Mysticforex

Hi SunTrader! I recognize you from the "old days" on FF. Back then I was Mysticdiver.

I like the look of that. I have traded G/A from time to time, can be quite volatile

Maybe you could post a chart to illustrate what you mean.

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Just curious, what kind of spread do you have on EUR/USD, and GBP/JPY. And what is the commission ?

I have posted 6 setups so far. 3 went to profit, 3 did not open or I stood aside. No losers. There will eventually be losers, but with the R/R we were able to use you should make more than you lose. I started using this method about 5 years ago. It has proved to be dependable in just about all market conditions. It's not a Grand Slam, but I am able to eek some pips out of the market with it. Should I continue with a few more examples?, or am I beating a dead horse?

We've had 3 candles close above the 200 SMA... setup canceled.

Yes, it's called the Dodd/Frank Bill

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A man and a friend are playing golf one day at their local golf course. One of the guys is about to chip onto the green when he sees a long funeral procession on the road next to the course. He stops in mid-swing, takes off his golf cap, closes his eyes, and bows down in prayer. His friend says: “Wow, that is the most thoughtful and touching thing I have ever seen. You truly are a kind man.” The man then replies: “Yeah, well we were married 35 years.”

Ok, we are back to GBP/CHF. Price is close too, but below the 200 SMA, the stoch is overbought. If the trade opens with price below the 200 sma, S/L will go above the 200SMA. TP will be the next area of support @ 14850 making for very nice R/R.

To the best of my knowledge there are no brokers that allow hedging open to US residents. Oanda meets your requirements, except the hedging. You can get around that by opening a sub account. Residents of Puerto Rico and Guam do not have this restriction. If you can prove one of your parents or grand parents was born in Ireland, Italy, or Poland they will grant dual citizenry. You do not have to renounce US citizenry. I am sure there are other countries as well. Good Luck.

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BOJ has a Monetary Policy Statement scheduled today. Do you think BOJ will intervene in the near future to weaken the yen?

We also have a pending buy setup forming on USD/CAD. Though with Home Sales out in 20 minutes I might be inclined to stand aside if it opens during the news candle.

Looks like this will open soon. I intentionally did not post TP and S/L. Where would You put them?

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I don't follow a lot of pairs, 5 - 7 at most. None of them are in an uptrend, mostly downtrend. And I think we will see mostly short covering for the next few days. In any event we do have a setup on the A/U 1 HR.

A lawyer died. At the same moment, the Pope also died. They arrived at the gates of heaven at the same moment. They spend the day in orientation, and as they're getting their heavenly vestments, the Pope gets a plain white toga and wings, like everyone else, and the lawyer gets much finer apparel, made of gold thread, and Gucci shoes. Then, they get to see where they're going to stay. The Pope gets what everyone else gets, a replica of a Holiday Inn room, and the lawyer gets an 18 room manison with servants and a swimming pool. At dinnertime, the Pope receives the standard meal, a Manischewitz kosher TV dinner, and the lawyer receives a fine and tasty meal, served on silver platters. By this time, the lawyer is beginning to suspect that an error has been made, so he asks one of the angels in charge, "Has there been some kind of mistake? This guy was the Pope, and he gets what everyone else gets, and I'm just a lawyer and i'm getting the finest of everything?" The angel replied, "No mistake, sir. We've had lots of popes here, but you're the first lawyer we've ever had."

I am aware of them, and pay some attention when there is a new auction. But really plays no part in my trading. Do you think I am missing out on something ? Do you find any correlation to the Futures Markets ?

Am assuming the S/L is @ BE.

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The stoch has finally come down out of overbought, But, I don't like the look of the candle... Remember I said a NICE bearish candle. So, I stand aside on this one.

A Gubmnt that feels it has to protect me from myself.