Baruch's Forex System Journal

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Quote from Jetheat:

Baruch, The RSI was just used for the entry but this problem stems after the entry. It's all about exiting or moving stop losses. Do you know the answer to that problem?

Hi again,

Exit is more important than entry - and a lot more difficult. If you read the whole thread you will see that we more discuss exit than entry. A trailing stop is not perfect, but it could a solution.
 
Quote from Baruch:

Dear friends,

I am back! See you later.

Yes, now I am back again and will trade my system realtime again here. I have been busy trying to trade other systems, but I think this is the best. So I start again.
Stay tuned.

P.S. Right now we would have been short in euro/usd from the 1.2150 area...
 
Quote from Baruch:

Yes, now I am back again and will trade my system realtime again here. I have been busy trying to trade other systems, but I think this is the best. So I start again.
Stay tuned.

P.S. Right now we would have been short in euro/usd from the 1.2150 area...

Really? So you are using this as a longer term strategy?

What about the spike up on the 7th and crosses around 1.1850 over the 50ma the last day or 2.
 
Quote from Wyatt:

Really? So you are using this as a longer term strategy?

What about the spike up on the 7th and crosses around 1.1850 over the 50ma the last day or 2.

I didn't took notice of the stop hunting spike before the news Friday.
 
Quote from Baruch:

I didn't took notice of the stop hunting spike before the news Friday.

No, I happened so fast that I couldn't react - and than you you for that. That gave me 300 pips in euro, but I'm out, because I didn't catch the buy signal, because I was sitting before my PC, when it came. Yes, we need an alarm - or a robot.
 
Quote from Baruch:

No, I happened so fast that I couldn't react - and than you you for that. That gave me 300 pips in euro, but I'm out, because I didn't catch the buy signal, because I was sitting before my PC, when it came. Yes, we need an alarm - or a robot.

Sorry: No, it ...
 
Quote from Baruch:

No, I happened so fast that I couldn't react - and than you you for that. That gave me 300 pips in euro, but I'm out, because I didn't catch the buy signal, because I was sitting before my PC, when it came. Yes, we need an alarm - or a robot.

Well, that was the good news (300 pips).

But I suppose I must tell the bad news also: Because of the important number I only had a small position - 1/3 of my normal. So the 300 pips are really only 100 pips. Stupid me.
 
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