Saki's Forex Reversal Journal

Open Trades:

10k Short EUR/USD 1.2113 Stop 1.2149

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
10k Short EUR/USD 1.2113 Exit 1.2068+45
Model Account Balance: 3817
 
I see, sorry for questions which answers are obvious from yr journal ( I'm not native American or English). Anyhow once i found yr journal in sea of other promising technics. And I thank u for sharing another way of reverse system. I always trust to reverse technics, ans don't like brake system it's like the last train. To catch movement at the beginning is much more interesting.
As far as i understand u still use MM lines, pivot, R, S. And as for 55 and 89 factor, u use atr bands or its just shifted lwma from 55 ma?

Thanks
 
Quote fr kotoglas:

I see, sorry for questions which answers are obvious from yr journal ( I'm not native American or English). Anyhow once i found yr journal in sea of other promising technics. And I thank u for sharing another way of reverse system. I always trust to reverse technics, ans don't like brake system it's like the last train. To catch movement at the beginning is much more interesting.
As far as i understand u still use MM lines, pivot, R, S. And as for 55 and 89 factor, u use atr bands or its just shifted lwma from 55 ma?

Thanks
More...

no, i don't use pivots, i don't use support and resistance. I have experimented alot the last few months on the journal.

my basic real money setup, which is the only basis for my running p/l on my journal is as follows:
4hr chart
lwma 55 period
add 55, -55, 89, -89 levels
sell when price returns to the channel
buy when price returns to the channel
stops are based on the last significant level


2nd method mentioned:
I have experimented with murrey math levels on a 30 minute chart. I now use the fibonacci levels for the previous day and when the mm levels match up, I use this as a short term level to reverse from. I don't trade real money with this method, but I am considering trading small lots on USD/CAD in the coming days as it fits very well under this system.

third method first time mentioned:

there is one more short term method I have been toying with. it uses the adaptive moving average at a very high setting on a 5 minute chart. It catches enormous intraday moves very quickly but the stops are still a bit large, even on a 5 minute chart. Still very much a work in progress. will keep you posted...

best of luck to you kotoglas, as a long time resident of Asia, my heart goes out to you in your attempt to master my nasty little language!
 
Hi Saki! I don't even expect such a good all explained answer!
Much appreciated. I guess u have enough time for FX. But I haven't, unfortunately I have a job which I have to do and which gives me some money to feed my family. Actually it is not way I want to follow. These f**ing sircumctances bother me too much, but find the way out some day. In this regards I have the only way to use 4h time frame and yr help very valuable for me, thank u.
But why u rejected almost the same system, i mean yr former jornal with VT, BB-fibo and Daimyo?

Good luck!
 
Hi

Did u use Murrey math lines, if so i got a doubt, how will we find out high & low to calculate & arrive at murrey line, i downloaded ur xls file from the first page. Does the high & low refer the previous day high & low or how it is given as input in excel ...

Pls kindly help me
Cheers
Vp
 
Quote from kotoglas:


But why u rejected almost the same system, i mean yr former jornal with VT, BB-fibo and Daimyo?

Good luck!
More...

I suppose I was switching around from platform to platform and a new way of plotting price appeared to me and I ran with that.

Daimyo is actually a little slower than lwma. But other than that, it's pretty much the same.

Your comment is absolute proof that exact prices that match your indicators don't create systems, its money management and timing, almost exclusively!
 
Quote from vishwamv:

Hi

Did u use Murrey math lines, if so i got a doubt, how will we find out high & low to calculate & arrive at murrey line, i downloaded ur xls file from the first page. Does the high & low refer the previous day high & low or how it is given as input in excel ...

Pls kindly help me
Cheers
Vp
More...

please use the metatrader 4 version of murrey math it automatically plots the frames for you!

good luck!

saki
 
Hi Saki,

Sorry for troubling, downloaded from yahoo groups....Hope u are using murrey math and believe this forum might have all the basics of using murrey math...will go thru it and come back to u if any doubt for me...

Thanks, Cheers
Vp
 
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