Hello Bigbear....

Can you help me bigbear...how to use news indicator

I just want to know The most 100% using your system..hehehe...smetym people do mistake well because not using your rulz...

You are the great one....

Bye....BIgBear...MEEEOOOOWWWHH.......

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Hey shawonchi269,

Basically, the reason for the news indi is so a trader knows when the news will effect the pair they are using. If the trader would like 2 take the risk of staying in during the news in hopes of it moving in the current position.

Also it is there so the trader can get in after the news for a time, if it is moving in the opposite position of the trend. If it moves with the current trend then the trader can feel safe (relatively) to stay in current position or enter position knowing the news has strengthened (or weakened) the currency pair in question.

To make it simple, its there so you know when the market will be moving most & its up to the trader on what to do with the results of that news.

As for what I do, if i am in a position & i believe the news will push my trade in the right direction & I have already secured some pips, I will stay in & take the risk.

If not I will usually wait until the close of that hour to see what happens.

Take Care & Good Luck,

Bear-

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any short Yen pair?

Thx bear... I did a lot visual backtest for U/J today..

Yet today i found the indicators repaint or Support and Resistance (i knew MA is repaint)

it doesn't matter S&R is repainter indicator (so do ZZ is repaint)...yet I am hard to backtest ... Are there any show repainted S&R indicator?

Hope any big guys could help.....

wanna learn from your skills about reading MA and S&R ...

Since MA and S&R repaint...which criteria will you take in order to take action?

Confirm one hour?
breakout S&R xx pip to confirm?

Hey All,

GBP/USD-Price gapped down at market open but has been choppy.

USD/CAD-After a somewhat choppy Friday, it has continued its strong up trend.

EUR/CHF-Still in a downtrend from Friday. Trend looks good.

GBP/JPY- Been choppy all day. Holding out for a defined trend.

USD/CHF-still short from Friday & getting choppy. If you took this position on Friday I would secure some pips.

EUR/USD-Flatlined & looking like its going to fall. Look for a short soon or wait till news to establish a short trend.

USD/JPY-Still long from May 27th. Has been choppy since Friday. It may be dying out so look to collect if your still in. Its in +200 pip range.

AUD/USD-Short on the 3:00 GMT candle. Looking for a short trend after bad news for AUD with -0.2 retail sales.

EUR/GBP-Gapped up @ market open. Not a trustworthy time to enter this slow moving currency pair. Waiting for a trend to start.

EUR/JPY- Still very choppy. Waiting....

GBP/CHF-Moved down nice on Fridays signal. getting a bit choppy but London open may change that.

EUR/AUD- Ok, Ok I was wrong. It did start a nice uptrend on Friday late. Its still moving up nice with a pretty strong trend.

My current open positions= (See Above Post) Short AUD/USD @ 0.9556. Original Stop @ 0.9565 (-10). New stop @ 0.9542 (+14). Currently up +36 as of this post.

See you 2marrow.

Bear-

hey All,

trade stopped out with +14 after big rally.

See u later.

Bear-

Hey Bear
On the Hour T/F I had a short GBPJPY at 1.00AM GMT around 207.94 currently up about 300 pips.(paper trade only though).Yet you have no mention of this one, your update says choppy waiting for trend, How do you define a trend?
Does that move yesterday define a trend?
Also is there any other gates you use to enter trades like trade only certain times of the day as we all know nobody can stay awake all day/night.

Cheers Swagman

Hey swagman1,

Answers are in your post in green.

Great Trade. Was that using this system?

Bear-