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I was marking up a chart, but it was rather detailed and taking me forever to make it all nice and pretty. I almost just made a 5 min video to save me some time instead of asking all the questions on the chart
Since the post I made discussing my troubles a few weeks ago, lately I've been having some really good days!
Euro has been very bearish since my morning (GMT+1), and I got some 24 ticks Target 1 (2 contracts) and 25 ticks Target 2 (2 contracts) profits (see here and here).
1. Thursday is the ECB rate decision followed by a much more important news conference at 7:30 cst by Trichet of the ECB. I suggest you do not trade before or during that news conference, for those who have been with me for awhile you may remeber what happened last month. Trichet's comments will rock the Euro, be very careful during this time
2. Friday is non farm payrolls in the U S again I suggest you do not trade in front of this announcement, the mkt will be very choppy before it. Be careful after the news - there is an ole wise tale that the 1st move on the news is usually the wrong way
Charles, i have just finished viewing your lattest video and i must tell it with more than a simple thanks that what you did in this thread is above average performance and sharing. Your system is sound, simple and relatively easy to trade. It's worth more than many of the systems that are sold at high price and too difficult to really master. Although the setups are not abundant a trader can easily adjust the size of each trade accordingly. A potential of $1000/week using 1 contract is realistic in my opinion. Someone that would need more would just need to trade more contracts instead of changing system to get more opportunities. I sincerely hope you'll win the contest.
1st these yellow lines you refer to are not S&R lines they are the location of the Whole round #'s as in 1.4100, 1.4200 ect... which are respected and rejected very often
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