Baruch's Forex System Journal

Hi SethArb,

OK, but we would love to hear the details. How made pips did you make?

 

After buy signals we are long:

EUR/USD: 1.2220 (FX). Stop: 1.2230

GBP/USD: 1.787 (FX). Stop: 1.837

We are also trying a new one:

Swiss FrancH: 7825 (june future). Stop: 7825.

 

Scalping:
Can be very profitable, when the market is in a trading range. Try Slow Stock 55,1,1 - sell the tops and buy the lows. Use 10 pips stops, because you need to be out, if there is a break out from the trading range.

 

Hi Jay,

OK, but do you also trade the news?

 

RSI on GBP/USD now more than 60. Moved stop to 1.8047 (entry was 1.7987) to lock-in more pips. Moved stop on EUR/USD to 1.2235. Moved stop on SF to 7827 to cover commission, if stopped out.

 

Moved stop on SF to 7835.

 

Moved stop on SF to 7845.

 

Time to lock-in more pips:

Moved stop on EUR/USD to 1.2245.

Moved stop on GBP/USD to 1.8052.

 

Very strange. GBP is moving north, but not RSI. We moves stop to 1.8067.

 

Still no movement in RSI. We moves stop to 1.8077. We are now 90 pips away from entry.