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Sunday, April 23, 2006

van Gecko 03:18 GMT April 23, 2006
Subject: C9 indicator

"hong kong nt 15:37 GMT April 21, 2006
van Gecko
Do you like C9 indicator?"


At your persistence, the following is some of my observation;

imo the c9 indicator (c9X) is a subset of my 'Quacking Duck Contrarian' (QDC) indicator..
As with the QDC, c9X usually occurs after the market had made a move to some intermediate or short term high/low levels..
Good risk adjusted short & mid term fading opportunities can be have in addition to its exuberant hindsight cheerleading values..

Heres a few examples of the c9X in action;

"---- ---- -- 15:31 GMT April 19, 2006
Most c9 are buying USD in bucket shops and so do most FX traders in 2nd/3rd division banks."


GBP @1.7910, dropped 150 pips down to 1.7760 over the next 24hr.. a potential 150 pip profit for the c9/bank traders & fading the c9X


"---- ---- -- 15:31 GMT April 20, 2006
-- lucky me, hear some C9 turning long today and calling for 1.81, double slap.."


GBP @1.7760, dropped 150 pips overnight then went up 80 pips to 1.7840 the next day, c9 $bulls took profit & turn $bears overnight..? very nimble c9 indeed! a potential 230 pip profit for the c9


"---- ---- -- 12:31 GMT March 20, 2006
Most c9 are buying USD for sometime and having larger losses.."


Euro @1.2196, dropped to 1.1954 over the next 3 days.. a 240 pip c9X contrarian play


"---- ---- -- 14:27 GMT February 15, 2006
-- magic of c9 ! "


GBP high @1.7488, dropped to a low of 1.7306 overnight.. a potential 180 pip profit fading the c9X


Heres a real dandy :)

"---- ---- -- 02:54 GMT April 26, 2004
-- c9 picking bottom in progress..."


Euro @ 1.1760 after a sliding for 2 month from 1.2927.. from this 1.1760 April bottom, it never look back & started an 8 month 1900 pip climb up to the all time high of 1.3665, a classic mid-term c9X play !

need I say more?


van Gecko 03:18 GMT April 23, 2006

"hong kong nt 16:05 GMT April 20, 2006
van Gecko
I don't mind to be either a bull or a bear. I just don't like to be a losing bull or a losing bear. Very nice if you may share with us some trades with entry/exit levels..

van Gecko 16:31 GMT April 20, 2006
hong kong nt 16:05.. contrary to the preception of newbies or wannabies, "one size does not fit all" in this biz.. winning or losing in this game is not about entry/exit levels.. its how you play the game that will determine your chance for survival & take some real money from the market over time..
gl.

hong kong nt 07:11 GMT April 22, 2006
Ideally, with a very thick wallet, 500-800 pips adverse movement may look like only a storm in a teapot, and in this case, i agree with you entry/exit levels maybe not too important. However, for most traders, there trading horizon is limited to 1-2 weeks or within few hundred pips firing range. In this case, it is joking if one claims entry/exit levels are not important..
"

morning nt.. I am afraid you have lost sight of your 16:05 GMT April 20, 2006 question to me.. playing a 500-800 pips movement requires other risk adjusted tactics besides entry/exit levels..
have a nice day..

btw, at your persistance, i'll post my c9 observations in the Help Forum..
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