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How Does Initial Risk-Reward Affect The EURUSD Wallaby?

backtesting-results

As I continue to dissect the results of my 1 hour EURSUD Wallaby backtesting, I’m looking for different ways to slice the data to find potential advantages.  One thought that came to mind was that using a previous support or resistance point may not be the best profit target on a trade.

Maybe I should [...]

Chart of the Night

eurusd-sm

I was looking through my charts and I noticed this pattern. It is something that I keep an eye out for, so I thought I would share it. I’m not exactly sure how I can create a system around it yet, so I apologize in advance for any rambling while I think this through.

This [...]

September 9, 2010 EURUSD London Trade

Here is my London Trade for today.  I am closing my FXCM UK account because of the new CFTC laws that went into place in the US.  Complete bull, but I guess that is the way it goes.  No one says that I didn’t try.

I’ll have more on that in a couple days.  But [...]