Daily 9-24 — Daily 9-24 As I mentioned last night, it looks like the Daily wants to turn down. And it's making a good show of it. On the Daily-1 chart: (1) We have the open below the red indicator, which I will call EMA from now on. The reason ...

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For you London Session Traders — Another Example This one came during the beginning of the London session. In a way I envy all of you who trade that session because the movements are so good. I've tried. but can't make the adjustment. I prefer ...

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When you set BE and it gets hit you lose nothing, but you also don't make anything. But it is still considered a winning trade because you have lost no money.

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That is lingo. It means Break Even. It is when you set your stop to get out with no loss or gain.

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Recap of Last Nights Trade As you recall, I did not like what I was seeing at the 2000 bar on the H1. Because of this I did not take entry at that time. I was then distracted with a phone call. During this time I had the H2 up and saw the hit on the ...

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That's it for today. I will be back some time tomorrow. Take care all. God Bless

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It stalled out. Exited with +40. Not to shabby for a Sunday evening.

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Locking in +35 wit TP @ 1.2925

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Changed stop to lock in 20 pips. If this holds I will re-evaluate at 2200.

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Entry was taken off the H2, bit I am still concerned with the H1. If the bands on the H1 don't fan out and instead remain flat I will exit this trade.

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Sorry was distracted for a bit. The open of the 2000 was not an entry. But the H2 did retrace to a resistance and I took a short entry there. Currently Have BE locked in and +15 as of this post. Entry was 1.2978. Will see how it goes.

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The Spread and My Charting Package — The Spread and My Charting Application I use AccuCharts provided by FXSol. I'm sure this system can be coded on some other charting platforms, but have not bothered to try. The only other one I have tried ...

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Thank you very much Duffy. That does mean a lot.

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Even with the possibility of the H2 close-open being below the Daily support I mentioned, there is a problem. This is the H1. (1) The yellow indicator has gone flat. (2) This Gold is ready to cross the yellow and has already crossed the Purple. This ...

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My pleasure Duffy. I won't be going into too many specifics, but you can ask those questions on our forum.

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The way this system is set up I don't have to sit and constantly watch the screen. About 5 minutes or so before the bottom or top of the hour, I will go through the three trading charts (M30, H1, & H2) to see how things look. About 80% of my trades ...

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I don't really like to trade during the Asian session as the volatility has been pitiful since the banks destroyed the carry trading a few years ago. I do check everything wen the market opens for the week.

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I have that support marked on my H2 chart. If I get a close-open below it, I will evaluate to see if there is a trade at that time. I am looking for a potential move to the next support about 150 pips below us. We shall see, as everyone knows ...

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Daily 9-23-2012 — The Daily is sitting right on the edge of turning down. Price is a bit out of balance with the yellow indicator, but it is close enough that movement down in price will pull that indicator down. This is the only indicator ...

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Fundamental Analysis — Fundamental Analysis How I usually start my week is to quickly peruse the upcoming economic releases. Mostly this is to see if there will be news to give movement in the market. There are very few announcements I pay ...

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