AUDJPY Short

We're on to a good start to the week with this quick AJ short. Risk already covered and in a free ride with 20 pips. Thank You Jesus

Shalom

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Faithful to the End

When I'm feeling afraid
Full of uncertainty
When the plans that I've made
All fall apart
When the future's unclear
And all that I can do is wait
There is a promise
Echoing in my heart

Chorus
He will be faithful to the end
He will provide time and time again
He will be faithful
So faithful to the end
He will be there when all else fades
His love is stronger than my pain
He will be faithful
So faithful to the end

There is grace I can't measure
Mercy I don't deserve
There's forgiveness that's endless for me
Oh what a blessed assurance
To know how deeply I'm loved
And I'm always reminded
That He will be all I need


Our choir sang this wonderful song in church today and I was very inspired, encouraged, and blessed. I feel led to share, and hope you're blessed too. God is faithful ALL the time.

Shalom

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EURJPY Short 2

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EURJPY Short

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AUDJPY Long (CT)

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USDJPY Short

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GBPJPY Short

The AUDJPY was not cooperating as it seem to be consolidating before making up its mind, so I checked other JPY pairs and found the GBPJPY interesting and decided to test the waters within the MA channels. Again, I am not greedy and just take what the market gives me, and thank Mr. Market :-)

Thank You Jesus

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AUDJPY Trades

No need to be greedy - take what the market gives, and bail. These were CT trades and the market is now resuming its uptrend but I'm standing aside for break of the day's high, then I can enter, otherwise I will sell the failure again. The cheetah is watching and waiting.

Psalm 19
1 The heavens declare the glory of God; and the firmament sheweth his handywork.
2 Day unto day uttereth speech, and night unto night sheweth knowledge.
3 There is no speech nor language, where their voice is not heard.
4 Their line is gone out through all the earth, and their words to the end of the world. In them hath he set a tabernacle for the sun,
5 Which is as a bridegroom coming out of his chamber, and rejoiceth as a strong man to run a race.
6 His going forth is from the end of the heaven, and his circuit unto the ends of it: and there is nothing hid from the heat thereof.

Thank You Jesus

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Aussie Short

Like a cheetah, had my eyes and alert on the Aussie and break of 9397, and went to bed. Alarm rings and I woke up, looked at the chart and hit the sell button without hesitation but left so much on the table. Pip is pip :-) and pair moving again

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The Cheetah as the fastest Animal in the World

Although the cheetah is the fastest animal in the world and can catch any animal on the plains, it will wait until it is absolutely sure it can catch its prey. It may hide in the bush for a week, waiting for just the right moment. It will wait for a baby antelope, and not just any baby antelope, preferably one that is sick or lame. Only then, where there is no chance it can lose it's prey, does it attack. That, to me, is the epitome of professional trading. - Mark Weinstein.

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The Shortest Distance

The shortest distance between a problem and a solution is the distance between your knees and the floor. The one who kneels to the Lord can stand up to anything. If your problem is bigger than your GOD, then you are serving the wrong God. Remember that, knees that bend don't shake!

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RCS SS Signals

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Euro Short

Stop moved to BE, and eventually stopped out for about 4 pips

Re-entered short when price continued its down move and stop brought to BE within few minutes. Trade closed for about 20 pips

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RCS SS Signals Around 830 AM PST

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Aussie Short

Stop already moved to breakeven

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Cable Short

Gave the market about 30 minutes to settle down and waited for a pullback before taking this short. Trade now in safe zone.

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Cable Trade - Stop to BE

Stop moved to break even for free trade, and I'm done for the day.

I use the H1/H4 TFs as my bellwether and strategy is to look for setups on the M15 TF and enter on the M1 TF, which therefore allows for very tight stop. Sometimes I get stopped out quick at BE but overall, I have made more pips and reduced losing trades to less than 10% which is my goal and money management style. I believe that if we protect capital, we will be here to trade another day. If I get stopped out and the setup is still intact, I re-enter the trade.

I don't need to trade every day as a 25 pips daily average on a full size account should pay the bill. Remember, slow and steady wins the race - we are not competing against anybody but ourselves. Think about it. The day I realized I did not need to trade daily was the day I started making consistent pips in the market. I wait for my specific setup and trade it. If it is not there, I stand down as I know it may not be there every day but when it is, a 50 - 150 pips is possible, and therefore need only 7 - 10 days of a good setup to make my monthly target. So why the stress or getting emotionally charged with every trade!!!

I hope this helps one trader out there.

Shalom, and God bless

George

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Cable Short

I am looking for a possible re-test of 5000, and at worst the opening price level @ the yellow line.

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RCS SS Signal

Euro also gave a buy signal but has since pulled back, and I closed my long for about 10 pips as it was a CT trade.

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Euro Long

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Euro Short Trade

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Cable Scout Trade

Quick scout trade before ADP report, and hoping this can continue down, and if not trade is already secured .

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Cable Trade

Another quick trade on the ISM Non Manufacturing PMI news release with very tight stop.


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Aussie Trade

Quick Aussie rate announcement trade :-) Trade closed @ 1.02363

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RCS Signals in the Early London Session

Current best signals in the early London session

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GBPCAD Long Trade for 53P in 17 Minutes

I usually don't trade the news but seeing the CAD weak against most of the other currencies, especially the balls at the top of the meter, I was constrained to consider trading it against the strongest currency, GBP. And the result was 53 pips in 17 minutes with a 13 pip risk and trailed by 20 pips. Not bad for a day's job since I slept through the London session.

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Aussie Long & Short Trades

One major lesson I have learnt from using the currency strength meter to manage my trades is that when a trade is entered on the basis of its reading/signal and there is no momentum to the trade, close it within 15 - 30 minutes unless there is room to bring the trade to break even. Why?!! Because we have lost the edge that brought us into the trade in the first place. And this was why I closed the Aussie long almost at break even, and I was right as CPI report was below expectation and traders reacted negatively but I was long gone before then.

I'm off for a snooze and will be back for the London session.

Good trading to all

Shalom, and God bless

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Relative Currency Strength Signal - US Session

Few hours into the US session, this is the status of the currency strength as Euro is temporarily dethroned

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Relative Currency Strength Signal

It is about 2 hours to London open and Euro continues to assert itself as the dominant currency!!! Will this continue through the London and U.S. sessions? We'll wait for the market decide. Going for a snooze and will try to be back for the London session, otherwise few minutes before the U.S. open.

Good trading to all

Shalom, and God bless

George

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Trade Plan for January 10, 2013

Time is 10.49 pm PST and this is my trading plan for tomorrow, and will set price alerts as appropriate. I review the plan every one hour or 4 hours for better price placement on further retracement of my focus pairs.

Good trading to all

Shalom

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NZDUSD Short Update

Closed trade for about 10 pips when I noticed problem @ 8350 where the bullish trendline and half number met on the M15 TF and similar occurrence also on the H1 TF with the 72MA right under the half number; and no surprise when price bounced off this level. It was a CT trade and was promptly laid to rest before it could do any damage.

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NZDUSD Short

I'm short this guy and going back to bed - let the market decide. Price just moved as I was typing and moving stop to BE + 1 for a free trade.

Shalom

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CHFJPY Short

The beauty of trading is that you don't need to trade every day. Identify the structure and patterns to trading, watch the setups and play the breakout of support and resistance levels. There are 22 working/trading days in the month and you only need 5 - 10 setups to make your pay for the month. So it don't matter whether you miss one or two trades, just keep your focus and stop chasing trades - let the trades come to you. Be prepared and trade with excellence; and when you make your target don't be greedy, take a break and spend time with your loved ones and create time for your Maker and fellowship with Him too.

Shalom and good trading to all

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Cable Short

Couldn't resist this short in the Cable with stop now moved to BE + 3 pips.

Trade now closed @ 6207 for 20 pips with bounce off 6200 RN and H1 72MA. Will wait for retest of the M15 200MA for re-entry during the London session.

Good trading to all

Shalom


George


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Euro CT Short

Good start to the New Year

This 2nd chart was the Euro short I couldn't resist as the trading day and year 2012 was winding down

Happy New Year to all, and wishing you a very prosperous trading year by the grace of God.

I closed 2012 on a good note and have started 2013 on a sound note too.

Shalom

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Closing Trades for the Week

My closing trades for the week and probably the year but if I see another opportunity(s) on Monday, the sniper in me may still act, otherwise happy New Year in advance to all and see you in 2013 by the special grace of God.

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The Week Has Started - RCS Alerts @ Lndn Open

The JPY pairs broke out to the down side with EJ & CHJ being the best while others only moved because of the JPY strength except the GJ which is also weak. This is can be further confirmed by looking at the EU, UCH & GU where we also have signals to sell the EU & buy the UCH. These signals are not as strong as the JPY signals but equally good because they are in line with the EUR & CHF weakness and downtrend.

We have no signal to sell the GU because the GBP is not as weak as the EUR & CHF but also in a downtrend. The advantage of the RCS Spreadsheet Signal Alerts is that it narrows down the focus pairs to trade without any human emotions. All a trader does is to confirm whether it is trending, consolidating or trading sideways and take your decision.

Happy trading for the week.

Shalom, and God bless

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GBPUSD Trade

Potential trade I shared with my friends this morning, about an hour to London close on Forex Factory. Trade is about 50 pips in profit. The EURCAD trade I also posted has moved about 50 pips too.

Good trading to all.

Cheers, and God bless

George

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Potential Trade Setup

A potential trade is setting up @ this supply zone - several confluences to confirm a possible great trade - double top @ swap level; pinbar and divergence.

Do your home work and good trading

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RCS Spreadsheet Signal As At 2 am PST

The spreadsheet as usual helps narrow down the pairs to focus on, while highlighting possible trades that may be brewing in another one or two pairs.

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RCS SS Signal At London Open

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Thoughts & Prayers

Our thoughts and prayers with traders in the path of Sandy for divine protection and God's keeping power.

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RCS SS Signal Alerts As At 3.30 am PST

Alerts generated 40 - 60 pips between the EU & EJ short within 45 minutes

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Potential Trade for the Next Session

Will be looking at the RCS SS Signal(s) to confirm either to go long on break of 1.0365 or short on break of 1.0331 and use the opposite order as stop. Possible targets are marked and will go to higher TFs for possible buy profit targets.

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Possible Trades from Today`s Alerts

The RCS SS Signal alerts and charts speak for themselves

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