GBP/JPY backtest — Again, I have not used any TP or SL's on any of the hypothetical trades, just reporting the activity of the bar following the three bar setup. This time I did not place any trades against the trend. GBP/JPY was in a strong ...

Simple Daily System

Nice work. USD/CHF looks OK to me. To decide upon which way a pair is trending, I use a 5 period simple moving average applied to close on a weekly chart (borrowed from Vegas 4h tunnel method), I find this cuts out the whipsaw and is still ...

Simple Daily System

Absolutely TheThing, the dataset that I used began on the 7th. If I had included the 6th (as I should have) then it would have been 100% successful! It might not have produced that many pips over 6 months compared to other systems but with that sort ...

Simple Daily System

I personally used the North Finance demo account, which uses the MT4 platform. This appears to be a particularly attractive option because it takes about 2 minutes to open, it will never expire, and it's MT4. The feed is GMT+2.

Simple Daily System

OK, it only took me 5 minutes but here are the results of my little EUR/JPY test. In the period starting 7 Feb - 7 August 2007, there were 15 cases where the three day criteria was fulfilled. If I had opened positions in the expectation that the ...

Simple Daily System

The only pair that I'm looking at in respect to this method is long in CHF/JPY. It clearly fulfills the three bar criteria but looks to be coming down at the moment, perhaps for a little consolidation retracement, or maybe this could be the end of ...

Simple Daily System

Interesting theory - if it were true and it got out then they lose all trust and credibility. Then the economy is guaranteed to collapse, so I think it somewhat unlikely but I wouldn't put anything past them. These are crazy times..............

Cable Update (GBPUSD)

Aye, I can't fault that logic Thing. 200 pips per month for 10-15 minutes work per day (if that) is a good haul. So with the bull candle that we saw today on our GBP/USD charts, are you in again? It might be worth noting for more active traders that ...

Simple Daily System

Read the whole thread, this discussion has been had before. Depending on where your broker/maker is based, the daily candles will begin at different times. Mine is at 2200 GMT, and I think The Thing's start at a similar time. Interbank is based in ...

Simple Daily System

OK, I got in LONG on GBP/USD at 2.0297 and closed at 2.0325 for 28 pips profit. I only opened 1 lot so I didn't let it ride, good thing too as it's on it's way back down now - a bird in the hand is worth two in the bush IMO. I think this is a good ...

Simple Daily System

Forgive me for wading in here for I am just a relative newbie. I really like the look of the results that this method has been producing from such a simple method (yet it is based upon solid empirical data - trends that have three days of movement ...

Simple Daily System