Hi Kharvell, To what price is the RSI applied? Close, Open, High, Low, Median, etc. Thanks for sharing your method with us.

RSI Daily Pivot Point System

I do have a real account, but it's a managed account. I got into demo because I want to learn to trade myself but don't want to touch my real account yet and just want to leave it with the manager for now until I have the confidence to trade by ...

Daily Cable Analysis

I only made 20 even with the 1-pip spread on demo because I entered late. I thought I had to wait for a full 5-minute candle to close completely below the 1.9487 low (completely, meaning the high is less than 1.9487). I will now go back to the trade ...

Daily Cable Analysis

The current 5M candle just crossed the price. Are you saying that if the next or any subsequent 5M candle's high is less then the price, you'll go short?

Daily Cable Analysis

http://www.worldmarkethours.com/Forex/DMini.htm?24,1,1,1,undefined The link displays market open and close hours for NZ, Australia, Japan, HK, Europe, UK and North America markets. You may choose to display time in GMT or in your local time. I ...

Daily Cable Analysis

Hi Monarch. I doubt that I can contribute anything of value yet having only started in forex less than 2 months ago. But thank you for creating this thread. I have learned so much from you and the other experts here and hope to continue doing so and ...

Daily Cable Analysis

Yes, that's what I thought. Thanks and please continue posting your thoughts on the ISM and other reports in the future.

The ISM Report for January 3, 2007

Thanks. As always, you continue to provide this thread with nothing but 'good things'.

Cable Update (GBPUSD)

OK, thanks.

Cable Update (GBPUSD)

Is this from the day's high to the day's low? Euro hasn't retraced yet to 23% fib in my chart.

Cable Update (GBPUSD)

He sure does! The thing is, I don't know when the move is done for the day and the retrace has actually begun. Not for a move like this.

Cable Update (GBPUSD)

Isn't there a difference between simply saying it could go up, down or stay the same, and saying it will do one of the three depending on some specific ISM results? Or perhaps you were looking for a prediction of the actual ISM number rather than ...

The ISM Report for January 3, 2007

Got out at 1.9622 but had to move my TP twice prior to that when I saw the unexpected forceful move down. Nice ride! Thanks for all the ideas. (Monarch, hope you're well on your way to your 500 pips so we can hear your voice again here)

Cable Update (GBPUSD)

No! Do not re-adjust. Please don't! We need you all hyped and wired when trading resumes.

Cable Update (GBPUSD)

Channel? — How about this? image

Cable Update (GBPUSD)

Yes, internet connection here in Manila has been crappy since the quake. My daughter's complaining because she can't trade in Neopets.com

Cable Update (GBPUSD)

This information could be worth a daily 20 pips 82% of the times. This is the strategy I'm looking at. On a bear day, wait until the market has moved it's usual 100 pips or so down and begins to go up again. Confirm that we've got the day's bottom ...

Cable Update (GBPUSD)

It's just me then.

Cable Update (GBPUSD)

It breached the upper line of the channel on my chart just a little while back. Could this be the London opening noise? Positioning for the Index of Services news? Or is it just me?

Cable Update (GBPUSD)

I know what you mean. I've employed your strategy, and am now short for cable and eur/usd, and long for usd/chf and usd/jpy. I was away when the CPI news came out and got back in front of my PC at the top of the move after the news. Since I too ...

Cable Update (GBPUSD)