Saki's Forex Reversal Journal

so far today, pretty damn good on the mm/pivot system. AUD


and CAD both easily made profits while CHF got stopped out.

However there has already been another trade on CHF that reached the 5/8ths and almost hit 4/8ths in only 30 minutes.

[img=http://img70.imageshack.us/img70/8977/mmpivotharmonychf913056bm.th.gif]
CAD has also had another trade today and is up two octaves at 2/8ths

[img=http://img70.imageshack.us/img70/7517/mmpivotharmonycad913057dt.th.gif]


Also, Jpy had a trade, not sure how this will turn out...
mmpivotharmonyjpy91305.gif

As with any reversal system, the problem is that markets sometimes don't retrace. Today is a really good example of a trending market and my new mm/pivot system is still able to adjust to the markets. Today's charts are very encouraging for a short term reversal system.
 
All trades have reached comfortable profit at this time. I will try and track them real-time from now on if I am around and can post them. More than 150 pips since Yesterday =)

Today's trade is up 25 pips for now on EUR...

 
Looks good. Just one caveat about imageshack... if you have a lot of thumbs or direct images on your journal page, it can severely slow down the load time of journal. I had to shut down a journal at moneytec because of all of the thumbnails I had accumulated per journal page. But I also average between 7-10 images per post. At the rate you're going, you should be alright but it's something you should keep in mind.
 
Hi Saki,

I have a question about your pivots. It looks very weird to me because sometimes they are not spaced out evenly. Sometimes, the pivot is very close to S1, while other times, it is far away. Is that how pivots are calculated by the program? Or is this some kind of special pivots? Sorry for the dumb questions.
 
I start my pivots at 10am based on the time of the strategybuilderfx build of metatrader 4. This is an approach I mentioned a few pages ago. Most pivots are counted from the close of trading. These pivots are drawn based on the first expected volatile time of the day. I don't understand the math well enough to say why they are bunched together like that. I have discovered this is important. If the market runs through those clusters, it will continue for a bit. If it fails at that cluster it will reverse quickly.

Good question, I never clarified that in my previous posts.

I'm also experimenting withautotrendlines at the moment.



Trying to see if they add a time element to the mmpivot system. Yesterday the autotrendlines marked 1.8036 as the GBP bottom. That was spot on.
 
Quote from JR97:

Looks good. Just one caveat about imageshack... if you have a lot of thumbs or direct images on your journal page, it can severely slow down the load time of journal. I had to shut down a journal at moneytec because of all of the thumbnails I had accumulated per journal page. But I also average between 7-10 images per post. At the rate you're going, you should be alright but it's something you should keep in mind.
More...

I will keep this in mind. However I have never had a lag problem loading threads on elitetrader. This site is quality through and through. Can't say the same about that OTHER site you mention@!!
 
Closed Trades:
10k Short AUD/USD .7735 Limit .7675 +60
10k Short EUR/USD 1.2435 Exit 1.2370+65
10k Long USD/CHF 1.2500 Exit 1.2540+40
10k Short AUD/USD .7735 Exit .7685 +45
20k Long USD/JPY Limit 110 +90
10k Short AUD/USD .7735 Exit .7565+170
10k Long USD/CHF 1.2505 Exit 1.2710 +205
10k Short EUR/USD 1.2435 Exit 1.2170 +265
10k Long EUR/USD 1.2193 Limit 1.2270+77
10k AUD/USD .7533 Exit .7570+37
10k Long AUD/USD .7533 Exit .7580+47
10k Long USD/CAD 1.1893 Exit 1.1975+82
10k Long EUR/USD 1.2193 Exit 1.2291+98
10k Long USD/CAD 1.1893 Exit 1.1899+6
10k Long USD/CHF 1.2578 Stop 1.2509 -69
10k Short EUR/USD 1.2293 Exit 1.2350 +43
10k Short EUR/USD 1.2577 Exit 1.2518+59
10k Short GBP/USD 1.8468 Exit 1.8420+48
10k Short EUR/USD 1.2540 Exit 1.2478+62
20k Short GBP/USD 1.8400 Exit 1.8390 +20
10k Short EUR/USD 1.2540 Exit 1.2277+263
Model Account Balance: 3653

Seeing Buy signals here....
 
Open Trades:

10k Sell USD/CHF 1.2630 Limit 1.2560 Stop 1.2705* Couldn't enter my second half before price dropped 10 pips! Will try to add more if price retraces in NY open.

Closed Trades:
10k Short AUD/USD .7735 Limit .7675 +60
10k Short EUR/USD 1.2435 Exit 1.2370+65
10k Long USD/CHF 1.2500 Exit 1.2540+40
10k Short AUD/USD .7735 Exit .7685 +45
20k Long USD/JPY Limit 110 +90
10k Short AUD/USD .7735 Exit .7565+170
10k Long USD/CHF 1.2505 Exit 1.2710 +205
10k Short EUR/USD 1.2435 Exit 1.2170 +265
10k Long EUR/USD 1.2193 Limit 1.2270+77
10k AUD/USD .7533 Exit .7570+37
10k Long AUD/USD .7533 Exit .7580+47
10k Long USD/CAD 1.1893 Exit 1.1975+82
10k Long EUR/USD 1.2193 Exit 1.2291+98
10k Long USD/CAD 1.1893 Exit 1.1899+6
10k Long USD/CHF 1.2578 Stop 1.2509 -69
10k Short EUR/USD 1.2293 Exit 1.2350 +43
10k Short EUR/USD 1.2577 Exit 1.2518+59
10k Short GBP/USD 1.8468 Exit 1.8420+48
10k Short EUR/USD 1.2540 Exit 1.2478+62
20k Short GBP/USD 1.8400 Exit 1.8390 +20
10k Short EUR/USD 1.2540 Exit 1.2277+263
Model Account Balance: 3653
 
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