RCS Signals As At 7.55 am PST

A picture is said to be worth a thousand words - the RCS Spreadsheet Signal saves from wrong trades and helps to concentrate on the pairs that really matter. Can you imagine how the traders trying to short or long the Euro fared today? Frustrating will be a mild word, as you can not trade two strong or weak currencies and expect any major move.

DISCLAIMER
Please read the disclaimer on the home page

Trade Setups I Posted for My Friends

This was what I posted on Forex Factory this morning:


We have a lot of pairs trading at supply and demand levels including the Euro and Cable but I find the attached setups interesting:

1. CHFJPY - H4 pinbar & regular divergence @ supply zone
2. CADJPY - M30 regular divergence @ demand level, with a possible engulfing outside bar on the H4 TF hinting of a potential good run on this trade.

Good trading to all

Shalom, and God bless

George

CHFJPY was never triggered but CADJPY is up about 100 pips since my posting.

DISCLAIMER
Please read the disclaimer on the home page

Trade Setups Posted for My Friends

A picture is worth a thousand words!!! Textbook perfect setup on the EURCAD around London open. Swap/Pole plus divergence with engulfing candle equal pips - powerful setup but I missed it as I was no show yesterday.

Possible H4 Bullish Flag in the Euro that I highlighted for my friends yesterday

Another potential trade I highlighted for my friends yesterday


Aussie retested previous low @ 1.0195 and broke next demand level, and we now have regular bullish divergence on M15 to H1 hinting of the possibility of price bouncing from this level. If price however drops further, a possible support at the next demand level @ 1.0165 may be inevitable where we would likely have a double bottom.

I am therefore watching to buy break of 1.0234 (if the 1.0184 low is maintained) with stop few pips below this Asian low @ 1.0179. 1st PT is the pole @ 1.0329 and if price continues upward, then 1.0404 to 1.0473 are 2nd & 3rd possible PTs.

Just speculating, and you should do your homework and research too.

Another potential trade I highlighted for my friends yesterday

EURAUD is a runner and worthy of attention. This chart has some similarities to the Aussie chart posted earlier. Watch for confirmation of possible reversal with divergence at supply level. If you change to the H1 TF you will see that this pair has moved 350 pips without any correction and this is the 2nd divergence within the last 24 hours hinting of possible reversal.


DISCLAIMER
Please read the disclaimer on the home page

Possible Reversal Coming in the Euro

Closed both AU & EU trades for nice profits.

Euro is setting up for possible reversal with a pinbar at the bearish trendline on both H1 & H4. Watching for completion of pattern and follow through before considering possible short trade.

DISCLAIMER
Please read the disclaimer on the home page

Today's Trade

Kiwi trade from Friday closed for 34 pips

DISCLAIMER
Please read the disclaimer on the home page

Friday, Sept 28 Trade

Kiwi trade on failure at the supply level and targeting the next demand level

DISCLAIMER
Please read the disclaimer on the home page

Trading Result for Sept 21

Forgot to add my trade from last Friday, Sept 21 as I added supply and demand levels to my trading arsenal.

DISCLAIMER
Please read the disclaimer on the home page

My Trades for Today

Trading is not an easy business, but if we continue to try and never give up, we will eventually make it. As we fall we must rise again and pick the pieces and learn from our failures, and get to work again.

Thomas Paine once said, "the harder the conflict, the more glorious the triumph. What we obtain too cheap, we esteem too lightly; it is dearest only that gives everything its value. I love the man that can smile in trouble, that can gather strength from distress and grow brave by reflection. It's the business of little minds to shrink; but he whose heart is firm, and whose conscience approves his conduct, will pursue his principles unto death."

I am still working on finding a less stressful but effective and easier way to trading while consistently making 25 - 50 pips per day, and I think I finally found it. A trading system must be dynamic so we can change to the different market conditions and still be able to come out on top. Parallel and inverse currency analysis is the key - trading strong against weak currencies.

Good trading to all

George

DISCLAIMER

Please read the disclaimer on the home page

RCS SS Signal @ 8.30 pm PST

DISCLAIMER
Please read the disclaimer on the home page

RCS SS Signal Around 3 am PST

DISCLAIMER
Please read the disclaimer on the home page

RCS Signals 90 Minutes into Lndn Open

DISCLAIMER
Please read the disclaimer on the home page

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.

DISCLAIMER
Please read the disclaimer on the home page

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

DISCLAIMER
Please read the disclaimer on the home page

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

DISCLAIMER
Please read the disclaimer on the home page

What a Day for Movers and Laggers!!!

DISCLAIMER
Please read the disclaimer on the home page

Movers and Laggers as at 7 am PST

DISCLAIMER
Please read the disclaimer on the home page

Movers and Laggers as at 7 am PST

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

DISCLAIMER
Please read the disclaimer on the home page

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

DISCLAIMER
Please read the disclaimer on the home page

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.

DISCLAIMER
Please read the disclaimer on the home page

Movers & Laggers in Today's Market

DISCLAIMER
Please read the disclaimer on the home page

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)

DISCLAIMER
Please read the disclaimer on the home page

RCS SS Signal(s) @ US Open

DISCLAIMER
Please read the disclaimer on the home page

RCS SS Signal(s) @ London Open

DISCLAIMER
Please read the disclaimer on the home page

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.

DISCLAIMER
Please read the disclaimer on the home page

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.

DISCLAIMER
Please read the disclaimer on the home page