Trading Account

Trading Account

Monthly Trading Results

Monthly Trading Results

Friday, September 11, 2009

Daily activity 9/11

Today I listened in on Blue Point's trading stream. The EURCHF was quite muted throughout the day so no trades were opened or closed. Having watched Kurtosis' Trading stream for a few days I've noticed his combination of moving averages can act as a signal of sorts on a 15 minute EURUSD chart. After doing some quick visual backtesting of this idea I've decided to move foward with a small live forward test. My plan is to look for 15 minute bars that start above or below all of the EMAs, and then moves through all of them. I am not going to wait for that bar to close, rather I will enter as soon as the farthest EMA is crossed. My stop loss will start at the opposite EMA, with a target of twice the pips risked. I'm only trading 1k lots @ $.10/pip, but I feel that the live trading will shorten the learning curve.

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