Risk is a no no in the current market and the carry trade (of the calibre that drove the trade until recently) is wayyyy up there in terms of risk.

Why is the Carry Trade DEAD?

Mate, my daily started out on a short move and moved to consolidation after I'ld done the post. Thats the problem with not using the same charts etc etc. I don't post on here often so we'll just leave it at that.

the key to the mint

Easy Harold. My eu/jp charts showing a short with sideways consolidation and Im testing a demo trade for momentum in such situations. If someone does not agree with the postings of others, then for heavens sakes, go with what you see and learn by ...

the key to the mint

Well, its consolidating short, but Ill see if theres a few pips to scoop up..mebbe not, mebbe.

the key to the mint

EU/JP short, GB/US long

the key to the mint

Harold, Ive set up RJOFX 's demo charts. Do you see any advantage in your time using this system with running IBFX as well?

the key to the mint

It might pay to trade the GMT session. The Asian session can be deceptively shallow but volatile at times.

the key to the mint

go against

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They drew together on mine (not quite crossed) and are now moving apart.

the key to the mint

Strength of momentum you mean. I've wondered about that. Surely if all three daily indicators line up and the preceding day's candle does not buck the trend, then surely one is more than likely in an hourly setup of minimal risk. I'm not trying to ...

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all my yesterdays candles are running contrary to todays though except for the one I identified. I'm using IBFX

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I've only got GB/CHF as a potential short trade today. Does everyone agree?

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Thanks Harold. And there was I waiting for the stoch to cross on the daily! Cretin.

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whoops..its an hourly. Doh! anyway, the above advice holds good, I think. If the daily is as I've outlined above, then apply the same rules to your hourly.

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syed, my pennies worth. the daily candle plus the preceding one is down on your chart...going short that is: so .....EMA's should be down. stoch should be down (not turning), RSI should be under 50 and you have a sell day. In other words, when the ...

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Here's my pennies worth syedks. There's no clear daily trend despite the down candles (both EMA's haven't crossed down) and the stoch is overbought. It's precisely the market I would avoid following Harold's logic.

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Looking at your mix, would it be fair to say that they are a combination of safe havens and gold in a time of risk aversion, with a potential to trend for the foreseeable future?

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Hi — What pairs are you guys currently with? Have you added to Harold's initial list? Risk aversion seems to be the flavour of the moment. Japan, Oz and NZ (all of Oceania it seems) equities are down at the moment. Nikkei is down 455 as I ...

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Hiya guys — I'm still on demo with Harold's system. It's not a reflection of any uncertainty with his method though. I've got beyond using the indicators as mere representatives of trend to detect strength of movement, nature of flow etc. I'm ...

the key to the mint

Hiya Guys — This is probably the best system for small guys like me I've found. I've steered well clear of tampering with it because it's so evidently perfect as it is. I find it works well for me trending in at the daily level and subtrending ...

the key to the mint