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- dr mongolia replied Oct 12, 2010
Thanks Ken. Beautiful trade, I can't believe I missed that one, it's been my favorite 15M setup ever since learning it from you. I'll go back to banging my head against the wall now
Overall I've had a good trading day so far. I had a couple ...Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 11, 2010
AUD/CAD is 10 pips from parity.. thats been a very good short level lately although stop needs to be past 1.0020
Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 11, 2010
Here's a possible trade if anyone is interested.. Short on EUR/GBP.. I took it at the 50/50 setup on the 15M (50MA/50% fib). On the 1H we also had a touch of the 50 (so 200MA on the 15M, which isn't shown since I just watch the 1H 50) plus two ...
Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 11, 2010
Solid setup and I just let it go.. closed way too early.. Could have hit my quota and be done. I guess that's how it goesKen's Continuing Successes with EO's system
- dr mongolia replied Oct 11, 2010
Yeah very slow day. I was looking to enter several trades last night (Asian session) to make my quota today -- I figured letting them slowly move today without any news spikes would be the easiest way for me to hit my quota. I was only able to get 2 ...
Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 11, 2010
I took half off and covered at the 62EMA / +40. I also took a short on E/J earlier but it went nowhere -- I was at least expecting it to move a little bit but it completely stalled so I closed.
Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 10, 2010
You might want to check EUR/CHF if your broker is giving you a decent spread right now; It's showing a possible head and shoulders on the 1H in addition to the daily trendline (mentioned earlier) that it's running up against.
Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 10, 2010
If this is annoying/spamming the thread let me know; on the weekends I usually mark up my charts and put a bunch of comments on them and save it in a file anyway, so I figured I'd post them here as well in case it helps anyone.
Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 10, 2010
G/CHF has been playing really nice with the 4H 50EMA (1st chart) lately and it's also in a predictable downtrend. On the 1H (2nd chart) you can see that the decline has slowed compared to the trendline that it was hugging, but that's because it had ...
Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 10, 2010
E/J tried to get above a critical area on the daily last week but failed. It's now fallen back inside its previous trading range. You can see the new downtrend on the 4H (and even better on the 1H). We might get some really nice short opportunities ...
Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 10, 2010
E/G could move big as well.. It's about to hit the top of a daily trendline with strong PPA right in the area
Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 10, 2010
EUR/CHF has been incredibly loyal to this 4H trendline for over a month now. (4H chart attached). We can trade the bounces or the breakout, and if it breaks out is likely to fall pretty hard as shown by the trendline on the daily chart (attached).
Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 10, 2010
CHF/JPY is also ranging very predictably and should give us at least one trading opportunity this week if it breaks out, otherwise we'll get several from the ping pong action. (4H chart attached)
Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 10, 2010
AUD/JPY has been ranging very predictably lately as the two strong currencies duke it out. If it stays in the range this week, we'll get several easy trades for good pips. If it breaks out, we'll get a huge trade. (4H chart attached)
Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 10, 2010
Here's my AUD/CAD daily.. AUD/CAD has already hit parity twice, and like the AUD/USD it's at the top of a channel with a hangman
Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 10, 2010
Weekend homework — I'm trying to squeeze my weekend homework in before the open.. Some things I'm seeing: AUD/USD is approaching parity. It also looks to be making an exhausting break of a daily channel, and it closed GMT with a hangman. Last ...
Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 8, 2010
At +25 I took half and covered; it's heading down pretty hard but its bounced back up to the top at this area before.If it breaks the PPA level I'll let it continue, if it heads back up for air I'll add the other half of the position back on.
Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 8, 2010
I sat out A/U, only have a short on AUD/CAD open. It's still ranging around the top and London is now closed so it might stall here. Going to keep it open until an hour before the NY close.
Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 8, 2010
AUD/CAD hit parity again, it likes to fall from here. S/L would be 1.0020 as it tends to creep upwards a bit. We're already at very strong PPA level but I'm waiting on a candle signal to enter.
Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 8, 2010
Looks like some short possibilities are coming up on AUD pairs, AUD/CAD, AUD/JPY, AUD/USD all looking possible
Ken's Continuing Successes with EO's system