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    Saki's Forex Reversal Journal

    I know NOTHING about coding, so please refer to the http://www.visualtradingcharts.com/forum/ website if this is incomplete in any way. MAF := Mov(Pr,tPr,mt); MABk:= Mov(Pr2,tPr2,mt2); HL200 := mov(ref(H,-1) - ref(L,-1), 200, S); MADiff:= (MAF - MABk)/HL200; {*5000;} MADS:=...
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    Saki's Forex Reversal Journal

    Sorry, this is incorrect. Daimyo indicated a sell and 8 hours later, EUR/GBP hit the 8/8th level at .6875 and has since began to reverse. However, the trade is still down a bundle, about 490 pips. I have added my final position to this trade today. I was feeling very confident last month and...
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    Saki's Forex Reversal Journal

    Thanks Steve!
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    Saki's Forex Reversal Journal

    I recalculate the first day of the new month, or when the -2/6ths or +2/6ths levels has been severly violated. So USD/CAD needs to be recalculated. The current 4/8th for GBP/USD is 1.8125, this is the top for today so far. I hope its wrong, I hope we see the 8/8th soon at 1.8437, but, as I am...
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    Saki's Forex Reversal Journal

    GBP/JPY +495 EUR/USD+121 GBP/USD+511 EUR/AUD+409 NZD/USD+308 ___________ Total +1844* *Does not include pips from accumulated interest, I don't have time to calculate this. My estimate is that it adds about 10% or about 184.4 pips. Current Positions USD/CHF B 1.2661, 1.2611...
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    Saki's Forex Reversal Journal

    Thanks for your question. The USD/CAD levels I am using haven't been violated, -2/8ths is 1.2656. And to answer your question...I struggled with this for a few months and then realized that if the levels were violated, they were usually violated by at least 2 more frames, so the point is...
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    Saki's Forex Reversal Journal

    GBP/USD B 1.8124, 1.7953 Limit 1.8125 +1, +172 Current Positions* USD/CHF B 1.2661, 1.2611, 1.2539 Limit 1.2800 EUR/GBP S .6690, .6707, .6754, .6795 Limit .6700 *Now I can travel without worry that I will come back to a major portfolio shock. Will leave next Monday for about 4 weeks...
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    Saki's Forex Reversal Journal

    GBP/JPY B 200.10 Limit 200.13 +3* But also booked about 50 pips in accumulated interest as I held this position for about 4 weeks. Collected interest is my cushion to prevent stopping out of trades which don't bounce/sell off after entry. In this case, it was almost 700 pips before the trend...
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    Saki's Forex Reversal Journal

    NZD/USD B .6580, .6486 Sold .6687 +107, +201 Current Positions GBP/USD B 1.8124, 1.7953 Limit 1.8125 USD/CHF B 1.2661, 1.2611, 1.2539 Limit 1.2800 EUR/GBP S .6690, .6707, .6754, .6795 Limit .6700 GBP/JPY B 200.10 Limit 200.10
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    Saki's Forex Reversal Journal

    EUR/USD B 1.2176 Closed 1.2297 +121* EUR/AUD S 1.7502 Limit 1.7300 +202 GBP/JPY B 196.90 Closed 198.62 +172 Current Positions GBP/USD B 1.8124, 1.7953 Limit 1.8125 USD/CHF B 1.2661, 1.2611, 1.2539 Limit 1.2800 EUR/GBP S .6690, .6707, .6754, .6795 Limit .6700 GBP/JPY B 200.10 Limit 200...
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    Saki's Forex Reversal Journal

    EUR/USD B 1.2176 Limit 1.2400 GBP/USD B 1.8124, 1.7953 Limit 1.8125 USD/CHF B 1.2661, 1.2611, 1.2539* Limit 1.2800 EUR/GBP S .6690, .6707, .6754, .6795 Limit .6700 GBP/JPY B 200.10, 196.90 Limit 200 NZD/USD B .6580, .6486 Limit .6700 EUR/AUD S 1.7502 Limit 1.7300 I will be going on an...
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    Saki's Forex Reversal Journal

    GBP/USD B 1.7767 Sold 1.7935 +168 Indicating 4 hour overbought levels again. Current Positions EUR/USD B 1.2176 Limit 1.2500 GBP/USD B 1.8124, 1.7953 Limit 1.8125 USD/CHF B 1.2661, 1.2611 Limit 1.3110 EUR/GBP S .6690, .6707, .6754, .6795 Limit .6570 GBP/JPY B 200.10, 196.90 Limit 200...
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    Saki's Forex Reversal Journal

    EUR/USD B 1.2176 Limit 1.2500 GBP/USD B 1.8124, 1.7953, 1.7767* Limit 1.8125 USD/CHF B 1.2661, 1.2611 Limit 1.3110 EUR/GBP S .6690, .6707, .6754, .6795 Limit .6570 GBP/JPY B 200.10, 196.90 Limit 200 NZD/USD B .6580, .6486 Limit .6740 EUR/AUD S 1.7502 Limit 1.6875
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    Saki's Forex Reversal Journal

    Feeling a little hairy so I'm taking some profits here, this has always turned out to be a mistake, a lapse in discipline, as my limit prices have reached on 98 out of 100 trades it seems, but only the market knows what will happen my friends! Closed Trades GBP/JPY B 193.84 Sold 197.04...
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    Saki's Forex Reversal Journal

    EUR/USD B 1.2176 Limit 1.2500 GBP/USD B 1.8124, 1.7953, 1.7815 Limit 1.8125 USD/CHF B 1.2661, 1.2611 Limit 1.3110 EUR/GBP S .6690, .6707, .6754, .6795 Limit .6570 GBP/JPY B 200.10, 196.90, 193.84 Limit 200 NZD/USD B .6580, .6486 Limit .6740 EUR/AUD S 1.7502, 1.7679* Limit 1.6875
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    Saki's Forex Reversal Journal

    EUR/USD B 1.2176 Limit 1.2500 GBP/USD B 1.8124, 1.7953, 1.7815** Limit 1.8125 USD/CHF B 1.2661, 1.2611 Limit 1.3110 EUR/GBP S .6690, .6707, .6754, .6795 Limit .6570 GBP/JPY B 200.10, 196.90, 193.84* Limit 200 NZD/USD B .6580, .6486 Limit .6740 EUR/AUD S 1.7502 Limit 1.7180 **Had the...
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    Saki's Forex Reversal Journal

    By the way, I just wanted to clarify that my system uses three indicators for entry, the daimyo, bollingers with fiblines and square of 9 levels. If the market is in fact trending, it is STILL possible to buy an oversold condition and trade with the trend. This can still be defined as a...
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    Saki's Forex Reversal Journal

    EUR/USD B 1.2176 Limit 1.2500 GBP/USD B 1.8124, 1.7953, 1.7715* Limit 1.8125 USD/CHF B 1.2661, 1.2611 Limit 1.3110 EUR/GBP S .6690, .6707, .6754, .6795 Limit .6570 GBP/JPY B 200.10, 196.90 Limit 204 NZD/USD B .6580, .6486 Limit .6740 EUR/AUD S 1.7502 Limit 1.7180
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    Saki's Forex Reversal Journal

    EUR/USD B 1.2176 Limit 1.2500 GBP/USD B 1.8124, 1.7953 Limit 1.8437 USD/CHF B 1.2661, 1.2611* Limit 1.3110 EUR/GBP S .6690, .6707, .6754, .6795 Limit .6570 GBP/JPY B 200.10, 196.90 Limit 204 NZD/USD B .6580, .6486 Limit .6740 EUR/AUD S 1.7502 Limit 1.7180
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    Saki's Forex Reversal Journal

    My primary indicator, the Daimyo, has a MACD component built into its moving average. I agree, MACD is very helpful in minimizing drawdowns. But then, so is entering at the beginning of a trend:cool:
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