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9-1-05 EURUSD Long at 1.2335 GBPUSD Long at 1.8020 I set my alarm for early in the AM and looked at my laptop metatrader and was in profit. Went to adjust the trailing stops and accidently closed out both positions. Damn. I'm still getting used to Metatrader. I don't like how right...

Interesting article someone sent me: Looming Credit Squeeze On American Banks Reality Check By Gary North 8-23-5 If you are looking at your financial position, you should consider your assets in relation to your liabilities. What you should do, a bank by law must do. Banks...

Saw a setup before lunch and took it. EURUSD Long since 1.2200. Initial target is prev. high of 1.2226. 1H confirmed 15M channel is UP. http://www.precisetraders.com/forex/pts_eur_8-30_1.gif Took some drawdown, but 15M is still UP...

I was mainly referring to the fibo bollingers. I used to use those as well. Now I'm back to normal bollingers though. What I meant was to plot your indicators on multiple time frames and watch for confluence. For example, if price is at the extreme of your "range" on multiple time frames, it...

Those short term trades ended up as small losses for about -15 each. I'm not in tune. I"m trying to anticipate market turns and going against the channel direction. I've also been too biased with my market direction opinion and not going in with an open mind. The system showed short all the...

Logged on and saw a potential short term 20-30 pip setup on the GBP and EUR. Long EURUSD at 1.2230 Double bottom on the smaller frames. Price attempting to break away from the mean on the 1H. Price turning up on the 4H. Target is 1.2260...

GBPUSD Woke up to this and went long with a small initial position: http://img262.imageshack.us/img262/3996/gbp82900017zn.gif Showered took care of the kid and got to the office and saw this: http://img280.imageshack.us/img280/5989/ptsgbp829014ww.gif Stopped out for 30 pips or so...

\ damn. doomed right out of the gate. :cool:

In no way am I so disilliusional to think I could sustain that rate over time. But I figure it's worth a run for 30 days. Doesn't hurt that someone else is "sponsoring' me in the thing. I'd never trade a regular account with a contest type strategy.

I'm not really using an actual live data feed like a DDE or anything. I have macros setup to request historic data from CMS Visual Trader via their API. Techincally, I can update the data every second if I wanted or even automate the process with a timing macro. But Excel isn't the best...

The charts do provide the visual.. but because the price line and the linear regression ma are pretty close, sometimes it's hard to tell.. hence the "status" indicator indicating green, yellow, or red. the numbers are how I find confluence among pivots, deviations, fibs, etc. Its a lot to look...

Thanks for the compliment. I'm more for an excel doodler than programmer. It took about year to get the live data into excel because there was no way to get historic prices on the fly easily. Once that became available, the rest fell into place rather quickly because I knew exactly what I...

All of those screenshots were from excel. When I start posting current trades, I'll also post candle charts occasionally. I have used a proxy of the system on oil a few times before trying to help a friend get out of some full size oil contracts a few months ago. They chose to ignore my...

On the time frames I trade, on most of the failures, reversal wouln't have netted much if anything at all. They were just bad execution and bad stops. The exception being the major dollar thrust we saw a few weeks ago. I got stupid on that one. The system did show long the dollar all the...

This is another example from last week that shows a good add opportunity. ____________________________________ PICKING A BOTTOM PLUS ADDING ON Here is the play by play of last night's move from bottom to top, retrace and exit. Double bottom on the daily in an up channel, up turn on...

This is a trade example I documented a few weeks ago that shows the system and method. I normally swing and position trade, but if I see a scalper or short term setup, I'll take it. ____________________________________ Here is an example of some Asian session EURUSD "scalping"...

I've been keeping a journal over at moneytech for the past few months. But I'd like to start mirroring it here where there seems to be more succesfull, experienced, and knowledgable traders. The system is based on a methed called Precision Trading System taught by Mel Raimen. He focuses...

Nice. I've been doing something similar the past 6-8 months and it's made the world of difference. Add multiple time frames and then tell me what you see. You'll be amazed.

I'll be using a different one. I'll post it when I register. I've seen some of the results in the manual division. Pretty impressive. I figure at worst I make 20-30% on the month. Either way, contest trading is a lot different than how I trade my regular account. Sort of like the...

The InterbankFX contest is trading with real money. I'm entering the discretion side of the contest. I've got a programmer working on my system to automate it, and then I'll give you a run for your money in the Oct. or Nov. expert advisor division!