Baruch's Forex System Journal

[Baruch]

Quote from panyc:

is there any particular reason why you feel that EMA20
is too short term? it seems to generate more entry
positions than MA50...

jerome

Hi jerome,

Yes, and that's the problem, I suppose. More entry positions - and more bad signals, I suppose. You may get destroyed in a trading range. What time frame do you use?

 

[Samson77]

 

[panyc]

I use 30min time frame. Usu i go down to 5min b4 i enter my
positions. Do you know of a better way?

Jerome

 

[Baruch]

Quote from panyc:

I use 30min time frame. Usu i go down to 5min b4 i enter my
positions. Do you know of a better way?

Jerome

Hi jerome,

No.

 

[Baruch]

Quote from panyc:

I use EMA20 personally, making use of RSI, momentum and slow stochs to determine my entry and exit positions. Though my
results are certainly not as spectacular as yours.

I took a look at your rules and I found the RSI strange, because
on my charts, RSI50 is above 55 most of the time and yet long
positions appeared correct. Do you consistently trade with RSI
>55?

And what sessions do you trade? Me primarily NY session. Just
wondering if you trade apart from NY and London since some of
the cross-overs take place at times other than these.

Jerome

Hi jerome,

When do you got your last signal?

 

[Baruch]

Quote from Baruch:

I am flat now - because it's soon weekend.

Did some thinking in Rome about my strategy. I will now try to let the profit get a free ride - like today. I don't care about my wins ratio - only the pips counts now.

Bad decision. Why be afraid of weekends? Maybe I should just keep my short positions until a buy signal arrives - and my long positions until a sell signal arrives?
My own thinkning always cost me pips. Maybe I should let the system do all the thinkning? It's smarter than me...

 

[Baruch]

Quote from Baruch:

Hi jerome,

When do you got your last signal?

Hi Jerome,

You have just got a buy signal. Right?

 

[Baruch]

Hi Samson77,

Thank you. How do you trade?

 

[Baruch]

Buy signal. Went long @10 (future).

 

[Baruch]

Quote from Baruch:

Hi Jerome,

You have just got a buy signal. Right?

Hi again,

Good signal. And around 25 pips better than my buy signal.