$index watching SR carefully — image

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$index correlation — Because the $index is calculated from forex quotes, it will move at the same time. Could be slightly later but the time difference would be negligible. It's stalling points are dependent on how those six currencies with ...

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$index calculation — The best way to understand is to know how it's calculated: image

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windows update — In New Zealand, internet bandwidth is quite expensive. The largest contributor for me is 7 pcs that need to regularly get windows updates. It's even worse as I run vmware virtual machines as well. I could have as many as 15 ...

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Network Layout (for the geeks among you!) — Here's the layout of what I set up in case any of you have the desire to protect your systems in a similar way ... image

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$index ... take another look — Take another look at my last $index post ... note the 80.00 round number ie how strong the SR is

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Diversion: Setting up Office Software — Didn't place any trades last session. I was upgrading my router, firewall, proxy and content filtering systems. For anyone interested ... I run an old server I picked up 2nd hand. It has 2 x 30GB hard ...

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SR on $index — I find the dollar index very useful ... as it has quite easily identified support and resistance ... typically at the roundish numbers of the chart I watch. I particularly like the H1 eg image

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$index correlation — if the $index is rising then currencies like GBPUSD and EURUSD will generally be falling and USDJPY rising. This is because the $index is made from all these currencies. Search google for the fomula and it will be clear.

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24 pips up then 7 pips down — It's been quite rare for me to have losing trades lately so thought I would post this. As you can see, I was 24 pips in profit (my daily target) but I decided to leave it on the table with NFP being announced ...

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$index is at SR — Good SR band for $index image

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Further trades today — Today is very choppy. I think I did well to get 1.5% out of the market when I did. Next news is in 1 hour ... my bed time. I'm going to call it a day.

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GU +15 pips — Very slow grind ... entered a trade on GU. Entry based on pull-back to sma's and then break of trend-line. Confirmed by $index falling. Exit based on $index hitting round number that was also previous SR line. News about to hit ...

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Maybe EU,GU and GJ all have very small ranges during asian session. EJ maybe has support at 110?

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Outlook today — As we get closer to NFP announcement charts are getting more difficult to analyze. I don't see anything worth trading yet.

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GU +30 pips — Following the set up I mentioned I bagged 30 pips (long GU). Long wait for me ... pleased I managed the trade before bed ... it's 10:40 pm here image image image image

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Watch $index as a help — url image

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GU Up? — Watching for a possible break of 1.56 to get a long position based on where price is compared to MA's. Ozzy news out shortly tho ... so watching carefully. What do you recon Jean? I see you are online. image

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EJ Fractal Formation — I was expecting a fractal and we got it but difficult to trade. image

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GU Update — The result of this was particularly good ... image On M15 we can see that H1 SMA is now a rest area. image

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