Magpie Trader
Tuesday, August 30, 2005
Monday 29/08/05 * 2
Cable long 1.8034 SL 1.8013, TP 1.8075
Ok Monday rule broken, but for good reasons with strong signals. The US session is now under way, the predicted low for the day has held, there's a price TL break and CCI TL break on the 30 min chart. I don't think it's going to the stars today, so half profits are set to be taken at 1.8075, with SL being moved at 20 pip profit.
Off to bed so will see in the morning
Ok Monday rule broken, but for good reasons with strong signals. The US session is now under way, the predicted low for the day has held, there's a price TL break and CCI TL break on the 30 min chart. I don't think it's going to the stars today, so half profits are set to be taken at 1.8075, with SL being moved at 20 pip profit.
Off to bed so will see in the morning
// posted by Magpie @ 1:23 am 
Comments:
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hello,
thanks for your wonderful and interesting post,
please I will appreciate if you explain to me your trading style of using CCI, which time frames do uses and the CCI period you use in each time frame. the tips you use to determine entry and exit
regards
mike
thanks for your wonderful and interesting post,
please I will appreciate if you explain to me your trading style of using CCI, which time frames do uses and the CCI period you use in each time frame. the tips you use to determine entry and exit
regards
mike
Hi Mike,
well as you can see from the result things don't right all the time, but as as signals go the analysis was right, however if I'd been awake the failure at the pivot at 1.8045 would have been a harbinger of a move south.
well as you can see from the result things don't right all the time, but as as signals go the analysis was right, however if I'd been awake the failure at the pivot at 1.8045 would have been a harbinger of a move south.
Sorry Mike, I forgot to mention the CCI stuff. If you go to the WoodiesCCI link on this blog and download his system, I use the signals he does as part of my system, but on higher time frames (15mins+) for more 'thrust', i.e. the moves are greater than at the lower TFs.
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