Hey there fellow traders,

I got a question in from a fellow pip sniper member and I wanted to give it some attention in todays market review. The question is in regards to the additional filter of the orange line in a SRC or BRC setup.

I have posted the question and answer below and have also made todays video highlighting this topic.

Enjoy and have a good weekend.

Cecil Robles

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QUESTION: the second last page of the book containing all the slides from the course there is a slide entitled - Additional Filter # 1 The Orange lineYou say that if the reversal bar dips into the bar at any time the reversal bar is invalidated.Also if the reversal bar closes below the Orange line it is invalidated. Does this apply to both BRC's and SRC's. What if it closes above the line? Please clarify?

ANSWER: This filter can be good for determining whether you are in a parallel market or a counter-trend market. A parallel market is a market that is trending and we do not want to take reversal trades in trending markets. We want to take reversal trades in counter-trending or sideways markets or if the market has had a significant swift movement. So for the sake of this filter whether it is a SRC or BRC it will work. If it is a SRC that closes below the orange line or dips into the orange line it will be invalidated. If it is a BRC and closes above the orange line it will be invalidated.

The main key here is to really measure triangulation. Triangulation is the single biggest factor in discerning between good reversal setups and not so good reversal setups. I have inserted a chart example for you to see exactly what I am talking about.
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VIDEO BELOW


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Labels: Frequently Asked Question, Market Analysis

Greetings,

I am just back from Las Vegas where I hosted our first IB Mastermind. We had a great time and learned lots of cool stuff I'll be sharing more about in the future.

So what has been happening in the market here recently. Well, on the longer time frames we still don't have much indication for the next big trend, so we are sticking more with the 4 hour charts at the present moment.

There is still plenty of volatility on almost all currency pairs, so swing trading is giving us the best opportunity. I have heard mixed results from many day traders, but as long as you are trading during the London and New York sessions I still think there is a lot of opportunity there as well.

Ok, on to the market reiew where I spend about 5 minutes analyzing the EURUSD 4 hour chart. If you are currently long based upon the two fractal breaks I will point out it may be a good idea to take some of your profits off of the table and let the rest ride.

Check out the video below.


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To your trading success,
Cecil Robles

Labels: Market Analysis

Today's market review is all about the EURUSD. It could be set up for another big drop to test the lows and give us a tripple bottom.

There is a trade stting up on the 4 hour and daily charts and I'll show you where it is.

Take a look at the 5 minute video below.

To your trading success,
Cecil Robles


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Labels: video

In this market review I am going to show you how to adapt the Sniper FX strategy in a volatile market like we are experiencing right now.

Hint: Your best bet is to drop down a time frame and make an adjustment to your stop loss rules to adjust for larger market swings.

Watch the video below and then leave a comment or email me at cecil@4xeducator.com with any questions.


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Labels: video

The following video shows you a classic tripple top that if broken could have significant potential. Also learn how to read support and resistance the easy way.


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Enjoy!

Cecil Robles

Labels: video

A little GBPJPY action!


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Labels: video

Hey there guys and gals. Check this new review out. I am making my predictions on my two favorite currency pairs for the beginning of 2009. Let's see what happens.

Enjoy!
To your trading success,

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