Morning Market Analysis - Critical information for the U.S. trading day - General

The London Open

Dan007 · 2008-05-13T09:53:48.0000000Z

Good morning I trust you are all well,,, I have decided to move charting packages recently to MT4 and i have to say what a package. I only use a Demo account here at the moment, as i trade elsewhere, but it is free and its worth a sneeky look. You can overlap longer term MA's and CCI's on shorter time frames, which makes charts so much easier to read... A little about myself... I've been trading for quite a while now and after trading in London and Hong Kong, i decided to leave and setup on my own. Its a lot different trading your own cash but when you crack a winning formula it can be very profiatble as you all know...I now enjoy living in Europe and this gives me the lifestyle i desire... Take a look at a few of my setups. Today has been good and of course i am a realist, this doesn't happen everyday but i stick to my rules and only jump in when the trades come to me. I will be posting here most days after the london open... Well it looks like rates will remain on hold for now. Possible 0.25% cut by the end of year.. Tough decision for MPC as inflation is No1 priority... Quiet london session but took GBPJPY and USDJPY down to support levels . 60min shows me the trade and the 15min gets me in on cross of CCI's. Still in both as often when announcements come out the main trend continues... I will come back later and talk about my strategy. Take care Dan007

Dan007 2008.09.25 06:32 #791

Ahh patience is key... Knew CRUDE looked heavy...

Ok we are now boxed in and there will be support around the figure so be careful.

D

Dan007 2008.09.25 06:41 #792

On CRUDE the 4hr 20ma is key on the 60min chart...If that breaks then a trade could be on...

Dan007 2008.09.25 06:45 #793

CABLE and EURUSD both looking strong...Be careful of the monthly pivot on CABLE..

Not jumping into anything at mom but thats just me.

Dan007 2008.09.25 06:51 #794

Hi

A few guys were asking about my skype address...Its DanArmitage007.

Cheers

D

Dan007 2008.09.25 07:33 #795

Argg one of those days...Been distracted this am and missed a couple.

Gold should have been taken but missed it on the 5min..Little 123...

CABLE broke the R1 and should have got into that.

Oh well... Would have been a lot easier to have talked u through this, than write it all.

Speak later

D

ADX, RSI & ATR MoonKing System (MKS) mt5 strategy tester ticks

barry1 2008.09.25 08:02 #796

Hi Dan, The morning chat was brilliant !

Thanks for your recent posts on here though. I find your morning analysis really useful.

[Deleted] 2008.09.25 08:11 #797

I was watching cable move up thru R1 but saw the CCI252 above the 100 level so I left well alone. The charts you've posted on this thread lately are textbook CCI252 crosses so that's a big thing for me. Is there any particular time when you're happy to go in at +/- 100 levels?

On another matter my focus used to sharpen considerably when I was in negative pip territory and slacken when I was up. Result: Break Even. Following your 50 Cent rap the other day my mindset has now shifted to 50 as break even. It's early days but the difference is stark. Much more disciplined. Feels right.

Thanks.

School of Pimpology Mr.Nims, Renko Ashi Scalping Move Stop to Break

Dan007 2008.09.25 08:12 #798

There crude goes..lovely

Dan007 2008.09.25 08:18 #799

Arhhhh my triple top..Never lets me down. No greed and in and out.

130 pips in the pip bank and happy after a quiet day.

I love CRUDE!!!

D

Files:

crude5min.gif 55 kb

crude5minb.gif 57 kb

Dan007 2008.09.25 08:29 #800

This should fall a lot further but got to do other things...laters

The London Open - page 80