My own system triggered a buy signal on AUDUSD earlier today. For now I will just call my system 'My System' hehehe
29 Dec 06 - 6:32pm ET
Method: My System
Currency: AUDUSD Daily
Entry: Long @ 0.7911
S/L: 0.7742
T/P: ??
I am a bit concerned about this entry as AUD has already been trending long for a while, but will stick to the rules.
My system is meant to ride trends, offering the opportunity to jump in and out as the trend fluctuates. Because this system is meant for longer periods of time, the stop loss is usually going to be quite large - I will have plenty of warning in most cases if the trade turns against me as a sell-signal will generate long before the S/L is hit (unless Australia suddenly sinks or some strange disease turns everybody there into brain-eating Zombies).
My T/P point is also generated on a signal. Let's see this baby go through the roof! I have a lot of ground to regain...
29 Dec 06 - 6:32pm ET
Method: My System
Currency: AUDUSD Daily
Entry: Long @ 0.7911
S/L: 0.7742
T/P: ??
I am a bit concerned about this entry as AUD has already been trending long for a while, but will stick to the rules.
My system is meant to ride trends, offering the opportunity to jump in and out as the trend fluctuates. Because this system is meant for longer periods of time, the stop loss is usually going to be quite large - I will have plenty of warning in most cases if the trade turns against me as a sell-signal will generate long before the S/L is hit (unless Australia suddenly sinks or some strange disease turns everybody there into brain-eating Zombies).
My T/P point is also generated on a signal. Let's see this baby go through the roof! I have a lot of ground to regain...