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Baruch's Forex System Journal
- Thread starter Baruch
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Quote from Scientist:
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. Don't walk into that trap of all traders. Just relax, stop second-guessing and let the edge work for you.
I don't second-guess. I just execute. My current trade standings:
GBP Short: ~ +55 T
EUR Short: ~ +70 T
JPY Long: ~ +200T
Scientist,
You misunderstand me. I take all the signals, when I am trading (and not sleeping). No cherry-picking. I believe in my system. But, as you know, I also take profits - and then the buy or sell signal still is there.
My system makes many signals in GBP, not in EUR og CHF. But when it does, they are very good signals.
P.S. Congratulations with your many pips today. Last week it was me who had the best score. That's life. I have only today made 45 in GBP, but that's OK.
Today I have spend more time on writing and posting than trading. It's OK, but I need to focus more time on trading (and other things), so I will not post so much more. I will try to post only after the trading day.
Besides trading the system - which had proved in real-time it makes pips - I also want to make my own non-system trades. (Today I have not traded Euro, because there was no signals).
You are always velcome to ask me about anything, and Scientist & Co. are velcome to use my thread to publish their trades and comments, as they like. I love to read them.
Besides trading the system - which had proved in real-time it makes pips - I also want to make my own non-system trades. (Today I have not traded Euro, because there was no signals).
You are always velcome to ask me about anything, and Scientist & Co. are velcome to use my thread to publish their trades and comments, as they like. I love to read them.
Hey Jay,Quote from Jayford:
euro running now (downhill).
Will you hold through this big support coming up (121.33) if volume still supports it.
Just curious.
(I know I wouldn't).
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 others will weaken... That includes Yen. I will wait how the US markets develop today, and might go flat the yen if nothing happens (like penetration of the 9290 level)
All that said, I am waiting for a good discount point to re-enter the EUR. I just think it's a hint too oversold at the moment, so I exited (grab & run).
Quote from Scientist:
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).
Scientist,
I am glad that you are not a scalper anymore. Remember when I told you that riding the profit was far better than scalping? And you would'nt believe it?
LOL Baruch? Who says I don't scalp anymore?Quote from Baruch:
Scientist,
I am glad that you are not a scalper anymore. Remember when I told you that riding the profit was far better than scalping? And you would'nt believe it?
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.
Quote from Scientist:
LOL Baruch?
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.
LOL Scientist,
Oh, still scalping? You had'nt told us - before now. Good luck anyway. 60 trades?! I suppose IB must love you.
P.S. Are you also scalping the girls in Australia?
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