My New Soy Based Diet

I switched to a soybean based diet this morning when I posted not one but two pertinent setups. The soybean oil futures for you lowly leeches and the actual soybean futures for my subs – of course the latter was my all time favorite and it’s been rocking and rolling since my entry.

The former is looking good though and I’ve now moved my stop to break/even now. We initially pushed up nicely but that daily NLBL at 33.3 had to spoil the party. Clearly this is where we should expect resistance going forward.

And here’s the actual soybeans contract – brilliant entry and thus far our nefarious plan is proceeding like clockwork. Evil is as evil does…. anyway, I’m moved my stop to break/even here as well. Nothing but air above and with a bit of luck and scotch tape we may just take the express elevator to the 1k mark 🙂

EUR/GBP is looking like a nice long but DarthMole tells me that volatility is just about to run out of juice here. So I suggest you wait a few hours and then look for a long entry near the 100-hour SMA and that stack of Net-Lines.

Of course there’s more – I like to spoil my subs. And there’s a EUR pair I like even better today. Please meet me in the lair:

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Scalpius Update

On a sidenote – I was chatting with Mugabe in the comment section about Scalpius’ win/loss rate when suddenly something occurred to me. The system was build on top of CI legacy code and that one was taking break/even two pips behind the actual entry point. Which means that you’d count it as a small loss and given a lot of opportunity those pips may just add up.

So I changed that to one pip in front of the break/even spot and that completely changed everything. Here’s the original ruleset with the new break/even spot running against the EUR/USD. I call it Scalpius A. The P&L is almost identical but look at the win/loss rate! We went from 1:2.2 to 1:1.09. That is a system I would happily trade with 1% R sizes.

Here’s Scalpius A against the USD/JPY. 180R with the exactly same win/loss rate – that’s uncanny.

Since this morning I developed a slightly enhanced ruleset which I call Scalpius AB. That one is a bit busier and as you can see the EUR/USD is now showing a much more subtle drawdown period. However the W/L rate and the expectancy suffered a little. I think I would stick with system A on this one.

Here’s the same Scalpius AB ruleset on the USD/JPY – my jaw dropped when I saw this one. Again we have a win/loss ratio of 1:1.09. But we would have banked 280R in three years. The SQN number is bullpucky – I need the formula for SQN100 – anyone?

I’ll keep plugging on this – extremely excited about it as you can imagine.

Cheers,