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bobblong replied Nov 28, 2007As long as price is above both you're fine, but naturally because the 50 is faster it will be above the 150 or they will be close together And yes that was meant to read 'below'.. thanks correced now. I will add all the text that is actually in the ...
Trade the fundamental principals of financial markets- at your own risk!
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bobblong replied Nov 28, 2007Chart — Here are the valid entries on this chart. There is a very good reason this method is structured like this, it increases the probabilities of a winning trade many times fold because if you are to enter simply when the 50CCI and the ...
Trade the fundamental principals of financial markets- at your own risk!
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bobblong replied Nov 28, 2007Sorry Mick, I think you have misunderstood the entries, I will post a corrected chart. PS. A nicer CCI is available in the first post as an attachment
Trade the fundamental principals of financial markets- at your own risk!
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bobblong replied Nov 27, 2007Indeed this was a later stage of the pullback, but this should not stop anyone from taking a trade if the conditions are met, they were not met previously during this pullback, so I am pleased that I adhered to my rules.. that warm fuzzy feeling you ...
Trade the fundamental principals of financial markets- at your own risk!
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bobblong replied Nov 27, 2007This works just fine on a 5 minute charts, but the rules are just the same and must be followed very strictly i.e trade on the correct side of the moving averages, be aware of levels in the market and take the best ZLR's when the 50 CCI shows strong ...
Trade the fundamental principals of financial markets- at your own risk!
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bobblong replied Nov 27, 2007In Progress — Yep UPDATE: Stopped out for a breakeven, divergence formed on the 14 CCI.
Trade the fundamental principals of financial markets- at your own risk!
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bobblong replied Nov 27, 2007Best signals generated during late NY session.. but this isnt a hard rule. I am watching the market many many hours every day and take the signals as they come. You do not get 20 signals a day.. you get sometimes 1 sometimes none sometimes 4.. These ...
Trade the fundamental principals of financial markets- at your own risk!
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bobblong replied Nov 27, 2007Stop and Exits — In the last few days we had some very nice trades, these dont happen every day nor should we expect the market to move like this.. expect small but substantial movement but be ready to take more if it is offered. EXITS: Here ...
Trade the fundamental principals of financial markets- at your own risk!
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bobblong replied Nov 27, 2007Breakouts with CCI — When we see this condition on the 50 CCI, you can bet your ass that price will be doing just this.. that is NOTHING.. get ready for a straddle. AUD/JPY examples: image image
Trade the fundamental principals of financial markets- at your own risk!
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bobblong replied Nov 27, 2007Some Discretion — Heres an example of a large gap between the 2 averages, this gap is around 80-90 pips, plenty of breathing room, so once price went through the 50SMA, it then made a sharp pullback but the gap remained wide and a viable trade ...
Trade the fundamental principals of financial markets- at your own risk!
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bobblong replied Nov 27, 2007The Setups — I will start with the prettiest, most ideal setups and then we will move on to more difficult situations in which we have to pay attention to what is going on in the market. We do not trade with a trend that cannot be seen on the ...
Trade the fundamental principals of financial markets- at your own risk!
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bobblong replied Nov 27, 2007The 50 and 14 CCI — At this point, I'm assuming you'd read thoroughly through the link provided about the CCI indicator and have digested it. The 50 CCI zero line infact represents a 34 period EMA, in a very effective way. When price is above ...
Trade the fundamental principals of financial markets- at your own risk!
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Trade the fundamental principals of financial markets- at your own risk!
Started Nov 27, 2007|Trading Systems|109 replies
In this presentation here, I will attempt to explain everything as thoroughly as possible and ...
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bobblong replied Nov 26, 2007Scalper Heaven.. Thank you for your money. You should remove 'opportunist' from your user title.
Daily GBP/JPY analysis
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bobblong replied Nov 26, 2007Nice effort — Umair thanks for sharing.. This system is a recipe for disaster when not used in the right conditions. In essence it looks great with hindsight but if the market you're trading isnt making a large directional move your entries ...
Boogie Man Is Coming To Get Pips...
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bobblong replied Nov 26, 2007The 251 battle for the best fortune teller is not on anymore?
Auslanco - GBP/JPY and GBP/USD (newstrade)
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bobblong replied Nov 21, 2007It's a 4h chart. I bought on the break of the previous candle (Bullish outside bar), which is a single bar pattern, also confirmed by CCI and hailed by the long term trend :>
EURUSD
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bobblong replied Nov 21, 2007
My tidbit of advice is to use patterns only as secondary confirmation for a robust trading signal generated by a trading system. BobSuper Patterns