Baruch's Forex System Journal

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hi Baruch

i think you're amazing. seems like you are always
getting such great results. can't remember when
was the last time I made more than 50pips in one
transaction.

are you still using 50SMA? I'm keeping track of that
right now, as well as 20EMA, next time I enter I'd
post here, just so the rest of you guys can see whether
I had entered unwisely. It'd be great to see the rest
of the guys trading who're reading this forum to post
as well. =)

We could all learn from each other!

Jerome
 
Quote from panyc:

hi Baruch

i think you're amazing. seems like you are always
getting such great results. can't remember when
was the last time I made more than 50pips in one
transaction.

are you still using 50SMA? I'm keeping track of that
right now, as well as 20EMA, next time I enter I'd
post here, just so the rest of you guys can see whether
I had entered unwisely. It'd be great to see the rest
of the guys trading who're reading this forum to post
as well. =)

We could all learn from each other!

Jerome

hi Jerome,

Yes, your right. We could learn from each other. And I look forward to see some posts from you about your trades.

Yes, I still use 50MA - I have (paper)tested 20MA, but I don't like it. I suppose it's OK, but just not for me.

Many pips? Yes, some days. My big problem is to stay in a good trade. Sometimes I move my stop to b/e (or + 10 pips) too early, because I hate losses.

I don't use 1 min chart anymore - only 5 min and 30 min and 60 min. I hope one day to use 10 min instead of 5 min. I need a longer term view to let the profit run.
 
Quote from Baruch:

hi Jerome,

Yes, your right. We could learn from each other. And I look forward to see some posts from you about your trades.

Yes, I still use 50MA - I have (paper)tested 20MA, but I don't like it. I suppose it's OK, but just not for me.

Many pips? Yes, some days. My big problem is to stay in a good trade. Sometimes I move my stop to b/e (or + 10 pips) too early, because I hate losses.

I don't use 1 min chart anymore - only 5 min and 30 min and 60 min. I hope one day to use 10 min instead of 5 min. I need a longer term view to let the profit run.

But today it would had been better to use 20MA. The sell signal came 20-25 pips earlier.
 
you use 5min charts as well? is this to discern entry
positions?

i tend to look for signs using candlesticks as well...
but definitely still learning, especially since the
candlesticks are different at different time intervals

jerome
 
anyway where are you located baruch?

right now i'm in new york, so the london session's
a rather crabby time for me.

i'm going back to singapore in a month's time,
hopefully then i can be at the computer when
the action's taking place!

jerome
 
Quote from panyc:

you use 5min charts as well? is this to discern entry
positions?

i tend to look for signs using candlesticks as well...
but definitely still learning, especially since the
candlesticks are different at different time intervals

jerome

Hi again,

No, I only use 30 min charts to entry. I use 5 min to know what's happening.

Candlesticks? I know nothing about them, but they looks very complicated to me. I only use line charts.
 
Quote from panyc:

anyway where are you located baruch?

right now i'm in new york, so the london session's
a rather crabby time for me.

i'm going back to singapore in a month's time,
hopefully then i can be at the computer when
the action's taking place!

jerome

Hi again,

I am located in the London zone.

Did you made any trades yesterday?
 
I have just read the book, and I don't think it's good. You don't learn very much, and it's poorly written. You waste your money and time. Only good for newbies.
I can't understand why Mark is such a big shot...
 
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