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fxhermit replied Oct 25, 2010Round Numbers — Thanks Jaws810 for starting this thread, been lurking since last week. I always pay attention to round numbers in my swing trading as new waves in price movement often initiate at these psychological levels so this approach ...
The Scalpers Dream
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fxhermit replied Jun 28, 2010Hi Candlestar, I was just commenting on Crucialpoint's remarks about reducing the complex into practical simplicity. In the context of trading, whether it is the use of MA's or any other tools matters not as all have their strengths and weaknesses. ...
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fxhermit replied Jun 27, 2010Most important wisdom — I consider this post to be one of CrucialPoints best little gems of wisdom. The following two charts are examples of the practical use of this wisdom. Look at the charts and tell me, could you have made money trading ...
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fxhermit replied Jun 27, 2010simple — image Just two MA's. Looks pretty simple to me - Blue = uptrend, Pink = downtrend. Price breaks above/below the relevant Ma = entry or is that too simple? Yeah, yeah, they are not all immediate winners but you gotta' admit, it's ...
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fxhermit replied May 13, 2010Magic Monster Magic — The Magic Monster continues to work it's magic as the Impulse wave unfolds. Very nice opportinities as PA interacts with the "zone" making the lady easy to dance with. What wonderful relaxed and stress free trading this ...
BMI - MacD Magic Monster
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fxhermit replied May 12, 2010I like your colouring — BlueMental, I like your colouring. A beautiful visual representation of market wave structure as created by PA. The EMA's collectively do a superb job of differentiating the Corrective waves and the preferably sought ...
BMI - MacD Magic Monster
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fxhermit replied May 11, 2010Ahhh yes, kissing is a matter of degree .... a kiss on the cheek, on the lips, a juicey wet one, French Kiss

BMI - MacD Magic Monster
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fxhermit replied May 11, 2010Textbook example — Good heavens! here I am quoting myself, what is the world coming to! Just wanted to post a textbook example of what I meant in the above quote. This one happened in the EURUSD today and did everyting it was supposed to
. ...BMI - MacD Magic Monster
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fxhermit replied May 11, 2010Crossover indie — Sorry, forgot to add the indie to the above post.
BMI - MacD Magic Monster
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fxhermit replied May 11, 2010Bolts right on — As a swing trader, I am always interested in differentiating Impulse waves from Corrective waves. Market structure is a wave within wave kind of structure. There are Greater degree Impulse waves that have Lesser degree Impulse ...
BMI - MacD Magic Monster
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fxhermit replied May 11, 2010ribbons — The same indicator can be used to colour up the 2 EMA and 14 EMA zone and/or the 5 EMA - 14 EMA zone as well. Colour to your hearts content. Wow! Better than hi definition television
. Now all we need are some 3D glasses and we are ...BMI - MacD Magic Monster
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fxhermit replied May 11, 2010Important zone — I find that the immediate interaction of PA with the 14 EMA and the intermediate interaction of PA with the 47 EMA are of crucial importance. Subsequently the zone between the 47 EMA and the 14 EMA is an area that I ...
BMI - MacD Magic Monster
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fxhermit replied May 11, 2010shorts — Both scalps were shorts in keeping with the overall EURUSD sentiment. Quote - "If firebrick has NOT turned up and the PA kisses, you have a 90% certain short trade." That's a nice observation. I am used to trading with a 50 EMA on my ...
BMI - MacD Magic Monster
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fxhermit replied May 11, 2010EURUSD — Price wants to kiss where it came from - the underside of 1.2750 and the Firebrick (my line in the sand). Former support, has for the moment refused to become resistance. None the less a nice profitable scalp just riding the M5 ...
BMI - MacD Magic Monster
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fxhermit replied May 10, 2010EURUSD M5 — Another Asian session trade. A nice trendline break/ pullback/ continuation type of trade. Up above price we see the "old folks" (290, 500 ema's) parting ways. Let's see if 1.2700 is do able or if it will fizzle part ways. I'm ...
BMI - MacD Magic Monster
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fxhermit replied May 10, 2010EURUSD — I guess it's resolved .. LOL. Price kisses Firebrick and I'm out for lunch money
.... not unusual for the Asian session but nice enough for a few minutes work.BMI - MacD Magic Monster
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fxhermit replied May 10, 2010EURUSD — So far it still remains a scalp trade for me (haven't put on my swing trader's hat yet) and in that it has fullfilled it's role, Profit stop at +10. Is this one of these famous "scallops" in the making as price wants a kiss from ...
BMI - MacD Magic Monster
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fxhermit replied May 10, 2010EURUSD M5 entry — Gosh I lied,
it's actually the "not so lazy Asian session". Nice breakaway trade from under the 1.2800 and into the 1.2750 round number as well as the countertrend trendline after a lower high at the Firebrick. Whew that's ...BMI - MacD Magic Monster
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fxhermit replied May 10, 2010Indicators — BlueMental, I was looking at the property boxes on your indicators and noticed that you have a built in on/off toggle for EMA lines and a Steepmeter. Just curious what those are about? Thanks.
BMI - MacD Magic Monster
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fxhermit replied May 10, 2010EURUSD H1 — Hi BlueMental, Thanks for your astute input. I agree that EUR looks a bit uncertain at the moment. Price is around a support zone, coupled with a usually "lazy" Asian session one may do well to stand aside at present. There is ...
BMI - MacD Magic Monster