RandyCandles - Information - page 51

[turbs]

radatats:
Hey bro,

Just wanted to reply to your trade questions. As to your trade, look back to my rules and I specifically said to trade WITH the osc, not against it. Very important. In order to trade against it, you must drop down one time frame and reapply all the rules.

I am attaching a screen shot of what you should have been looking for today. Also, I don't know if you actually use your charts zoomed in that far but I suggest you back out at least one. It gives you a better picture of what is going on.

I may start another thread for my system because it really is different to the Randy Candles and I don't want to get people mixed up. I will post for all if I do.

Thanks for making the effort to explain dude. Really appreciate it.

Just want to make dead sure - when you say trade WITH the oscillator, you simply mean that when I wanna go long, I gotta make sure the osc is ABOVE zero, right?

Plus, yeah I think it would be a wise idea to create a new method for your thread.

[summitfx]

The sun will sweep away the sky from the current twilight and all tracks will become clear beyond the dawn!

[Raverstyletim]

here was my 10 pip trade. shoulda went for the fib line but got out at +10 pips. you never go broke taking profit

[Raverstyletim]

has eur/jpy captured all the flair and big movements as gbp/jpy but with half the spread? do we have a new leader?

[summitfx]

I like to trade the emini's during the last 1/2 hour.....

[Brunite]

summitfx:
My work day begins at 6am mtn time with the EurJpy chart. I spend a few minutes reviewing the charts of the usdjpy, eurusd and the eurjpy starting with the daily, 4 hour, 1 hour down to the 15 and 5 min. I then review the upcoming news events to determine what may have an affect on my trading. Many morning there is a 6:30 report to consider. I never trade the news and wait 5-15 minutes for a trend to develop after the news. I also have a minor bias in my mind about where I think the pair is going based on where it's been etc..

I use a color change red to white-white to red as my alert and then drill down to the indicators to get confirmation. When I enter a trade I know exactly where my stop loss is - usually based on 5 min support and resistance. I also trade 5-8 standard lots so I'm looking for 10 -12 pips once or twice a day and that's it-

Finished~ If I fail to make my goal I will usually look at the Asian open for another whack at it using the same pre-game rituals. Occasionally, I stay up for the GrandDaddy of them all and trade the London open but that is rare.

I'm convinced that trading is about 80 % mental and the other is knowledge and luck. It's a game of averages. Win some lose some-use good money management techniques and pay yourself often.

Vegas is probably developing good skills but lacks 78.99% of the 80%

confidence level needed to be successful.

My chart shows- green vertical lines 6am to 7:30 am- my workday. The red line horizontal shows a short and the green horizontal shows my long. With 4 pips for spread on each trade, I walked away with a net 18 pips today.

That's my 2cents worth and I'm sticking with it.

Good Luck

Nice summary of your trading plan.......gives everyone something to think about.

[summitfx]

Not at all, as the Dow dropped a 100 points late in the day, the gbpjpy dropped a 100 pips.

I'm using those greenies stochs (major) and the smaller stochs as entry points. do you see it?

Nice work Raver~

[summitfx]

Not surprisingly, the 100 day ma (red) is capping the rallies on the eurjpy

[summitfx]

The gbpusd is bouncing between the 50ma and the 10ma.

Try plotting a 10, 20 50,89,100,200 sma on a daily chart and observe

I heard BIG money trades using these simple ma, most likely with Robots

I think I should shut the f*ck up and go do something else..sorry for analyzing my charts outloud..maybe it helped a noobie tho

[itguy]

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