morning thoughts from andy on the EA

On my live account , have done well this month, little over 10% gain, from22k, to 26k mostley last 2 weeks... One of the things to go over; Quite a few are using the BOF(12noon to midnight CDT) honestly severaltimes I have shut off by 8pm.... It is a pretty good feeling to have a fewhundred pips for 8hrs... I am not advocating to stop, but I am saying, ifyou already have 100+ pips???? There is one thing that I have learned over 4 years, Greed, that gimme last10 pips will usually cost me vs give me the gains. We are studying timesettings and trading over longer period of time, we arealso setting up the ability to analyse not only our accounts but yours ifyou wish. This all is coming soon. AUD/USD- day chart shows a possible resumption of upward trend, 7290-7300will tell us, a breakthru on that will be the breakout for the trend. EUR/USD - range now between 1.3400 and 1.2900 oscillating on the day in thatrange, I don't see that changing dramatically in the near future giving us asmaller oscillations soon... EUR/AUD- 4hr is consolidating, pushing the day back up. This is a bounceraround the 13 on the 4hr, got a few more days before a good consolidation isapparent. GBP/USD - Good consolidations, 4hr is rangebound in a 2-300 range, thisstill has some legs for a bit, but wouldn't count past another week before amove hits. USD/CHF - Day is consolidated around the 200 SMA, 4hr though has some largeroscillations that has not been kind, the BOF has been good for this keepingus out of difficulties. Watching 4hr to see if support holds. EUR/CHF - been a good choppy move for quite some time, over a few weeks now,I am watching for the 1st move, I find that this one will reset 1-3 days,have a bounce, then rest again. So it is almost due for it. GBP/AUD - oscillating around the 4hr chart, looking to consolidate, but notquite there, the GBP has been volitle so this one has paid off, but berestrictive on hours to trade. USD/CAD - we just had a downmove, it is moving short and got a few more pipsto go for a breakout, we havfe been around the 200 on the day chart sincethe 1st, if we don't break below 1.1998 it should hold. We are at a support,and will see if it holds. AUD/CAD - a daily progression of daily to the upside, had a bit ofretracement back to the 13MA, but holding along that line, so support isaround the 8700 range for now. 4hr is consolidating around the 200 and maygive up a few in this area. USD/CHF - day is consolidated, around the 200ma, but a strong oscillation tothe downside on the 4hr, it is out of range for now and it will beinteresting to see if it will hold and start tighter oscillations . A question on the chat group (and if you are not in it, you should be). What is "out of range" and does it correlate to the indicators on thescreen. Out of range, is simple, NO TRADES-- it is an algorithm based on severalindicators that tells me to not trade so you don't get into trouble... Doesit correlate, not exactly, there is not an indicator for this algorithm, sothe best was to give you one of the oscillators.. Andy <> Stapletonwww.eaFXTrader.com your Final Solution for MT4 automated Trading If you wish to unsubscribe from our mailing list. send email to elist-unsubscribe@eafxtrader.com