EUR/USD B 1.2176 Limit 1.2400 GBP/USD B 1.8124 Limit 1.84 USD/CAD B 1.3119, 1.3114, 1.3051, 1.2969 Limit 1.3270 EUR/AUD B 1.7265, 1.7088 Limit 1.7330 EUR/GBP S .6690, .6707, .6754 Limit .6650 GBP/JPY B 200.10 Limit 204 Closed Trades NZD/USD S .6561, .6640, .6744 Covered .6603 -42, .6609 +31, .6609 +135. But 10 seconds after covering it collapsed another 30 pips
EUR/USD B 1.2176 Limit 1.2400 GBP/USD B 1.8124, 1.7953* Limit 1.84 USD/CAD B 1.3119, 1.3114, 1.3051, 1.2969 Limit 1.3270 EUR/AUD B 1.7265, 1.7088 Limit 1.7330 EUR/GBP S .6690, .6707, .6754 Limit .6650 GBP/JPY B 200.10, 196.90* Limit 204 NZD/USD B .6580* Limit .6740
EUR/USD B 1.2176 Limit 1.2400 GBP/USD B 1.8124, 1.7953 Limit 1.84 USD/CAD B 1.3119, 1.3114, 1.3051, 1.2969 Limit 1.3270 EUR/AUD B 1.7265, 1.7088 Limit 1.7330 EUR/GBP S .6690, .6707, .6754 Limit .6650 GBP/JPY B 200.10, 196.90 Limit 204 NZD/USD B .6580, .6486* Limit .6740 According to IFR liquidity is a major factor in the swift declines today, not any fundamental macro shift. This is a perfect opportunity to pick up more high yielding currencies(NZD).
USD/CAD B 1.3119, 1.3114, 1.3051, 1.2969 Limit 1.3240 +121, +126, +189, +271 EUR/AUD B 1.7265, 1.7088 Limit 1.7330 +65, +242 These are the last two trades which carried negative overnight interest balances. I will not be opening anymore trades with negative overnight interest regardless of the reversal signals I see.
EUR/USD B 1.2176 Limit 1.2400 GBP/USD B 1.8124, 1.7953 Limit 1.84 USD/CHF B 1.2661* Limit 1.3110 EUR/GBP S .6690, .6707, .6754 Limit .6650 GBP/JPY B 200.10, 196.90 Limit 204 NZD/USD B .6580, .6486 Limit .6740
EUR/USD +347 GBP/USD +606 EUR/CHF +92 USD/CHF +495 USD/CAD +707 NZD/USD +289 AUD/USD +15 EUR/AUD +307 ______________ 2858* *I'm using an average of 20k per pip. 2 months of posted journals and a several thousand pips profit, not bad for a washed up futures trader
Excellent results and system, saki. I was just wondering if you plan on changing your system at all if (when..) the markets start trending again? I'd imagine that could potentially hurt you if you just go off overbought/oversold.
Saki- you visited my journal and I have now seen yours, as I said i would...the thing that strikes me is how much more complex your system is than mine. however, it looks like it works
EUR/USD B 1.2176 Limit 1.2400 GBP/USD B 1.8124, 1.7953 Limit 1.84 USD/CHF B 1.2661 Limit 1.3110 EUR/GBP S .6690, .6707, .6754, .6795* Limit .6570 GBP/JPY B 200.10, 196.90 Limit 204 NZD/USD B .6580, .6486 Limit .6740
Thanks for your comments. Yes, I intend to modify the system once the daily trading range has been violated, I will average in less frequently. I anticipate the trading range will be broken towards the end of the year. When a new prices for the year are carved out, I will expand my primary timeframe(from 4hour to daily). This is an experimental system once which I don't have complete faith in, however it seems to work well at present.