[-ForexPhantom-] Daily Crossover System

[soul786]

Update on EUR/GBP trade from last week:

Trade held nicely on the weekend, even jumped up a few pips. Currently sitting at +196.4 pips.

See chart below.

[MasterIllegal]

Originally Posted by soul786

Update on EUR/GBP trade from last week:

Trade held nicely on the weekend, even jumped up a few pips. Currently sitting at +196.4 pips.

See chart below.

cool man... my current pending trade is

EUR/GBP + 51 pips
USD/CAD +14 pips
EURCHF - 2 pips

Hope for the best for this week!!!

[soul786]

Originally Posted by MasterIllegal

cool man... my current pending trade is

EUR/GBP + 51 pips
USD/CAD +14 pips
EURCHF - 2 pips

Hope for the best for this week!!!

Me too! I think adding the GannHiLo will have reduced the frequency of trades we take; however that should also increase the win/loss ratio if things go the way we see it

Hoep you had a nice weekend

[soul786]

Will be closely watching this setup on the EURJPY. Far from cross our GannHiLo so this will just be something kept an eye on to see the validity of our new approach.

[soul786]

Our EURGBP trade from Oct14th closed out today as there was a retrace while I slept. We'd already locked in a nice number of pips. Came out with a TP of +129.9pips at 0.91700.

The trade worked out quite nicely. One more win for the books, now lets see if we can get out fo the minus from last weeks confuffle

[soul786]

As important as it is to know when to TAKE a trade, I think it's important to know when not to. Please see the attachment.

The EURUSD had a cross, direction down. Indicating a short entry. However still well above the GannHiLo we do not take the trade when we saw the cross.

As time passes we see PA would have gone against us (-50pips). Good save!

[soul786]

I've still followed the system throughout this week. There have been many fakeouts for losses going by just the cross of the MAs. take for example the EURJPY cross on the 20th and USDJPY on the 20th also.

I think modifying the system again to wait for the GannHiLo cross weeds these out. A cross of the GHL in the direction of the MAs seems to be profitable. FAR less trading opportunities but ones that make excellent pips.

Will keep you posted.

EDIT: I'll be watching the EURAUD for possible entry soon, hopefully in the coming days to test the new strategy. The current chart is attached.

[MasterIllegal]

Originally Posted by soul786

I've still followed the system throughout this week. There have been many fakeouts for losses going by just the cross of the MAs. take for example the EURJPY cross on the 20th and USDJPY on the 20th also.

I think modifying the system again to wait for the GannHiLo cross weeds these out. A cross of the GHL in the direction of the MAs seems to be profitable. FAR less trading opportunities but ones that make excellent pips.

Will keep you posted.

EDIT: I'll be watching the EURAUD for possible entry soon, hopefully in the coming days to test the new strategy. The current chart is attached.

ya, u r right.. the Gann Hilo did save us a lot of fakeouts... i just go through the daily chart still not much signal yet.. my pending EURCHF still going at +48 pips and my pending USDCAD still negative at -40 pips.