Comment by Brian Twomey on November 7, 2012 at 6:43am

EY hit 102.27 from 104.15 sell recommendation. + 188 so far, 56 pips off the 101.71 target. I must hold to target to prove 1. Math works, math predicts markets and my math hits targets

Comment by Brian Twomey on November 7, 2012 at 8:33am

Cep, i don't make mistakes, late entry now and then but all targets hit destinations. Respectfully not cocky, confidence in my system. I'll update your EJ trade in a few minutes

Comment by Peter jcp on November 7, 2012 at 9:12am

Morning Brian - I don't blame you having confidence in your system and i am pleased you are prepared to do this 20 trade exercise - as it is enough for us all to see its strengths and weaknesses.

So again I wish you good luck and meanwhile have a few more questions to pose -

1. EU I appreciate you slightly lowered your original target from 2922 to 2917 - which is good - as its shows your system is adjusting to the market moves which have happened since last Friday. However if you calculate again now or during the next 2 hrs - do you think it might now have adjusted to about 2906  or even under 2900?

2. Your original target of 72 pips - was far easier reached - with less risk and exposure by selling at 2850 rather than buying. Similar that happened on the GJ - by a factor of about 5 if you had gone with the buy instead of the sell.

3. Unfortunately this is a weakness in the your math strategy - but on the plus side it can be overcome by watching and studying other technical analysis which would assist. I feel many maths experts are "blinkered" in their approach and that might be the reasons many other pure maths strats fail - too blinkered approach and not being prepared to accept other variables that cannot always be mathematically calculated.

4. I forget what you mathematical stops were in this last EU trade ? Are you able to factor in supports and resistance levels into your calculations - ( minor ones even more than major ones) as this would certainly assist - as your sell on the GJ - was at a support level. If that had been broken we would not have seen the 300 pip move up against your forecast at that time.

Similar you buy on the EU was near a resistance level it failed to overcome - so result further falls that would have got you 72 pips bagged and banked by now ;-)

5 With regards to today  - i just cannot understand why you did not recommend interim trades on the GJ and EJ - whilst still awaiting your original targets you are so confident of making ?

Surely the Maths could predict this as your predicted a move up on the EU - and so why not the EJ ? 

The EJ as been a buy for over 100 pips - while you are still awaiting your sell target??

Remember the saying - "you can be right = and you can be dead" 

Don't let these targets written in stone be the death of something.

Finally I repeat with 100% confidence - Pure Maths alone - will not work in the currency market - however they can certainly help  and assist traders to profit 

Have a great day and please dont worry if you don't hit all your targets - remember this is a dynamic market - prices change every second - circumstances and variables change every second - why be static ???

Regards 

Peter

Comment by Brian Twomey on November 7, 2012 at 11:55am

Hi Peter, I will recalculate EU again now. The 1.2850 entry was screaming long from short averages, my fault to not see the 253 day caught me to force the price drop. I know better and take responsibility for failure to look closer at the numbers.

 GJ was different. That signal derived from longer averages therefore more solid. Don't know if the price rise from 127.60 was market factors from two days of non trade or what. Yet the same signal gained strength at 128.64 so I went with it.

 No Peter, every last pip, every last movement can be calculated and forecasted. Sometimes it takes time and a pain but it can be easily done. Its the question how deep would one want to go with a forecast, to calculate a trade for an entry and exit. Its was my failure for my 1.2850 trade as a great example. But shorter average trades must be measured against longer and intermediate averages to ensure success all around in entry, exit and targets.

 This EU trade has a next Math Stop I think at 1.2888. It came close at 1.2874 and dropped back to present 1.2816 levels.

 I thought about interim trades on EJ and GJ. But remember I don't know how many around the world can have buy and sells at the same time in their accounts. The rules are changing so fast and I haven't kept up with every nation. So I left interim trades alone to wait for the targets. And absolutely the math informs me of those interim trades. 

 I promise Peter with all respect. I know what I'm doing absolutely. I've held out to hit targets for you so you see math is predictable and works. I've recommended short term, long term and intermediate terms trades. Sure I could be playing around in the interim by hitting scalp pips but for the ske of the exercise, I've held out on purpose. And sure I agree, instead of the longer term EJ for 244 over days, I could've hit almost 5 shorter term 50 pip trades instead.

 Its all done first for the experiment and exercise regarding our math debate. If others jump on these trades and profit, god bless them.

Comment by Peter jcp on November 7, 2012 at 12:04pm

Hi Brian - I think you are correct on your EJ and GJ comments - 5 shorter 50 pip trades was easily in the target - with not too much risk.

Thank you for recalculating the EU again - and will be interested to see if it as moved much.

Also i know you are working on bring time into these equations etc - and if that can work - you will have cracked it big time ;-))

Good Luck 

Regards

Peter

Comment by Brian Twomey on November 8, 2012 at 10:43am

  EUR/JPY sell recommendation from 104.15 to 101.71 hit target at 101.71, + 244 pips. GJ is now on its way to 127.02 target.. EU long at 1.2850 to 1.2917 as well as long at 1.2750 to 1.2850 was called from shorter averages and ongoing. Update directly coming

Comment by Diana Nuwayhed on November 8, 2012 at 11:08am

WoooooW Super Brian !! Congratulations ! Me I got 100 pips From 103.24 to 102.24 !!! :)

waiting for your upcoming trades :)

Comment by Brian Twomey on November 8, 2012 at 11:44am

Good job Diana, I'm smiling with you. Peter, 9 of 12 trades hit targets so far in 12 trade days, + 672 pips. EU and GJ ongoing, GJ is close to target but + 149 now.

Comment by Peter jcp on November 8, 2012 at 12:02pm

Those Stats are very good Brian . But like i have said we should not have counted GJ having gone the wrong way approx 300 pips for a target around 60 -70pips on the first trade. Also you confirmed 2922 and 17 as in stone - etc - which I am pleased you have reviewed and lowered.

As long as you can accept the pure maths will not give you perfect accuracy - then that's fine - your strat with proper stops and filters is a great strategy - but as it stands - trading without initial stops is a very dangerous game - and can ruin loads of great trades - and even your account if you don't know what you are doing ;-)

Keep this good work up though Brian - because I am giving you full support and do want you to have over 17 out of 20 trades work well - I am sure all your followers would be delighted

Regards 

Peter

Comment by Brian Twomey on November 8, 2012 at 12:52pm

Peter, GJ went 130 pips opposite entry but gave me a rare "market gift" because I added 1 lot short at 128.64 with the same 127.02 target with nearly a hit on that target this morning. I name my trades based on market circumstances. That one was the hallalueha trade. Then we have the Paris Hilton, the Box Car Willie and others. Also. EJ prices may have sloshed around but price never passed entry so profits were realized from the start

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