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  #31 (permalink)  
Old 06-30-2008, 07:40 AM
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Quote:
Originally Posted by Dan007 View Post
Hi all

Trust everyone is well...

My philosophy in trading is TO keep it simple and stick to your trading plan...

I use a 200ma & 50ma simple and a 20ma exponential...The 21CCi and 10CCI are key as well for trends...

I work off a Daily, 60min and 15min charts for specific entry points.

The 1st point is to always remember where you are compared to to your 200ma. This is critical and the greater the distance you are away from the 200ma the greater the chance of an aggressive pullback to the 200ma.

There are 3 stages in a move...

1) The drive away from the 200ma..Use the 20 and 50ma as a support or resistance.

2) The pullback and break of 20ma and 50ma..This is what we call the Box strategy when the candles are boxed between the 200ma and the 50ma... Be careful here as u never truely know the exact support and resistance levels... However the 50% retracement rule is key here and calculate this before every trade... Look at the GBPJPY chart below... The 1st higher low before the break of the 20ma was key and then the break of the 50ma for a 50% move, then a retacement for a 123 setup and a bounce off the 50ma for a pullback to the 200ma....

3) At the point of return to the 200ma is key..This is the resting point and you need to wait for a clear move for the direction... The 21CCI is key here and on every time frame the 21 CCI shows me the trend...

Recently with the markets being so bad i have had to move onto the 15min on the currencies for entry points so i can grab at least 25 points on each trade on the london open...

I have specialised on this for ages and it definitely works...

I focus on pairings of CHF's , GBP, EUR's and then JPY's and when these pairs move together i then look for the best setup and then trade the 2,3 or 4 pairs and this tends to bank me quite a bit each am from 6.30 am to 10am...

There is a little bit more to it and i will cover it later but that is the idea...

Thats a start for now...

Will post each day around midday...

Good luck
Dan007
hi dan
i am newbie in this thread, nice chart, could u post your indicator n template, i like to learn more about ur system, thank u
regards
awan22
Last edited by awan22; 06-30-2008 at 10:51 AM.
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  #32 (permalink)  
Old 06-30-2008, 11:21 AM
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Good morning all

Quietish day but good direction in GOLD which showed the way for the EURUSD and USDCHF 1st thing this morning. Many making 20 plus pips...

Paul alerted us to the DAX break and the indices traders picked up pips there as well...Well done

The JPY’s moved far too early for an exact low risk entry point but overall a good day for those who traded..

However CABLE (30 PIPS) and EURUSD (30+ pips) have been the big movers in the last 30 mins..

Controlled trading today which is good to see and should pick up 100+ today. Keep up the good work.

I would like to officially welcome Hemal onto the MBC and we look forward to hearing his views each morning.

Have a good afternoon.

Dan007
Attached Images
File Type: gif cable699.gif (46.2 KB, 234 views)
File Type: gif dax699.gif (49.8 KB, 238 views)
File Type: gif eurusd699.gif (46.7 KB, 235 views)
File Type: gif gold67.gif (46.2 KB, 231 views)
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  #33 (permalink)  
Old 06-30-2008, 12:34 PM
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hi
Hi Dan, could you explain how to use your system based on those pics ?

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  #34 (permalink)  
Old 07-01-2008, 10:53 AM
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Good morning all

Well no surprise, Crude and Gold remain bid today and USD weakens further…The Indices remain exceptionally weak and their trends continue down.

There are many opportunities out there and make sure you are patient and wait for the correct setups on the CCI’s before jumping in. A very positive room today and many making 30 + pips and some novices making over 100 pips which is fantastic to see. Well done to you all…

The Indices started to move very early today with a few entering at 11,350. Thats over 100 pips lower…

The DAX fell and many entered at 6,450..We are now trading at 6,350… Remember to use the CCI’s to keep u in the trades.

The FTSE was called a short at 5,600 and again we are trading at 5,500 now… Where next i ask!!! 5,000???

The Crude was a fantsic call today with many making over 50 + pips here from 141.10…Its easy looking back but what a bid market… Now trading at 142.50.

Hemal called GOLD brilliantly today and waited for the confirmation of a 123 trade…926.50 as an entry and an exit at 930.00..Excellent trade.

Cable got away from us this am and we were waiting for a 123 long play.. This never materialised but when the currency moved over 110 pips to the 2.000 figure, a cheeky short was taken by Cako and Hungry Horse for 30 - 50 pips back down..Well traded guys…

Other than that, USDJPY and EURJPY went out the blocks vvv early and a few held the positions in the am for small pips..

Overall a great day and to see novices make 100+ pips today has given me a huge boost. This is what it is all about and i am so happy for u all.

Excellent work.

See you tomorrow.

Dan007
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File Type: gif dow54.gif (47.7 KB, 200 views)
File Type: gif dax54.gif (51.1 KB, 197 views)
File Type: gif ftse54.gif (51.7 KB, 194 views)
File Type: gif crude54.gif (47.0 KB, 193 views)
File Type: gif gold54.gif (47.3 KB, 198 views)
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  #35 (permalink)  
Old 07-06-2008, 11:16 PM
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Originally Posted by prasxz View Post
Hi Dan, could you explain how to use your system based on those pics ?

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They are talking with each others making circle i think. Really nice analysis but if you could answer interrogation about "your" system it could also be nice. Could.

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  #36 (permalink)  
Old 07-10-2008, 12:37 PM
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Can someone pls explain what is happening here. How do one use these indicators? Where are they and the templates...Great analysis though.
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  #37 (permalink)  
Old 07-23-2008, 04:12 AM
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Hi Traders

I have been using this system with the excellent guidance of Dan and the Pimp for a while now. It is by far the best strategy i have ever used and trust me a have experimented with a few.. It is something that most new traders have to do. All trading systems can work depending on the trader but you have to be comfortable with the system you are using so you have the confidents to trade it. Well this works for me and i think my search is over...

For all the traders looking for indicators and explanation go to the forum on here called pimpology. The FX Pimp has explained the system in detail..

Good luck Pipping everyone...

Jeremy
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  #38 (permalink)  
Old 07-23-2008, 04:18 AM
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Usdjpy
Hi Traders

Here is a trade from yesterday.

A quick 20 pips on the UJ.
After finally getting some direction, I waited for retracement to the pivot where the UJ found support. 63CCI up and 10CCI giving conformation as it crossed back up through zero. Target was R1... 20 pips.

The Pimp Shorted Gold around the same time with USD strength across the board. He bagged about 120 i think..

Jeremy
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