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High probability trade setups for day trades and swing trades 4 replies

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kharvell's new experiment =| 73 replies

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kharvell's Trades

  • Post #81
  • Quote
  • Edited 3:54pm Mar 8, 2007 3:36pm | Edited 3:54pm
Quoting Chandra
Hello, Kevin,
What is your new method? Do you share it with us or it is your own private method. However, we are happy and content with your original BB method.
Thank you for that.
-Chandra
Chandra,

I'm afraid I cannot inform people of my new method. It is simply too good to freely distribute. You will see what I mean in 4-5 months, as I will be wiping the slate clean and restarting forward tests with this new method and am going to track both pips earned and % increase. I will tell you that a lot of characteristics are the same, so we will still have similar trades, but there will be trades I make that might make you scratch your head. Also, I will not be using ATR for stops anymore, but rather nearby supports or resistances I am seeing as per my candle stick analysis.

Regards,

Kevin
  • Post #82
  • Quote
  • Edited 7:54pm Mar 8, 2007 6:24pm | Edited 7:54pm
The only problem today is choosing which of the many trade opportunities you want.

Here's some of the Long opportunities I saw:
AUD/JPY, CAD/JPY, CHF/JPY, EUR/CHF, EUR/JPY,
GBP/CHF, GBP,JPY, NZD/JPY, USD/JPY

I personally opted for Long trades on EUR/JPY and GBP/JPY.
I didn't want to jump into too many of the Yen cross trades just in case it turns around again.
Greetings from Guanajuato, Mexico
Quoting yen44x
The only problem today is choosing which of the many trade opportunities you want.

Here's some of the Long opportunities I saw:
AUD/JPY, CAD/JPY, CHF/JPY, EUR/CHF, EUR/JPY,
GBP/CHF, GBP,JPY, NZD/JPY, USD/JPY

I personally opted for Long trades on EUR/JPY and GBP/JPY.
I didn't want to jump into too many of the cross Yen trades just in case it turns around again.
Great post yen! Indeed, there are a ton of options! It does look as though JPY crosses are going up. Personally, I will probably indulge myself by trading only USD/JPY as GBP/JPY is rather iffy at the moment in my charts. Later tonight this could all change. Expect my entry post at around 9-10 pm CST this evening.

Good luck,

Kevin
New Trades. I'm long on USDJPY and EURJPY. Jeez, I hate getting home late.
-i trade currencies at the airport-
Alright then, I have FINALLY been afforded the opportunity to place a trade using my new method.

Long USD/JPY @ 117.36
S/L = 115.51
T/P = 119.35

Long GBP/JPY @ 226.69
S/L = 223.38
T/P = 232.74

GBP/USD may need a day or so before we enter long.

Total Pips: 0
Total Account P/L %: 0%

Good luck to all

Kevin
I closed my Long trade on USD/CHF today with a 67-pip profit. (Thanks again, Kevin ) Price came within about 10 pips of my target earlier in the day, but was flat for several hours after that , so I decided to close prior to the non-farms report on Friday.

3/5 Entry @ 1.2207
3/8 Exit @ 1.2274
Greetings from Guanajuato, Mexico
Quoting yen44x
I closed my Long trade on USD/CHF today with a 67-pip profit. (Thanks again, Kevin ) Price came within about 10 pips of my target earlier in the day, but was flat for several hours after that , so I decided to close prior to the non-farms report on Friday.

3/5 Entry @ 1.2207
3/8 Exit @ 1.2274
Nice job, yen! I was looking at that because I knew you were in it. It kind of went everywhere before it settled up.



Quote
Long USD/JPY @ 117.36
S/L = 115.51
T/P = 119.35

Long GBP/JPY @ 226.69
S/L = 223.38
T/P = 232.74

I have tightened the T/P's for both these pairs, it should read:
Long USD/JPY @ 117.36
S/L = 115.51
T/P = 119.13

Long GBP/JPY @ 226.69
S/L = 223.38
T/P = 232.25

Good luck,

Kevin
Quoting yen44x
Two new trades for me . . .

USD/JPY Short @ 118.12
SL: 119.06
TP: To infinity & beyond (but I'll settle for less if necessary)

USD/CHF: Short @ 1.2172
SL: 1.2254
TP: TBD

This is my first try at an "all-star" bar, so we'll see how it goes.
This message if for YEN44X about the above "all-Star" trade and also to Kevin who endorsed this trade:

1. The USDJPY trade you have shown above was not yet an "All-Star" bar.
2. Assuming it were an "All-Star" bar. then, you should have gone Long based on Kevin's rule.
AM I right kevin?
Please explain. I am under the impression that an 'All-Star'bar up' has completed its 'up-journey' and so we can short it and an 'All-Star bar down' has completed its 'down-journey' and so we can long it. Please correct me if I am wrong.
-Chandra
Quoting kharvell
Chandra,

I'm afraid I cannot inform people of my new method. It is simply too good to freely distribute. You will see what I mean in 4-5 months, as I will be wiping the slate clean and restarting forward tests with this new method and am going to track both pips earned and % increase. I will tell you that a lot of characteristics are the same, so we will still have similar trades, but there will be trades I make that might make you scratch your head. Also, I will not be using ATR for stops anymore, but rather nearby supports or resistances I am seeing as per my candle stick analysis.

Regards,

Kevin
Ok, Kevin, for a 19-yr young man, you have done great favour to all of us with your original BB strategy. I thank you for that. You have all the rights to hold on to yourself your "too good" method. But keep posting your trades, that would help us to cross check our trades
Thanks again.
-Chandra.
Quoting kharvell
Great post yen! Indeed, there are a ton of options! It does look as though JPY crosses are going up. Personally, I will probably indulge myself by trading only USD/JPY as GBP/JPY is rather iffy at the moment in my charts. Later tonight this could all change. Expect my entry post at around 9-10 pm CST this evening.

Good luck,

Kevin
Hi Kevin, can you explain a bit more why you call GBP/JPY is rather iffy compared to USD/JPY? It is an interesting observation you made there. I want to learn how to do it.
Thank you.
-Chandra
Quoting Chandra
This message if for YEN44X about the above "all-Star" trade and also to Kevin who endorsed this trade:

1. The USDJPY trade you have shown above was not yet an "All-Star" bar.
2. Assuming it were an "All-Star" bar. then, you should have gone Long based on Kevin's rule.
AM I right kevin?
Please explain. I am under the impression that an 'All-Star'bar up' has completed its 'up-journey' and so we can short it and an 'All-Star bar down' has completed its 'down-journey' and so we can long it. Please correct me if I am wrong.
-Chandra
Chandra,

We probably have different closing times, so your charts may appear different than mine or I could have interpreted the candle incorrectly. Either way, the trade was good for 210 pips.

I'll let Shakespeare settle it:
"What's in a name? that which we call a rose
By any other name would smell as sweet;"

So, Chandra, even if you don't agree with my interpretation of the candle, you've got to agree we don't see Shakespeare quoted often in FF. And, I'm confident it's my first and last time.

Actually, I'm probably just a little giddy this a.m. as I woke up to find my EUR/JPY trade up 75 pips and GBP/JPY up 202 pips.
Greetings from Guanajuato, Mexico
My USD/JPY trade stopped out at +357 pips as expected.

Here is my current trades:

Long GBP/JPY @ 226.43
Currently: +157 pips
This is a very difficult pair to trade, and I only trade with little units. I have been burned a number of times.

Long CAD/JPY @ 99.08
Currently: +135 pips

Long AUD/USD @ 0.7766
Currently: +28 pips

Long GBP/USD @ 1.9306
Currently: +11 pips

Long CHF/JPY @ 95.71
Currently: +1 pips

Short USD/CAD @ 1.1755
Currently: -1 pips

This was a very nice end of this week. Hopefully, next week will be even better

Hope everyone will have a nice weekend, I will certainly celebrate my pips

See ya on monday.
Nicely done, Grillbritt!

I'm watching the GBP/JPY Long trade very closely myself in case we're just retracing before the bottom falls out again. I usually just let my trades run but in this case I will be moving my stop to lock in profits if the trade continues up for a while longer.

Next week should be very interesting.
Greetings from Guanajuato, Mexico
  • Post #94
  • Quote
  • Edited 11:45am Mar 9, 2007 11:10am | Edited 11:45am
Quoting Chandra
This message if for YEN44X about the above "all-Star" trade and also to Kevin who endorsed this trade:

1. The USDJPY trade you have shown above was not yet an "All-Star" bar.
2. Assuming it were an "All-Star" bar. then, you should have gone Long based on Kevin's rule.
AM I right kevin?
Please explain. I am under the impression that an 'All-Star'bar up' has completed its 'up-journey' and so we can short it and an 'All-Star bar down' has completed its 'down-journey' and so we can long it. Please correct me if I am wrong.
-Chandra
Hey Chandra,

You've got it backwards. Also, not to be rude, but this is the last time I'm going to acknowledge a Bollinger band question. I am quite serious about starting a business, and I will just have to do what it takes to get there. My apologies.

Regards,

Kevin

Quote
Hi Kevin, can you explain a bit more why you call GBP/JPY is rather iffy compared to USD/JPY? It is an interesting observation you made there. I want to learn how to do it.
Thank you.
-Chandra

GBP/JPY was a little more iffy because it barely formed a signal by my charts when I made that post. By the end of the day, it confirmed enough for me to enter at least.

Quote
My USD/JPY trade stopped out at +357 pips as expected.

Here is my current trades:

Long GBP/JPY @ 226.43
Currently: +157 pips
This is a very difficult pair to trade, and I only trade with little units. I have been burned a number of times.

Long CAD/JPY @ 99.08
Currently: +135 pips

Long AUD/USD @ 0.7766
Currently: +28 pips

Long GBP/USD @ 1.9306
Currently: +11 pips

Long CHF/JPY @ 95.71
Currently: +1 pips

Short USD/CAD @ 1.1755
Currently: -1 pips

This was a very nice end of this week. Hopefully, next week will be even better

Hope everyone will have a nice weekend, I will certainly celebrate my pips

See ya on monday.

grillbritt,

Very well done! You seem to be leading the pack in the pip area! Enjoy them my friend! I imagine that next week WILL be even better, and according to backtests, I CAN'T WAIT FOR APRIL.

And in regards to GBP/JPY, I think that it should head up for a little ways more. It seems to have broken the top gap resistance which Nison says is a pretty important one and in this case coincides with 12-7-06 support. My strategy these days is to fight fire with fire in volatile markets. Basically, if a market is very volatile, I will use a very liberal stop to combat that. For instance, when I entered GBP/JPY, I used a stop of 335 pips; which is the equivalent of 3-6-07's low.

Regards,

Kevin


Well Long JPY crosses turned out not to shabby for anyone that took them with me Here's a look at my current trades to add to the happiness.

Best of luck to all,

Kevin
Attached Image
A very nice week indeed for "Kevin's Kreation"!

3 trades closed during the week:

EUR/USD +62
USD/CHF +67
USD/JPY +210

TOTAL +339 pips

2 trades will continue into next week:
EUR/JPY +108 pips so far
GBP/JPY +220 pips so far

I'm looking at the 50% to 61.8% fib retracement area on these 2 trades for possible targets, and then we may very well enjoy another nice ride Short. 3 cheers for volatility!!!
Greetings from Guanajuato, Mexico
Quoting yen44x
Chandra,

We probably have different closing times, so your charts may appear different than mine or I could have interpreted the candle incorrectly. Either way, the trade was good for 210 pips.

I'll let Shakespeare settle it:
"What's in a name? that which we call a rose
By any other name would smell as sweet;"

So, Chandra, even if you don't agree with my interpretation of the candle, you've got to agree we don't see Shakespeare quoted often in FF. And, I'm confident it's my first and last time.

Actually, I'm probably just a little giddy this a.m. as I woke up to find my EUR/JPY trade up 75 pips and GBP/JPY up 202 pips.
Hi Yen44X,
I was not commenting on your trade; I was trying to learn form your interpretation. However, please tell me a bit more on ALL-STAR bars.
If there is an ALL-STAR bar, are we to go in the direction of the bar or, are we to go reverse direction of the bar. If the bar goes from Std 1 to Std 5, then it means it is an ALL-STAR down. Now, are we to go with ALL-STAR bar and sell? Please clarify.
Thank you.
-Chandra
Quoting grillbritt
My USD/JPY trade stopped out at +357 pips as expected.

Here is my current trades:

Long GBP/JPY @ 226.43
Currently: +157 pips
This is a very difficult pair to trade, and I only trade with little units. I have been burned a number of times.

Long CAD/JPY @ 99.08
Currently: +135 pips

Long AUD/USD @ 0.7766
Currently: +28 pips

Long GBP/USD @ 1.9306
Currently: +11 pips

Long CHF/JPY @ 95.71
Currently: +1 pips

Short USD/CAD @ 1.1755
Currently: -1 pips

This was a very nice end of this week. Hopefully, next week will be even better

Hope everyone will have a nice weekend, I will certainly celebrate my pips

See ya on monday.
Hi Grillbritt,
Congratulations! UR all over with Plus Pips! Amazing!
Your achievement is a n inspitarion to others.
-Chandra
Chandra,

I'll speak up here, not to speak for anyone else. kharvell describes an All Star Bar as one that goes through all 5 Bollinger Bands. It must be touching all of them. If it is going up it is a strong signal to buy. If it is going down it is a strong signal to sell. I would backtest this phenomenon.
Quote
Hey Core,

I actually plan to start a business with my method, so I'm afraid I can't tell you how I place my trades. Alas, there was once a time when I would have been glad to help you, but now I just have to do this for me.

Sorry,

Kevin
Quote
Hey Chandra,

You've got it backwards. Also, not to be rude, but this is the last time I'm going to acknowledge a Bollinger band question. I am quite serious about starting a business, and I will just have to do what it takes to get there. My apologies.

Regards,

Kevin
Quote
Hi Yen44X,
I was not commenting on your trade; I was trying to learn form your interpretation. However, please tell me a bit more on ALL-STAR bars.
If there is an ALL-STAR bar, are we to go in the direction of the bar or, are we to go reverse direction of the bar. If the bar goes from Std 1 to Std 5, then it means it is an ALL-STAR down. Now, are we to go with ALL-STAR bar and sell? Please clarify.
Thank you.
-Chandra http://www.forexfactory.com/images/buttons/quote.gif
Chandra,

With all due respect, my understanding is that Kevin created this thread to discuss possible or actual trades using the Method rather than the "rules" of the method. Since Kevin was kind enough to share the method with us in the first place, I'm going to abide by his wishes.

Not to speak for Kevin, but I think he makes his position crystal clear in his previous posts to you and others. However, please note in his reply to you that he was kind enough to answer the same question you're still asking me.
Greetings from Guanajuato, Mexico
Quote
grillbritt,

Very well done! You seem to be leading the pack in the pip area! Enjoy them my friend! I imagine that next week WILL be even better, and according to backtests, I CAN'T WAIT FOR APRIL.

Quote
Hi Grillbritt,
Congratulations! UR all over with Plus Pips! Amazing!
Your achievement is a n inspitarion to others.
-Chandra

Thank you guys! I really love this method, it's so simple but effective...
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