xr86yp295m Forex Leader: September 2009

Sunday open

September 27, 2009

We opened at 17:00 EST @ approx. + 2k. Here is the situation at 5 minz before 20:00 EST:




Will we reach 3k tonight ??? SUSPENSE ! This is amazing.......

Friday close

September 25, 2009

Another great week comes to an end and markets have now gone to sleep. We closed at over +2k as you can see below with all but one trade on the positive side of the spectrum:



nb: I made some mistakes with my screenshots yesterday, as you might have noticed, my MT4 terminal window wasn't open high enough so the 2 first trades weren't showing (gbpjpy and eurjpy). Sorry about that !

OK so have a great week-end all and hope you have fun and relax and be there at market open !

It continues

September 24, 2009

Hehehehhhhe you wanna have some fun? Geeze, I love trading, look at this, couple hours later ;-)

Amazing

September 24, 2009

Just a few minutes later...... No comment required:

Up to 1k again and again

September 24, 2009

A few hours later.... Did I mention earlier that things were going great? Look at this, all new fresh trades just taken today (look at the time column all taken on the 24th)

False signals avoided by parameter setting

September 24, 2009

Good ! Things are going great @ approx. +800 pips at the moment. Yesterday was a « shake & bake » kinda day with the interest rate announcement for the US (which remains at 0.25%) and despite the fact that it stayed the same and WAS ANTICIPATED to stay the same, the markets rocked at 14 :00 EST – One day I’ll try to understand this news trading stuff.

But for now, I want to clarify a technical detail which some of you have asked about. I think I’ve covered this, but I’m not sure. The EA has a parameter which is set (for all pairs) to enter on the NEXT bar after a cross, not right away. I tested both settings on all the pairs, and this is the optimized setting. What this does is it will act as a kind of filter, as you can see in the example below. That’s AUDUSD yesterday afternoon on the 15:00 bar. You can see that the 14:00 bar ended up an almost doji and on that bar, the MA had crossed. Then it uncrossed, and as you can see, on the 15:00 bar, the MAs have NOT crossed because the price went back down. So that’s an example where having this setting prevents “false signals” to be taken, because the next bar acts as a confirmation of a cross.



My forward tests with my three scalpers are going better than expected. I’ve been at this (forward testing) since August 6 and won’t release them until I’m completely satisfied. The backtests gave excellent results, but I want to forward test for a length of time with which I am satisfied. Can’t remember if I mentioned this, but I “baptized” them Papa Scalper (slower TF but less DD), Mama Scalper (higher TF, bit more DD, more profit) and Baby Scalper (fastest TF, more DD, more profit).

OK so 1.5 days left of this trading week, I’ll tell you 2 week-end days off followed by 2 week days OFF just drove me almost crazy !

Japan holidays

September 22, 2009

Well 2 days of total NOTHING or just about on the markets. Yesterday (Monday) was a bank holiday in Japan and today they celebrate "Autumn equinox". Didn't think that Japan being off would cause markets to be so quiet. Total ZZZZZZZZZZZZZZZZ !

Hope things pick up tomorrow !!!!!!

Friday close

September 19, 2009

Busy, busy, busy, + we have an infestation of WASPS !!! near the roof, anyway here’s how we ended the week yesterday:



Some of you have asked about my daily approach (which I use in conjunction with this main system), so I’ll be writing about that in an upcoming entry.

Have a great week-end all and I hope you don’t have WASPS IN YOUR ROOF !

We hit 1k again

September 16, 2009

Just a quick update - we hit the 1k mark again today !




And below you can see gbpaud, this one is really sinking fast right now !!

Beginning of week

September 8, 2009

I can't believe this is ALREADY the second week of September, boy time goes by fast !

I was very busy last week and also experienced some technical problems which caused my 2 platforms to become "desynchronized" at the beginning of the week, so I kinda had to try to see where things were headed with "one eye closed". But since the week before had closed with the trending ahead, I continued in that direction in my account. The week closed at +600 or thereabouts, so again this week I'm going trending and things (technical) seem to be back to normal. Of course yesterday was a very quiet (not to say boring) day because of the holiday here and in the states (labour day) but around 4am (I couldn't sleep) there was some serious action. Then today, well, up a little down a little. And the trending is still ahead at +350 and ranging at -350. For those who were around last year, September was a "groovy" (is that the right word??) month, very trending, so we'll see if this year is the same. I doubt it because last year this time was sort of the beginning of the financial crisis whereas now it's much quieter, but anyway we'll see. So here's where things stand for this week, apart from one trade from last week (Friday) all trades were opened sinced Sunday, so that's about +350 pips, you can't say it gets any easier, and Sunday was quiet plus yesterday was a holiday ! I also have a usdcad trade in my account, but I'll explain about that later (different approach).