My OSAMA System

Close Trade #1 on EUR/USD
6:32PM ET, Monday November, 13, 2006.

Profit = 45 pips

Trade # 3
BUY EUR/USD @ 1.2814

6:33PM ET, Monday November, 13, 2006.

Did you go long? And is this Eastern time? Thanks, great thread.

Hey fyi, it is November 13th, not the 11th.

lol thanks

Trade # 4
SELL USD/CHF @ 1.2434

7:09 PM ET, Monday November, 13, 2006.

Okay here's the last major to join the party.

Trade # 5
SELL GBP/USD @ 1.8993

5:02 AM ET, Monday November, 14, 2006.

This trade should last several days.

Hi,
don't take this wrong, not trying to insult you.
My question is: you are buying the dollar on GBPUSD but selling it on EURUSD and USDCHF?
You're basically hedging yourself that way, no?

Unless one cross really puts in insane numbers I don't see how you could get shifts big enough to have one dollar pair go one way and another one another...exception being Yen lately as that's just gone wonkers thx to news and politicos, especially this last asian session.
Just wondering since the trades SEEM contradictory and you don't post the reasons, just the trade...

Just seems curious.

Best wishes,

SeekingLight

Close Trade #3 on EUR/USD @ 1.2814
7:00AM ET, Tuesday November, 14, 2006.

Profit = 8 pips

No it's okay to ask questions. To be honest, I'm only half sure how this is working myself. lol. And what I do on one currency is completely unrelated by another currency.

This yet-to-be-proven osama system is a "statistical analysis of pattern repetition". I'll analyze a certain currency over a certain period of time, and then I come up with statistics like, "If I enter the market here, then after X hours or X +pips, there's an 80% chance that I'll pips positive or 20% chance I'll be pips negative a relatively small amount."

It's very nerve wracking since you just have to put blind faith in your statistics, even when the market doesn't seem to be heading your direction; but that’s what any good system is at the end, a hope that the market will continue to behave as it has in the past.

The reason my trades appear contradictory across currencies is because the gbp/usd and usd/jpy trades are an average trade length of a little over 4 days while the eur/usd and usd/chf trades should last just a little over one day. They're basically on different timeframes.

the osma system looks great

and i like how our format of recording trades is similar. I hope you keep records of these trades then maybe we should share our results once my 100 trades are completed.

I forget what I was reading last night, either some magazine or some news website but it was how hard hits to the chest in a very brief 20 millisecond window can stop the heart and cause sudden death. Apparently during these 20 milliseconds of each heart beat cycle both chambers are empty and the heart is very susceptible to really anything. I'm bringing this up because my system had a similar experience this morning right at <st1:time minute="15" hour="8">8:15</st1:time>.

On the Eur/Usd, that buy signal my system had generated turned out to be a very weak signal. I think the maximum equity I had out of it was 25 pips. And because of 1) the consolidation before the announcements, and 2) the weak signal, as we got closer to <st1:time minute="0" hour="8">8:00</st1:time> and <st1:time minute="30" hour="8">8:30</st1:time> everything on my system consolidated to a 0. My ma lines became one line, and one of my osam hit and stayed right on 0 and then my other larger osma had been at a fiat line right at 1 for several candles. So my system had no idea what to do next, exactly when I needed it to know, as there might some major movement coming in the next 30 minutes and I needed to be on the right side of that movement. So that’s when I just got out manually altogether. Unfortunately, I left my EA running on metatrader, and when the price moved up to 1.2845 and 1.2865, it entered into the friggin market. Luckily I had early changed the percentage of my account it would use so it was a very small buy and I'm currently just down a $1.

Interestingly enough, the market has re-bounded back up to my original buy position from 12 hours back so if I had turned off the ea so it wouldn't do anything crazy during the announcement and trusted my statistics; I wouldn't be down that $1. So that’s what I'll do tomorrow for the next batch of "red" announcements, just turn the EA off and trust my analysis.

Trade # 6
SELL EUR/USD @ 1.2815

8:04 PM ET, Tuesday, November 14th 2006

Close Trade #4 on USD/CHF @ 1.2431
9:53PM ET, Tuesday November, 14, 2006.

Profit = 3 pips
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Trade # 7
BUY USD/CHF @ 1.2443

1:14AM ET, Wensday November, 15, 2006.

Close Trade #2 on USD/JPY @117.85
68:30PM ET, Wensday November, 15, 2006.

Profit = 22 pips
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Trade # 8
SELL USD/JPY @ 117.84

8:31PM ET, Wensday November, 15, 2006.

Close all trades except EUR/USD

Is the system outputing results around your expectations?

well I stopped trading the other currencies because I'd rather know one currency really well rather then 4 only a little bit. And I was out of town for thanksgiving so I missed the huge move last week, a and since I don't jump in the middle of a trade, I'm waiting for monday to get back into the market.

That euro trade that I never closed while I was out of town but I closed it down so I was just trading .01 mini lots, or one cent a pip. So yeah I did lose about 250 pips, but it was just $2.50. Maybe in a few weeks I'll start posting some signals again. I'm deadly serious about succeding in forex and I was starting to find that I was paying too much attention to the forexfactory forum, energy that I should of been putting into my trading. I'm also big believer in not listening to other people's trading advice which messes with me emotionaly when they say the market is going to do something that my system says its not. I've been avoided the journal and system folders on this site recently for that reason and I know thats very ironic considering I have my own thread in the journal folder. I've even stayed away from Itme's recomendations.

If I had been in town, I probably could have trippled my account with the eur/usd over the last 2 weeks, but I wasn't it, and yes it did suck like hell to miss the one big trade that everyones been waiting for since August, but I just keeping telling myself there will always be more trades.

I'll be back in a few weeks.