Dang its getting harder to find my previous post. LOL good activity I guess. OK quiet day but a couple of good moves. Kick myself for closing too early on the 200+ gbp/chf, eur/chf move. Stupid me. I do this to myself when price has been just ranging. I grab profits before they are gone. Maybe the market is going to do some nice reversals today.
RESULTS
gbp/chf +40
eur/chf +54
gbp/jpy +72
chf/jpy +14
nzd/jpy, +4
Sells
aud/chf #1 NE dropped
aud/jpy #1 NE
cad/jpy #1 NE
cad/chf #1 NE dropped
Buys
gbp/aud #1 did not enter
usd/cad #1 NE
usd/jpy #1 NE
STILL IN
aud/cad #1 switch to #4 -13
aud/nzd #2 -101 used #2 EA -6
aud/usd -109 2nL +4 used #4 EA as it approaced top of BB
eur/jpy -36
eur/usd -140 2ND L #1 +6
gbp/cad -90
gbp/usd -184 2L 0
usd/chf -15 used the #2 EA when price went ouside the bands.
TRADES NOT TAKEN YESTERDAY THE EA WAS NOT HIT
Sells
Buys
TOTALS
total for day +184
for the week +552
for the month +1709
Carry over -684
I will divide currency pairs into four major groups based on their percentage of times they will move over 300 pips in one week. Here are the 4 groups:
1.VERY VOLATILE GROUP: THEY WILL MOVE OVER 300 PIPS IN ONE WEEK MORE THAN 75% OF THE TIME.
a. GBP/NZD, EUR/NZD, GBP/AUD, GBP/CAD, GBP/JPY
b. This group if you trade them you will want to use a reentery of 250 pips plus. This will be explained later in the 2.4.2 recovery system.
2.VOLATILE GROUP: THEY WILL MOVE OVER 300 PIPS IN ONE WEEK MORE THAN 50% OF THE TIME
a.GBP/CHF, CAD/JPY, EUR/CAD, EUR/AUD, USD/CHF, GBP/USD, EUR/JPY
b. This group if you trade them you will want to use a reentery of 200 pips.
3.MEDIUM VOLATILE GROUP: THEY WILL MOVE OVER 300 PIPS IN ONE WEEK MORE THAN 25% OF THE TIME.
a. NZD/JPY, AUD/CHF, AUD/JPY, USD/JPY, EUR/USD, NZD/CHF, CAD/CHF,
b. This group if you trade them you will want to use a reentry of 150-200 pips.
4. LOW VOLATILITY GROUP: THEY WILL MOVE OVER 300 PIPS IN ONE WEEK LESS THAN 25% OF THE TIME.
a. AUD/NZD, NZD/USD, CHF/JPY, AUD/CAD, USD/CAD, NZD/CAD, AUD/USD, EUR/CHF, EUR/GBP
b.This group if you trade them you will want to use a reentry of 150
RESULTS
gbp/chf +40
eur/chf +54
gbp/jpy +72
chf/jpy +14
nzd/jpy, +4
Sells
aud/chf #1 NE dropped
aud/jpy #1 NE
cad/jpy #1 NE
cad/chf #1 NE dropped
Buys
gbp/aud #1 did not enter
usd/cad #1 NE
usd/jpy #1 NE
STILL IN
aud/cad #1 switch to #4 -13
aud/nzd #2 -101 used #2 EA -6
aud/usd -109 2nL +4 used #4 EA as it approaced top of BB
eur/jpy -36
eur/usd -140 2ND L #1 +6
gbp/cad -90
gbp/usd -184 2L 0
usd/chf -15 used the #2 EA when price went ouside the bands.
TRADES NOT TAKEN YESTERDAY THE EA WAS NOT HIT
Sells
Buys
TOTALS
total for day +184
for the week +552
for the month +1709
Carry over -684
I will divide currency pairs into four major groups based on their percentage of times they will move over 300 pips in one week. Here are the 4 groups:
1.VERY VOLATILE GROUP: THEY WILL MOVE OVER 300 PIPS IN ONE WEEK MORE THAN 75% OF THE TIME.
a. GBP/NZD, EUR/NZD, GBP/AUD, GBP/CAD, GBP/JPY
b. This group if you trade them you will want to use a reentery of 250 pips plus. This will be explained later in the 2.4.2 recovery system.
2.VOLATILE GROUP: THEY WILL MOVE OVER 300 PIPS IN ONE WEEK MORE THAN 50% OF THE TIME
a.GBP/CHF, CAD/JPY, EUR/CAD, EUR/AUD, USD/CHF, GBP/USD, EUR/JPY
b. This group if you trade them you will want to use a reentery of 200 pips.
3.MEDIUM VOLATILE GROUP: THEY WILL MOVE OVER 300 PIPS IN ONE WEEK MORE THAN 25% OF THE TIME.
a. NZD/JPY, AUD/CHF, AUD/JPY, USD/JPY, EUR/USD, NZD/CHF, CAD/CHF,
b. This group if you trade them you will want to use a reentry of 150-200 pips.
4. LOW VOLATILITY GROUP: THEY WILL MOVE OVER 300 PIPS IN ONE WEEK LESS THAN 25% OF THE TIME.
a. AUD/NZD, NZD/USD, CHF/JPY, AUD/CAD, USD/CAD, NZD/CAD, AUD/USD, EUR/CHF, EUR/GBP
b.This group if you trade them you will want to use a reentry of 150