Baruch's Forex System Journal

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Quote from Samson77:

Hi Baruch

The thread looked very interesting and I thought I would follow it.

Like you I trade off a 30 min chart but mostly Support and Resistance. (Naked) I do use the 20, 34 and 50 ema as guides.

I look for low risk to reward ratio trades in the area of 5:1.

Your style is excellent and I thank you for sharing it ... I will check it out and do some back testing to see if it can fit into my trading.

Thanks again and congratulations on an excellent job.:)
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Hi again,

Thank you.
Any indicators (like RSI, momentum...)?
 
Quote from panyc:

hi baruch

yepz i saw the same trading positions, alas only this
morning! =( was dead tired yesterday so i crashed
early.

btw i rem u wrote u trade GBP/USD and EUR/USD?
How do you like their movements? I seem to notice
that GBP lags behind EUR and CHF sometimes, which
is a good entry indication, not to mention it tends to
have larger movements. I like CHF too, seems to
follow technicals rather well. =)

jerome
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Hi again,

Yes, I also traded GBP/USD - but I try to keep it very simple, so now I just trade EUR/USD. But maybe I should try GBP/USD again? And other pairs?
 
Quote from Baruch:

Hi again,

Thank you.
Any indicators (like RSI, momentum...)?
More...

Nope, none totally NAKED except the 3 ma's but I really only use them as guides for direction. :)

Ooops I almost forgot, yes I do use Volume.....
 
Quote from Samson77:

Nope, none totally NAKED except the 3 ma's but I really only use them as guides for direction. :)

Ooops I almost forgot, yes I do use Volume.....
More...

Hi again,

How do you use volume?
 
Quote from Baruch:

Hi again,

How do you use volume?
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Not in any really sophisticated way really.

I simple judge the validity and strength of any price moves by the level of volume that accompanies them.

As an example if one of the indexes breaks out but volume is weak (relative to current market conditions) I may choose to fade the break out just as an example of course, every day and every trade is different.

Like is said before I look for S/R numbers based on previous price action area's and the look for high yielding trades with very tight stops or very high risk to reward ratio's.

The other caveat that I like to use is the other indexes.

As an example I will usually track the ZB, ES, NQ and Russell.

I will always sell the weaker one and buy the stronger one this keeps me out of trouble and limits being stopped out of allot of good trades.

For example the NQ is off 1.00% as we speak yet the Dow is only off .20% and the SP is off .40% and the Rus is off .90% so if I find a short it will be on the NQ or Rus only and any buys I may find will be on the ES or YM.

So I guess you could say I use the other indexes as a indicator of sorts.
 
Quote from Samson77:

Not in any really sophisticated way really.

I simple judge the validity and strength of any price moves by the level of volume that accompanies them.

As an example if one of the indexes breaks out but volume is weak (relative to current market conditions) I may choose to fade the break out just as an example of course, every day and every trade is different.

Like is said before I look for S/R numbers based on previous price action area's and the look for high yielding trades with very tight stops or very high risk to reward ratio's.

The other caveat that I like to use is the other indexes.

As an example I will usually track the ZB, ES, NQ and Russell.

I will always sell the weaker one and buy the stronger one this keeps me out of trouble and limits being stopped out of allot of good trades.

For example the NQ is off 1.00% as we speak yet the Dow is only off .20% and the SP is off .40% and the Rus is off .90% so if I find a short it will be on the NQ or Rus only and any buys I may find will be on the ES or YM.

So I guess you could say I use the other indexes as a indicator of sorts.
More...

Hi again,

Thanks - but the indexes?! Don't you trade forex?
 
Quote from Baruch:

Hi again,

Thanks - but the indexes?! Don't you trade forex?
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No mostly the ZB, ES, NQ, YM and MR. :)

I do position trade the Cdn$ and Euro Fx globex though.
 
Hi Baruch,

Is this thread still discussing your method of trading currency or have you moved onto other things?

Have you modified your method since the first post. I have looked but cannot find any update?

Regards and keep up the good work.:)
 
Quote from toby400:

Hi Baruch,

Is this thread still discussing your method of trading currency or have you moved onto other things?

Have you modified your method since the first post. I have looked but cannot find any update?

Regards and keep up the good work.:)
More...

Hi toby,

1. Both. I still trading my system here - but I love to hear about other ideas and strategies. We are here to learn, I suppose.

2. Yes, I keep testing new ideas all the time. Please read the thread. You will learn a lot - from some great traders, and my mistakes.
 
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