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11-17-2008, 08:05 PM
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No trades to report this week.
Week commencing 10 Nov 08 weekly totals Demo 0 pips Live 0 pips Over the last couple of week my trading partner & I have been involved in some intence back testing of our trading methodology. This has releved some very interesting results, and has made us review our approach. Exciting time lie ahead and I/we hope to be able to share our findings in due course. In the mean time please bare with this journa I will post updates soon. cheers Rich Last edited by Rich1969 : 11-17-2008 at 10:35 PM. 
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11-17-2008, 08:36 PM
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Looking forward to it Rich
__________________
"When I die, I want to die like my grandfather - peacefully, in his sleep. Not yelling and screaming like all the passengers in his car" (unknown author)
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11-18-2008, 07:35 AM
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Live account Nov 17, 2008 Sell GBYJPY 145.59 Closed 144.84 75 Pips.
I was going to close 1/2 position and run 1/2 position but I cauldnt stay at PC to monitor trade so decided to close full position. will post chart up later tonight.
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11-18-2008, 10:41 PM
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Just thought I would share some inital findings from backtesting of a refind stratergy I'm working with my trading partner.
Data test range Jan 06 to Oct 08 GY H4 chart 81 Trades 58 Winners 23 losers 71.6% win ratio (Friday trades removed) (increases to 76% if Tuesday trades removed too) This is based on purley mechanical no support resistance or news releases taken into account. Next phase of testing will take place to attempt to factor in support resistance and trend lines and address the stopped out trades - we beleive we have identified the reason for so many stop outs. Interesting to see pivot table results which clearly show weakness on Friday and Tuesdays. Date2 Data Total Mon Count of Winners 13 Count of Losers 7 Tue Count of Winners 18 Count of Losers 11 Wed Count of Winners 10 Count of Losers 2 Thu Count of Winners 17 Count of Losers 3 Fri Count of Winners 7 Count of Losers 10 Total Count of Winners 65 Total Count of Losers 33 This is still a discretionary system based mainly on price action and support rersistance levels, there is a clear set parameters to follow which will clealy idenitify trade opportunities and indicate stop loss placementy and TP levels. A significant proportion of the stop outs occur as result of price action reversing, next phase of testing we will implent a reversal method to attempt to convert some of the losses to winners. There is still quite a bit work to testing other pairs and time frames. I will reveal more in due course.
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11-26-2008, 10:03 PM
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Live account Nov 19, 2008 Buy EURGBP 0.841100 Closed 0.835500 -64 Pips
Nov 19, 2008 Sell GBPCHF 1.824600 Closed 1.814800 83 Pips Charts to follow Week commencing 17 Nov 08 weekly totals Demo 0 pips Live 94 pips
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