Posts Tagged ddfx
Another very satisfactory week for the DDFX trading system. However, I am aware that I may not be always consistent on my entries and/or exits. I think some of this comes from gut feeling after watching the markets for many years.
Anyway, here are my thoughts and analysis as I traded the GBPUSD (cable) using the DDFX Forex system using the 1 hour charts.
My first trade was when the price action broke the low of the first red candle. I was aware that there was only one arrow even though t
August 11, 2011
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I realised that although I had taken screenshots of the DDFX charts over the past couple of weeks, I hadn't posted them all up on the blog. So here are a couple of annotated charts taken using the DDFX system:
EURJPY - 22nd to 28th July
You can see where I was uncomfortable with taking the short signal. I didn't like how the sell arrows were staggered and by the time I got all 3 arrows, the market had already moved somewhat too far already. Shortly afterwards, I get a 'buy' signal... thoug
August 8, 2011
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There seems to be a trade every couple of days so far with the DDFX system and I took two more over the last couple of days with the EURUSD pair. I got stopped out for my last trade on EURJPY for a 40 pip loss and thought perhaps EURJPY was not a good pair to trade using DDFX, time will tell.
Anyway, there was the entry on the 18th where I went long after seeing two arrows and the trene bars were all pointing towards a move higher so I entered. However, I got stopped out for a 34 pop loss
July 21, 2011
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