From memory we applied Option 2 - We believe we used IG Index and when we got an email we knew we had to cancel opposing - Hopefully technology will allow you to do the same - Remember - You can also call them if you do not have access to a smart phone.

in on EUR/USD today, have a crude oil pending
had winners on GU and UC yesterday.

got knocked out on EUR/USD yesterday for a full loss, Brent Crude is still running

AUD/USD today, target 1 already hit and half my position removed

Originally Posted by Skyfox

Hi All

I'll try to post these triangles each morning between 6 and 7am (GMT). Please note that depending on which data source you use, not all triangles reported here would be triangles. That is because some data providers use 24hr markets and others does not.

These triangles was found automatically and I haven't checked them manually. It is your own responsibillity to check them before using it.

Today's triangles: 17 February 2011:
FTSM

Hi Sky,

what is FTSM?

thanks

Hi Rugby Trader, thank you for your updates. I'll try to post the signals that I'm identifying too. Do you trade both methods (i.e. ISD and stochastic)? Do you mind saying which method did you use when you spotted the trade?

Now a question to everyone: I've been seen periods when the stochastic stays above 90% for a couples of days. Is that right or is there something wrong with my setup? I use MT4 with Smart Live Markets.

For example: EURUSB between 20 and 27-Jan, SP500 has been over 90% since 3-Feb

Thanks,

lowrisktrader, on alpariuk chart the stochs (8,3,3) on the eur/usd daily has been indicating well overbought for the period you mention. I'm not convinced of the validity or usefulness of using overbought/oversold indicators in such a massive market as forex. Another thing I find particularly galling with these indis is for example, overbought gets indicated about 18 jan but price then carries on up till the end of the month for another 500 pips!

I'm trading the inside day method. i've changed it slightly though. i'm using a 38.2 stop rather than 61.2. reduces the risk, improves the percentage return. makes a huge difference to the figures. also when price hits target 1, i take half the trade off and move the SL to entry price +1.

my trades this week
GBP/USD: +0.68% return, target 1 hit, target 2 SL of entry +1 hit
USD/CHf: +1.69% return, both targets hit
EUR/USD: -2% loss
Brent Crude: -2% loss
AUD/USD: 1.67% return, both targets hit

+0.04% return for the week
i'm up 1.72% for the year on this system, although it was only last week that the system evolved into the system i'm using now.
in back testing, AU and EU rock!

Originally Posted by Rugby Trader

Hi Sky,

what is FTSM?

thanks

Hi Rugby

It is FTSE 250.

Regards,
Skyfox

Thank you for the update Rugby. I'll demo your changes and see how the stats play out.

Tonight there are two signals on GBPUSD: an inside bar with a buy bias and a sell signal (stoch hit 90%). Interesting combination.

Last Friday there was also a sell signal on UK100 (stoch hit 90%) with both targets being hit today +41 pips.

Mixed results on GBPUSD:
ISD: -2% loss
Stochastic: +1.52% return, both targets hit

ISD signal on AUDUSD today.