Thread: XO_Method REVISED

Instead of MAs I added the FXGuage which shows MAs and Fibonacci across 4 timeframes. It's not a perfect indicator but may be worth a look. It showed "clear roads ahead" which also got me in...

Again, I want to point out the formation of two consequetively higher bases with a breakout above resistance. You can see my trade below (green dotted), a little later than you most likely but for me I could not find enough momentum to buy back to the MA in the centre...

I think that rising volume as a clue is worth checking out - what do you think, Valeo?



(exit)

ValeoFX, I have put the weekly, 8 hourly, 4 hourly, 1 hourly and finally the 5 minute chart in to a pdf document including the illustrations for members of this forum who are following this thread to save time. I have yet to study further the 5 minute chart. Currently still managing trades.

Rgdz
suk1000k

Here is the trade I am managing ---again the decreasing volume on sell candles along with the FXGauge info PLUS the higher base that I mentioned helped me with this one.Also, I'm "long" from research.

In addition, the "Turbo CCI" had a "wander" to the south without taking the CCI. I entered on the turn of the Turbo CCI back towards CCI. This is not a Woodies pattern I think...but it is useful and I've used it several times...

Flat momentum plus a successful day so far meant I could set an extremely tight stop (8 pips)...based on the fact I'm trading the support that shows on the FXGauge...



Current state of play (I'm OUT on CCI overheat -it's actually a divergence also plus a hook from extremes) and stochastic and great satisfaction with the days trading) --- but watching the volume carefully...



I'm not going to keep doing this, just want to verify that "it" - ValeoFX system - works and may be worth looking in to suggestion (RE volume) and I'm sure that the new setup is going to work even better.

Originally Posted by ValeoFX

, No I am a full-time forex-trader, but my wife is an Ophthalmological consultant for a Pharmaceutical company and has to attend these Congresses. They are a wonderful group of people, I may like to add.

Ahh ok. I was thinking you're a trader and an Optom combined, like "wooah, where does he get the time!"

ValeoFX, in my post number 363 I was very proud of my exit and the CCI divergence I thought I had spotted. The markets gone another 40 points. I now feel flawed in my exit there. I don't know if you took this trade, certainly "long" was screaming at me from start of day, but I missed the continuation of the uptrend on this one thinking the CCI had overheated (though only to 250) and divergence on CCI meant a reversal.

I am happy with my reentry in to long as it was right at start of move and very well spotted/risk/reward.

Will examine settings also, as I have it on 14,6 needs changing to 15/5

Originally Posted by suk1000k

ValeoFX, in my post number 363 I was very proud of my exit and the CCI divergence I thought I had spotted. The markets gone another 40 points. I now feel flawed in my exit there. I don't know if you took this trade, certainly "long" was screaming at me from start of day, but I missed the continuation of the uptrend on this one thinking the CCI had overheated (though only to 250) and divergence on CCI meant a reversal.

I am happy with my reentry in to long as it was right at start of move and very well spotted/risk/reward.

Will examine settings also, as I have it on 14,6 needs changing to 15/5

NEVER GREEDY

Thanks Valeo !

It's impressive stuff !

Granted it's been a great day, Joe, for trading. and I've had either breakthroughs or a lot of luck. I'm not so confident as I have sounded since the premature exit. Currently reading the 5M sheet.
Here it is again.

Originally Posted by suk1000k

ValeoFX, I have put the weekly, 8 hourly, 4 hourly, 1 hourly and finally the 5 minute chart in to a pdf document including the illustrations for members of this forum who are following this thread to save time. I have yet to study further the 5 minute chart. Currently still managing trades.

Rgdz
suk1000k

You are not just a star, but a Quality Star at that!!!!!!!!!!! Much appreciate what you are doing here for us.

Best wishes.

Originally Posted by suk1000k

Granted it's been a great day, Joe, for trading. and I've had either breakthroughs or a lot of luck. I'm not so confident as I have sounded since the premature exit. Currently reading the 5M sheet.
Here it is again.

Yeah this is great day.

And this morning, i said to myself :dah that's gonna be a sad london session !