Sunday, October 20, 2013

Week in Review: 14th October to 20th October 2013

I only opened one trade this week. Bagged a win on the NZDUSD using my Cersenus system.

System Development

I didn't have much luck on my weekly two-bar engulfing backtest. It provided profitable results (profit factor approximated 1.2), but it was too low for what I desired from a weekly timeframe system. 

I've spent the last few days working on a 5M EURJPY trading system. Will post any interesting results.

Upcoming Signals

Traders should be aware of the low volatility last Friday. I see two signals that I like, using my Hermes system: the USDCAD and NZDJPY.

Gold and silver are also signalling a reversal on the weekly chart. My preference would be to long gold, using my Set system.

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