Busy Day Tomorrow

[GammaJammer]

	Quote:	Jocelyn
	Anna-Maria reckons real money (asset mngrs) $ buyers started sniffing earlier as prices backed off the highs. Time to sell $$'s again then huh

Well real money would likely be buying dollars at the lows and selling at the highs today. Sort of day when they're more likely to be re-balancing than adjusting genuine alpha positions imho. And as the US pension funds are dominant, that means they're likely a good chunk of the dollar buying this morning.

That said, there were some overlay players out there on the break above 00 in eurusd I hear, just not in numbers.

GJ

[GammaJammer]

	Quote:	Jocelyn
	I don’t really like the look of that EU/AUD long Gamma. Those prev 2 daily bars are angry looking critters. Seems like they want to see the color of those underside stops to me. I’d prefer to see a little higher low block building (at least via the 15/30m) exercise going on with that pair before committing, but that’s just me. That’s a nasty looking hourly descent there don’t you think?

Can't fault your logic. I am however an inveterate contrarian for a start, so that does tend to colour my view (sometimes for better, sometimes for worse). In any case, having thought about it, AUD/CHF seemed a better way to play it.

But totally agree with you still about the need for constructive price action before you jump in. Otherwise, who the hell cares in this market that you sudenly said that you have this view or that view. I'm not gonna send out a reccomendation and it's suddenly gonna be a talking point across London and NY There are people out there like that (Medley, FX Concepts, CitiTechs etc etc) but I'm sure as sh*t not one of 'em.

GJ

[Sledge]

	Quote:	Jocelyn
	Let you in on a little secret. I got 3 maybe 4 hardline technical set ups - period. To be honest anyone could make a very good living off 2 if you use them correctly. We got friends & family who sit at home with a 3-4 screen combo...couple Grade A set ups & their favorite handful of pairs. They spend most of their time sitting on their hands. Couple times during the week along comes a sweet little thang & they hop on it. If it dies, they get the hell out & wait for the next one. If it don't, they run the son of a bitch as long as they can & hop off again. It's mostly 60 & 240m template signals with a 15m for picking off the cherries.

Ok- How much do I have to pay for the keys to the secret?

	Quote:	Jocelyn
	The chair is irrelevant. It's what you do when you're sat in that counts, & that chair can be in any place you like

Fair enough! I want my butt into that seat. I think I'm getting there and growing every day. I have been posting here in the thread and have been learning daily from all the far more skilled minds! Just hoping the window washer will get here soon- I can see the world of potential- but the glass is still a little bit dirty
Aaron

[Jocelyn]

	Quote:	GammaJammer
	Otherwise, who the hell cares in this market that you sudenly said that you have this view or that view. There are people out there like that (Medley, FX Concepts, CitiTechs etc etc) but I'm sure as sh*t not one of 'em.

I like your balance!!

Views are only as good as the money layed down to back them. I'm damned if I'll allow a view to cloud my Jimmy Choo money anymore. I've been slapped too many goddamn times out there to be fussed bout proving how accurate I can call a level.

Leave that to the smart faces & those who get paid a salary come what may

[wasp]

	Quote:	Jocelyn
	Let you in on a little secret. I got 3 maybe 4 hardline technical set ups - period. To be honest anyone could make a very good living off 2 if you use them correctly. We got friends & family who sit at home with a 3-4 screen combo...couple Grade A set ups & their favorite handful of pairs.

Glad to hear I'm not the only one like that, despite my little display earlier getting scuppered by the 162 level!

I find reading all this from you guys and galls and now GJ too fascinating but I find with just my trusty laptop and a 240m with a 60m chart, concentrating on just a selection of markets that move (Damn you eurjpy today!) is a viable little setup. I only look for certain setups and criteria and it certainly pays the bills...

	Quote:	Jocelyn
	They spend most of their time sitting on their hands. Couple times during the week along comes a sweet little thang & they hop on it. If it dies, they get the hell out & wait for the next one. If it don't, they run the son of a bitch as long as they can & hop off again. It's mostly 60 & 240m template signals with a 15m for picking off the cherries.

That's it in a nutshell I think. Simple, sweet, short and sharp. In and out and picking the cherries. Cut them losses and wait the next opp.

	Quote:	Jocelyn
	The chair is irrelevant. It's what you do when you're sat in that counts, & that chair can be in any place you like

I find a hammock works well!

	Quote:	Jocelyn
	Like our Poppa often reminds us: "in this business less often = more"

How do you think you all would do if you had none of the extras you do? Just a chart and the TV for company....?!

[Jocelyn]

	Quote:	Sledge
	Ok- How much do I have to pay for the keys to the secret?

There are no secrets out there sweety, no holy grail buckets full of magical "9 from 10 winners" or any other snake oil tid bits either. Everything gets re-gurgitated if you sit & wait long enough

Most of the regular ticket returns out there are so simple & basic they'd knock you over with a feather, they really would.

Here you go look - here’s that lil darlin I mentioned back up the thread. Jimmy got this sexy little mover off a buddy of his & it’s surprising how often it comes into play during a typical week. We keep a screen running with a few of the heavier average daily range pairs flickering away all week drilled down on a 15m frame with this set up in situ.

Couple of my buddies who play p/t from home have batted it around for ages.

As price begins sniffing a supply or demand, minor supp-resist or range extreme, whatever, someone here will take a glance & see what’s occurring.

Usually, it’ll register a potential (early bird) signal, which if the level is a particularly juicy cherry, can be actioned. Sometimes it will act as a feeder stake (to be jobbed at), other times as a stand-alone possie.

The principle can be utilized across the complete range of timeframes.

Basically, you’re looking for a bar to close outside the upper/lower Bollinger edge. The next bar requires to close inside & your trigger bar is the one which registers the Cci above/below the 100 line to leg you in.

You can look for divergence to add a little flavor & if you know the mechanics of Bollinger Band observation, you can use it to leg you into breakouts & compound entries via the mid band bounce.

Anyhow there she is. If you were expecting some mysterious & magical previously unheard of pip collecting one arm bandit, then you're gonna be awful disappointed

Use it or can it.

[wasp]

	Quote:	Sledge
	Ok- How much do I have to pay for the keys to the secret?

Keep an eye on my journal, there will be plenty of simple and unbelievably basic price based setups in there, anyone can knock 'em out!

[Sledge]

	Quote:	Jocelyn
	There are no secrets out there sweety, no holy grail buckets full of magical "9 from 10 winners" or any other snake oil tid bits either. Everything gets re-gurgitated if you sit & wait long enough Most of the regular ticket returns out there are so simple & basic they'd knock you over with a feather, they really would. Here you go look - here’s that lil darlin I mentioned back up the thread. Jimmy got this sexy little mover off a buddy of his & it’s surprising how often it comes into play during a typical week. We keep a screen running with a few of the heavier average daily range pairs flickering away all week drilled down on a 15m frame with this set up in situ. Couple of my buddies who play p/t from home have batted it around for ages. As price begins sniffing a supply or demand, minor supp-resist or range extreme, whatever, someone here will take a glance & see what’s occurring. Usually, it’ll register a potential (early bird) signal, which if the level is a particularly juicy cherry, can be actioned. Sometimes it will act as a feeder stake (to be jobbed at), other times as a stand-alone possie. The principle can be utilized across the complete range of timeframes. Basically, you’re looking for a bar to close outside the upper/lower Bollinger edge. The next bar requires to close inside & your trigger bar is the one which registers the Cci above/below the 1