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- ocelot replied Aug 21, 2008
eurchf long — Here's a setup I really like. Long eurchf at 1.6180. This level is the 50% fib from the low of 1.5990 to the high of 1.6366. It acted as support on retracement down, then after price broke through, it acted as resistance on the ...
- ocelot replied Aug 19, 2008
audjpy short — I'm considering a short of this pair in the area 96.25 - 96.43. Possibly a long as well at 95.00. Thoughts from anyone on this?
- ocelot replied Aug 19, 2008
Thanks for the response Qman. I figured this question had been answered previously, but I couldn't recall where it was (I've read through the whole thread at least twice). The rationale makes sense, immediate bounces are going to give us bigger ...
- ocelot replied Aug 19, 2008
when price stalls... — Hi Billy, How do you handle the case where price falls down to a support line and then just stalls and starts moving sideways? Assuming you had a long trade there, do you hold it to see if price will eventually start ...
- ocelot replied Aug 17, 2008
Track - EURCHF long — Hi all, Price is approaching a good support area on the EURCHF as seen on the daily chart. LONG at 1.6024 - 1.5989
- ocelot replied Aug 15, 2008
possible eurusd short at 1.4815 — The eurusd broke below 1.4815 and almost immediately retested that level where it turned to resistance. I did not short it there because price had not gone far enough away yet though as of this writing it has. ...
- ocelot replied Aug 5, 2008
audusd — I had a limit sell order in at .9285 and it didn't get picked up by my broker! Curses!!! (sorry I didn't call it ahead of time, I'm new to the thread). My phantom trade is now 40 pips in profit and dropping! Curses again!
- ocelot replied Jul 15, 2008
Possible sentiment change — Price is about to breach the low of 1.5882 on the 1h chart. If it retraces up and makes a lower high then goes to make a lower low, I'll be looking to short. Edit: I probably should have mentioned I was referring to ...
- ocelot replied Jul 15, 2008
early entries — I've been looking at a couple of potential early entry strategies as well. First, I'm combining the MAs from Effi's Basic Trading System, and using the entry rules for that system after a breach has occurred. So, for long ...
- ocelot replied Jul 14, 2008
Just for my clarification, you don't even need the indicator then to trade this system. You're only using it to provide a visual cue for those less familiar with identifying new HH/HL patterns? If that's so then that creates more opportunities for ...
- ocelot replied Jul 9, 2008
No sweat. The key to success with this system, and this probably applies to all systems really, is to be aware of market conditions while you're trading. Since we're trying to catch trends we need to be wary of ranging conditions. Trading breakouts ...
- ocelot replied Jul 8, 2008
Okcpippin, Two things about this trade. First, the best setups occur when the stochastics are smooth and coming down from overbought or up from oversold. The stochastics right before your entry, while below 50, were erratic and had been ranging in ...
- ocelot replied Jul 8, 2008
Simple filtering — A trade I took this morning. My entry came at the red vertical line, though as you can see the signal was generated a couple of bars before. As the M2 line was acting as support, I wanted to see price dip below those recent ...
- ocelot replied Jul 7, 2008
Indeed, and it was just above the 50% fib level from the same date. Good setup.
- ocelot replied Jul 7, 2008
1.5650 — Anyone else in at this level? TSL moved up, protecting 3 pips of profit. I'm considering adding another smaller position on a break above 1.5753.
- ocelot replied Jul 4, 2008
Parallels — I've just been reading through this thread and it sounds like Crossover is a real PITA. I've been using Metatrader on my MacBook Pro through Parallels for well over a year now and other than the extremely irritating F12 function ...
- ocelot replied Jul 4, 2008
So far so good...
- ocelot replied Jul 4, 2008
That is a perfectly valid entry strategy, let price fall through, in this case 1.5650, and then place your limit order to catch it on the way back up. However, and this is one of the benefits of trading this system, the wide stop we use is designed ...
- ocelot replied Apr 16, 2008
Hi Guys, I'm in Jacko's second group. I went long at 1.5800 and here's a chart showing why. I had an old trendline drawn from the low of 3.24.08 to 4.2.08 though price had gapped below it last weekend (an unusual occurrence I ignored) it acted again ...
- ocelot replied Apr 7, 2008
I was tempted by the counter trend trade — ...and lost. No more of those for me. Currently looking to go long again between 1.5600 and 1.5650.