It looks like I have well defined entries, targets and stop losses. I will further experiment with two different methods of entry: The first one will be more complicated, with higher risk and lower reward, but I expect it to have better success ...

Three-toed Sloth trading

Having tried many systems and having looked at different ways of evaluating charts, I recognized many patterns in today's EURUSD. I was just glancing at the charts today because I was very busy, but even so I could see many "setups": Triangles been ...

Three-toed Sloth trading

I think I have found an effective way to automatically plot levels, and this shows especially powerfully in some charts. For example, this 4H AUDCAD, where simply trading the touch of the two S/R levels with the suggested SL of 35 pips and a R/R of ...

Three-toed Sloth trading

I am pretty impressed by the performance of the trendlines plotted by my indi on the EURUSD today. Of course the main pivotal level for today was the 1.3233 line. And since the market was so choppy, many people didn't trade the EURUSD at all or ...

Three-toed Sloth trading

Here's a simple plan for an unusual pair, USDSGD: For this pair and the 15 min timeframe, I consider an S/R level to be broken if price has moved at least 14 pips beyond that level. If price reverses at least 14 pips near that level, then I consider ...

Three-toed Sloth trading

And here is an example chart with the S/R levels on it:

Three-toed Sloth trading

Trade 10 hit the SL for -15 pips, and +35 pips profit was taken from Trade 11. I am currently testing how the system fares on the lower timeframes. Things are faster and so I don't have time to post live trades, but if I feel like it I may post ...

Three-toed Sloth trading

Trade 11 20120216 - 17:02 GMT - sell EURAUD @ 1.2190 SL: 1.2207

Three-toed Sloth trading

Trade 10 20120216 - 16:13 GMT - sell USDJPY @ 78.86 SL: 79.01

Three-toed Sloth trading

TP reached PL: +20

Three-toed Sloth trading

SL moved at BE

Three-toed Sloth trading

SL was hit at BE PL: 0 Trade 9 20120216 - 13:52 GMT - sell USDCAD @ 1.0026 SL: 1.0035 TP: 1.0005

Three-toed Sloth trading

Profit taken at 65.82 PL: +49 Trade 8 20120216 - 13:19 GMT - sell USDMXN @ 12.9411 SL already moved to BE TP to be decided

Three-toed Sloth trading

Trade 5 & Trade 6 both hit SL PL: -27 PL: -18 Most entries so far reach a point where the reward is more than the risk, but hit the SL befrore the TP. But it's a promising start for what aspires to be a fully automated EA. Trade 7 20120217 - 06:54 ...

Three-toed Sloth trading

That order was filled, so: Trade 5 20120216 - 19:28 GMT - buy AUDJPY @ 83.93 Stop Loss: 83.66 Take Profit: 84.50 And also: Trade 6 20120217 - 00:43 GMT - sell USDCHF @ 0.9255 Stop Loss: 0.9273 Take Profit: 0.9165

Three-toed Sloth trading

It hit SL PL: -20 Placed a buy stop order @ 83.93, with SL @ 83.66

Three-toed Sloth trading

Trade 4 16:22 GMT - buy AUDJPY @ 0.8395 Stop Loss: 0.8376 Take Profit: Undecided If it moves above 0.8425, move SL to BE

Three-toed Sloth trading

Down EURGBP! Down! DOWN! Good boy... good boy... PL: +33

Three-toed Sloth trading

SL now moved to BE

Three-toed Sloth trading

Trade 3 09:24 GMT - sell EURGBP @ 0.8400 Stop Loss: 0.8425 Take Profit: 0.8365

Three-toed Sloth trading