Most welcome, my friend.

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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.

Much appreciate your kind words. I will get the templates up over the weekend. Maybe Suk and I should get together first?? Suk, if you are NOT too busy enjoying Beijing, how can I update the pdf-file please? I know it is your property but we need to come to some sort of understanding what we do in terms of upgrades, please.

Best wishes to all.

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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.

Whoever said China was utterly communist? I just had dinner with a table of Chinese entrepreneurs at a restaurant where each of the 20 or so dishes we ate were between $5 and $100 and each person sat at the table earns in a month what most Westerners dream of earning in a year. I could not resist sharing the following snap with you folks (see below).

In addition, RE Fridays trade, I have to say that the WEEKLY chart played a major role in my getting a decent amount of pips on Friday and going long. I was expecting a higher close as well. My H4 shows a "hammer" candle which to me can be a dead giveaway as to bullish potential on the next candle. M15 was a crucial help, too.

Just wanted to mention that because "everyone and his uncle" seems to be negative on the pound due to UK economy and technicals - especially on bullish days! - that my weekly chart showed a close above a wedge pattern (ie breakout) and holding above that triangle/wedge. Whether downside will prevail next week though, who knows?

Anyways, always good to journal away here on trades. Joe appreciate your comment - I stayed away from reentry - looks like there was a good 20 pips, had I set a TP at 1.9981 though for 100 pips, not nice since high at 1.9977 high.

Enjoy the below pic...

Attached Images

xo-sauce.JPG (21.8 KB, 227 views)

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XO is trancendent apparently ....lol ...how was the food??

Best,

cl

What does the Chinese writing say?

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Ash's Signals

i believe the english translation is below the chinese symbols in the picture...i could be wrong though...

cl

Clahn is correct. The writing is below. It was a wonderful restaurant, highest quality of service, decor, experience and food in the world.

The writing says XO sauce is the Emperor of sauces. It's ingredients are expensive so it is compared to XO whatever that is (ValeoFX' trading system he shared with us it is to me) and it is aromatic and delicious. Hope that helps.

ValeoFX I sent you an email with the link to the latest word document of the pdf. To edit/amend it, simply edit or amend the word document. I don't consider it my property, it is my service to the thread. Clahn is correct. The writing is below. It was a wonderful restaurant, highest quality of service, decor, experience and food in the world.

Unfortunately, I do not have the latest word version with me though, but it is close to being the most updated.

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I noticed a CT on the H8 as I try to put the picture together as to where we're headed. I'm thinking that MAY BE the Southward direction is a false and that the downside may be limited to 1.9850/40 from my short signal on opening charts at 1.9876. It is only a guess. This is because of the RSI2 horizontal trendline and the contracting triangle limits. However the signal is short to me - is that correct? CCI crossed thru, below EMA etc. I realise I'm "up early" and I won't be looking to trade until about 8am GMT as per the rules but I want to keep an open mind about the upside as well as downside, because the CCI and turbo on the H8 are both above -100, so could be a ZLR trade...waiting waiting waiting...

**edit** Just to say I took the short. I will be travelling tonight on the train to the Terracotta Warriors, but I will be trading again tomorrow. ValeoFX if you need to be in touch, please send any instructions/additions to me if you are having trouble adding them to the pdf document.

I attach another pdf document (could not attach - link to vendor is below), which I polished off in a 2 hour sitting, and also traded it today (it signalled the short and has not given an exit signal so far from the short). Indicator also attached from another thread, may be NewDigital can link to the threads about it.

**EDIT** looks like I could not upload it. You can buy it from here though by the looks from the original vendor. I tried to find a free link but to no avail.

Last but not least from me, suk1000k, is that I mentioned a stock trading book from the 60's that I can honestly say contains a life-changing amount of insight in to chart patterns and why they happen in terms of the actions of market participants. I would like to share this book and encourage people to order it. Fantastic primer on technical analysis and easy to apply to forex - you will love it. WILLIAM JILER - How Charts Can Help You In The Stock Market.

Other doc is attached along with indicator. It may be that ValeoFX you have tried and tested this, would be interested in your results with it...

Please excuse me for posting so much on this thread. I am finding it useful to post updates, trades and ideas. I hope others can find them useful and I will try to keep them down to one per day max. V. thrilled by the possibilities here.

Incidentally, I got out of the short at 1.9846 with an overheated CCI5. I did not take the long as I was watching this new hype I found (actually it is quite old I understand) about ICEW (Impulsive Corrective Elliot Wave??) but it looks as though that trade was not a winner as a short, stop out at 1.9877 from entry 1.9865 or so and now signalling long. I did not take the long earlier due to forward testing this "new" idea and travelling, but I wish everyone, Joe, Valeo, Clahn, et al great pips today. God bless and keep you well and in good faith.

Since I could not upload the document about the indicator I posted below it is very simply traded.
1) Indicator goes on M5 chart
2) Put RSI with 50 line on Daily chart. If above 50 confirms long, if below 50 confirms short
3) Entry/exit signalled by a 40 pip "wave" retracing in to the middle zone and then breaking out to either the topside zone or bottom side zone and a complete candle closing having a range only in that zone.
4) Recommends 50 pip hard stop and stop then follows a candle completing in the zone furthest from the direction being traded.
5) Read the book if you want to know about that system.
6) Sorry for going off topic - however I am interested as to whether this has been tested by participants on this thread.

Suk

Attached Images

	h8-ch.gif (34.2 KB, 147 views)
	small-short.gif (34.1 KB, 131 views)

Attached Files

ICWR COLOR.ex4 (8.8 KB, 29 views)

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Thanks Suk for your charts, very instructive !

Here ya :

Period Converter Optimized

Features :

1. Real-time updating or custom interval millisecond level updating.
2. Low CPU cost, average 5%-10% or less.
3. Works as an indicator, so can be saved and reloaded during restart.
4. There is no one converter per chart limitation as it is not script any more, you can only use one window as source to generate as many new timeframe chart
as possible.
5. Auto updating if there is new history block loaded

Period Converter Optimized - MQL4 Code Base

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Picasso is the best !

Hey Suk,

ICWR seems to be a zigzag with fibo on it.

Sorry but i don't like zigzag.

And remember, the valeo method is one of the best out here

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Picasso is the best !