The London Open

[FX Pimp]

Morning all.

Great to see so many of you doing well.
Please accept my apologies for 'tweaking' all the time, but with Dollar strength everywhere it's important to join the market conditions. As I said before the CCI's are the same setting, still 21's from different timeframes, but shuffled about onto different timeframes for a clearer view.

On to today. I do beleive that Friday may be upon us, am I right ??

This means there could be a lot of banks around the world closing-out dollar position prior to the weekend.
The only evidence I see right now is Crude. Once again having a good look at the 4hr 20ema.
The rate of descent has not been as aggressive as at first, the 4hr CCI has actually crossed to positive already indicating a little recovery might be on its way. Or at least some sideways action for a bit. The last time the 4hr CCI crossed into positive last week we saw som nice moves north of 500 pips or more.
No doubt bloom scooped the whole lot, our newfound dark-lord demon.

Gold is still struggling and failing to make higher highs on the 60m, BUT IF the the lord of darkness, Crude not Mr Bloom, can break the 4hr 20 and make some headway then the Gold-slide will stall.

Take a look at the currencies. Just shows how much the Dollar is coming back, but these are short-term overbought/oversold even on the Daily CCI's.
So I will not be playing continuation games.

Crude has made a little higher low on the 15m chart which is promising. This is the one thing I hate about intra day. Unless you actually stay in the trade there is always something holding me back when I see lots of red or green.
I really do reccommend trying to hold these trades first on the 60m then 4hr charts.

The only currency pair I would be interested in on a possible continuation would be little miss Jpy.
On the 5m looks like the Asians have had some fun.
Not overly interested in playing reversals but Euro if it can claw its way above S1 at 1.5255 could be a little play, but I didn't say that, as I only play WITH the trean.

Keep an eye on Crude.

[FX Pimp]

Just to let you know I won't be posting here any more. It seems like the audiance has dried up since Rockdrive went on holiday.

The numbers coming through the site itself are quite low by comparison too so I have opted to stick with here.
School of Pimpology - Forex Trading

There's loads of info on there and I post quite a lot of extra stuff on there too.

By all means moan and I will remain but talking to oneself doesn't really do it for me, whereas over on TSD I have had nearly 20,000 visitors in 3 weeks.

I'd like to thank Scorpion and Rollinstone and Rockdrice and Rockwelland FarmerBob and Tony Hill and Spitfire and Jeremy and William and of course Dan the man, who is running the risk of losing his eyebrows.
Youir support has been great and if you want to find me that where I will be.
The 4hr template is now complate so if anyone hasn't got it please feel free to email me thefxpimp@hotmail.com

Hope to see you all accross the road.

[rollingstone]

Thanks Pimp, thanks Dan, thanks guys

Oh Pimp, you were never alone! I always listened to your pearls of wisdom.

See you all at the School of Pimplogy - it's totally pimmmmptastic.

RS / Scorpion

[Dan007]

Hi everyone...
Trust all is well and that you are all making lots of pips.
Been vvv busy and good news is not far away.
I will be blogging again with trade ideas very soon. Apologies for not keeping in touch but been snowed under...Give me one more week and i will be back in full swing. The Pimp has been doing a great job and soon the both of us will be back and giving our verdict again each morning...
Cheers all
Dan007

[Dan007]

Hi

Is anyone still reading my thread?

Full apologies for being away for the summer and i am now back and raring to go...There are so many pips to be made going into the last 1/4.

How is everyone?

Dan

[linda m]

Hullo Dan looking forward to you giving your verdict each morning. The mornings are very quiet without you

[FerruFx]

Dan is back! Glad to see you again.

FerruFx

[Dan007]

Ah the old gang are here. I know quite a few are with the Lord Pimp, which is great and i'll stay on here from now on to give you my view...

Can't sleep tonight so decided to trade the Asian market.

Took a cheeky 100 pips on AUDUSD and 100 on EURJPY.

Serioulsy thinking of heading back to Asia and trading this session. Who's keen to live on an island and trade out there? We could get Lord Pimp to buy one for us.

Ahhh its good to be back. I have missed this and missed the friends you make here. Its been a long summer and lots going on after my little career change. Never been happier to be honest and love moving forward. Will be back teaching again very soon, as this is where my passion lies.

If you need the template we have created, please email me at armitagedan@hotmail.com

Might not be up 1st thing due to sleep but will be in late morning.

Speak to you tom.

Dan

[Dan007]

Morning all

Anyone look at the EURUSD 5min breakout?

Small triangle for sharp break.

Sorryl be posting setups earlier but just got up after trading asia.

This setup works vvv well. If u want the template shout. There a few tweaks to how i set up a couple of months ago.

Dan

[shadowgold]

Hi Dan,
could you please post the templates and indicators u usedin the prev post thanks