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I've joined the Boiler Room today but it's not so easy for a newbie to enter the discussion. I'm gone to practice and go back.
I'm a little bit confused with the correspondance of the different MA's on the dfferent TF. Is there a table with those correspondance ?
The 7ema on the 15m chart IS the 20ema on the 5m...
I'm reading the page 23...
Many thanks & enjoy your we
Nevermind, I found the answer in the following page
Hey Gringoh,
Welcome to the thread and delighted you have found us..........Can I make a little suggestion. Take a couple of hours and go back to the beginning of this thread - start at page 1 and work forward. Why I suggest this, is that once you have done so, many of the questions you will not doubt have have already been answered. Keep going over the thread; in a short time you will gain a much greater understanding and so be contributing in the boiler room and on this thread.
What I also think you might want to do, is go back over the thread once you have begun to get up your charts. It will help you enoromously. There are no short cuts to the strategy deployed here; you need to really get to know your MA's and the CCI's.
With all that in mind you will be set; and I am sure the questions you will be asking will be more relevant and your understanding of the strategy far greater, and be well on the way to positive pips in the bank.
Thanks a lot for your system this system very power full I have tried since last month and the result very fantastic, averange 300 pip a week, next week i will start with my real mini account. here my chart set up 15M and 4Hr all working with the good performance I always trade for gu and eu currency. today i get 100 pip for eu and 130 pip for gu.
I've been using this FX Sniper CCI which was modified by someone early on in the thread - he did a great job because it is not CPU hungry at all. I just went over the early part of the thread and found the contributor: Omelette, Senior Member, deserves the credit. You'll find his post on page 15, #145. Good Luck.
Thanks, Omelette and all,
Rather than changing all the charts, I closed MT4 and made a copy of "FX Sniper's CCI.mq4" in C:\Program Files\WHC Trader 4\experts\indicators.
I then saved the modified file from this thread as C:\Program Files\WHC Trader 4\experts\indicators\FX Sniper's CCI.mq4 and restarted MT4. It doesn't look as sexy, but it has improved again.
(Now I must forewarn you that I did manage to crash MT4, but I think it was from some other messing around I did). So, roll on Monday....
[18:01:36] FX Pimp says: anyone up for one last short on the black stuff before we wrap it up?
[18:04:54] FX Pimp says: you
[18:04:56] FX Pimp says: know
[18:04:58] FX Pimp says: you
[18:05:00] FX Pimp says: wanna!
[18:44:59] FX Pimp says: i was thinking close short at 100 and go long
Just a snippet, an extract of the text in the boiler room prior to close on Friday evening.
Most had long gone down the pub or to tend to their families, but the die-hards were still there, looking at crude as it broke $101.00 for a quick trade of 100 pips to $100.00 then a double or nothing back up to original entry.
This is just meant to give you all an insight into what goes on in the free room that so many of you have so greatly contributed to.
Keep quiet or make conversation. It's upto you. Have a joke, make new friends and make a few quid to if you like.
One thing I announce is that we are 150 strong now and at full capacity, so entrance is restricted to one out one in.
We will be moving to a posher place in the next couple of weeks with some added features so make sure you join us now and get to grips with the way we operate.
Just click on the above link or add FX Pimp to your skype contacts.
Have a great weekend
__________________ 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
Most had long gone down the pub or to tend to their families, but the die-hards were still there, looking at crude as it broke $101.00 for a quick trade of 100 pips to $100.00 then a double or nothing back up to original entry.
This is just meant to give you all an insight into what goes on in the free room we offer.
Keep quiet or make conversation. It's upto you.
One thin I announce is that we are 150 strong now and at full capacity.
We will be moving to a posher place in the next couple of weeks with some added features so make sure you join us now and get to grips with the way we operate.
Cher Monsieur Pimp,
once again a great call ! I am also looking forward to a new chat room since I often find myself sitting in silence in the room with no messages coming through !
Are we set for a week of Dollar weakness?
Are we set for Gold back in the 800's?
Hmmmmmmmmm. I don't know.
For the first time on Friday I witness Gold moving up to Friday's 765 target, whilst Crude was falling and knocking on 100's door.
Is this the big dis-association?
Lets look at the evidence.
Crude fell 200 pips during Asia and Gold moved up 150 so although it's a little early to say, it's a distinct possibility.
Gold is definately lookinf the stronger of the two and I'd opt for the currencies to be following her.
We have seen a lot of Dollar weakness moving in over Friday/Last night, but I think some pull backs are needed this morning. Euro to 1.4250 and Sterling to 1.7930.
Nothing else doing and personally, I won't be participating, having drank far too much at my neices 1st birthday yesterday.
More to follow
__________________ 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
According to the pimpology template, a signal is emerging on the 15m tf for USDCHF. If we look at the Elliott wave oscillator, we can see a divergence and the crossing of the 0 line by the indicator. This is the signal for an entry in a wave 4. On the breakout downwards we have a nice 5th wave entry for a first target of 1.0972. More than 150 pips!! :-):-) But be careful in case of a double bottom forming at the level of the current low.
Hi Pimp,
Great call on cable - nealry 100 pips made on this trade alone. Hats off to you Master Yoda........
Used my variant strategy for effect on crude and snaffled +35 pips. Honest Bill was gulping the stuff down and managed two lovely trades using the 5m chart cci strategy. Well done Bill........
USD/CHF was good for pips this morning - I took two trades long as it broke the resistance line at 1.1160 and closed for +20 and waited for another go which came with entry at 1.1163 and closed at 1.1189 and closed as it bounced off 5m 200. It was good for more pips as I put up in the boiler room at it broke the 1.1200 area and an easy 30 pips was available. Hopefully, some of the group took the trade.
I did not take them as I had closed for the day with a lovely 192 pips safely stored in the tin before lunch.
Loving the strategy and for those that are on the sidelines, believe, believe, believe......Yummy, yummy, yummy......
Thank you for continuing to share and mentor.......May the force be with you
So, after getting off to a terrible start of -25 pips on my first trade, which was a bad entry, I then took cable short as below. It was good for about +150 pips to the pivot. Now, the trigger was a little early, but it was the break of the 1hr20ma I took. It dropped >10pips as I clicked the sell button. Then my stop loss was too tight. So, I lost another 25 on this one. Only to watch it go all the way down.
Not deterred, I took a similar trade on eurusd later closing 75% for +56 pips. I left the 25% on until Gold bounced off the 4hr20ma closing it for +117 pips. With hindsight this was a perfect exit.
Average on this = +71pips.
That plus a few crude trades left me with +70 before lunch.
What a comeback!!
While, I'm happy with that, just take note, that if I hadn't jumped in on the first loser and had gotten my s/l right. I'd be +270today. SO, STICK THE STRATEGY AND MAINTAIN DISCIPLINE