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peglegtrading

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Posts posted by peglegtrading

  1. Hi Peglegtrading,

     

    "as clear as a mud" - you're too funny man! LOL My assumption is you didn't see/read the black line that I drawn to buy EUR/UD at 2315 NYT and sell it around 12NOON. All of my charts here are eastern standard time. There are three specific lines that I used to conclude my decision. There are a few software that I use and like to trade with.

     

    Best regards,

    Unclepips

     

    Haha, I didn't mean to be so abrupt. I just checked your chart for Eur/usd. Wow! Spot on there, congrats. Am sharing in the short ride now. Wish I would have taken the ride up too.

  2. I've been trading crb's since 2009. The settings are not such a complicated idea as some make it seem. I switch between 10-20 pips for the main pairs. For gold I usually work with between 175-250 ticks. Basically any momentum or support and resistance strategy which works on time based bars will work even better on crb's. The reason is simple as I documented on my blog a few months ago, you can control your stops much better: http://meantrade.blogspot.com/2011/11/meantrades-ohlc-deeper-understanding.html

     

    Good luck in your trading and remember, no system is better than another on it's own, it requires your own management of it that determines if it works or not.

  3. he's made some very pretty charts. just take what works for you and toss the rest. all any system needs is a way to enter with the trend and stops to keep your losses small. trail your profits and you will get a huge runner every once i na while. the secret is in the grinding, not the trending. don't get hung up on the small loses.

     

    but i give you guys full credit for trying to verify if his methods are truly profitable. for some they surely are. but what about for you? that's the important question.

  4. I went through and manually backtested. Pretty terrible.

     

    1. Sell GBP/JPY 05-Aug-2011, Buy 09-Aug-2011 +220

    2. Sell CHF/JPY 08-Aug-2011, Buy 11-Aug-2011 -300

    3. Sell GBP/JPY 08-Aug-2011, Buy 09-Aug-2011 -25

    4. Sell GBP/JPY 11-Aug-2011, Buy 18-Aug-2011 -223

    5. Sell AUD/JPY 11-Aug-2011, Buy 18-Aug-2011 -65

    6. Sell GBP/JPY 12-Aug-2011, Buy 19-Aug-2011 -184

    7. Sell EUR/CAD 12-Aug-2011, Buy 22-Aug-2011 -234

    8. Sell USD/JPY 25-Aug-2011, Buy 01-Sep-2011 +70

    9. Sell USD/JPY 30-Aug-2011, Buy 01-Sep-2011 +10

     

    These are official signals from the paid software pack or is it using old data not updated? You could have consistently beat the system by fading it. I hope if you did pay for it there is a warranty clause.

  5. I assume it uses seasonal data. Seasonal patterns are very accurate BUT, you cannot trade with stops to achieve the extremely high winning percentages associated with these kinds of statistical anomalies. For a more respected vendor of this kind of trading refer to mrci.com. I don't subscribe but I have taken the trial in the past and it does work as advertised.
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