I got the UP I got the UP

Monstruous pips again

WPR + CCI = AWESOME

At first, i was totally against MTF , because of repainting, BUT if we wait the close of the 30 minutes bar, there is no problem, ((2 bars) M15 to M30 )

You know Valeo, for the gbpjpy, i just put the same template as for the gbpusd.

All in 15 minutes.

My friend, time to buy another screen

Edit : Ok for the stop, on the 15 Ma. (Thanks)

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	new 2.jpg (150.4 KB, 247 views)

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Picasso is the best !

Just a monthly chart of gbpjpy.

Just to remind the bigger picture.

Doesn't seems to beautifull


Edit : note the rebound on the trendline, not the indicator (just heiken ashi)

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weekly.jpg (99.0 KB, 248 views)

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Picasso is the best !

I just wanted to post a trade I took this morning as it was a little bit different. The difference was that I traded when the CCI5 overheated which as Valeo pointed out, is usually not a good decision. And don't get me wrong, I trade using the CCI and I agree that it's generally a bad idea to trade when the CCI overheats. So in order to trade when the CCI5 overheated, I looked for confirmations before entering the trade and I had 2 of them.
1. There was a pivot point right above the close of the candle where the CCI5 overheated. The price immediately broke that pivot in the next candle and this was a confirmation that the trade was simply going to continue.
2. I drew an elipse around four candles where the price topped out which makes it a good resistance point, so I waited for that price to be broken as well as confirmation.

I also listen closely to the news and at 9:00 AM EST, the US Fed announced they were going to purchase US commercial paper. This caused the yields on the commercial paper to fall and in the short-term, this has a similar affect to an interest rate cut and this could be considered another confirmation but not a technical one.

For the exit, there were a couple signals for exit:
1. The CCI5 overheats again.
2. Again the price topped out for 4 candles around the same price.

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valeo eurusd-2008-10-07.gif (29.8 KB, 244 views)

Hi , Valeo, I got 100 pips today ! Please see the following picture of my two entries !

for the first entry, I entered @ 1.7516 for long, and out @ 1.7578 for 62 pips !

for the second, I entered @ 1.7454 for long, and out @ 1.7559 for 105 pips !

I do not wait for the EMA-8 ! for me, 105 pips is very good !

your system are so good ! thanks again !

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Thank you for posting this chart. Question:.......are you saying that it has reached its bottom and that one could consider a turnaround ?

I found a very interesting article on Crosses of which I will send you by PM, the link. I think there is homework for us.

Hope you "creamed" it again this morning.

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.

Again, my heartiest congratulations on a well executed trade Rig. Excellent reasoning.

I feel that once the Pivot was taken out as you highlited in the elipse, the entry is legitimate before the cross of the Pivot where you took the trade.

Secondly, if you keep an eye on what time that candle was, then I find that unless it is the closing candle for the 15-M, one can usually trade the overheating CCi-5. In your case you entered on the close of the first 5M-candle and there were 2 more left before the M-15 closed. Look at what happened when the 3rd candle closed (check the M-15 CCi-5 to see whether it overheated, plse)

Keep up the good work and please post - there are more people learning from us than meets the eye it seems.

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.

What can I say?? Very well done Yevell, you and Rig are brilliant stars!!
Yes, I have always said that you do NOT need just the 8-EMA to exit any trade. One should be aware of other factors, which you are acutely aware of. Well done and please keep on Posting. We all learn from each other.

I notice you still stay with the CCi-setup for the M5 and not M15. Entries were outstanding using the current set-up.

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.

Thought I might share this CCi-entry with you.

On my GMT-chart on the 09h20 candle, the MTF_CCi had broken through the zero-line and the Williams signalled as well as the M30-RSi. Perfect entry in a market that is still short. Also the SIGNAL are there.

Check each and every signal short for the last 3 Signals and see for yourself why this was the correct entry.

CCi-5 overheated immediately and you could have closed the trade for +70 pips, but I chose to stay in due to what happened in the markets this morning. (The BoE funded their Banks, hence the Long run which was broadcasted by Mr. Darling's Dept., that there will be funding at 09h00 this morning.)

The Aqua and Red Arrows are from FXBS and I am testing them to warn me when the CCi-5 and 15 crosses the zeroline on the MTF_CCi-M15. It may seem "messy", but it makes for entries like this one.

We need to have these announcements given a prominent place on our Forum. Maybe NewDigital could look at that for us as if he is not overloaded with work.

Best wishes.

Attached Images

cci-entry m5.gif (36.7 KB, 215 views)

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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.

No i'm not saying it finds its bottom.

With CRISIS we absolutely can't say. I just posted for the beauty of it.

To tell all Valeo, i never watch the long term figure, for me each day is a new day, and i don't whatch the past, but look our signals at the present time.

Yes this morning was great, hope you too, i will post the chart this evening, going to lunch.

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Picasso is the best !

hi guys where i can find the last template and the indicators?
thx