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Today March 6 2007 European Session: (Live EUR/US Futures) Update Trade 1 1. 10:15 AM (131.21). Price above 36 SMA? (yes) Long? (Yes) 2. Next news at 11:00 AM EUR EUR GDP q/q (r) and EUR Retail Sales m/m 3. M2 BB hit? (yes) M2 RSI oversold? (yes) Daily pivot hit? (No)...

Today March 6 2007 European Session: (Live EUR/US Futures) Trade 1 1. 9:30 AM (131.34). Price above 36 SMA? (yes) Long? (Yes) 2. Next news at 11:00 AM EUR EUR GDP q/q (r) and EUR Retail Sales m/m 3. M2 BB hit? (No) M2 RSI oversold? (No) Daily pivot hit? (yes). Strong Resistance...

9:00 AM Gmt +1 The prediction was right... last night 1 long in the Australian opening and 3 longs during the peak japanese hours...

As expected chop the last 4 hours. if there is not a massive rally at US close, I still keep my upside bias for the japanese open.... jjrvat

I personally find trading the news very difficult. I think its the closest thing to gambling ... but of course some people make a living of that (do they?). I agree of what you said. Its true most people are attracted to quick and large profits and they dont pay attention at what the news...

Actually, you have a good point. For me, one of the most difficult parts of trading was determining the timeframes (What its short, intermediate and long). Only one timeframe and you get hit by a change in the longer trend ... two many timeframes and you paralyze because you dont know what...

I dont. I dont trade right after the news (thats short term for me). I just wait the news to determine the direction of the trend. I wait to the fundamentals behind the news to settle down and only make a trade after I confirm all the steps in my system. This process can take hours (thats...

Fed Governor Warsh Comments left me with an upside short term bias for the japanese open at 2:00 AM ... but just feelings. For me i will just wait for tomorrow european opening. jjrvat

Thank you datamerc !!!

19:00 GMT +1. London and Europe closed. St. Louis Fed President Poole mixed comments (17:00) US entering choppy lunch time at least until Fed Governor Warsh Speaks (20:00). Close the day with a profit of 16 pips in two trades in the morning and 8 pips in one trade in the afternoon...

M2. 5 WMA cross back 8 wma at 17:16 at 131.17 also 8 pips profit

Exact Entry M2 Trade 3

Today US Session: 1. 14:30. Price Below 36 SMA? (yes) Long? (Yes). MACD divergence. 2. Wait for news to confirm continuation or reversal 3. 16:00. ISM Non-Manufacturing Index (54.3) and ISM Non-Manufacturing Prices (53.8). Both less than expected. Stronger Euro? (Yes) Long? Yes. Wait...

Or you could have waited for 5 wma to cross back 8wma at 13:58 (130.95 with 16 pips profit)

European Session: Trade 2 1. 13:30. Price Below 36 SMA? (yes) Short? (Yes) 2. 13:34. Price 131.11. Entry M2 BB hit? (yes). M2 RSI overbought? (yes) Daily pivot hit? (Yes**) Below S3 Sell 1 contract 4. 13:44. Price 131.03 Exit Buy 1 contract. 8 pips profit. jjrvat

Or you could have waited for 5 wma to cross back 8wma at 11:14 (131.33 with 15 pips profit)

Today European Session: Trade 1 1. 9:30 AM. Price Below 36 SMA? (yes) Short? (Yes) 2. 10:00 AM EUR German Services PMI (57.2) and EUR Services PMI (57.5) Both less than expected. Stronger dollar? (Yes) Short? Yes. Wait for entry setup. 3. 10:52. Price 131.48. Entry M2 BB hit...

To explain the system in detail I will use today chart to point exists and entry points. In the future I will try to call the trades live.

Technical: 1. Chart M10 for direction a. SMA36 b. MACD (12,9,26) for divergences c. Daily Pivots for S/R levels 2. Chart M2 for entry a. Bollinger Bands (22) b. RSI 7 for oversold or overbought 3. Chart M2 for exit (optional) a. WMA 8 b. WMA 5...

Hi everyone, In a couple of weeks I’m going to start trading with this system in a small live account. Before that I decided to post some trades for any comments, suggestions, etc. I will try to explain each trade in detail. Any constructive feedback is welcome !!! (Sorry for any...