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copi88 replied Jul 15, 2016If you are wondering why the Yen Crosses are struggling... GJ, EJ etc are below the 34MA however USDJPY is above the 34MA, hence the lack of movement. If UJ can close below we might see some movement
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copi88 replied Jul 15, 2016Yes, just DP and DS/R But as I said first observe for yourself
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copi88 replied Jul 15, 2016I removed the WP and MP from my charts. Find that price does not observe them or if they do its a minor bump and they serve to distract you from taking trades. Monitor it going forward and make your own decisions....
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copi88 replied Jul 13, 2016FOR CROSS TRADES : Dont take long crosses below the 34MA and Short Crosses above To avoid fake crosses (where the lines touch and then retrace) place your entry 5 pips (plus spread) above / below the candle. Leave the order for two to three bars ...
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copi88 replied Jul 10, 20161. Times - Best times to trade are 5 to 10 min after the opening of Tokyo, London and NY markets and then for the following 1 to 2 hours. (Note that lately momentum is coming in 30 to 45min after Sydney opening) - The wait is to see if the market ...
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copi88 replied Jul 5, 2016By the way I have removed the Weekly and Monthly pivots from the Autopivot indicator. Find that they restrict the trades too much and price only reacts slightly if at all to them.
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copi88 replied Jul 5, 2016Great CROSS OVER trade on EU today which I missed. This is a problem with having 13 charts open you miss lots of opportunities. I think these crossovers especially when they happen over the 34MA are very powerful It would be great to have an alert ...
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copi88 replied Jul 5, 2016It depends on your brokers start time. Use them as areas rather than a specific value.
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copi88 replied Jul 5, 2016Short GJ +11 Short on the confirmation of the break of DS3 support. I was too conservative here with my TP. When a currency pair has such a big gap on the strength meter it will (usually) blow through minor S/R areas like the 50. 134.00 would have ...
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copi88 replied Jul 5, 2016UJ has finally stopped ranging so there where some great trades on the crosses today. Remember to check UJ whenever you are about to enter a JPY cross. If its ranging just take short scalp trades.... 156 pips so far this morning and another 70 pips ...
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copi88 replied Jul 2, 2016Yes, you dont want to take a trade that the next point of S/R is a short distance away especially when it has been untested and your R/R ratio is negatively skewed.
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copi88 replied Jul 1, 2016Cross Trade on AU image This trade took awhile but eventually got there. I took this trade on the cross , entry at the green arrow, a couple of pips above the green bar even though the currency was at recent high. Was a bit risky but it had been ...
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copi88 replied Jul 1, 2016I thinks its because you are a new member. Try upload it to imgur and post the link.
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copi88 replied Jun 30, 2016See how UJ is stuck in a range. Trading the crosses is going to be tough going and choppy. Rather aim for small scalp trades until it breaks out. image
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copi88 replied Jun 30, 2016I think the signals where mixed here. Price broke below the 32ma and then went back up but see how its going up on reducing volume. Not much interest in the higher prices. Also see its made a lower high (slightly) and lower low indicating weakness. ...
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copi88 replied Jun 30, 2016Here is an example of an attempted cross It happens in a nice spot closing above the 34ma and support from the round number. However I wouldnt be too interested in this trade. Both currency pairs are very weak and we are out of the main trading ...
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copi88 replied Jun 30, 2016haha yes but news was coming so market had paused. Best to be out...
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copi88 replied Jun 30, 2016This is important when taking a trade on a currency cross if you understand how they are calculated. If NZDUSD and or USDJPY are coming to an area of S/R then taking a trade on NZDJPY will become risky / doubly risky..
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