Archive for August, 2011
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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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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