Back again! - dingo.forex

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Sunday, July 31, 2005

Back again!

Sorry for lack of updates again. It's just been busy here in the sandbox, getting back into the swing of things. Forex research among my group continues, though. We've each knocked out about 2 or 3 books in the past 2 weeks. Books include The Logical Trader, Trade Your Way To Financial Freedom and Forex Revolution. All three I would highly recommend, although Forex Revolution is a bit newbie-friendly, but it's still one of the most current Forex books available. We're currently testing the FX10 strategy in our spare time. Specifications are as follows:
  • 5 period WMA
  • 10 period SMA
  • Slow Stochastic (5,3,3)
  • RSI (14)
  • MACD (default)
So far results on this system are very good. It generates a ton of signals and is producing roughly an 80% success rate. For more information check out http://www.tradecurrency.ca

Other than that, still working on developing a good system to trade live with when I get home in 5 months. So far it looks like a strategy in the way of scalping and short term trades will fit best. I've been reading the blogs and it seems most guys have been making great gains these past few week. I'd also like to congratulate Graemenash on his best month in Forex trading. Up 2037 pips for July I believe. Spectacular results man. Also great to see Hilda performing well. Happy trading guys. It won't be so long before the next post, I swear. ;) Cheers.

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