USD/CHF B 1.2500, 1.2401 Limit 1.3120 USD/CAD B 1.3119, 1.3114 Limit 1.3280 EUR/AUD B 1.7265 Limit 1.7330 NZD/USD S .6561, .6640 Limit .6406 EUR/GBP S .6690, .6707 Limit .6600 EUR/CHF B 1.5328 Limit 1.5440 GBP/USD S 1.8434 Limit 1.8190 EUR/USD S 1.2370 Limit 1.2250
USD/CHF B 1.2500, 1.2401 Limit 1.3120 USD/CAD B 1.3119, 1.3114, 1.3051* Limit 1.3270 EUR/AUD B 1.7265 Limit 1.7330 NZD/USD S .6561, .6640 Limit .6406 EUR/GBP S .6690, .6707 Limit .6600 EUR/CHF B 1.5328 Limit 1.5440 GBP/USD S 1.8434 Limit 1.8190 EUR/USD S 1.2370 Limit 1.2250
USD/CHF B 1.2500, 1.2401 Limit 1.3120 USD/CAD B 1.3119, 1.3114, 1.3051 Limit 1.3270 EUR/AUD B 1.7265 Limit 1.7330 NZD/USD S .6561, .6640 Limit .6406 EUR/GBP S .6690, .6707, .6754* Limit .6650 EUR/CHF B 1.5328 Limit 1.5440 GBP/USD S 1.8434 Limit 1.8190 EUR/USD S 1.2370 Limit 1.2250 *Have 3 reversal signals at this price and time figure. Murrey +2/8th, Daimyo +100, BB upper band pierced again. Chart below...
USD/CHF B 1.2500, 1.2401 Limit 1.3120 USD/CAD B 1.3119, 1.3114, 1.3051 Limit 1.3270 EUR/AUD B 1.7265 Limit 1.7330 NZD/USD S .6561, .6640 Limit .6406 EUR/GBP S .6690, .6707, .6754 Limit .6650 EUR/CHF B 1.5328 Limit 1.5440 GBP/USD S 1.8434 Limit 1.8190 GBP/JPY B 200.10 Limit 204 EUR/USD S 1.2370 Limit 1.2250
USD/CHF B 1.2500, 1.2401 Limit 1.3120 USD/CAD B 1.3119, 1.3114, 1.3051 Limit 1.3270 EUR/AUD B 1.7265 Limit 1.7330 NZD/USD S .6561, .6640 Limit .6406 EUR/GBP S .6690, .6707, .6754 Limit .6650 EUR/CHF B 1.5328 Limit 1.5440 GBP/JPY B 200.10 Limit 204 EUR/USD S 1.2370 Limit 1.2250 Closed Trades GBP/USD S 1.8434 B 1.8233 +201
USD/CHF B 1.2500, 1.2401 Limit 1.3120 USD/CAD B 1.3119, 1.3114, 1.3051*, 1.2969 Limit 1.3270 EUR/AUD B 1.7265, 1.7088* Limit 1.7330 NZD/USD S .6561, .6640 Limit .6406 EUR/GBP S .6690, .6707, .6754 Limit .6650 EUR/CHF B 1.5328 Limit 1.5440 GBP/JPY B 200.10 Limit 204 EUR/USD S 1.2370 Limit 1.2250 USD/CAD is dangerously close to breaking down from an 8 month base, but as I am not the market, I must trade my system. I will average into 5 positions before considering taking a loss. EUR/AUD, my first posted trade which I broke the system rules of. I didn't exit at my target and now I am holding through a nonsystem drawdown(that is, the system would have exited last week for a minor loss of 25-30 pips).
USD/CHF B 1.2500, 1.2401 Limit 1.3120 USD/CAD B 1.3119, 1.3114, 1.3051, 1.2969 Limit 1.3270 EUR/AUD B 1.7265, 1.7088 Limit 1.7330 NZD/USD S .6561, .6640, .6744* Limit .6562 EUR/GBP S .6690, .6707, .6754 Limit .6650 EUR/CHF B 1.5328 Limit 1.5440 GBP/JPY B 200.10 Limit 204 EUR/USD S 1.2370 Limit 1.2250
USD/CAD B 1.3119, 1.3114, 1.3051, 1.2969 Limit 1.3270 EUR/AUD B 1.7265, 1.7088 Limit 1.7330 NZD/USD S .6561, .6640, .6744 Limit .6562 EUR/GBP S .6690, .6707, .6754 Limit .6650* GBP/JPY B 200.10 Limit 204* Closed Trades USD/CHF B 1.2500, 1.2401 Sold 1.2635 +135, +234 EUR/USD S 1.2370 Limit 1.2250 +120 EUR/CHF B 1.5328 Sold 1.5420 +92 *I had a minor epiphany about my reversal system over the weekend after mulling over old account statements. I realized that I could trade much less and make about the same if I eliminated shorting the higher yielding currencies and bought them at cycle lows. So I will hold EUR/GBP and GBP/JPY until they reach daily reversal signals rather than 4 hour ones. And I will not be entering trades such as long USD/CAD, short NZD/USD, long EUR/AUD anymore because the overnight interest is slightly cost prohibitive and increases my risk of carrying losing trades overnight. For those of you not sure what I am talking about, I receive overnight interest when I am holding a currency which has a higher interest rate than the currency I sold(and vice versa, I am charged interest if I sell the higher yielding currency). For example CAD has a higher interest rate than the USD so if I buy USD/CAD I am charged an overnight interest and this accumulates day after day as I am waiting for a reversal signal. If I simply sold USD/CAD on the last reversal signal I would be sitting on a huge 900 pip profit now in addition to interest accumulated from mid-May(about 5 dollars a night per 100,000k). This kind of return on a single trade illustrates my point clearly. Now compound this by the 9-12 currencies I trade on a 4 hour basis and you will see why trading with the interest rate trend is only one more filter to increase my profitability and MANAGE MY RISK better. Which was the main reason I began posting this thread in the first place! So, I guess, mission accomplished!
EUR/USD B 1.2176 Limit 1.2400* GBP/USD B 1.8124 Limit 1.84*(not a full blown reversal signal--although getting there--this is an old order from last week I forgot to delete, second mistake in 3 months of posted journals!!!) USD/CAD B 1.3119, 1.3114, 1.3051, 1.2969 Limit 1.3270 EUR/AUD B 1.7265, 1.7088 Limit 1.7330 NZD/USD S .6561, .6640, .6744 Limit .6562 EUR/GBP S .6690, .6707, .6754 Limit .6650 GBP/JPY B 200.10 Limit 204