Classic FX

Depth Trade said:
Have entered following positions.


Eur/usd: short 1.4260

Usd/chf: long 1.1628

Usd/jpy: long 114.85 6



Classic FX
- 5.7094 %
Account value.
(start date 22/09/06)
:)
Click to expand...
Have exited all positions.

Eur/usd: out at 1.4140 3

Usd/chf: out at 1.1778

Usd/jpy: out at 116.93 5



Classic FX
- 4.5404 %
Account value.
(start date 22/09/06)
:)
 
Have entered following positions.


Eur/usd: long 1.4140 3

Gbp/usd: long 2.0425

Usd/chf: short 1.1778

Usd/jpy: short 116.93 5



Classic FX
- 4.5404 %
Account value.
(start date 22/09/06)
:)
 
Depth Trade said:
Have entered following positions.


Eur/usd: long 1.4140 3

Gbp/usd: long 2.0425

Usd/chf: short 1.1778

Usd/jpy: short 116.93 5



Classic FX
- 4.5404 %
Account value.
(start date 22/09/06)
:)
Click to expand...
Have exited following positions, due to re-positioning.


Eur/usd: out at 1.4140 3

Usd/chf: out at 1.1778

Usd/jpy: out at 116.93 5


Still holding Gbp/usd long.



Classic FX
- 4.5404 %
Account value.
(start date 22/09/06)
:)
 
Depth Trade said:
Have exited following positions, due to re-positioning.


Eur/usd: out at 1.4140 3

Usd/chf: out at 1.1778

Usd/jpy: out at 116.93 5


Still holding Gbp/usd long.



Classic FX
- 4.5404 %
Account value.
(start date 22/09/06)
:)
Click to expand...
Have exited Gbp/usd position.


Gbp/usd: out at 2.0356 5



Classic FX
- 4.6104 %
Account value.
(start date 22/09/06)
 
Have entered following position.


Gbp/usd: long 2.0376 1



Classic FX
- 4.6104 %
Account value.
(start date 22/09/06)
:)
 
Have entered following positions.


Eur/usd: short 1.4296

Usd/chf: long 1.1665 6

Usd/jpy: long 114.56 3



Classic FX
- 2.1144 %
Account value.
(start date 22/09/06)
:)
 
Depth Trade said:
Have entered following positions.


Eur/usd: short 1.4296

Usd/chf: long 1.1665 6

Usd/jpy: long 114.56 3



Classic FX
- 2.1144 %
Account value.
(start date 22/09/06)
:)
Click to expand...
Have exited all positions.


Eur/usd: out at 1.4398 4

Usd/chf: out at 1.1636 4

Usd/jpy: out at 114.16 3



Classic FX
- 2.4975 %
Account value.
(start date 22/09/06)
:)
 
Depth Trade said:
Have entered following positions.


Eur/usd: short 1.4296

Usd/chf: long 1.1665 6

Usd/jpy: long 114.56 3



Classic FX
- 2.1144 %
Account value.
(start date 22/09/06)
:)
Click to expand...


DT, I'm not trying to be a smart-**** after the event, but I just cannot understand any of your trades here. What time frame are you looking at ?
On the daily, EurUSD is in a clear uptrend. MAs are rising, well above the Tunnel, RSI above 50, rising and crossed over MA with prices happily hugging the middle speed line. I could only ever be long here (that's a lie, 'cos I do enjoy fading Bubbles back to the longer MAs, but no way is there a bubble here)

The USDCHF is completely the opposite, well below the tunnel, with MAs falling, RSI well below 50 and below its MA.
Same can be said for USDJPY. Shortsville only.

is your TF such that you're aiming for short-term counter-trend corrections ?

I'm not trying to be critical, it's just that I can't understand your methodology, can you explain please ?

cheers, garry
 

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rathcoole_exile said:
DT, I'm not trying to be a smart-**** after the event, but I just cannot understand any of your trades here. What time frame are you looking at ?
On the daily, EurUSD is in a clear uptrend. MAs are rising, well above the Tunnel, RSI above 50, rising and crossed over MA with prices happily hugging the middle speed line. I could only ever be long here (that's a lie, 'cos I do enjoy fading Bubbles back to the longer MAs, but no way is there a bubble here)

The USDCHF is completely the opposite, well below the tunnel, with MAs falling, RSI well below 50 and below its MA.
Same can be said for USDJPY. Shortsville only.

is your TF such that you're aiming for short-term counter-trend corrections ?

I'm not trying to be critical, it's just that I can't understand your methodology, can you explain please ?

cheers, garry
Click to expand...
Hello Garry, I welcome your comments.
Keeping it short and sweet, I'm not trading the charts 'out-right'. I'm trading my own representation of USD, I have my own way of quantifying the value of the dollar and use that for my trend determination. What MAs and RSI are doing have no influence on my strategy.
..That's why you get a price reaction that corrects weeks of positioning, price will blast through Support & Resistance and MAs to align with Actual Value, instead of moving because of positioning.

Currency in almost impossible to trade, because as far as I know it only trends 45% of the time.


DT
:)
 
Currency in almost impossible to trade, because as far as I know it only trends 45% of the time
Click to expand...

45% is significantly more than other markets trend (typically 30%) and more than enough to make consistent profits in my view.


Paul
 
Depth Trade said:
I have my own way of quantifying the value of the dollar and use that for my trend determination. What MAs and RSI are doing have no influence on my strategy.
Click to expand...


DT, I guess if we all saw the same things on the charts, there would be no market ! :LOL:
best of luck, G
 
There are no positions this week, market is out of alignment.

!! USD is weak though, I recommend shorting usd against Aud & Gbp

Classic FX
- 2.4971 %
Account value.
(start date 22/09/06)



DT
:)
 
Last edited:
Have entered following positions.


Eur/usd: short 1.4673 3

Usd/chf: long 1.1228 5

Usd/jpy: long 110.74



Classic FX
- 2.4471 %
Account value.
(start date 22/09/06)
:)
 
You are obviously expecting strength from the USD, Can you say on what basis you have decided this ?


Paul
 
Depth Trade said:
Have entered following positions.


Eur/usd: short 1.4673 3

Usd/chf: long 1.1228 5

Usd/jpy: long 110.74



Classic FX
- 2.4471 %
Account value.
(start date 22/09/06)
:)
Click to expand...
Have exited all positions.


Eur/usd out at 1.4668 2

Usd/chf out at 1.1171 5

Usd/jpy out at 111.01 8



Classic FX
- 2.2809 %
Account value.
(start date 22/09/06)
:)
 
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