Frank Paul on Fractals

I use a lot of this in my trading and its worth a look, copy and paste the link, http://www.forexmentor.com/swingtrader/update/20111022/ and you can view the services he offers at Fibonacci Swing Trader and Daily Portfolio Advisory Service at Forexmentor

Shirley reaches 10,000 pips from London Close strategy, see link above

I got this message from Vic Noble on Shirley's stunning results. This free webinar is obviously well worth watching, its free! You can also look at the links, 90% win rate strategy. 90% win rate strategy.

This is a final reminder that tomorrow, October 1, 2011,
at 1 PM Eastern Time (New York), we will be hosting a FREE
webinar where we will show the steps involved in our London
Close Trade strategy. This strategy has enabled Shirley Hudson
to make over 10,000 average pips per lot in under 21 months
(actually she didn't even trade for 2 of those months).

This session will give you an excellent overview of the
strategy, and of course you'll have the opportunity to ask
questions as well.

You can register for this event at the following link:

==> https://www2.gotomeeting.com/register/754668642

If you haven't already heard my latest interview with Shirley,
you can hear it here:

===> http://youtu.be/bcFc3Q88w8A

The webinar will be recorded, but we would encourage you
to register and attend live as you will get a chance to ask
questions. The webinar has already started filling up rapidly,
so please click the registration link above to be sure your
spot is reserved.

Fri 20th Aug

This could be viewed as a buy or sell day. On the D chart Thurs was a red hammer that could not follow through above 1.6500. RSI had rolled over but not crossed 50 line or its average.

There was the potential to lose money in the London session but this should have again been recovered (plus) in the US move. 1hr above its RSI 50 line, above its 8 lwma.

Thurs 18 Aug

A very messy day, largely held within a 50 pip range.

Wed 17 Aug

A massive move down that was the UK MPC minutes news release.

The 1hr closed positive back into the trend, above the RSI 50/8 lwma. This set up a string of higher lows into the US session.

Yet again the head fake was down and the major move happened in the US session.

Tues 16 Aug

Whilst there are good sells in line with the 1hr these are again counter trend to the D and 4hr charts.

Again the LO head fake is a move down. The US session is the biggest mover and the green 1hr hammer is shown on the 5 min chart with the red line at 15.55. There are several higher lows that follow.

Mon 15 Aug

Hindsight is a wonderful thing but going into this week the D chart shows a positive close and then a higher close hammer last Friday. RSI is crossing the 50 line/red average line so a generally positive day can be expected on Monday. The 4hr chart is above its 8 lwma, RSI 50 line, RSI crossed upwards, all positive and suggesting trend up.

The 3 candles on the 1hour are 6am gmt (arrow down), 8am gmt (left arrow up) and 12 gmt. If your focus is up due to the D and 4hr charts you might not sell after the 6 gmt shooting star, or if you did sell accept its counter trend and be happy to bank pips.

From the 5 min chart. There is a nice counter trend lh sell arrow left. There is a hl buy before the close of the 1hr candle back into the D/4hr chart trend. After the positive 1hr close there is a hl right on the round number 6300 that most likely would have hit a small stop.

The 1hr is now moving up, we are above 8 lwma and above the RSI 50 line. The 1hr candle closes are shown and the higher lows, see the 2 right arrows up. It seems the LO head fake is the move down today. Price eventually runs up to 1.6410 with the US session continuing the London direction.