Wallstreet1928 Analysis & live calls on FTSE,DAX,S&P...aimed to help New traders
- Thread starter wallstreet1928
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Hi WS, liked your charts. My time cycle works suggests that we will see the orange path on your 2nd chart.
Look out for the H&S formation on the CAD/JPY. Short @ 8.600 could be quite fruitful.
@ MANYA, BW81, GEOFRACT
Yes manya, have this one in my sights.
Other two set ups I am focussing on:
15M B/O set up on USDJPY, AUDGBP - Geo, been reading up this w/e and I think these two fit the set up exactly?
london_lad
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FTSE at 4449. Is this for real? - Btw, morning everyone
....And USDCHF, prime candidate.
Break of 15M down channel, pullback @ 0930, red candle closed @ 10690 10.00am
Short @ 10685, s/l 10705, target 10645
SuddenDeath
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dr.blix
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good on you SD
i've ditched that system SD...i just couldn't see it working clearly backtesting it.
i'm testing something i've botched together with the stochastic and candle reversal formations...so thanks for putting me onto the stochastic anyway. it's had the positive effect of stopping me firing of stupid positions at the very least :cheesy:
I don't know why I found that so funny....
@ SD - yes good call - As always got out too early @ 4430 for +12 just before R2 - did not keep my stop behind on a 10M candle as you suggested before. Have to condition myself to do this.
I have taken something from the FTSE today and will leave it at that - concentration is on forex at mo.
Still watching USDJPY ?
db - we're looking at the same thing, but its a 12point range with 2 point spread and a margin of error for entry of -/+2 let's say, suddenly you're looking @ around 8pts - range just too tight to make it worthwhile.
It's really obeying the tls though, so probability wise go ninja, but r/r is terrible.
Geofract
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Any chance you can post a chart Mr. Lapster? I've had a look at UJ, but not sure it was quite as per the thread setup rules - but maybe I missed something - post a chart if you can?
I took +46.6 on a demo trade of gbp/jpy - different type of setup though - but damn that moves quick
All good fun.Oh yes. Flicking between those currencies mentioned.
Did you follow the posts from GEO about the 15M breakout strat? This is what I am trading this week.
http://www.trade2win.com/boards/for...55-phil-newtons-range-break-out-strategy.html
Previously, I have been trading on the first break of a TL, not the pullback.
So I am looking at that bottom TL on the 15M as an area for a pullback and on a descending candle to enter - as per trade on USDCHF (closed out b/e)
On USDCHF I believe I made a mistake - re: read the part about entering on the limits of daily ranges. I have done that, I am shorting close to a bottom.
Whats your thoughts USDJPY?
Any chance you can post a chart Mr. Lapster? I've had a look at UJ, but not sure it was quite as per the thread setup rules - but maybe I missed something - post a chart if you can?
I took +46.6 on a demo trade of gbp/jpy - different type of setup though - but damn that moves quick
OK Geo, will sort out this chart posting!
Why not as per rules?
JPY pairs jump and start - quite disconcerting...
OK, looking into this chart posting...
Geofract
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What I understood from the thread is that there should be a fairly tight range overnight, which is near to the highs/lows of the previous day, but not above. in USD/JPY it has rallied overnight in the Asian session, above the previous days highs, there was no range breakout from what I could see.
Did i miss something though?
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