Looks like a valid setup will be in place at the close of the 3am GMT bar if the bar remains bearish.

TSF Mavin

TSF ribbon is almost convinced the market is really going down. To some of you that will seem pretty funny as the market has been streaking down for at least a couple of hours now. I say, so what. My method isn't designed to be the first to win. ...

TSF Mavin

TSF ribbon is not yet sold on the dive in price that we are currently seeing. Like most indicators it lags. If you are trying to be fist out the gate it usually isn't the greatest tool. It is looking for safer bets. It remains poised to signal a buy ...

TSF Mavin

14 January 2010 As I anticipated a long meandering path to profit today. The setup came on a breakout bar (2:30 am), which is usually either a blessing because the trend continues quickly, or keeps you on the edge of your seat as the market got ...

TSF Mavin

Finally got our win!

TSF Mavin

The order filled not long after it was placed. However price had a difficult time surmounting the near resistance in the 149.45 area. It has now retraced but I'm still in. Sometimes these pull backs after price stalls can be a good thing, and I hope ...

TSF Mavin

Pending buy stop order in place at 149.51. Waiting for afollow on move to enter or for a new qualifying bar to move orders to a better entry.

TSF Mavin

Still waiting and watching. Notice though that we have obvious higher lows and a few higher highs (30 min chart). Also note the slight upward tilt in the 20 EMA. Put those with the TSF Ribbon being above the 20 EMA and I'd say things are trying to ...

TSF Mavin

Could be a slow start today. TSF Ribbon is oriented to indicate a bias to a bearis move. But it is positioned fully above the 20EMA, which indicates a bullish bias. Lack of agreement causes the biases to cancel each other. It will take a very strong ...

TSF Mavin

Blast from the past. 11 December 2009

TSF Mavin

13 January 2010 -- The chart for today's action. A pretty straight forward trade that didn't linger too long. We almost got a signal right out of the starting blocks, but the 12:30 am bar faded half way through its period and took a dive. Followed ...

TSF Mavin

TSF Mavin successfully reached take profit during the 4:30am bar. More later.

TSF Mavin

TSF Mavin completed a fully qualified bar at the close of the 2am GMT bar, allowing us to place a buy stop order at one pip above the close. However the bar closed at the high so we look to get in where we can if the bar moves up at least one pip ...

TSF Mavin

Thanks TipTop. Pips to you! Off to work I go... Hi ho, Hi ho...

TSF Mavin

Another blast from the past. 10 December 2009. This was a losing trade. It was also a British Pound rate adjustment anouncement day. By the strict rules, one should not be trading on the day of the anouncement. However, since that day doesn't ...

TSF Mavin

12 January 2010. A fairly long wait after the pending order (sell stop) was placed before it filled. But the trade follow through to the take profit was very fast. Nice. Our reasonable 20 pip take profit exists because of days like this. Many times ...

TSF Mavin

Wow, price is moving faster than I can type. No sooner entered than it moves on to take profit. I'll post the days chart when I wake. Another successful TSF Mavin trade.

TSF Mavin

Price returns to the TSF Mavin indicated earlier trend.... and just in time. Had the previous bar closed bullish we would have had a complete reverse. Instead, price has zoomed down to fill our order. Now we wait for follow through to take profit, ...

TSF Mavin

Now we see price moving more rapidly away from the sell order. The 20 EMA is beginning to trend up and our TSF Ribbon is beginning to adjust to the move. We are still a ways from confirming a trend reverse into a run with the bulls. Unless price ...

TSF Mavin

Price is teasing us... It is sneaking away from our order. And that is okay. Before price breaks in an ultimate direction it often gives a head fake. This bullish drift could be capped with a jerk up, and then a streak down. In that case our sell ...

TSF Mavin