If you do not hold and add to your position, you will not have a winning system here I can promise you that But you are free to try for yourself

I am amazed how much discussion a simple trading technique can still garner after all these years

The only real issue I have is that he arbitarrily added silver to his portfolio - not sure if it was based FSP either I have been trying to break out the FX returns by them selves, I think it is about 10K which, from 500 bucks is still amazing

at the end of it all, (when trading daily charts that is) I am not sure that it matters how much time elapses between when an IB forms and when the trade triggers, as long as you have the mindset that you need to let your winners run. IB's in the ...

ignore the sunday night (Sunday night EST that is) bar - usually about 2 hours of trading

currently have 4 positions long g/u off of various IB's

a picture is worth a thousand words - accounting for position size, up about 1900 pips on the u/j

I close my U/J positions when the government wasted a pile of money (sort of a sigma six type of event and I should have closed them earlier on in the intervention before it triggered my close signal, but live and learn) and got short again on two ...

I trade first Strike as well have to be careful including the crosses in there - playing the g/j over exposes you to the g/u and u/j

not a matter of preference of all its a matter of positive mathematical expectation. You need to back test a method first. Maybe taking the others side works, maybe it doesn't .........but back test it first........

not at all - this is an incidental finding. On the longer term plays - daily charts - Joel was pretty clear - wait for a 20 day break out and start taking inside bars and trailing your positions Based on my back testing you don't even need to wait ...

That was a well spent hour yesterday

Yen went Boing!!! I hope the Japanese tax payer knows where things are headed..........

up about 4300 pips on the UJ short.......in since mid june... 7 or so positions of varying size still in play.... anyone else still riding it?

anyone else giggling at the Japanese government thinking they can stem the rising tide of the yen on anything other than a temporary basis? Maybe they should call up the BOE and ask them about their experience...........

For me, Im constantly looking to disprove my trading systems. To see if there is anything I missed or if I used erroneous assumptions, so I want people to raise valid objections - with clearly operationalized methods. Anyone else still holding that ...

Um, why is this "obvious" have you tested it?

I trade FSP Got rid of the cross

I use a close below a moving average, rather than just a touch, but I am sure that if i tested between the two the difference would be negligible. Depending on pair I am trading, I use a 20 to 30 day MA...........again, it doesnt really matter I use ...

one of the areas where PC was not clear on was if he would only add to existing position on IB's that formed during London/NY AM trading or if he would add whenever the next IB formed Of course, this would require some mechanism to trade 24 hours a ...