Saki's Forex Reversal Journal

Discussion in 'Journals' started by sakimonohito, Jul 2, 2004.

  1. Sore wa yattenai yo!

    I never traded commodities before. Let us know if it fits... my guess is it would work for any market with hedgers and speculators swapping spit everyday.:D
     
    #101     Nov 15, 2004
  2. EUR/CHF B 1.5289, 1.5187 Exit 1.5264 -25, +77
     
    #102     Nov 15, 2004
  3. I didn't post this yesterday, but the setup was perfection. Take a look. Any comments weclome.
     
    #103     Nov 16, 2004
  4. Just curious if youre still using the same stops as before?
     
    #104     Nov 20, 2004
  5. I am holding USD/CHF EUR/GBP outside of the system parameters. My square of 9(MMl) longterm lines give me great confidence that we will see1.2500 on USD/CHF in the near future.

    EUR/GBP will be exited at .6875 according to square of 9 targets.

    My drawdown is more than 45% from top to bottom at present, but I'm holding out, sorry to dissapoint by not posting a loss.:(

    This obviously knocks the wind out of my system, but I am further refining my targets because, no matter the time frame these numbers keep appearing in my calculations.
     
    #105     Nov 20, 2004
  6. GBP/USD S 1.8698 Limit 1.8554

    This is a textbook entry. Chart attached below.
     
    #106     Nov 23, 2004
  7. I hope you had a stop. :eek:
     
    #107     Nov 24, 2004
  8. When price returns to the median line inside the bollinger I will take my "stop."That is my system and it works, sometimes.:mad:
     
    #108     Nov 25, 2004
  9. GBP/USD S 1.8698 Exit 1.8850 -152

    The first loss for GBP/USD in 3 months. Sure, its ugly and it hurts but I'm still up for the year, albeit by only a few hairs :(

    I have decided once I pare my USD/CHF EUR/GBP trades I will be adding a breakout "hedge" system. That is, I will trade two systems on the same account. I will post the rules for this in a few days. I'm working on the stops. Yes, that's right, STOPS!

    I'm looking for the range on the daily bars to catch the healthiest trends. So far I am using ATR*3 as a crash stop and a reversal of trend signal as the secondary stop.

    Could anyone reccomend a stop logic for daily trend systems in forex?

    Thanks!
     
    #109     Nov 26, 2004
  10. The setup on GBP/USD again. I annotated the signal on the chart.

    GBP/USD S 1.9099 Limit 1.8800
     
    #110     Nov 30, 2004