Congrats on a another positive day. Any positive day is a good day. I just went live with my account today, waiting till the new day opens to start trading. Hopefully in the next 12 hours or so I get some good signals and a little extra coin in my pockets. Happy trading all.

Hey Vampy,

Thanks for sharing your hopes and fears. We completely relate to this...there have been times when us larries are in a trade and it's going our way, we are high-fiving to each other and then just to see the trade suddenly turn and we end up letting it hit our stop loss. So in the end, instead of making those joyful pips, we ended up with -20 to -30pips

The funny thing is the very first time we traded (before FX pimp stepped into our lives), we made over 200pips on our first day and we thought this was simpler than we thought but a couple of days later we lost it all and much more and it scared us from trading anymore. Thankfully, we discovered 007 & le pimp and they rescued us from hopelessness. Yes, we too are trying to set our accounts back to what we started with even though it will take some time but we are definitely learning lots and the more we learn the more confident we are when placing trades.

Thank you so much for those of you sharing on the thread of why you got into certain trades, it really helps to see how others work. So thank you Honest Bill and Bloom.

Vamps, all the best with the move to SD. Hopefully it's not gonna be as hot as hell as where you are now

FX Pimp, phhhhheeeewwww, we nearly lost you to the burning burgers...YOU'RE SUPPOSED TO BE HERE FOREVER!!!! REMEMBER????!!!!!

Mr Fx Pimp
I'm still getting used to metaTrader but I've found out why I've been somewhat confused with the charts...
attached is a pic of my pimpmania tpl both cci's 7 and 63 were both gray. I have now switched the 63 line as black. What I'm still not sure of though is I still have 0.00 lines in 2 different spots how can I tell which one is what.

I'm also having problems with the pivot lines you'll notice in the pic. With the pimpologv1.2 though I do not have any issues viewing the ma's and pivots but then Using that tpl I dont have the correct cci's.

Could I please have the templete which you posted the chart in post 525 that way I could also see the distance in pips away from the ma's.

Please forgive me if I've confused anyone with my ignorance with metatrader. I'm learning and getting there.
Atleast now I know why I was getting cross eyed it wasn't from all the beers!!!
Thanks again Fx Pimp,
Matt

Attached Images

pimpmania.tpl.gif (30.3 KB, 481 views)

Moorning all.

Thanks for all your questions. I will get round to answering them this morning.

Well as suggested this time yesterday, Gold and crude did have nowhere to go and were pretty flat for the whole day.
Miss Yen was weak and fell about 75pips, so hope some of you managed to get yourselves some of that.
AUDUSD posted last night has not moved dramitaclly yet. Some 50 or 60 pips in our direction only, but with 0 dreawdown, having gone straight into profit.
With the way Gold is setting up, if we see our Tangerine Dream lower today, whick looks more likely than not, then expect to see Ozzie making a big dent in those previous lows.

It does look like we are gearing-up for some Dollar strength this session with both Cable and Euro set to move lower and Swiss ans Yen set to move higher.
Of course, IF crude bounces off the pivot and decides to head up then this could change rather suddenly, but a break of the pivot would surely see the plan going as expected.

Have a good morning.

I'll be back for the questions.

__________________
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

FXPimp, USDJPY is making a good run at the R1. Think we'll make it? I hope so, i'm in for a good buy right now.

When I refer to an 'established' trend I mean the 252 would have crossed some time ago, but you may have missed it or may have been in and out with a few pips and might want some more.

The 'cross' I refer to is the cross of the 0.0 line.

Nice trading Hannes. Just a word of advice though. When playing the 4hr charts it's advisable to have a bigger stop as a safety measure.
That also means you must have a bigger profit target to justify the bigger stop and to keep you risk to reward ration the same.

What you are doing appears to be bearing some fruits but whilst still on a demo why not try either holding the whole position a while longer or just cutting it in 2 parts. One with your 30 pips and the other with a 30 pip trailing stop once youve closed out the 1st portion. On many occasions with the $ related pairs you can pick up an extra 30, 40, 50 pips.

__________________
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

This is the one problem with the 5m scapling template that many fall fould of. Becoming complacent and never looking at the bigger picture.
I am not insinuating you are neglect the overall picture at all but many do.
I do like the USDJPY pair a bit higher yes, but if you look on the standard Pimpology template you will see the 4hr 50sma staring you in the face.
It might be advisable to do as I do, which is to watch the 15m as well for a slightly bigger overview of the action. You can close down the CCI on the 15m chart as you have everythibng you need on the 5m Madness.

Sounds like you're using Vista.
If so you will need to manually add the FXSniperCCI to each chart.

There is something wrong with your pivot, I can see that. Have you tried deleting it and applying it again.

The 63 CCI 0.0 line is red, the 7 is grey. If you wish to delete the 7 and add it to a separate window then please do so. However for some reason I cannot change the content of the Zip I created with everything in it.

I hope this helps.

I'd just like to say a big THANK YOU to Benihana for sharing certain issues that many of you will surely experience.
Also to Bloom and Honst Bill for their continued hard work, determination and support.
And of course, to the lovely Larry & Scorpion for their undying love and complements.
Last but not least all the new supporters of the thread. Theres an influx of new guys coming on board now and having a good go at what we do. Congratulation to all of you for having stumbled accross such a dedicated team who will continue to help you until you are ready to leave the nest.
Thanks guys.

__________________
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

Plenty of text on here this morning, so lets brighten it up with some charts.

WE did seee a little bit of Dollar strength coming in this morning, and few little breakout plays to go with.
Not massive moves but with Crude and Gold never really taking a tumble it was always going to be short-lived.
Anyone in any of the positions below should serously consider collecting what profit is available.

I highlight the entry points with green horizontal lines for long and red for short.
Like I say, not massive moves but still over 100 pips between the 4.

Will do a 4hr strategy update in a bit.

Attached Images

cheeky.gif (84.2 KB, 391 views)

__________________
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

Just a quick update on the 4hr strategy.

There's 4 ongloing trades to speak about briefly. I will look for some to add to the collection a bit later.

EURCAD & CADCHF are both looking very nice with about 200+ or so pips profit one each. AUDUSD from last night is about 120 up and GBPCHF is pretty much where it started.
Maybe a little bit naiive of me being long and short of Swiss at the same time and so this could be one for the dung-heap.
It's about 20 down but the timing was not so great, admitedly. Apologies for that.
It started well, late Sunday night going 60 on our favour, but has since gone sideways between S1 & Pivot and has now broken the pivot.
I have my stop above the weekly pivot at 2.0390 so this may cost me 60 pips.
I can't get it right every time but hope that those of you who follow the thread and the advices on here have capitalised on the others to warrant not giving a toss about a paltry 60pips if this goes wrong.
With the Euro and Swiss weakness coming in after bad data this morning, the other 3 could very easily move another 100 each.

Quick note on the suggested cutting of positions earlier on the 5m madness. I would never advocate trading a 5m chart through news.
There were some moves in the opposite direction with crude moving up, but since the news the initial direction has resumed.
By all means play the news, but if you want to make consistent 'safe' money, then close your positions 15m before and leave it to Cako and the Brussels Bankers Brigade. You will go skint !

Attached Images

cheeky.gif (93.4 KB, 373 views)

__________________
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

Here's a potentially decent set-up IF the USD strength carries on. USDCAD
I won't be jumping in until we get a decrnt break of the resistance level.

However, with the daily 20ema headed up it's only a matter of time until this mess unravels itself. IF price can stay above the daily 20 and that can get a little nearer to the resistance level, allowing the 4hr 20 and 50 to get back into the correct formation it could well smash through with some seeeeeeeeeerious venom.

In the next pic I will show you why I am not jumping in straight away.

Attached Images

cheeky.gif (35.1 KB, 347 views)

__________________
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