I have came to the realization that this particular system is extremely accurate in knowing the next move, but quite lagging in predicting the timing. {image}
{quote} What's your myfxbook link?
This is a trading journal, my trading journal. I choose to post what I find suitable.
I'm posting the equity curve & DD to show how I'm working on developing this idea that I started 1 year ago.
They are in no way perfect or even near perfect, that's why I'm actively working on making them better.
This idea went live 9 months ago, and if you had any clue about system development you'll know that a good system is not born out of thin air, it requires work & development.
{quote} A high probability trade has very little DD...want to see what that looks like? I can show you.
However, I do know a couple of people that may be interested...
They've been sitting on my Ignore list all alone for quite a while now, I'm sure they will find you entertaining
If you mange to fool them into buying what you are offering don't forget to send me a part of the pie
{quote} I see your daily DD are almost as big as your winnings lol but a win is a win I guess or is it a gamble? I don't call big DD a high probability set up, do you?
hint: read what was written in the same post on top of what you saw
Haha, very sweet of you, but thanks I'll pass. However, I do know a couple of people that may be interested... They've been sitting on my Ignore list all alone for quite a while now, I'm sure they will find you entertaining
1- Your level of replies are way below the level wanted around this thread.
Exhibit A: " Once an idiot always an idiot I even posted something new fool yet you chose to ignore it so back back to your cockroach hole and stay there and read and read"
Exhibit B: "Don't be an idiot when you address me with your god's crap. "
2- You are a commercial member spreading your links right and left to provide signals.
Your thread failed big time, so you decided to high-jack other threads that people actually read to try to sell yourself.
This was your latest try. I believe it's going to be the last too since I'll be reporting you & putting you in the Commercial section where you belong.
Yalla sar fik tza77et rayyes Elie, rou7 l3ab eddem baytak.
- #365
- Aug 27, 2016 8:06pm Aug 27, 2016 8:06pm
- Joined Oct 2011 | Status: Trader | 1,076 Posts
{quote} Seems so
{quote} hey jay after last week moves, wat is ur next predict ? do u still hold ur gj trades? do u expect jpy will get strong near future?thanks
Friday's move might seem like 'something' if you're looking at lower TFs, but if you look at the bigger picture, it was just a insignificant minor hiccup.
Even on the fundamental side, nothing have really changed, it was just talk.
I still see JPY strengthening significantly & GBP losing more value. So holding onto my gj shorts is a no brainer from where I stand, I'm even considering adding some more once this upside momentum is lost.
Some may argue that there's plenty of opportunity in making money in this upside move, I can't disagree with that.
But personally I'll stick to my plan like I always do & wait for the market to come back to me like usual.
I may be in a small DD in the meanwhile for a short time, but in the end we'll see together how things will play out
{quote} Hey mate, I still stand by my bias quite strongly. Friday's move might seem like 'something' if you're looking at lower TFs, but if you look at the bigger picture, it was just a insignificant minor hiccup. Even on the fundamental side, nothing have really changed, it was just talk. I still see JPY strengthening significantly & GBP losing more value. So holding onto my gj shorts is a no brainer from where I stand, I'm even considering adding some more once this upside momentum is lost. Some may argue that there's plenty of opportunity in...
{quote} We did indeed get the DD mentioned above. I have mixed feelings about this. I'm not so happy to have to sit in DD, but I'm glad that history is nicely repeating itself & giving us better market predictability. The DD cycle is starting to look a little predictable, thus giving me a better chance day after day to reduce it for the future & know when to not add to my position. As you can see in the pic below the DD this time has been of a lesser magnitude. The question is, will we be heading a little further down ? or is a new equity high underway?...
USDCAD too please! Although deducible from what you said, would be good to get another opinion on it.
If I'd had to chose now, I'd go for a buy, but I believe both buyers and sellers at these levels will make profit in the longer run if they can hold long enough.
I know that's kind of confusing, but I hope you can get something out of it
Personally I'm not holding any positions in UC
Hope everyone's ready for the next wave of JPY strength. This is going to be goodTargets for CADJPY & NZDJPY remain the same (we were just few pips away from the targets last time around, and the market decided to give an extra opportunity for entry) USDJPY to 99.50 again. I expect a larger move to the downside, but I'll have to re-asses once 99.50 gets cleared. AUDJPY first target is 76 , followed directly by 75.81 ; I'll re-assess once those are reached (we are pretty close) GBPJPY once again below 130 Trade smart, watch out for any stop hunt...
1- CADJPY: Target 77 gone - DONE
2- AUDJPY: First Target 76 - DONE ; Second Target 75.81 still valid
3- NZDJPY: Target 72 - Currently price is @ 74.30, Target valid, but caution required cause a revisit to 75.5 is not out of the picture. So better get short if/when price makes a move higher.
4- USDJPY: Target 99.50 - This pair has been consolidating for a while in a relatively tight range, time for a break lower. Watch out for BOJ & FOMC volatility
5- GBPJPY: Target 130 - This has been my favorite. Down 700 pips from the highs, another 200 will not be an issue