Baruch's Forex System Journal

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Quote from easyrider:

Have any of you guys made any money off the euro since yesterdays close? Ive made four trades and am breakeven minus commissions. Hard to trade imo. Lots of movement but pretty erratic.
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Hey easy, looks like Baruch outperformed me, I really had no "luck" in the EUR, I got chopped repeatedly and was down a good 40T before I stopped. Had a very decent EUR play the day before though, and a good ES trade, so it's fine.

Can't always win. Don't assume though just because EUR chops sometimes, that it isn't overly rewarding when it trends. I believe it's really worth sitting in until it gets moving. Once it goes, it goes. I stay with the EUR, and just try to be on side of trend at all times...
 
Quote from Scientist:

Hey easy, looks like Baruch outperformed me, I really had no "luck" in the EUR, I got chopped repeatedly and was down a good 40T before I stopped. Had a very decent EUR play the day before though, and a good ES trade, so it's fine.

Can't always win. Don't assume though just because EUR chops sometimes, that it isn't overly rewarding when it trends. I believe it's really worth sitting in until it gets moving. Once it goes, it goes. I stay with the EUR, and just try to be on side of trend at all times...
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Hi Sci,

I know you love fast markets (and cars). Have you tried GBP? The fastest forex game in town, I suppose.
 
Quote from Baruch:

Flat again with a gain of 8 pips. Maybe I did move s/l too quickly? But it looked like a spike to me.
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It was a mistake. Didn't noticed the news (good Q4 GB).
 
Quote from Baruch:

Hi Sci,

I know you love fast markets (and cars). Have you tried GBP? The fastest forex game in town, I suppose.
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GBP gave a buy signal 100 pips away. Well, I think I must trade this one again.
 
Quote from Baruch:

Long EUR June future from 17.
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L 117? Ironically that's where I took half my profits on a long!

I went on a risky long at bottom of 60m channel (065), and closed 1/2 here at 120, so +55, while targetting about 165 (+100) on the rest...

I'll attach the chart, picture says more than a thousand words. :)

Jay, any comments to this? Would you consider this one too bold a trade for yourself? What do you personally think about the strength of downtrend faded and R:R in this trade?
 

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Quote from Baruch:

It was a mistake. Didn't noticed the news (good Q4 GB).
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A very bad day for me. Couldn't take the first (sell) signal because of tech problems. And when I took the buy signal, I was stopped out with a tiny profit, because I moved my s/l too early. I think I will stop trading more today.
 
Quote from Baruch:

A very bad day for me. Couldn't take the first (sell) signal because of tech problems. And when I took the buy signal, I was stopped out with a tiny profit, because I moved my s/l too early. I think I will stop trading more today.
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But the system works very well.
 
Quote from Baruch:

Hi Sci,

Good idea with music while trading. I listen to opera - I love Verdi and Puccini (and Maria Callas...).
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Oh man, you're into Giuseppe? Awesome!!! I love that stuff!

Do you like Vivaldi at all? I'm listening to Gloria in D right now!

I also listen to the album "Pure" by a singer called Hayley Westenra, she's like 16 years old now but a total prodigy, with a voice like an angel, it's unbelievable! She sings with the finest voice, flawlessly, in several languages, including English, Italian, German, and Maori (she's from New Zealand). She's sung in the world's greatest opera houses by now, it's amazing!

You should hear her version of "In Trutina" or "Dark Waltz", or "Wuthering Heights", it's simply divine. But she does a lot of different things...

The first time, when I'd just gotten the album, I was driving home on the freeway with my gf, the music on my car stereo, and got so deeply carried away that I drove on the wrong side of the road and nearly hit another car front-on at 110! :eek:
 
Quote from Scientist:

L 117? Ironically that's where I took half my profits on a long!

I went on a risky long at bottom of 60m channel (065), and closed 1/2 here at 120, so +55, while targetting about 165 (+100) on the rest...

I'll attach the chart, picture says more than a thousand words. :)

Jay, any comments to this? Would you consider this one too bold a trade for yourself? What do you personally think about the strength of downtrend faded and R:R in this trade?
More...
... 165 - Hit & Filled. Out +100. Reasons see chart.

Jayford, what would you've done? Think EUR might break to upside? I personally wonder a bit. I'll just stand back and wait till decent setup comes or trend clearly changes. Why gamble.
 

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