Saki's Forex Reversal Journal

Sore wa yattenai yo!

I never traded commodities before. Let us know if it fits... my guess is it would work for any market with hedgers and speculators swapping spit everyday.:D
 
I am holding USD/CHF EUR/GBP outside of the system parameters. My square of 9(MMl) longterm lines give me great confidence that we will see1.2500 on USD/CHF in the near future.

EUR/GBP will be exited at .6875 according to square of 9 targets.

My drawdown is more than 45% from top to bottom at present, but I'm holding out, sorry to dissapoint by not posting a loss.:(

This obviously knocks the wind out of my system, but I am further refining my targets because, no matter the time frame these numbers keep appearing in my calculations.
 
Quote from forextrades:

I hope you had a stop. :eek:
More...

When price returns to the median line inside the bollinger I will take my "stop."That is my system and it works, sometimes.:mad:
 
GBP/USD S 1.8698 Exit 1.8850 -152

The first loss for GBP/USD in 3 months. Sure, its ugly and it hurts but I'm still up for the year, albeit by only a few hairs :(

I have decided once I pare my USD/CHF EUR/GBP trades I will be adding a breakout "hedge" system. That is, I will trade two systems on the same account. I will post the rules for this in a few days. I'm working on the stops. Yes, that's right, STOPS!

I'm looking for the range on the daily bars to catch the healthiest trends. So far I am using ATR*3 as a crash stop and a reversal of trend signal as the secondary stop.

Could anyone reccomend a stop logic for daily trend systems in forex?

Thanks!
 
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