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| 10.4/10.5 trades only https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=2137 |
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| Author: | McNish [ Thu Jun 13, 2013 8:20 am ] |
| Post subject: | Re: 10.4/10.5 trades only |
you've spotted-the-spot Dave, true to your name. i made a similar comment yesterday at one of the threads and also gave a pic to illustrate it. Most currencies are in a diverging mode or mood. Watch what u trade, specially have strict MM guys. Cheers  |
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| Author: | spotdespot [ Thu Jun 13, 2013 8:46 am ] |
| Post subject: | Re: 10.4/10.5 trades only |
I'm glad I'm not the only one who thinks this. I'm even more convinced/wary today. Cheers, Dave. |
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| Author: | kwanann [ Thu Jun 13, 2013 10:28 am ] |
| Post subject: | Re: 10.4/10.5 trades only |
Whilst i don't use the daily CSS, looking at pure PA, something is not right after the asian session. Cannot put my finger on it though.. So.. no trades for me for LS and US |
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| Author: | mrelectron [ Thu Jun 13, 2013 10:51 am ] |
| Post subject: | Re: 10.4/10.5 trades only |
<snip> Cannot put my finger on it though .... <snip/> Maybe apply the Principle of Most Pain. What will cause the most pain to majority of traders. |
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| Author: | fahedksa [ Thu Jun 13, 2013 11:42 am ] |
| Post subject: | Re: 10.4/10.5 trades only |
Today had 5 trades close now 2 win,3 lose All AUD trades lost trades today. I attached chart pointing to my entry time and price and the situation of the pair at that time. I think the trade is by rules but Aud news today change the direction and I don't close the trade when 1H CSS color changed to green . Am I right with analyze the issue or I miss something here? |
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| Author: | kwanann [ Thu Jun 13, 2013 11:51 am ] |
| Post subject: | Re: 10.4/10.5 trades only |
Well.. Green means no trade right? |
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| Author: | kwanann [ Thu Jun 13, 2013 1:15 pm ] |
| Post subject: | Re: 10.4/10.5 trades only |
Ok I know what it is, reset and change of trend, no wonder these few days so volatile |
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| Author: | nicoacademia [ Thu Jun 13, 2013 2:05 pm ] |
| Post subject: | Re: 10.4/10.5 trades only |
closed out my USDCAD that's been just sitting there for 2 days. something is up in this market. and its just best to let it work out the next setup. its been good days, things just got slow or in some pairs case, not as clean. we march to the market's beat. in this slow market i had time to go out further and see that AUDUSD hit a very very long term level and reversed out of it. in fact if you trace to when they built this up....you would say the initial range was most of last year...and then it got poked up...held there for 1 month then straight down. i had marked on some other chart the low level from the last fall of the AUD and that's what caught my eye. up to now i have not done super long term analysis.(i've done it before but not made money out of it at all.) but since things slowed down and had time to see. i guess it might explain dodgyness of the current situation. i'm mostly thinking out loud here. i still follow 10.4 to que me in. i wish i could hold onto my USDCAD but its not behaved the way i envisioned it to be. meanwhile my trade from start of the week in the GBPUSD still hangs there high. there is latent strength in there. but if you go out to the longer term...with fib work you will see that on the daily...we are bouncing around the 55% fib retrace. and also GBPUSD didn't slam-bang-thank-you-maam the way i liked so i am justified in having taken my profit too. (i've never made money nor double/tripled accounts with fib work btw i have many tools in my bag but only 10.4 allowed me to do so) if you look at the FXCM dollar index it too is nearing demand levels. i had so much time since things were slow i looked at the SPY, the N225 the ASX200 and the STI and all of them told me they are near a demand level. i have traded with sam seiden's demand level and also not had the results i have on 10.4. but still it is a phenomena to be observed and perhaps explains the dodgyness we are seeing. PA wise. crack and snaps ala steve nison are across the board. long pins too. etc. i could go on. but at the end of the day. we march to the beat the market plays. (in a nutshell) |
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| Author: | nicoacademia [ Thu Jun 13, 2013 2:09 pm ] |
| Post subject: | Re: 10.4/10.5 trades only |
You are right. You have to close when the color changes to green. i guess the safety catch is to get out when 1H CSS is green (since we are short). i have eyeballed the 1H CSS colours and yes it gets us out with small losses. keeping us in the game for the winners which will be at least(at very least) 2-3times larger than the safety catch losses. these are times when the market direction wobbles. looking at D1 CSS the mighty CHF no longer steaming up relentlessly. the AUD trying to rise again. and the EUR just slowing down. we last saw this when the Yen flattened out. before starting this tear up. so when we feel the market start to wobble in a different directions. our trades end up in small losses or profits are hard to come by/slow. we know something is up. |
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| Author: | Pedigree [ Thu Jun 13, 2013 7:58 pm ] |
| Post subject: | Re: 10.4/10.5 trades only |
Surely, you are one lucky devil to have found this forum your first year trading. You'll probably never know how much heart-ache you've been saved!!! So much credit to all who have given so much here to make this forum the Jem.... sorry, gem that it is! |
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