Hello and welcome to a long term strategy that I just recently put together last night. It consists of using Moving Averages. Just to start I'd like to thank everyone for the threads on FF, which I find most valuable. I've been reading these threads for about a month and haven't posted yet but I think this is a great start.
I've been trading for about a year or so and haven't been that serious till lately. I used the money that I put in the market as gambling money and that's how I looked at it. So I'm currently about 6k in the whole. At this point and time my mind set has changed and I would like to do this for a living someday. I did use a program that was supposed to give buy and sell signals but decided that it didn't work that well, so here I am trying to learn more everyday. After all is said I'm using this as a new beginning and journal my trades. Most importantly being honest with myself also.
In looking at this strategy I found that it involves lots of hours in front of the computer. I haven't fine tuned this strategy yet for all the currency pairs so I'm going to currently use the G/U. In terms of backtesting this strategy I've looked at the chart from Jan and calculated that it would of generated approx. 700+pips for the month. It created about 13 trades for the month.
I will curently be posting the trades I make here and they should not be traded with live accounts and this is for testing purposes only. In addition to posting my trades I would ask anyone that has any suggestions or comments to feel free and post away. I will respond as soon as possible since I usually work during the day EST. Working shouldn't reflect to many of the trades I believe since most of them should be placed within the first few hours of the London session. I will post my stategy later in this thread. Hopefully by the end of the week
Thanks
Bob
I've been trading for about a year or so and haven't been that serious till lately. I used the money that I put in the market as gambling money and that's how I looked at it. So I'm currently about 6k in the whole. At this point and time my mind set has changed and I would like to do this for a living someday. I did use a program that was supposed to give buy and sell signals but decided that it didn't work that well, so here I am trying to learn more everyday. After all is said I'm using this as a new beginning and journal my trades. Most importantly being honest with myself also.
In looking at this strategy I found that it involves lots of hours in front of the computer. I haven't fine tuned this strategy yet for all the currency pairs so I'm going to currently use the G/U. In terms of backtesting this strategy I've looked at the chart from Jan and calculated that it would of generated approx. 700+pips for the month. It created about 13 trades for the month.
I will curently be posting the trades I make here and they should not be traded with live accounts and this is for testing purposes only. In addition to posting my trades I would ask anyone that has any suggestions or comments to feel free and post away. I will respond as soon as possible since I usually work during the day EST. Working shouldn't reflect to many of the trades I believe since most of them should be placed within the first few hours of the London session. I will post my stategy later in this thread. Hopefully by the end of the week
Thanks
Bob