ForexMorningTrade System

[3PO]

We are very close to the recent resistant zone (closer than our TP). I will skip today because I think a possible short is very unlikely to reach our TP.

 

[sapos]

Short, but oversold again! I don't think this system takes that into consideration.

 

[mike1booth]

We are very close to the recent resistant zone (closer than our TP). I will skip today because I think a possible short is very unlikely to reach our TP.

Should show a No Trade on the EA. Indicatiors are too far out.

 

[jabu99]

Short on Oanda

 

[mike1booth]

Short, but oversold again! I don't think this system takes that into consideration.

Yes it does. You should have a No trade signal

 

[wiseambitions]

Yes it does. You should have a No trade signal

It would be handy to know if our manager who has the best (no pun) broker is in a trade as well.
I notice mt4i.com where they measure FMT independently does show an open trade ATM
Good luck guys

 

[sapos]

Yes it does. You should have a No trade signal

​

Not accordinging to ava fx! Anyway, I'm skipping this today.

 

[michaelsa]

Morning All,

Short FXDD, EA Live.

Following the rules, however I think we have sold into support- never a clever idea 🙂.

Will reread the manual this weekend to see why some people are saying today should be a no trade.

M

 

[WhoDares]

I'm short as well. Demo so I will stay with it.

 

[wiseambitions]

I'm short as well. Demo so I will stay with it.

You dont have to be particularly brave to do such risky things on a demo

3 hours into this trade. It seems to be moving down at last. FMT indcators have never crossed the lines upwards since the trade opened, and that gives me confidence

I think it has every chance of touching yesterday's low again, in which case it would give us TP

Hold your hats on guys

 

[WhoDares]

I konw what you are saying, but I use Ichimoku 30 mins screen and it is bumping up to the cloud but can't penetrate. There was a crossover earlier in the morning so it looks like it will either stall or go down.

 

[jimpees]

dont like the smell of this one, i'm out.

happy weekend guys.

 

[WhoDares]

Yea, on the way up so out as well. Once it passed the Kinjun Sen too risky.

 

[podberry]

Guess the writing was on the wall with that trade, SL hit -45

 

[andybissell]

SL -38.

FMT Account: £865 (-13.5%)

 

[Slurpeeforex]

Fast FMT: +10

FMT: -40

EFMT: -38

Total: Fast FMT -50, FMT -66, EFMT -94

 

[hammy66]

FMT for me this morning:

6:15 start, short signal, hit SL -45 pips (45-35-25-5)
6:30 start, short signal, hit SL -45 pips (45-35-25-5)
6:45 start, short signal, hit BE +0 pips (35-25-15-0)
7:15 start, short signal, hit BE +0 pips (35-25-15-0)

total today -90 pips...

weekly total -45 pips ...

 

[RedGuerrilla]

Stats for 06-16-2011



Live Accounts:

FMT 4.3, EA standard settings: 45 SL, 25 BE, +5 BE, 35 TP
6:15 UK Time, FXSolutions..., Short/Profit......., +35.0, Stats since 11-08-2010: Total= -21.0
6:15 UK Time, IBFX.........., Short/Profit......., +35.7, Stats since 01-04-2011: Total= +194.0
6:15 UK Time, PFG Best......, Short/Break Even..., +4.7, Stats since 03-01-2011: Total= -46.5




Demo Accounts:

FMT 4.3, EA standard settings: 45 SL, 25 BE, +5 BE, 35 TP
6:15 UK Time, PFG Best......, Short/Break Even..., +4.9, Stats since 02-01-2011: Total= +368.7
6:15 UK Time, FXCM.........., Short/Break Even..., +5.0, Stats since 02-01-2011: Total= +336.8
6:15 UK Time, Alpari(US)...., Short/Break Even..., +5.0, Stats since 02-01-2011: Total= +340.1
6:15 UK Time, FXDD.........., Short/Profit......., +36.2, Stats since 02-01-2011: Total= +346.3



Notes:

All pip totals include slippage
FXSolutions is the only dealing desk broker

 

[motneen]

Yes it does. You should have a No trade signal

how do you know when it is oversold?

 

[leoaloha]

Looking at the Daily Ichimoku Hinko Hyo;
the GPBUSD
1) broke under the uptrend line from ~May 21st, 2010 as of two days ago
2) Is in a great triangle from ~Mar 29, 2011
3) Price is under the "KUMO UP" cloud
4) The up cloud is narrowing and ready to twist to bearish in 28 days
5) The triangle apex is 8 days out from the kumo twist
6) The Chinkou Span is under price and ready to come under cloud
7) The T-sen and K-Sen are both under cloud
8) The T-Sen and K-Sen just crossed bearish in Bear territory ( =Strong Signal)

I don't know about you but I see a long bearish ride coming. Any short I see coming in the FMT I'm going to leave on.