Almost time for Sunday open! I’m thrilled. Pulled a few pairs and it looks like I might have a few setups. So far the best looking setup comes from one of my personal favoites… AJ!
What I expect to happen, the order I post these in are the order I believe the reliability of the pattern is paired with hopefully the most movement and least drawdown:
Aj I expect to long. If market opens down, this is my first choice to buy immediately after the opening sell gap. If market opens long I will skip this pair and go on down the list
AU could be a very nice long potential as well, same entry goal as AJ
EU starting to look like more possible draw down and not too much movement, and this pattern I normally do not trade often
EU Short
EJ Same thing not looking as sexy as AJ or AU, a similar pattern to this I lost on an EJ so I expect it to Short (vs prior to new rule… long) EJ is my last choice, but I do expect some decent movement from her.
Will post an Update after I get in. Going to church so my update may be a lil late.
Snuck my trade in before church started xD. I took my first choice AJ, and it looks like the other pairs are meeting my expectations as well. AU might have been the better trade, however, I am still happy with AJ
AJ: entered at 95.55 currently +3.6 pips
Will be back later on with another update before I close the position. If not I will post the results and will be back in time to post/place my trade for 4/7/14.
After reading some of your reply’s on WinPsych’s thread. I realised we are very similar minded when it comes to trading & strategies. If all else fails on the other thread we could maybe have a chat on Skype. Toss a few idea’s around for another strategy to diversify what we are already doing.
[QUOTE=“Tyrone Archer;618698”]After reading some of your reply’s on WinPsych’s thread. I realised we are very similar minded when it comes to trading & strategies. If all else fails on the other thread we could maybe have a chat on Skype. Toss a few idea’s around for another strategy to diversify what we are already doing. Keep it up :)[/QUOTE]
Good looks man! Keep up the good work. I am down. What time zone are you from?
If I recall correctly volatility on yens use to be crazy high and it’s backed down a bit. If you’re looking at say the past year and a half-2 years, it’s averaging 105
I remember those days! Last year yens had a crazy high average. Every day nice sized candles. Definitely dropped down a bit, but they still move quite nicely. I might start looking into CJ then. 80 pips is still nice. Thinking about the yens though… if they have dropped some since last year in volatility, I wonder what is going up?
Trade udate: 1 hour and a half left in the day…
AJ: at current price down -2.9 pips. Still looking good, will be back with the results.
Trades didn’t go quite as planned… actually took a small hit on AJ -18 pips. I also got a price well above open… i would have lost at max 5 pips had i gotten in at open on any of the 4 pairs I was looking into. Learning as a trade though…
Today on the other hand. I got some very low integer value data from EJ and EU. Both looked interested with the safest trade being EU.
I shorted both though, taking quite a lot of risk tonight I expect some moves tomorrow. Looking very likely for low draw down on either pair though.
Good luck with that XD. My trades are not going so well at the moment. I’m going to hold them and see if I have a possible trade recovery option tonight.
Currently: EJ -32.7 pips
EU -43.1 pips
Since I only pull Sunday data to trade Monday, could this be the cause? Or was it my desire to trade a new pattern I had high hopes for? I suppose I need a more regiment trading plan. My goals for tomorrow are to pull 10 pairs of data and go for the pattern I have been developing rules for not just any attractive pattern I see (seems like I lose when I do this). I’m definitely going to have a stricter plan for tomorrow.
I am going to do some in depth research and post the results when in a few hours about the particular string of numbers i am trying to identify as the high probability setup.
EJ and EU are not far from open so I still have a good statistical chance of reversal for the day no big deal. Some high impact JPY news is supposed to come out today as well. Be back in a bit, happy trading!
[QUOTE=“WinPsych;618960”]Will definitely take an in depth look at your system as soon as some undesturbed quality time allows me to.[/QUOTE]
Sounds golden. I sent my spreadsheets to upcomerfx for review. He’s going to hit me back. Like I told him, check out my pg 14 in this thread. If you want to see the stats themselves I will gladly send you the sheets as well. I’m confident if we get a team on this, we will have one of the most successful technical systems on the net.
Definitely pretty surprised with the results today. Considering the strands I choose to take, and it being down for the day, I didn’t do so bad. Looks like EJ’s strand tonight is giving a very nice sell signal. EU appears to be a sell as well, however I do not like it’s strand as much and do not know it very well. However, I do intend on keeping the trades from yesterday in, with the same stop put in yesterday (except EU I added an additional 50 pips to give EU a fair chance to breathe). Fortunately according to the system i am allowing my trades to potentially recover some losses. Built in Recovery is not always an option, but tonight it seems like a safe choice and my capital is still in tact. Didn’t have time today to take an in depth view over my performance the past two weeks, but tomorrow I will have some time so I will get to that and post my findings.
Seems like the forums have been rather quiet lately? Weird.
Heading off to sleep.
EJ currently: -8.8 pips
EU currently: -45.5 pips
Will be back in the am, with hopefully some nice recovered lost pips with some green ones as well
Took a hit on EU. Lost 101 pips or so. EU and EJ are not correlated right now? Weird anyhow, EJ was a great strand to trade and am currently up 50+ pips. Nice! My trade recovery option worked perfectly! EJ has made enough pips already to wipe out the EU loss I took today, and I will have some profit leftover
what a Perfect trade EJ has been! Sure I got in a day early and have suffered some undesirable drawdown… that being said though, today had very low draw down and so far some excellent movement!
Currently: EJ +85.8 Pips!
If she breaks over 100 I am probably going to get out. I will be very satisfied with 100 pips today in Ej, been a while since I have taken the full 100
EJ just made the move, I’m up 116 pips at the time of this post! What a thrilling ride it has been. I decided to move my stop up to +105 pips and let her run. Will be back later with an update.
