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fy260498
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Postby fy260498 » Fri Dec 04, 2009 9:52 am

Hi dchappy...

My name is Yusuf and I wish to convey my sincere thanks to your efforts being put here in making this setup public. I trade 6E and will try to monitor these setups and post them in this thread so that I along with others can be benefitted. Hope that is OK.

Sincere thanks once again.
Yusuf

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fy260498
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04-12-2009 - London Open

Postby fy260498 » Fri Dec 04, 2009 10:09 am

04-12-2009
London Open

Long @ 1.5086
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6E 12-09  12_4_2009 (20 Range).jpg
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lukx
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Postby lukx » Fri Dec 04, 2009 10:17 am

Yep, I'm also in that long...patience, patience

dchappy
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Postby dchappy » Fri Dec 04, 2009 10:30 am

fy260498 wrote:04-12-2009
London Open

Long @ 1.5086
Very welcome,
Demo or trade small untill you are comfortable .

I'm still trying to post a template .

( if you wish to make the blocks larger , increase the width on the cci plot )

Trade well .......

dchappy
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Postby dchappy » Fri Dec 04, 2009 10:50 am

kcbnyc wrote:Thanks for the help everyone. What pip setting are you using, tenthpip, halfpip, or pip?

KB
KB : If your feed is only availiable in 1/10 th pips , you may have to use range 200 .

Right now your range bars are 2 pips long vs. 20 .

Also , I use only the period lin reg (60) on the Woodies cci , everything else is set to 0 . All colors are transparent except neg/pos lsma .

Hope this helps ...still trying to post a template :(

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Postby dchappy » Fri Dec 04, 2009 11:09 am

Some good opportunities in the GU this week

I'm done for the week ..have a nice weekend all

Chap
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$GBPUSD  12_4_2009 (20 Range).jpg
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lukx
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Postby lukx » Fri Dec 04, 2009 1:53 pm

loss:

and again I lost all profit. More loosing trades than winning ones.

Image

cizagui
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Postby cizagui » Fri Dec 04, 2009 2:37 pm

You do not trade in front of major news. At 8:30 am EST there was one of the news biggies, the Unemployment report from the US and before that there was the Canadian Unemployment report. The US report is a major mover of markets.

As a rule always exit your trades before any major news, unless you are an expert on trading the news.

Here is a source of important news and their meaning:

http://www.forexfactory.com/calendar.php

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Postby cizagui » Fri Dec 04, 2009 2:49 pm

Lukx:
One more item: The CCI was forewarning that the trend down will continue as the color reverted to black. The blue bar was just a blip. In a 20R chart the color change is significant and if it does not revert to blue after 2 black bars I would exit at break even or tighten the stop.

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Postby lukx » Fri Dec 04, 2009 3:50 pm

Thanks cizagui. I will be more careful in future when close to news.

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