Hi Rollingstone,

A true supporter you are. Sticking to the strategy.
But........we know how Pimp loves to play with indicators to try and improve the pip count. Sure back through the thread, remember how we had him playing with fibonnaci?

Anyway, to be fair to Endy here, this indicator is just to show what pairs might move the most. He still uses Pimp's strategy on a 1 hour chart, but, applies it to that pair. I'm all up for increasing the pip count .

Let's keep an eye on it.

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Honest Bill

Cable looks set to fly this afternoon.

Get in and hold for a few days is the way forward in my opinion.

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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

You truly are amazing, Mr. Pimp. I got this message to my phone, but was out with stuff to do. Tried to get back as quickly as possible. And it's gone.

I know you'll post the results here, but as I type it has gone +250 pips since your post.

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Honest Bill

Okay, I'm going to keep this thread alive. Even if it is about Endy's indicators.
USD/CHF has fallen 800 pips since it crossed the -100.
EUR/USD has risen 1200 pips since it crossed the +100. See the pics below.

And we could almost call them nice little 123's in the bottom window as they push away from those levels. This is definitely one to keep an eye on.

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Honest Bill

Hi, I was just starting to read this thread. I'm at page 34 right now, but I go back and forth to the last page from time to time. I noticed that it's been slowing down on new posts lately (aside from getting more and more confusing). If it is indeed dead, where can I get a follow up on the original Mr. P's stuff?

Thanks
Salat

Hi All

Bloom, I am embarrassed to admit joining the KHT club yesterday.

I have read your posts regarding some good trades & a lot of hard work only to be 'blown' with a few reckless ones, which when reviewed later you can't understand what on earth possessed you to chuck them on!

I experienced exactly that yesterday, listening to Zak & Dan, I made a few excellent trades yesterday, gently banking out of them & trailing my stop. Very very happy with the increase in my account balance at about 6pm. Infact, I'd only had 1 losing trade all day, and that was due to too tight a stop, after being stopped out, it turned aound & went it the 'right' direction, but I didn't have the b*lls to get back in.

So, to the interest announcement in the evening. I watched as the prices spiked (I'm not a news trader), 'they'll turn around & come back soon' I thought to myself. But no, the longer I watched the higher (eurusd, cable & dow) they went. So fear (of missing 'easy' pips) and greed (I’ve done well today, must be on a roll) took over and a launched in (long) at twice my usual stake.

Guess what, all stopped out, all of the days hard won gains gone (and last weeks to!)

Unbelievable. Just goes to show even when you think you have mastered the emotional side of trading, you'll turn around & kick yourself with your own stupidity!

So back to the drawing board today (I’m short EURCHF from 1.5577 added to position @ 1.537, thinking of adding again on 123 @ WP 1.5685– thanks Zak)

I hope you guys haven't fallen for similar 'easy pips'?

Its 4hr & 1hr timeframes from now on, dropping down to 5m, 15m only when a price level has been hit / broken on the higher tf, just to get a tighter entry (or even place orders, which will or won’t get filled & go to do something else for the day)

Its really nice to know (from this thread), that I’m not alone

keep up all the good work Bill (& Endy - I'll have to get my head round your CCI charts) and of course the big man himself.

Zak, you must be exhausted. YouTube, this thread, the live rooms, school, etc etc. Make sure you have a nice relaxing break over the festive period

Paul

Welcome Paul,

There are quite a few of us in the club now. Most important thing now is to dust yourself off and trade pure strategy plays, get the confidence back. Its always the same, increase stake and lose straight off.

Bloom

I don't want to mess around here with my "confusing colorful bullshit" anymore, but you are spot on Bill !!!
I am also hanging around with some EURUSD longs since last week as well as USDCHF shorts. Since end of last week I noticed rise in CHF and hence since yesterday I started to long CHF on all 6 currency pairs. Just open them up all and you'll see pippage there(i think it is over 2k pips now overall).
All entries within 20EMA/50SMA region on H1. Nice and smooth.
Bye,
endy

Hey Endy,

Thanks again for the really cool indi! I've been watching it closely and it continues to wow me. When do you decide to exit? At the cross of 100/-100 again or cci?

Happy pipping all,

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Fx Diva

Extremely important topic fxdiva, however, there is not much new to say here, really.
All was already covered absolutely perfectly by Pimp's posts.
I can only humbly repeat after him:
1. Fibo's (please see my latest sample here: http://www.forex-tsd.com/248980-post1396.html).
2. Important MAs and S/R's from higher TFs.
3. And the most important of all: money management.

I am working on EA which incorporates currency strength combined with H1 retracements.
Couple of ideas I'm working with:
Entry is divided into three main positions:
a. when price retraces to level of EMA20 (we are still on H1 here),
b. in the middle of retracement region defined by EMA20 and SMA50,
c. at the level of SMA50 (which is bottom of retracement region).

At point a. I enter with 2 units, at b. I enter with 3 units, at c. I enter with 4 units.

On the way UP, I want to book profit at the level of recent high, then I book some profit on fibo levels above recent high. Then I am left with 1 unit I keep for the rest of the move.
I will do the same at the next retracement.

It is very important to define partial booking of profit (booked pips are in your pocket and noone is going to take them away from you) and also let small part of position for the rest of the move. If you do this strategy on 2 week lasting trend with 4-5 retracements you will be happy like rabbit, won't you?

Ok, enough of my rattling here, I guess you get the picture now.
endy