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+50 pips on that USD/JPY trade, closing 1/2 of the last half of my position and letting the rest run wild. The Yen is on fire tonight, better not fight it!

The last report for today that could also move the USD/JPY is the Japan Industrial Production report, due in less than 2 hours (11:30 PM, NY time). In the meantime I will continue to watch an old Alfred Hitchcock movie.

+25 pips, moving the stop to break-even and closing half of my position. Come on Yen, show me the money! :)

You mean you were already short EUR/AUD? When? By the way, who is your FX or Futures broker?

Keep going Yen, keep going!! Ok, time for a second Heineken, Visaria you want one you lucky AUD/JPY trader? :p

By the way, it seems that you just bought AUD/JPY at resistance level, take a look...

Nope, seems like a non-event so far, phew!

No that means the USD will gain in value against the Yen, so the same dollar will now buy more Yens.

Easy, easy, Visaria :cool:

Yes the USD/JPY pair is often simply called the Yen.

Just bought USD/JPY at 99.20. Pretty sure the Yen is going to go up after the GDP report. (Copycat traders, trade at your own risk, the Yen is a serious beast !!!)

Closing the trade at 1.3490 (+30 pip profit), I am receiving mixed signals from the Euro and the Yen.

GBP/JPY moved 37 pips against your position, where was your stop?

Japan Gross Domestic Product due at 6:50 PM (New York time), get ready for some serious Rock and Roll moves! You are buying GBP/JPY at resistance level, be careful.

Don't worry, you will get your money back in a few hours with the Yen complex, if you play your cards right... :cool:

The eur/usd did not even test the Fib level, which is a good sign. Bought EUR/USD at 1.3460, looking for 40 pip profit, this is a momentum trade.

Sure there are, "The Compleat Day Trader" by Jake Bernstein for example has the TradeStation code plus the backtest results of some of the systems. But you are right, almost 99% of all trading books/seminars never show you any backtest, you just have to trust them and hope their systems work :D

Fine, but these numbers do not say anything about the maximum drawdown you had to endure to obtain these results. For example, making 20% a year is good, but if you had to go through a huge 85% drawdown to make that 20% now that's an entirely different story. (sorry if you already answered...

Seems like the EUR/USD is headed to 1.3440 (38.2% Fibonacci level) after that non-stop vertical rise, and then it will (hopefully) resume its uptrend...

This thread could be more interesting if you added a few comments about the general idea behind your trading decisions, without revealing the details of your system of course.