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5/10 without clear rules on stops and profit targets you can clearly see that price behavior continued to move lower thus stopping you out on several occassions. 5/12 is a repeat of the 10th. you could have easily used sigma or even BB bands to point that out. what entry and exit rules go...

nah, i dont usually follow the nikkei. however, from what i gather the nikkei will follow the dow jones. i base that assumption on the fact the U.S. is a world leader and that foreign interest in the U.S. make it vulnerable to U.S. mkt price fluctuations.

Actually you are wrong. 1. you can calculate BANDS off of the close or a MA. 2. your pictures only proved my point that the bands do often meet along with price per your charts. 3. sigma bands can be calculated along with any other standard deviation interval based off of any data point...

eggressive, i believe Baruchs system has evolved somewhat since the inception of this journal. however you will note that the original indicators that are posted on page 1 of this thread still have some merit when used in conjunction with other rules and other indicators. in order to build your...

whenever i decide to purchase a fine luxury car i DO get the opportunity to 'testdrive' it first without any obligation on my part. now why would a car dealer allow such a thing? because the car sales itself! they know that if i'm in the mkt for a luxury automobile that all they have to do is...

it should be pointed out that what you are offering is no different than the following: 1. sigma bands 2. bollinger bands 3. keltner bands 4. pivot points 5. standard volatilty bands (varible standard diviation) when used correctly they all have simular semitry and can be calculated...

eggressive, the problem with MACD is that it is not very effective when used solely as a moving average crossover system. You will find that the MACD Crossover method will leave you with many a whipsaw during congestion phases. MACD is best used as a 'momentum' indicator when overlayed as a...

meet the gang at the pub below. http://www.elitetrader.com/vb/showthread.php?s=&threadid=29553&perpage=6&pagenumber=193

Big charts: yes because you get the microview on the possible turning points. eco new: i don't play those most of the time. i will wait and trade after the news is released. Now for some observations Based on the 4hr chart for usd/jpy: buy usd/jpy @ 114.56 & 114.98 sell usd/jpy @...

i use it to see where we are in the current daily bar trend. it is a good timing mechanism for entries and exits. i tend to shoot for 20-30 pip profit targets and risk between 30-50 pips. i don't have alot of time to watch the mkt so i use the O.C.O. orders and let the platform do all the...

Baruch, i have heard that the 4 hour chart is a composite of world markets consisting of U.S. Japan Europe and Asia. as the saying goes it is supposed to represent when each one of these enters into the market in thier respective time zones, if you look at the 4 hr chart it will show you a...

Baruch, I have noticed some key points in the FX mkt that is not consistant in the E-mini's: the intraday chop is more constant and the breakout trends more mature. have you considered trading the 4 hr charts and looking at taking fewer pips out with greater size? just a thought.

Baruch i have grown rather fond of your journal. would you mind if i posted some of my observations regarding the FX markets? i figured that rather than starting a journal on the subject it is better to find a good journal and join it.

i agree Sam, i think he should still ban the offenders though. all of the arguing and bickering has been sickening. atleast delete all of the personal attacks and harassing post. just my 2 cents.

Thanks Baron, I am extremely grateful.:) There is hope for ET yet folks!

the only downside is that the ignore function doesn't do the trick. the moderators need to pull the plug on these people and Baron should step up to the plate and enforce the rules. I don't like being pursued by a psychopath who is apparently hearing voices and thinks that everybody is T-REX in...

Baron, i think you need to add Bruto Blukowski to your list. he is beginning to be quite a nuisance and quite frankly i have grown weary of him bringing me into his angry rampage. p.s. Baron i thought you had rules regarding harassment on this site? yet you allow Bruto Blukowski to...

you obviously have a problem with T-REX. DON'T INCLUDE ME IN YOUR PERSONAL SQUABLES! Just because I stood up for the guy do not involve me in your continued personal attacks against T-REX. both you and T-REX can take a long walk off a short cliff for all i care.

i do not think that 'just anybody' can call the market on a consistent basis. if it were that easy 90+% of all traders would not be losers.:(

i already cover this topic of the mkt's current measurements this morning. however i agree that basing ones analysis solely on the 200 MA is a huge mistake. the ES is about 500 points off its high but is only a little more than 300 points off its low if i were a bull here i would not be...