You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Baruch's Forex System Journal
- Thread starter Baruch
- Start date
- Status
- Not open for further replies.
Too bad ya had a shakeout there. Nice spike afterwards. Hard to keep good profits on those quick moves though, unless you are trading for targets vs lettin em run.
I've been in yen myself as Euro/pound have inside days which i find tough. Yen showed early strength, and then moved outta range. I prefer to concentrate on one puppy at a time, but then again, I'm not mechanical like you. With a mechanical system, you could do a dozen at a time easily, depending on liquidity of each market.
Other than RSI, maybe look at MACD on a histogram. Go with direction of slope. Not that I'm a big indicator guy, but just seems to be more intuitive to me.
Jay
I've been in yen myself as Euro/pound have inside days which i find tough. Yen showed early strength, and then moved outta range. I prefer to concentrate on one puppy at a time, but then again, I'm not mechanical like you. With a mechanical system, you could do a dozen at a time easily, depending on liquidity of each market.
Other than RSI, maybe look at MACD on a histogram. Go with direction of slope. Not that I'm a big indicator guy, but just seems to be more intuitive to me.
Jay
Quote from Jayford:
Too bad ya had a shakeout there. Nice spike afterwards. Hard to keep good profits on those quick moves though, unless you are trading for targets vs lettin em run.
I've been in yen myself as Euro/pound have inside days which i find tough. Yen showed early strength, and then moved outta range. I prefer to concentrate on one puppy at a time, but then again, I'm not mechanical like you. With a mechanical system, you could do a dozen at a time easily, depending on liquidity of each market.
Other than RSI, maybe look at MACD on a histogram. Go with direction of slope. Not that I'm a big indicator guy, but just seems to be more intuitive to me.
Jay
Hi Jay,
Thanks for the idea. I will check it out.
So you trade the yen?! OK, you must have very good nerves, I suppose.
I trade, in order of preference, Euro, Pound, Yen. The Yen is not nearly as good technically speaking, most of the time. But it is often easier when the European markets are sideways.
I trade for targets in Yen. Don't let it run.
I also trade CD, and Aussie, but only position trades, and not very often.
Jay
I trade for targets in Yen. Don't let it run.
I also trade CD, and Aussie, but only position trades, and not very often.
Jay
Quote from Jayford:
How long have you been trading forex?
That is a SUPERB result. If you can do one fifth of that consistently, you will become a very wealthy trader.
Jay
Agreed............. If today were a boxing match btwn Baruch and Mr FX Mrkt it wudda been a 1st round knockout ........
- Status
- Not open for further replies.