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kharvell's Trades

  • Post #101
  • Quote
  • Edited 12:29pm Mar 10, 2007 12:02pm | Edited 12:29pm
Quoting kharvell
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
Kevn,
There is no need to apology! U R HELPING US.
In fact, your email made me to go to my notes (rather than followig the easier way of throwing all questions and doubts to you to answer).
I found the naswer to all-star bar. Take a long if all-star is made in the uptrend and visa versa.
Here is a suggession for you to comment. If it is an all-star long trade, or if the price has travelled up and up inside the top resistance band for a while, then it means the up trend is pretty strong and so, wait for two closes inside the band to liquidate the long position and to go short (rather than only one close , which is our normal procedure).
What is your opinion?
-Chandra
Quoting yen44x
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.
I saw his clarification (of my doubt) after I posted the question second time. Now two things are clear:
1. I know what to do with all-star. ( I refered back to my notes.).
2. No dicussion of the Method here. Only discussion of trades.
Thanks for everyone tried to help me.
Now on wards, you will see me discuss only the trades.
-Chandra
Quoting mikeh3855
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.
Thanks, Mikeh3855 for your help.
But, I do not discuss anymore about the method here. I zip up my mouth and talk only about the trades. I have to respect Kevin's wish. In fact, I read his wish about a few days back not to discuss the method, but, due to old age, forgot it. Sorry Kevin.
-Chandra.
  • Post #104
  • Quote
  • Edited 12:48pm Mar 11, 2007 12:23pm | Edited 12:48pm
EURGBY: (Sunday the March 11th evening).

1. Ready for a short trade?
2. How did this pair fared in the past? Any comment appreciated.
3. Up TL and 0.685 fib and Friday (Mar 9th) low meeting.(fib between the low of Feb 6th and the high of Mar 5th)
4. Sell stop order just below the TL and 0.685 fib (price 0.6769).
5. TP at SMA.
6. SL=0.6826 (above Thursday's hi)
7. Counter Trend - one lot.
comments please.
Comments on step 4 is appreciated.
-Chandra
Quoting Chandra
EURGBY: (Sunday the March 11th evening).

1. Ready for a short trade?
2. How did this pair fared in the past? Any comment appreciated.
3. Up TL and 0.685 fib and Friday (Mar 9th) low meeting.(fib between the low of Feb 6th and the high of Mar 5th)
4. Sell stop order just below the TL and 0.685 fib (price 0.6769).
5. TP at SMA.
6. SL=0.6826 (above Thursday's hi)
7. Counter Trend - one lot.
comments please.
Comments on step 4 is appreciated.
-Chandra
Kevin and others,
By this posting (quoted above), did I once again violate the regulation of this site (Regulation: ONLY TRADES to be posted)?
-Chandra
Quoting Chandra
Kevin and others,
By this posting (quoted above), did I once again violate the regulation of this site (Regulation: ONLY TRADES to be posted)?
-Chandra
Hey Chandra,

I don't mean to be a dictator in this thread. I only request that you do not speak about these things. Theoretically, you can say whatever you want; it is a free country after all. I'm simply requesting..

In regards to EUR/GBP: This looks good for a short. Signals are confirming. Also, Friday's close closed below the gap of 3/2/07 - 3/5/07, which Steve Nison says is a pretty important area of support. Looks like a good trade to take; good luck to you.

Regards,

Kevin
Quoting kharvell
Hey Chandra,

I don't mean to be a dictator in this thread. I only request that you do not speak about these things. Theoretically, you can say whatever you want; it is a free country after all. I'm simply requesting..

In regards to EUR/GBP: This looks good for a short. Signals are confirming. Also, Friday's close closed below the gap of 3/2/07 - 3/5/07, which Steve Nison says is a pretty important area of support. Looks like a good trade to take; good luck to you.

Regards,

Kevin
Com'n, Kevin .. ... you have not said anything of that sort! you are gem of a man (boy?). Nobody sees any fault at all in you, in your postings or in your request! All faults (slips, forgettings and more) are from me. But, I honestly want to respect your requirements, honestly.
Good luck to you and God be with you.
Thanks for your analysis of EUR/GBP.
-Chandra.
New Trade:

GBP/USD Long @ 1.9325
TP 1.9471
SL 1.9248 (10 pips under low of 3/7)

Other active trades:

EUR/JPY +125
GBP/JPY +263

This is still very early in the session, so it'll be interesting to see how the yen crosses do the rest of the day.
Greetings from Guanajuato, Mexico
Quoting yen44x
New Trade:

GBP/USD Long @ 1.9325
TP 1.9471
SL 1.9248 (10 pips under low of 3/7)

Other active trades:

EUR/JPY +125
GBP/JPY +263

This is still very early in the session, so it'll be interesting to see how the yen crosses do the rest of the day.
It seems as though you may be pre-empting GBP/USD. I hope it pays off! I'm going to wait for a break of resistance around 1.9355 as seen throughout the past week until I enter. Hopefully that will be later today for you, and me to enter.

Good luck!


I have also tightened my T/P's for my 2 trades.

Quote
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

The T/P's should read:

Long USD/JPY @ 117.36
S/L = 115.51
T/P = 118.96

Long GBP/JPY @ 226.69
S/L = 223.38
T/P = 231.82

Good luck,

Kevin
What a fantastic morning!

I see +650 pips at my Oanda... They are all near SMA20, so I take some profit and tighten my SL.

I'm going to study for my exam that I have tonight... Hope that will go as good as my trades

Good luck to your trades!
It appears my positions in GBP/JPY and USD/JPY both went sour. Both have formed piercing patterns bouncing off of January 5th support which is now resistance. If the chart still looks the same later tonight, I'm going to liquidate my positions now to cut losses, and take the short side given the strength of today's reversal (piercing patterns near resistance). I'm not ENTIRELY convinced it is going down 100% for sure, but it does look rather likely; I'll see how the day plays out.

Best of luck to all,

Kevin
Quoting kharvell
It appears my positions in GBP/JPY and USD/JPY both went sour. Both have formed piercing patterns bouncing off of January 5th support which is now resistance. If the chart still looks the same later tonight, I'm going to liquidate my positions now to cut losses, and take the short side given the strength of today's reversal (piercing patterns near resistance). I'm not ENTIRELY convinced it is going down 100% for sure, but it does look rather likely; I'll see how the day plays out.

Best of luck to all,

Kevin
I will be keeping my long positions in both GBP/JPY and USD/JPY.

GBP/JPY has bounced off of March 2nd's upper gap support at around 226.40. It is entirely possible and even probable that there will be a close past this point either tomorrow or the next day, but until that happens, I will stay long.

For USD/JPY, I am staying long because today's low along with 3-9-07's low collectively form a tweezer bottom at around 117.21. If this point is breached, I may have second thoughts

Again, it is possible that I may be in the wrong, but I'd rather be in the wrong than wondering "what if".

Good luck!

Kevin
I also kept my GBP/USD long trade open, although I would have closed it this a.m. when price hit previous support around 1.9430 if I had been near my computer.

That would have been a 100+ pip profit, which I would have settled for since the trade is counter-trend. So, I'm hoping for a repeat tonight. Go Pound! (Kevin, you've spoiled us all . . . now that I think about it, it sounds silly to say I would "settle" for a 100-pip gain.)
Greetings from Guanajuato, Mexico
Quoting yen44x
I also kept my GBP/USD long trade open, although I would have closed it this a.m. when price hit previous support around 1.9430 if I had been near my computer.

That would have been a 100+ pip profit, which I would have settled for since the trade is counter-trend. So, I'm hoping for a repeat tonight. Go Pound! (Kevin, you've spoiled us all . . . now that I think about it, it sounds silly to say I would "settle" for a 100-pip gain.)
Hey Yen,

I have entered long with you on GBP/USD as a signal developed today. I'm thinking that the market just wanted to scare some buyers out of the market on the open today. I personally still see these 3 pairs going on the upside. We'll have to see what happens as I may be wrong.

Long GBP/USD @ 1.9320
T/P = 1.9486
S/L = 1.9172

Total Pip P/L: 0 pips
Total % P/L: 0%

Current trades:
Attached Image
Two trades closed today:

EUR/JPY +50 pips
GBP/JPY +139 pips

Total Profit 189 pips

There's a good chance I may Short GBP/JPY by the end of the day, but I'll watch it a while longer.
Greetings from Guanajuato, Mexico
I just entered short on AUD/JPY. A very nice looking evening star is forming.

Short AUD/JPY @ 92.08
TP: 91.30 (not sure yet, at this level there is both a gap and a historical suport/resistence)
SL: 92.30
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
Quoting semar
I just entered short on AUD/JPY. A very nice looking evening star is forming.

Short AUD/JPY @ 92.08
TP: 91.30 (not sure yet, at this level there is both a gap and a historical suport/resistence)
SL: 92.30
Just exit at 91.03, lucky I was online and get some aditional pips :
AUD/JPY
Short @ 92.08
Exit @ 91.03
--------------
Currently: 105 pips
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
Well, forex is pretty much whooping up on me, and I am quite pleased by it. A little weird perhaps, but what I have lacked in picking out my trades, I have made up for in discipline. It's nice to know that I am losing while still following my system. Although I am tempted to exit my positions, I will follow my system to the end

Here are my current trades; who knows whether they'll turn around for me, but I'm content with losing.

Regards,

Kevin
Attached Image
Quoting kharvell
Well, forex is pretty much whooping up on me, and I am quite pleased by it. A little weird perhaps, but what I have lacked in picking out my trades, I have made up for in discipline. It's nice to know that I am losing while still following my system. Although I am tempted to exit my positions, I will follow my system to the end

Here are my current trades; who knows whether they'll turn around for me, but I'm content with losing.

Regards,

Kevin
Yeah, I'd also like to learn to watch my loosing trades and not to think about closing against the system.
BTW Yesterday evening I took short on GBPJPY, and +206 now :]
Thomas
Quoting thomass
Yeah, I'd also like to learn to watch my loosing trades and not to think about closing against the system.
BTW Yesterday evening I took short on GBPJPY, and +206 now :]
I'm also short GBP/JPY, but didn't get in as early as Thomas. I think there's a realistic chance that last week's low will be tested again, so there's still a lot of room for profit if that happens.

I'm also short USD/JPY, USD/CHF, and GBP/CHF. I don't normally trade GBP/CHF, but it appeared there was a good chance it also will challenge last week's low.

BTW, just to prevent any confusion, these are all price action trades this time and not based on the usual method.
Greetings from Guanajuato, Mexico
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