euro session. I will play the break of the double bottom and see what happens. See if it goes. Other than that buying usd/jpy and aud/jpy. Made my money today now gonna set back and see if a couple will hit and run. Now that prices are running you can see how this system works great on breakouts and trends. If the Euro goes into a DT for a couple of months we can be all over every retrace.
Author:  nanningbob [ Wed Mar 27, 2013 12:54 pm ]
Post subject:  Re: 10.4 A Complete System

cmeade2 wrote:The advantage for you is that you are 12 hours off of me. I would have made money too, but unfortunately, I was sleeping! :cry:
nanningbob wrote:
cmeade2 wrote:Also the USD is really weak on the D1, which supports your lack of buy.

I'm not brave enough to jump in with all sells on the Eur, but I did set it up on BasketEquity.


nanningbob wrote:
Gertje wrote:I have been struggling last week, but made 2.5% yesterday again by being more picky than before.
What I have found usefull is to open 2 charts with;
- CSS D1
- CSS H4
And compare these.

Like today, the USD is flat on the D1 [compared to yesterday] but on the H4 it's climbing hard. EUR is at the bottom of the barrel on both charts, so a save sell in my opinion.
I'm in sell EURUSD and EURCAD as the CAD is the big riser on the H4. As long as the gap between EUR and CAD keeps widening, I'll stay in the sell.
USD is climbing hard because the EURO is dropping like a rock and gbp is going down some. Other than that it isnt going anywhere on other pairs or going down. The 4H is skewing its overall strength because of the EURO drop more than USD strength. So the Daily is giving a more accurate picture. Going euro sell on everything today has given my account a nice boost. Curious to see if it continues during the USD session. I wouldnt be doing USD buys based on the 4H the Euro fall is affecting that whole indi setup.
I have closed out my Euro positions I have a sell on the eur/aud which didnt move much during the euro session. I will play the break of the double bottom and see what happens. See if it goes. Other than that buying usd/jpy and aud/jpy. Made my money today now gonna set back and see if a couple will hit and run. Now that prices are running you can see how this system works great on breakouts and trends. If the Euro goes into a DT for a couple of months we can be all over every retrace.
Well the early bird gets the worm :)
Author:  cmeade2 [ Wed Mar 27, 2013 12:56 pm ]
Post subject:  Re: 10.4 A Complete System

The fact is that thanks to you and your emphasis on H4 and D1, I have actually been able to live something of a "normal" life while trading forex. Definitely not a feature of past systems.

Thanks again Bob.

nanningbob wrote:
cmeade2 wrote:The advantage for you is that you are 12 hours off of me. I would have made money too, but unfortunately, I was sleeping! :cry:
nanningbob wrote:
cmeade2 wrote:Also the USD is really weak on the D1, which supports your lack of buy.

I'm not brave enough to jump in with all sells on the Eur, but I did set it up on BasketEquity.


nanningbob wrote:
Gertje wrote:I have been struggling last week, but made 2.5% yesterday again by being more picky than before.
What I have found usefull is to open 2 charts with;
- CSS D1
- CSS H4
And compare these.

Like today, the USD is flat on the D1 [compared to yesterday] but on the H4 it's climbing hard. EUR is at the bottom of the barrel on both charts, so a save sell in my opinion.
I'm in sell EURUSD and EURCAD as the CAD is the big riser on the H4. As long as the gap between EUR and CAD keeps widening, I'll stay in the sell.
USD is climbing hard because the EURO is dropping like a rock and gbp is going down some. Other than that it isnt going anywhere on other pairs or going down. The 4H is skewing its overall strength because of the EURO drop more than USD strength. So the Daily is giving a more accurate picture. Going euro sell on everything today has given my account a nice boost. Curious to see if it continues during the USD session. I wouldnt be doing USD buys based on the 4H the Euro fall is affecting that whole indi setup.
I have closed out my Euro positions I have a sell on the eur/aud which didnt move much during the euro session. I will play the break of the double bottom and see what happens. See if it goes. Other than that buying usd/jpy and aud/jpy. Made my money today now gonna set back and see if a couple will hit and run. Now that prices are running you can see how this system works great on breakouts and trends. If the Euro goes into a DT for a couple of months we can be all over every retrace.
Well the early bird gets the worm :)
Author:  TraderDesk [ Wed Mar 27, 2013 1:14 pm ]
Post subject:  Re: 10.4 A Complete System

I also closed my euro sells.... Just on E/J I have sell limits up to 120.70 targeting the 120 level as well as 119.70... there is a chance that 119.10 area can be reach but that is not my TP for today...
Author:  nanningbob [ Wed Mar 27, 2013 1:22 pm ]
Post subject:  Re: 10.4 A Complete System

TraderDesk wrote:I also closed my euro sells.... Just on E/J I have sell limits up to 120.70 targeting the 120 level as well as 119.70... there is a chance that 119.10 area can be reach but that is not my TP for today...
The Euro is going down I am at S3 and S2 all over the place. Do I have the stomach to go to S4 or S5. This is only Wednesday, wonder what Thurs and Friday will be like. What are we going to use to reenter, just guess. I just am beginning to understand that retraces give me security. Bottomless drops, well that is something new for me. I have usually been on the wrong side of these things. Pity the poor guys who loves the STO indi wondering when this dang thing is going to quit bottoming out. LOL
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