ICC Forex System testing

[GMP]

€$ sell signal there, but how can you trust it with the bigwigs still waffling in Berlin?

 

[GMP]

Trichet brings the markets to a halt with his super-powered, invisible, Boredom-Inducer Ray

 

[GMP]

buying AUDJPY right now is about the only trade I spy at the moment... everything else is stuck in the Greek mud

 

[GMP]

cable sell signal there, but it's all slow-motion, like trading in the evening

 

[GMP]

Merkel's up in a couple of minutes - maybe some fireworks to end the day with

 

[GMP]

little bit of movement now - tempted to buy €¥

 

[GMP]

still shadow boxing - only real opportunities seem to be AUD/CAD vs the Yen

 

[GMP]

buying AUDJPY right now is about the only trade I spy at the moment... everything else is stuck in the Greek mud

Here's how that turned out - about +40pips

 

[GMP]

I don't believe it - S&P just did it again, this time to Spain. Why didn't they just announce that yesterday with the other two?

 

[GMP]

No EOD report today, as I wasn't trading the ICC system given the expected dodgy conditions. Turned out not to be as volatile as I was expecting, so I tried some "Freestyle" trades in various markets, and only managed to prove to myself that I need to stick to a system to have any chance of being profitable.
I ended up losing 36 pips in total, which illustrates how crap I can still be at applying what I think I've learned over the years.

 

[GMP]

short €$

 

[GMP]

short €$

20 pip stop with Eurozone data coming out at 8.55 & 9.00

 

[GMP]

20 pip stop with Eurozone data coming out at 8.55 & 9.00

...which is promptly tripped before the news... cable strength pushing the $ back down

 

[GMP]

£¥ bought
cable looks a possibility too, but I don't think sterling's quite strong enough to take two long positions

 

[GMP]

long €$

 

[GMP]

£¥ bought
cable looks a possibility too, but I don't think sterling's quite strong enough to take two long positions

£¥ scratched for -5 - signal reversed

 

[GMP]

€Y bought

 

[GMP]

still seems to be slow-motion today - my indicators are telling me €¥ should be soaring but it's having trouble even getting airborne

 

[GMP]

still seems to be slow-motion today - my indicators are telling me €¥ should be soaring but it's having trouble even getting airborne

both € trades closed for a total of -22, and currently down 47 on the morning, and really not sure what's happening... just perfectly wrong conditions for this system I guess

 

[GMP]

both € trades closed for a total of -22, and currently down 47 on the morning, and really not sure what's happening... just perfectly wrong conditions for this system I guess

1 minute later €$ bounces back into profit of course!