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AS we have seen this morning, on the back of rumours of the liklihood of possible rate hikes in the UK sooner rather than later, we have seen GBPUSD travelling in an OPPOSITE direction to its counterpart EURUSD this morning.
This happens sometimes and when it does there is always opportunity in the cross-pair.
So if Euro is weak against Dollar and Pound is strong against Dollar, then Pound MUST be strong against Euro.
Remember the Football analogy from the second post on the thread ?
The left chart is GBPUSD, the right is EURUSD and the middle is EURGBP.
A nice little move and well worth remembering. When not looks quite right on our main stage there is always something lurking in the shadows for us.
If there's any questions about this topic then please do ask.
Thanks FX.
I was just going to ask you about the cross rates when you get some divergence from the usual correlation. GBPJPY not surprisingly offering some pips today.
Maybe you haven't added the Heiken Ashi Candle indicator into you indicators folder of your mtf platform - if you are using the template that was posted here you need to have all the indicators that it uses...
Hi FX-P Soz, i hould have said, I have the indicator already downloaded that indicator and placed in it the Custom Indicators folder, re-started the metatrader platform but still cant get the bars as per your charts.
(P.S im using WHC platform)
Hi FX-P Soz, i hould have said, I have the indicator already downloaded that indicator and placed in it the Custom Indicators folder, re-started the metatrader platform but still cant get the bars as per your charts.
(P.S im using WHC platform)
Heiken_AshiH_cw_mtf.mq4 uses the original Hekien Ashi.mq4 in the code so you need both of them. originally when you install the MT4 it's in the experts/indicators folder but accidents always happen.
just download it and it should work.
With crude finding support a little 1-2-3 might be in order here.
Yes it's against the main 4hr and 60m trend but it has fallen a long long way.
This is what I was expecting this morning and it might happen now.
Keep an eye on the 7CCI for retracement, price bouncing off the 5m 20 ehich will shortly be crossing the 15m 20 and of course the Chairman to sustain a little upward momentum.
__________________ I'm now sending trading notes out twice a day with videos too. Have a look HERE.
There's one set at 6:30 UK time for London and one at 12:00 for U.S session, plus I will send a summary video after each session
It was very interesting morning to be honest.
Know many of us here took some nice pips - been chatting on Skype whole morning with you people and it was fun
So, i decided to start a chat room on Skype called THE BOILER ROOM and everybody is welcome. Will be trading this strategy there every day - and we can ask Mr. Pimp to join us, too!!!!
So, what do you think about this idea Mr. Pimp? Willing to help us a bit?
__________________
I have set-up a free Skype chat. It's called The Boiler Room. I will be there each day trading strategy from School Of Pimpology thread. Feel free to join in the fun.
Last edited by cako; 07-23-2008 at 04:43 PM.
Reason: trying to edit spelling mistakes :)
So, it decided to start a chat room on Skype called THE BOILER ROOM and everybody is welcome. Will be trading this strategy there every day - and we can ask Mr. Pimp to join us, too!!!!
So, what do you think about this idea Mr. Pimp? Willing to help us a bit?
Yessireeeeeeee that would be cool. What sort of times did you have in mind?
I usually trade for a few hours in the morning, have a rest and do a bit of exercise (2 burgers, couple of beers and a ciggie kind of exercise), then come back for a few hours in the afternoon.
That will be good. I'd be honoured.
__________________ I'm now sending trading notes out twice a day with videos too. Have a look HERE.
There's one set at 6:30 UK time for London and one at 12:00 for U.S session, plus I will send a summary video after each session
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