Saki's Forex Reversal Journal

EUR/USD B 1.2176 Limit 1.2400
GBP/USD B 1.8124 Limit 1.84
USD/CAD B 1.3119, 1.3114, 1.3051, 1.2969 Limit 1.3270
EUR/AUD B 1.7265, 1.7088 Limit 1.7330
EUR/GBP S .6690, .6707, .6754 Limit .6650
GBP/JPY B 200.10 Limit 204


Closed Trades
NZD/USD S .6561, .6640, .6744 Covered .6603 -42, .6609 +31, .6609 +135. But 10 seconds after covering it collapsed another 30 pips:mad:
 
EUR/USD B 1.2176 Limit 1.2400
GBP/USD B 1.8124, 1.7953* Limit 1.84
USD/CAD B 1.3119, 1.3114, 1.3051, 1.2969 Limit 1.3270
EUR/AUD B 1.7265, 1.7088 Limit 1.7330
EUR/GBP S .6690, .6707, .6754 Limit .6650
GBP/JPY B 200.10, 196.90* Limit 204
NZD/USD B .6580* Limit .6740
 
EUR/USD B 1.2176 Limit 1.2400
GBP/USD B 1.8124, 1.7953 Limit 1.84
USD/CAD B 1.3119, 1.3114, 1.3051, 1.2969 Limit 1.3270
EUR/AUD B 1.7265, 1.7088 Limit 1.7330
EUR/GBP S .6690, .6707, .6754 Limit .6650
GBP/JPY B 200.10, 196.90 Limit 204
NZD/USD B .6580, .6486* Limit .6740

According to IFR liquidity is a major factor in the swift declines today, not any fundamental macro shift. This is a perfect opportunity to pick up more high yielding currencies(NZD).
 
USD/CAD B 1.3119, 1.3114, 1.3051, 1.2969
Limit 1.3240 +121, +126, +189, +271

EUR/AUD B 1.7265, 1.7088 Limit 1.7330 +65, +242


These are the last two trades which carried negative overnight interest balances. I will not be opening anymore trades with negative overnight interest regardless of the reversal signals I see.
 
EUR/USD B 1.2176 Limit 1.2400
GBP/USD B 1.8124, 1.7953 Limit 1.84
USD/CHF B 1.2661* Limit 1.3110
EUR/GBP S .6690, .6707, .6754 Limit .6650
GBP/JPY B 200.10, 196.90 Limit 204
NZD/USD B .6580, .6486 Limit .6740
 
EUR/USD +347
GBP/USD +606
EUR/CHF +92
USD/CHF +495
USD/CAD +707
NZD/USD +289
AUD/USD +15
EUR/AUD +307
______________
2858*


*I'm using an average of 20k per pip. 2 months of posted journals and a several thousand pips profit, not bad for a washed up futures trader:D
 
Excellent results and system, saki. I was just wondering if you plan on changing your system at all if (when..) the markets start trending again? I'd imagine that could potentially hurt you if you just go off overbought/oversold.
 
Saki-

you visited my journal and I have now seen yours, as I said i would...the thing that strikes me is how much more complex your system is than mine.

however, it looks like it works :cool:
 
EUR/USD B 1.2176 Limit 1.2400
GBP/USD B 1.8124, 1.7953 Limit 1.84
USD/CHF B 1.2661 Limit 1.3110
EUR/GBP S .6690, .6707, .6754, .6795* Limit .6570
GBP/JPY B 200.10, 196.90 Limit 204
NZD/USD B .6580, .6486 Limit .6740
 
Quote from SteveL91:

Excellent results and system, saki. I was just wondering if you plan on changing your system at all if (when..) the markets start trending again? I'd imagine that could potentially hurt you if you just go off overbought/oversold.
More...

Thanks for your comments. Yes, I intend to modify the system once the daily trading range has been violated, I will average in less frequently. I anticipate the trading range will be broken towards the end of the year. When a new prices for the year are carved out, I will expand my primary timeframe(from 4hour to daily). This is an experimental system once which I don't have complete faith in, however it seems to work well at present.
 
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