JCL's Forex: Forex Trading Life

Wednesday, June 24, 2009

JCL's Forex: Forex Trading Life

Posted: 24 Jun 2009 08:16 AM PDT

Good morning, last night when we entered the usd/jpy drop-in, i went short on the gbp/jpy as a discretionary trade. the 15 minute showed overbought on the 34,3,3 slow Stoch. i took 70 pips or so when the gbp/jpy de-coupled from the usd/jpy and showed a buy according the 15 rules. so i punched the take-profit button and reversed into a buy on the gbp/jpy. that was with the true trend direction. it went off like a rocket and made a new high, when the slow Stoch showed overbought at nearly 100 on the scale. once the candle overlapped, i closed that one. i like it.!....so, the secret to me is your candle overlap rule....that's huge in this trading logic.

I have always held that the price movements we see are not market driven....but manipulated.....but if that was so, the market operators could give us bad whipsaws so that the 15 minute candles exceeded each other all the time....then the 15 minute would be chaos. I'm happy to see that possibly the market is truly public. of course the 4 hour chart (called the dealer chart) could be influenced by the big boys, but that would mean that for some reason they leave the 15 minute charts untouched.? you discovered the "first overlap" of the candle system....how they stair step without overlapping. I'm afraid to let this information out!! LOL..really, i won't post or tell anyone on a forum about it. but you have the "need to know" i suppose the 4 hour systems churn out just as many pips, but the 15 minute is the pulse of the market , maybe?...

Also, i have 7 filters for the 15 minute system I've casually noticed, but they real "individual call" type things like taking the second bump on the slow Stoch. I'm really liking this, can ya tell?,....ha ha talk to ya later Rex

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