Forex

A strategy that just worked twice for me was threw the commodity Chanel's. I have this as an indicator for range trading and off a one min chart or even a 5 but one is more now. Good way to buy the dips and sell the tops in the range. One more flow indication is off the USD/JPY when the yen rallies the EUR rallies against the USD. Check it out is 99.99% accurate today any way. Use boath at the same time.

I think, but I could be wrong, the big option players buy or sell in order to protect their options so that the price will be where their option expiries are at the time of expiry. They seem to have a lot of ammunition sometimes but I find that often they cannot prevent the market from moving on anyway. It's just my observations

Thanks for the tips on the dips Hetfield(LOL) I have been buying the EUR/USD since 5393 but I'm a little reluctant at this level 5640/80. I'm wondering if it will reverse at this level or continue to 5750. If the EUR pushes through 5750 it should rally nice to the top.

Since its Oil, Gold etc that drives the markets {All markets} using the commodity Chanel's along with RSI to tell when over bought and sold works great. Ive been testing the waves on the channel in relation to the EW analyst AT and stryker post and there all in line fairly close. The thing about the commodity channels is you need good clear up and down strokes. If you look at the side ways action right now you'll notice the channels are short and choppy but still the bid and ask follow sink to a tee! Just not enough to get past the offer to profit yet. This would indicate accumulation for either direction when the channels start moving again. Long short? It is all relitive to how the market demand for the comodities is at the time.
The relationship between the pips on both pairs work in unicen so buy the President and Vise in diferant currancies takes the spot light off to regular fold who dont understand that its realy the same investment oportunity.LOL The chanels are oppening up better go take a peek and look for a dip or somthing.

on what bars do you use the RSI? m5 m7 h1 h4?

Im at the moment looking at the little picture 1min. The 15min says were still in an up trend and the one min lets me see instant bars for evaluation for {scalping} the recent short from 42-27 small but keeps me occupied. I only use med size for me possitions unless theres a break out and then i quickly add.

Right now we tipped 70 on the 1min twice! I hat that but the comodity channel is ranging high and will go down more. When it does the RSI will be 70 or higher and when you see the channel bar start slipping the price will to.

The only indicators im useing are CCI 14,RSI, BB,and moving average. I also have the USD/JPY right beside the EUR/USD dealing rates. The JPY trades oposite directions to the EUR. Sometimes the JPY gives me the indication first because that pair is a little closer tyed to the CCI Japan vs Europe for trade. Can ya see the movments correlating together? Best off a 1min. Not the way to make a big dessision trade but OK for killing time waiting for bigger news events. you get to know them quite personaly this way to!

Hi Everyone,

I have a five up count on the hourly charts as of right now at the high (1.5750) . Going short here against the old high of 1.59. The dollar is either going to bottom around here or just collapse. I'll risk the 150 points against the old high.

Btw, still holding the old short from 1.59. Did not get out at the bottom of the drop.

I think, in 30min EUR/USD chart wave 5 completed.
It should retrace below 1.56 (to the bottom of 4. wave).
Retrace of EUR/USD like EUR/JPY would not be surprice to me.

That's what I have on the hourly too. In fact, a .382 from the bottom (1.5340) to today's high gives exactly the wave 4 1.56 target at a minimum