Baruch's Forex System Journal

Discussion in 'Journals' started by Baruch, Mar 11, 2004.

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  1. Hi,

    OK, but I like that Oanda only has a 2 pips spread in EUR/USD. And that you can trade with them the whole weekend.
     
    #831     Apr 16, 2004
  2. jrs3

    jrs3

    ((But I "lost" 50 pips or more because I could not take the buy signal.))

    Well sure if you were so lucky to have sold at the top of that move.
     
    #832     Apr 16, 2004
  3. jrs3

    jrs3

    I meant to post this chart.
     
    #833     Apr 16, 2004
  4. Hi,

    Well, that was the profit when I wrote my post.
     
    #834     Apr 16, 2004
  5. Hi again,

    Thanks. RSI looks nice. Which setting do you use?
     
    #835     Apr 16, 2004
  6. jrs3

    jrs3

    Default (14)
     
    #836     Apr 16, 2004
  7. OK. From a broker or chart service?
     
    #837     Apr 17, 2004
  8. When Bernard Baruch died in 1965, they found among his papers a memo to himself dated 1930:

    PERSONAL EQUIPMENT

    SELF-RELIANCE: Do your own thinking. Don't let your emotions enter into it. Keep out of any environment that may affect your acting on your reasion.

    JUDGMENT: Consider all the facts - meditate on them. Don't let what you want to happen influence your judgment.

    COURAGE: Don't overestimate the courage you will have if things go against you.

    ALERTNESS: To discover any new facts that change the situation; or which may affect public opinion.

    PRUDENCE: Be pliable or you wont be prudent. Become more humble as the market goes your way. It is not prudent to buy when you think the bottom has been reached. It is better to wait and see, and buy too late. It is not prudent to wait for the top of the market to sell - it is better to sell "too soon". (Never buy so that your margin will be less than 85, or hold if it drops below 80. In a particularly "clear sky" situation with(out) "buts" or "ifs", one can lower these margins to 80-75%).

    PLIABILITY: Consider and reconsider the facts, and your opinions. Stubbornness as to opinions - "cockiness" - must be entirely eliminated. A determination to make a certain amount within a certain time absolutely destroys pliability. When you decide, act promtly - don't wait to see what the market will do.
     
    #838     Apr 18, 2004
  9. Hey, I just wanted to say hello and thank you your great thread!

    Thank you for sharing your system, I've had alot of fun trying it.
    I just used it to get short forex usd/cad from 1.3448. I know that you like to do eur/usd, but any thoughts on this usd/cad short setup would be appreciated!

    Thanx Much!

    TP
     
    #839     Apr 19, 2004
  10. I'm out of that trade, shoulda, woulda, coulda reversed. lost 20 pips, oh well.

    :(
     
    #840     Apr 20, 2004
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