The Miner "U" Method

[miner]

[img=http://img155.imageshack.us/img155/9264/peat1fg3.th.png]

Good stuff peat,what I have tried to do is make a KISS system,and make this game very basic,I will post a bigger U for usd/chf,do you guys want me to explain the last 2 charts a bit better,as in what I see to enter exit the trade etc ?.

Cheers
Miner

[miner]

On the last chart see how once a U is to a certain point "most" of the time they will hit the target,

Cheers Miner

[miner]

If you were looking short the candle I have marked is a good sign you are right,remember I use my 3 other charts for this pair also to decide what I do.

Cheers
Miner

[peat]

heres how that looks with the Heikin-Ashi
very similar of course but smoother.

[miner]

Ta peat see how once set it runs into the target,this chart, look at where the last hour turned on 5 and 15min,tie this in with the hourly trendline and possible U target on 15min,the 15min is great for finding U targets.

usd/jpy same way but harder to pick.

Cheers
Miner

[miner]

Just looked and again don't know why but no tail on the second candle,it hits the trend line,so maybe look at your own chart,bit of a pain.

Cheers
Miner

[miner]

Ok I have marked the turn candle on 15min and 5min,the 5min was the buy as it was the test of the hourly trend line,but if not the 15min said north,is making very hard work of it though so may not get to the 15min target,but if does then look to maybe last nights 166.90ish (hourly).

Hope you can see how these different time frame charts work together ?,anyway of to bed so will see where we are in the morning.

Cheers
Miner

[miner]

For longer trades a U on the daily,you can do the same with it's opposite mate eur/usd which for now is through it's U target so this is telling you that usd/chf should go through it's U target .

Cheers
Miner

[miner]

Hi Miner

yes i did take the short but got stopped before the large drop,always another day tomorrow,
have just downloaded ava trader

going to call it a day,
hope you feel better in the morning!

cheers
roddy

Hi Roddy have you got your AVA charts up and running ?,I just use the charts and trade with FXCM (do the odd demo trade to keep it active) when your demo runs out let me know and I will tell you a trick to keep them going.

Cheers
Miner

[miner]

Well the last U worked ok,through target and testing it now.

Cheers
Miner