Recent content by marketpupil

I honestly had no idea of the existence of this message board until sometime in December. Overall, I enjoy the forum. There are some generally helpful people that mostly offer valuable advice. Also, I remember when I was just starting out and how I wished that someone would give me solid trading...

Ha! Thanks for adding the comedy act, I'm not sure if this forum would be as interesting without your and meanreversions' unique points of view. Have a great weekend :clap:

Sorry for the late update. For those of you who are interested. I believe that the gap in the EURUSD over the weekend will gap down on Sunday's open. Look for around a 10 pip gain if you are short selling the gap. Have a great weekend. Cheers!

As I've said a near tiring number of times, this is the basic argument between fundamental thought and those who use TA: The basic belief in whether history will repeat itself or not. At the end of the day, you can attribute the reason for the success of this system to something that translates...

This particular trade is successful because of the correlation between a bullish US close and a bearish AU open. In addition, my belief in the strength of this trade is not based solely on 7 months worth success trading the system, it is based on 10 years worth of back tested results. If this...

By the way folks, be sure to keep an eye out for the a possible EURUSD trading opportunity over the gap between today's end of session and Sunday's open. I will update the board later with which way I believe the gap is going to move. Happy trading!

Once again, you say random and I say that few continuing scenarios with recurring themes in the market (and in life in general) are coincidental. We come from two different schools of thought, thus we agree to disagree. However, I wish you the best as you continue trading.

As I said, the disagreement is the basic argument against TA by fundamentalist. At the core of my analysis and trading, I have found that history does, in fact, repeat itself on a consistent basis. All I can tell you is that I have several strategies similar to this one that have proven to be...

Just a quick update. The AU open trade was a success today. I entered the trade at 1.36023 and hit my target at 1.35923 at around 5:09 CST. Profit = 10 pips ($100) Length of trade = 3 bars I'll keep updating this board as this trade progresses. Have a great day!

What you have outlined in this post is a weak system, primarily because 18 occurrences over 20 years is simply not enough to indicate any type of natural bias. I have traded this system for about 7 months now, with a success rate that lines up with the back tested results. In addition, this...

Those of you who wish to laugh can do so, I am simply sharing with you a strategy that has been proven to be consistent over time for my account. Time based trading works. Now, an update for you who are interested: The 3:30pm bar closed up. I am back in the AU open trade short selling until...

This is the basic difference between Fundamentalist and those who make trades based on TA and historical data. All I can tell you is that this strategy has been a consistent winner in the past and is currently a consistent winner. With regard to statistics, when over the course of 19 months...

Sorry for the late update. Our trade materialized yesterday. The gain was 10 pips ($100) over 3 bars. I'll update you guys if this trading opportunity happens again today. Cheers!

PS. If this trade happens to today, I'll update you with a progress report.

Bingo! Because back testing software uses historical data, you get the exact difference between the bid and ask price every time...no need for speculation. To account for this difference, I generally build in an extra 2 pips to my TP (it will bring your win percentage down a bit, but I find it...