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Thursday, August 4, 2011

25th to 29th July - DDFX on GBPUSD : 95 pip profit


As the DDFX system just posts signals when they occur, there maybe times when signals appear and you maybe asleep. That's fine, move on and wait for the next opportunity. I write this as the first trade signal which appeared was at a funny hour. I set audible alerts on Metatrader to alert me when there is a signal and I remember that I woke up to put in this order. It turned out to be a good trade which netted me 45 pips. As in my diagram, there were some tell tale warning signs of a trend reversal which could have got me out the market at a better price. I tend to look at the colour change in the bars and the arrows.

I got out and sold short. The exit point for the previous trade was also the entry point for a new trade. I'm not always comfortable doing this but I had to do what the system told me. This netted me 31 pips, I got out after the first up arrow appeared.

The next day or so was very weird. You can see that the trend indicator was a bit all over the place and the up arrows and bars weren't quite right. There was a long entry which I didn't take (which would have been a loss) and shortly following that, a possible short entry (once again, I didn't take).

After a push low, I then got the trend indicators lined up and the arrows appeared for a long trade. The market move so much to the upside that I felt a bit uncomfortable trading it and put in a order at the break of the previous candle. The long triggered and I held it over the weekend. Market opened lower and I closed for a 19 pip profit. I was a little frustrated with this one.. looking at the chart, you think that I should have made much more and perhaps holding over the weekend wasn't the best of things to do.

Anyway, 3 winning trades on the GBPUSD for the week for a total of 95 pips which is quite healthy!

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