Quick scalp on the Aussie.
Out at +6 as the action started to struggle.
http://i25.tinypic.com/2prtsf5.gif
Loonie trade still on and currently +83
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Quick scalp on the Aussie.
Out at +6 as the action started to struggle.
http://i25.tinypic.com/2prtsf5.gif
Loonie trade still on and currently +83
Dont you just hate it when it does that :mad:
http://i27.tinypic.com/m98wly.gif
Good signal on the H1 - 50 pips off Cable tonight.
http://i30.tinypic.com/2eq7xvl.gif
i re-read this thread and the links and all the stuff I have on ichimoku esp that article in the currency trader mag and went over some eyeball back-testing.
quote that article
"Standard Ichimoku theory holds that a bullish crossoverresistance and looking at clear skies ahead."
below the cloud is a weak signal, while a crossover within
the cloud (price having chewed through some resistance) is
a medium bullish signal. A strong bullish signal is a
crossover above the cloud, price having eaten through
So I found a bullish crossover above the cloud on the Aussie and went long last night at .8416. Obviously a bit of volatility through the NFP time but +85 this morning - will move stop up and lock in 50.
Took some profits on my Euro shorts as it went down after NFP - surprised that it came back up so far tho.
Nice one Peat
The longer term could be forming a Gartley, but taking into account CMC criteria entry would be 1300+ pips away presently
http://i26.tinypic.com/zuk27l.gif
Strategy details
1. Take any medium or strong crossover with aposition hits its target
one-pip (tick) difference between the Tenkan and
Kijun lines as the first qualification for a signal.
Ignore all weak signals. (ref quote from post #78)
2. Wait for price action to break completely through
the cloud in the direction of the crossover by
12 pips. Enter two positions at this level.
a) The limit on first position is 45 pips.
b) The limit on the second position is either a
crossover of the Tenkan and Kijun lines
(one-pip difference in value) in the opposite
direction of the move, or a trailing stop set
15 pips above (for short signals) or below
(for long signals) the Kijun line.
3. Set an initial stop six pips above (for short signals)
or below (for long signals) the cloud. (One
alternative: If the entry is far away from the cloud,
set the stop 80 percent into the cloud.) Bring the
second position’s stop to breakeven when the first
its from an article in the currency trader mag from november last year which is not available online anymore (for free )
the file is CurrencyTrader1108s4.pdf which you may still have if you downloaded them each time they come out , but they seem to charge for anything older than the last two months worth.
I've stripped the article and posted it on my web site here - not to styley but contains the text and images
http://homepages.ihug.co.nz/~peat/th...ts_webpage.htm