Seldom that I post here when I am in a trade, but having said that I think you should be happy by now?

Best wishes.

__________________
"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.

Sorry guys, I am either "banned" or there is something wrong but I am unable to reply to your Posts. I am not sure that this Post will be accepted either as I get a message that the Moderator will first decide whether or not I may post.

Will try again later, but I hope this gets sorted out. Please, ND??

__________________
"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.

Hey everyone I thought I'd post this entry off of the EUR/USD. I think there's a few people hanging around here with interest in that pair so here it is.

In the end it ended up working out, but my entry is not by my own rules that I try fairly hard to stick to but things were looking too good to pass up. At the 08:25 candle CCi was looking like we were about to head down, but it had become quite flat and I wanted to see it turn down before I got in. The RSI M30 had just crossed down as well as the WPR a few candles prior.

That WPR with the ma overlay is really growing on me especially when it has a nice clean break through as was visible by the 08:20 candle. Regardless the 15 WPR was confirming a short trade as well as the last indicator the M5 RSI.

In at 08:30 @ 1.3873

Update:

Just took half out at 1.3763 for +110

Just took the rest out at 1.3753 for +120. Im not waiting for a close above the 8MA when I can walk away with 100+ for a few min. work.

Hope everyone has (had) a great day!!

Ace

Attached Images

8.2post.gif (40.7 KB, 182 views)

Nice trade Ace! I also took the same trade. I did take the entry signal one candle before your entry and before it started the big move down. Here was my reasoning for the earlier entry:
1. Price had been bobbing around so direction was hard to pinpoint but at the 7:20 EST candle, price had made a slightly lower low than the previous low at 3:30 AM EST. As well, the price made a lower high at 8:00 AM EST versus the previous high at 5:40 AM EST. This was a confirmation that the direction was short.
2. As you mentioned, the CCIs were in good position for a short.
3. I still look at the previous RSI setup and the 5 minute RSI was short and the 1 Hour RSI was short. The 4 hour RSI was set to cross to short very soon.
4. The last reason was perhaps a little risky but I think it had a reasonably high probability and it was that at 8:30 AM EST, Trichet was speaking and he's generally a market mover. I think there was pretty good odds what he was going to say, inflation pressures are easing and that growth is slowing. Inflation pressures had eased as oil and other commodity prices have sunk and the slowing growth has been talked about in every form of media every day for a while now.

Because of reason #4, I put a tight 10 pip stop on my entry as it was either going to drop like a stone or not, depending upon how the market interprets Trichet's comments.

Just food for thought.

Looking forward to Posts from the other guys as well.

Best wishes.

__________________
"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.

My sentiments precisely, Rig. Also, excellent work on your behalf. I am so fortunate to have such bright guys around. Let us see if we can fine tune this method even more.

I like your reasoning regarding #4 (Trichet); something I have NOT considered and now will pay more attention to.

Looking forward to your contributions.

Best wishes.

__________________
"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.

Only reason for posting this, is to see how long it takes before my Posts are displayed.

Me.

__________________
"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.

OK, it took 34 minutes to load, but ND managed to get it sorted out for now. This anti-spam is necessary, but it should not frustrate us either. Let us just be a little patient until they get this sorted.

Enjoy the day with NFP looming larger than life.

__________________
"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.

Sorry guys, I could not get in earlier this morning, but although late, here is the entry as I took it this morning.

The entry signal (Large Yellow Star) was given @ 06h00..(my chart is GMT), but the CCi-5 was not through the zero-line yet and seeing that we had a substantial long during the Asian session, it was better to wait for confirmation. (See the confirmation in the Magenta Arrow 2 candles after the MAIN Signal??)

The confirmation came @ 06h15 BUT both CCi-5 overheated - that is the CCi-5 on M5 and M15. No trade!!

Now watch as the CCi-15 dives under the ZERO-line of the MTF_CCi-15 (on M15 chart) and the trade was on. I waited for one more candle for further confirmation and entered on the Doji marked with RED hollow Arrow @ 06h40 for a +58 pip trade

Comments please. Any EUR/USD trades this morning?

Best wishes.

Attached Images

this morning's entry.gif (33.7 KB, 156 views)

__________________
"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.

Hi there,

Sorry for this late reply, but as you can see I had problems getting to Post anything yesterday.

There is no such a thing as being an "insider", but the guys that are testing the latest improvements, have been with me for a long time. They "keep me honest" so to speak and if they say no, it is rubbish, then we will not release it. So far so good and I am particularly impressed with what I am Banking!!

So, just bear with us a little while longer and you can have the "approved" Template, etc.

Let me know who you are and your experience in FX via PM, please.

Best wishes.

__________________
"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.