FOREX Signals, April 23, 2007
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FOREX signals on this thread. No strings attached.
- Thread starter miniFORTUNE
- Start date
MiniF,
Interesting thread. Please post your buys/sells since inception...trying to figure out rough pips per month. How long have you traded this EOD system?
What is your stop loss on a trade...2 to 3% of committed capital?
Regards,
LS
Interesting thread. Please post your buys/sells since inception...trying to figure out rough pips per month. How long have you traded this EOD system?
What is your stop loss on a trade...2 to 3% of committed capital?
Regards,
LS
longshort247:
Interesting question.
Author will answer in about an hour.
6 PM PST (1 AM Europe time?)
First todays signals.
Best!
mF
Interesting question.
Author will answer in about an hour.
6 PM PST (1 AM Europe time?)
First todays signals.
Best!
mF
FOREX Signals, April 26, 2007
New Signals Alert:
LONG (again): USDJPY
OUT: GBPUSD with decent (paper) profit.
OUT: USDCHF, closing a (paper) short since 4/12 with a good profit.
The only LONG position is the EURUSD, but the indicators used here kind of weakening a little bit.
Paper traders could get out NOW and record a nice profit. If the pair continues faltering it will give an OUT signal tonight or tomorrow.
Best!
mF.
New Signals Alert:
LONG (again): USDJPY
OUT: GBPUSD with decent (paper) profit.
OUT: USDCHF, closing a (paper) short since 4/12 with a good profit.
The only LONG position is the EURUSD, but the indicators used here kind of weakening a little bit.
Paper traders could get out NOW and record a nice profit. If the pair continues faltering it will give an OUT signal tonight or tomorrow.
Best!
mF.
Attachments
Quote from longshort247:
MiniF,
Interesting thread. Please post your buys/sells since inception...trying to figure out rough pips per month. How long have you traded this EOD system?
What is your stop loss on a trade...2 to 3% of committed capital?
Regards,
LS
______________________________
LS:
âPlease post your buys/sells since inceptionâ¦â Yes and No.. better NOT.
The author kept BUY/SELL/OUT for over a year only on two pairs EURO and YEN vs. the $dollar. And they are buried on a Dell desktop that was replaced. The other 6 pairs were added on March 1, 2007 just to show a little more action, since daily signals are boring for people that just look at them. Not necessarily to people willing to trade.
The author could reconstruct for you signals for ONE YEAR using the methodology
explained before. But that will be interpreted as a hind sight by VIPER and all the people that patrol postings at ET and rightfully so.
âHow long have you traded this EOD system. â FOREX for about 11 months since October 2000 until August 2001. The Forex broker used at that time went under and took quite some time to recover funds. Then some trades on a small miniForex account since about March 7 or 8 this year. It takes courage to believe on you own signals. The account could be wiped out and it will be insignificant but pride will get hurt. The account is up more than 60% in less than 2 months. Looking back if the author traded on ALL the Signals the account could be up more than 2 or 3 times. Did not figure out all the PIPS.
By the way 60% is only about $ 150 on a $250 miniForex Account. But if you extrapolate that to normal size account and multiple contracts with big traders like âCharleâ the Thai trader that plunges 50 to 100!!!!!!!!!!!!!!!! Regular size contracts⦠it is in comprehensive but tempting.
The author uses Williams %R methodology on Commodities since July 1975 and MACD discipline since the beginning of 1980 for Commodities and stocks. Tried everything else in the universe of studies, you name them⦠but always comes back to these two.
âWhat is your stop loss on a trade...2 to 3% of committed capital?â Please do not ask that questionâ¦. Is very thorny⦠On stocks the author uses the studies discipline, mostly on weekly and daily charts. Besides it is only 6 and ½ hours of trading. With hardly any surprises. Usually prices are trending before major setbacks. You may look at daily futures and stock prices prior to October 1987 or even 9/11/2001. Who knows who new what.
On miniForex trading since March, the author used 50 pips, 100 pips stops and some were taken. Vividly a stop on AUDUSD was filled, forcing a re-entry with a diminished profit after that. Right now, sorry to say it, no stops are used during wake up hours. A 100 pips stop is entered when sleeping between 10 PM (EST and 6 AM (EST) . Also no trailing stops are used at all. Some how these brokerage houses take them. %R and MACD discipline is used to exit.
Hoping that your question were answered.
Best!
mF.
MiniF,
Interesting thread. Please post your buys/sells since inception...trying to figure out rough pips per month. How long have you traded this EOD system?
What is your stop loss on a trade...2 to 3% of committed capital?
Regards,
LS
______________________________
LS:
âPlease post your buys/sells since inceptionâ¦â Yes and No.. better NOT.
The author kept BUY/SELL/OUT for over a year only on two pairs EURO and YEN vs. the $dollar. And they are buried on a Dell desktop that was replaced. The other 6 pairs were added on March 1, 2007 just to show a little more action, since daily signals are boring for people that just look at them. Not necessarily to people willing to trade.
The author could reconstruct for you signals for ONE YEAR using the methodology
explained before. But that will be interpreted as a hind sight by VIPER and all the people that patrol postings at ET and rightfully so.
âHow long have you traded this EOD system. â FOREX for about 11 months since October 2000 until August 2001. The Forex broker used at that time went under and took quite some time to recover funds. Then some trades on a small miniForex account since about March 7 or 8 this year. It takes courage to believe on you own signals. The account could be wiped out and it will be insignificant but pride will get hurt. The account is up more than 60% in less than 2 months. Looking back if the author traded on ALL the Signals the account could be up more than 2 or 3 times. Did not figure out all the PIPS.
By the way 60% is only about $ 150 on a $250 miniForex Account. But if you extrapolate that to normal size account and multiple contracts with big traders like âCharleâ the Thai trader that plunges 50 to 100!!!!!!!!!!!!!!!! Regular size contracts⦠it is in comprehensive but tempting.
The author uses Williams %R methodology on Commodities since July 1975 and MACD discipline since the beginning of 1980 for Commodities and stocks. Tried everything else in the universe of studies, you name them⦠but always comes back to these two.
âWhat is your stop loss on a trade...2 to 3% of committed capital?â Please do not ask that questionâ¦. Is very thorny⦠On stocks the author uses the studies discipline, mostly on weekly and daily charts. Besides it is only 6 and ½ hours of trading. With hardly any surprises. Usually prices are trending before major setbacks. You may look at daily futures and stock prices prior to October 1987 or even 9/11/2001. Who knows who new what.
On miniForex trading since March, the author used 50 pips, 100 pips stops and some were taken. Vividly a stop on AUDUSD was filled, forcing a re-entry with a diminished profit after that. Right now, sorry to say it, no stops are used during wake up hours. A 100 pips stop is entered when sleeping between 10 PM (EST and 6 AM (EST) . Also no trailing stops are used at all. Some how these brokerage houses take them. %R and MACD discipline is used to exit.
Hoping that your question were answered.
Best!
mF.
Quote from miniFORTUNE:
On miniForex trading since March, the author used 50 pips, 100 pips stops and some were taken. Vividly a stop on AUDUSD was filled, forcing a re-entry with a diminished profit after that. Right now, sorry to say it, no stops are used during wake up hours. A 100 pips stop is entered when sleeping between 10 PM (EST and 6 AM (EST) . Also no trailing stops are used at all. Some how these brokerage houses take them. %R and MACD discipline is used to exit.
"some were taken" -- yes, SL=100 is still far too close, on the daily time frame, particularly for some of the majors. As another recent example, take a look at GBP/USD on Friday the 13th (hah) 2 weeks ago and drill down that morning... a 100-pip, news-driven (US PPI and Trade Balance) drop in less than 2 hours, then the daily uptrend resumes as if nothing happened. Zero impact visible on the daily candles; Williams %R and MACD barely ticked down.
For an intraday trader like me, can't get enough of such vol. If you're focused on the daily time frame, it's just a head fake, a shakeout. If you are there and engaged, it's a perfect opportunity to add to your position. If you are not going to be there, it may be optimal to practice position sizing to comfortably withstand such intraday moves. If you must use a stop during sleep, time away, etc., consider at least 2 x ATR, as a cat stop (catastrophic) only, e.g., around 220 for cable.
partial quote from late apex:
"If you must use a stop during sleep, time away, etc., consider at least 2 x ATR, as a cat stop (catastrophic) only, e.g., around 220 for cable."
__________________________________
Absolutely right.
And then be prepared for surprising fills.
On March 20 USDCAD had a drop of 187 pips in less than 1/2 hour. We read posts all over ET from people that got fills more than 80 pips away from the intended stop.
This is one of the drawbacks of Forex, like limit up/down on Commodities.
But it's worth the risk.
Best!
mF
"If you must use a stop during sleep, time away, etc., consider at least 2 x ATR, as a cat stop (catastrophic) only, e.g., around 220 for cable."
__________________________________
Absolutely right.
And then be prepared for surprising fills.
On March 20 USDCAD had a drop of 187 pips in less than 1/2 hour. We read posts all over ET from people that got fills more than 80 pips away from the intended stop.
This is one of the drawbacks of Forex, like limit up/down on Commodities.
But it's worth the risk.
Best!
mF