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GBPJPY Daily Trend Method

  • #481
  • Jul 13, 2010 8:33am Jul 13, 2010 8:33am
GY System Trade Alert: No Trade Today

The ADX is not willing to play today....
  • #482
  • Jul 13, 2010 8:48am Jul 13, 2010 8:48am
If adx will cross 25 with the bar of 10:30 do we take the trade ?
  • #483
  • Jul 13, 2010 9:46am Jul 13, 2010 9:46am
Quoting N_na_nah
If adx will cross 25 with the bar of 10:30 do we take the trade ?
Sorry for the late reply.....No, If the ADX is below 25 at the close of the 9:30 bar there is no trade for the day.
  • #484
  • Jul 14, 2010 7:38am Jul 14, 2010 7:38am
What is the position size recommended ?
Thank's in advance for your reply
  • #485
  • Jul 14, 2010 8:11am Jul 14, 2010 8:11am
Quoting N_na_nah
What is the position size recommended ?
Thank's in advance for your reply
If you are going to trade it on a live account, I would say no more than 1% of your account balance.
  • #486
  • Jul 14, 2010 8:12am Jul 14, 2010 8:12am
Traders, working on a parameter update for the method here. I will try to post the update video to page 1 of the thread by the end of today.
  • #487
  • Jul 14, 2010 8:12am Jul 14, 2010 8:12am
Thank you, it is looks like we do have today a good sell signal, Do we ?
  • #488
  • Jul 14, 2010 8:19am Jul 14, 2010 8:19am
Quoting N_na_nah
Thank you, it is looks like we do have today a good sell signal, Do we ?
It certainly looks that way......we'll know for sure in about 40 minutes
  • #489
  • Jul 14, 2010 8:46am Jul 14, 2010 8:46am

We should be going short here in about 15 minutes.

  • #490
  • Jul 14, 2010 9:03am Jul 14, 2010 9:03am
GY System Trade Alert: Sell

I'm short @ 134.60
  • #491
  • Jul 14, 2010 9:06am Jul 14, 2010 9:06am
I was a bit slow on the trigger...short at 134.56 on Oanda
  • #492
  • Jul 14, 2010 9:15am Jul 14, 2010 9:15am
Quoting Bobcat2
I was a bit slow on the trigger...short at 134.56 on Oanda
Still not bad.....only 4 pips difference
  • #493
  • Jul 14, 2010 9:51am Jul 14, 2010 9:51am
Sorry...but I think my entry tilted the forex world out of balance and caused the trend to change direction...
  • #494
  • Jul 14, 2010 10:03am Jul 14, 2010 10:03am
Quoting Bobcat2
Sorry...but I think my entry tilted the forex world out of balance and caused the trend to change direction...
That's it.....you are banished!!
  • #495
  • Jul 14, 2010 10:38am Jul 14, 2010 10:38am
is there anyway to have email alert for this ?
  • #496
  • Jul 14, 2010 10:54am Jul 14, 2010 10:54am
Traders, just stopped out of todays trade.

Total July Pips = -80
  • #497
  • Jul 14, 2010 1:01pm Jul 14, 2010 1:01pm
New parameter video is available on Page#1.
  • #498
  • Jul 15, 2010 8:18am Jul 15, 2010 8:18am
Good morning traders! Will today be the day that the markets break their respective ranges?? Your guess is as good as mine.

As I mentioned before, please watch the video update on page #1 of the thread. It covers the new parameters and I have attached a new template for everyone as well. Again, thank you all for following the thread.

Michael
  • #499
  • Jul 15, 2010 8:43am Jul 15, 2010 8:43am
Traders, very interesting market dynamic here. EU and GU are ripping higher. AU and NU are not confirming this weekness. Also USDJPY is weakening and USDCAD is not....Very interesting....Looks like some horrible US Data this morning as well.
  • #500
  • Jul 15, 2010 9:01am Jul 15, 2010 9:01am
GY System Trade Alert: Wait
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