Big cojones needed to take countertrend trades

BO System? Here is "The Italian jOB"

Personally I use 200 ema as a filter.

BO System? Here is "The Italian jOB"

Remember there is one respected person within this forum confident of 1.30'ish by Monday night.

The similarity system

sugarman - I compared my charts to yours. Just the usual difference you get between different broker feeds. You have more instances of >90 than I do.

BO System? Here is "The Italian jOB"

Your stochastic lines looks very smooth compared to standard one on mt4.

BO System? Here is "The Italian jOB"

Well not that tight a stop loss - I like to give trades room to breathe.

The similarity system

Wow that was nice - had a pending order to sell at 78.

The similarity system

Just a friendly warning to those not here in England about the Scottish Independence vote tomorrow. I'd be very wary about trading FTSE and GBP pairs - lot of money to be made if you get it right but opposite equally true.

The similarity system

Seems 15 area difficult to break at the moment.

The similarity system

If it's 14 on an M1 chart then it would be 70 on and M5 and 210 on an M15.

Trading is as simple as ABCD

What I would say to newbies and viewers/lurkers is obviously to read the thread although not all (myself included) will fully understand all the ramifications. There are however a lot of good posters on this thread who have grasped "the system" ...

The similarity system

Hey ephisi - that 1.2920 was a great call.

The similarity system

Yep I missed it as well but there will be other opportunities.

The similarity system

Yes - market doesn't like that poll over the weekend indicating a Scotland YES vote.

Trading is as simple as ABCD

aahmad - I would have the same question. I would probably use some sort of filter (200 MA for example) or check that H1 and H4 candle colours agreed.

The Compounding System

vlady - read that you had a chance to see Cloggie trading live. That must have been an education - that guy is a legend.

The similarity system

vlady - as soon as I see the name Cloggie then I know it's a gem.

The similarity system

vlady - a 267 ema !!! - That's a new one on me but hey if it works for you then why not. Trouble is you can pick any number you like and put it on a chart and you will find support and resistance at some points. Obviously 50 and 200 more so as they ...

The similarity system

Clive - a question please regarding your time frame and trend combo. So m15 with your 100 Heiken Ashi LWMA and you recommend hourly trend. But the HA LWMA is your trend indi so do you use a 100 HA LWMA H1 setting for that ?

Trading is as simple as ABCD

Read on another FF thread that GBPUSD has only traded down 3 months consecutively 4 times in the last 21 years. Might be food for thought in terms of probabilities or maybe in terms of this system the odds are good enough.

The similarity system