ICC Forex System testing

[GMP]

cable apparently bumping up against a fib level from yesterday

 

[GMP]

€Yen closed again for no profit - Yen marching back and some Euro data coming out at 10am

 

[GMP]

hanging on to €$ long as Gold's fairly strong & dollar's fairly neutral...may exit before 10 though

 

[GMP]

putting a very tight break-even stop on €$ in case the 10am data is nasty

 

[GMP]

that's the €$ dead - the pair's beginning to look like it did yesterday...

 

[GMP]

right, long on €¥ again - third time lucky?

 

[GMP]

Buy signal on £¥

 

[GMP]

€¥ closed for -6
everything looks flat

 

[GMP]

sterling strength finally making headway

 

[GMP]

£¥ closed for 9 pip profit; still long £ vs. € & $

 

[GMP]

£¥ closed for 9 pip profit; still long £ vs. € & $

now out for modest profits

 

[GMP]

Morning only trades resulted in theoretical +70 pips, but looking at this afternoon, I've no doubt I'd have lost it all, plus more. Bernanke speaks and Indicators Crumble!

 

[GMP]

9.45 : £ sells vs $ & Yen exited, still short € vs all three in principle (but the Yen & $ trades signalled too early to catch)

 

[GMP]

9.45 : £ sells vs $ & Yen exited, still short € vs all three in principle (but the Yen & $ trades signalled too early to catch)

Looks like that £ exit's too early... either that or I need a cast-iron re-entry signal.

 

[GMP]

Looks like that £ exit's too early... either that or I need a cast-iron re-entry signal.

then again, cable looks like it's settling... not sure if ¥ has a bit more in it yet

 

[GMP]

new sell in £¥... probably too close to a bottom

 

[GMP]

fresh fall in cable=my exit strategy is too sensitive

 

[GMP]

fresh fall in cable=my exit strategy is too sensitive

£¥ sell scratched for 9 pips while I tinker with my exits again

 

[GMP]

£¥ sell scratched for 9 pips while I tinker with my exits again

New exits in black. Probably too loose for choppy conditions now, but it's a case of finding a decent medium. Long term, you'll probably gain more from letting the big moves run as far as possible than you'll lose in sideways markets.

 

[GMP]

long £Y but wary of doing the same in €Y, the way Yen is swinging about