xr86yp295m Forex Leader: 06/30/09

Trending back in force?

June 30, 2009

What a slow day....

This morning both platforms were about equal and then the trending one started taking over and is currently about +100 pips more than the ranging one, which isn't impressive (yet). This roller-coaster we've been having over the last 4-5 days will test your patience. But I'll tell you this (I'm sticking my neck out here) that this really feels like "the calm before the storm". I see many pairs which are just screaming to fly (example below). And as I mentioned in another post, tomorrow we're starting July and ALL my July experiences have been wild, to say the least.

Now, I don't want to predict the future (because I simply can't) AND the trending platform isn't showing all that much strenght (yet) but I just turned it on for my live account - you don't need to do the same, just continue watching your platforms until you're really comfortable with the way they look, until you're confident of what they're showing. I might be a bit impatient myself here after 5 days (my God, 5 WHOLE DAYS! of not trading, get the gun out!) so maybe I'll be sorry, so don't just go firing off your platform cause I did it, alright? If you're new to this system, WATCH what will unfold in the upcoming days. The big trending I'm anticipating might only start at mid-July - I don't have a crystal ball...

In the meantime, the last few days I've been developing a scaping method that I'm tryting to make as simple as possible (for when your bots are off, or even in between trades with the main system, if you're like me and absolutely have to trade).

I'll post more later when my system is more complete.

These are 2 pics of gbpusd and eurgbp (random choice, just because I'm in those 2 trades right now (scalping). Look where they both are based on the center of gravity. GBPUSD is in an uptrend, on the perfect retracement position. EURGBP is in a downtrend, again at the perfect place. The dailies also show confirmation of trends.

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Settings for the COG are 168 (or 1 week).