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Supply Demand EA
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Author:  fx800 [ Tue Jun 11, 2013 7:32 am ]
Post subject:  Re: Supply Demand EA

fx8000 wrote:AUDJPY and NZDJPY short setups by 10.4 rules.

H4 RSI pinned to the top, price below 240ma, H1CSS red.

Nothing spectacular at the BOJ policy meeting today. So, expect business as usual, like last week.

The nikkei is trading below the daily pivot.

Rule of thumb : buy above DP and sell below.
RESULTS.

10.4 RULES VERY ROBUST, BOTH WINS.

AJ SELL = +25 PIPS.

NJ SELL = + 32 PIPS.
Author:  fx800 [ Tue Jun 11, 2013 8:07 am ]
Post subject:  Re: Supply Demand EA

Once again today, run of mill stuff, selling the Aussie and Kiwi as per 10.4 rules.

PRICE BELOW 240MA, H4 RSI PEGGED AT THE TOP, H1 CSS GOLD, PUT PENDING ORDERS AT DP/WP.

Right now, the pairs are like your FOREX ATM.
Author:  fx800 [ Tue Jun 11, 2013 9:21 am ]
Post subject:  Re: Supply Demand EA

The nikkei breaking the weekly pivot, followed by most yen pairs, as per 10.4 rules. I am short again GJ, EJ, CADJPY.

TP WS1.
Author:  fx800 [ Tue Jun 11, 2013 11:17 am ]
Post subject:  Re: Supply Demand EA

IT IS WONDERFUL, ISN'T IT.

BOB'S 10.4 EVEN WORKS FOR THE NIKKEI !

SELL BELOW 240MA, RSI PINNED TO THE TOP, BREAK PIVOT -- SELL !
Author:  fx800 [ Tue Jun 11, 2013 11:24 am ]
Post subject:  Re: Supply Demand EA

MORE BAD NEWS FOR THE AUSSIE.

http://www.forexfactory.com/news.php?do=news&id=431977

WAITING FOR THE NEXT RETRACE.
Author:  fx800 [ Wed Jun 12, 2013 1:03 am ]
Post subject:  Re: Supply Demand EA

NICE RETRACEMENTS IN THE AUSSIE DOLLAR AND THE KIWI.

BOTH RSI OVERBOUGHT.

WAITING FOR H1CSS TO TURN GOLD FOR PENDING SELL.

AS FOR XXXJPY PAIRS, AFTER THE BIG FALL YESTERDAY, WAITING FOR THE RETRACE TO RESISTANCE FOR ANOTHER SELL.
Author:  fx800 [ Thu Jun 13, 2013 4:36 am ]
Post subject:  Re: Supply Demand EA

fx8000 wrote:NICE RETRACEMENTS IN THE AUSSIE DOLLAR AND THE KIWI.

BOTH RSI OVERBOUGHT.

WAITING FOR H1CSS TO TURN GOLD FOR PENDING SELL.

AS FOR XXXJPY PAIRS, AFTER THE BIG FALL YESTERDAY, WAITING FOR THE RETRACE TO RESISTANCE FOR ANOTHER SELL.
ONCE AGAIN, THE AUSSIE DOLLAR AND KIWI DID NOT FAIL TO DO WHAT THEY HAVE BEEN DOING FOR THE PAST FEW WEEKS.

THE AUDUSD REVERSED FROM WP, AND NZDUSD BOUNCED OFF WR1.

JUST FOLLOW 10.4 RULES BY THE BOOK.

LIKE BEFORE THE AUSSIE AND KIWI WERE MY BANKERS YESTERDAY, WHAT I CALL MY FOREX ATM. AS IT HAPPENS, THE EURO AND GBP WERE RISING, SO I CLEANED THE TABLES WITH BUYS FOR GBPAUD, GBPNZD, EURAUD AND EURNZD. ALL BY 10.4 RULES AS WELL.

THERE WAS EVEN NO NEED TO TRADE OTHER PAIRS.
Author:  fx800 [ Thu Jun 13, 2013 5:47 am ]
Post subject:  Re: Supply Demand EA

NO 10.4 SETUPS TODAY. ALREADY EXCEEDED TARGET FOR THE WEEK YESTERDAY.

HAVE A REST.
Author:  fx800 [ Thu Jun 13, 2013 6:45 am ]
Post subject:  Re: Supply Demand EA

All xxxjpy pairs, the Aussie and Kiwi are in a downtrend. So, waiting for retrace to resistance, then sell.

The pound and the euro are in an uptrend, so waiting for retrace to support for a buy.

GBPAUD, GBPNZD, EURAUD AND EURNZD ARE IN AN UPTREND, SO WAITING FOR RETRACE TO SUPPORT FOR A BUY.

ALL BY 10.4 RULES.

TRYING TO BUY WHEN PRICE BREAKS RECENT HIGHS OR VICE VERSA CAN WORK, BUT ARE MORE RISKY. I ONLY STICK TO THE SAFER 10.4 TRADES. IF NO SETUPS, THEN NO TRADES.
Author:  fx800 [ Thu Jun 13, 2013 6:51 am ]
Post subject:  Re: Supply Demand EA

THE CORRECTION IN THE STOCK MARKET HAS FINALLY ARRIVED, AND ALL STOCK INDICES ARE DOWN.

THE NIKKEI THE HARDEST HIT, ASIAN AND OTHER EMERGING MARKETS PLUNGED AS WELL.

THE VIX OR VOLATILITY INDEX IS UP.

THE YEN HAS STRENGTHENED, PROMPTING JAPANESE INVESTORS TO SELL THE NIKKEI AS A STRONGER YEN MAKES JAPANESE EXPORTS LESS COMPETITIVE AND REDUCES THEIR OVERSEAS PROFITS WHEN YOU CONVERT OVERSEAS CURRENCIES BACK TO THE YEN, A DOUBLE WHAMMY.

SO, FOR THIS YEAR, SELL IN JUNE AND GO AWAY. WHEN THE VOLATILITY INCREASED AS IN THE LAST FORTNIGHT, UP ONE DAY AND DOWN THE NEXT, THAT WAS A SIGN TO GET OUT, ESPECIALLY IF ONE IS SITTING ON FAT PROFITS SINCE THE BEGINNING OF THE YEAR. I KNOW MANY PROFESSIONAL TRADERS WERE SELLING AT RECENT HIGHS WHILE RETAIL INVESTORS PILE IN. THE SAME OLD STORY.
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