Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
Hi Rocwell,
Not seen much of you on the thread. Too busy spending your pips? Some good stuff on the strategy and fibonacchi. Personally, I have found it a useful tool but I only incorporate on my hourly and four hourly charts and something which is dependent on the instrument you trade. I would not use fib for instance when trading the black stuff! It's all personal prefs, as I like to get in and out based on watching my cci's on 5 min chart.
Have fun this week coming. It wouldbe interesting to see how people faired on the pip count using fib and not using fib? But not my pips to play with so I'll keep quiet.
Good luck trading this week. My holiday destination wet and still very windy.
Fibbing rockie
Hi rockdrive,
Hope the holiday is going well. Been verrrrry busy at work sonot been able to gather many pips recently, to make up forit i've taken the week off, sothe Markt better watch out! I hear what you say about Fibs, but i'm always looking to experiment with things and i'm intrigued by the way scorpion and Cako use them. like most people, i've been round the block with different indicators and what not and now that the Market is starting to make sense i figure, why not revist some of the ones that seemed to have some kind of promise?
Anyway, i hear you're suffering withdrawl symptoms from lack of trading? when are youback off your hols and back in the black stuff?
I hope you are all well-rested and reafy to rumble.
I've been away from the thread all weekend, having gotten roped into some silly cleansing detox thing by my wonderful sister.
No meat, no alcohol, no bread, no potatoes. I would love to say I feel much better, but actually I feel exhausted.
Anyway, the format will change a tiny bit today. Most of the questions I get are referring to the 5m chart.
Many of you are using this as a stand-alone strategy which will eventually burn your bank. It's imperitive that you look at the bigger picture and for that reason I will no longer refer to the 5m chart, but instead the 4hr, 60m and 15m.
I have made a couple of tiny alterations to the template to help keep you away from the 5m until it's time.
I will discuss these later.
So, swiftly moving along, Gold & Crude are still in an overall downward trend, but Crude seems so be curling.
By that I mean on the 4hr chart the falls of late haven't been so heavy. there has been more sideways action, and this gives rise to the price looking like it's curling around. The weekly CCI didn't manage to break yet, there has been a higher low and a higher high, the 4hr 20 is very close to crossing the 50 in a bullish manner and a 400 pip recovery to the daily 20 at $130 may well be on the menu.
For Gold it's not quite so clear cut. Yes it's made a higher high and higher low, but it's sat directly below the daily 50 with a descending 4hr 20 powering down. At least the crude has a gap to play.
Gold really needs to break Friday's high with some conviction before I get excited.
Technically it's all set for futher falls, but I dare say if the Dragon pushes higher then Gold will not fall too much.
On the currencies Cable and Euro look set for falls, whilst Swissie is having some difficulties.
USDJPY is also having a rough time at present. The weekly 50 is up there at 108.50 but a clean break of 108.00 might see it go close.
On the 15m charts. Gold is not appealling to the upside as Crude is not to the downside.
Mixed picture at the moment, with Swiss looking bearish and Euro looking quite good above 1.56. 4hr CCI on both of these is very close.
If cable can break Friday's lows that maybe an interesting proposition on the back of weaker news.
I'll go back to bed for an hour.
__________________ 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
Dear Le Pimp,
Firstly you poor thing. Was your sister punishing you for a misdeminer in a previous life. No carbs, no meat, no alcohol. Dear God what did you do wrong? It's just plain wrong. I hope you recover quickly and I'd prescribe a large bloody mary and a very large bacon and egg roll with hp sauce. That should help undo some of the damage.
On to trading - great to see a move back to the strategy. The 5 min charts were introduced to help with entries but only based on clear evidence from 60 and 4hr charts. I have only traded crude from 5m chart!
The 5 min chart can sucker you in to jumping in against the trend. Something plenty on this thread seem to have been doing recently. Like all of the stuff been disucssed, there is no single strategy, but to get the best you need to think big picture and not just tiny timeframes. Before you know it you'll be thinking shorter and shorter tiemlines and the only winner is your broker come spread better.
Stand back and focus on the bigger picture. 5m for possible entry and 15m 21 and 84cci's to keep you in.
Hi cako,
How did you get on today? Anybody get any decent trades? Are we now getting back to the strategy or are the trades still counter trend and using 5m charts?
Please post results from trades taken by the group.
Le pimp,
As you were kind enough to share your weekend libations I thought to do the same;
Friday - chicken madras and large naan, with several large kingfishers
Sat - BBQ butterflyed leg lamb with several beef kebabs, SA rose; supper of thai green curry and half a dozen guinness
Sun - BBQ freshly caught sea bass, and chilli tiger prawns, plus some neat burgers, several larger snifters of Auzzie red. More beer at local pub until sun-set.
Le pimp,
As you were kind enough to share your weekend libations I thought to do the same;
Friday - chicken madras and large naan, with several large kingfishers
Sat - BBQ butterflyed leg lamb with several beef kebabs, SA rose; supper of thai green curry and half a dozen guinness
Sun - BBQ freshly caught sea bass, and chilli tiger prawns, plus some neat burgers, several larger snifters of Auzzie red. More beer at local pub until sun-set.
That my friend was my detox!
You should join the program.
Membership - free
Pickled rockie
Hahahaha,
you club seems like a bit of me. Free membership too. Count me in !!
I am actually feeling quite good now. Just smoothies and loads of fruit and veg.
Got to stay away from bread and the like and certainly not looking to pollute my body with any of those toxic poisons. Not until I hit the Costas anyway !!
As far as trading goes I am having a bit of time out to do other things.
Took a few pips on Dax and lost a few on Dax. Made a few on Ftse and Currently in GBPUSD from the 60m 20.
Have been working hard on some minor adjustments to the template, just to steer people away from the 5m chart until the entry.
So, what I have done is the following.
2 Pairs tiled on the screen, GBPUSD & EURUSD in this example. (once set-up like this you can save as profile then create new profile for the other pairs)
At the top is the 4hr and at the bottom is the 60m.
The 60m shows the 4hr and daily CCI, whilst the 4hr shows the weekly CCI.
M.A's are as before.
This is where we do our technical analysis.
Once that is complete the top chart gets changed to a 15m timeframe, which shows my 15m & 60m CCI's. So now we have a 15m and 60m showing 15m 60m 4hr and Daily CCI. We spend most time one this set up until we get the signal.
Then finally. when the set-up is visable on the 15m chart and looks good on the 60m chart, then and only then, upon the cross of the 15m 21CCI we switch 15m to the 5m.
This has the 63 (15m 21CCI) so we can still see the cross. Now what we wait for is the 7 to recross.
After entry we switch back to the 15m chart at the top and just let the trade do its thing on the 15m and 60m. Once sufficiently marinated we can then either take profit, or my preference, to take partial profit and switch the 15m chart at the top to 4hr, leaving us a 4hr and 60m chart displayed.
This way we can really maximize profits.
Look at the shots, and how this method could have netted 150 pips on GBPUSD today.
Pic 1 - 4hr/60m - Technical analsyis / Running the trade(2)
Pic 2 - 15m/60m- Looking for set-ups / Running the trade(1)
Pic 3 - 5m/60m - Entry
Now can anyone tell me they would rather get in and out with 10-15 pips all day on a 5m chart?
Case dismissed !
NOTE:: THIS IS NOT A CHANGE OF SETTINGS. IT'S PURELY A VISUAL THING. ALL CCI'S ARE STILL 21'S FROM DIFFERENT TIMEFRAMES
__________________ 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
Further to the recent post, if you are not fortunate enough to have multi-screens then as I mentioned, you can create additional profiles.
Maybe 1 for Gold and Crude, 1 for Euro & Cable and finally one for my girls JPY and CHF.
No you can't view all the charts at the same time but it's easy enough to switch from profile to profile.
Alternatively tile 2 x Euro and 2 x cable as in the above post, then open 2 x Crude and 2 x Gold and position them over the previous 4. You will have to resize them slightly.
Finally 2 x JPY and 2 x CHF and position those over the top of the Gold and Crude ones.
You'll now have 12 charts open 4 pairs x 2 and 2 commodities x 2.
Failing that, get down to P.C world or Walmart and buy a couple more monitors.
__________________ 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
Further to the recent post, if you are not fortunate enough to have multi-screens then as I mentioned, you can create additional profiles.
Maybe 1 for Gold and Crude, 1 for Euro & Cable and finally one for my girls JPY and CHF.
No you can't view all the charts at the same time but it's easy enough to switch from profile to profile.
Alternatively tile 2 x Euro and 2 x cable as in the above post, then open 2 x Crude and 2 x Gold and position them over the previous 4. You will have to resize them slightly.
Finally 2 x JPY and 2 x CHF and position those over the top of the Gold and Crude ones.
You'll now have 12 charts open 4 pairs x 2 and 2 commodities x 2.
Failing that, get down to P.C world or Walmart and buy a couple more monitors.
I am ready
How much exactly monitors shall on the whole need?
__________________
RUN With The BULLS And HUNT With The BEARS - Nothing By Chance
Linear Mode
