Daimyo is indicating oversold here so I'm out for now. Gbp has a way of bouncing like a monster, so i'm booking some profits. 1) GBP/USD 1.8750 cover 1.8509 +241 2) GBPUSD S 1.8539 cover 1.8509 +30 Will wait for convergence with Lower BB bands to be pierced before going long again.
EUR/USD S 1.2310 cover 1.2231 +79 USD/CHF B 1.2351 sold 1.25 +149 Have oversold signals on EUR and GBP am looking to average into long positions here.
EUR/USD B 1.2230 Limit 1.2477 GBP/USD B 1.8353 Limit 1.8730 USD/CHF S 1.2547 Limit 1.22 AUD/USD B .7131 Limit .7340 NZD/USD B .6384 Limit .6640 Trades remaining open still waiting for reversal signals: EURAUD B 1.7265 Limit 1.7488 EURJPY S 133.73 Limit 1.3281
Open Positions EUR/USD B 1.2230, 1.2131 Limit 1.2477 GBP/USD B 1.8353 Limit 1.8730 USD/CHF S 1.2547, 1.2629 Limit 1.22 AUD/USD B .7131 Limit .7340 NZD/USD B .6384 Limit .6640 EUR/AUD B 1.7265 Limit 1.7488 Closed Positions EUR/JPY S 133.73 Limit 132.90 +83
Open Positions EUR/USD B 1.2230, 1.2131 Limit 1.2477 GBP/USD B 1.8353, 1.8228 Limit 1.8730 USD/CHF S 1.2547, 1.2629 Limit 1.22 AUD/USD B .7131 Limit .7340 NZD/USD B .6384, .6268 Limit .6640 EUR/AUD B 1.7265 Limit 1.7488 On a 4 hour basis, the market is starting to trend again, my system is best for range bound markets. Am trading smaller size as I expect to have to average in to all of these positions again(up to 5 positions)--but as I am not the market, I will still trade my system.
Open Positions EUR/USD B 1.2230, 1.2131, 1.2003 Limit 1.2430 GBP/USD B 1.8353, 1.8228 Limit 1.8730 USD/CHF S 1.2547, 1.2629, 1.2746 Limit 1.22 AUD/USD B .7131 Limit .7340 NZD/USD B .6384, .6268 Limit .6640 EUR/AUD B 1.7265 Limit 1.7488
Open Positions EUR/USD B 1.2230, 1.2131, 1.2003 Limit 1.2430 GBP/USD B 1.8353, 1.8228, 1.8130 Limit 1.8730 USD/CHF S 1.2547, 1.2629, 1.2746, 1.28 Limit 1.22 AUD/USD B .7131 Limit .7340 NZD/USD B .6384, .6268 Limit .6640 EUR/AUD B 1.7265 Limit 1.7488
Hi Saki, Why not add a summary of your progress day after day? How many pips per currency are you ahead/behind since you started? Good trading....
Hi, thanks for your question. I haven't been summarizing daily as this is not a daytrading system. I am not a big fan of daily mark to market totals. I think this is one of the major causes of early exits and loss of potential profits. I will add a point total and loss for each pair from today on though. Please note my drawdowns are rather large. I wanted to post my trades to help minimize this but it seems that any modification with stop losses severly cuts into profits. So I hold over negative balances on a daily basis. Its hard to argue with my profits though. Sure this system doesn't follow the rules of small drawdowns, but my hit rate more than compensates for this.