Seem to be a Reversal or Rest Day After the Big Move from Last Week

Just fishing:
Took this trade based purely on JPY weakness, and unlike the UJ that had 2 resistance points (YH + R1), this had only the R1 to break. I chose to close it immediately due to this resistance point since I was just fishing and will wait for proper retest and break before entering again.

We seem to be in either a reversal or rest day after the big move from last week, and will stand aside to see what happens prior to the start of the US session. What I like about my system is that I will not be in wrong trade as all my potential trades were not triggered; even though I may miss some reversal trade(s). The system will definitely reset within the next one or two sessions. The test continues.

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Revised Trade Plan for 7/15/2013

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II Kings 3:17-18 "For thus saith the Lord, Ye shall not see wind, neither shall ye see rain

Just read this devotion and was blessed. Trust you are blessed and encouraged as we commence a new week.

II Kings 3:17-18 "For thus saith the Lord, Ye shall not see wind, neither shall ye see rain; yet that valley shall be filled with water, that ye may drink, both ye and your cattle..and this is but a light thing in the sight of the Lord.."

To human reason, what God was promising here, seemed impossible..but nothing is too difficult for God. Without a sound..and without any signs..and from a source seemingly invisible and impossible, the water flowed the entire night..and the next morning, there it was..the land was filled with water..and the sun was shining on that water!

Our unbelief is always desiring some outward sign..and the faith of some seems to be based more on sensationalism than anything else. Some are not convinced of the genuineness of God's promises without some visible manifestation. The Israelites watched the parting of the Red Sea, and yet still doubted...and spent 40 years making an 11 day journey. The greatest triumph of a person's faith is simply "to be still........to be Still.......to be....STILL.....and KNOW that He is God."

As we step out in faith, in whatever situation we are in..and without seeing or hearing any sign or any sound..we take our first steps into the water..and we watch as incredibly as it is, those waters begin to divide. Continuing to march ahead, we see a path opening up for us in the midst of the sea that could normally cover our heads.

A.B. Simpson wrote, "Whenever I have seen God's wondrous work in the case of some miraculous healing, or some extraordinary deliverance by His providence, the thing that has always impressed me most was the absolute quietness in which it was done. I have also been impressed by the absence of anything sensational and dramatic, and the utter sense of my own uselessness as I stood in the presence of this mighty God, realizing how easy this all was for Him, without any help from me".

When God speaks to us in a situation, our role is to simply take Him at His word..obey quickly when asked to..and then be still. In the story above, the people were asked to "make this valley full of ditches". They did so, and then were still...as the water came pouring in from God's supernatural source to fill them. What a lesson for our faith!

May the Lord grant each of us the faith that acts "BY faith..and not by sight"..and may we expect to see Him work..even when we see no wind or rain.

Taken in part from Streams in the Desert

POSTED BY JUDY

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Sample of Trading Plan for 7/12/2013

This is a sample of what Friday, July 12th trading plan looks like. I have just pasted some of the inputs into the final decision, and the bar chart below confirms prices at 10.02 pm PST (2 hours to Lndn open) when the screen shot used for my analysis was taken. All 4 trades worked out nicely. This is a new system I just developed and testing.

Trading Plan for Monday posted earlier is based on market close, and will be reassessed and new plan prepared just before Lndn open and posted here.

Shalom, and nice week end to all

God bless

George

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Trade Plan for 7/15/2013

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Have Faith in God

Have faith in God when your pathway is lonely.
He sees and knows all the way you have trod;
Never alone are the least of His children;
Have faith in God, have faith in God.

Chorus
Have faith in God, He’s on His throne,
Have faith in God, He watches over His own;
He cannot fail, He must prevail,
Have faith in God, Have faith in God.

Have faith in God when your prayers are unanswered,
Your earnest plea He will never forget;
Wait on the Lord, trust His word and be patient,
Have faith in God. He’ll answer yet.

Have faith in God in your pain and your sorrow,
His heart is touched with your grief and despair;
Cast all your cares and your burdens upon Him,
And leave them there, oh, leave them there.

Have faith in God though all else fail about you;
Have faith in God, He provides for His own:
He cannot fail though all kingdoms shall perish.
He rules. He reigns upon His throne.

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EJ Short

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The Indispensible Man

The Indispensible Man

Sometimes when you're feeling important
Sometimes when your ego's in bloom
Sometimes when you take it for granted
You're the best qualified man in the room

Sometimes when you think that your going
Would leave an unfillable hole
Just follow these simple instructions
And see how it humbles your soul

Take a bucket and fill with water
Put your hands in it up to your wrist
Pull them out and the hole that remains
Is the measure of how you'll be missed

You can splash as you need when you enter
You can stir up the water galore
But stop and you find in a minute 
That it looks, just the same as before

The moral of this quite simple
Do just the best that you can
Be proud of yourself but remember
There is no indispensible man


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Cable Short

Cable short for quick 10 pip

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THIS IS JUST WHAT HEAVEN MEANS TO ME

A COUNTRY WHERE NO TWILIGHT SHADOWS DEEPEN
UNENDING DAY WHERE NIGHT WILL NEVER BE
A CITY WHERE NO STORMS WILL EVER GATHER
OH THIS IS JUST WHAT HEAVEN MEANS TO ME

CHORUS:
WHAT WILL IT BE WHEN WE GET OVER YONDER
AND JOIN THE THRONE UPON THE GLASSY SEA
WE'LL JOIN OUR LOVED ONES AND CROWN CHRIST FOREVER
OH THIS IS JUST WHAT HEAVEN MEANS TO ME

A PLACE WHERE THERE IS NO MISUNDERSTANDING
AND FROM ALL ENMITY AND STRIFE WE'RE FREE
NO UNKIND WORDS TO WOUND THE HEART ARE SPOKEN
NOW THIS IS JUST WHAT HEAVEN MEANS TO ME.

AND WHEN AT LAST WE SEE THE FACE OF JESUS
BEFORE HIS IMAGE OTHER LOVES ALL FLEE
AND WHEN THEY CROWN HIM LORD OF ALL I'LL BE THERE
FOR THIS IS JUST WHAT HEAVEN MEANS TO ME


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GBPJPY Long Trade

A quick 10 pip trade

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AUDUSD Short

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GBPUSD Short

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GBPJPY Short

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GBPJPY Long Trade

Trade closed for 11 pips

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I’VE GOT SO MUCH TO THANK HIM FOR

WHEN I LOOK AROUND AND SEE
THE GOOD THINGS HE DOES FOR ME
I KNOW I’M UNWORTHY OF THEM ALL
BUT HIS BLESSINGS HE FREELY GIVES
I OWE MY LIFE TO HIM
I’VE GOT SO MUCH TO THANK HIM FOR.

CHORUS:
AND I’VE GOT SO MUCH TO THANK HIM FOR
SO MUCH TO PRAISE HIM FOR
WELL YOU SEE NOW HE HAS BEEN SO GOOD TO ME
AND WHEN I THINK OF WHAT HE’S DONE
AND WHERE HE BROUGHT ME FROM
I’VE GOT SO MUCH TO THANK HIM FOR

AND SOMETIMES WHILE ON THIS WAY
I KNEEL AND I STOP AND SAY
LORD THANK YOU FOR ALL YOU’VE DONE FOR ME
AND ONE DAY I’LL REACH HEAVENS SHORE
OH PLEASE LET ME KNEEL ONCE MORE
I’VE GOT SO MUCH TO THANK YOU FOR


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What God hath not Promised

God hath not promised skies always blue,
Flower-strewn pathways all our lives through;
God hath not promised sun without rain,
Joy without sorrow, peace without pain.

Chorus
But God hath promised strength for the day,
Rest for the labor, light for the way,
Grace for the trials, help from above,
Unfailing sympathy, undying love.

God hath not promised we shall not know
Toil and temptation, trouble and woe;
He hath not told us we shall not bear
Many a burden, many a care.

God hath not promised smooth roads and wide,
Swift, easy travel, needing no guide;
Never a mountain, rocky and steep,
Never a river, turbid and deep.


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God Is Still on the Throne

Have you started for glory and Heaven?
Have you left this old world far behind?
In your heart is the Comforter dwelling?
Can you say, Praise the Lord, He is mine?
Have the ones that once walked on the highway
Gone back, and you seem all alone?
Keep your eyes on the prize, for the home in the skies;
God is still on the throne.

Refrain
God is still on the throne,
And He will remember His own;
Tho’ trials may press us and burdens distress us,
He never will leave us alone;
God is still on the throne,
He never forsaketh His own;
His promise is true, He will not forget you,
God is still on the throne.

Burdened soul, is your heart growing weary
With the toil and the heat of the day?
Does it seem that your path is more thorny
As you journey along on life’s way?
Go away and in secret before Him
Tell your grief to the Savior alone;
He will lighten your care, for He still answers prayer;
God is still on the throne.

Refrain

You may live in a tent or a cottage,
Unnoticed by those who pass by;
But a mansion for you He is building
In that beautiful city on high;
It will outshine the wealth and the splendor
Of the richest on earth we have known;
He’s the architect true, and He’s building for you;
God is still on the throne.

Refrain

He is coming again, is the promise
To disciples when He went away;
In like manner as He has gone from you,
You will see Him returning some day;
Does His tarrying cause you to wonder,
Does it seem He’s forgotten His own?
His promise is true, He is coming for you;
God is still on the throne.

Refrain

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GBPJPY Short

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GBPJPY Short

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Deuteronomy 8:10-18

Deuteronomy 8
10 When thou hast eaten and art full, then thou shalt bless the Lord thy God for the good land which he hath given thee.
11 Beware that thou forget not the Lord thy God, in not keeping his commandments, and his judgments, and his statutes, which I command thee this day:
12 Lest when thou hast eaten and art full, and hast built goodly houses, and dwelt therein;
13 And when thy herds and thy flocks multiply, and thy silver and thy gold is multiplied, and all that thou hast is multiplied;
14 Then thine heart be lifted up, and thou forget the Lord thy God, which brought thee forth out of the land of Egypt, from the house of bondage;
15 Who led thee through that great and terrible wilderness, wherein were fiery serpents, and scorpions, and drought, where there was no water; who brought thee forth water out of the rock of flint;
16 Who fed thee in the wilderness with manna, which thy fathers knew not, that he might humble thee, and that he might prove thee, to do thee good at thy latter end;
17 And thou say in thine heart, My power and the might of mine hand hath gotten me this wealth.
18 But thou shalt remember the Lord thy God: for it is he that giveth thee power to get wealth, that he may establish his covenant which he sware unto thy fathers, as it is this day.

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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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