Saturday, July 10, 2010

Explaining the setup and the Swing High/Low indicator


This is the setup i use mostly..
and this is the indicator i use to determine swing high/low

Click Here to download Swing High/Low indicator

Monday, July 5, 2010

GU trade Easy +13


GU 2min chart.. Easy 13 pips but went 24 pips and going up. took profit at fib extension..

First time trading GBP/JPY


First of all trading GY pair is risky yet very profitable.. My first trade ( BUY Blue Arrow) i used 30 pip SL which I should have used 20 pip but in any case it hit my SL then 2nd trade (SELL Blue Arrow) I grabbed aprrox 40 pips.. so altogether up only 10 pips today but .. the sell went almost 90 pips.. i should have trailed it.. in any case.. good trading
NOTE: Today is a holiday in US so market is thin...

Sunday, July 4, 2010

Still testing GY




All the blue arrow is signal to enter position..
As i said before still demoing the GY

Thursday, July 1, 2010

Some demo trade with GY pair


As I am on demo with my method using 5m TF in GY pair .. first buy was a break even as price break the level ( blue Line ) and pullback on next bar so that was a valid buy went 25 pips so after spread i don't know could have taked few pips but i left the SL at Break even. So + 0
Second short was perfect short at Pullback .. took +50 but price went +70 pips.. cannot complain ... :)

Third buy signal was also a perfect signal went 48 pips but took only 15 pips and then it hit my traling stop..

so In total +0 +50 +15
Not Bad for demo :)