Hi Canadian-Mike, how are you?

Sorry for responding late to your post.

YES, according to GlobalTec, Mark McDonnell and George Thompson a
BOUNCE is good as a Cross.

THE MT(Mid Term) chart, inside its Angle contains compressed data
consists of Volatility and historical prices.
In the 4XMADEEASY software, each GRID in the background which is
passive and is there for a point of reference contains a week of
data (about 51/2 days). Why 51/2 days and not 7 days? Because the
E-SIGNAL streaming stops on Friday afternoon and resumes on Sunday
afternoon/evening.

The MT chart is exclusively being updated by the ST(Short Term)
light and one (1) more Big minute light. Such
as a 720 or a 660 or a 600 + - 10!!!

Please allow me to further share with you and all the readers my
taken on a BOUNCE.

A Bounce is a resumed Buyer or Seller pressure. That means that you
are buying the currency pair in an higher price. It's better to
enter in the beginning of a MT trend, F.A.S, first cycle.

The majority of the time we enter on a Market Order and when high
Volatility occurs Supply & Demand) you may not get the currency
price at the ASK+spread going LONG or BID+spread going SHORT.

What shall I do?  I'm eager to extract PIP from the Market. Am I
late with my MT(Mid Term) strategy? LOL!

NO BUY/HOLD AND/OR SELL RECOMMENDATION!!!

Answer: You need to take the following actions and paper trade this
condition:

First see how close you are in terms of time to 21:50 GMT where the
RED line gets update.
21:50 GMT will be 5:50 pm EST, 4:50 CST and 2:50 PST. If you are
about an hour wait for the update to take place. If you are hours
away take the following actions:

You will place your PC mouse arrow on the tip on the last interval
of the MT(Mid Term) chart where the Bounce occurred. Then if you go
LONG you will compare its high price display in the pop up window
vs. the next Resistance level to see how much room is left. Meaning
how many PIPS left to extract from the remaining cycles. If you go
SHORT, same concept, you will write down the low from the last
internal and subtract it from the next Support level. This will be a
quick measurement to see how many PIPS left if any to extract from
the market.

See if you can observe the following:

Many times you can count the Arrows/Triangles on the GREEN or RED
lines to see how many cycles your Candidate currency was running and
compare if with the current cycle including the Bounce.

You count from the last F.A.S.. Remember the BOUNCE is an extension
to the move. So for example you saw the currency ran for 3 cycles, 3
Arrows/Triangles and now you see a Bounce, the count is 4 you
entered the 4th cycle. What happened the pressure from the Buyers or
Sellers depending on the direction resumed. Nevertheless, a major
Support level going SHORT or a Resistance level going LONG was
penetrated. You now ride the extension of the Buyers or Sellers
pressure and it's crucial as I said, to measure the next Support
level going SHORT or
Resistance level going LONG. If it can't be found on the MT chart
navigate to the LT(Long Term) chart to obtain the figure/price.

Also attempt to locate news drivers associated with this currency
pair to further see the potential of moving the currency at the
directions of the MT. Although, sometimes the news drivers will
change direction as expected figures are extremely below
expectations.

GOD Bless,

Regards,

Efraim
'THE PIP DISPENSER' 

--- In 4xmadeeasy@yahoogroups.com, "Michael" <warpigsa319@y...>
wrote:
> Gentlemen is a bounce as good as a fresh cross on the MID term
> strategy. So far for me it is evidently the same, yet I have
traded
> few bounces. But I have been at it only 2 months So far so good. I
> traded the KIWI last week on a bounce and it worked out.In other
words
> if a currency pair started moving up or down in a previous time
frame
> and it was parallel red and green and the green moved up or down,
is
> it a good entry signal? Evidently it is. However I don't want to
> mislead myself or give out bad advice...
> Thanks, CanadianMike







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