Aha.. i get it now. Sorry for being ignorant. And thanks for your reply, cako!

Ok to quote myself! I see crude and gold both heading down now so definetly wouldn't want to be shorting the dollar...

Gold looks fun to trade!

Ok this was the one to take - please excuse my rambling still getting my head around all this.

Attached Images

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Yes Cindy.

Not a prefect set up because of the straight break with mo 7CCI retracement, but a very nice little trade. Well done.

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Hi cako!

Nice one for setting up the room, i was in the process of doing the same thing but you beat me to it!

What times will you be open for business??

cheers

rocwell

eurusd and audusd performed beautifully.

Well, why don't we trade then little bit at 7-11h UK time, and then again maybe 13-16H UK - just to catch Europe and USA? What do you think?

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I hold because the MM i have in place lets me do that while I go on with other trades - AND, I even hedge, the idea is not to give anything away to the market or broker. Not that I always succeed at accomplishing that, but it reduces overall losses and keeps me happy By no stop loss I do not mean sitting back and praying for price to come back to me. It means manage lot sizes so that a 1000 pip loss is under 5% of my equity permitting me to go on with business as usual

There! I am sure I sounded very knowledgeable and wise! (tee hee)

Well I can't really do 7am until 10am until next week, but am ok for 10-12, then the afternoon shift.

I will pop in tomorrow at 10 UK time then from next week at the time you mention. How's that?

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Good morning and Welcome to all new readers. It's great to be buildong such a good little team already.

Looks like we're going to smash 5000 visitors to the thread in the first week whic is fanstastic, so please keep voting and reting the thread and lets build it into the biggest the best and the most profitable free resource thread on the planet.
I can only input so many of my ideas. I need feedback, both negative and positive in order to strive to make it better.
Besides, it not me on one side and you guys on the other. It's all about US. We're all in this jungle together, let's make the most of it !!

OK, so onto business.

Yesterday saw both Crude and Gold fall even further into deep water. I can't quote the prices for the dark stuff as I have Brent displayed, but it was somewhere in the region of 500 points to take the tally to almost 2500.
Gold also fell $20, unsurprisingly.
Yoday could be a very big day indeed. We have our WEEKLY 20 moving average coming up.
Those of you with the template will need to look at the 4hr chart for that, but thats where the price is and would think that a pullback might be in order.
Sure it could go straight through it and it's certainly not set-up for a massive recovery mission so we'll have to wait and see. Well worth keeping your eye on that level which I'm sure is about the $124 level.
I'll be waiting for that to make a move before making any decsions but I'll be watching it like a hawk.
Our Golden lady is losing her shine and that little run to the north-side was very short-lived yesterday afternoon. A possible 70-80 pips available and I know Bob got it, so Well done to you, Sir.

These Currencies are beginning to wind me up a bit, and I must admit I am struggling to see anything but an overbought USDJPY & USDCHF and an oversold EURUSD.
OK So my 4hr CCI's are not overbought/oversold but look at the distance between the 60m 20 & 50, look at the huge gaps between the 4hr 20 and 50.
I will not be taking continuation trades under no circumstances on those 3

The runt of the pack, cable was outstandingly resilient yesterday and I quite like himback up to 2.0050 on the back of some Dollar WEAKNESS.
Yes, that's what I am gunning for this A.M session.

Will be looking to short USDCHF and/or USDJPY IF Gold begins to move north with Crude AND the fall below their pivot points.
I will be look for a long position on EURUSD if the Gold and Crude move up and it moves above it's pivot point.

Against the trend but that's what I will be looking out for. No crossing of the Pivots, NO Trades. No Crude and Gold recovery, No Trades.


Enjoy your morning.

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Remember, you only need 25 pips a day from this simple strategy to make a Serious income