RCS SS Signal Around 3 am PST

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RCS Signals 90 Minutes into Lndn Open

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Movers & Laggers as at 6 am PST

Good signals and trades today but on the sideline as I avoid trading when several high impact news reports are cramped into a day and within hours of each other.

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Movers & Laggers as at 6 am PST

We also had EU and NU signals which have since disappeared when price pulled back, and was short on the EU from 2582. Waiting for factory order news release before considering any new trade unless the CAD forces my hand but no, I won't even allow that to happen as I'm leaving for my private devotion and will be back after the news release.

Cheers, and God bless

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Movers & Laggers as at 7.30 am PST

Best setups as per my engagement/entry rules for a HPT (high probability trade) were EJ & CHJ (CHFJPY) followed by EU & UCH (USDCHF) more based on Euro & CHF weakness than USD strength.

I overslept again and missed the action during the London session, as the movements were initially CT trades and not in agreement with my engagement rules. So I went to bed, and EU & UCH later recycled to align with my entry setup about an hour before commencement of the US session while I was deep in sleep but not to worry I did catch some few pips after the PMI release on the EU and will stand aside until the Asian session unless something interesting attracts my attention.

All trades are still CT and seem to have retraced to about the 38.2 - 50% FR level, and will be watching for a bounce or trend reversal. I'm an intra day trader and use both the M30 & H1 TFs as my bellwether and the M5 for entries. We get frequent pullbacks on the M5 for quick entries, low risk (small stop loss) and with a 10 - 20 pips profit target achieved quickly. We get even more pips when trading in the direction of the intermediate trend.

Good trading, and God bless

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What a Day for Movers and Laggers!!!

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Movers and Laggers as at 7 am PST

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Movers and Laggers as at 7 am PST

Best signals were for GBPUSD & GBPAUD but both were CT trades

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Movers and Laggers As At 3 am PST

Overslept this morning and missed all the moves but can't cheat nature as it's midnight here in Beautiful BC in Canada

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Movers & Laggers in Today's Market

RCS SS Signal(s) around London open

Combine this movers & laggers dashboard with the RCS signals above, you get great confirmation for potential trades.

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Movers & Laggers in Today's Market

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RCS SS Signal Around 2.30 am PST

Best trade signal is the one where both currencies are highlighted in lime & red for buy, or red & lime for sell. So only viable trade here was GJ (GBPJPY)

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RCS SS Signal(s) @ US Open

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RCS SS Signal(s) @ London Open

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RCS SS Signal(s)

RCS Spreadsheet Signals as at close of trading on Friday.

Active live trading will commence on Monday, after the market must have settled down following the expected volatility from the election in Greece.

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Demo Trading

Good morning fellow traders

I spent a bit of time demo trading, reviewing and tweaking my trading system and method after last month's disaster. Seem to have gotten a good filter to work with my CSM Spreadsheet Signals and therefore commenced live trading on a low scale last week, and thanks to ZK for his support, advice and generosity in sharing his ideas and system too.

All I see on the charts today are CT trades which I will avoid. I am therefore standing aside until the market shows a clear path as to its next direction.

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Today's Trades

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Today's Trades

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Indiscipline & Overconfidence Will Kill any Account

I have been very undisciplined lately and traded against my rules and suffered several consecutive losses that has set me back quite a bit. I went back to the drawing board to review what I did wrong and make necessary corrections. I discovered my lack of respect for the market and it handed me a good punishment too.

I did take some counter trend trades at the beginning of the week but refused to do that in my live account as I want to avoid CT trades for now, and build my account back to par and profit.

I should commence live trade again from the Asian session tonight and will post my winning and losing trades.

George

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EURUSD Short

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Euro & Cable Charts

This is for you my friend

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EURGBP Short Trade

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EURJPY & GBPJPY Short Trades

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AUDJPY Short (Gap) Trade

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EURUSD Short

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GBPJPY Short

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CSM Spreadsheet Signal Trade Closed

Trade closed for about 10 pips as we lack momentum and unable to close below the 200MA for almost 2 hours now. Daily target is 25 - 50 pips, so this is contribution :-)

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CSM Spreadsheet Signals

CSM Spreadsheet signals around 12.15 am PST, and I'm short USDCHF from 9289

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CADCHF Trade

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Re: CSM Spreadsheet Signal

GBPNZD Trade - the spread does not matter when you are trading strength and weakness in forex.

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Relative Currency Strength Signals

Signals during the Asian session - screen shot around 10.20 pm EST

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Relative Currency Strength Signals

This is the current position as at 3.30 am EST with signals in 4 pairs

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Redefining the Way Currency Strength is Calculated

We are redefining the way currency strength is determined and testing this new tool we just developed in the course of the week, and will be going live to beta test the signals from Monday, February 13, 2012. There is nothing new under the sun, anything you see is just an improvement of the old!!! Traders should think outside the box and get innovative.

Above is a screen shot of the CSM signals and relative strength just prior to market close today, February 10, 2012.

Good trading friends.

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Current Trades

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GU Trade

Happy New Year - good health, prosperity and peace to all. Sold GU on failed attempts to close above 5670 and expecting possible retest of prior low if it can continue to break few supports on its way down.

Good trading to all

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