The Raz Method

There were two valid crossed, but were voided out by signal line on MACD, and so neither were counted for valid sigs.

Well if you were reading from my eariler post, which was post #430, I showed you a significant reason why I passed up on the USD/JPY short....

Can you guess what it is?


It is that solid support line, right around the 89.70 to 89.74 posistions. Even thought I never mentioned before in the raz method support lines and resistance, it is crucial to never let go of Forex Basics 101 so to speak. You should always be looking out for significant support areas and resistance areas, no matter what method you trade. Yes looking at the pic you can clearly see a ton of valid entries, but you need to realize that if the 89.70 to 89.74 area is not going to be broken with a candle closed through it, then more then likely that support is going to hold solid. In this case it was quite obvious it did.

Soooo to make any profitable trade, you would need a cushion of at least +20 pips towards that support area, or do not take a trade at all.

Forex Basics 101, never forget them it should be in your arsenal at all times!

Man I should have better stats then this, but one thing is good to say for this week. If you traded the raz method in the purest form and caught all the signals.... this would have been a good start to the week. It will take me maybe a month for me to adjust my body fatigue to stay up all night to catch most of the signals. Anyhow great start to the week. I will not trade tonight nor tommorrow in observance of the holiday. I will probably eye ball the market on Friday a little, but probably pass up any good sigs.

CURRENT STATS:
WEEKLY TRAIL:
6 WINS (5 MISSED)
1 LOSSES (0 MISSED)
EARNED THIS WEEK -$2.15
MONTHLY TRAIL:
STARTING BALANCE $395.92
MONTHLY GOAL $484
CURRENT BALANCE $392.69

Text Book Forex Basics 101, yen closed passed the 89.7- to 89.74 area, and then it sold off. I did not take it, but if you were looking at it and caught that drop it sailed off for some nice pips.

Hi all
just did my first raz trade at 7.30 gmt short on the G/U, it went for 20 pips then I took profit,finished up going for about 28 but Im happy with this for a start,thanks Raz http://cdn.forexfactory.com/images/icons/icon14.gif
Liney

Well I have not traded the past two days and most likely not tonight, because of holiday. However when I get back from work I will back test any potential valid sigs. Good job, and good luck.

Well 5th week going in, with a holiday next week it only seems fitting that this weel should be a full time week. I have had missed almost all good sigs, but have not changed anything since originally starting this method a month ago. I will continue to trade in the purest form, and hopefully with adjusting my work schedule I can catch the sigs all night long. My stats show a loss at this point, but for the most part I am not dissapointed knowing well that all signals that I back test are valid sigs that I would confidently take. Last week I did not back test any sigs before and after holiday, because that is what I stated how I would trade this method, there for the stats sit at 6 wins and 1 loss. Of course I did see 4 more signals go down and hit, but I will not count them as valid trades.

So good luck to all trading, hope to see everyone make pips.

are you in the building at the moment Raz?

yes I am, whats going on!?

Looks to be slow start of a week like a typical Monday. Staying away from Yen at the moment, dont see much reason to short yet. However the rest are way out of wack right this moment to even trade anything right now. Will sleep a few hours and check back in

Live Trade:

Long Cable 1.6848

conviction to me is still Long, and I believe it will break the resistance and head north. This likely looks like a bad trade, but it was valid sig. Because of the jumpy ness of the cable, I set a limit order 5 pips back of close candle, and it pulled back and triggered it. Well I hope I can start the week off with a winner.


Well right when I posting this, I just got whipped out. LOL, start the week of with a bust. Should have listened to Psycic, strong dollar.

No issues bro. more trades to come!!

Well what do you know, of course when I come back from work there would be a valid sig that hits +25 pips. Here it is the cable. Just my luck they seem to happen when I am not available to trade, but I will continue to strive forward. I hope that I can eventually get a good luck wave and catch most signals that are winners, but this is a valid sig, and it does hit.

Live Trade:

Short 89.27

This is valid sig, I see the pair is ranging, but hit has made strong lows so I will wait to see if it takes is chance and heads short.

Of course it bounced up on me, but I will take all valid sigs at all times of the day, especially if it Yen during Japanese session. This may take time to hit, but I have all night.

4 hours later and we are half way there. I feel confident this will break clean through. Finally sitting on +green pips

well sittin on +13 pips, but this trade has been drawn out for so long that if it did bottom out, I dont want to walk away with a loss. Moved SL to +5 pips for right now. giving it about 8 to 9 pips to make its move down.

finally, but worht it, hours later +25 pips on YEN

good to see you had a winhttp://cdn.forexfactory.com/images/icons/icon14.gif.yen looks good for another short if the rsi breaks down.

ty sir very much, it feels good to catch a sig and win. Now hopefully tonight I can do the same.

Well I am making it official, I am not changing anything in the Raz Method, except for that I am going to add the USD/CAD now. I have been testing it for the last three weeks about 5 months back. I also forward tested it on demo, and it looks like works well with this method. So nothing else changes as for entries and exits, but just going to go live with this pair. I also will be looking at the NZD/USD and AUD/USD going forward, but haven't concluded to go live with these pairs.

I want to clarify before, I never said that trading this method on any other pair would not work, I just have not given the ample time to test them. However I am about 90% sure about the USD/CAD for me to go forward with it along with the 4 majors.