Thanks Steve! Just imagine how much more you would hate your method if it didn't produce any profits!
there were 3 trades today with my murrey math pivot combo. AUD/USD already hit the median line, USD/CHF and USD/CAD are still short. Here's what I see...
and CHF... I didnt take any of these trades by the way. In fact, this system should fail today if the trend is in place for the week already. My other system hasn't gotten a buy signal on EUR yet. I will move my stop tighter tommorrow if there isn't a reversal signal.
I'm not too familiar with Murray Math. I programmed them once for VT for someone, but never played with them. They look very similar to Camarilla's. What are the rules for trading them? I'll be watching your posts concerning them. I'm pretty happy with the Cams right now. Even with last night/this morning's huge breakout. I haven't found a way to backtest any type of pivot system other than programming hard rules.. which as you probably know, are pretty tough to do with pivot systems.
Imageshack is easy and free. http://www.imageshack.us/ It can generate thumbnails, bbs code, etc. I dont' use it as much anymore now that someone has donated some ftp space to me.
Not at all. Why would i worry about you saying something incorrect? I use the word "concern" to examine and question your applied logic with the statement you made about oil and the greenback. I'm sure you made the comment for a reason. Whether you make money with your system or not has little to do with me and learning how to trade currencies. Mechanics and knowing the landscape is what i am wanting to learn. The system i can put together in a few weeks. Once you know how to trade it's just a matter of time getting to know different marketplaces before a system/model is born. Anyway, i am learning something on your thread so keep up the good work.
Open Trades: 10k Short EUR/USD 1.2540 Stop 1.2370 Closed Trades: 10k Short AUD/USD .7735 Limit .7675 +60 10k Short EUR/USD 1.2435 Exit 1.2370+65 10k Long USD/CHF 1.2500 Exit 1.2540+40 10k Short AUD/USD .7735 Exit .7685 +45 20k Long USD/JPY Limit 110 +90 10k Short AUD/USD .7735 Exit .7565+170 10k Long USD/CHF 1.2505 Exit 1.2710 +205 10k Short EUR/USD 1.2435 Exit 1.2170 +265 10k Long EUR/USD 1.2193 Limit 1.2270+77 10k AUD/USD .7533 Exit .7570+37 10k Long AUD/USD .7533 Exit .7580+47 10k Long USD/CAD 1.1893 Exit 1.1975+82 10k Long EUR/USD 1.2193 Exit 1.2291+98 10k Long USD/CAD 1.1893 Exit 1.1899+6 10k Long USD/CHF 1.2578 Stop 1.2509 -69 10k Short EUR/USD 1.2293 Exit 1.2350 +43 10k Short EUR/USD 1.2577 Exit 1.2518+59 10k Short GBP/USD 1.8468 Exit 1.8420+48 10k Short EUR/USD 1.2540 Exit 1.2478+62 20k Short GBP/USD 1.8400 Exit 1.8390 +20 Model Account Balance: 3390