After I made my screen capture a bar has just formed that actually crossed the 20 EMA. That means we have another reset for the day. So we can look for a new qualifying bar (the setup). On the attached chart there are three trades - One that setup ...

TSF Mavin

Thank you Cashcalf. I'll markup a chart for the two trades so far today. Let me experiment with the presentation first though. Give me a few minutes.

TSF Mavin

The revised TSF Mavin rules I outlined above, would have resulted in 2 winning 30 pip trades so far today on GBPJPY. The first was just an "obvious" ride on the middle of a very big move. But the second was a re-entry after a large recovery bar and ...

TSF Mavin

Sorry everybody... I've been stunned by the 3 consecutive losses the method has posted... including yesterday. While this has happened in the past, I was getting comfortable that it was particularly rare. But I realize that even if it happens 2 or 3 ...

TSF Mavin

Well there you go... a loser. On a most unlikely of days, but hey, it happens like that sometimes. So, fortunately, we didn't trade yesterday or we would have 2 losses in a row. I'll be posting the chart in the morning. Today's result put together ...

TSF Mavin

Okay, got our improved entry at 145.79. Order was filled quickly after. Now waiting for the follow through. Take profit is 145.59 (or about 145.53 on the bid feed), and stoploss is sitting at about 146.30 (or 146.24 on the bid).

TSF Mavin

TSF 19 is moving to the bottom position on the ribbon more easily than I anticipated. It looks like there is a chance to move the pending orders to a better entry if this current bar closes bearish. Watch carefully.

TSF Mavin

Since my last post price has managed to climb above the 145.81 resistance. We will see in a moment if it can close above that price. It is another bullish bar and it looks like it will pull the TSF 19 up enough to not allow an improved entry price ...

TSF Mavin

Price is bouncing around an area I see defined by resistance at about 145.81 and support around 145.55. The support must be broken for the trade to fill as it currently stands, and I always feel a bit more comfortable when price has to get through a ...

TSF Mavin

TSF Mavin fully qualified bar has formed and sell stop order is in place at 145.52, take profit 145.32 (or approximately 145.26 for the bid display) and stoploss at 146.03 (or appx 145.97 on the bid). Just waiting for the fill and follow through now.

TSF Mavin

If the current (3am GMT) bar closes down or even it will be a fully qualified TSF Mavin signal bar and a sell stop order will be placed one pip below the low of the bar.

TSF Mavin

21 January 2010 This was a Do NOT Trade day, and the MPC Statement from the day before did not result in a notional losing trade day... which conditionally disqualifies today for trading (Rule addition #1). 22 Jan2010 is a new day and will be an ...

TSF Mavin

As anticipated, TSF Mavin method would have registered a loss today had we been trading. After getting close to a win, price ultimately failed to close above the 148.99 resistance despite 7 consecutive bars touched or exceeded that level. In the end ...

TSF Mavin

TSF Mavin notional order was executed during the 4am GMT bar. Only question is which price will it reach first: 149.21 or 148.50?

TSF Mavin

TSF Mavin method (which probably should not be traded today), has a fully qualified bar that formed at the close of the 2am GMT bar. A buy stop order would have been placed at 148.96 (just below major resistance) plus the spread, so 149.01 on my ...

TSF Mavin

This is a DO NOT TRADE Day. I am looking at the TSF Mavin method for the day only as a matter of record. Original rules do allow for trading today, but based on my experience I am not trading the day after an announcement day that was a winning ...

TSF Mavin

20 January 2010 Because the 20th was a "Do Not Trade" day, and was a winner anyway, we will not trade on the 21st. Win or lose we are back to our trading on the 22nd. And a win on the 21st doesn't mean we couldn't lose on the 22nd... It would just ...

TSF Mavin

I couldn't help myself. The 7am GMT bar came pretty close to scoring a win, but couldn't do it (yet). Bid price reached 148.40, but that would mean ask price only made it to about 148.45, which is about 4 pips short. No double bottom here though, as ...

TSF Mavin

Price is making another run on our notional take profit level. A failure here could spell the end of this attempt to run lower (or not). From a completely different perspective, a failure here would be a sort of localized double bottom, and while ...

TSF Mavin

Reminding all you readers that today is a NO TRADE DAY. However, it is important that we know what would have happened if a trade was placed today because the result impacts what we will do tomorrow. If today is a winner, we will sit on our hands ...

TSF Mavin