P.E.I. Majors

[Depth Trade]

Hello fellow traders, here is a strategy that someone could possibly profit from again in the future. If one had been trading it past few weeks, using my positions for trend direction. I think one could have made quite a few dollars the past weeks.
This trade should be taken whenever the 'setup' occurs, even after failure has just happened.

I recommend that one waits for FX pair to pull back of current direction into RSI '70/30', then enter position as MACD closes across from recent extreme.

Please see chart for further review.


Have entered following postions.

Aud/usd Long .7734
s/l .7633

Cad/jpy Short 99.15
s/l 101.85

Eur/cad Long 1.4344
s/l 1.3998

Eur/usd Long 1.2932
s/l 1.2662

Gbp/usd Long 1.8949
s/l 1.8515

Usd/chf Short 1.1970
s/l 1.2319

Usd/jpy Short 109.98
s/l 112.61


T2W thread, -2.04 %, ^04/09/05

 

[Depth Trade]

Have entered following postions.

Aud/usd Long .7734
s/l .7633

Cad/jpy Short 99.15
s/l 101.85

Eur/cad Long 1.4344
s/l 1.3998

Eur/usd Long 1.2932
s/l 1.2662

Gbp/usd Long 1.8949
s/l 1.8515

Usd/chf Short 1.1970
s/l 1.2319

Usd/jpy Short 109.98
s/l 112.61


T2W thread, -2.04 %, ^04/09/05

Out of positions


Aud/usd Long .7734
s/l .7633
Out .7633

Cad/jpy Short 99.15
s/l 101.85
Out 99.95

Eur/cad Long 1.4344
s/l 1.3998
Out 1.4280

Eur/usd Long 1.2932
s/l 1.2662
Out 1.2773

Gbp/usd Long 1.8949
s/l 1.8515
Out 1.8793

Usd/chf Short 1.1970
s/l 1.2319
Out 1.2170

Usd/jpy Short 109.98
s/l 112.61
Out 111.73


T2W thread, -3.29 %, ^04/09/05

 

[Depth Trade]

Have entered following positions.


Aud/usd short .7577
s/l .7749

Eur/usd short 1.2772
s/l 1.2970

Gbp/usd short 1.8793
s/l 1.9027

Usd/cad long 1.1184
s/l 1.1012

Usd/chf long 1.2170
s/l 1.1924

Usd/jpy long 111.74
s/l 108.99



T2W thread, -3.29 %, ^04/09/05

 

[Depth Trade]

Have entered following positions.


Aud/usd short .7577
s/l .7749

Eur/usd short 1.2772
s/l 1.2970

Gbp/usd short 1.8793
s/l 1.9027

Usd/cad long 1.1184
s/l 1.1012

Usd/chf long 1.2170
s/l 1.1924

Usd/jpy long 111.74
s/l 108.99



T2W thread, -3.29 %, ^04/09/05

Out of positions.

Aud/usd short .7577
s/l .7749
Out .7576

Eur/usd short 1.2772
s/l 1.2970
Out 1.2738

Gbp/usd short 1.8793
s/l 1.9027
Out 1.8596

Usd/cad long 1.1184
s/l 1.1012
Out 1.1061

Usd/chf long 1.2170
s/l 1.1924
Out 1.2257

Usd/jpy long 111.74
s/l 108.99
Out 112.55



T2W thread, -2.80 %, ^04/09/05

 

[Depth Trade]

Have entered following positions.


Aud/jpy long 85.26
s/l 83.57

Cad/jpy long 101.83
s/l 99.28

Eur/aud short 1.6817
s/l 1.7124

Eur/cad short 1.4088
s/l 1.4459

Eur/usd short 1.2729
s/l 1.2891

Gbp/usd short 1.8586
s/l 1.8887

Usd/chf long 1.2276
s/l 1.2018

Usd/jpy long 112.67
s/l 110.96


T2W thread, -2.80 %, ^04/09/05

 

[Depth Trade]

Have entered following positions.


Aud/jpy long 85.26
s/l 83.57

Cad/jpy long 101.83
s/l 99.28

Eur/aud short 1.6817
s/l 1.7124

Eur/cad short 1.4088
s/l 1.4459

Eur/usd short 1.2729
s/l 1.2891

Gbp/usd short 1.8586
s/l 1.8887

Usd/chf long 1.2276
s/l 1.2018

Usd/jpy long 112.67
s/l 110.96


T2W thread, -2.80 %, ^04/09/05

Out of positions.


Aud/jpy long 85.26
s/l 83.57
Out 83.57

Cad/jpy long 101.83
s/l 99.28
Out 101.34

Eur/aud short 1.6817
s/l 1.7124
Out 1.7124

Eur/cad short 1.4088
s/l 1.4459
Out 1.4237

Eur/usd short 1.2729
s/l 1.2891
Out 1.2891

Gbp/usd short 1.8586
s/l 1.8887
Out 1.8825

Usd/chf long 1.2276
s/l 1.2018
Out 1.2077

Usd/jpy long 112.67
s/l 110.96
Out 111.69


T2W thread, -4.36 %, ^04/09/05

 

[Depth Trade]

Have entered following positions.


Aud/jpy short 83.77
s/l 85.81

Eur/aud long 1.7223
s/l 1.6784

Eur/usd long 1.2925
s/l 1.2718

Gbp/usd long 1.8835
s/l 1.8562

Usd/cad short 1.1012
s/l 1.1100

Usd/chf short 1.2073
s/l 1.2294

Usd/jpy short 111.60
s/l 113.38



T2W thread, -4.36 %, ^04/09/05

 

[Depth Trade]

Following trades have been entered.

Aud/usd long .7656

Eur/usd long 1.2546

Gbp/usd long 1.8423

Usd/chf short 1.2292

Usd/jpy short 109.77

T2W thread + 0 pips, + 0.00 %, ^04/09/05

This strategy is being traded with strict 'Money Management' and should only be viewed for Observation / re-affirmation purpose.

This strategy is being traded with strict 'Money Management' and should only be viewed for Observation / re-affirmation purpose.

Reading my above quotes remind me of what my father would always say, "do as I say, not as I do"


Fellow traders, those of you who have dedicated your lives to interpreting the 'riddle of the mighty dollar'. I ask for your patience and understanding in what I am about to propose to you.

My original strategy of trading the Usd Majors on a swing-term is profitable and proves profitable, up until I started holding the same strategy on multiple Major Crosses. This is only because I should have had one account for each currency i.e. USD, EUR,GBP,YEN,AUD,CHF.
Instead, my strategy had over lapping positions that cancelled each other out, but if I had been holding the position in separate accounts I could have been showing a profit.

Going over my thread I show that if I would have continued to only hold the original Usd crosses I would be showing a profit of.

T2w thread + 4.52 %

_________________________________________________________

I have also come to an incredible realization about my positioning.
Up until I started overlapping the accounts, I had already payed -1200 pips just to enter/exit on a strategy that is profitable. This is not adding in the spread lost during profitable Usd only crosses that were trade along with the the International Crosses. Not having added it up yet, I know it must be 300? pips or so.

So my proposal is this, to start over again knowing what I have learned. Trade only the My Original (swing positioned) Crosses knowing that it is profitable, and alter my entrance/exit time by a small amount and increase my over all pip count by the spread difference of +931 pips.

Please allow me with the patience and respect you would ask of others, those who are dedicated to solving this FX riddle.
I am not here for anything other than to be trading amongst other traders. The last thing I want to do is leave my reputation in a negative profile, when I know I am onto a winning strategy. One that I have spent countless 15hr days refining over the past 7 years.

Thank you again,

Depth Trade

 

[Depth Trade]

I am in the process of bringing the balance on all threads started, to Break even. For the next few weeks I will be posting the same positions on various threads to accomplish this.
Please afford me the space, your patience and respect in doing this.


Have entered following orders.
http://www.trade2win.com/boards/showthread.php?t=21295&page=11

Usd/cad: long 1.0674 6

Usd/mxn: long 10.8200

Usd/jpy: long 123.83 3


All orders were filled at.

Usd/cad: long 1.0674 6

Usd/mxn: long 10.8105
(better fill)

Usd/jpy: long 123.83 3


Exited Usd/jpy position at 123.09 5



T2W thread, -4.36 %, ^04/09/05

 

[Depth Trade]

I am in the process of bringing the balance on all threads started, to Break even. For the next few weeks I will be posting the same positions on various threads to accomplish this.
Please afford me the space, your patience and respect in doing this.


Have entered following orders.
http://www.trade2win.com/boards/showthread.php?t=21295&page=11

Usd/cad: long 1.0674 6

Usd/mxn: long 10.8200

Usd/jpy: long 123.83 3


All orders were filled at.

Usd/cad: long 1.0674 6

Usd/mxn: long 10.8105
(better fill)

Usd/jpy: long 123.83 3


Exited Usd/jpy position at 123.09 5



T2W thread, -4.36 %, ^04/09/05

Have exited all positions.


Cad: out at 1.0614

Mxn: out at 10.7890

Jpy: out at 123.09 5



T2W thread, -4.6247 %, ^04/09/05