Hello bro, please back to post 441. I don’t use arrow for scalping, I look for candle formation. I suggest that you try this method with virtual money for 3 days .
Happy trading
Hello, please open my profile.
Happy trading
Congratulation Sweet Pip. I am so happy here. I hope you can repeat to make such pips every week.
Let’s do our job to analyze chart 
ME TOO!
Let’s do our job to analyze chart
Yes I suppose that needs to be done daily at every open.
My live account is in limbo right now…FXCM Canada is closing and I have to transfer my account somewhere right away. MF Global was recommended by FXCM, and they have MT4…so I’m trying to get them to set me up with that! If that happens, I’ll be VERY optimistic!!!
I just checked my home email and found I’ve received an email from MF Global, and Yes they can set me up with an MT4 US mini account. So I can either transfer my CAD account to them, and they will do the conversion into US funds, or, I can have my CAD deposit returned to me, convert it at my bank, then send in a new application and deposit in US dollars. USDCAD xchg rate is in my favour moreso than before now too! 
The only thing is that their margin requirement is different…it’s about 3% of the lot size (variable per pair)… which is say around $300 per $10k mini position…that means if I want to have 3 $10k mini positions open at the same time, I’d have to have $900 held, and another few hundred or to keep from getting a margin call. Not your run of the mill 200:1 leverage they hook you in to begin with…lol…hmmm…
I’m sure this pair will be back down to make a double bottom, and then climb up to 1.100 area. What should we do now? at 5m, we can gather pips by doing scalping as the pair headed to the bottom, and after that we’ll be back watching supertrend in 30m to see the opportunities.
Let’s look at this pair in several timeframes.
Joe you are a great teacher. Thanks for the money management examples. Sorry for my delayed reply, but I have been busy and and being a newbie it took me a day to set up the charts. Once I am up to speed I may have further questions but right now I have a lot of catching up on reading this thread and learning so you might not hear a pip out of me for a bit ;).
You’re welcome.
LOL, I am not a teacher but acording to this site I am a senior member and seniors have to teach juniors as good as possible.
I’m also seeing a possible inverted head & shoulders here too, and if so, this could be a turning up point…?? Of course this is like deja vu on the USDJPY yesterday that didn’t develop, so this might not either…lol
4H trend is still strong and most likely we will see a double bottom.
Hello my friend, I can guess if you have a good heart and always rejoice. This is the first condition needed to become a forex trader.
Hello SweetPip, do not miss this free pips. We just have to wait for a while and entry in the best place.
joe on you last picture at0.8445 i can see double tops and then a breakthrue. Also you see double tops and bottoms and sweet girls see head and shoulders and im try to learn in the middle and hate it
best regards
Sweet girl just like me i see you have been in alot of threads what do you think for example that bring the butterfly and gartley patterns here maybe it will give us even better odds on our trades ?
or some basket inspired look at diferent pairs to see a common trend ?
when it comes to scalping maybe tros lines can be of assistance ?
best regards
Hallo Joe, hallo friends,
although I am not always here (looking for many things, in the moment…) I am following you, and want to start making a lot of congratulations to Sweet for her wonderful results!
Although for me following this system is really very difficult, given my regular job, I’m trying, anyway. In the moment I have (on background in my laptop) a stack of charts, allowing me a very rapid double check every 30 min. In the moment it looks like that:
So, there is even a triple top on EURUSD, but the signals are still conflicting, a bearish breakout on GBPUSD, but still no confirmation of all signals, another quite impressive reversal on GBPJPY, but again signals conflicting, a nice double top on EURJPY, but signals conflicting, and AUDUSD, pointed out by Joe in the H4 timeframe, is also waiting for signals to converge. Please, please, have a look to this analysis and tell me what you think could be wrong.
In order to improve my chances of getting some workable signal for me, I was also thinking looking at longer TF (like 4H or at least 1H) so that I can check my screen less frequently. In this respect I want to make you, Joe, a question. How have you chosen the CCI parameters: 34 and 170 (and even the 50 that is incorporated into the supertrend). Have they a specific meaning (e.g. relationships between timeframes)? Are the result of a specific optimization? Is just your experience and intuition? Would you still keep these parameters for other timeframes?
Here, for instance, I must say that I would be VERY IMPATIENT on some currencies, seeing these indicators changing color a little bit faster, catching the trends a bit earlier… But I know this is just gut-guessing and I must restrain myself…
Second: pivots. They disappeared from your charts in the last time. And with Sweet we discussed already that, on the forex, basically 24 different sets of pivots can exist, depending on the timezone of your broker. Because in every different timezone of the world there will be different values for O/H/L/C. Are you now basing your TP levels on S/R? Or on a fix pip amount?
If you’re still using pivots, can you suggest YOUR timezone used? Are they calculated on the close of NewYork (0:00 GMT-4)? My current pivots for EURUSD would be, for instance: R3 1,4773; R2 1,4654; R1 1,4566; PP 1,4447; S1 1,4395; S2 1,4240; S3 1,4152. Which are your values?
Thank you very much in advance
Fabio
OK people,
jumped in! After having waited the whole morning for the signals presented in my last, I saw less or more the opposite happening:
-
EURUSD tested three times the support around 1,4465, bounching off everytime. Then it broke resistance around 1,4540, taking off while all signals were pointing up. Entered long at 1,4546. Let’s see! It’s in the upper area of the screen but it looks really strong.
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USDJPY: I was waiting repeatedly for a long signal, but it encountered a very strong resistance around 92,50. At last broke support at 92,25 with all Joe’s system indicators pointing South. Entered short at 92,22. There is a support in the area between 92,05-92,15, so let’s see if it gets broken or it’s a whipsaw.
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USDCAD (wasn’t there in my previous). Several bounches about the resistance at 1,0820, then pointed down with indi’s in the right direction, and broke support at 1,0770. Entered short at 1,0765. There is a lot of room for going down, here.
Please comment my trades. These are a sort of “scrimmage trades” with 0,01 minilots, but it is “real money”. LOL!
Bye
Fabio
=== EDIT: EURUSD seems fast. After + 27 pips stop loss moved at B/E (entry + 3 pips spread).
== EDIT2: OK, actually USDCAD, which seemed to be the most promising and quite “adhering” to the rules, has been stopped out (15:55 my time). Bad, but of course it doesn’t mean anything. Any hints about how good or bad the setup was? The other two are still cruising.
== EDIT3: Waw, now it’s getting momentum! Also USDJPY reached the first point, (+27 pips) so StopLoss to breakeven! (16:05)
I’m not too sure how to post screenshots but it looks like a double top has formed on the gbp/usd 1/hr chart. Price looks to be heading down. I got in…we’ll see what happens.
Hi Fabio,
Good to see you caught a couple of good trades! I couldn’t stay up anymore and went to bed just before then…darn :(.
For eurusd, R1 is at 127.2% fib extension so it may stall a bit, retrace a little maybe (or not…lol), but if it continues up then R2 is 161.8% level and will make your 100 pips. Since it only went to 38.2 retrace from the last swing, that’s supposed to mean a strong trend up.
For usdjpy, you’re at your 50 pips I’d say…if you took them, Congrats!
Braylon…what are the rules?..lol…CCI is still green, supertrend is still green and flatish…not exactly signs to short yet! Are you going by “gut instinct” again?!..
You can right click on your MT4 chart and there is an option to save as a picture. Following that select the Active Chart option using 900 x 700 pixels. Save to your harddrive. Then in your post you can select the paperclip icon and upload your pic. I think I’ve posted how to imbed the larger view directly into your post after that…will get you the link to that post later.
Yep, thanks Sweet, but that’s [B]nothing[/B] in comparison to your goodies! LOL.
Nice things all these Fibo’s… I’ll have a look tomorrow.
YEP, you’re saying exactely the right thing “50 pips,… if you took them”! No, I haven’t taken them, I’m leaving the system run by its own motion. Let’s see. Losses are no more possible now, because SL is at B/E + spread. TP’s are set to the two pivot levels… This evening I’m going and sing Bach’s Magnificat… so let’s see whether, while I practice with the Master of Eisenach also my pips get in the right harmony…!
But, any direction it would take, I would be glad for comments about the setups. If now both EU and UJ change their mind and fall back to the breakout level, I would say I am a bit “disappointed” and would like to understand where and how my analysis was wrong in the frame of this trading system.
Bye
Fabio