It could very well bust up.....but yesterday High is just abive the 10 d ATR (1.23736) so I took my profits and happily returned to the sidelines

Discovering An Edge

an hourly close in GA above today's high will have me long and looking for a test of 2.05 which is just below 10 d ATR. the high of the day also happens to be the London open.

Discovering An Edge

I just took profits on both GC and UC ..... GC on high of day test and Ucad on 10 D ATR. Great minds......lol

Discovering An Edge

I agree 100%....the only riskless trade is a pure arb. It is the unnecessary risks, we as traders at times choose to take on, that usually end up biting us in the ass.

Discovering An Edge

Blame Greece...Blame creditors???? Why trade things EUR related, like DAX on a day like today when you have absolutely no idea the outcome of the meetings? #1 rule is protect capital. Unless you are only taking quick scalps, the lack of clarity ...

Discovering An Edge

I would be hesitant to short JPY rest of the day....reason being monetary policy minutes due early Asia. The hawkish rhetoric and Eco numbers beating expectations leads me to think some profit taking should occur (already started). IF things play ...

Discovering An Edge

The stochastic bottoming out is a good indication to get out, or at least take a partial and move your SL. Greed kills.

More simple is impossible

well done

Discovering An Edge

my thoughts on Yen crosses right now is that they likely stay range bound until Greek crisis is resolved. in addition, keep an eye on the upward trend of their economic numbers and chatter about stimulus plateau and even possibly lessening the ...

Discovering An Edge

I don't understand playing that pair. They are the two strongest in a 1 hour basis, and the AUD is the strongest upslope on a 4 hour basis. Good luck, I hope it works out for you. EDIT: I see your trade is based on the weekly....ignore my post

Discovering An Edge

Thank you my friend. My little man is almost two! Time flies.....I wish you all the best with the trades.

Discovering An Edge

many green pips to you! Good luck with the thread and your trading.

Discovering An Edge

USDSGD long is a good example of what I am trying to do. Sorry I can not annotate the charts right now as I have other trades open on my 1 hour. Anyway.... 1)yesterday was a nice extension of the trend after a two day pullback. It also closed over ...

Daily green/red candle

I use a CSM for my trades with this system and my 60 min. system. The intersting thing I have noticed today, is that if I have a pending order that does not get filled on this daily system, I am very likely to get a trade in the other direction on ...

Daily green/red candle

image EU...pullback in a down trend. at signal candle, Gadi OBV is pointing down, Currency DIFF is rolling over. This is not yet an ideal "perfect" setup for me as I would like the USD (light green) to be above zero and moving away from the EUR ...

Daily green/red candle

there were 15 signals from 28 pairs today. i have placed 7 trades, but will cancel some NZD pending as they fill so as not to be over exposed. Have a 5 % short on EU. I have also placed a buy on USD/SGD. I took a look at a bunch of charts over the ...

Daily green/red candle

I will hope to make this clear tomorrow when I get some pending orders as per your system and my filters. I have no orders today. Good trading to all here, I will see you tomorrow when the daily bars close.

Daily green/red candle

I will show over the course of the week that I am trying to answer all of those questions that u state. This strength meter shows me which pairs to focus on. The angles are what is important. When moving at same angles....they are currently ...

Daily green/red candle

the only one of today's signals that I considered setting was the GA short signal. It is coming off a 2X top at weekly Resistance. However, with AUD rate meeting tomorrow, strength meter is dead flat, i don't see an edge.

Daily green/red candle

Everything is exactly the same as far as entry, exit, SL....everything. I am only filtering the signals by using relative currency strength within the pair, and volume. as I have no pending orders today, I will show any setups I do have tomorrow.

Daily green/red candle