Hi Minime...

Dan007 created this.

Cheers

Dan007

PS Thanks for sticking up for the strategy..Appreciate it.

Hi FX Pimp

Good luck with this thread.

Dan007

I have looked through many forums and have seen the CCI used before, but not two together. It is a very powerful indicator showing trend and strong entry points.

I have never seen it used with the moving averages you have posted on your charts either.

I think I have seen your thread on FxFisherman.com - is this the same thread? Will you be covering the same analysis. I prefer not to be dazzled with advertising so will stay on this thread if you will post here.

Some more charts would be great showing trades you have done.

Thanks,
Lolly Pip Lady

Hi all

Its dead out there.. I know a few of you like cable and eurusd down..

Yes they are setup well for a down move but GOLD is the referee. He brings the ball to the court. Patience but i can see the potential!!!

Good luck in a dead market. Its teasing...

Dan007

Attached Images

	cable77.gif (54.1 KB, 258 views)
	eurusd77.gif (49.1 KB, 255 views)

Hi all

With Crude breaking up, the GOLD rallied which means no down move on EURUSD...

Shows to be patient and follow these commodities for direction.

They are the ball players for the USD.

Dan007

Attached Images

crude77.gif (47.1 KB, 246 views)

Hi Dan007

As someone new to trading I have a lot to learn.

The forex markets were very choppy this morning, they didn't seem to be moving far before changing direction.

Is this normal? I am only paper trading at the moment but none of my trades worked very well or got stopped out.

Am I missing something?

Please help!!!!!!!

Thanks

difficult trading conditions today, but the good news is with this strategy that Dan has developed, it can keep you out of the high risk trades and preserve your capital. It gives you the confidence to be patient, safe in the knowledge an opportunity will arise using this system and it will be a high probability trade.

Paul

Thank you Kopite

I am pleased I am not the only one to find it difficult today!

I like the look of Dan's strategy but still have to study it further to fully understand it.

Hope you don't mind me asking lots of questions

Thanks for your reply

LPL

Well,

A sneaky 63 pips out of cable was my only play of today.
Missed the EURJPY which was a bit unfortunate. No change it rates in Switzerland wasn't taken very well which gave some much needed oompf to USDCHF, which in turn saw EURUSD fall which - with USDJPY still looking offerred - gave a nice little 60 or so pip move south for the EURJPY.

I am a bit mad with the whole correlation thing. I know it keeps me out of a lot of trades but it keeps me out of far more bad ones.

If anyone is thinking 'over-analysis-paralysis', please let me know and I'll keep it to myself in future

Have a great day.

__________________
We have just set-up a new free chat called FXMonkeyChat, where we trade this strategy together each day. Come join the party.Email me thefxpimp@hotmail.com with a preferred username and I will set it up for you.

Good morning all

As you are all aware the market conditions are very challenging at the moment and the lack of direction is causing us to be very hesitant. Every trade is high risk and unclear on direction.

All MA’s are flat and the one day we see USD strength and then the next USD weakness.

I am still waiting for GOLD to break on daily chart… This will show me true direction for the USD and then i can get back into the market. Very important not to react to one candle..Too many were saying its up and then down each 5 minutes. Best to look at the bigger picture and quite clearly it hasnt broken support or resistance… Don’t get dragged into playing if you dont want to…

We had a rumour this am that GBP Retail sales was better than expected and this turned out to be true and a few made 50-60 pips in cable which is great to see… Its high risk palcing before news but sometimes it is viable to place with tight stops…Its how you approach risk and reward that makes you a success.

The CHF got hammered today and EURUSD fell off..Where now i ask??? Stuck in a range to be honest for the EUR…You all know i like it lower and USD strength to come back into play but maybe not this quater…Patience is key…

Many of the Indices traders made money on the retracements in the FTSE… The DAx was played on the downside for 30 pips… Well doen to those.. I still like the Indices a lot lower… I am a bear and a big one!!!Its all about timing…

Ok keep it tight… Watch Crude and Gold for direction…

Dan007

Attached Images

	gold222.gif (52.1 KB, 191 views)
	cable222.gif (44.4 KB, 192 views)
	gbpchf222.gif (45.4 KB, 186 views)
	usdchf222.gif (50.2 KB, 187 views)
	dax222.gif (45.5 KB, 188 views)