Baruch's Forex System Journal

[OddTrader]

Quote from Baruch:

OK, in 1973? Was that before World War I or II? How do you got wiped out?

The whole stock market crashed that year.

 

[Jayford]

This is my first try at a screen shot on ET. here goes.

Baruch, this is what I was referring to with a spike moving within my chart paramenters. Also shows how I trade. I took half my position off at the 50% retrace. Other half still on, but with stop just iunder 183.00

Jay

 

[OddTrader]

Quote from Baruch:

Neither do I. I think s/l is 1000 pips away, if he has any. But he has earned a lot of pips.

Perhaps we need to observe much longer time, I guess. Surely he knows how to improve his systems from time to time.

 

[Baruch]

Quote from Jayford:

This is my first try at a screen shot on ET. here goes.

Baruch, this is what I was referring to with a spike moving within my chart paramenters. Also shows how I trade. I took half my position off at the 50% retrace. Other half still on, but with stop just iunder 183.00

Jay

Hi again,

Your first try - and you made it. Congratulations. Nice chart, but very long-term - for me. That's your screen no. 1?
Good spike-strategy, I suppose?

 

[Baruch]

Quote from OddTrader:

The whole stock market crashed that year.

Yes, I know. Energy-crisis and so on. But you had no s/l?

 

[Baruch]

Quote from OddTrader:

Perhaps we need to observe much longer time, I guess. Surely he knows how to improve his systems from time to time.

Yes, or he is a ..... In the long run, he should be wiped out, should'nt he? Or he trade very, very small?

 

[OddTrader]

Quote from OddTrader:

Perhaps we need to observe much longer time, I guess. Surely he knows how to improve his systems from time to time.

When reviewing your systems, Don't forget the importance of how mcuh and how many consecutive trades of drawdown with each system.

Intraday trading would be better to controldrawdown, but the risk/reward ratio can be very poor, mainly due to the stop loss and profit taking strategies.

 

[OddTrader]

Quote from Baruch:

Yes, I know. Energy-crisis and so on. But you had no s/l?

It wasn't trading. It's investment through a friend, under complete trust.

 

[OddTrader]

Quote from Baruch:

Yes, or he is a ..... In the long run, he should be wiped out, should'nt he? Or he trade very, very small?

No comments.

 

[Jayford]

Quote from Baruch:

Hi again,

Your first try - and you made it. Congratulations. Nice chart, but very long-term - for me. That's your screen no. 1?
Good spike-strategy, I suppose?

60 min chart is my bread and butter. I don't make many trades in currencies. I also use a 5 min for actual entry, but not for overall decisions.

I go short term on spoos (ES).

Jay