1,350 pips since yesterday!

July 8, 2009

Did you see these JUMBO candles today?



It’s unfortunate (I would use another word if I wasn’t polite) that my demo expired 2 days ago because I would probably be showing you an all time RECORD. I made the calculations by hand (and you can check for yourself using the results I posted just before the expiration Tuesday) and this is what the trending platform would show:

Eurgbp: +124
Gbpusd: +410
Gbpjpy: +994 <--- !!!
Usdjpy: +365
Eurjpy: +631
Gbpchf: +224
Gbpaud: +137 (new buy) I’m currently in this one with new demo
Usdchf: +34
Audusd: +139
Eurusd: +49

For a total of: +3,107 pips !!! MaMaMia...

Considering this is only 7 trading days (since June 30) that's a cool +443 pips/day average... (or $4,430.00/day on standard lots, or $31,010.00/week, or $124,040.00/month, or... well you get the picture ;-)) Do the math for one year hehehe...

New account

July 7, 2009

Well just after I posted that screenshot, my trending platform demo EXPIRED ! (strange that the ranging one didn't expire as I had opened them at the same time, but who knows with brokers)

So anyway, I have to restart once again, so here's what your screen should look like if you've just started about 3 hours ago (new trending platform):



So you can see, we're still trending away...

Beautiful wake-up

July 7, 2009

I woke up this morning around 11 :00 am to a screen which once again was hitting the +1,600 mark. And the gbpaud sell was at +130. I told you when this one goes right, it’s worth it. I adjusted my SL as it was starting to go up a bit, it got hit, and I pocketed +112, all in all I came out BE with this one (recrosses included). It’s currently at +1 but looking to loose speed on the upside.

We also had a few recrosses with eurusd and usdchf which have been playing hide-and-seek, but apart from these small losses (you might have come out at BE) the overall platform is still doing great as you can see.



I’m still working on my scalping strategy to fill the waiting time and I want to make it as simple and straightforward as possible as well as profitable, of course this goes without saying. I’m currently up about +600 pips (592 to be exact) since June 18 (14 trading days), so that’s about 42 pips/day which is a nice addition. So that’s what I’m working on these days, in between levels of Zuma. I’m also keeping an eye on the Pair Difference indicator, but so far it isn’t “speaking” to me clearly.

Alright, back to the graphs.

Pair difference

July 6, 2009 later

I hope everyone took some nice profits since the move at ++ 1,600.

Everything is going well with the platform still showing +1,000 except for gbpaud which has been trying to get funny on us and had 2 recrosses. This one has a mind of its own and I’d advise you not to trade it in your account in the beginning. Leave the bot on in your observation platform but turn it off in your account. It does these recrosses that’ll make you say religious words and frustrate you, but once it starts to fly in the right direction, wow, it’s a spectacular thing to see.

I stumbled on an indicator today called Pair Difference (well I stumbled on it in my own directory while searching for something else, I must have had it for a long time). See pic below:



You’ve got 8 pairs on this, the 2 missing are the CHFs (can only input 8 pairs in the indi).

Here are the colours:

Audusd: white
Eurgbp: yellow
Eurusd: red
Eurjpy: purple
Gbpaud (the brat!): gray
Gbpjpy: olive
Gbpusd: lime
Usdjpy: aqua

I don’t know how it can relate to our platforms and I’m not even sure what I’m looking at but notice something happened on July 2 (last Thursday). I remember there was big movement around 16:00 (I spoke about this on here) probably due to profit taking before the US holiday but I’m not sure it has something to do with this. For a moment (this chart is the 1H bars) the pairs all seemed to “not” have any difference and then they started parting again.

I’ll need to look into it more closely in case it can give us an additional cue as to when markets are changing direction (always looking to find an extra edge!). I’ll upload it to the download link in a second. If you hover your mouse over the lines on your screen you’ll see what pair it is.

Have a look again...

July 6, 2009

Just got up - it's 10:30 am here. Look at my screen !

July is a crazy month !

July 5, 2009 yet again not so many minutes later…

Heheheheh….

Didn’t I tell you that July was a crazy month?

Some of you are facing a 10,000 $ profit right in your face right now. Less than one week of work, this is too good.

If you’re not convinced, I’m posting these figures in real time so anyone can check their charts to see I’m not making anything up. It just works….

Trending, trending

July 5, 21:37 a few minutes later, and it doesn't stop !

Look :



Do you realize that these are MINI lots here? Those of you who trade standard lots have 9,000$ (that's NINE THOUSAND DOLLARS)in front of your screen right now (double if you're trading in euros!) and these trades where only taken since last Monday, so not even a WEEK old !

Dear God....

July 5, a bit later

It's currently 21:26....

Look at this! Tell me why anyone would want to do anything else than trade forex ??? The dance continues...

Trending away

July 5, 2009

Welcome back on board!

Our trending platform closed Friday at +547 and it's currently up at +704 an hour and a half after market open :



Great week ahead!

Friday close

July 3, 2009

It's the end of another glorious trading week, once again. We're finishing in nice profit and it feels more than good. Today was a holiday in the US, so things were a bit slow this morning and definitely SLOW this afternoon which a peak around 16:00 probably due to profit taking before the week-end.

So I wish everyone a good one and as usual, see you at market open !

What a few minutes can do...

July 2, 2009

This is about 20 minutes later.



Not comments required ;-)

Another trending day

July 2, 2009

Forgot to say "Happy 1st of July to all" (Canadian holiday) yesterday.

Alright, here's where our trending platform currently stands at 17:00 :



GBPCHF is just about to cross up after raking in +130 pips. Good boy!

A great trading day, once again!

Trending strengthening

July 1, 2009

Trending is currently at + 528 (ranging is in negative territory).

In a hurry, back later!

Trending back in force?

June 30, 2009

What a slow day....

This morning both platforms were about equal and then the trending one started taking over and is currently about +100 pips more than the ranging one, which isn't impressive (yet). This roller-coaster we've been having over the last 4-5 days will test your patience. But I'll tell you this (I'm sticking my neck out here) that this really feels like "the calm before the storm". I see many pairs which are just screaming to fly (example below). And as I mentioned in another post, tomorrow we're starting July and ALL my July experiences have been wild, to say the least.

Now, I don't want to predict the future (because I simply can't) AND the trending platform isn't showing all that much strenght (yet) but I just turned it on for my live account - you don't need to do the same, just continue watching your platforms until you're really comfortable with the way they look, until you're confident of what they're showing. I might be a bit impatient myself here after 5 days (my God, 5 WHOLE DAYS! of not trading, get the gun out!) so maybe I'll be sorry, so don't just go firing off your platform cause I did it, alright? If you're new to this system, WATCH what will unfold in the upcoming days. The big trending I'm anticipating might only start at mid-July - I don't have a crystal ball...

In the meantime, the last few days I've been developing a scaping method that I'm tryting to make as simple as possible (for when your bots are off, or even in between trades with the main system, if you're like me and absolutely have to trade).

I'll post more later when my system is more complete.

These are 2 pics of gbpusd and eurgbp (random choice, just because I'm in those 2 trades right now (scalping). Look where they both are based on the center of gravity. GBPUSD is in an uptrend, on the perfect retracement position. EURGBP is in a downtrend, again at the perfect place. The dailies also show confirmation of trends.






Settings for the COG are 168 (or 1 week).

Who else is sick of the sideways market?

June 29, 2009

Well, yesterday I mentioned that the platforms were almost equal, but then later, the ranging one started taking over and today has also been a ranging day with the platform ahead of the trending one.

I was reading a forum yesterday, and at some point, a poster says:

Who else is sick of the sideways market?

Well, this was posted by a member on .... feb 18, 2009.

Do you remember at the beginning of this blog I mentioned that February had been a ranging (or "sideways") market. This guy was trading a trending approach, see, so things weren't going well. At that time, the ranging platform was doing very well, thank you very much. That's why we need 2 approaches!

So currently, the ranging platform has taken over the trending one. Here are the closed trades since last Wednesday, with gbpjpy just reaching its TP a few hours ago.


For a total of +550.

And I'll also cite something else I enjoyed reading. This other guy compares trading to baseball and martial arts:

"I used to play a lot of baseball. I cannot tell you how many times I went to bat. What I can tell you is in a split second I could decide if it was a ball or a strike, if it was a curve ball or a knuckle ball. Most who have played will say the same thing. I could even see the strings on the ball as they were rotating. This would tell me what kind of pitch was thrown. This would tell me to swing early or wait a little longer to let it break and then I would swing. I was able to do all of that by doing it so many times. Trading is no different."

"Now comes practice. Demo of course till you know it in your sleep and you can actually feel the movement in the market. Martial artists will tell you after they practice so much that the opposing guy throwing a strike actually feels like it’s in slow motion. Trading is no different. You will learn to feel the rhythm and will get good at finding the best entry and exits. This comes from practice."

And I would add that this approach is no different. You will eventually "feel" when markets are turning around after watching your platforms show you a certain number of times.

Alright, let's get back to the charts, we've got a big week coming up!

Happy trading!

Sunday open

Hi all and welcome back,

Well my broker FINALLY woke up at 5 minutes before 20H !!! grrrrrrrr

I was monitoring on my other brokers' platforms and things were extremely slow the last couple of hours, usually Sunday opens don't take this long. Ah well, it's never the same, I suppose.

Both platforms show about the same as I mentioned on Friday, with the trending one a bit ahead.

I'll come back later. I wish everyone a good and profitable trading week !

Forex Abbreviations

June 27, 2009

This Saturday, I thought I'd prepare a Forex Abbreviations list. It's like a Lexicon or a keyword list and I hope it'll help you understand posts in here as well as in various Forex forums. I'll be adding words as I think of other abbreviations to add. Hope this helps.

ADR Average Daily Range
ADX Average Directional Movement Index
AUD Australian dollar
CAD Canadian dollar
CHF Swiss franc
DP Daily Pivot
EUR Euro
FIBS Fibonacci
FOREX Foreign Exchange
FX Forex
GBP Great British Pound
GTC Good Till Cancelled
JPY Japanese yen
MACD Moving Average Convergence/Divergence
MTF Multiple Time Frame
NZD New Zealand dollar
OCO Order Cancels the Other
OTC Over the Counter
PP Pivot Point
SL Stop Loss
TF Time Frame
TP Take Profit
TS Trailing Stop
TSU Trading Set-Up
USD US dollar
S/R Support and Resistance

Friday close trending resumes

June 26, 2009

Wednesday the platforms were equal, yesterday the ranging one was taking over a bit and today things reverted to trending, but not as much as in the beginning of the week. Since my broker closes at 16h on Fridays, here are where things were at 16h, 5 minutes ago.

Trending vs Ranging:



So you can see that they're both + 200 and - 200 approximately inversely equal. Of course, I can't say what next week will bring but I have a feeling things will get movin' and shakin' as we enter July, which historically is a "hold on to your shorts mama!" kinda month. So to all the followers of this blog - who are all over the world (quite amazing, truly from ALL over the globe) I say be prepared to hold on to your shorts (and your longs as well !!) as we start July next week in what might be a wild ride.

Great week-end to all!

Ranging has passed Trending

June 25, 2009

Yesterday both platforms were about equal and now the ranging one has passed ahead of the trending one, but not by enough in my opinion to fire off the ranging canons. I turned the bots off yesterday so no trades were taken since and I still have 2 open trades. Times like these are the “dead zones” and fortunately they don’t last long. You could even have traded the ranging one for the last 2 days if you are adventurous but I prefer caution and staying on the sidelines. This is the hardest part of trading !

Current status:

Trending: +14
Ranging: +53

I finally uploaded my 2 indicators related to time. The first is called “Clock” and shows your local time, your broker’s time, GMT, New York, London and Tokyo. Can come in handy. The second one is called “CandleTime” and shows the time remaining on the current bar. More useful for scalping the shorter time frames, but can be used on the 1H as well.

Let’s hope tomorrow is a jazzy Friday – at least jazzier than today!

All pairs info table

June 24, 2009

There was a lot of choppiness today on the markets, probably due to the fact that there were many important news today, namely the US interest rate:



Both platforms are relatively equal at the moment so we'll see where things are headed once things get back to normal.

I updated a table I made last year to track various things, mainly spread variance, pip worth, cost of trade and ADR (Average Daily Range). You'll see below that I've included the ADR as of July 2008 and as of today, a year later almost day to day. Most of the pairs have had their ADR increase by a lot. And (you can't see this) the spreads on at least 5 or 6 pairs have widened since then. This data is from my other broker, by the way. The table is sorted by pip worth (in USD), based on the live quotes I had about an hour ago when I updated everything:



And here's the table with only the pairs that we use for this system, sorted alphabetically in case you want to keep it as reference: