Hello again all. I figured I'd repost a version of my system because the current version leaves me too much time inbetween trades.

I don't doubt that this thread will eventually get buried because the trades are so far removed from each other that the inexperienced and scalpers don't have the patience for it. In my experience it's those traders who help my systems make money.

Here goes...

It's called the Weekly Pivot Net.

I trade on two pairs. GJ and UJ. (risk is 1:1.5 and 1=1% )

Here's the nuts and bolts...

It's a straddle system. Once a trade is triggered the opposite trade is canceled. Per pair.

I determine the upcoming week's Pivot Points. (Using the Weekly Pivot Points from actionforex does the trick).

The R1 and S1 are the entries and the R2 and S2 are the TPs.

To calculate the SLs measure the distance of R1 to R2 (and S1 to S2) and multiply that number by .667 that will give you the distance to the stop. This is the important part that ensures the risk is 1:1.5

That's it folks. It's logic based and worked well for last year. I will also admit that I did not keep detailed records for this method last year (2008). Just saying that to head off the questions about it. But do have very detailed results for 2009.

Two other quick tips...

1) Once the PA has moved 1/2 the distance to TP I move my stop to BE.

2) I have done quite a bit of backtesting on many other pairs and they do not fare as well as GJ and UJ. Feel free to backtest yourself, and if you find that to be untrue or find a pair I did not test please share with the rest of us.

I don't doubt that this thread will eventually get buried because the trades are so far removed from each other that the inexperienced and scalpers don't have the patience for it. In my experience it's those traders who help my systems make money.

Here goes...

It's called the Weekly Pivot Net.

I trade on two pairs. GJ and UJ. (risk is 1:1.5 and 1=1% )

Here's the nuts and bolts...

It's a straddle system. Once a trade is triggered the opposite trade is canceled. Per pair.

I determine the upcoming week's Pivot Points. (Using the Weekly Pivot Points from actionforex does the trick).

The R1 and S1 are the entries and the R2 and S2 are the TPs.

To calculate the SLs measure the distance of R1 to R2 (and S1 to S2) and multiply that number by .667 that will give you the distance to the stop. This is the important part that ensures the risk is 1:1.5

That's it folks. It's logic based and worked well for last year. I will also admit that I did not keep detailed records for this method last year (2008). Just saying that to head off the questions about it. But do have very detailed results for 2009.

Two other quick tips...

1) Once the PA has moved 1/2 the distance to TP I move my stop to BE.

2) I have done quite a bit of backtesting on many other pairs and they do not fare as well as GJ and UJ. Feel free to backtest yourself, and if you find that to be untrue or find a pair I did not test please share with the rest of us.