Posts Tagged forex
So finally we have a losing week on the DDFX trading system, we've had a spectacular run so I do hope this this is a one off and not the start of a spiral trend which seems to be what happens to a lot of trading systems.
The GBPUSD long at the beginning of the week was a nice trade… a winner and what I expected (probably getting a bit too confident here).. A mere 31 pips which isn’t huge compared with the trades I’ve been getting with the system previously but nonetheless, a good start.
August 25, 2011
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If only trades were like this every week. We had a short entry at the start of the week and it just ran and ran for 322 pips. I have found that the yellow line is better to get out of trades rather than looking at the price bar colours and the trend indicators. After a great trade with this, I took the rest of the week off and didn't trade any more of the signals (which would have yield a few more pips).
I also traded the EURJPY this week but this was rather choppy in comparison to the
August 22, 2011
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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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