Hi Suk,

Me too i did well on the cable today : +35 pips

Can i ask you what settings do you use for your diamond, because as you see on the picture i have one more false entry than you :

This pic is on 15 minutes too.

Thanks !

Attached Images

Diamond Suk.jpg (75.9 KB, 201 views)

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Picasso is the best !

I use the default setting, Joe, but it would seem that your false signal was from misreading of H4 - where RSI I believe stayed above on the long side.

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Hi Joe,

"False signal" my foot, my friend. If you want to trade this method, where are the essential CCi-setup below the candles?

..........the CCi-5 was ABOVE the zero-line and the CCi-15 was climbing back up. How could you have mistaken that for a short?

Clearly, you should have waited for the next candle to see what the CCi-5 was going to do?? It dipped below very briefly and not enough volume in the candle for you to want to trade short. (You should have consulted the H1 at this point). Next Diamond appeared 3 candles later and the trade was on.

I am just giving you this information off the M15 chart and I am totally ignoring the H1 and H4-charts for this excercise.

Hope with the new addition things will be better.

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.

Watch this excellent divergence for a LONG @ opening of the 16h00 candle on H1. I marked the divergence for your attention.

Entry price @ 1.9741 and still in the trade if you follow the 8-EMA on M5 - otherwise exited at the close of the H1 candle due to overheating CCi-5 @ 1.9779 (+38 pips).

Best wishes.

Attached Images

h1-divergence.gif (32.1 KB, 174 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.

I give bad words, i do not enter on this one, i just would say that i have not the same signals than SUK.

Probably the brokers with different feeds, etc.

For today :
I take the short on cable this morning all the way down for 60 pips, and take the reverse long on afternoon for 30 pips.

And on the GY i take 2 times 30 pips (damned ranging mode).

Don't worry

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Picasso is the best !

Hi Valeo I Send U My Email And Wait For Diamond And New Tpl

Excellent work, Joe. Exellent. Just keep an eye on your e-mail. The latest "Arrow" has arrived.

Enjoy the weekend.

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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.

I responded to your PM.

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 Valeo For Confusing

I have to admit I got severely caught out yesterday morning, partly because I had been travelling for 26 hours with little or no rest. Unable to establish direction, I foolishly allowed the "old trader" to rear it's ugly head and gave my account a pummeling at the start. Really need to become coachable again...

However, I "ended" the day with my best trade ever, easily recouperating my losses between 10am and 11am with it's so-called "false signals" which I eagerly took like it was my first day trading (oh dear). Salvaged by instinct and news, but I'm really still back to the drawing board with the choppy action and it's affect on my risk.

If ValeoFX you could tell us what was going off in your head yesterday morning and what probably kept you out, or may be that you took the trades the right way, it would alleviate the pain and confusion I experienced around the choppy market. There seemed to be some reasonable signals but the market was playing it's usual tricks and I was not reading it right...

My final, gruelling trade of the day however was in at 1.9781 and out at 1.9900 (net of 115 pips which I believe fellas, is the hottest result of the day here for once). I have to thank God, publicly, for that trade no doubt about it. Thank you, God. This is one of my best ever intraday trades and I am very pleased about it (including thru news), deserves an award, albeit it was dependent on announcement. See below.

Attached Images

m15-119.gif (33.4 KB, 127 views)

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