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Old 05-13-2008, 10:31 AM
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ValeoFX ValeoFX is offline
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This morning's entry..................

At 8h10 on my chart marked with a Yellow Arrow, was the first entry for a short. I did NOT trade that short based on the fact that I felt the RSi-2 was too low. However, it was good for +20 pips at least if you were prepared to be taken negative for -12 pips after 15m in the trade.

The next entry-"signal" was generated at the announcement and the CCi-5 overheating at the same time as the RSi-2. Perfect opportunity to short the trade!! Signal for my short was taken @ 10h40 when the CCi-5 hit the zero-line; the RSi set-up on M5 indicated and most importantly, the RSi-2 broke the RSi-4 on the H4 set-up in the bottom window of my frame. That over-rules the H1 set-up that was not ready yet, as the H4 clearly showed the bias for a short before the announcement anyway.

About the last retrace @ 11h35..................again the RSi-2 was way overheated and the CCi-5 nearly. So you stay in and just obey the 15-EMA to maximise your profits. In my case +101.

Any comment and/or question will be appreciated.

Best wishes.
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Last edited by ValeoFX : 05-13-2008 at 10:34 AM. Reason: spelling
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