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Hello Non Farm Payroll report (NFP) Comes out the first Friday of the month. Last couple of months, this particular report came out in revision(the final figures are re-adjusted for accuracy) creating a mix sentiment in the market. When this happens, there's a big chance for a bad fill . On Next month I recomend to stay away from this report unless you are absolutely sure your broker is not going to let you down. Raul

Hello Texxas Sorry for taking so long in replying. Please look at the transcript. Very soon I will be posting the whole rules more detailed. If you have any questions, please don't hesitate to ask. I'm always happy the help to te best of my knowledge. Nice to meet you and welcome As for your question yes, I place a bracket order exactly at the line...not the breach but the line..I apologize to be so short but I am running like a beheaded chicken these days LOL we usually have a nice gathering at the chat room starting @ 9:00 AM EST...you're more than welcome to join us...there's plenty of experience traders in theres and we always have a good time Talk to you soon Be blessed PD I love Texas..... That's my home even if I'm far away... I have a condo in San Antonio. My daugther lives there

For some reason I thougth I posted this in the morning I haven't look at AUD/USD yes but if is imbalanced (today and tomorrow) I will get them onboard and I will trade all four I love the early move of the aussie Raul USD-CHF Results 11-13-2006.xls

well.....now we need the swissy to join the trio EUR-USD Results 11-13-2006.xls

I'll be out today and probably tomorrow. If I got time I could probably join in the afternoon session Have fun guys

Target achieved @ 7:17 AM EST Still waiting for EURO and Swissy...most likely will follow the cable probably in a couple of hours. Regards Raul GPB-USD Results 11-13-2006.xls

I forgot Use 25 stop loss for the swissy Regards Raul

As today 11/12/2006 I decided to put AUD/USD on hold. Instead I will trade the Swiss franc (USD/CHF). AUD-USD seems like is consolidating. USD/CHF is having a better pickup. Besides the swiss franc correlates very well with EUR-USD and GPB-USD although is somehow spiky. I still have faith in the aussie. Just in hold for now. Raul

I must confess I hate backtesting But here's some for you guys Results are plain vainilla only no trail stops used I use trail stops - but I won't tell you how much I really made as I don't want to awake the greedy-monster in your Fly low....paper trade if you can or go with 1 contract at the time...get used to it..... if you're using a market maker (oanda, fxcm, etc) you must add the cost of spread to the equation, depending on your leverage if you're using futures, the cost of trade.....in reality is so little won't be worth even thinking about it. EUR-USD backtest.doc

Jay British pound has more swings than probably any other currency. But is an excellent choice. As for rhe end of the week/begining etc. look for where the market is trending. That will give you a general idea and probable direction. Raul

wrines Please, if you can, send me a copy of the charts you're using and tell me exactly how you're backtesing. Price will sometimes break the range but doesn't have enough juice and then retraces. line up your possible entries on the charts. Also send me some forex charts. I'll take a closer look to see what's going on Regards Raul

Momentum is all about practice. Once you get the rythm, you're in. Believe me it's not complicated. I am sure you'll get the hang of it pretty quick. My problem with the tape is the size of the numbers in my chart package. If you have any idea how I can get somethin bigger, please let me know Raul

James if you could measure momentum via tape reading, you'll be in a better position than me for sure. I watch momentum on bars beacuse througth the years looking so much and too long at the screen my vision is not as good as it use to be(don't anybody dare that is the aging process.....LOL).For some reason the tape gives me headache. It's easier for me to use the bars. I am going to look into 100 tick bars as Torero suggested. James, this is a quick-draw trade. The overnigth money is there for the taking. My suggestion is not too look at many things as you could get distracted from the move. Use the necessary and if is possibe the minimal trading tools and go for the killing. I wrote about not looking at the tape 'cause many people like to incorporate may tools into this strategy and what happen is that very often they miss the bus. Maybe 15 min charts 100 tick charts and the tape will do. Try that combination and let me know If I could use the tape I would Raul

AUD-USD was shy today...that's ok AUD-USD Results 11-10-2006.xls

Gav Thanks a lot for posting this link Similar on what I have posted indeed. Makes one feel good whenever some other traders comfirms your views on trading. Regards Raul

My pleasure guys I sincerely hope you could be profitable using this strategy Please do your homework before put this in action. I know I sound like a broken record but as simple as it looks takes time to digest. Once you do your homework (backtesting) then practice on paper for a while or if you don't like paper trading go with 1 contract at the time Time, patience and practice will make you master this strategy. By the way , today 11/10/2006 probably was the worst day for this strategy I have seen in years. But if you look closely the market did the morning breeze. go from 15 minutes charts/5 minutes charts and 100 ticks(thanks Torero) for you to see what I meant. Any strategy, method, etc, is made as a general fingerprint for all to see. You have to create your own twist on this or any strategy for that matter. As long as you don't considerably distort the heart of the strategy, or use it in some other markets like energies or softs, you'll be allrigth. I am like a sparrow stealing eggs from an eagle's nest. It's my style of trading on indices. You don't have to follow my footsteps. The strategy was designed to make a quick buck(heavy loaded once you get experience) yes, but notice than once the market establish a direction off the breakout, most often than not keeps going that way, usually in the morning. Raul

Hi James I hope you're feeling better by now. Yes I take the bar from 9:15-9:30 Torero 100 tick charts sounds like a good idea to me. I use 15 and 5 minutes charts for backtesting The more accurate you can gauge momemtum, the better will be. Feel free to add any input. Remember, the core of this strategy is momentum I want you guys to really backtest this strategy to the extreme. Take your time Think about this: If all your trades can be done in 1/2 hour...instead of waiting the whole morning /afternoon bitting your nails hoping to see if the market cross over/bounce any significant level. In my opinion it will have a significant impact on the emotional side of trading. Plus will make you $$$$$ That's why I want you guys to backtest it real good. Make sure you know what you're doing. Overnigth trading simply put is money for us to be taken. But you have to be fast. see you guys in the morning Raul

Thank you Paul wow!!! I have never thougth about it. Excellent observation Paul. If you have any questions don't hesitate to ask... Raul

Well what could I say??? same as EUR-USD....... Suppose to be the setup for tomorrow 11/10/2006 well....nothing to complain about GPB-USD Results 11-10-2006.xls

well, the alarm went off @9:00PM EST....I set the bracket one hour before....Target achieved...5 pips This is suppose to be the trade for tomorrow 11/10/2006 Trade is still running on trailing stops...lets see what happens EUR-USD Results 11-10-2006.xls

Please see the atachement Regards Raul Morning Brezze Strategy.doc

Thanks my friend I put 60 min chart so you have a sense of the price action. In a daily chart you're going to see just one bar moving up/down. The correct set up will be on the daily charts. That way you will be able to see what happened at the preceeding candle and measure the imbalance better. Raul

Slow move for EUR/USD Target finally reached @ 12:00PM EST This baby did 38 pips today!!!! EUR-USD Results 11-09-2006.xls

Target Achieved GPB/USD 5 Pips Using trailing stops..still on the trade I'll let your know how it goes still waiting for EUR/USD but most likely will follow the pound Just a matter of time for my target to be reached. Raul GPB-USD Results 11-09-2006.xls

Update 8:20 AM EST well, I got 28 pips from AUD/USD. Still pending on the EUR/USD and GPB/USD not bad Raul