Comments on: Forex & LMT Analysis For Week Ahead

By: alx

alx — Wed, 12 Aug 2009 17:21:32 +0000

Hi Veronica,
please take about 20 seconds of your precious time to read my post just above yours (#16). It answers your question in 100% I believe.
This 20 seconds may save a lot of your money.
ALX

By: alx

alx — Tue, 11 Aug 2009 08:10:25 +0000

Hi Kevin,
we get 3x more signals by running 3 different timezones broker terminals.
But for the time being the winning ratio is erratic. LMT is a trending system. Markets are not trending or not trending the way it could work. EURUSD is confined in 400 pips wide up channel on daily. The price action is choppy and full of long local consolidations.
Better stay away till the end of August I believe.
ALX

By: Kevin Joyce

Kevin Joyce — Tue, 11 Aug 2009 07:13:46 +0000

Hi Gally,

Had my FXDD on all day and only got 4x 4H signals all in opposite direction to the day for Aug10. 2 gained for the period and one lost. The day trade €/$ was a loss.
How come I am not getting the 12 signals…any ideas?

By: alx

alx — Mon, 10 Aug 2009 22:51:49 +0000

Oops, missed that: “Still not trading though!”
Frankly – very good stance for the time being.
I took just SOME trades today only because I had signals from other systems and detailed trading plan.
It’s very rare I can create trading plan looking like a timetable: what, when and how to buy/sell during the day.
ALX

By: alx

alx — Mon, 10 Aug 2009 22:45:26 +0000

That’s right Gally
I hope you could get them all. And hopefully you let the GBPUSD and USDCAD run beyond the 2nd target
You know, when I see GBPUSD going down about London open, I somehow know it’s not going to stop soon. Strange I don’t have the feeling when going up…
ALX

By: veronica cordoba

veronica cordoba — Mon, 10 Aug 2009 22:17:26 +0000

Hi Gally, I was reading what you wrote about the signals today, I didn’t get so many signals and most of them were in an opposing direction to the Daily trends. Latelly lmt hasn’t given me any good results any clue?

By: Gally

Gally — Mon, 10 Aug 2009 21:02:54 +0000

Another good Monday. 15 H4 signals. 12 winners. Arguably one wouldn’t have taken the EURCAD losers as they were in an opposing direction to the EURCAD D1 signals. Still, even with those, a good day.

Still not trading though!

By: alx

alx — Wed, 05 Aug 2009 19:43:37 +0000

My LMT trade history is very short: just 6 “LMT” Mondays.
Buy you’re damn right!
None of them was bellow 67% winning rate. And this is still the worst, outstanding case of just one broker. If I average the 6 weeks and the three brokers results, it makes 92% on H4.
Note: I don’t want to make any figures on D1 signals – not enough data and too erratic behavior to make any stats.

I’m very curious if the pattern repeats next Monday, after NFP Friday…
As I said, I reviewed my other trade history and found more “happy” Mondays. Oops, did I say I just found the Holly Grail? Not at all – I also found some very, very bad Mondays…
ALX

By: Gally

Gally — Tue, 04 Aug 2009 12:55:34 +0000

Yup, that’s why we need to look at days and times and success ratios. Monday continues to be very strongly consistent. And my gut feeling is Monday pre-midday is up near 100%. Friday is pretty well always bad.

By: alx

alx — Tue, 04 Aug 2009 12:48:37 +0000

Not only you Gally.
But who would have known? Last week H4 wining ratio dropped bellow 60%. With RR 1:1/2 it could not be traded. Daily signals were about 50% for more than two weeks…
On another hand I have a feeling I saw it couple of times: big moves on Friday US news resulting in explosion on Monday. One of my big days recently was Monday… I have to check this out.
ALX