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I was away from my computer, but not away from trading. I bagged two winners with the reversal system this week. USD/JPY B 102.05 Limit 103.18 +113 USD/CHF S 1.1500 Limit 1.1405+93 Charts are annotated below.

The setup on GBP/USD again. I annotated the signal on the chart. GBP/USD S 1.9099 Limit 1.8800

Surf, thought you had given up the ghost on forex???

GBP/USD S 1.8698 Exit 1.8850 -152 The first loss for GBP/USD in 3 months. Sure, its ugly and it hurts but I'm still up for the year, albeit by only a few hairs :( I have decided once I pare my USD/CHF EUR/GBP trades I will be adding a breakout "hedge" system. That is, I will trade two...

When price returns to the median line inside the bollinger I will take my "stop."That is my system and it works, sometimes.:mad:

GBP/USD S 1.8698 Limit 1.8554 This is a textbook entry. Chart attached below.

I am holding USD/CHF EUR/GBP outside of the system parameters. My square of 9(MMl) longterm lines give me great confidence that we will see1.2500 on USD/CHF in the near future. EUR/GBP will be exited at .6875 according to square of 9 targets. My drawdown is more than 45% from top to bottom...

Thanks for your kind words about my journal=) I think that taking partial profits can allow one to keep a stop below breakeven and reap further gains over time. Psychologically it sucks to watch a winner turn intoa loser, but huge moves can't be predictaed to the tick everytime. I'm now...

You guys seem to be interested in being right, but do you have a strategy to help you each time? I often wonder how traders derive their "gut feel. I've been buying bottoms and selling tops for years, but until I actually tried to make a quantifiable system was I able to articulate that...

I didn't post this yesterday, but the setup was perfection. Take a look. Any comments weclome.

EUR/CHF B 1.5289, 1.5187 Exit 1.5264 -25, +77

Sore wa yattenai yo! I never traded commodities before. Let us know if it fits... my guess is it would work for any market with hedgers and speculators swapping spit everyday.:D

NZD/USD B .6866 Exit .7003 +137

I have decided to rework the system to minimize the drawdowns as I am currently sitting on a 30% drawdown from my account highs for the year. After doing some scanning of my setups I decided on 6 major revisions in the system. 1)I will no longer average in to positions. I will enter two...

Here's what I see on EUR/CHF

USD/CHF B 1.2661, 1.2611, 1.2539,1.2002 Limit 1.25 EUR/GBP S .6690, .6707, .6754, .6795, .6963 Limit .6875 USD/JPY B 106.14 Limit 109.30 NZD/USD B .6866 Limit .7180 EUR/CHF B 1.5289, 1.5187* Limit 1.5329 GBP/CHF B 2.1673* Limit 2.2100 EUR/USD held resistance yesterday, but the dollar is...

EUR/JPY B 135.18 Limit 137.10 +192 GBP/CHF B 2.1951 Exit 2.2200+249 Current Positions USD/CHF B 1.2661, 1.2611, 1.2539,1.2002 Limit 1.25* EUR/GBP S .6690, .6707, .6754, .6795, .6963 Limit .6875* USD/JPY B 106.14 Limit 109.30 NZD/USD B .6866 Limit .7180 EUR/CHF B 1.5289 Limit 1.5460...

USD/CHF B 1.2661, 1.2611, 1.2539,1.2002 Limit 1.25 EUR/GBP S .6690, .6707, .6754, .6795, .6963* Limit .6875 USD/JPY B 106.14 Limit 109.30 NZD/USD B .6866 Limit .7180 EUR/JPY B 135.18 Limit 137.10 EUR/CHF B 1.5289 Limit 1.5460 GBP/CHF B 2.1951 Limit 1.2420 *Final add on EUR/GBP was...

Please recall that I do not use price stops, nor do I use time stops anymore. As I am trading a system, I only exit when I get an exit signal. Because of the strong trend in USD/CHF and EUR/GBP, there has not been a strong exit signal on these two pairs for the last month. When I do...

Hi everybody. Back from an amazing meditative vacation in Thailand, Cambodia and Laos. Now, I'm ready for more trading. I learned something about myself and thus my trading last week in the middle of the jungle, if you accept your reality, I mean truly accept it in your heart, then your reality...