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Timezone? I'm in Australia. Yeah I'm just watching the 15 min chart for any obvious signs of a reversal cause it seems I missed the others apart from the CHF I took.
Nice trade on the Eur by the way I saw that on the 5 but thought it looked a bit late but as you say fortune favours the brave - well done.
Might have been a more obvious earlier entry on that one off the 15 min using Pimps reversal trade guidelines but I got up too late!
Timezone? I'm in Australia. Yeah I'm just watching the 15 min chart for any obvious signs of a reversal cause it seems I missed the others apart from the CHF I took.
Nice trade on the Eur by the way I saw that on the 5 but thought it looked a bit late but as you say fortune favours the brave - well done.
Might have been a more obvious earlier entry on that one off the 15 min using Pimps reversal trade guidelines but I got up too late!
If you're is OZ wouldn't you have been up to get in nicely on the USDJPY?
I thought it was only us Poms who have to get up to catch the early moves!
On the subject of very large template files and slow running, I noticed that on the templates Pimp has given us there are 27 MA's and 8 seperate CCI windows.
Presumably based on the set up he has sent us this isn't correct?
Some have asked why the FX markets have been poor the last couple of days, and if we are to believe in my philosophy of Crude, the chairman, the black dragon, the dark lord, the beast, the Guv'nor, being our guiding star then maybe this 4hr chart might shed some light.
He is currently sat at a critical level at $124.00, which is the weekly 20ema.
There is a lot of support here but a lot of sellers still too, so things are not as clear cut as they were.
When the price is following the trend the speed is much faster. During a consolidation period generally the price action is much slower.
Therefore with no real direction in Crude, there is no real action on Gold and therefore no real action for me in the currency pairs.
__________________ 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
On the subject of very large template files and slow running, I noticed that on the templates Pimp has given us there are 27 MA's and 8 seperate CCI windows.
Presumably based on the set up he has sent us this isn't correct?
G-Man
G-Man,
For the sake of not confusing anybody I have only covered the shorter term.
The template also covers the longer term strategy which I will come onto later.
In these not-so-trending markets are we really overly interested in the daily charts? Look at GBPUSD. Where's it been going?
I'm not interested in longer-term at the moment, but my 4hr charts include the daily and weekly ma's and my daily will incorperate my monthly also for later when we have some clearer direction and some nice trends.
We will introduce this to the group and I will be suggesting ideas for running 2 books. A short-term and a longer-term book just to help maximize profits further.
Please appriciate that there are a lot of novices out there and this was primarily aimed at those people, so to keep things as simple as possible to start with would be the best policy.
I hope that clears it up.
__________________ 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
The Euro would be well worth a go long if it pulls back to the 15m 20 at 156.80, which has now crossed the 60m 20.
The Swissie also. She has quite a bit of red on the 15m chart but a pullback to 1.0360,with a couple of green Heikens might pave the way for further shorting opportunities.
The two trades there for the offering did produce 120 pips in total, but I am a little bit sad that cable once again slipped through my fingers.
I wonder what the U.S session will bring?
__________________ 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
.....silly question i know, considering how long i've been using this strategy, but just wanted to confirm that your aim when moving down to lower time frames from the 1hr chart is to look for entries either, cci crosses or 123s for example, that are in the same direction as the 84cci is pointing in the hourlychart? Am i right also that the above holds true unless looking at retracements, which are more observable as both 21 and 84 cci being crossed in the 15 min time frame, respectively in the same direction but opposite to the cci in the hourly chart?
Please accept my apologies for lack of data today and yesterday afternoon.
It's my birthday weekend and I can't even see the keyboard.
I'll try and get a couple of ideas up tomorrow.
Enjoy your evenings.
__________________ 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
Happy B-Day FX Pimp !!!
Enjoy the weekend and forget about the market you'll have plenty of time to do it this week
and thanks again for sharing your market insight with us