It’s parked here because there’s a mix of topics within the content & this little corner kind of seemed chilled & not too starchy. Folks will find it if they need to. 
Glad you like it, hope one or two elements add some zip to whatever you’re using.
Role call please. How many of you will still be contributing here, after the change? I have a quick update. Uggggg follow the rules you set for yourself!!! I was doing pretty good, then got greedy, then allowed a wider birth on entry, then got reminded how stupid I was being. But on a side note, I am extremely happy that it happened again. It didn’t cost me a whole ton, and directed my focus to what I am doing right. I am now back on the right track. (At least I think I am)
didn’t even realise they’d been a change until I logged in just now.
I guess one of us will address anything that’s posted once we get an alert, not sure why a change of forum graphics would deter responses?!
anyway, you need to ask yourself how come you’re still slipping up so easily on these basic set up criteria.
if you’ve tightened up on your prep, entry & exit procedures & recognise when & why your higher probability game plays are unfolding, then at this stage of your activity these slips shouldn’t be occurring should they?
sounds like a lot of these situations are mental or confidence barriers.
Thanks soultrain. Actually, I simply applied my “entry” criteria on an unfamiliar time frame. I used my … How do I say it… I used my view and structure look from an intraday perspective and tried to apply it on an intramonth perspective. It didn’t work. 
It didn’t work, because it completely lacked utilizing the information that applies to current market action. Oye.
It’s not so much it didn’t or doesn’t work more that it requires different objectives & a revised outlook.
For one, you’re going to require extremely deep pockets or be restricted to betting pennies if you’re using those kinds of time horizons. The pullbacks alone could stretch several handles deep.
Even locating traditional stop loss areas betting breakouts via those timeframes could prove challenging if you’re working off a small account as they’ll often necessitate at least a couple of handles worth of placement. You certainly won’t have too many alternative risk options at your disposal utilising that tactic working on a budget.
It might be an objective to work towards when you possess adequate funding & are comfortable with the large potential drawdowns associated with that type of game play, but it’ll prove very challenging psychologically attempting it operating a tight or low financial stake.
Successful exponents of that particular style & time horizon are always very well capitalised, mainly because they diversify.
Thanks Saul, yes, as I watched it unfold, it became very clear that the methodology and thought process didn’t jive. At least not with my current short term view.
. It was a nice ride. So I do need to ask, was/is there an identifiable difference between yesterday and today? See I did try yesterday as well. I got in at 86.70, and it was ok, but didn’t take off.
Is that an I’ll advised trade?
Thank you.
I am putting the term ’ pullback continuation shift ’ into my note book. 
Aud/nzd which I was dumb and got in earlier than I should have and took a loss,. I moved my attention to eur/nzd and made some very nice pips. Less is more$$.
You’re a brave man shorting that EURNZD against the background of a strong up-trend on the daily - glad it worked out for you.
I think he’s punting the other way on eur/nzd Matt, as per stakz comment re; shorting kiwi v/s euro, sterling, aud or cad (meaning long eur/nzd).
At least I assume & hope he is if he’s following the theme & flow of this particular approach.
Yes. I was long. Sorry I did not specify that. The pair dipped just below last week’s low, as you stated with a background supporting a long entry. I used last week’s low as my “guide”.
If you’re not already using them exclusively as your barometer/guide, I’m sure you’ll soon begin to realise & witness their effectiveness & consistency, particularly when utilising this type of approach.
I used to be traditional s&r devotee before eventually wising up & taking the leap of faith across to session levels & big figures as my only & primary reference points when betting background qualifying momentum plays.
I admit I hummed & harred for a while about maybe merging the two reference options but regular interaction including some live meet ups with 2 long standing punters of Dan & Billy’s put my mind at rest & convinced me otherwise.
I know these guys have continually banged the exclusive session/round number drum from the get go, but when you can measure the progress in your own results & see the evidence from experienced campaigners using similar activity, it does wonders for the confidence & confirms the genuineness & integrity of their advice.
Hahaha, it’s a gnarly old fossil for sure but when it ticks all the necessary set up boxes, which it did this week, then it qualifies as an A lister. If you nibbled on it after it danced with & left last week’s highs (& the 1.30 figure) in its rear view mirror on Tuesday then good for you!
Another hop & skip & it’ll register fresh yearly highs.
At over 150% of weekly range, it’s also vying for the top (major) performer slot with USDCAD this week too.
[quote=“odds_on, post:1195, topic:71504”]If you nibbled on it after it danced with & left last week’s highs (& the 1.30 figure) in its rear view mirror on Tuesday then good for you!
Another hop & skip & it’ll register fresh yearly highs.[/quote]
Yeah there have been one or two significant violations recently.
Various aussie & canadian dollar pairings + euro & a couple sterling candidates are either threatening or have broken out to fresh yearly highs/lows. Gold especially has impressed since busting through the 2nd quarter dual yearly top at 1295 towards the end of last month.
Not so much as a sniff of a prior weekly low violation on that instrument since early july either.
Talk about a vote of confidence! 
Just a question, maybe a silly one, but anyway, what do you consider as a weekly opening price? is it the first price on Sunday at the Fx market re-opening or the London shift starting time?
I haven’t actually thought of needing to know that piece of information. I would put more weight on the high or low of the week. Now if the high or low is right there on the open, or involved in a gap of price,. I would be patiently waiting for price to get into o groove before acting.
on the normal retail platforms it’s the first ticks off the NZ open.
The title piqued my curiosity & the content is turning into an interesting & very eclectic mix I must say.
Haven’t read the entire thread yet, but I’ve seen fleeting references to scanners & automated models, subjects which don’t seem to generate much enthusiasm on forums even though these days, & particularly in FX, they’re gaining traction at a rate of knots. Having said that, this is an entry level website so I suppose it’s not too surprising.
So what type of scanners, filtering & automated mechanisms were you guys introduced to by the op’s sketcher? & do any of you utilise currency specific screeners & auto trade programmes?
[quote=“Jocelyn, post:830, topic:71504”]
On the programming front we had to put the brakes on I’m afraid. Although they’re resource rich, we’re time poor[/quote]
The standard & publicly available models are quite inflexible & limiting. Decent fx scanners are scarce too. Clearly you’re not talking about off the shelf or basic EA’s here, & on that score do the op’s undertake out of house development & programming work? & is the funding introduced or direct?
Would be interesting to discover how the business arrangement played out because from my limited exposure to the forum thus far, it appears to be the exception rather than the rule.
They’re market generic. They include spot & currency futures but that sector only accounts for around 30% of activity. They’re weighted to stocks & commodities.
2 are trend biased, 1 of which specifically identifies & prioritizes candidates based on volatility metrics. They’re both primed to take advantage of multi-day rollover/pyramiding plays wherever possible.
The 3rd is an intra-day average range/mean reversion model which identifies & executes pre-determined percentage extension moves. Although it’s a 24/7 scan/filter engine which is designed for high turnover, multiple round trips, it only executes when specific conditions come into play. Again, the weighting primarily leans towards stocks/equities & commodities.
[quote=“corin, post:1200, topic:71504”]& on that score do the op’s undertake out of house development & programming work? & is the funding introduced or direct?
Would be interesting to discover how the business arrangement played out[/quote]
They design, develop & update the software themselves dependent on current market cycles, & that’s the key to it’s success. The engines perform all the work but they still need to be switched off at the appropriate times. As far as I know they don’t hire out, but no doubt they’ll chip in if I’m mistaken.
I was working on my own automated stuff based around some of their content, as were a couple of other thread regulars. Some of the tasks I required the engine to perform were beyond my capabilities & experience, so they kindly stepped in & assisted with refining some of the filtering & execution processes.
They’ve previously matched & introduced traders to investment funding opportunities, & a couple of us were very interested in venturing down that route once/if we achieved a consistent enough track record or showed sufficient promise betting their concepts.
That’s the only reason we received personal hands on assistance with the automated side.
The progression down that route was a no brainer really as the stuff they’ve presented lends itself perfectly to that end.
Entering into a working relationship with them not only allowed us to fast track our own aims & objectives, but it saved us a massive amount of time trying to sift out the wheat from the chaff. It also exposed us to another layer of opportunity via the intraday/ high turnover stuff, which can be a minefield unless you’re lucky enough to receive input from those experienced in that activity. The real benefits are gained through the time/effort/cost savings.
The financing & contact doors they’ve opened would ordinarily have remained shut. Plus the chances of linking up with top end programmers & developers out there who aren’t already contracted-in or approachable are nigh on impossible.
It’s very unusual for me to be in a right place/right time scenario so I made darned sure I wasn’t going to let this opportunity slip by, lol.