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  1. S

    Saki's Forex Reversal Journal

    Open Trades: 20k Short EUR/USD 1.2540 10k Short EUR/USD 1.2577 20k Short GBP/USD 1.8400* 10k Short GBP/USD 1.8468* Stops on Monday... Closed Trades: 10k Short AUD/USD .7735 Limit .7675 +60 10k Short EUR/USD 1.2435 Exit 1.2370+65 10k Long USD/CHF 1.2500 Exit 1.2540+40 10k Short...
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    How Bout InterbankFX vs Oanda

    you said their spreads are fixed but what about during news events? do they widen to cover their exposure? anyone here actually trade a real money account with them? do they pay carry trade interest on mini lots?
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    Saki's Forex Reversal Journal

    Open Trades: 20k Short EUR/USD 1.2540 20k Short GBP/USD 1.8400 Stops on Monday... Closed Trades: 10k Short AUD/USD .7735 Limit .7675 +60 10k Short EUR/USD 1.2435 Exit 1.2370+65 10k Long USD/CHF 1.2500 Exit 1.2540+40 10k Short AUD/USD .7735 Exit .7685 +45 20k Long USD/JPY Limit...
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    Saki's Forex Reversal Journal

    Best advice. Stick with one currency until you actually "feel" its movements as if it were a living breathing organisim. This will make you understand the market with very pwoerful glasses. Most people start with EUR/USD. You could try AUD/USD since it has slower trends and doesn't ignore levels...
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    Saki's Forex Reversal Journal

    I would never trade off of 5 minute forex data. The markets are far too indecisive on that short a time frame. Price is incredibly memorable and almost always returns to its previous average price. No need to get the timing within 5 minutes. I suppose if you traded news events it could work...
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    Saki's Forex Reversal Journal

    do you mean plot a 55 lwma as an average over all time frames on a single chart? could you share the code for that? Glad you are taking a loook at my journal JR, I`ve been using your cms indicators for a year now. Hope we can work on some systems in the future together =)
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    Saki's Forex Reversal Journal

    1) I use 4 hour, 30 minute and sometimes 1 hour charts. I set up a 55 Linear Weighted Moving average and then I add 55 and 89 levels as basic targets for the first half of my position. My stops are below the most recent low/ or high for shorts. My primary chart is the 4 hour chart. (I use...
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    Saki's Forex Reversal Journal

    FXCM is without a doubt the worst trading platform for retail forex. Drop them immediately. They are sharks. Metatrader is really nice because its free, but what really seperates it from CMS, the other nice free platform for charts, is that it is stable and that`s essential to the longevity...
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    Saki's Forex Reversal Journal

    Closed Trades: 10k Short AUD/USD .7735 Limit .7675 +60 10k Short EUR/USD 1.2435 Exit 1.2370+65 10k Long USD/CHF 1.2500 Exit 1.2540+40 10k Short AUD/USD .7735 Exit .7685 +45 20k Long USD/JPY Limit 110 +90 10k Short AUD/USD .7735 Exit .7565+170 10k Long USD/CHF 1.2505 Exit 1.2710 +205...
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    Saki's Forex Reversal Journal

    switched up to metatrader 4 and was playing around with the tunnel and thought, why not use the bollinger fibo for targets? so now my tunnel is a channel and not a tunnel anymore. this is the 4 hour euro with a 55 lwma and a 55 and 89 factor wrapped around it. works like a support and...
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    Saki's Forex Reversal Journal

    10k Long USD/CAD 1.1893 Stop 1.1899 10k Long USD/CHF 1.2578 Stop 1.2509 Limit 1.2645 10k Short EUR/USD 1.2293 Stop 1.2349 Limit 1.2350 Closed Trades: 10k Short AUD/USD .7735 Limit .7675 +60 10k Short EUR/USD 1.2435 Exit 1.2370+65 10k Long USD/CHF 1.2500 Exit 1.2540+40 10k Short...
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    Saki's Forex Reversal Journal

    10k Long USD/CAD 1.1893 Stop 1.1899 10k Long EUR/USD 1.2193 Stop 1.2250 Closed Trades: 10k Short AUD/USD .7735 Limit .7675 +60 10k Short EUR/USD 1.2435 Exit 1.2370+65 10k Long USD/CHF 1.2500 Exit 1.2540+40 10k Short AUD/USD .7735 Exit .7685 +45 20k Long USD/JPY Limit 110 +90 10k...
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    Saki's Forex Reversal Journal

    20k Long USD/CAD 1.1893 Limit 1.2000 Stop 1.1845 10k Long EUR/USD 1.2193 Stop 1.2200 10k Long AUD/USD .7533 Stop .7535 Closed Trades: 10k Short AUD/USD .7735 Limit .7675 +60 10k Short EUR/USD 1.2435 Exit 1.2370+65 10k Long USD/CHF 1.2500 Exit 1.2540+40 10k Short AUD/USD .7735 Exit...
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    Saki's Forex Reversal Journal

    Open Trades: 10k Long EUR/USD 1.2193 Stop 1.2150 10k Long AUD/USD .7533 Stop .7500 Closed Trades: 10k Short AUD/USD .7735 Limit .7675 +60 10k Short EUR/USD 1.2435 Exit 1.2370+65 10k Long USD/CHF 1.2500 Exit 1.2540+40 10k Short AUD/USD .7735 Exit .7685 +45 20k Long USD/JPY...
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    Saki's Forex Reversal Journal

    Thanks. I want to start applying my system to the futures markets but I have to first get setup properly. I don't really have time this month, but maybe in the future. The data I have now for the futures markets is through a russian CFD dealer and their data is pretty rough. perhaps...
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    Saki's Forex Reversal Journal

    Open Trades: 20k Long EUR/USD 1.2193 Limit 1.2270 Stop 1.2110 20k Long AUD/USD .7533 Limit .7600 Stop .7490 Closed Trades: 10k Short AUD/USD .7735 Limit .7675 +60 10k Short EUR/USD 1.2435 Exit 1.2370+65 10k Long USD/CHF 1.2500 Exit 1.2540+40 10k Short AUD/USD .7735 Exit .7685...
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    Saki's Forex Reversal Journal

    Waiting for spreads to tighten on Euro to reverse Open Trades: None Closed Trades: 10kShort AUD/USD .7735 Limit .7675 +60 10k Short EUR/USD 1.2435 Exit 1.2370+65 10k Long USD/CHF 1.2500 Exit 1.2540+40 10k Short AUD/USD .7735 Exit .7685 +45 20k Long USD/JPY Limit 110 +90...
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    I went to Gambler's Anonymous

    i'm glad you found this thread too. learning to acknowledge vice isn't just a necessary trait of succesful professionals, it is one of the most fundamental challenges of human existence, whether you aspire to be rich or just die with good karma, self-analysis will always yield understanding...
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    Marketing Systems

    I was thinking the exact same thing. I would imagine that a big firm would probably not purchase a system but would rather hire you as a consultant get a few good ideas out of you and therefore would not pay outright for anything. But they probably already have so many really great...
  20. S

    Saki's Forex Reversal Journal

    Open Trades: 10kShort EUR/USD 1.2435 Limit on half 1.2345 Stop 1.2310 Closed Trades: 10kShort AUD/USD .7735 Limit on half .7675 Stop .7730 10k Short EUR/USD 1.2435 on half 1.2370+65 10k Long USD/CHF 1.2500 on half 1.2540+40 10k Short AUD/USD .7735 on half .7685 +45 20k Long...
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