the key to the mint

I'm still on demo with Harold's system. It's not a reflection of any uncertainty with his method though. I've got beyond using the indicators as mere representatives of trend to detect strength of movement, nature of flow etc. I'm at the stage where I'm familiarising myself with the flow of each days move.

You've got to stick with this system though, surf it so to speak, and it takes you into it's natural rhythm. You start to see patterns emerge. So don't let initial teething pains deter you.....use it as the tool it's intended to be...a very useful and informative picture into the dynamics of currency movement.

It wont remove all unknowables, thats in the lap of the gods, but it sure does minimise them to a nice manageable magnitude.

good evening all key to the minters thought i would open up this way well the question is this how low will they go we have 5 shorts cadjpy,eurjpy,gbpjpy,gbpusd,gbpchf i have been thinking about that backtest on eurcad and it didnt seem right so i check and it wasnt producing i am contemplating substituing it with the audjpy maybe someone could backtest that one and let me get some feed back on it

Harold,

I will back test the AUDJPY. What time frame should I do. I can start on it right now and report back as soon as I am done.

Glen

thanks Glen.
I'll let h4x give direction.

on side note Fukui speaks at some stge this morning, so watch any jpy trades......2008, year of the yen?

I am going to backtest the AUDJPY (manually) from 11/30 thru 12/16. This will take us through a trending phase and a consolidation phase. I will report my findings when complete.

PipPrince

I will backtest AUDJPY from 11/08 to 12/16. Sorry for the mistake.

thanks pip prince folks i have working on a little set and forget for some who cant get up or for some extra pips results are as follows 2005 +2200 2006 +1300 2007 4100!!this is a breakout strategy for gbpjpy

Harold,

Sent you a PM.

Glen

pipprince i responded to your pm

If the back test turns out favorable or ok, i would vote to kick out the EURCAD and replace it with the AUDJPY simply based on the difference in spreads of these two pairs.

EURCAD is around 8-6pips

AUDJPY is around 5-3pips

I know this can flex from broker to broker. mine (IB and TS) shows this. how about yours?

What pairs are you guys currently with? Have you added to Harold's initial list?
Risk aversion seems to be the flavour of the moment. Japan, Oz and NZ (all of Oceania it seems) equities are down at the moment. Nikkei is down 455 as I type.

Ta

my broker has a fixed 5 pip on audjpy pairs are cadjpy,eurjpy,gbpjpy gbpusd gbpchf and am contemplating removing eurcad and replacing it with audjpy

I've been watching the aud/jpy for sometime now and it seems like a good fit, imo. Bob

i have a few backtesting not only during trend but in consolidation also it seems the daily range is close or better than eurjpy if thats the case it should be a go i have just checked and audjpy has more volitility than eurcad and it has bigger range i think i might switch just waiting on some backtests

Here are the results my friends.

17 Trades

11 winners
6 losers

+171 pips

Got out of the last trade with -9 when the stock crossed on the hourly.

PipPrince
(Glen)

i tested from 12/18 till present 9 wins 1 loss so the whole deal is 20 wins 7 losses so out with theurcad and in with the audjpy

If it works for you guys, it works for me.

it kind of makes sense as one of the traders and i were talking about the carry trades unwinding so this pair makes sence plus the cad and aud are commodiites currency dealing with oil and gold so again we are replacing eurcad with audjpy

Looking at your mix, would it be fair to say that they are a combination of safe havens and gold in a time of risk aversion, with a potential to trend for the foreseeable future?

anyone planning on being up for the 600GMT bar open with the possibility of entering a trade?

After looking at the possible pairs, I am thinking GBPUSD short would be best choice. this is based on right now with the jpy weak across the board, GBP is realtively weak too, and the USD is relatively strong.

What are your thoughts for choosing the better if choices are available in order to reach that goal of 30-50 pips daily?