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ok attached below is the reversal signal on GBPUSD I have also attached a new calculator I ran across which is gives more information about the levels. Hope this is helpful. I'm also considering if the EURJPY trade was even lower percentage than the others since the reversal signal came...

Still holding previously opened trades EURUSD S 1.2310 Limit 1.2168 USDCHF B 1.2351 Limit 1.25 EURJPY S 133.73 Limit 130.82 and adding: GBPUSD S 1.8539 Limit 1.8370

I relized the absurdity of saying that the stops are failing. Stops don't fail, they save you from a bad system so I will continue to trade this way using 14 trading day time stops. Let's see what happens now!

experimental stops are failing. they don't seem to fit into the volatility of my system. This system works because it has a high rate of success and the drawdowns have been large, but the consistency of winners has been much higher. So for now I have removed the stops. So much for honoring...

hi, I did a backtest for last year on stops for the system and it worked well but that was because last year most currencies had 1000-2000 pip trends which lasted 5-6 months. if I didn't use stops last year, this system would have blown up rather quickly. This year the rhythm of the forex...

the stops are completely experimental. I have averaged down each time I got an entry signal (overbought/oversold) but wanted to try and cut my loss before I held the trade over. maybe I should just go back to the disaster stops -500 pips or so.

EURUSD S 1.2310 Limit 1.2168 Stop 1.2525 USDCHF B 1.2351 Limit 1.25 Stop 1.2204 EURJPY S 133.73 Limit 130.82 Stop 135 note EURJPY target is 1/8th level since the reversal signal came on a 4/8th level

New trades: EURAUD B 1.7265 Limit 1.7488 stop 1.6840

USDCAD B 1.3338 Limit 1.36 Stop 1.3240 -98 NZDUSD S 0.6359 Limit .6242 Stop .6480 -121

I should add a 5th rule to the system. If the 4/8th line is not hit before the indicator oscillates from one extreme to the other, I have obviously reversed my position. I don't want to own a short for too long if and when the indicator is telling me we are oversold. For example EUR/JPY is...

I've been trading the following system for a few months now and it has yielded almost 300%. I wanted to post the trades for a while and see if I couldn't improve the system a bit (minimize drawdowns). 1)Enter trades when "Daimyo indicator" signals overbought oversold on a 4 hour chart. I...

could you let us know how to calculate the bands? thanks

i have seen a trader on-line use this system and call tops and bottoms extremely accurately for futures indexes. i was always in awe of his "magic formula," now i know where he got it: probability bands! to those who are bashing already for this guy offering his system for a free trial...

If you are looking specifically for a forex platform to place buy and sell stops, you can try cms-forex. I use them and haven't had any trouble with the fills for the last 9 months. happy trades

"Here is a lesson for youEDon’t trade when you cannot afford to lose." "Thanks for the lesson. Now here's one for you, PUT A !"#$% "#$#$ BETWEEN YOUR LEGS! You have posted almost a month and half worth of results, you don't even have enough of a fluffy muffy to timestamp the the actual...

I come back from a nice meditative vacation from the markets only to find this #$%&! melz still posting completely worthless results about a system which we know nothing about, promising newbies to "stick around" they "might learn something." The only thing I have learned from this journal was I...

I'd like to know the average length an account stays open at these "mushrooming" brokerages? My bet is it is alarmingly short. Probably faster burnout in forex verses stock and futures marginable accounts. I'm not a huge fan of regulation, but it would seem the forex industry cares little for...

hey buddy, There is already a forex forum, take a browse and you will see people's opinions are rather weary of "researchers" in the forex marketplace. Traders are in either one of two camps, "fed up with dubious brokers and washed out by the greedy foolish broker" or "taking it up the...

It's these kinds of threads which prove there are enough hyper sensitive people trading futures that anyone with more than 20 minutes of patience and a sound risk management plan can make a killing. "I'm posting here to silence my critics." The only critics in trading are in your profit...