CME Euro FX Futures 6E


Red, sorry ,i was already asleep when you posted!.. I haven't had much time to look at it, but the daily chart indicates 1.3826 coming. Cycles are not very clear.... here's a real short term peak (10 min chart).. id be buying anywhere around the lower prc band...
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Thanks Koolblue I took out 20 pips from 1.4220
Koolblue,

After watching the charts in live action I am noticing the PRC2 bands are not stationary on Ninja. In other words they move up and down after the current candle closes. I have noticed movements as much as 10+ticks. Is this normal and what do you do to figure in a slippage factor? Thanks for your help.

john
See how its done?...went long 2 at 1.4272 ,covered at 1.4278...
Originally posted by John14

Koolblue,

After watching the charts in live action I am noticing the PRC2 bands are not stationary on Ninja. In other words they move up and down after the current candle closes. I have noticed movements as much as 10+ticks. Is this normal and what do you do to figure in a slippage factor? Thanks for your help.

john
THATS WHAT YOU WANT!!! You want them to be self adjusting constantly ..therin lies their power!...In time you will get used to them and you'll see the beauty of fading a move when it surges past them!
in my opinion that's why you want to use them on 5min 30 min and 60+
Today for example around 6 am the 30 min showed a buy signal however, if you would have noticed the 5 minute chart, that was in play today. should you have taken the 30 min signal , you would have been severly punished. watching the right time frame is everything.. with that being said, if you would have used the 5 min charts that are inplay today.. you would have gained over 100 pts on the 6e
next good short is at 1.4190-92 area ...5 min initial move from 1.4147 to 1.4164(the 2.618)..next buy scalp 1.4132-35...the 1.4174 high (which was the 1.618 of the above!) to 1.4159 ...
the 1.4190-92 has of course been negated...
next stop 1.4105?...1.4330 high to 1.4244 low...
Koolblue,

Took 10 ticks here on the short. Thanks again for sharing the PRC Bands.

John atlanta
At $85 billion/month, it cost Bernanke a little over $1 million for each job created last month. Well done, professor. -Tim Knight