the key to the mint

what made you take the trade? clearly it was a No signal ..

my broker is +1GMT thats why I am looking at 15GMT candle.

anybody with monday's signals?
I want to cross check with mine: Short GBP JPY and GBPUSD. CORRECT?

SHORT CADJPY - OVERSOLD
LONG EURCAD
SHORT EURJPY - nearly OVERSOLD
SHORT GBPCHF - OVERSOLD
SHORT GBPJPY - OVERSOLD
SHORT GBPUSD

Forget The Ob/os On Daily Chart Only Using The Rsi Use All 3 On Hourly And Then If They Are In Ob/os Stay Out Long Eurcad Short The Rest

-22 PIPs for week of 1/13/08

first week trading live this method.
I realized some of the mistakes made and look forward to an improved week!

not to mention sleep schedules!

Thats pretty funny!!

I Dont Know About The Sleep Schules I Also Am Contemplating Starting At10 Or 11 Gmt I Am So Tired Getting Naps And Not Sleep We Will See

forgot tomorrows martin luther king day things might be very slow i dont even know if my broker will allow trading tomorrow just called broker they only close on christmas and new years

big moves often comes on some hollyday so expect eurjpy more down,they like to move it when we (mortal traders) are not working...

Hi harold and hi all,
I got the new rule for our dayly set up - no stochastich - but still I have some dubts about the "trade time" ... for example now (asian market) what about if we got good signals???

volume is down compared to london but if you want to go ahead i tried it sometimes you have some good moves most times not so good

Has anyone written an EA for this system that actually makes the trades so that we can back test with differenct scenarios and various currency pairs?

Thanks in advance.

i'll like to be carefull with going long on EURCAD (doesn't feel too good with me. Trend sems to be reversing already).
What do you think?

Did anybody else take the GBP/CHF short at the close of the 6gmt candle? I just cashed out with +20 pips. Seemed to be stalling a bit. Now that I'm out I'm sure it will start moving down!! LOL

For my platform the ema crosses will happen just at the next close (8 gmt) ... why you anticipated?

I'm using North Finance and it showed the 5ema already lower than the 8ema at the close of the 6gmt candle.

I back tested a couple of pairs this weekend with the idea of dropping the Stoch off the daily charts. I went back to Oct.1st. I used the basic rules to "the mint" (ie stochs crossed, emas crossed and RSI above or below 50) I used little if any discretion on anything else.

CAD/JPY
48 wins
24 losses
66% win ratio

EUR/CAD
41 wins
45 losses
47% win ratio

EUR/JPY
36 wins
19 losses
65% win ratio

GBP/CHF
43 wins
23 losses
65% win ratio

Please keep in mind that I did this manually and there could be some human error. Also remember that very little consideration was given to other things like candle size, ob/os stochs....etc....
The EUR/CAD was a shocker. Not a very good win percentage....but then again thats debateable
If you ask me that is a pretty good win percentage with blind trades. You could definately improve the win percentage if you just used a little brain power.
As for the Stochs on the daily charts it looks like the percentages are the same weither you use them or not. You just have more trade possibilities.
I will test the rest of "the mint" pairs when time permits.

yep. went short too on two slots. one at 2.1533 and exit with 20pips. the second at 2.1530 and exit with 25pips. a total of 45pips

hello autaret, which broker are you with? North Finance gave the signal earlier and it paid of. 45 pips isnt bad is it?-lol