yes, there might be some room up. as for the exits, since you're trading gbp-jpy and gbp-chf, i can make a few suggestions: - read candlesticks and use this with rsi (for g-j rsi5 works pretty good); for example, exit long when rsi looks ...

Daily GBP/JPY analysis

but it wasn't quite a crappy day for me on g-j. yes, today's range was below average but i was able to get 100 pips from the initial down move - which was enough for the day. but i took a serious hit from g-u... because of the sudden fall of the ...

Daily GBP/JPY analysis

i actually did take that short. the irony is, this was the first time after about 2 months when i come back to try another trade on g-u... got hit pretty hard by the freaking fundamentals... well... what can i say, i won't be trading cable for quite ...

Cable Update (GBPUSD)

you need to use another one as a filter, HAS by itself can give you a lot of fake signals.

Part Time Wealth Building System - "Open-Close Trending"

i'm thinking, for a given timeframe there has to be a connection between the average length of the candlestick and the type & period of the moving average, the outter lines... i wonder how this strategy would work if combined with bollinger bands.

Part Time Wealth Building System - "Open-Close Trending"

6 pips...

Part Time Wealth Building System - "Open-Close Trending"

let me explain again how i did the backtest: - entry: price moves out of the channel - exit: price hits SL (-50 pips) OR moves out of the channel on the other side, whichever is hit first. if i simply stop and reverse when price moves out on the ...

Part Time Wealth Building System - "Open-Close Trending"

these are the results for G-J. i used this pair because it was supposed to trend a lot... but it didn't as much as i expected. 2006: -jan: 770 -feb: 1124 -mar: -424 -apr: 462 -may: -124 -june: -258 -jul: 129 -aug: 869 -sep: -52 -oct: -343 -nov: -135 ...

Part Time Wealth Building System - "Open-Close Trending"

i am doing a backtest for 2005 and 2006 using these rules: entry when price goes out of the channel, 50 pip stop loss or SAR when the price hits the other outter limit (50 +/- 25LWMA). i'll be back with some approximate results as soon as i finish.

Part Time Wealth Building System - "Open-Close Trending"

i'm still thinking about exits... so far, all i have is let the trade run and just adjust SL. and speaking of SL, i don't remember reading about such a thing here... except the initial post of -50 SL. so, where are we supposed to set SL? from what ...

Part Time Wealth Building System - "Open-Close Trending"

since i'm trying to swing, i'm mostly watching 5 minutes TF. i tried with 1 min, but the spread is too wide (9 pips on g-j) and there are too many fake signals. not efficient at all. so far, 5 minutes works best although i have to admit it's a ...

GBPJPY

g-j is a very unpredictable pair. i don't think daily scalping is the best method to trade this pair, although lately it has returned very good results. right now i'm focusing on a swing method, and i'm trying to find any patterns this pair might ...

GBPJPY

i've been looking over this new system, we need a filter for the ranging periods. how about adx, no entries if it's under 24? there will still be stops, but probably less than without adx. or if someone can think of a more suitable indicator for ...

Part Time Wealth Building System - "Open-Close Trending"

my thoughts also. a, b, c, d are to follow in the next days.

Potential Best MEthod of all

take a look at the screenshot, i'm curious about what you think... wedge? because this means a breakout is following soon. i posted the same thing in the other cable thread. p.s. i apologize if this has been already discussed, lately i haven't been ...

Daily Cable Analysis

take a look at the screenshot, i'm curious about what you think... wedge? because this means a breakout is following soon. i posted the same thing in the other cable thread. p.s. i apologize if this has been already discussed, lately i haven't been ...

Cable Update (GBPUSD)

nope... it will continue the same. i still have money for the next week, so it'll probably take a week and a day more.

Cable Update (GBPUSD)

i know why all this is happening. because i decided to start real trading with a big sum... i'm sure as soon as i back off, it'll all come to normal the VERY NEXT MINUTE or so... but i won't, so this madness will continue indefinitely or until all ...

Cable Update (GBPUSD)

does anyone know when this craziness with crappy news and market not following them will end? i'm kinda sick of all these... will stay away for some time, i can't get a clear picture.

Cable Update (GBPUSD)

okay, change of plans... looks like g-j would go down during london session. will watch market and stay ready to react. good luck to everyone.

Daily GBP/JPY analysis