Wednesday 29 October 2008

Out of Rhythm and a System"Hiccup"

Europe Session
No. of signal recommendations: 4
All major pairs results: -180 pips
All yen-crosses results: -70 pips

US Session
No. of signal recommendations: 5
All major pairs results: -140 pips
All yen-crosses results: -210 pips

Due to recent clock change, the US session had been scheduled to start one hour late than the normal system operational time this week. Unexpectedly, this caused some problems for the End-of-Session system today. As the forex market was heavily influenced by the US stock markets these days (this October 08), the system couldn't shrug off some "false" forex killer signals. Moreover, the technical bias was expected to shift tonight.

I don't think the system can come back to be positive for the month after today's results. This is probably the end of a nine consecutive month winning streak. Quite a symbolic result for the major-pairs system. Our trading session will revert back to normal hours next week after US clock change this weekend. It will be interesting to see how the system copes in the next two days.

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