May 31, 2006

4:40 pm EST: +0 pips
Beta: +26 pips (+26 +0)

Short trade triggered at 8:40 am EST.
Midpoint hit at 10:50 am EST. Moved stop to breakeven.
*Beta- Closed 1 lot at midpoint. Moved last lot's stop to breakeven. (+26 pips)
Trade stopped out at breakeven at 2:00 pm EST. (+0 pips)













8:00 am EST- Trades


Long Trade:
Entry Order: Buy at 1.8838
Stop Loss: 1.8789
Target: 1.8896
*Move stop to breakeven when price hits 1.8864
**Beta- Close 1 lot when price hits 1.8864 and move last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8746
Stop Loss: 1.8794
Target: 1.8688
*Move stop to breakeven when price hits 1.8720
**Beta- Close 1 lot when price hits 1.8720 and move last lot's stop to breakeven

May 30, 2006

2:30 pm EST: +10 pips (-48 +58)
Beta: -12 pips (-96 +26 +58)

Short trade triggered at 8:20 am EST.
Short trade stopped out at 9:20 am EST. (-48; Beta: -96)
Long trade triggered at 9:50 am EST.
Midpoint hit at 10:00 am EST. Moved stop to breakeven.
*Beta- Closed 1 lot at midpoint and moved last lot's stop to breakeven. (+26)
Target hit at 10:00 am EST. (+58; Beta: +58)













8:00 am EST- Trades


Long Trade:
Entry Order: Buy at 1.8810
Stop Loss: 1.8761
Target: 1.8868
*Move stop to breakeven when price hits 1.8836
**Beta- Close 1 lot when price hits 1.8836 and move last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8718
Stop Loss: 1.8766
Target: 1.8660
*Move stop to breakeven when price hits 1.8688
**Beta- Close 1 lot when price hits 1.8688 and move last lot's stop to breakeven

Memorial Day

There is no trading today for me as it is a US holiday. I encourage all of you, especially the American traders, to take a break from trading today as today is a very special holiday. Let us remember those who gave their lives for our country so that we could have the life of freedom that we often times take for granted. I wish you all a happy Memorial Day. Cheers! ~Big Pippin

Signal Results for 5.22.06 - 5.25.06

This week was not the best week for the signal but we were still able to come up on the positive side.

Monday: +60
Tuesday: -76
Wednesday: +47
Thursday: No trade
Friday: No trade- Day before Memorial Day

Total: +31 pips


***********************

Beta:

Monday: +87
Tuesday: -152
Wednesday: +68
Thursday: No trade
Friday: No trade- Day before Memorial Day

Total: +3 pips


Total for May: +167 pips
Beta total for May: +120 pips

May 25, 2006

2:15 pm EST: +0 pips
Beta: +0 pips

No trades were triggered by 12 pm EST. Removed all orders.













*Today is a news day. Wait until at least 8:40 am EST before placing your orders. If price is out of our range then wait for it to close back within our range (using a 10 minute chart) before placing your orders.


8:00 am EST- Trades

Long Trade:
Entry Order: Buy at 1.8756
Stop Loss: 1.8712
Target: 1.8805
*Move stop to breakeven when price hits 1.8778
**Close 1 lot when price hits 1.8778 and move last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8673
Stop Loss: 1.8717
Target: 1.8624
*Move stop to breakeven when price hits 1.8651
**Close 1 lot when price hits 1.8651 and move last lot's stop to breakeven

May 24, 2006

2:00 pm EST: +47 pips
Beta: +68 pips (+21 +47)

Short trade triggered at 9:00 am EST.
Midpoint hit at 9:10 am EST. Moved stop to breakeven.
*Beta- Closed 1 lot at 9:10 am EST. Moved last lot's stop to breakeven. (+21 pips)
Target hit at 9:10 am EST.













*Today is a news day. Wait until at least 8:40 am EST to place your orders. If price is out of our range then wait until price closes back within our range (using a 10 minute chart) before entering your orders.


8:00 am EST- Trades

Long Trade:
Entry Order: Buy at 1.8870
Stop Loss: 1.8833
Target: 1.8917
*Move your stop to breakeven when price hits 1.8891
**Beta- Close 1 lot when price hits 1.8891 and move your last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8802
Stop Loss: 1.8838
Target: 1.8755
*Move your stop to breakeven when price hits 1.8781
**Beta- Close 1 lot when price hits 1.8781 and move your last lot's stop to breakeven

May 23, 2006

1:25 pm EST: -76 pips (-38 -38)
Beta: -152 pips

Not a good day for the signal. I think I'll have to pay more attention to Bernanke in the future. Hopefully I can recoup some of the losses throughout the week.

Short trade triggered at 9:30 am EST.
Short trade stopped out at 10:30 am EST.
Short trade triggered again at 11:00 am EST.
Short trade stopped out again at 11:20 am EST.













8:00 am EST- Trades


Long Trade:
Entry Order: Buy at 1.8864
Stop Loss: 1.8826
Target: 1.8914
*Move stop to breakeven when price hits 1.8886
**Beta- Close 1 lot when price hits 1.8886 and move last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8793
Stop Loss: 1.8831
Target: 1.8743
*Move stop to breakeven when price hits 1.8771
**Beta- Close 1 lot when price hits 1.8771 and move last lot's stop to breakeven

Signal Results for 5.15.06 - 5.19.06

Monday: No trade
Tuesday: No trade
Wednesday: +17
Thursday: -52
Friday: No trade

Total: -35 pips


***************************

Beta:

Monday: No trade
Tuesday: No trade
Wednesday: +1
Thursday: -104
Friday: No trade

Total: -103 pips


Total for May: +136 pips
Beta: +117 pips

May 22, 2006

5:30 pm EST: +60 pips
Beta: +87 pips

Long trade triggered at 10:00 am EST.
Midpoint hit at 11:10 am EST. Moved stop to breakeven.
*Beta- Closed 1 lot at midpoint. Moved last lot to breakeven. (+27 pips)
Target hit at 11:40 am EST.













8:00 am EST- Trades

Long Trade:
Entry Order: Buy at 1.8790
Stop Loss: 1.8740
Target: 1.8850
*Move stop to breakeven when price hits 1.8817
**Beta- Close 1 lot when price hits 1.8817 and move last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8696
Stop Loss: 1.8745
Target: 1.8636
*Move stop to breakeven when price hits 1.8669
**Beta- Close 1 lot when price hits 1.8669 and move last lot's stop to breakeven

May 19, 2006

Result: +0 pips
Beta: +0 pips

No trades were triggered by 12:00 pm EST. Removed all orders.



********


8:00 am EST- Trades

Long Trade:
Entry Order: Buy at 1.8819
Stop Loss: 1.8755
Target: 1.8907
*Move stop to breakeven when price hits 1.8860
**Beta- Close 1 lot when price hits 1.8860 and move last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8697
Stop Loss: 1.8760
Target: 1.8609
*Move stop to breakeven when price hits 1.8656
**Beta- Close 1 lot when price hits 1.8656 and move last lot's stop to breakeven

May 18, 2006

4:20 pm EST: -52 pips
Beta: -104 pips

Long trade triggered at 9:30 am EST.
Stopped out at 11:50 am EST.













8:00 am EST- Trades

Long Trade:
Entry Order: Buy at 1.8919
Stop Loss: 1.8867
Target: 1.8984
*Move stop to breakeven when price hits 1.8949
**Beta- Close 1 lot when price hits 1.8949 and move last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8820
Stop Loss: 1.8872
Target: 1.8755
*Move stop to breakeven when price hits 1.8780
**Beta- Close 1 lot when price hits 1.8780 and move last lot's stop to breakeven

May 17, 2006

2:25 pm EST: +17 pips (-43 +60)
Beta: +1 pip (-86 +27 +60)

8:30 am EST- News candle. No trades. Candle closes within our range. Placed entry orders
Long trade triggered at 8:40 am EST.
Stopped out on long trade at 8:50 am EST (-43 pips; Beta: -86 pips)
Short trade triggered at 9:10 am EST.
Midpoint hit at 9:40 am EST. Moved stop to breakeven.
*Beta- Closed 1 lot out at midpoint. (+27 pips) Moved last lot's stop to breakeven.
Target hit at 10:20 am EST. (+60 pips; Beta: +60 pips)













*Today is a news day. Wait until at least 8:40 am EST to place your trades. If price is outside of our range, wait until price closes (using a 10 minute chart) within our range before placing the orders.


8:00 am EST- Trades


Long Trade:
Entry Order: Buy at 1.9016
Stop Loss: 1.8973
Target: 1.9076
*Move stop to breakeven when price hits 1.9043
**Beta- Close 1 lot when price hits 1.9043 and move last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8935
Stop Loss: 1.8978
Target: 1.8875
*Move stop to breakeven when price hits 1.8908
**Beta- Close 1 lot when price hits 1.8908 and move last lot's stop to breakeven

May 16, 2006

2:45 pm EST: +0 pips
Beta: +0 pips

8:30 am EST- News candle. No orders placed.
At 11:10 am EST, price closed back within our range. Placed entry orders.
No trades triggered by 12:00 pm EST. Removed all orders.













*Today is a news day. Do not place orders until 8:40 am EST. Read the first post for the rest of the rules for trading on news days.


8:00 am EST- Trades


Long Trade:
Entry Order: Buy at 1.8843
Stop Loss: 1.8788
Target: 1.8914
*Move stop to breakeven when price hits 1.8876
**Beta- Close 1 lot when price hits 1.8876 and move last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8738
Stop Loss: 1.8793
Target: 1.8667
*Move stop to breakeven when price hits 1.8705
**Beta- Close 1 lot when price hits 1.8705 and move last lot's stop to breakeven


Happy trading!

May 15, 2006

2:15 pm EST: +0 pips
Beta: +0 pips

No trades were triggered by 12:00 pm EST. Removed all orders.












*Today is a news day. However, this time we are going to wait until at least 9:10 before placing our orders. Remember the news rules. If price is out of our range, wait for the price to close (using a 10 minute chart) back in the range before entering your orders.


8:00 am EST- Trades

Long Trade:
Entry Order: Buy at 1.8913
Stop Loss: 1.8844
Target: 1.9012
*Move stop to breakeven when price hits 1.8960
**Beta- Close 1 lot when price hits 1.8960 and move last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8780
Stop Loss: 1.8849
Target: 1.8681
*Move stop to breakeven when price hits 1.8733
**Beta- Close 1 lot when price hits 1.8733 and move last lot's stop to breakeven

Signal Results for 5.08.06 - 5.12.06

Not a bad week for the signals. Hopefully we can carry on this momentum for the rest of the month!

Monday: +34
Tuesday: +61
Wednesday: No trade
Thursday: No trade
Friday: -28

Total: +67 pips
Total for May: +171 pips

****************************

BETA:

Monday: +65
Tuesday: +89
Wednesday: No trade
Thursday: No trade
Friday: -56

Total: +98 pips
Total for May: +220 pips

May 12, 2006

4:15 pm EST: -28 pips
Beta: -56 pips

8:30- News candle. No trades
8:40- Candle closes within our range. Placed entry orders.
Short trade triggered at 10:30 am EST.
Target not hit by 2pm EST. Closed trade out at 1.8914












*Today is a news day. Please read the rules on the first post on how to trade on news days.

8:00 am EST- Trades

Long Trade:
Entry Order: Buy at 1.9008
Stop Loss: 1.8944
Target: 1.9096
*Move stop to breakeven when price hits 1.9049
**Beta- Close 1 lot when price hits 1.9049 and move last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8886
Stop Loss: 1.8949
Target: 1.8798
*Move stop to breakeven when price hits 1.8845
**Beta- Close 1 lot when price hits 1.8845 and move last lot's stop to breakeven


Happy trading!

May 11, 2006

3:00 pm EST: +0 pips
Beta: +0 pips

Ok so I missed out on a very nice trade today because of my news filter. However, I think the filter will pay off in the long run by saving me alot of lost pips because news days tend to spike out my trades.

8:30 am EST- News candle. No orders entered.
Price never went back into my range. No orders entered.













*Today is a news day so don't place your orders until 8:40 am EST. Read the first post for the rest of the rules for trading on news days.

8:00 am EST- Trades

Long Trade:
Entry Order: Buy at 1.8688
Stop Loss: 1.8607
Target: 1.8810
*Move stop to breakeven when price hits 1.8746
**Beta- Close 1 lot when price hits 1.8745 and move last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8532
Stop Loss: 1.8612
Target: 1.8410
*Move stop to breakeven when price hits 1.8474
**Beta- Close 1 lot when price hits 1.8474 and move last lot's stop to breakeven


Happy trading!

May 10, 2006

2:25 pm EST: +0 pips
Beta: +0 pips

No trades were triggered by 12pm EST. Removed all orders.













8:00 am EST- Trades

Long Trade:
Entry Order: Buy at 1.8718
Stop Loss: 1.8654
Target: 1.8807
*Move stop to breakeven when price hits 1.8760
**Beta- Close 1 lot when price hits 1.8760 and move last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8595
Stop Loss: 1.8659
Target: 1.8506
*Move stop to breakeven when price hits 1.8553
**Beta- Close 1 lot when price hits 1.8553 and move last lot's stop to breakeven


Happy trading!

May 9, 2006

4:10 pm EST: +61 pips
Beta: +89 pips (+28 +61)

Long trade triggered at 8:50 am EST.
Midpoint hit at 9:20 am EST. Moved stop to breakeven.
*Beta- Closed 1 lot at midpoint. Moved last lot's stop to breakeven. (+28 pips)
Target hit at 10:00 am EST.













8:00 am EST- Trades

Long Trade:
Entry Order: Buy at 1.8601
Stop Loss: 1.8551
Target: 1.8662
*Move stop to breakeven when price hits 1.8629
**Beta- Close 1 lot when price hits 1.8629 and move last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8506
Stop Loss: 1.8556
Target: 1.8445
*Move stop to breakeven when price hits 1.8478
**Beta- Close 1 lot when price hits 1.8478 and move last lot's stop to breakeven

May 8, 2006

2:40 pm EST: +34 pips
Beta: +65 pips (+31 +34)

Short trade triggered at 9:50 am EST.
Midpoint hit at 10:10 am EST. Moved stop to breakeven.
*Beta- Closed 1 lot at midpoint. Moved last lot's stop to breakeven.
Target not hit by 2pm. Closed trade out at 1.8567












8:00 am EST- Trades

Long Trade:
Entry Order: Buy at 1.8702
Stop Loss: 1.8649
Target: 1.8769
*Move stop to breakeven when price hits 1.8733
**Beta- Close 1 lot when price hits 1.8733 and move last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8601
Stop Loss: 1.8654
Target: 1.8534
*Move stop to breakeven when price hits 1.8570
**Beta- Close 1 lot when price hits 1.8570 and move last lot's stop to breakeven

Signal Results for 5.01.06 - 5.05.06

Well so far it looks like beta is slightly beating out the original signal method. However, the beta method had a larger drawdown with -56 pips at one point compared to only -23 pips for the original method. Both methods still performed very well this week.

Original Method:
Monday: +6
Tuesday: -23
Wednesday: +53
Thursday: +68
Friday: No trade

Total: +104 pips

************************************

Beta Method:
Monday: -10
Tuesday: -46
Wednesday: +77
Thursday: +101
Friday: No trade

Total: +122 pips

Total for May: +104 pips
Beta: +122 pips

May 5, 2006

2:20 pm EST: +0 pips

8:30- News candle broke through our range.
Price never went back within our range. No entry orders were placed.












*Today is a news day. Read first post for the rules on trading on news days before placing orders.

8:00 am EST- Trades

Long Trade:
Entry Order: Buy at 1.8525
Stop Loss: 1.8495
Target: 1.8559
*Move stop to breakeven when price hits 1.8539
**Beta- Close 1 lot when price hits 1.8539 and move last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8470
Stop Loss: 1.8500
Target: 1.8436
*Move stop to breakeven when price hits 1.8456
**Beta- Close 1 lot when price hits 1.8456 and move last lot's stop to breakeven

May 4, 2006

3:15 pm EST: +68 pips
Beta: +101 pips

8:40 candle closed within range. Set entry orders.
Long trade triggered at 9:40 am EST.
Midpoint hit at 10:20 am EST. Moved stop loss to breakeven.
*Beta: Midpoint hit at 10:20 am EST. Closed 1 lot and moved last lot's s/l to b/e.
Target not hit at 2pm EST. Closed trade out at 1.8515.












Today is a news day. Please see the "Read me first" section for the rules on trading during news.
8:00 am EST- Trades

Long Trade:
Entry Order: Buy at 1.8447
Stop Loss: 1.8391
Target: 1.8519
*Move stop to breakeven when price hits 1.8480
**Beta- Close 1 lot when price hits 1.8480 and move last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8341
Stop Loss: 1.8396
Target: 1.8269
*Move stop to breakeven when price hits 1.8308
**Beta- Close 1 lot when price hits 1.8308 and move last lot's stop to breakeven

May 3, 2006

2:30 pm EST: +53 pips
Beta: +77 pips (+24 +53)

Long trade triggered at 11:00 am EST.
Midpoint hit at 11:30 am EST; Moved stop to breakeven.
*Beta- Midpoint hit at 11:30 am EST; Closed 1 lot (+24) and moved last lot's stop to breakeven.
Target hit at 12:00 pm EST.












Signals- Sorry for the late post. My computer was having problems this morning. These were the signals for today (not that it helps, but just for record keeping purposes).

Long Trade:
Entry Order: Buy at 1.8420
Stop Loss: 1.8380
Target: 1.8473
*Move stop to breakeven when price hits 1.8444
**Beta- Close one lot when price hits 1.8444 and move last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8346
Stop Loss: 1.8385
Target: 1.8293
*Move stop to breakeven when price hits 1.8322
**Beta- Close one lot when price hits 1.8444 and move last lot's stop to breakeven

May 2, 2006

3:00 pm EST: -23 pips
Beta: -46 pips

Long trade triggered at 9:40 am EST.
Target not hit by 2pm. Closed trade out at 1.8384












8:00 am EST- Trades

Long Trade:
Entry Order: Buy at 1.8407
Stop Loss: 1.8329
Target: 1.8524
*Move stop to breakeven when price hits 1.8463
**Beta- Close 1 lot when price hits 1.8463 and move last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8256
Stop Loss: 1.8334
Target: 1.8139
*Move stop to breakeven when price hits 1.8200
**Beta- Close 1 lot when price hits 1.8200 and move last lot's stop to breakeven

May 1, 2006

4:10 pm EST: +6 pips (-32 +38)
Beta: -10 pips (-64 +16 +38)

I made a mistake today because I forgot today was a news day. The first trade was a loss and was triggered before 8:40 which is when I usually put my orders in on news days. I guess I was just so excited to try the new exit method that I forgot to pay attention to the news :)

Long trade triggered at 8:20 am EST
Long trade stopped out at 8:30 am EST. Placed long entry order again.
Long trade triggered again at 8:40 am EST.
Midpoint hit during 8:50 candle; Moved stop to breakeven.
*Beta- Midpoint hit at 8:50; Closed 1 lot for +16 and moved last lot's stop to breakeven
Target hit at 8:50 candle.












8:00 am EST- Trades

Long Trade:
Entry Order: Buy at 1.8286
Stop Loss: 1.8254
Target: 1.8324
*Move stop to breakeven when price hits 1.8302
**Beta version: Close 1 lot at 1.8302 and move last lot's stop to breakeven.


Short Trade:
Entry Order: Sell at 1.8227
Stop Loss: 1.8259
Target: 1.8189
*Move stop to breakeven when price hits 1.8211
**Beta version: Close 1 lot at 1.8211 and move last lot's stop to breakeven.