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Old 01-24-2008, 10:02 AM
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torero torero is offline
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Re: Hello fellow "Traitors"

Try this one:

http://www.easy-forex.com/en/Forex.Charts.aspx


If I find more I'll post some more. But I'll give you an example, this morning, EURJPY went up from 155.00 to 156.6 (160 pips or ticks at $10 a tick), consolidated then started from 156.00 to 157.00, much pretty straight up. If you hold it a few hours, it was going in one direction. I use 100 tick charts so it's bit shorter timeframe than 5 min charts. But you get the idea.

One of the best things about this market is the ability to place trailing stops and letting it ride. I could have never done it with eminis. The move is usually wide enough for me to catch a nice one before the trailing stop stops me out. And to be honest, I used to never trade the news, but now I usually sit around and wait for the reaction and ride with it. I could never do that with eminis.

Here's an attachment of this morning's move. You can see the double bottom and double top, almost right on the mark. Make a counter-trend entry with a stop loss would work here because it stopped cold turkey. I shorted (the red bars) that stop with a tight stop and didn't hit it at all. Had it failed, I would have gone the other way no problem.
Attached Images
File Type: gif EURJPY.gif (10.9 KB, 14 views)

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Last edited by torero; 01-24-2008 at 10:11 AM.
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