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[tstmarkt]

Originally Posted by popoola

Hi tstmarket

Thanks for contributing to the thread. Since I started using this method I have had a new discipline for entry. I like the idea that you dont have to monitor it that much because I work full time. You didnt say whether you are still using it. Do you have any ideas on its improvement. I still feel if you have 2 straight up days you move stop to breakeven ie ICWR(2).

I still use it; its very good just as it is no improvements.

I wouldn't give out the details of the system just post you signals.

[popoola]

Hi tstmarkt

Thanks for the advice. From now on I will give out only the details and summaries of the trades. I find the system simple and great in trends. It will kill you in a congestion phase. Please bounce off any trades you see whether here or privately by email. It will be appreciated

[popoola]

Went long the loonie @ 1.1388 today. I have attached a graphic

Why? The ICWR system says it is a buy. Secondly daily rsi above 50 and we almost had a failed double top breakout today. Showing there is still some strength in the old dog. Fundamentally canadian dollar rises with the rise in crude oil prices and commodities in general but sometimes there is a break between that bond. I am hoping this would be one of those times.

Graphic below:

[popoola]

Nothing new to report. We need to breadout 1.1404 for this trade to be on track. I woke up to see a little dollar strength. We have a big report week this week. Graphic below:

[popoola]

Exited the Loonie trade @1.1450 (+66pips)

Incidentally the canada has retraced into the buy zone again and I am thinking of jumping back in. I will watch things for a while and get back to the thread whatever I do.

[popoola]

Went long the Aussie this morning @0.7556 stop @0.7456. Could have waited for the breakout to the upside first on the 4 hourly but the system says now. This ia funny one because this week there will be a lot of reports.

Chart below:

[popoola]

Long Pound @1.8516 stop @1.8440 according to the rules of the system. Today is particularly important as we need to see how the system performs in the face of data releases.

[popoola]

Stopped out of the Pound trade (-100pips). Frist time this has happened. Are we going into a new dollar bull era?

The aussie trade is currently down 26 pips.

[yardie]

Too many people are SHORT USD and SHORT JPY. I think a lot of people are going to geta rude awakening in the coming weeks. Contrarians will be cleaning up.

[popoola]

I have gone Long USDYEN @117.38 stop @116.37 according to the ICWR Long term trading system.

Thanks for your input Yardie. Long live the USD

[popoola]

Exited the aussie trade @0.7521 (-36pips)

The only trade running is the yen long.

[popoola]

The yen trade has been stopped out @ 116.17

[popoola]

Using the short term version I bought the euro @1.2720 and exited @1.2740.

Data from the us points to the possibility of a pause in the hiking cycle. So a bit of dollar weakness may set in. Watch out for safe haven flows thoughs...

[popoola]

According to the system signals I went long the Pound @1.8656 stop @1.8556. Chart attached

[popoola]

Trade update on the pound. Nothing much has happened. However we have been as low as 1.8620. But now back at breakeven. The Pound needs to get above 1.8675 for any meaningful advance to occur. Perhaps later today with data coming out to in the US