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try reading from around page 30 onwards. Starts off with weekly chart. I will be updating Valeo's work via the latest pdf document possibly today.
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Dreamers Never Sleep, Neither Does FX --- http://www.starfxcapital.com Last edited by suk1000k; 06-13-2008 at 06:13 AM. |
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Rules and Indis
Okay so going over all the posts it seems that the rules and indis for the latest more discretionary XO version is on page 32.
The more rules based one has indis on page 24 but the rules are on the first page and then modified on that page 24. |
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Follow thread from here.
XO_Method REVISED There is a pdf update every so often where I've put ValeoFX's posts in to a pdf doc.
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Dreamers Never Sleep, Neither Does FX --- http://www.starfxcapital.com |
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Direction??
The overall direction is down, with 1.9333 in sight on my chart. But whether we are going to have a correction such as on 11th June I really do not know at this time...any thoughts anyone else? It's worth noting on 11th of June there was a big downside spike before the correction I think, also...having said that, the H8 is turning up on RSI's and the below trendline on M30 (and others) below remains intact right now...in addition, my weekly chart shows a triangle in purple where candles have closed above the bottom part. I won't be going long in too much of hurry, but whether short has further distance in it, today I'm feeling much less certain than last few days...anybody trading this system?
Update, I just took my short at 1.9462 out at 50 await retrace. Update: 8.11a.m (UK time) out 1.9450-37: That's it think I'm done for the week (I think). Have a good weekend everyone. Nice to finish work at 8a.m. and know that never have to work for anyone elses dreams again, ever,but also to want others to attain that, too. Thanks ValeoFX and the behind the scenes "crew" of Russians, Europeans etc. God bless. Thompson/Reuters: 06:41 GBP/USD: Eyeing 1.9449 Asian Session Base, US CPI In Focus London, June 13. Cable is currently eyeing the base of today"s 1.9449-1.9489 Asian session range, against a big-picture backdrop of loss consolidation from Wednesday"s high of 1.9669. Middle Eastern buying of the dollar helped to deflate GBP/USD from today"s 1.9489 Asian session high. 1.9433 was yesterday"s four-week low, plumbed after the disclosure of May"s double-the-forecast 1.0% rise in US retail sales. Bids were previously tipped at 1.9430. Offers are touted at 1.9500.RBS has agreed to sell its Angel Trains Group to a consortium led by Australia"s Babcock & Brown. Angel Trains has an enterprise value of GBP 3.6bn (Reuters). Today"s key event risk is the 12:30GMT disclosure of US inflation data for May. Headline CPI is forecast +0.5% m/m. Core CPI is forecast +0.2% m/m. 75% of economists surveyed by the WSJ think the Fed is showing enough concern about inflation--up from 60% in May. Nearly two-thirds of survey respondents believe the Fed is showing the right amount of concern about the value of the USD. Ben Bernanke has a 60% chance of being reappointed for another four-year term as Fed chairman in 2010 if Barack Obama wins the US Presidential election, and a 73% chance of being reappointed if John McCain becomes US President, according to survey respondents.
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Dreamers Never Sleep, Neither Does FX --- http://www.starfxcapital.com Last edited by suk1000k; 06-13-2008 at 02:16 PM. |
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How I have come to love this Thread.............
Guys, you are an absolute God sent!! Thank you ever so much for making this Thread worthwhile.
Suk, your entry was very good - my entry was @ 08h30 @ 1.9463 (but I want to explain my entry a little later in more detail, as I have come across another adjunct that help us to understand the H1-candle better) I do NOT trade the M30 - far too many false signals from bitter experience and hard to forget, I am sorry to say. ![]() Back to my exit >> I closed @ 09h00 with an overheating situation I wish to discuss later. (+26 pips) Had you stayed in an followed the 8-EMA rule, you could have banked +30 with ease as there is divergence on the M5 RSi-setup for the close @ 09h35 candle's close @ ア34 First and foremost I need to warn you that my M5 and M15 charts (M15 being the adjunct) will show an "adjusted" RSi-H1 and H4. The reason being the "Diamonds" that you will notice immediately thanks to my friend Gerhard's dogged determination and the steadfast unwillingness of some members who refused to help us sort it out. It necessitated an adjustment to the H1 and H4 inside its code (not effecting the actual indicator itself, BUT it now drives the "Diamonds" correctly) Nevertheless, this is what I have been praying for by the looks of it and I will report back regularly until such time that we will release it to you selectively. Best wishes and remember, it is Triple Witching Friday today ONE hour before NY close.
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"Risk comes from not knowing what you are doing" The Tao of Warren Buffett. "Avoiding mistakes, makes people STUPID and having to be RIGHT, makes you OBSOLETE." Robert Kiyosaki. |
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My entry this morning...........more detail
First of all I warned this morning that my RSi-setups changed due to programming; so please do NOT shoot me for placing these screen-prints!! I am placing the M5 first followed by M15; the M15 without commentary.
Signal @ 08h15 on M5 overheated (see that Red "Diamond" shown by the Aqua triangle??) and we expect a retrace which happened 2 candles later, BUT what was of more interest to me is the fact that the M15-CCi-5 was also overheating and that was another 10m to closing!! So when the M15-candle closed, it had a long spike and the RSIs were good for a further short as well as the CCi. Also, the price stayed underneath the 8-EMA on M15 and that is when I entered @ 1.9463 for +26 pips. CCi-5 overheated together with RSi-2 on M15 and I just closed tha trade on the close of that candle. Any comments are most welcome so that everyone can learn from difficult entries. Best wishes.
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"Risk comes from not knowing what you are doing" The Tao of Warren Buffett. "Avoiding mistakes, makes people STUPID and having to be RIGHT, makes you OBSOLETE." Robert Kiyosaki. |
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M15 this morning............
If there is a need for me to discuss the M15 set-up I will do so quite happily, but for now I assume that you guys are all OK with setting up your own Template??
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"Risk comes from not knowing what you are doing" The Tao of Warren Buffett. "Avoiding mistakes, makes people STUPID and having to be RIGHT, makes you OBSOLETE." Robert Kiyosaki. |
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Hi ValeoFX,
I'm very glad you have added the M15 chart, I was only thinking of this yesterday. It makes a terrific amount of sense to do so. My contribution to this thread is below in the form of the "concise [New] XO Method thread" document updated to include all the trade examples and explanations I could find... There is no doubt ValeoFX has made a huge amount of effort to get this work out here. Please be grateful and use your head and read the thread. To continuously post trade examples over the course of now almost 50 pages of pdf doc below is really something that makes me proud to have associated myself here... ****could not attach due to file size so please see next post. To traders: Enjoy! Suk.
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Dreamers Never Sleep, Neither Does FX --- http://www.starfxcapital.com Last edited by suk1000k; 06-15-2008 at 02:13 PM. |
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