Baruch's Forex System Journal

manz66 · Mar 24, 2004

http://www.4castweb.com/

Jayford · Mar 24, 2004

Long "cable" huh?

Looks like we have an ex interbank dealer here.

Cool.

Jay

Baruch · Mar 24, 2004

Quote from manz66:

http://www.4castweb.com/

Hi manz66,

Thank you for the link. I will check it out.
All kind of good links are welcome in my thread.
I suppose you also have some system-links?

Baruch · Mar 24, 2004

Quote from Baruch:

Hi manz66,

Thank you for the link. I will check it out.
All kind of good links are welcome in my thread.
I suppose you also have some system-links?

A good link:

http://www.fullermoney.com

Baruch · Mar 25, 2004

Quote from Baruch:

A good link:

http://www.fullermoney.com

Another good link if you want to know what's happening in the world:

http://www.economist.com

Baruch · Mar 25, 2004

Quote from manz66:

with 30 pips stoploss and when they are up 15 pips breakeven, then if goes more trailing stop with 10 pips.

If trailing stop executed then renter again and add positions, depend on the retracement.

How many pips?

manz66 · Mar 25, 2004

Quote from Baruch:

How many pips?

Hi Baruch,

I do not understand your question. I entered long cable time 15:30 central at 1.8240 with 30 pips stoploss , then it went to 1.8264, so I locked profit at 1.8255. Trailing stop was not executed, because it did not reach 1.8265 (trailing stop starts at 10 pips difference from 1.8255).

Again time 17:05 central, entered at 1.8232 after retracement locked profit at 1.8247. Trailing stop became active this time at 1.8257, then it reached 1.8263 after that it dropped again, and I got out at 1.8257 by trailing stop. Since it could not break 1.8264 after two retracement I shorted cable.

As I play support/resistance, scalping and breakout, I was showing you how to play counter trading for short time or scalping, even against strong trend, and still can survive.

Although it was not the right time to trade like this, since mkt was trending, this kind of trade should not be done only when the market is in range bound or choppy, but it is viable trading style.

manz66 · Mar 25, 2004

Quote from Baruch:

Another good link if you want to know what's happening in the world:

http://www.economist.com

Thank you for the links. Goodluck.

Baruch · Mar 25, 2004

Quote from manz66:

Hi Baruch,

I do not understand your question. I entered long cable time 15:30 central at 1.8240 with 30 pips stoploss , then it went to 1.8264, so I locked profit at 1.8255. Trailing stop was not executed, because it did not reach 1.8265 (trailing stop starts at 10 pips difference from 1.8255).

Again time 17:05 central, entered at 1.8232 after retracement locked profit at 1.8247. Trailing stop became active this time at 1.8257, then it reached 1.8263 after that it dropped again, and I got out at 1.8257 by trailing stop. Since it could not break 1.8264 after two retracement I shorted cable.

As I play support/resistance, scalping and breakout, I was showing you how to play counter trading for short time or scalping, even against strong trend, and still can survive.

Although it was not the right time to trade like this, since mkt was trending, this kind of trade should not be done only when the market is in range bound or choppy, but it is viable trading style.

Baruch · Mar 25, 2004

Quote from Baruch:

Hi again,

Well done. I meant how many pips away from your entry was placed. Do you use a automatic trailing stop? (When I write about my trailing stop, it's a stop I have to move myself..).