Testing

The weekend was very beneficial to my long term forex career. I have done extensive back-testing on a couple of pairs. I have found that so far the new system looks very good. I will continue to back-test a few other pairs. I hope to have 5-7 pairs that I can reliably trade with this new system. Once completed I will post trades and results strictly from this system. As I mentioned earlier, the system is a hybrid of a few different systems. I am looking for the holy grail so to speak, and I may have created it. We will find out.

Trading this week will likely be slow. I am putting most of my efforts into back-testing the new system. Today I closed out the EUR/GBP short of my target point. Closed @ .6609 for a profit of 21 pips, which is a decent haul on this pair. Have initiated one order tonight: USD/CHF long@ 125.22 s/l@125.02, no target point yet, want to see how this plays out. I may short USD/CAD if it gets near the 118.50 range. Patience on this cross. Happy pips to all!