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  1. S

    Baruch's Forex System Journal

    Damn, I really have to work on changing my opinion during the trading day! The Yen rallied another 120T over night after I covered! Damnit! I am sour about this one, but then I guess that's just greed creeping in. I can condole myself by saying I took enough gain to buy myself a new car. Or...
  2. S

    Baruch's Forex System Journal

    Now, how was that one for a perfect entry, folks? Picked the top within 2T! Jeez, I love doin' this! :p Well, later on, (supported by the round number and the GBP strength) it was clear that the 1.2200 was going to hold, so I scaled out over the 205-200 level, covering with a position...
  3. S

    Baruch's Forex System Journal

    Well, later on, the tape was clearly in favor of buying this issue higher up, so I decided to wait for a retracement to exit flat. My stop 2T below the prior high (045) never got touched, a little retrace happened, and I finally exited all at ~ -9T on most of the position. Since I was...
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    Baruch's Forex System Journal

    Update: Just completed fill for short EUR @1.2230
  5. S

    Baruch's Forex System Journal

    Looks like it was the right decision. Re-entered GBP short at 18014-18 level (top of channel). P.S: Far out! Starting to look like I covered the EUR right at the bottom! :eek:
  6. S

    Baruch's Forex System Journal

    Lost faith in JPY long (lots of selloff on tape), exited all here at 9270 level, with a position average gain of +216 T. Waiting to position for short around 9275 level. Also, finally lost faith GBP short, exited here at 17990 level, for a mere ~+30 pips.
  7. S

    Baruch's Forex System Journal

    LOL Baruch? Who says I don't scalp anymore? I am scalping the ER2 right now, I've had over 60 trades since 9:30 EST... It's the most profitable and low-risk way to trade. The shorter timeframe you go, the more swings you can take. If you want it really easy, go and position trade.
  8. S

    Baruch's Forex System Journal

    Hey Jay, I closed at the 150 level, didn't wait till 33, and wonder if it hits. The SPooz are pretty strong now that the ES halted 1 point above 1100, reversed on the dime and never looked back. This is probably not the best news for the EUR, so to speak. If the greenback strengthens, the...
  9. S

    Baruch's Forex System Journal

    Finally closed EUR short at 150, net on that is +86 T. Still holding GBP short (although it's pretty reluctant). Holding JPY long with reinforced confidence (volume decline on pullback).
  10. S

    Baruch's Forex System Journal

    Volume is showing no sign of exhaustion whatsoever yet. So I'm holding.
  11. S

    Baruch's Forex System Journal

    You need to backtest the $hit out of your system until you have the confidence to take every signal it makes. If you don't do that, and try to cherry-pick your trades, you will most likely lose, even with the best system. You simply can't know in advance whether a trade is gonna work or not...
  12. S

    Baruch's Forex System Journal

    Damnit, I was distracted and oversaw a brilliant, super-low risk re-entry opportunity to double that GBP short at 1.8014... I missed an easy 20-30 pips... Damn, damn, damn. *bitchslapping myself* Remaining Short EUR 1/3, Short GBP 1/2, Long JPY 2/3.
  13. S

    Baruch's Forex System Journal

    Baruch, sorry I didn't see this earlier... Comments to your RSI problem? One word: "Test".
  14. S

    Baruch's Forex System Journal

    Yes, I thought so, our styles seems quite similar. I've just taken some off at the 70-80 level (this 15m bar looks like a real bear / rejection bar), because of obvious profit-taking at this level, but am scared to go short here, because this looks like a very powerful uptrend. Profit-taking...
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    Baruch's Forex System Journal

    Well, that's exactly what I'm looking at, too. What worries me though is the good selloff in the Euro and the decent buying that has come in in the Yen just then! I think I may just hold here, maybe drop a little bit off at higher levels. Unless we see the Europe currencies recover a bit, I see...
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    Baruch's Forex System Journal

    OK, so we've got the same position here. I've been long JPY/USD since Monday as well, it's up about 210 pips ($2,625 per contract) right now, but I might take at least a third off here. Not too sure yet, eyes glued to the tapes...
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    Baruch's Forex System Journal

    :eek: :D Thank you for your donation towards fulfilling a poor, lonely, cathode-radiation-blind trader's dreams! :p
  18. S

    Baruch's Forex System Journal

    Wow. 1,200+ contracts went long at the market on this bar, it's all over... Holding JPY longs here with firm faith in the land of the rising sun. Hitotsu! Makoto Nomichi-O Mamoru Koto! :D
  19. S

    Baruch's Forex System Journal

    2/3 of profit taken as announced, covered here at 190 (tape going green now on size, seems a bit like support), net gain on on that part is +46 pips. Possible continuation play on rest, but stop now below BE (upper channel), so all profits locked in. Might also re-enter EUR short somewhere up...
  20. S

    Baruch's Forex System Journal

    Baruch, wtf are you talking about? :confused: GBP hasn't even managed to test the 2:00 est bar high, it missed it by 4 pips and turned straight around. And we're in a downward channel. I posted the appropriate charts this morning, hours ago. As for now, I can't complain. My EUR and GBP...
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