Forex rebates on every trade - win or lose!

I have had a look at the logic of the Solar Winds indicator. There is not much to it, but extremely fascinating.

It would appear to be detecting changes in momentum based upon fibonacci levels calculated over a 10 period range. Which probably explains why it is such a good leading indicator.

If anybody wants to try out Solar Winds and the FX_Snipers_T3_CCI indicator you can download them from my web site (Metaquotes language files) :

Solar Winds
FX_Snipers_T3_CCI

Qwento, that's a great post. Fascinating reading and a really good insight into how you trade. It's obvious you've put a lot of work into this so to share it with us is extremely kind and generous. I've printed this out and spent all weekend reading it through.

I have stopped trading stocks altogether (although I'm still investing) and have looked at the Fx bootcamp videos myself and liked the idea of aiming for 10 pips a day. As you say, a fraction of some of the daily moves.

The Solar winds indicator seems to work really well after big moves. If you'd asked me to consider an indicator with this name I'd have rubbished it - the very name sounds too ridiculous!

Anyway, you've obviously gone into this in great depth and I've enjoyed your post. Thanks.

Appreciate your input, qwento.

Looked at bootcamp a while back - and I still look in on forexbastards, which as you know, promotes trading Forex on fundamentals (Felix trading the news and all that). This isn't dissimilar to what I used to do, which was trading breakouts - albeit trading the chart on the news ;)

Please do keep posting stuff.

Personally, I haven't traded much since cable got past 2.0130.
It's a combination of waiting to see where the market's really heading and taking a backseat until I've had a bit of surgery in a few weeks' time.
Same difference really :)

Well you sertainly nailed that inital rally to 2.0130 Choccy...

However I would be interested to hear anyones case for higher Cable ...back to 2.01 and beyond or fall to say 1.9550 area during the month of June...

I am long at the moment although not very profitably...

David, email sent. H

Test of 1.9900 for sure.. then 20 and 40 more resistance...

Qwento,

Interesting post, but I think that you're probably reading far too much into it. It's really very easy to make at least a couple of hundred pips each and every week from cable (and the other pairs for that matter) without the need to spend any money whatsoever on fancy equipment and chart setups. It's all there for free.

All you need is a bit of patience with your trades - it's far too stressful imo watching umpteen screens all the time. There's no need for it.

And everything you need to know has already been written on this thread.

Only 8000 or so posts :-)

But most of it keeps on being repeated in answer to various questions.

The repeats trim it down to about 500 posts, Seymour.

Thought I'd paste this. It's struggling to get it up, but the money has still got to be on it seeing 83.5 before 81, imo.

Well at 1.9920 its either turnback time and we will wake with it lower tomorrow am..or its $2 a charm again.

Well seems to be. Are we ready to see $2 cable again? ... and if so what will the catalyst be...any suggestions


9920-40 did indeed turn out to be a conjestion area although another go at 9950 should see us back at 2.0000. That seems an easier question than will it be a summer of over $2 or under it... 20-40 does feel more like a staging post than a destiniation....

Out of the longs now, D.

you know I still see a sprint at $2 on the cards

I may have been a bit premature. Took my signal from the 10-minute chart. I'll see what it's like in the morning now.

Must admit I had my sights set a little higher for a short, around 1.9975/80.
Never mind :)

ECB thingie tomorrow - and a close eye on 1.3560ish.

Cable does look a bit glass 1/2 empty atm but staying long unless / until the rising support line on my 8 hour chart from the start of the month is broken...

Like to give these things every chance...lol

stopped out...now flat...

Made some good pips from 1.9940 and 1.9935 shorts taken out earlier in the week. Closed out earlier at 1.9780 :)

That's me done until next week

Well done...miseed it myself....