Saki's Forex Reversal Journal

Quote from Cluseau:

Saki,

Would you please go over the numbers and highlights of each section from your previous attachment. Pardon my ignorance on the matter. Also, could you explain how currencies work over a long period of time--i.e. 1-2 years. I'm not sure what to look for but my intent is to get long or short on key medium-longterm reversals and traps. Actually, i don't even know what to call it in currencies and don't know if it possible to have such an approach. I'd like to utilize about 5% of my capital in a directional currency trade. Thanks.
More...

Since Murrey Math is based on fractal squaring, all you have to do is plug in 3 numbers. The current price, the highest price for the past 64 bars and the lowest price for the past 64 bars.

Murrey math is loosely based on gann's sqaure of nine, he took the idea and turned it into the square of 8. The lower macro is a Gann Wheel. I don't really want to get into how to use it. It's not that complicated but it has no bearing on my current system work.

By the way, I didn't write this. That credit goes to Dan Smalley, a very clever excel programmer
:D :D
 
Open Trades:

10k Short USD/CHF 1.2690 Limit 1.2570*
30k Short USD/CHF 1.2940 Limit 1.2800 Stop 1.2990
10k Buy EUR/USD 1.2235 Limit 1.23*
30k Buy EUR/USD 1.2030 Limit 1.2140


*Actually closed these break even but didn't post here. So I'll keep them in the posted trades as is. Will triple the position size to clear up my bad accounting...might bite me in the ass!!!


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
10k Sell USD/CHF 1.2630 Stop 1.2705-75
10k Short USD/CHF 1.2753 Exit 1.2700+53
10k Buy EUR/USD 1.2184 Exit 1.2220+36
10k Buy EUR/USD 1.2115 Limit 1.2220+105
Model Account Balance: 3772
 
Quote from SmoothTraderFX:




Do you live in Japan?

I live in Kobe.
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I used to live in Osaka. I never traded the markets in Japan though. The intraday swings were schizoid and i didn't know enough about the exchanges.

Looks like the Nikkei may be ready for international trading again however!
 
Open Trades:

Will go long on Monday if a signal is seen!

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
10k Sell USD/CHF 1.2630 Stop 1.2705-75
10k Short USD/CHF 1.2753 Exit 1.2700+53
10k Buy EUR/USD 1.2184 Exit 1.2220+36
10k Buy EUR/USD 1.2115 Limit 1.2220+105
Model Account Balance: 3772

Total wash this week!
Exit all positions break even minus the weeks carry interest.
 
Hi Saki!
I'd like return to yr former theme. do u have MT4 code for Daimyo and BB Fibo, if don't, may be advise where can be found.

Appreciated any yr help.

KT
 
daimyo is just a smoothed 5/8 crossover and bb-fibo is called atr bands.

I don't have time, but it can easily be googled with mt4 atr bands. good luck!
 
Open Trades:

20k Short EUR/USD 1.2113 Limit 1.2033 Stops on the close of Monday!

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
10k Sell USD/CHF 1.2630 Stop 1.2705-75
10k Short USD/CHF 1.2753 Exit 1.2700+53
10k Buy EUR/USD 1.2184 Exit 1.2220+36
10k Buy EUR/USD 1.2115 Limit 1.2220+105
Model Account Balance: 3772
 
Thks for reply. I wonder what system u use currently - reverse + MA brake concurrently? or i'm wrong. U still believe in reverse(yr former journal.
thks
KT
 
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