Trading The Bars

Vicky,

I Have Milked The Market Enough Today, So Much So I Got Tired........I Had Put A Trade In The Evening For You......Mr & Mrs. Smith......

You Missed The Cream.....My Dear Friend

Will Talk To You Later About Transfer

SavantGarde

Capital spreads are a web based spread betting company. You would be requiring Metatrader 4 to get that.

Yep, different TF, you would be getting a definite idea once you have MT4.

Thanks Savant for your inputs. Couple of more questions.

1) I do not see zigzag indicator with my charts from capitalspreads. Are you trading using any software such as amibroker?
2) Are we looking at specific time frame where we monitor the price movements at different times?
2)

Hi Shivraja,

Vicky Gave You Reply About ZZ, If Your Spread Betting Doesn't Offer Then I Suggest You Open A Demo Account, Download MT4, Set It Up, & Use The Chart There To Trade Your Spreads

TF Is Dependent On The Time Of Day, Typically On A Single Pair I Go Through From 1 Min Upto 60 Min. TF, It Is Entirely Dependent On Market Conditions & Timings As And When Other Markets Open...When Other Markets Are About To Open....Volatility Increases Therefore I Reduce The TF To 1 Min For Some Pairs & While Some Others Are @ 5 Min. Maximum & 15 Min. When Volatility Increases...& Slowly Increase The TF As It Subsides...

Happy & Safer Trading

SavantGarde

Vicky,

Change The Settings Of BB To 30,2 & 1 Hr. Chart EUR/JPY Short @ 137.50-137.64.

AUD/JPY Short Around 78.95

GBP/USD You Can Short It Even Now, Or On Any Upside From Present Levels.

USD/JPY Is Somewhere In The Middle With Bullish Crossover, But Will Prove To Be A Trap Line, Meaning Any Upside Should Get Shorted, But Needs Monitoring, If You Can't & Then Don't Trade USDJPY Cross....OK

Enjoy !!!!!!

Happy & Safer Trading

SavantGarde

Savant Sir

I am on EUR/JPY 1 Hr. I cant see why to short @ 137.50 - 137.64? Is it due to the BB cross ?

Thanks Savant. I have started to use the ITFX trader (link given by you in earlier posts) and it looks great for now.

I started with USDJPY in 1HR TF. I see that today we had a sharp fall after the europe open. The price pierced 30,2 BB and continued to break a few more times. Moved sideways till US open. After the US open, the price starts to rise up slowly.

Whereas yesterday there was a big big move after US open.

I realised few things in the process
1) I do not understand zigzag indicator.
2) I do not understand what constitutes a bullish crossover/bearish crossover.
3) The reco you gave few hours back on long USDJPY is still doing gr8. No idea which crossover you were referring and in which TF.

Thanks for all the help and pls help clarify.

Vicky,

Watch What Happens @ 137.50 It Is A Strong Resistance Therefore Gave You .14 Leeway, It Should Come Down From This Are Below The Middle BB
At The Moment Upper Wick Is The Only Thing That Has Touched The BB

SavantGarde

Ah,got it.

But, doesnt that then permeates the need of BB and other indis??

GBP/USD pegged at around 1.6588, correct ?